Statement of accounts

After the end of each financial year (31 March) the council has to publish a formal statement of accounts. These are compiled in accordance with International Financial Reporting Standards (IFRS) and the Local Authority Accounting Code of Practice. The statement includes:

  • an explanatory foreword
  • a statement of its income and expenditure for the year
  • a statement showing the value of its assets at the end of the year
  • a statement showing the movement in its cash balances

Unaudited Statement of Accounts 2017/18

The unaudited Statement of Accounts for 2017/18 was signed by the Chief Finance Officer on 1 June 2018 and the accounts are now undergoing audit inspection. You can download the unaudited Statement of Accounts in the downloads section of this page, along with the audited statements for previous years.

We will publish our audited Statement of Accounts for 2017/18 here as soon as reasonably practicable. The Leader of the Council mentioned the audit in her statement to the full Council meeting on 19 July, which you can read in full here.

Audit of accounts 2017/18

Each year the council’s accounts are audited.  Anyone interested had the opportunity to inspect and make copies of the accounts and books, deeds, contracts, bills, vouchers and receipts relating to them.  For the year ended 31 March 2018 these documents were available on application to the head of finance and chief finance officer at South Oxfordshire District Council between 1 June 2018 and Thursday 12 July 2018 inclusive. 

The audit is being carried out by Andrew Brittain, Executive Director, Ernst & Young LLP, Apex Plaza, Forbury Road, Reading, RG1 1YE and will be conducted under the provisions of the Local Audit and Accountability Act 2014 and the Accounts and Audit Regulations 2015. 

Local government electors and their representatives had the opportunity to question the auditor about the accounts.  They also had the right to make objections to the accounts, or any items in them. The period for making such objections was from Friday 1 June 2018 to Thursday 12 July 2018 inclusive.

Last reviewed: 31 - 07 - 2018

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