Agenda item

Report of the Chamberlain. This report was considered and approved by the Audit and Risk Management Committee on 3 November 2015.

The Committee considered a report of the Chamberlain which provided the Annual Report and Financial Statements for City’s Cash for the year ended 31 March 2015, for the Committee’s approval. The Committee was advised that the Audit Committee had resolved to recommend that the Finance Committee approve the Financial Statements.

The minutes of the meeting of the Audit and Risk Management Committee on 3 November 2015 were put around the table for information. These minutes advised of two changes proposed to the accounts, namely:

-       The wording of Section 5 of the Annual Report regarding Governance Arrangements should be made clearer.

-       In addition to the disclosure note to the financial statements, the works being undertaken to the Hampstead Heath Ponds should be included in the Annual Report.

RESOLVED – That the Committee:

a)    notes the contents of Moore Stephens LLP’s Audit Management Report;

b)    approves the City’s Cash Financial Statements for the year ended 31 March 2015, subject to the amendments suggested by the Audit and Risk Management Committee set out above; and

c)    agrees that the Financial Statements are signed by the Chairman and Deputy Chairman of the Finance Committee on behalf of the Court of Common Council.