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Final Accounts 2020/21 - Acounting Policies and Action Plan

Meeting: 23/03/2021 - Audit and Governance Committee (Item 84)

84 Final Accounts 2020/21 - Accounting Policies and Action Plan pdf icon PDF 467 KB

(Report of the Executive Director, Finance)

Minutes:

The Assistant Director Financeadvised Members of the proposed Accounting Policies for 2020/21 and provided an outline of the corporate requirements that will need to be achieved in order to produce the Council’s Annual Statement of Accounts for 2020/21.

 

RESOLVED

That

 

 

1.    The proposed Accounting Policies for 2020/21, attached as Appendix A was approved;

 

 

2.    The target of 31st May 2021 for closure of the final accounts and production of  the statement for 2020/21 was approved;

 

 

3.    staffing resources be committed to the provision of appropriate information and support in order to meet the published timescales and the Committee receive progress updates (if required);

 

4.    CMT receive a fortnightly update until completion of the audit; and

 

 

5.    The Statement be presented to the Audit & Governance Committee on 28th July 2021.

 

 

(Moved by Councillor M Summers and seconded by Councillor C Cooke)

 

The Chair thanked the Team for the hard work in getting the accounts signed off by July.