Statement of Accounts 2023-24
The Council has been unable to commence the period of public inspection for the statement of accounts for the 2023/24 financial year by the first working day in June 2024. Following on from this, there is also a delay in the commencement of the audit and the publication of the audited accounts of the year ended 31 March 2024.
There have been significant delays in the conclusion of audits in local government for several years. The reasons for these delays are primarily related to the Covid-19 pandemic, uncertainties around valuations of property assets, accounting for infrastructure assets and capacity within local auditors and local authority teams. These delays have in turn impacted on the ability of officers to draft and finalise the accounts for subsequent financial years.
The Government and other relevant sector leaders have been consulting on the issues in the sector and the potential steps may be taken to address the backlog of audits. As a result, there may be potentially some changes in the timescales and approach to audit for local authority accounts. More information on this can be found via the gov.uk website.
As of 3 June 2024, the Council is currently part way through the audit of its statement of accounts for 2021/22 and is preparing the statement of accounts for 2022/23. As soon as the draft 2023/24 statement of accounts are available, these will be published with revised inspection dates. The audited statement of accounts will follow as soon as possible.