Issue - meetings

To consider the Statement of Accounts for the 2017/18 Financial Year.

RESOLVED that the Statement of Accounts for the year ended 31 March 2018 be approved.

Councillor T. Schofield, Executive Member for Finance, reported on the Statement of Accounts for the financial year 2017/18 that had been prepared, audited and presented to the Executive as part of the Annual Financial Report. It was explained that a copy of the Annual Financial Report, incorporating the Statement, had been published in full via an addendum to the agenda.

It was noted that the foreword to the Statement of Accounts for 2017/18 provided a summary of the year’s activity and explained how the Council had funded this activity. The Executive Member for Finance emphasised that the balance on the General Fund, and on other reserves, remained healthy. It was noted that this was the result of careful financial management against a backdrop of challenging economic conditions.

Councillor Schofield thanked the Member Panel for reviewing the Statements and Officers for their time and effort in preparing the Accounts.      

RESOLVED that the Statement of Accounts for the year ended 31 March 2018 be approved.

Reasons for decision: The Code of Practice of Local Government Accounting recommends that the Statement of Accounts should be endorsed by the body within the Council that is responsible for overall corporate governance. Under the Council’s Constitution this function has been delegated to the Executive.

Alternative options: None.