Decision details

Statement of Accounts - Waste Plant - Valuation

Decision Maker: Audit, Risk and Governance Committee

Decision status: Recommendations approved

Is Key decision?: No

Decisions:

Neil Kissock, Director of Financial Services, presented a report on the valuation of the Waste Facilities at Farrington and Thornton Waste Technology Parks.

It was reported that although an independent valuation had concluded there had been a reduction in the value, the value of the assets held in the accounts was considered materially correct. Therefore, there was no change in the value of the facilities to be reported in the council's Statement of Accounts.

 

Resolved: That the report be noted.

 

Report author: Khadija Saeed

Date of decision: 26/09/2016

Decided at meeting: 26/09/2016 - Audit, Risk and Governance Committee

Accompanying Documents: