Statement re unaudited annual accounts

Aberdeen City Council unaudited annual accounts

Aberdeen City Council has published its unaudited annual accounts ahead of consideration by its Audit, Risk and Scrutiny Committee on 27 June 2017.

Papers relating to the committee meeting are available online at: https://committees.aberdeencity.gov.uk/mgListCommittees.aspx?bcr=1

Following the 27 June meeting the unaudited accounts will be available for public inspection from 30 June to 20 July 2017 at Council headquarters and online, as required by the Local Government Accounts (Scotland) Regulations 2014.

On 29 June 2017 the Finance, Policy and Resources Committee will consider a report entitled Council Year End Monitoring 2016/17, providing further detail on the performance of the authority's General Fund, Housing Revenue Account and associated Balance Sheet as well as the Common Good Fund, as contained within the unaudited Annual Accounts 2016/17.

ENDS

Issued on behalf of Aberdeen City Council by Paul Smith. For further information email [email protected]. Phone 01224 523188 or 07825 546396 (out of hours).

NOTES TO EDITORS

1. Aberdeen City Council provides local government services to 115,080 households and 8,651 businesses. The authority serves a population of 229,000 directly and on an operational basis the wider North-east population of 489,000. The Council employs approximately 8,600 staff;

2. Aberdeen City Council comprises 45 councillors, representing 13 wards, and since the May 2017 election has been controlled by a Conservative-Labour-Independent coalition. Councillors are elected every five years by the citizens of Aberdeen;

3. Under the Council's constitution it has financial procedure rules which incorporate the Chartered Institute of Public Finance and Accountancy (CIPFA) code of practice on treasury management and requires the Council to produce a treasury management policy and have it approved by the Council;

4. The Council is subject to the Local Government (Scotland) Act 1975 as amended and in large part replaced by the 2016 Regulations in relation to borrowing for capital expenditure purposes. Under the 2016 Regulations, each local authority must determine before the start of each financial year how much external debt it can afford during that financial year and each of the subsequent two financial years.

5. Copies of the annual report and statement of accounts are available at: www.aberdeencity.gov.uk ;