Agenda and minutes

Audit Committee
Wednesday, 8th September, 2021 6.00 pm

Venue: Council Chamber - Town Hall. View directions

Contact: Democratic Services  0161 474 3216

Media

Items
No. Item

1.

Minutes pdf icon PDF 148 KB

To approve as a correct record and sign the Minutes of the meeting held on 14 July 2021.

Additional documents:

Minutes:

The Minutes (copies of which had been circulated) of the meeting held on 14 July 2021 were approved as a correct record and signed by the Chair.

2.

Declarations of Interest

Councillors and officers to declare any interests which they have in any of the items on the agenda for the meeting.

Additional documents:

Minutes:

Councillors and officers were invited to declare any interests they had in any of the items on the agenda for the meeting.

 

The following interest was declared:-

 

Councillor                  Interest

 

 

 

Mike Hurleston         Agenda Item 6 ‘Statement of Accounts 2020/21’ as a member of the Board of the Stockport Town Centre West Mayoral Development Corporation.

 

It was noted that the Standards Committee had approved a dispensation to enable

Councillor Hurleston as a member of the Board of the Stockport Town Centre West

Mayoral Development Corporation and who would otherwise have had a personal

and prejudicial interest in the matter being discussed to take part in the debate and

vote at the meeting.

3.

Urgent Decisions

To report any urgent action taken under the Constitution since the last meeting of the Committee.

Additional documents:

Minutes:

No urgent decisions were reported.

4.

Public Question Time

Members of the public are invited to put questions to the Chair on any matters within the powers and duties of the Committee, subject to the exclusions set out in the Code of Practice.  (Questions must be submitted prior to the commencement of the meetingon the card provided.  These are available at the meeting. You can also submit via the Council’s website at www.stockport.gov.uk/publicquestions).

Additional documents:

Minutes:

Members of the public were invited to put questions to the Chair on any matters within the powers and duties of the Area Committee, subject to the exclusions set out in the Code of Practice.

 

No public questions were submitted.

5.

Informing the Audit Risk Assessment - Enquiries of Management and Those Charged With Governance pdf icon PDF 195 KB

To consider a report of the Corporate Director, Corporate and Support Services.

 

The report provides Members with details of the Council’s response to queries raised by the external auditors, Mazars, as part of the Audit Risk Assessment.

 

Audit Committee is requested to note the report.

 

Officer contact: John Pearsall 474 4033 or email: john.pearsall@stockport.gov.uk

 

Additional documents:

Minutes:

The Corporate Director, Corporate and Support Services and Deputy Chief Executive submitted a report (copies of which had been circulated) which provided Members with details of the Council’s response to queries raised by the external auditors, Mazars, as part of the Audit Risk Assessment.

 

RESOLVED – That the report be noted.

 

6.

Statement of Accounts 2020/21 pdf icon PDF 118 KB

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

 

Additional documents:

Minutes:

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.

 

 

7.

Mazars - Audit Completion Report pdf icon PDF 481 KB

To consider a report of the external auditors, Mazars.

 

The report provides Members with a summary of Mazars’ audit conclusions.

 

The Committee is asked to note the report.

 

Officer contact: John Pearsall on 474 4033 or Email: john.pearsall@stockport.gov.uk

 

 

Additional documents:

Minutes:

The external auditors, Mazars submitted a report (copies of which had been circulated) which provided Members with a summary of Mazars’ audit conclusions.

 

RESOLVED – That the report be noted.

 

8.

Signing of the 2020/21 Statement of Accounts and Management Letter of Representation

Audit Committee is requested to:

 

(i)           Note the Council’s 2019/20 Statement of Accounts.

(ii)          Note the Management Letter of Representation and,

(iii)        In the event of no material changes as a result of the outstanding audit work, delegate the approval of the 2020/21 Statement of Accounts to the Corporate Director, Corporate and Support Services 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

 

Additional documents:

Minutes:

RESOLVED – (i) That the Council’s 2019/20 Statement of Accounts be noted.

(ii) That the Management Letter of Representation be noted.

(iii) In the event of no material changes as a result of the outstanding audit work, approval of the 2020/21 Statement of Accounts be delegated to the Corporate Director, Corporate and Support Services in consultation with the Chair of the Audit Committee on receipt of advice from the External Auditor.