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Contact: Email: Democratic.Services@swdevon.gov.uk
Items
No. |
Item |
*AC 25 |
Confirmation of Minutes PDF 24 KB
Meeting held on 29 October 2019
Minutes:
* AC 25
The Minutes of the Committee Meeting held on
29 October 2019 were confirmed and signed by the Chairman as a
correct record.
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*AC 26 |
Actuarial Pension Position PDF 102 KB
Report of the Section 151 Officer
Minutes:
AC
26
The Section 151 Officer took Members through
the report. After discussions, it was suggested and agreed that the
deficit recovery period be maintained at 17 years. It was also
agreed by Members to take advantage of the 1.5% discount being
offered by the Devon County Pension Fund, by paying the secondary
rate pension deficit contributions (£325,000) at the start of
April 2020 in one payment (rather than in twelve monthly
instalments).
It was then RESOLVED that:
The Audit Committee RECOMMEND
to the Hub Committee to maintain the deficit recovery period of the
Pension Deficit at 17 years, as set out in the report. It was also
recommended to make one annual payment in April 2020 for the
secondary rate pension deficit contributions, to take advantage of
the 1.5% discount being offered.
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*AC 27 |
Grant Thornton Audit Progress Report and Sector Update PDF 481 KB
Minutes:
* AC 27
The External Auditor presented the Progress
Report and Sector Update.
He reported that the sign off date of July
2020 was not seen in all councils as some were scheduled for
September. An independent review (the Redmond Review) to examine
local authority financial reporting was due to be published in
March 2020. He also stated the Interim audit would take place on 9
March 2020 and last for a period of four weeks.
It was then RESOLVED that the
content of the Report & Update be noted.
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*AC 28 |
Update on Progress on the 2019/20 Internal Audit Plan PDF 194 KB
Report of the Internal Audit Manager
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
Minutes:
*AC
28
The Internal Auditor took Members through the
progress of the 2019/20 Internal Audit Plan.
The S151 Officer suggested that once the new
Chief Executive was in their role, then the authority could look at
a business continuity exercise taking place.
It was RESOLVED that the
content of the Report be noted.
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