Agenda item

Report of the Chamberlain.

The Committee considered the 2020-21 City Fund and Pension Fund Statement of Accounts.

In response to a concern about where the City of London Police Pension liability sat, the Chamberlain would add clearer narrative in the final accounts to indicate the Home Office’s responsibility in this area.

The Chamberlain added that, whilst the external auditors were content to sign off on the accounts, there remained a few non-material narrative issues still to be resolved; these were likely to be completed in the coming days.  

RESOLVED – that the Committee:

Considered the content of BDO’s audit management report;

Considered the resolution from the Audit and Risk Management Committee and approved the 2020-21 City Fund and Pension Fund Statement of Accounts; and

Delegated to the Chamberlain, in consultation with the Chairman and Deputy Chairman of Finance Committee, approval of any material changes to the statement of accounts required before the signing of the audit opinion by BDO – which is expected by the mid-December

Approved delegated authority for the Chairman and Deputy Chairman of the Finance Committee to approve and sign the 2020-21 City Fund and Pension Fund Statement of Accounts on behalf of the Court of Common Council.