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Audit Committee - 25 June 2015

Penn Chamber, Three Rivers House25th June 2015

NOTICE AND AGENDA

 For a meeting to be held in the Penn Chamber, Rickmansworth, on Thursday, 25 June 2015 at 7.30pm.

 Members of the Committee:- 

Councillors:-

Sarah Nelmes (Chairman)

Steve Drury (Vice-Chairman)

 

Terry Dos Ramos

Joy Mann

 

Alex Hayward

Angela Roberts

 

 

Len Tippen

 Steven Halls, Chief Executive

17 June 2014

 

The Audit Committee welcomes contributions from members of the public to its discussion on agenda items.  Contributions will be limited to one person speaking for and one against each item for not more than three minutes.  Details of the procedure and the list for registering the wish to speak will be available for a short period before the meeting.

In accordance with The Openness of Local Government Bodies Regulations 2014 any matters considered under Part I business only of the meeting may be filmed, recorded, photographed, broadcast or reported via social media by any person.

Recording and reporting the Council’s meetings is subject to the law and it is the responsibility of those doing the recording and reporting to ensure compliance.  This will include the Human Rights Act, the Data Protection Act and the laws of libel and defamation.

 

 1.

APOLOGIES FOR ABSENCE

 

 

 2.

 

MINUTES

 

 

To confirm as a correct record the Minutes of the meeting of the Committee held on 17 March 2015 (copy enclosed for Members of the Committee).

15-03-17-mins

 

 

 

 3.

 

NOTICE OF OTHER BUSINESS

 

 

Items of other business notified under Council Procedure Rule 30 to be announced, together with the special circumstances that justify their consideration as a matter of urgency.  The Chairman to rule on the admission of such items.

 

 

 

 4.

 

DECLARATIONS OF INTEREST

 

 

To receive any declarations of interest.

 

 

 

 5.

 

AUDIT COMMITTEE EFFECTIVENESS

 

 

To receive a verbal presentation by the Shared Internal Audit Service (SIAS) on the Effectiveness of the Audit Committee.

 

 

 

 6.

 

RISK MANAGEMENT STRATEGY

 

 

The report recommends that the Policy and Resources Committee approves the Risk Management Strategy.

Risk Management Strategy

 

 

 

 7.

 

FINANCIAL AND BUDGETARY RISKS

 

 

This report enables the Committee to monitor financial and budgetary risks.

Financial Budgetary Risks

Financial Budgetary Risks - appendix1

 

 

 

 8.

 

FRAUD ANNUAL REPORT

 

 

This report informs Members of the work of the Fraud Section for the financial year 2014/2015 and provides updates on progress and developments for the current financial year.

Following the impending transfer in December 2015 of the investigation of Housing Benefit fraud to the Single Fraud Investigation Service (SFIS) this report provides an update on the current position.

 Annual Fraud Report

 9.

 

ANNUAL GOVERNANCE STATEMENT (AGS) – ACTION PLAN UPDATE

 

 

This report gives details of the progress in implementing the actions required resulting from the Annual Governance Statement.

AGS Action Plan 

AGS Action Plan - appendix 1

 

 

 

 10.

 

INTERNAL AUDIT PROGRESS REPORT 2014/15

 

 

This report gives details of the progress made in implementing the recommendations of the internal auditor.

Internal Audit Progress Report 2014-15

SIAS Update Progress Report appendices 1-2

SIAS Update - Progress Report Recommendations appendix 3 

 

 

 

 11.

 

INTERNAL AUDIT ANNUAL REPORT 2014/2015

 

 

This report gives details of the activities of Internal Audit during 2014/2015 and provides an opinion on the adequacy and effectiveness of the Council’s internal control environment.

Internal Audit Annual Report (doc)

SIAS Annual Report 2014-15 appendix 1

 

 

 

12. 

 

EXTERNAL AUDIT PLAN 2014/15

 

 

To receive the External Audit Plan prepared by Grant Thornton UK LLP the Council’s appointed external auditors.

External Audit Plan

TRDC External Audit Plan ac draft

 

 

 

 13.

 

TREASURY MANAGEMENT 

 

 

This report presents to Members the Annual Treasury Management report and Prudential Indicators for 2014/15.

 Treasury Management Report

Treasury Management Report - appendices 1-2

 14.

 

ANNUAL GOVERNANCE STATEMENT (AGS) 2014/15

 

 

This report enables the Committee to agree the Annual Governance Statement (AGS) for inclusion in the Draft Statement of Accounts.

Annual Governance Statement 

Annual Governance Statement - appendix 1

Annual Governance Statement - appendix 2

 

 

 

 15.

 

DRAFT STATEMENT OF ACCOUNTS FOR 2014/15

 

 

This report allows the Committee to consider the Draft Statement of Accounts for 2014/15. These will be circulated separately.

Draft Statement Of Accounts

 

 

 

 16.

 

COMMITTEE’S WORK PROGRAMME

 

 

To review and make necessary changes to the Audit Committee’s Work Programme.

Work Programme

 

 

 

 17.

 

OTHER BUSINESS – if approved under item 3 above.

     

 18.

 

EXCLUSION OF PRESS AND PUBLIC

 

 

If any confidential business is approved under item 3, it will also be necessary to specify the class of exempt or confidential information in the additional item(s) and a resolution to be passed in the following terms:-

 

 

“that under Section 100A (4) of the Local Government Act 1972, the press and public be excluded from the meeting for the following item(s) of business on the grounds that they involve the likely disclosure of exempt information as defined under the respective paragraphs of Part 1 of Schedule 12A to the Act”.

     

 1.

 

OTHER BUSINESS – if approved under item 3 above.