Issue - meetings

Report of Assistant Director of Finance (Section 151 Officer)

Purpose of report

To provide an opportunity for review of the draft 2024/25 Statement of Accounts which were published on the council’s website on 27 June 2025.

Recommendations

The Accounts, Audit and Risk committee resolves:

1.1         To note the report and publication of the draft statement of accounts 2024/25 (Appendix 1).

Resolved

(1)        That the report and publication of the draft statement of accounts 2024/25 be noted.

The Assistant Director Finance (Section 151 Officer) submitted a report to provide an opportunity for review of the draft 2024/25 Statement of Accounts which were published on the council’s website on 27 June 2025.

In response to a question regarding the £11.5M increase in the deficit from 2023/24 to 2024/25 the Committee was advised that this was due to an audit balance relating to the value of property that would fluctuate over time.

In response to a question regarding the treatment of the Council’s existing contractual obligations following Local Government Reorganisation, the Assistant Director Law and Governance explained that the normal expectation would be that such liabilities would be transferred to the successor authority.

Resolved

(1)        That the report and publication of the draft statement of accounts 2024/25 be noted.