Issue - meetings

This report presents the Annual Audit Letter which summarises findings from the 2012/13 audit of the Council and asks Cabinet to note the content.

Resolved:           That Cabinet notes the Annual Audit Letter 2012/13.

Reason:              It is a statutory requirement that the Annual Audit Letter is issued on completion of the audit.

Consideration was given to a report which presented Members with the Annual Letter summarising the 2012/13 audit of the City of York Council. This was the first year that Mazars had been the Council’s external auditor and, in line with the Audit Commission’s requirements, a summary of their findings were set out in the Appendix to the report.

It was confirmed that a combination of a good track record in managing expenditure and a robust planning process had enabled savings in excess of £20m to be made by the authority over the last two years.

The Cabinet Member highlighted references in the report to the strong financial standing of the Council and confirmation that appropriate arrangements were in place for securing value for money.

Resolved:           That Cabinet notes the Annual Audit Letter 2012/13.

Reason:              It is a statutory requirement that the Annual Audit Letter is issued on completion of the audit.