Issue - meetings
The Statement of Accounts
Meeting: 30/06/2008 - Executive - for meetings from 03/06/00 to 26/04/11 (Item 27)
27 Statement of Accounts 2007/08 
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This report invites Members 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.
Note: A copy of the draft Statement of Accounts will be circulated to all Members once it becomes available. At this stage, that is likely to be on Thursday, 26 June.
Minutes:
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.