Issue - meetings

To present to the Audit Committee the draft Financial Statement 2019/20 that will be subject to external audit.

Councillor Lynch entered the meeting at 6.50pm.

Members were presented with the draft Financial Statement for 2019/20 that would be subject to external audit.  It was explained that the annual governance statement was being finalised and it would be assumed that there would be no material changes in the balance sheet. The final statement would be as expected throughout the forecast for the year.

It was highlighted that the potential impact of Covid-19 for future financial years on issues including pensions, business rates and fixed assets could not be quantified yet. In response to a question from a member, it was noted that the impact of Brexit would also be included in the contingent liabilities as it could place significant pressure on the Council as well.

It was moved by Councillor Cook, seconded by Councillor Pendlebury and unanimously

                        RESOLVED - 

                        (i)        the draft financial statement report be noted;

                        (ii)        final draft approval to be delegated to the Audit Committee Chair once it had been shared with the committee members