|
CHILTERNS CREMATORIUM JOINT COMMITTEE
|
|
|
|
MEETING 18th SEPTEMBER
2008
|
|
|
|
OPEN REPORT OF THE TREASURER TO
|
|
THE JOINT COMMITTEE
|
|
|
|
|
|
Background Papers (if any) are specified at the end
of each item
|
|
|
|
1 2007/08 STATEMENT OF ACCOUNTS
|
|
(Contact Officer: Alison
Howes 01494 732260)
|
|
|
|
1
|
The Chilterns Crematorium Joint Committee Statement of
Accounts for the financial year 2007/08 has now been finalised,
subject to external audit by Grant Thornton and is appended
to the 53rd Annual Report.
The accounts are still draft at this stage and there may be
some minor amendments arising from the audit. They are being
presented for approval by the Joint Committee, the final version,
following the audit will be available for publication on, or soon
after, 30 September.
|
|
|
|
|
2
|
The main point to note arising from the accounts is that a
net surplus for the year of £517,802 is reported which has
been allocated to constituent authorities in accordance with agreed
accounting policy. This is after a revenue contribution to finance
capital expenditure incurred during the year of
£59,968.
|
|
|
|
|
3
|
The overall cumulative position on constituent
authorities’ shares is a surplus of £1,143,099 and as
previously agreed this is being held to fund future capital
projects e.g. filtration system.
|
|
|
|
|
4
|
The accounts continued to be prepared in accordance with
Financial Reporting Standard 17 Accounting for Retirement Benefits.
Although these accounting entries do not impact on the overall
financial performance of the Crematorium they do recognise the
pension fund liability in the balance sheet and thus reduce the
reported net worth of the Crematorium.
|
|
|
|
|
5
|
Total fee income has exceeded £1million for the third
year running. As advised last year this now subjects the
Crematorium Accounts to a full audit and a requirement to be
compliant with Statements of Recommended Accounting Practice
(SORPs).
|
|
|
|
|
6
|
Under section 3 of the Audit Commission Act 1998 external
auditors are appointed by the Audit Commission for certain local
government bodies, including joint committees of two or more local
authorities. The appointment of external auditors Grant Thornton
will end following the current audit of the 2007/08 Statement of
Accounts. From 2008/09 through to 2012/13 the Audit
Commission’s own Southern Region has been appointed as
external auditors to the Joint Committee, these auditors have also
been appointed over the same period for Chiltern District
Council.
|
|
|
|
|
|