Agenda

Accounts and Governance Committee - Thursday, 15th December, 2022 6.45 pm, NEW

Venue: The Council Chamber, Town Hall, Corney Place, Penrith, CA11 7QF

Contact: Democratic Services 

Items
No. Item

1.

Apologies for Absence

2.

Minutes of Previous Meeting pdf icon PDF 209 KB

To sign the minutes AGc/18/10/22 to AGc/25/10/22 of the meeting of this Committee held on Thursday, 29th September 2022 as a correct record of those proceedings (copies previously circulated).

3.

Declarations of Interest

To receive declarations of the existence and nature of any private interests, both disclosable pecuniary and any other registrable interests, in any matter to be considered or being considered.

 

4.

External Audit Update pdf icon PDF 7 MB

To consider report no: DoR96/22 of the Assistant Director Finance, which receives the External Auditors (Grant Thornton) Audit Plan for their audit of

the 2021/22 accounts.

 

RECOMMENDATION:

 

It is recommended that the Accounts and Governance Committee note the report.

 

 

5.

Annual Governance Statement and Local Code of Governance 2021/2022 pdf icon PDF 2 MB

To consider report no: DoR83/22 of the Assistant Director Finance, which sets out the detail supporting the Council’s Annual Governance Statement (AGS) and Local Code of Governance (Local Code). Members are asked to confirm that the AGS and Local Code fairly reflects the corporate governance arrangements in place at the Council.

 

RECOMMENDATION:

 

It is recommended that Accounts and Governance Committee propose any amendments and endorse:

 

1.     the AGS for 2021/22, as presented at Appendix A

2.     the Local Code of Governance for 2022/23, as presented at Appendix B; and

3.     the Action Plan 2022/23, as presented at Appendix C.

6.

Informing the Audit Risk Assessment pdf icon PDF 296 KB

To consider report no: DoR97/22 of the Assistant Director Finance, which seeks to provide the External Auditors, Grant Thornton, with assurance that the Management Responses to the Audit Risk Assessment Document in Appendix A are a true and fair representation.

 

RECOMMENDATION:

 

It is recommended that the Accounts and Governance Committee approve the management responses included in Appendix 1 as being consistent with their understanding, and make any further comments to the auditors in relation to the report.

7.

Internal Audit: Summary Progress Report 2022/2023 pdf icon PDF 2 MB

To consider report no: DoR95/22 of the Assistant Director Finance, which seeks to inform the Committee of the progress of the Council’s internal audit plan for 2022-23.

 

RECOMMENDATION:

 

It is recommended that the Accounts and Governance Committee:

 

1.     Note the report and the Summary Internal Controls Assurance Report 2022/23 at Appendix 1.

 

2.     Note the finalised reports at Appendix 2 and Follow-up Report at Appendix 3.

8.

Treasury Management Strategy and Plan 2022/2023 - Six-monthly Review pdf icon PDF 672 KB

To consider report no: DoR89/22 of the Assistant Director Finance, which seeks to provide Members with a half-yearly report on the Strategy and Plan for Treasury Management during the financial year 2022/2023.

 

RECOMMENDATION:

 

It is recommended that the Accounts and Governance Committee:

 

1.     Note the report; and

 

2.     Endorse the decision to amend the upper limit for long-term investments to £8000k in Section 10.1 of the Treasury Management Strategy and Plan 2022/23, as set out in Section 3.4 of this report, and recommend to Council.

9.

Work Programme 2022/2023 pdf icon PDF 316 KB

To consider report no: DoR84/22 of the Assistant Director Finance, which sets out the work programme for the Accounts and Governance Committee.

 

RECOMMENDATION:

 

It is recommended that the Accounts and Governance Committee approve the Work Programme as set out at Appendix 1.

10.

Any Other Items Which the Chair Decides are Urgent

11.

Date of Next Scheduled Meeting

To confirm the date of the next scheduled meeting of the Accounts and Governance Committee as Thursday, 9th February 2023.