Report of the Group Director of Operations
The Group Director of Operations submitted a report (previously circulated) to update Members on the accounting policies to be applied in the preparation of the 2021/22 Statement of Accounts.
It was reported that the Accounting Policies, appended to the submitted report, are defined in the CIPFA Code of Practice for Local Authority Accounting in the UK 2021/21 as the ‘specific principles, bases, conventions, rules and practices applied by an authority in preparing and presenting financial statements’.
The submitted report confirmed that the majority of the Accounting Policies used in the preparation of the 2020/21 Statement of Accounts remain appropriate.
RESOLVED – That the Accounting Policies be approved for their use in the preparation of the 2021/22 financial statements.