Agenda and minutes

Accounts Committee - Monday, 11th July 2005 4.30 pm

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Contact: Gordon Bankes 01257 515122

Items
No.	Item
1.	Apologies for absence Minutes: Apologies for absence were submitted on behalf of Councillors Edgerley and Case.
2.	Declarations of any interest Members of the Committee are reminded of their responsibility to declare any personal interest in respect of matters contained in this agenda, in accordance with the provisions of the Local Government Act, 2000, the Council’s Constitution and the Members’ Code of Conduct. If the personal interest is a prejudicial interest, then the individual Member should not participate in a discussion on the matter and must withdraw from the room and not seek to influence a decision on the matter. Minutes: No members declared an interest.
3.	Minutes PDF 44 KB To confirm as a correct record the minutes of the meeting of the Accounts Committee held on 29 September 2004 (enclosed). Minutes: RESOLVED – That the minutes of the meeting of the Accounts Committee held on 29 September 2004 be confirmed as a correct record and signed by the Chairman.
4.	Accounts for 2004/05 PDF 128 KB The report of the Director of Finance, with the attached draft Annual Accounts for 2004/05, is attached. Additional documents: 110705Accounts0405 , item 4. PDF 2 MB Minutes: The Committee received the draft Annual Accounts for 2004/05, which had been prepared in accordance with the Code of Practice on Local Government Accounting to show the overall financial position of the Council. The accounts comprised: the Statement of Internal Control setting out the financial control systems in place in the Authority; the Consolidated Revenue Account which brings together expenditure and income for all the Authority’s functions; the Housing Revenue Account showing the income and expenditure involved in the management and maintenance of the Council’s Housing Stock; the Consolidated Balance Sheet setting out the assets and liabilities of the Authority; the Statement of Total Movements in Reserves which brings together recognised gains or losses and use of reserves; the Cash Flow Statement summarising the inflows and outflows of cash; and the Collection Fund Account showing transactions on the collection and distribution of Non-Domestic Rates and Council Tax. Members raised issues on the direct cost of the Council’s Direct Labour Services and the employers proposed plan of action to address the identified pension fund deficit. RESOLVED – That the Statement of Accounts for the year ended 31 March 2005, as now presented be approved under the provisions of the Accounts and Audit Regulations, 2003