Issue - meetings

The Committee considered a report of the Assistant Director of Finance and Accountancy to receive and approve the draft Statement of Accounts in relation to the Borough Council of Wellingborough for 2020-2021.

The Assistant Director of Finance and Accountancy presented the report and explained the key areas and points in the draft Statement of Accounts.

Arising from consideration of the report and discussion, the following principal points were made:-

i)             Going forward, the Committee would like to receive a clearer narrative in this type of key document, and if possible to summarise and distil into a few pages of summary, explaining e.g. where income comes from, how it is spent and utilised, with any risks easily identifiable; to make it easier for the reader to identify key points. This would also assist the Committee in discharging their duties. The narrative report could be the main area of focus and could also be easier for members of the public to understand and relate to.

RESOLVED:-

(i)        The Audit and Governance Committee approved the draft Statement of Accounts for the financial year 2020-2021 for the Borough Council of Wellingborough, subject to the conclusion of the audit and that there are no material adjustments that impact on the Council’s usable reserves;

(ii)       Any non-material adjustments required to the draft Statement of Accounts in relation to the Borough Council of Wellingborough be delegated to the Councils Executive Director of Finance (s151 Officer), in consultation with the Chair of the Audit & Governance Committee.