6 Audited Statement of Accounts 2022/23 PDF 159 KB
Additional documents:
Decision:
Decision:
·
That the Letter
of representation, included in Appendix 1 of the circulated report, be
approved.
·
That the final
2022/23 Statement of Accounts, included in Appendix 2 of the circulated report,
be approved.
·
That the Annual
Governance Statement, included in Appendix 3 of the circulated report, be
approved.
·
That the Chair of
Governance and Audit Committee be authorised to provide their electronic
signature for both the Letter of Representation and the Statement of Accounts.
Minutes:
Officers went on to provide a summary of the audited
Statement of accounts. Chair raised point to the use of acronyms being used
within the report.
Members were informed the audited statement of
account was one that was provided following completion of the annual audit. The
accounts are prepared in line with legislation and were provided to Audit Wales
on the 26th May 2023 for commencement, with the draft commended to
Committee in June 2023.
It was further mentioned, that it was pleasing to
receive an unqualified audit opinion.
The annual governance statement was also presented
to the Committee.
The Chair raised queries surrounding 6 assets lists
within the report and asked for clarity. Officers stated 1.8 million pound
formed the former burrows yard site, Bryndulais Avenue
depot, Seven Sisters, Canolfan Sheltered Housing,
land at North Rhondda South Pit Glyncorrwg, part of
the Goytre Cycleway and land at Heol Y Croes
Cwmavon,
Officers confirmed that any assets held for sale are
valued each year.
Members went on to raise a query surrounding unusable
reserves and the sharp increase noted. Officers stated, it was particularly due
to pension schemes, part of which were used within the reserves and the other
was liability. Members were told, a valuable had been undertaken in 2020, and
further carried out every three years. Factored which attributed to the
increase, included inflation and mortality.
Decision:
· That the Letter of representation, included in
Appendix 1 of the circulated report, be approved.
· That the final 2022/23 Statement of Accounts, included
in Appendix 2 of the circulated report, be approved.
· That the Annual Governance Statement, included in
Appendix 3 of the circulated report, be approved.
· That the Chair of Governance and Audit Committee be
authorised to provide their electronic signature for both the Letter of
Representation and the Statement of Accounts.