Decision details

The Regulations require the statement of accounts to be approved by the Council as the body responsible for governance. In accordance with CIPFA recommendations, Members agreed to set up an Audit Committee whose terms of reference include approval of the Statement of Accounts. In the first instance they are presented to Cabinet, as the body charged with the executive management of the council's budget, to make comment and recommend approval by the Audit Committee.

Relevant Overview and Scrutiny Committee: Business Support

101/2009 The Cabinet noted the revenue and capital outturns as reported in sections 4, 5, 6 and 7 of the report and approved the actions taken in producing the Statement of Accounts as set out in these sections.
102/2009 The Cabinet recommended to the Audit Committee that it approves the draft Statement of accounts for 2008/2009.

There is a statutory requirement to approve the Statement of Accounts prior to 30 June 2009.