Venue: Port Talbot Civic Centre, Committee Rooms 1/2
Contact: Nicola Headon
No. | Item |
---|---|
Audit of Financial Statements Report 2017/2018 PDF 112 KB Additional documents: Minutes: Members received an update on
the Audit of Financial Statements Report 2017-2018. RESOLVED: that
the report be noted. |
|
Statement of Accounts 2017/2018 Minutes: Members received an
overview of Statement of Accounts 2017/18, following the completion of the
external Audit. The Head of Financial Services
thanked Officers and WAO, for the hard work put in to preparing the accounts
and for enabling early closure. Also, Members thanked all Officers involved for
the work that had gone into meeting these deadlines and thanked Wales Audit
Office for their continued support. The Chairperson signed the
letter of Representations regarding the 2017-18 financial statements, this will
be sent to the Auditor General for Wales. RESOLVED: that
the report be noted, also: Letter of Representation,
included as Addendum 1
of the circulated report, be approved. The final 2017/18 Statement
of Accounts, as included in Addendum 2 of the circulated report, be approved; The Chair of the Audit
Committee signed the Letter of
Representation and the Statement of Accounts; Officers tasked to continue
to work with WAO to improve arrangements for future years both locally
and to inform the wider roll out of the early closure pilots. |
|
Risk Management Minutes: Members
received an overview and presentation on Risk Management. It
was highlighted that Risk Registers would go back to Cabinet every six months,
Members raised concern and suggested that it should be every three months. The Head of Financial Services will take this
back to the Director of Finance and Corporate Services and update Members at
the next meeting. It
was noted that the form of dates shown on the register should be changed into a
different format. It
was also noted that a full copy of both risk registers will be brought back to
the next Audit Committee, hard copies will be sent out two weeks before next
Committee date. |