Agenda and draft minutes

Accounts and Governance Committee - Wednesday, 11th August, 2021 6.45 pm

Venue: Council Chamber, Town Hall, Penrith. View directions

Contact: Members Services 

Items
No. Item

AGc/13/08/21

Apologies for Absence

Minutes:

An apology for absence was received from Councillor Wicks, Councillor Meadowcroft attending as substitute.

AGc/14/08/21

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.

 

Minutes:

There were no declarations of interest received at this meeting.

AGc/15/08/21

Minutes of Previous Meeting

To sign the minutes AGc/1/07/21 to AGc/12/07/21 of the meeting of this Committee held on 7 July 2021 as a correct record of proceedings.

Minutes:

 

RESOLVED that public minutes AGc/1/07/21 to AGc/12/07/21 of the meeting of this Committee held on 7 July 2021 be confirmed and signed by the Chairman as a correct record of those proceedings.

AGc/16/08/21

Questions and Representations from Members of the Public

To receive questions and representations from the public under Rules 10 and 11 of the Council Procedure Rules of the Constitution.

Minutes:

No questions or representations were received from the public under Rules 10 and 11 of the Council Procedure Rules of the Constitution.

 

AGc/17/08/21

Questions and Representations from Members

To receive questions and representations from Members under Rules 11 and 12 of the Council Procedure Rules of the Constitution.

Minutes:

No questions were received from Members under Rules 11 and 12 of the Constitution.

AGc/18/08/21

Statement of Accounts Audit 2019/20 pdf icon PDF 228 KB

To consider the attached report F32/21 of the Interim Director of Resources, which sets out the audited accounts for 2019/20, the Annual Governance Statement, the Letter of Representation and the ISA260 Audit Findings Report from the External Auditor, Grant Thornton.                  (Appendices A, B and D to the report to follow)

Additional documents:

Minutes:

Members considered report F32/21 of the Interim Director of Resources which set out the audited accounts for 2019/20, the Annual Governance Statement, the Letter of Representation and the ISA260 Audit Findings report from the External Auditor, Grant Thornton.

 

Gareth Kelly, Engagement Lead, on behalf of Grant Thornton, presented the Audit Findings report, Appendix A to the report. He emphasised that their audit report opinion is unqualified and unmodified but included an emphasis of matter paragraph, highlighting land, building and dwellings valuation material uncertainties in respect of the Council’s own assets and the Council’s share of the Cumbria Local Government Scheme’s direct property investments and investments in unquoted property funds. He emphasised that this did not affect their opinion that the statements give a true and fair view of the Council’s financial position and its income and expenditure for the year. A paragraph had been added to their audit report to emphasise these matters, which they considered were fundamental to a readers' understanding of the financial statements. He further added that the added paragraph was a standard emphasis in the context of Covid-19. Their conclusion was that they had substantially completed their audit of the Council’s financial statements and subject to outstanding queries, as set out in their findings, being resolved, they anticipated issuing an unqualified audit opinion following this meeting.

 

Gareth Kelly requested his appreciation of the assistance of the Interim Director of Resources and his team whilst carrying out the audit be recorded.

 

Councillor Eyles proposed

Councillor McCall seconded

 

and RESOLVED that

 

a)            the External Auditor’s Audit Findings Report 2019/20 (Appendix A) is noted;

 

b)            the Letter of Representation (Appendix B) is approved and the Chairman is authorised to sign on behalf of the Council;

 

c)            the Annual Governance Statement (Appendix C) is approved; and

 

d)            the audited accounts (Appendix D) are approved and the Chairman is authorised to sign on behalf of the Council.

AGc/19/08/21

Any Other Items Which the Chairman Decides are Urgent

Minutes:

There were no urgent items of business.  

AGc/20/08/21

Date of Next Scheduled Meeting

The next scheduled meeting of this Committee be confirmed as 9 September 2021.

Minutes:

The date of the next scheduled meeting of the Committee was confirmed as 9 September 2021.