Agenda item

Report of the Chamberlain.

Members received a report of the Chamberlain which provided an update on the production of the Financial Statements for the City Fund and Pension Fund for 2017/18.  Members noted that they would receive the statements at their next meeting in July, in order to recommend them to the Finance Committee, which also meets in July 2018.

In respect of a query about contingent assets in Appendix 1 – the Director of Finance agreed to provide more information to Members about increases in valuations.  The Chamberlain confirmed that the accounts were on schedule, for sign off later this week.  Finally, Members noted that depreciation would be included in the notes to the accounts but not in the policy.

The Chairman and Members asked for their thanks to go on record to the Chamberlain and his staff for meeting the new targets, despite the extra work this had entailed.

RESOLVED, that – the report be noted.