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CHILTERNS CREMATORIUM JOINT COMMITTEE
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MEETING 16th June
2009
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7
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REPORT OF THE TREASURER – 2008/09 STATEMENT OF
ACCOUNTS
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(Contact Officer: Alison
Howes 01494 732260)
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1
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The Chilterns Crematorium Joint Committee Statement of
Accounts for the financial year 2008/09 has now been finalised,
subject to external audit by the Audit Commission and is attached
at Appendix 7.1. 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 after
completion of the audit.
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2
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The main point to note arising from the accounts is that a
net surplus for the year of £608,333 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
£90,202.
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3
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The overall cumulative position on constituent
authorities’ shares is a surplus of £1,751,433 and as
previously agreed this is being held to fund future capital
projects e.g. filtration system.
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4
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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.
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5
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The Crematorium Accounts are subject to a full audit and
are required to be compliant with Statements of Recommended
Accounting Practice (SORPs).
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6
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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. For 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.
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7
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The Accounts for 2007/08 are still awaiting sign off from
Grant Thornton; this is despite numerous requests by officers for
completion. Grant Thornton’s report is expected on
19th June 2009. Any
issues arising will be reported orally at the meeting.
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Recommendations
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1.
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Delegated authority be given to the Treasurer to make any
further minor amendments that may be required as a result of the
Grant Thornton report.
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2.
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The Statement of Accounts for 2008/09 be adopted and signed
by the Chairman, any minor amendments required as a result of the
audit be delegated to the Treasurer and if required reported to the
next meeting of the Joint Committee.
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