Agenda item

Financial Statements 2017/18

To receive the Financial Statements 2017/18.

Minutes:

Jonathan Ross, the Senior Specialist –Finance took the Committee through the Financial Statements 2017/18.

 

During the discussion of this item the following points were made:

 

·         The draft financial statements for 2017/18 had been issued by the Chief Financial Officer on 31 May 2018 and had previously been circulated to the Audit Committee.  With the external auditors’ work continuing, changes had been made which had been highlighted to the Members.  Further changes to the draft statements were likely until the end of the audit.  

·         The Financial Statements were consistent with the Outturn Report produced in May.

·         Members were informed that the General Fund position remained unchanged.

·         The Committee agreed that the Chairman would sign the accounts once they had been fully finalised.  The Deputy S151 Officer would make any further necessary amendments that might arise prior to this and inform Members of the Committee of any changes.

 

RESOLVED:  That the Financial Statement 2017/18 and letter of representation be approved subject to authority being given the Deputy S151 Officer to make any further necessary amendments in consultation with members of the Audit Committee.

Supporting documents: