Issue - meetings

To review and agree the Accounting Policies for inclusion in the Financial Statements 2022/23 (report of the Deputy Chief Executive – Corporate Development (S151) enclosed).

Consideration was given to the report of the Deputy Chief Executive – Corporate Development (S151) to review and agree the Accounting Policies for inclusion in the Financial Statements 2022/23.

The Deputy Chief Finance Officer (PSPS) introduced the report by stating the following main points:

• that CIPFA’s Code of Practice on Local Authority Accounting 2022/23 had remained unchanged;
• the Accounting Policies 2022/23 were outlined at Appendix A;
• following the issue raised regarding Group accounts, the appropriate accounting policy would be amended, and the accounts reviewed against the Link accounting policy template; and
• the deadline for the draft unaudited financial statements 2022/23 had reverted to 31 May 2023, where in recent years this had been the end of July. The draft unaudited financial statements were therefore expected to come forward to the Committee from June 2023.

Members requested that the Committee be made aware of any variance after the receipt of templates from Link Asset Services.

AGREED:

That following review by the Governance and Audit Committee, the Accounting Policies for 2022/23 at Appendix A be agreed.