Issue - meetings

The External Auditor to present a report summarising the results of the 2018/19 audit of the financial statements

RESOLVED that:

Members ACCEPTED the Audit Results Report for the year ended 31 March 2019.

The external auditors presented  the Audit Results Report Year Ended 31 March 2019 which summarised the preliminary audit conclusion in relation to the audit of Melton Borough Council for 2018/19.

During the discussion the following points were noted:

In 2017/18 a number of contracts were not included on the contracts register, this was recurring for 2018/19, the Council needs to refresh its contract register to ensure it remains accurate.

The Director for Law and Governance advised that the contracts register was discussed regularly at the Senior Leadership Team meeting

The Council has updated the statement of accounts to reflect the impact of McCloud and Guaranteed Pensions Equilisation court rulings as well as actual year-end asset valuation.

Misstatements between amounts should be recorded in the financial statements and the disclosures and amounts actually recorded are identified as ‘known’ or ‘judgemental’.  Confirmation was provided that misstatements of £0.028m, identified during the audit had been corrected by management.

There were no matters to report about arrangements to secure economy, efficiency and effectiveness in the use of resources.

RESOLVED that:

Members ACCEPTED the Audit Results Report for the year ended 31 March 2019.