Issue - meetings
Item Title
Meeting: 05/09/2011 - Governance and Audit Committee (Item 7)
Financial Statements 2010-11 (GA2218)
Additional documents:
- Financial statements Covering Report, item 7
PDF 58 KB
- Appendix A - EIA for financial statements, item 7
PDF 49 KB
- Appendix B Financial Statements, item 7
PDF 1 MB
Minutes:
(Councillor Jeff Beck declared a personal interest in this item by virtue of the fact that he was a Member of Newbury Town Council, he was a Trustee of the Corn Exchange and a Director of Readibus. As his interest was personal and not prejudicial he remained in the meeting, took part in the debate and voted on the matter).
(Councillor Julian Swift–Hook declared a personal interest in this item by virtue of the fact that he was a Member of Newbury Town Council and Greenham Parish Council, and was Chairman of West Berkshire Mencap. As his interest was personal and not prejudicial he remained in the meeting, took part in the debate and voted on the matter).
The Committee considered a report (Agenda Item 5) in relation to the Council’s Financial Statements for 2010/11. The Council’s draft financial statements were published in late June 2011 following sign off from the Head of Finance and Section 151 Officer. The financial statements were then required to be audited by the Council’s independent external auditor (KPMG) (Minute 6 refers).
The Council had made a number of amendments based on recommendations from KPMG. KPMG had therefore provided an unqualified opinion on the financial statements as well as concluding that the Council had made proper arrangements to secure economy, efficiency and effectiveness in its use of resources.
RESOLVED: That the report be noted and the Council’s finance officers thanked for all their hard work in drafting the financial statements.