4. Financial information 2023/24
Statement of Accounts 2023/24
The annual outturn report and accounts set out our overall financial position, detailing the financial transactions relating to our activities for the last financial year. The financial statements are prepared in accordance with the CIPFA Code of Practice on Local Authority Accounting. The statement of accounts is independently audited and certified by Grant Thornton, who produces an annual audit letter.
EDDC Statement of Accounts 2023/24 - FINAL including backstop certificate
Notices
Regulation 16 (1) of the Accounts and Audit Regulations 2015 requires us to publish a statement that explains:
- that the audit has been completed
- that the statement of accounts has been published
- the rights of inspection as discussed in local government by Section 25 of the Local Audit and Accountability Act 2014, and the address and hours when it may be exercised
We cannot issue this statement because the audit has not concluded. The Statement of Accounts has been published and can be found below. The notice will be issued when we receive our audit certificate.
Notice of appointment of Auditor from 2023/2024
Public Sector Audit Appointments Limited (PSAA) is responsible for appointing an auditor to principal local government and police bodies that have chosen to opt into its national auditor appointment arrangements. East Devon District Council opted into this arrangement.
The PSAA board approved the appointment of Grant Thornton (UK) LLP to audit the accounts of East Devon District Council for a period of five years, covering the accounts from 1 April 2023 to 31 March 2028. This appointment is made under regulation 13 of the Local Audit (Appointing Person) Regulations 2015.
Our spending plans 2023/24
East Devon spending plans for 2023/24 is detailed in the Council's approved Revenue and Capital Estimates 2023-2024
Treasury Management
Treasury management is the management of the local authority’s investments and cash flows, its banking, money market and capital market transactions; the effective control of the risks associated with those activities; and the pursuit of optimum performance consistent with those risks.
The Treasury Management Strategy covers:
the capital plans (including prudential indicators);
a minimum revenue provision (MRP) policy (how residual capital expenditure is charged to revenue over time);
the treasury management strategy (how the investments and borrowings are to be organised) including treasury indicators; and
an investment strategy (the parameters on how investments are to be managed).
Treasury Management Strategy Statement 2023/24
The Council also has an approved Capital Strategy which draws together various adopted strategies and agreed process of the Council that govern how the Council manages capital expenditure and investment decisions. The Capital Strategy brings these areas together in one overarching document.