Decision details

The Director of Resources submitted a report informing committee of the extension to the statutory deadline for the closure of our accounts that had been made under the Accounts and Audit (amendment) Regulations 2021. It also informed committee of the benefits of closing down the accounts in a timely manner, in particular the good governance aspects, and of the timetable that would be adhered to in order to achieve the required deadlines.

The Accounts and Audit (amendment) Regulations 2021 had amended the publication deadlines for draft and final accounts from 1 June and 31 July to 1 August and 30 September for the next two accounting years, when there would be a review.

The same regulations set out detailed requirements in relation to duties and rights that have important implications for local authorities in terms of planning to ensure critical tasks are met and the approval of the accounts carried out by set deadlines. They also stipulate the various responsibilities for the closure of accounts.

The closedown timetable showed that the presentation of the audited statement of accounts would be received by this committee at its meeting on 29 September 2021 for approval.

RESOLVED THAT COMMITTEE:

Endorse the suggested approach for the closure of the 2020/21 accounts.