ModGov Infozone - Click to go to Tamworth Borough Council website

Agenda and minutes

Audit and Governance Committee - Wednesday, 20th March, 2024 6.00 pm

Venue: Town Hall, Market Street, Tamworth. View directions

Contact: Democratic Services  01827 709264

Media

Items
No. Item

58.

Apologies for Absence

Minutes:

There were no apologies for absence

59.

Minutes of the Previous Meeting pdf icon PDF 89 KB

Minutes:

The minutes of the meeting held on 8th February 2024 were approved and signed as a correct record.

 

(Moved by Councillor B Clarke and seconded by Councillor P Thurgood)

 

60.

Declarations of Interest

To receive any declarations of Members’ interests (pecuniary and non-pecuniary) in any matters which are to be considered at this meeting.

 

When Members are declaring a pecuniary or non-pecuniary interest in respect of which they have dispensation, they should specify the nature of such interest.  Members should leave the room if they have a pecuniary or non-pecuniary interest in respect of which they do not have a dispensation. 

 

 

Minutes:

There were no declarations of Interest.

61.

Update from External Auditors

(Verbal Update from the External Auditors, Azets)

Minutes:

The external auditor from Azets gave a verbal update on interim work carried out. A formal update paper will be presented at the next Audit & Governance  committee

 

There has been two weeks of interim work on site and the Auditor thanked Jo Goodfellow and team for the help with the planned work that was achieved.   

 

Updates

·         Started process of Housing Benefit work

·         Introductions made with the Council’s Valuers

·         Work started with regards to Value for Money (VFM)   

62.

Internal Audit Plan and Charter 2024/25 pdf icon PDF 61 KB

(Report of the Audit Manager)

Additional documents:

Minutes:

Report of the Audit Manager for the Audit & Governance Committee to comment on and endorse the 2024/25 proposed internal audit plan (Appendix 1), audit charter (Appendix 2) and note the updated Global Internal Audit Standards (Appendix 3 & Appendix 4).

 

 

Resolved

that the  Committee

 

 

1.

endorsed the 2024/25 proposed draft internal audit plan (Appendix 1) and audit charter (Appendix 2)

 

 

2.

Noted the updated Global Internal Audit Standards for implementation by January 2025 (Appendix 3) and the effects on Public Sector organisations (Appendix 4)

 

 

 

(Moved by Councillor B Clarke and seconded by Councillor P Thurgood)

 

 

 

63.

FINAL ACCOUNTS 2023/24 – ACCOUNTING POLICIES AND ACTION PLAN pdf icon PDF 258 KB

(Report of the Assistant Director, Finance)

Minutes:

Report of the Assistant Director Finance 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 2023/24 (including deadlines but not including detailed responsibilities) and to obtain corporate commitment to the action plan.

 

 

Resolved

that the committee approved:

 

 

1.

the proposed Accounting Policies for 2023/24, attached as Appendix A

 

 

2.

should any changes to the accounting policies be required as a result of the recently announced CIPFA/LASAAC consultation, authority was delegated to the Executive Director Finance in consultation with the Chair of Audit & Governance Committee to amend these as required;

 

 

3.

the target of 31st May 2024 for closure of the final accounts and production of the statement for 2023/24

 

 

4.

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);

 

 

5.

 CMT receive a fortnightly update until completion of the audit

 

 

6.

the Statement be presented to the Audit & Governance Committee before the end of September 2024.

 

 

 

(Moved by Councillor S Doyle and seconded by Councillor B Clarke)

 

 

 

64.

Audit and Governance Committee Timetable pdf icon PDF 105 KB

(Discussion Item)

 

A Private Meeting of the Internal and External Auditors and Committee Members will Follow this Meeting

Minutes:

The Committee reviewed the timetable and there were no changes