Issue - meetings

Going Concern Assessment

 

 

Meeting: 02/02/2022 - Audit Committee (Item 4)

4 Going Concern assessment pdf icon PDF 261 KB

Report of the Chief Financial Officer

Minutes:

The Director of Corporate Resources and Section 151 Officer introduced a report, which had been circulated in advance of the meeting, informing members of the Chief Financial Officer’s assessment of the Council’s “Going Concern” status for the purpose of the Statement of Accounts 2020/21.

 

The committee asked that their thanks to the finance officers be placed on record.

 

RESOLVED to:

 

Note the outcome of the assessment made by the Chief Financial Officer that Gedling Borough Council can continue to operate as a going concern for  a period of twelve months from the date of signing the audit opinion, and accordingly remains a going concern for the purpose of the 2020/21 Statement of Accounts.