Issue - meetings

Report by Section 95 Officer

The Committee gave consideration to a report presenting the Audited Annual Accounts of the Council and Charitable Trusts for the year to 31 March 2022.

The Head of Financial Services provided an update in relation to the need for a slight adjustment to the figures reported for the Oban Common Good Fund and outlined a number of presentational adjustments that had been made, specifically in relation to the Statement of Movement in Reserves.  Discussion was had in respect of the need to incorporate the rate of inflation into the budget outlook specifically in relation to insurance costs.     

The Chair took the opportunity to thank the Finance team for the provision of highly informative management commentary and for their continued hard work in the provision of the annual accounts.

Decision

The Audit and Scrutiny Committee agreed to recommend to Council that the Audited Annual Accounts of the Council and Charitable Trusts for the year to 31 March 2022 are approved. 

(Reference:  Report by Section 95 Officer, dated 22 November 2022, submitted)

Report by Section 95 Officer

The Committee gave consideration to a report presenting the Audited Annual Accounts of the Council and Charitable Trusts for the year to 31 March 2021.

Discussion took place in respect of the general fund reserves; earmarked reserves and issues identified for further development. 

The Chair took the opportunity to thank both the Finance team for the provision of highly informative management commentary and for their continued hard work in the provision of the annual accounts. 

Decision

The Audit and Scrutiny Committee agreed to recommend to Council that the Audited Annual Accounts of the Council and Charitable Trusts for the year to 31 March 2021 are approved. 

(Reference:  Report by Section 95 Officer, dated 24 November 2021, submitted)