Issue - meetings

To consider a report of the Deputy Chief Executive and Section 151 Officer.

The report provides Members with the detail of the Annual Accounts 2020/21.

The Audit Committee is asked to:

·           Consider the Council’s 2020/21 Statement of Accounts; and, either

Where the outstanding work in relation to the Greater Manchester Pension Fund is completed

·           Approve the Council’s 2020/21 Statement of Accounts and minute the approval and signing of the Statement of Accounts and Management Letter of Representation (Appendix Two),

or

Where the outstanding work in relation to the Greater Manchester Pension Fund is not completed

·           In the event of no material changes as a result of the outstanding audit work, delegate the approval of the 2020/21 Statement Accounts to the Deputy Chief Executive (Section 151 Officer) in consultation with the Chair of the Audit Committee on receipt of advice from the External Auditor.  

Officer contact: Michael Cullen on 474 4631 or email: michael.cullen@stockport.gov.uk

The Deputy Chief Executive and Section 151 Officer submitted a report (copies of which had been circulated) which provided Members with the detail of the Annual Accounts 2020/21.

The following questions were made/issues raised:

·         In response to a question from the Chair relating to missing data from a pie chart regarding the age profile of the population in Stockport, Members were assured that this would be corrected before final publication of the accounts.

·         Members commented that the whole of the introductory text was very clear and well presented.

·         Members noted the volatility in relation to valuations and the reasons behind this.

·         Members of Audit Committee wished to record their thanks to all staff involved in production of the Annual Accounts.

RESOLVED – (i) That the report be noted.

(ii) That where the outstanding work in relation to the Greater Manchester Pension Fund is not completed, in the event of no material changes as a result of the outstanding audit work, the approval of the 2020/21 Statement of Accounts be delegated to the Deputy Chief Executive (section 151 Officer) in consultation with the Chair of Audit Committee on receipt of advice from the External Auditor.