Agenda item

(B)   City Fund Financial Statements – to receive the City Fund Financial Statement for 2015/16.

For Information

26 September 2016

(B) City Fund and Pension Funds - 2015/16 Statement of Accounts and Annual Audit Letter

On 23 May 1996, the Court authorised the Finance Committee to approve, amongst other things, the Statement of Accounts for the City Fund and Pension Funds.  The Finance Committee had duly considered and approved the 2015/16 City Fund and Pension Funds Statement of Accounts.

The annual audit letter from BDO LLP on its audit of the funds had been circulated for the information of the Court. In addition, the Statement of Accounts and management letters had been published on the City’s website.

It was accordingly recommended that the Court receive the 2015/16 City Fund and Pensions Fund Statement of Accounts.

Resolved – That the 2015/16 City Fund and Pensions Fund Statement of Accounts be received.