Agenda item

Report of the Managing Director

The Managing Director submitted a report (previously circulated) together with a report (also previously circulated) produced by Ernst and Young (EY), which summarised the high level results of its grants certification testing.

It was reported that the external audit work undertaken had identified that the claim certified, worth a net total of £36,173,967, required a qualification letter, although no amendment was made to the claim.

In addition, it was reported that Ernst and Young had also audited two claims that fell outside of the Public Sector Audit Appointments arrangements, in relation to Teachers’ Pension and the Housing Pooling return, and that no significant issues from either of those claims had been identified.

RESOLVED – That the report be noted.