Uttlesford District Council named in top ten per cent for financial reporting
PUBLISHED: 09:00 26 December 2016
Quality and punctual financial reporting from Uttlesford District Council means it has been named in the top ten per cent of public authorities for its accounts in a report this week (December 20).
The Public Sector Audit Appointments reported that UDC was one of only 49 authorities to get an early unqualified opinion on its accounts for 2015 to 2016 by 31 July this year.
An unqualified opinion means the auditor has given the accounts a stamp of approval that they are fairly and appropriately presented, and in accordance with Generally Accepted Accounting Principles.
UDC has had an unqualified opinion on its Statement of Accounts for the last eight years in a row.
The majority of other authorities had received it by September 30.
Uttlesford District Councillor for finance, Simon Howell, said: “I am very pleased Uttlesford has been listed in the top 10 per cent of councils for its financial reporting, both in terms of quality and timeliness.
“In two years’ time all public authorities will need to have their statement of accounts audited by the earlier time of July, instead of September, so to achieve this ahead of schedule this year is good practice.
“The report also shows that the council is clearly working hard to ensure it is achieving the appropriate standards in its stewardship of taxpayers’ money.”
To view the council’s Statement of Accounts, which outlines incomings and outgoings, visit www.uttlesford.gov.uk/soa2015-16