Issue - meetings
Annual Financial Report 2017-18
Meeting: 25/07/2018 - Audit Committee (Item 5)
5 Annual Financial Report 2017-18 PDF 110 KB
Additional documents:
Minutes:
Kevin Miles, Chief Accountant presented the Annual Financial Report 2017/18. He said the report comprised of a narrative report by the Corporate Director – Resources, the audited Statement of Accounts and the Annual Governance Statement.
He informed Members they had already heard from the external Auditors, KMPG who reported back on their findings.
Mr Miles said the accounts were published on the Council website on the 31st May 2018 and have been open to public inspection until mid-August. He referred members to the Account’s and the pie charts on pages 3 and 4. He provided members with a summary of the accounts and referred them to the following pages:
Page 6 – the Accounting Statement
Page 7 – Movement in reserves statement
Page 9 – the balance sheet
Page 10 – the cash-flow statement
Page 51 – Members Allowances
Page 52 – Corporate Remuneration Scheme; and
Page 53 – the external audit costs
Members of the Committee asked no questions in relation to this report, as most to their questions were answered as part of the Audit training on the Annual Accounts on the 10th July 2018.
The Committee AGREED to:
1. Approve the Annual Financial Report including the Statement of Accounts for the financial year ending 31st March 2018, having regard for the auditor’s Annual Governance Report and the letter of representation.