Agenda item

The Committee considered a report of the Director of Corporate Resources which presented the 2009/10 Statement of Accounts for approval and informed the Committee of the key issues within the Accounts.  A copy of the report marked ‘B’ is filed with these minutes.

A supplementary report containing a number of pages which had been revised following an update in the figures supplied for the Collection Fund Adjustment Account was tabled at the meeting.  A copy of this report is also filed with these minutes.

It was noted that the deficit on the Income and Expenditure Account was mainly as a result of the impairment of fixed assets arising from the downturn in the value of land and buildings.

RESOLVED:

That the Statement of Accounts for 2009/10 be approved, subject to the Director of Corporate Resources being authorised to make such amendments which are not of a material nature as he considers appropriate following further discussions with the External Auditor.