Guide Financial Information

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6. Financial information 2019/20

Final Accounts 2019/20

Final Statement of Accounts 2019/20 

Notice of Audit Completion 2019/20

The Accounts and Audit (England) Regulations 2015 – Regulation 10, as Amended By The Accounts and Audit (Coronavirus) (Amendment) Regulations 2020

The Accounts and Audit (Coronavirus) (Amendment) Regulations 2020 require that the audited accounts and opinion is published by 30 November 2020. As at 30 November, the Council’s external auditor, Grant Thornton UK LLP, has not yet concluded the audit. The delay has arisen due to a combination of factors, including the impact of Covid-19 on working arrangements and due to a technical accounting issue in respect of the Council’s Major Repairs Expenditure.

The Council is continuing to work closely with the audit team as they complete their work. In line with the Accounts and Audit Regulations 2015, the Council has published a set of draft accounts. The Council will publish a final set of accounts as soon as the audit is concluded, and the Audit Report issued.

This notice of delayed audit is being published in accordance with Regulation 10, paragraph (2a) of the Accounts and Audit Regulations 2015.

Statement of accounts

At the end of each financial year, we are required by the Accounts and Audit Regulations 2015 to publish a Statement of Accounts setting out the financial position of the council and the transactions that have been made during the year.

You have the right to inspect these accounts, and the associated documents, in accordance with the Local Audit and Accountability Act 2014.

For the financial year 2019/20 only, the above regulations have been amended by The Accounts and Audit (Coronavirus) (Amendment) Regulations 2020 with the publication of audited accounts moving from 31 July to 30 November 2020.

Public inspection of the draft accounts

After being approved by the council’s responsible financial officer as a true and fair view, draft accounts for the year are published on this page, along with the council’s annual governance statement.

The accounts are then be made available for public inspection, along with the supporting accounting records and associated documents, for 30 working days. The inspection period for 2019/20 will commence on or before 1st September 2020.

During this period, local electors can ask the external auditors questions about the draft accounts, or raise objections to them.

Further details of public inspection dates and arrangements will be published here in due course.

Our future financial plans:

Financial Strategy 2019 -2029

Appendix A

Appendix A (i)

Transformation Strategy refresh 2018

Our spending plans 2019/20

East Devon spending plans for 2019/20 is detailed in the Council’s approved estimates and service plans

Estimate Book 2019-20

Service Plans 2019/20

Treasury Management

Treasury management is the management of the local authority’s investments and cash flows, its banking, money market and capital market transactions; the effective control of the risks associated with those activities; and the pursuit of optimum performance consistent with those risks.

The Treasury Management Strategy covers:

  • the capital plans (including prudential indicators);
  • a minimum revenue provision (MRP) policy (how residual capital expenditure is charged to revenue over time);
  • the treasury management strategy (how the investments and borrowings are to be organised) including treasury indicators; and
  • an investment strategy (the parameters on how investments are to be managed).

Treasury Management Strategy Statement 2019/20

The Council also has an approved Capital Strategy which draws together various adopted strategies and agreed process of the Council that govern how the Council manages capital expenditure and investment decisions.  The Capital Strategy brings these areas together in one overarching document.

Capital Strategy 2019/20 – 2022/23

Notice of Appointment of Auditor from 2018/2019

Under Section 8(2) of the Local Audit and Accountability Act 2014, the Council must publish a notice relating to the appointment of its local auditor.

For audits of Council accounts from 1 April 2018, Public Sector Audit Appointments Limited (PSAA) is responsible for appointing an auditor to principal local government and police bodies that have chosen to opt into its national auditor appointment arrangements.  East Devon District Council opted into this arrangement.

On 14 December 2017, the PSAA board approved the appointment of Grant Thornton (UK) LLP to audit the accounts of East Devon District Council for a period of five years, covering the accounts from 1 April 2018 to 31 March 2023.  This appointment is made under regulation 13 of the Local Audit (Appointing Person) Regulations 2015.