agenda of city audit committee meeting - 20 october 2014
TRANSCRIPT
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CITY OF ARMADALE
AGENDA
OF CITY AUDIT COMMITTEE TO BE HELD IN THE COMMITTEE ROOM,
ADMINISTRATION CENTRE, 7 ORCHARD AVENUE, ARMADALE ON MONDAY, 20
OCTOBER 2014 AT 5:30 PM.
A meal will be served at 6:15 p.m.
PRESENT:
APOLOGIES:
OBSERVERS:
IN ATTENDANCE:
DECLARATION OF MEMBERS’ INTERESTS
PUBLIC QUESTION TIME
Note:
Meetings of the City Audit Committee are closed to the public on the basis that matters to be
dealt with by Committee will generally be of a sensitive and confidential nature which, if
disclosed could reasonably be expected to impair the effectiveness of the audit process –
Council resolution CS18/2001 refers.
DEPUTATION
Nil
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CITY AUDIT 2 20 OCTOBER 2014
COMMITTEE
CONFIRMATION OF MINUTES
RECOMMEND
Minutes of the City Audit Committee Meeting held on 17 March 2014 be
confirmed.
“For details of Councillor Membership on this Committee, please refer to the City’s website
– www.armadale.wa.gov.au/your council/councillors.”
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CONTENTS
CITY AUDIT COMMITTEE
20 OCTOBER 2014
1. FINANCIAL MANAGEMENT & PLANNING
1.1 2013-2014 FINANCIAL REPORT AND AUDITOR'S REPORT ..................................................4
2. COUNCILLORS’ ITEMS
NIL .............................................................................................................................................................. 7
SUMMARY OF “A” ATTACHMENTS ........................................................................................................ 8
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CITY AUDIT 4 20 OCTOBER 2014
COMMITTEE - Financial Management & Planning
1.1 - 2013-2014 FINANCIAL REPORT AND AUDITOR'S REPORT
WARD
: ALL In Brief:
This Report presents the Annual
Financial Report and Auditor’s Report
for the financial year ended 30th
June
2014 for Council’s consideration and
acceptance;
In presenting the Auditor’s Report it is
to be noted that in the Auditor’s
opinion, the financial report-
(a) gives a true and fair view of the
City’s financial position as at 30th
June
2014, and
(b) complies with all relevant
legislative requirements and
Accounting Standards.
The Report Recommends that the
Financial Report and Auditor’s Report
for the financial year ended 30th
June
2014 as presented, be accepted without
amendment for inclusion in the City’s
2013-2014 Annual Report.
FILE No.
: M/760/14
DATE
: 15 October 2014
REF
: CT
RESPONSIBLE
MANAGER
: Executive Director
Corporate Services
Tabled Items
Nil
Officer Interest Declaration
Nil
Strategic Implications
Outcome – 4.1 – Good governance and leadership
Strategy – 4.1.4 – support an audit committee to assist accountability and good governance
Legislation Implications
Local Government Act 1995 (as amended) and associated Regulations
Australian Accounting Standards
International Financial Reporting Standards
Council Policy/Local Law Implications
Nil
Budget/Financial Implications
Nil
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CITY AUDIT 5 20 OCTOBER 2014
COMMITTEE - Financial Management & Planning
Consultation
Council’s Auditor
Chief Executive Officer
BACKGROUND
The relevant legislative requirements as per the Local Government Act 1995 and the Local
Government (Audit) Regulations 1996, are explained as follows:-
section 6.4 – a local government is to prepare an annual financial report in the manner
and form prescribed and by 30th
September submit to its Auditor the accounts balanced
up to the last day of the preceding year and the annual financial report - the City’s annual
financial report was forwarded to the auditor on 15th
September 2014.
section 7.9 – the Auditor is required to examine the accounts and annual financial report
and by 31st December, prepare a report thereon and forward a copy of that report to the
Mayor, CEO and the Minister. The Auditor examined the accounts in mid-September and
more recently has examined the financial report.
Clause 10 (of the Regulations) – the auditor’s report is to give the auditor’s opinion on the
financial position of the local government, the results of the operations of the local
government, include any material matters that in the opinion of the auditor indicate
significant adverse trends in the financial position or the financial management practices
of the local government and include any matters indicating non-compliance – the
auditor’s draft report is now to hand and is presented in this Agenda for Council to
consider and accept for inclusion in the 2014 Annual Report – the auditor’s report is free
of any qualifications which is a pleasing result.
Clause 16 (of the Regulations) – a function of the audit committee is to review and make
recommendation to Council on the annual financial report and auditor’s report – this
meeting of the City Audit Committee facilitates this function.
DETAILS OF PROPOSAL
Presented at Attachment A-1 to this Report is the Annual Financial Report and Auditor’s
Draft Report for the financial year ended 30th
June 2014.
COMMENT
As mentioned above, the annual financial report has been completed and the Auditor has
issued his draft Auditor’s Report which contains no qualifications.
Several months ago the Auditor advised the City of a minor change in his year end audit
process, that change being to issue and present to audit committees in the first instance a draft
of his Report following which and barring any agreed changes, he would then issue his final
Report (the past practice has been for the auditor to issue his final Report rather than a draft
to audit committees).
The other aspect for Committee and Council to note is that this Report and the Report to the
October 2014 City Strategy Committee meeting on the Annual Report will collectively meet
the requirements of section 5.53 of the Local Government Act 1995 in terms of what the
annual report shall contain.
Council’s Auditor Mr Macri and Mr Tan (Manager – Audit & Assurance) will be in
attendance to present the Auditor’s Draft Report and take queries from Committee.
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CITY AUDIT 6 20 OCTOBER 2014
COMMITTEE - Financial Management & Planning
CONCLUSION
It is recommended that the annual financial report and Auditor’s Report as presented at
Attachment 1 to the Report be accepted and included in the City’s 2013-2014 Annual Report.
RECOMMEND
That Council, in accordance with section 5.54 of the Local Government Act
1995, accepts* for inclusion in the City’s 2013-2014 Annual Report, the
Annual Financial Report and Auditor’s Report for the financial year ended
30th June 2014 as presented at Attachment 1 to this Report.
**ABSOLUTE MAJORITY RESOLUTION REQUIRED
ATTACHMENTS 1. Auditor's Report and Annual Financial Report for Year Ended 30th June 2014
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CITY AUDIT 7 20 OCTOBER 2014
COMMITTEE - Financial Management & Planning
COUNCILLORS’ ITEMS
Nil
MEETING DECLARED CLOSED AT ___________
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CITY AUDIT COMMITTEE
SUMMARY OF “A” ATTACHMENTS 20 OCTOBER 2014
ATT
NO. SUBJECT PAGE
1.1 2013-2014 FINANCIAL REPORT AND AUDITOR'S REPORT
1.1.1 Annual Financial Report for Year Ended 30th June 2014 9
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City Audit 9 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 10 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 11 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 12 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 13 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 14 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 15 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 16 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 17 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 18 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 19 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 20 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 21 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 22 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 23 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 24 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 25 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 26 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 27 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 28 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 29 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 30 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 31 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 32 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 33 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 34 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 35 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 36 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 37 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 38 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 39 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 40 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 41 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 42 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 43 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 44 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 45 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 46 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 47 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 48 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 49 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 50 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 51 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 52 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 53 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 54 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 55 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 56 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 57 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 58 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014
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City Audit 59 ATTACHMENT 1.1.1 COMMITTEE - 20 October 2014