URL: https://democracy.ribblevalley.gov.uk/ieDecisionDetails.aspx?ID=1101

Decision Maker: Accounts and Audit

Outcome:

Is Key Decision?: No

Is Callable In?: No

Purpose:

Content: The Director of Resources and Deputy Chief Executive submitted a report asking Committee to formally approve the Statement of Accounts for 2023/24 subject to completion of the audit.   The Head of Financial Services reminded Members that their role in approving the Statement of Accounts, following the conclusion of the audit, was to demonstrate their ownership of the statements, their confidence in the Director of Resources and Deputy Chief Executive (Section 151 Officer) and the process by which accounting records were maintained and the statements prepared.   He reported that: ·         The draft Statement of Accounts (subject to Audit) had been made available on the Council’s website on 5 June 2024. ·         At year end, the Council had added £1,969,808 to earmarked reserves for revenue purposes, rather than the forecast of £1,590,127, the main reasons for which were explained in the report. ·         After allowing for capital transactions of taking £1,031,385 from earmarked reserves, the overall net movement added to earmarked reserves was £938,423. ·         The Collection Fund showed an overall net surplus of £1.831m.   The final outturn on the general fund revenue account was a surplus of £176,686 rather than the £4,990 surplus forecast at the revised estimate.   RESOLVED THAT COMMITTEE:   1.    Approved the audited Statement of Accounts for 2023/24.   2.    Delegated to the Director of Resources & Deputy Chief Executive in consultation with the Chairman, approval of any non-material amendments to the Statement of Accounts.  

Date of Decision: November 20, 2024