Issue - decisions
The Statement of Accounts
30/06/2008 - Statement of Accounts 2007/08
Members received a report which invited them to review and comment upon the Council’s financial accounts for the financial year 2007/08 before submitting them for approval by Full Council on the 30th June.
Audit & Governance Committee had already considered and commented on the accounts. A revised copy of the accounts, with supplementary sheets, setting out the proposed changes had been circulated following Audit & Governance Committee.
Members expressed the view that the Annual Governance Statement should be a separate document from the Statement of Accounts in future.
RECOMMENDED:That the Statement of Accounts be approved by Full Council.1
REASON: Under the current constitution Full Council must approve the Statement of Accounts. It is a statutory requirement that this approval must be made no later than 30th June.