financial resiliance
Meeting: 27/09/2013 - Audit and Governance Committee (Item 20)
20 Financial Resilience - Grant Thornton Review of the Council's Arrangements 
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To receive and comment upon the Financial Resilience Report for 2012/13 prepared by the Grant Thornton, Council’s External Auditors.
Additional documents:
Minutes:
Consideration was given to the Council’s External Auditors report on the Review of the Council’s Arrangements for Securing Financial Resilience.
As part of their work to inform their Value for Money assessment, the External Auditors reviewed whether the Council had proper arrangements in place to secure financial resilience. The review considered whether the Council had robust financial systems and processes in place to manage its financial risks and opportunities and to secure a stable financial position that enabled the Council to continue to operate for a foreseeable future.
Judith Tench and Steven Nixon (Grant Thornton) were in attendance and spoke to the report, highlighting key issues.
RESOLVED
That the Financial Resilience Report for 2012/13 be received.