Agenda item

Report of the Chamberlain.

Members considered a report of the Chamberlain relative to the 2018-19 City Fund and Pension Fund Financial Statements, to be published by 31 July 2019 subject to the Committee’s approval. The latest version of the accounts was provided with the report, in addition to the BDO audit progress report. Members received further details from the External Auditors relative to the BDO reports included as appendices 2 and 3. The Chamberlain reported that the final version of the accounts would be completed within one week. It was noted that the recommendation be amended to delegate authority to the Deputy Chamberlain, in the Chamberlain’s absence.

RESOLVED, that – the Audit and Risk Management Committee:

1.    consider the content of BDO’s audit progress report;

2.    recommend approval of the 2018-19 City Fund and City Pension Fund Statement of Account to the Finance Committee; and

3.    delegate authority to the Deputy Chamberlain, in consultation with the Chairman and Deputy Chairmen of the Audit and Risk Management Committee, approval of any material change to the financial statement required before the signing of the audit opinion by BDO, which is expected by the end of July 2019.