Issue - meetings

Decision:

That the report be noted.

Audit Wales went on to inform the committee of the positive report to the audited statement of accounts.

Members were informed, the draft accounts had been received at the end of May 2023, and were now complete.

Areas that were brought to the Committees attention were, set out in appendix 2 of the circulated pack.

Within paragraph 11, there had been no uncorrected misstatements in the accounts, however within paragraph 12 there were noted misstatements of accounts, which were now corrected in the final version of the statement.

A presentational issued was also noted, but this had no impact on the Councils net expenditure position. Further details could be found in appendix 3.

The Chair went on to say it was pleasing to receive an unqualified report during this time of hardship.

Members raised comments to the summary of corrections and gain an understanding as to why these were changed. Audit Wales responded by stating that internal recharges had wrongly been included within the statement of accounts. Impairment losses had also been miscoded, along with a misclassification of income. All of which had no effect on the bottom line and were considered minor adjustments.

The Chair went on to confirm their electronic signature was ready to be appended to both the letter of representation and the statement of accounts.

Decision:

That the report be noted.