Agenda and minutes

* AC 8            

Apologies for absence were received from Cllrs K Ball, B Cann OBE and B Lamb.

Meeting held on 19 June 2018

* AC 9            

The Minutes of the Committee Meeting held on 19 June 2018 were confirmed and signed by the Chairman as a correct record.

* AC 10          

The Committee considered the KPMG External Audit Report 2017/18.

In his presentation, Mr Batley reported that although 4 risk areas were identified none were of significant risk. A clean audit opinion was given.

It was then RESOLVED that:

The report be noted.

* AC 11       

Cllr Edmonds took Members through the report. There were no questions asked and he proceeded to thank the finance team for all their hard work.

It was then RESOLVED that approval be given to the:

1.      wording of the Letter of Representation (Appendix A of the presented agenda report refers);

2.      Audited Statement of Accounts for the financial year ended 31 March 2018 (Appendix B of the presented agenda report refers); and

3.      Annual Governance Statement post audit (Appendix C of the presented agenda report refers).

PART TWO – ITEMS WHICH MAY BE TAKEN IN THE ABSENCE OF THE PUBLIC AND PRESS ON THE GROUNDS THAT EXEMPT INFORMATION MAY BE DISCLOSED (if any).

The Committee is recommended to pass the following resolution:

“RESOLVED that under Section 100(A)(4) of the Local Government Act 1972, the public be excluded from the Meeting on the grounds that exempt information may be disclosed as defined in the paragraph given below in bold type from Part I of Schedule 12(A) to the Act.”

This document can be made available in large print, Braille, tape format, other languages or alternative format upon request. Please contact the Committee section on 01822 813662 or email darryl.white@swdevon.gov.uk

  * AC 12      ANNUAL TREASURY MANAGEMENT REPORT

 Cllr Edmonds introduced the report stating the lower than anticipated return were partly due to interest rates not rising and property investment           valuations having an entrance cost attached. Therefore the investment   should expect a higher yield in future years.

 It was then RESOLVED

1.     That the actual 2017/18 prudential and treasury indicators in the presented agenda report be approved; and

2.     That the Annual Treasury Management report for 2017/18 be noted.