Issue - meetings

To consider an update on the process and timetable for the approval of the 2011-12 Statement of Accounts in accordance with the Accounts and Audit (England) Regulations 2011.

The Committee considered a report on the process and timetable for the approval of the 2011-12 Statement of Accounts in accordance with the Accounts and Audit (England) Regulations 2011.

Members were required to consider and approve the accounts before 30^th September, taking into account the auditors’ findings and any consequential adjustments to the draft accounts. 

The Officers highlighted a number of issues covered in the explanatory foreword relating to abortive capital expenditure on waste PFI, increased pension liability and a number of schools achieving academy status. The outturn position would be considered fully in the report to Cabinet in July.

The draft Statement of Accounts had been made available to members of the Audit & Governance Committee and the Cabinet from 15^th June 2012 and would be presented for audit by 29^th June. The Accounts would be made available on the Cheshire East Website from 30^th June and the public inspection period would commence on 2^nd July for a period of 20 working days. 

A training/briefing session would be held in early September to address both the structure and content of the accounts together with the Annual Governance Statement (AGS) and the accompanying assurance documents. It was proposed that the training sessions be held on 3^rd  September at Westfields and on 11^th September at Macclesfield Town Hall.

The approval of the audited accounts and the AGS would take place at the Committee’s meeting on 27^th September 2012.

RESOLVED

That

(1)   the process and timetable for the approval of the 2011-12 Statement of Accounts be noted; and

(2)   Members notify Joanne Wilcox of their preferred training dates.