Agenda and minutes

Audit Committee
Thursday, 13 June 2019 7.00 pm

Venue: De Montfort Suite, Hinckley Hub

Contact: Tan Ashraf, Democratic Services Officer on 01455 255834 or email  tan.ashraf@hinckley-bosworth.gov.uk 

Items
No. Item

29.

Apologies and substitutions

Minutes:

Apologies for absence were submitted on behalf of Councillors Cook, Hollick and Smith.

30.

Minutes of previous meeting pdf icon PDF 67 KB

To confirm the minutes of the previous meeting.

Minutes:

It was moved by Councillor H Williams, seconded by Councillor Lay and

 

RESOLVED – the minutes of the meeting held on 11 April be confirmed and signed by the chairman.

31.

Declarations of interest

To receive verbally from members any disclosures which they are required to make in accordance with the Council’s code of conduct or in pursuance of Section 106 of the Local Government Finance Act 1992. This is in addition to the need for such disclosure to be also given when the relevant matter is reached on the agenda.

Minutes:

No interests were declared at this stage.

32.

Financial statements 2018/19 pdf icon PDF 227 KB

To present to the Audit Committee the draft Annual Governance Statement and Financial Statements for 2018/19 that will be subject to external audit.

Additional documents:

Minutes:

Members received the draft Annual Governance Statement and Financial Statements for 2018/19 which would be subject to internal audit. During discussion, the following points were raised:

 

·         Council house assets and cost of vacant possession

·         The current level of borrowing, particularly in relation to housing rents

·         The cost of bringing all council housing to decent homes standard and the cost of maintaining that standard

·         The importance of making stock greener – it was suggested that this should be raised as a Scrutiny Commission item.

 

It was suggested that a separate briefing session be held to go through the documents in detail before final approval at the next meeting.

 

The external auditor then reported that Ernst & Young was experiencing resourcing issues and 19 audits across councils in England would not meet the deadline for agreement of the final accounts. Members reiterated the importance of making every effort to meet the deadline.

 

RESOLVED – the documents be endorsed for consideration at the following meeting.