Issue - meetings

2018/19 ANNUAL AUDIT LETTER

Meeting: 30/10/2019 - Accounts and Audit Committee (Item 28)

28 2018/19 ANNUAL AUDIT LETTER pdf icon PDF 732 KB

To receive a paper from the Council’s External Auditor.

Minutes:

Ms. K. Murray (Mazars) was in attendance to introduce and draw Members’ attention to key features of the Annual Audit Letter for Trafford Council for the year ending 31st March 2019. An opportunity was provided for Members to raise queries on the Letter’s content. These concentrated on the publication of the Local Authority Financial Resilience Index. Officers explained that this would be published in the next couple of weeks. Members queried whether there had been significant differences of data in the last four years with regard to the risk associated with the Valuation of Property, Plant and Equipment. Auditors explained that Trafford’s accounts included a yearly revaluation of assets; the issue addressed this year was to ensure that the correct information was utilised to establish property values. The Committee also sought and received clarification with regard to Council’s use of reserves and the importance of delivering saving plans.

 

The Committee requested to view the Local Authority Financial Resilience Index as soon as this was complete.

 

RESOLVED – That the content of the Annual Audit Letter for the year endng 31st March 2019 be noted.