Agenda


Accounts, Audit and Risk Committee - Wednesday 22 September 2021 7.30 pm

Venue: Bodicote House, Bodicote, Banbury, Oxon OX15 4AA

Contact: Sharon Hickson, Democratic and Elections  Email: democracy@cherwell-dc.gov.uk, 01295 221554

Media

Items
No. Item

1.

Apologies for Absence and Notification of Substitute Members

2.

Declarations of Interest

Members are asked to declare any interest and the nature of that interest which they may have in any of the items under consideration at this meeting.

3.

Petitions and Requests to Address the Meeting

The Chairman to report on any requests to submit petitions or to address the meeting.

4.

Minutes pdf icon PDF 200 KB

To confirm as a correct record the Minutes of the meetings of the Committee held on 28 July 2021.

5.

Chairman's Announcements

To receive communications from the Chairman.

6.

Urgent Business

The Chairman to advise whether they have agreed to any item of urgent business being admitted to the agenda.

 

7.

Monthly Performance, Risk and Finance Monitoring Report pdf icon PDF 878 KB

Report of Director of Finance and Head of Insight and Corporate Programmes

 

Purpose of report

 

This report summarises the Council’s Performance, Risk and Finance monitoring positions as at the end of July 2021. The Committee will focus on the risk elements of the report.

 

Recommendations

            

The meeting is recommended:

 

1.1       To note the monthly Performance, Risk and Finance Monitoring Report.

 

Additional documents:

8.

Review of Those Charged with Governance pdf icon PDF 356 KB

Report of the Director of Finance

 

Purpose of report

 

To set out the response to Ernst & Young (EY) regarding the review of management assurance.

 

Recommendations

            

The meeting is recommended to:

 

1.1       Note the draft response relating to management assurances from Those Charged with Governance at Appendix 1.

 

1.2       Agree that the Director of Finance, in conjunction with the Chairman of the Accounts, Audit and Risk Committee, make any further changes to the response relating to management assurances from Those Charged with Governance at Appendix 1 that may arise as a result of the audit.

 

Additional documents:

9.

External Audit - Annual Audit Opinion 2020/21 pdf icon PDF 357 KB

Report of the Director of Finance

 

Purpose of report

 

To receive a report setting out the External Audit Opinion for 2020/21.

Recommendations

            

The meeting is recommended to:

 

1.1       Note the contents of the External Audit Opinion (ISA260) for 2020/21 from our External Auditors, Ernst & Young (EY).

 

Additional documents:

10.

Statement of Accounts Update pdf icon PDF 360 KB

*** Appendix 2 to this report will follow as it is currently being reviewed and finalised ****

 

 

Report of the Director of Finance

 

Purpose of report

 

To receive a report to ask Members to consider the following:

  • Changes to be incorporated to the draft statement of accounts.

Recommendations

            

The meeting is recommended to:

 

1.1         That the Draft Statement of Accounts 2020/21 be endorsed, subject to the required changes identified to date in Appendix 2, and once the final audit opinion is received the Director Finance (S151 Officer), in consultation with the Chair of the Accounts, Audit and Risk Committee (or Vice Chair in case the Chairman is unavailable) be authorised to sign the accounts and it be noted that, if any material changes to the accounts are required, then an additional committee meeting would be convened to consider the changes.

 

1.2         Agree that the Director of Finance, in consultation with the Chair of the Committee (or Deputy Chair in their absence), can make any further changes to the letters of representation that may arise during completion of the audit.

 

Additional documents:

11.

Treasury Management Q1 Update 2021/22 pdf icon PDF 415 KB

Report of the Director of Finance

 

Purpose of report

 

To receive information on treasury management performance and compliance with treasury management policy for 2021-22 as required by the Treasury Management Code of Practice.

Recommendations

            

The meeting is recommended:

 

1.1         To note the contents of the Quarter 1 2021-22 Treasury Management Report.

 

12.

Internal Audit Progress Report 2021/22 pdf icon PDF 370 KB

Report of the Director of Finance

 

Purpose of report

 

The report presents the Internal Audit Progress report for 2021/22

Recommendations

            

The meeting is recommended:

 

1.1         To note the progress with the 2021/22 Internal Audit Plan and the outcome of the completed audits.

 

Additional documents:

13.

Work Programme pdf icon PDF 57 KB

To consider and review the Work Programme.