Agenda item

Report of the Managing Director

The Managing Director submitted a report (previously circulated) updating Members on the accounting policies to be applied in the preparation of the 2019/20 Statement of Accounts.

It was reported that the proposed accounting policies, defined within the Code of Practice, were in line with those used in the preparation of the 2018/19 accounts.

Reference was also made to the role of this Committee in specifically considering whether the accounting policies had been followed and whether there were any concerns arising from the financial statements or from the audit that needed to be brought to the attention of the Council.

The full list of accounting policies the Council proposed to disclose in its Statement of Accounts notes were detailed in the submitted report.

RESOLVED – That the accounting policies be noted and approved for use in the preparation of the 2019/20 financial statements.