Agenda and minutes

To receive Apologies for Absence from Committee members. 

Apologies for Absence were received from Councillors Mark Howell and Peter Sandford. Councillor Graham Cone was in attendance as a substitute for Councillor Mark Howell.

Councillor Heather Williams declared an interest at a member of the Greater Cambridge Joint Assembly.

The minutes of the last meeting will be presented to the scheduled meeting on 23 March 2023.

It was noted that the minutes of the 19 January 2023 would be presented at the next meeting of the Committee on 23 March 2023.

The Head of Finance presented the report, which recommended that the Committee approve the audited statement of accounts for the year 2019/20. Once the accounts were approved the external auditors would be able to complete their work and sign off the accounts. The Committee reviewed the amendments made to the accounts since July 2022.

It was noted that the property value had reduced by £70,000. The Project Accountant explained that this related to income from assets that were under construction.

The Head of Finance circulated a report which updated the core statement to accounts. It was noted that the correction related to which budget funds should be allocated to and made no material difference. It was agreed that the supplementary report, circulated at the meeting should be put on the website.

Councillor Heather Williams proposed and Councillor Michael Atkins seconded the recommendations in the report. A vote was taken and by affirmation

The Committee

Approved       the audited statement of accounts for 2019/20.

Noted              that the 2019/20 accounts audit was complete save for the final procedures to be carried out by the Auditors.

The next scheduled meeting is on Thursday 23 March 2023 at 10.00am.

It was noted that the next meeting will be held on Thursday 23 March at 10 am.