Agenda item

To consider a report on the audits of the 2018-19 Annual Accounts for Orbitas, Transport Service Solutions, ANSA, Civicance, Skills and Growth Company and Engine of the North.

The Committee considered a report on the audits of the 2018-19 Annual Accounts for Orbitas, Transport Service Solutions, ANSA, Civicance, Skills and Growth Company and Engine of the North.

The companies’ appointed auditors, Grant Thornton, had attended the respective company Board meetings in October/November 2019 to report their findings direct to the company Directors. A summary of their findings was set out at Appendix A to the report.

With regard to ANSA, the Committee expressed concern that a tripartite agreement had still not been put in place.

The Committee noted the audit findings in relation to the retention of signed resignation letters. It also felt that every company should have a formal letter in place to agree the management fee with the Council.

RESOLVED

That

1.    the audit findings reports for each Council-owned company for the year ending 31 March 2019 be received and the recommendations therein be supported; and

2.    the officers involved with the audit be thanked.