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Deadline extended for Craven District Council accounts
9:00am Friday 18th October 2013 in News
Craven District Council has been allowed an extension of its deadline to complete its statement of accounts.
Interim financial manager Nicola Chick told the audit and governance committee that agreement had been reached with the council’s external auditor to extend the deadline and that the accounts would now be signed off at the end of October.
She said a set of draft accounts had been prepared within the statutory deadline of June 30 and submitted to the external auditors, but a number of issues to do with the database had been raised that had led to the delay.
Mrs Chick added that the council had faced some challenges, but it was not alone among local councils.
She said the accounts needed to be resubmitted because the problems could not be allowed to continue into the next financial year.
She was confident that once the accounts had been re-submitted, the external auditor would give an unqualified opinion – confirmation that the council’s accounts had been fairly and appropriately presented.
The council, along with all other local authorities, is required to publish its statement of accounts every year by the end of September.
Failure to do so results in the council getting a larger bill from the external auditor.
The statement of accounts is meant to represent a true and fair view of the financial results of the council’s activities in the year ending March 31 and also gives a summary of the council’s financial position at that time.
Councillors agreed to a special meeting of the audit and governance committee on Tuesday, October 29 to formally sign off the statement of accounts.
Committee chairman Coun Stephen Place (Ind) said he understood there would be an increase in the external auditor’s fee, but it would not run into the hundreds of pounds.
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