Issue - meetings

Khadija Saeed, Head of Service, Corporate Finance, presented the council's Statement of Accounts for 2019/20.

It was explained that the report set out additional disclosure changes, suggested by the auditors for the benefit of readers, subsequent to the draft being signed and published on the council's website. There had been no changes to the core financial statements.

It was also highlighted that the management representation letters were additional assurances requested by the auditors from management, regarding areas where they can't reasonably expect to find audit evidence.

Members thanked the team for their professional work in producing the statement of accounts and supporting the auditors to complete their work within the deadlines set.

Resolved: That

(i)  The 2019/20 statement of accounts, at Appendix A, for Lancashire County Council and Lancashire County Pension Fund, as presented, be approved.

(ii)  The management representation letters at Appendices B and C be signed by the Chief Financial Officer and the Chair of the Audit, Risk and Governance Committee prior to them being made available to the external auditor.