The
Chairman introduced Ms Elizabeth Jackson who had replaced Mr Darren
Wells as the External Auditor’s Engagement Lead with the
Council.
Ms
Jackson then presented the report of the External Auditor on the
progress to date against the 2018/19 audit plan. The report also provided a summary of emerging
national issues and developments of relevance to the local
government sector.
In
response to a question by the Chairman, Mr Mark Green, the Director
of Finance and Business Improvement, said that CIPFA had consulted
on its plans to provide an authoritative measure of local authority
financial resilience via a new index.
This was one of a number of indices that could be used by local
authorities, but, in the Officers’ view, it was a useful tool
which should be looked at in the context of a district
council. Once published, the Financial
Resilience Index would be reported to the Committee for
consideration.
RESOLVED:
That the External Auditor’s progress report, attached as
Appendix 1 to the report of the Head of Finance, be
noted.