The annual statement of accounts is a statutory summary of the Council’s financial affairs for the financial year and is prepared in accordance with the Code of Practice on Local Authority Accounting in the United Kingdom.
The purpose of the statement of accounts is to give clear information on the overall finances of the Council and to demonstrate the council’s stewardship of public money for the year.
Draft accounts must be produced and authorised for issue by the Council’s Director of Finance and IT by 30 June each year. Independent auditors review the statement of accounts and report annually whether they present a true and fair view of the expenditure and income and year-end financial position of the Council.
The auditors also look at the quality of our services, whether money is spent economically and efficiently and at our performance. This is reported in the annual audit and inspection letter.