Issue - meetings

(Report of the Director of Corporate Resources – To be introduced by the Cabinet Member for Finance and Carbon Reduction): To receive the Annual  Audit letter for 2010/11 from the Council’s external auditors, Grant Thornton, and to note the issues raised and actions being taken.

Cabinet considered a report that presented the Annual Audit Letter for 2010/11.

In response to a question Cabinet was advised that the timetable for the submission of Alexandra Palace’s Accounts had been delayed and consequently an action had been included with regard to the alignment of Alexandra Palace and the Council’s end of year timetables.

It was noted that the inclusion of Alexandra Palace’s debt within the Council’s accounts would not effect the rate at which the Council was able to borrow nor would alter the way in which the Council treated Alexandra Palace as an independent entity.   

RESOLVED:

That the Annual Audit Letter for 2010/11 be received and formally noted by the Cabinet.