Issue - meetings
Accounting Policies 2020/21
Meeting: 12/03/2020 - Audit Committee (Item 33)
33 Accounting Policies 2020/21 
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Report of the Interim Head of Finance
Additional documents:
Minutes:
The committee received the report of the Interim Head of Finance, who introduced the report. This set out the accounting policies to be used in preparing the council’s 2019/20 statement of accounts.
Attention was drawn to the requirement to carry out an impact assessment regarding the implementation of IFRS16 – Leases, which would bring all leased assets worth over £15,000 on the balance sheet from 1 April 2021.
The Interim Director of Finance advised that the policies were similar to last year. It was unlikely that there would be a significant impact.
RESOLVED –
that the accounting policies to be adopted in the preparation of the council’s 2019/20 Statement of Accounts be noted.
