Statement of Accounts 2010-11
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
A report of the Director of Finance noted that the Council’s Constitution allocated responsibility for the approval of the Statement of Accounts to the Audit and Risk Management Committee. The Statement for 2010/11 had been published on 4 July 2011 and was then subject to audit. The District Auditor had presented her findings within the Annual Governance Report (AGR) together with additional updates to the Audit and Risk Management Committee on 28 September 2011.
The Statement of Accounts included the Merseyside Pension Fund (MPF) accounts as the Council was the Administering Authority for MPF. As MPF received a separate Annual Governance Report this had been considered by the Pensions Committee on 19 September 2011 and the Audit and Risk Management Committee on 28 September 2011 as part of approving the Accounts.
It was noted that there had been some technical alterations made to the Statement of Accounts which had meant that the Council had only just managed to meet the timescale laid down for submission. It was also noted that this year, for the first time, the accounts had been prepared in accordance with national reporting standards and this had been a learning curve. Next year, with this experience behind them, officers would be in a better position to carry out the work required and meet the deadline. The District Auditor had commented on resources required to close accounts and the Council would be acting on this advice and may put additional resources in to ensure future deadlines were met.
That the Statement of Accounts for 2010/11 and the Annual Governance Report be noted.
Report author: Tom Sault
Publication date: 19/10/2011
Date of decision: 13/10/2011
Decided at meeting: 13/10/2011 - Cabinet
Effective from: 27/10/2011