Decision details

Update on the Measurement of the Highways Network Asset

Decision Maker: Audit, Risk and Governance Committee

Decision status: Recommendations approved

Is Key decision?: No

Decisions:

Khadija Saeed, Head of Service Corporate Finance, provided an update to the Committee on the measurement of the County Council's Highways Network Asset (HNA).  It was reported that the CIPFA/LASAAC Local Authority Accounting Code Board, in November 2016, has taken the decision to defer implementation for the 2016/17 financial year which would be reviewed in March 2017 with a view to implementation in 2017/18.

 

Members were advised that there were no specific costs to this exercise as it was work scheduled to be completed as part of the core systems development work to update all the relevant information held.  In addition, it was confirmed that this was a new requirement and the risks identified would be in relation to the quality of the Financial Statement of Accounts should this not be completed.

 

Resolved: That the report be noted.

 

Report author: Khadija Saeed

Date of decision: 30/01/2017

Decided at meeting: 30/01/2017 - Audit, Risk and Governance Committee

Accompanying Documents: