Our future financial plans:
Our spending plans 2018/19
The money collected through council tax helps pay for services for approximately 773,000 people in the Devon County Council area.
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).
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.