Accounting Errors at CCC - Post 5/15 in a series - 2016/17 Correct Accounting in First Draft Accounts

 

5 - 2016/17 – Correct accounting in the first draft accounts

The draft accounts for 2016/17 were published in July 2017 and made available to the public to inspect - click here to view - Agenda Item 11. These accounts correctly reversed out the City Deal grant received in advance the year before, as stated on page 11:

Legislation (The Local Authority and Accountability Act 2014) requires councils to publish draft accounts for the external auditors to audit and for interested parties to inspect, request documents, and ask questions of the auditors.  Local electors may also submit objections to the draft accounts, addressing their objection to the auditor.  The statutory period for the public and local electors to do this for the 2016/17 draft accounts expired on 15^th August 2017.