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The annual production of the full Statement of Accounts is a statutory requirement for local authorities and is intended to give various people and organisations a detailed explanation of the financial position of the Council as at 31 March of the relevant year. Also the introduction to the accounts provides a background to the accounting concepts and treatment of various financial issues.
Inevitably, much of the information in the document is of a technical nature satisfying the requirements of statute and local authority accounting practice.
The Statement of Accounts must be prepared and signed by the chief finance officer by 30th June. The Accounts are then subject to inspection by externally appointed auditors, prior to approval by Council and publication by 30 September. Part of that audit process allows for a four week period of inspection by the public. Following the public inspection period, local electors also have the right to question the appointed auditor about the Accounts and potentially make objections, up until the completion of the audit.
The Statement of Accounts can be found under Related Downloads on the right hand side of this page.