Decision details

The Director of Resources and Deputy Chief Executive submitted a report seeking endorsement of the Accounting Policies to be used in producing the Financial Statements for the Council for the 2023/24 financial year.

It was noted that no major changes to the CIPFA Code of Practice on Local Authority Accounting in the United Kingdom (The Code) had been identified, therefore, no material changes to the policies had been made. Members were informed that the policies in the report may be subject to further changes should any be needed whilst the financial statements were being prepared. Such changes would be reported to Committee with an explanation of the impact when the financial statements are presented.

RESOLVED THAT COMMITTEE:

Endorse the use of the policies shown at Annex 1 to the report, subject to the need for any further changes identified as needed whilst the Statement of Accounts are produced.