The Chair informed the Committee that Item 3 and  4 for the agenda will be discussed concurrently and then voting on the items will be taken separately.

The report presents the Council’s 2013/14 Statement of Accounts for approval.  There are a number of changes to the draft Statement presented to the Committee in July.  The external audit results report is elsewhere on the agenda.

A supplementary report (3a) to the Statement of Accounts was presented to members, outlined the following amendments.

Page 13        Penultimate paragraph – replace “19^th September” with “26^th                          September”.

Page 34        Note 3, final bullet point – delete “and there is a contingent                            liability for future years”.

Page 34        Note 4, Property, Plant and Equipment, final paragraph  - delete                   “decrease”.

Page 35        Note 4, Business Rates (NNDR) appeals – delete “There is also                    a contingent liability for successful appeals in future years.”

Page 35        Note 6 – replace “19^th September” with “26^th September”.

Page 60         Note 22.1, 2013/2014.  Increase/(decrease) in creditors.. –                             replace “(587)2 with “(562)”.  Other non-cash movement –                                  replace “682” with “657”.

Page 83         Note 36 – replace existing note with “The Council had no                              contingent liabilities at 31 March 2014.”

Page 86        Note 37, penultimate paragraph – replace “However, there                             would have been a significant increase or reduction (£8 million                 or £9.8 million) in the fair value of the borrowing. “ with                              “However, a 1% change in the fair value of the borrowing would                  result in movement of £709,000.”

A motion was MOVED by Cllr Clark and SECONDED by Cllr Hossack to receive the recommendation set out in the report, subject to an alteration by the mover.

2.1       That Members approve the Statement of Accounts for 2013/14 as                amended by Supplementary Agenda Item 3a.

RESOLVED UNANIMOUSLY to:

That Members approve the Statement of Accounts for 2013/14 as amended by Supplementary Agenda Item 3a.