Minutes PDF 40 KB - Meetings, agendas, and minutes

• That internal audit monitor resources against demand for 13/14
• Assurance re procurement arrangements for civil engineering works in Marchbriefing
note to be provided re same.
RESOLVED that the Audit Committee approve the Internal Audit Plan 2013/14.
73. Internal Audit Charter (Report)
The Committee considered the report from the Director of Finance and Legal Services which
set out the key principles that underpin the work of the Council’s Internal Audit Service.
RESOLVED that the Audit Committee approve the Internal Audit Charter.
74. Progress on Matters Raised by the 2011/12 Annual Audit Letter
(Progress Report)
The Committee considered the report from the Director of Finance and Legal
Services which identified the progress made and the current position with regard to the
4 issues raised in the 2011/12 Annual Audit Letter reported to Audit Committee on 31 st
October 2012 (minute 34/12 refers).
The Committee noted that the External Auditors were satisfied with progress and
requested a further update in September.
RESOLVED that the Audit Committee agreed that the progress made and
current position represent an appropriate response to the issues raised.
75. The External Auditors' Audit Plan for y/e 31 March 2013
(Grant Thornton’s Audit Plan 12/13)
This report was presented by Mr. Tony Parks, Grant Thorton, the Council’s external
auditors.
RESOLVED that the Audit Committee approve the External Auditors' Audit Plan
for y/e 31 March 2013.
76. City Council Investment Activity (Briefing Note)
The Committee considered the report from the Director of Finance and Legal on
the Council’s Treasury Management activity.
The Committee noted a correction to the table as published on page 59, as shown
below:
March 2012
£m
(As published)
March 2012
£m
(Amended)
Money Market Funds 41.2 0.0
Temporary Deposits 0.0 41.2
Collective Investment (Pooled)
0.0 0.0
Funds
Total 41.2 41.2
RESOLVED that the Audit Committee note the update on the City Council’s
Investment Activity.
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