Issue - meetings

The Section 151 Officer reported that the accounting policies adopted by the Council determined the accounting treatment that was applied to transactions during the financial year and in the preparation of the Statement of Accounts at the year end.  They determined the specific principles, bases, conventions, rules and practices that would be applied by the Council in preparing and presenting its financial statements.

The approval of the accounting policies to be applied by the Council demonstrated that due consideration was being given to which policies to adopt and apply and that those charged with governance were fully informed prior to the commencement of the Statement of Accounts preparation of the policies that were being adopted.

Moved by Councillor Tom Munro and seconded by Councillor Nick Clarke

RESOLVED that the accounting policies detailed at Appendix 1 to the report, be approved.