Issue - meetings

The report of the Borough Treasurer & Head of Assets summarises the Audit Commission findings from the 2009-10 audit.

The Committee is asked toreceive and comment on the Annual Audit Letter for 2009-10.

Representatives from the Audit Commission will be attendance.

The Committee considered a report summarising the Audit Commission findings from the 2009-10 audit, which comprised two elements: the audit of the Council’s financial statements and an assessment of the Council’s arrangements to achieve value for money in the use of resources.  The report also identified current and future challenges, and future audit arrangements.

Andrea Castling and Ivan Parkhill (Audit Commission) were in attendance and spoke to the report, highlighting key issues.

The Committee noted that the report was a retrospective look at 2009-10, and that there had subsequently been significant improvements.  In addition, the section outlining current and future challenges was now out of date, following the Local Government Finance settlement.

RESOLVED:

That the Annual Audit Letter for 2009-10 be received.