Report of the Chamberlain.
Members considered a report of the Chamberlain Relative to the City’s Cash Trust Funds and Sundry Trust Funds Annual Report and Financial Statements 2019/20. BDO noted that audit work on the sundry trusts was ongoing. With respect to the efficiency of the process, the Chamberlain noted that whilst there was room for improvement to make the process more efficient, the Chamberlain was satisfied with the was the accounting and audit work was carried out given the transition to working remotely due to COVID-19.
RESOLVED, that – Members:
1. note that the external auditor BDO LLP intends to give an unqualified audit opinion;
2. consider the contents of the Audit Management Report issued by BDO LLP; and
3. recommend approval of the Annual Reports and Financial Statements for the City’s Cash Trust Funds and the Annual Reports and Financial Statements for the Sundry Trust Funds for the year ended 31 March 2020 to the Finance Committee.