Agenda item
Approval of Statement of Accounts 2021/22 and 2022/23
Minutes:
Carolyn Haynes (Acting Head of Finance) introduced the report and highlighted the following points:
a)
The changes to the accounts reflected changes which
had been put through in relation to previous audit findings for
2019/20 and 2021 accounts;
b)
Changes had also been made to reflect the change in
accounting treatment of the pension transaction in 2019/20, to move
it from being a Capital Transaction to a Revenue
Transaction;
c)
There was a negative working fund balance, however
this would be resolved when the Capitalisation Directive was
received;
d)
Associated Minimum Revenue Provision and Associate
Reserve Movements had been removed in relation to the pension
transaction;
e)
Changes had been made for the accounting treatment
of the interest rate swap which was previously treated as a hedge
transaction;
f)
Amendments had been made to the notes on Heritage
Assets to include items below £100,000 and the special books
collections;
g) Corrections had been made to Property Plant and Equipment, arising from making annual depreciations charges on material assets values as at the 31 March.
The Chair reiterated:
h)
The Committee’s
frustration at the lateness of the reports;
i)
That Committee members had not had appropriate time
to consider the reports;
j)
He was putting the recommendations forward with
reservations, but was reassured by officers.
The
Committee agreed:
1. To approve the Statement of Accounts for 2021/22 attached as Appendix A and the Statement of Accounts for 2022/23 attached as Appendix B. This was a Statutory Requirement, the Account and Audit Regulation 2015 required the accounts to be:
i) Considered by Committee;
ii) Approved by Committee resolution;
iii) Signed and dated by the person presiding at the
Committee;
2.
To delegate authority to the Section 151 Officer in
consultation with the Chair of Audit and Governance Committee to
sign the letters of representation to Grant Thornton LLP for the
Council and to sign the accounts;
3.
To note the amendments to the 2021/22 and 2022/23
accounts and that they would not be subject to an external audit
but would instead be subject to the provision of the backstop
legislation and were anticipated to be finalised before 13 December
2024;
4.
To consider the contents of the Audit Opinions for
the Council (Appendices C and D); and
5. The Letters of Representation attached as Appendix E & F were authorised and submitted to the Auditor.
Supporting documents:
- Restricted enclosure
-
Statement of Accounts Final 2021-22 and 2022-23, item 58.
PDF 194 KB
-
Appendix A - 2021_22 Statement of Accounts - FINAL, item 58.
PDF 3 MB
-
Appendix B - 2022_23 Statement of Accounts - FINAL, item 58.
PDF 2 MB
-
Appendix C - 2021-22 Disclaimer of opinion due to Backstop - Plymouth CC, item 58.
PDF 126 KB
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Appendix D - 2022-23 - Disclaimer of opinion due to backstop - Plymouth CC, item 58.
PDF 132 KB
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Appendix E -Local government letter of representation - backstop 2021-22 - Plymouth CC, item 58.
PDF 80 KB
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Appendix F - Local government letter of representation - backstop 2022-23 - Plymouth CC, item 58.
PDF 70 KB