At the end of each financial year each council has to publish a formal Statement of Accounts. This provides information about our expenditure and income and our financial standing.
The Statement of Account has been compiled in accordance with a statutory framework and proper accounting practices as defined in the Local Authority Accounting Code of Practice. The Statement of Accounts is subject to examination by an independent auditor appointed by Public Sector Appointments Limited.
Each councils' financial year ends on 31 March and our statutory Chief Finance Officer (the Deputy Chief Executive) signs the draft Statement of Accounts by 31 May. Members of the public are able to examine each councils' draft accounts and ask questions of the independent auditor. The audited accounts are published by 31 July (30 September for financial years prior to 2017-18).
The independent auditors of both councils are: BDO LLP of 55 Baker Street, London W1U 7EU.