Amendments to Final Accounts

Since the Fire Authority approved the Statement of Accounts 2008/09 on 3 July 2009 a number of amendments have been made:
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Amendments have been made to the Financial Statements to reflect further impairment costs (£14,000), on the Fire Authority's fixed assets.
Disclosure notes regarding financial instruments and FRS 17 pension adjustments have been expanded.
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The question of impairment of the value of land as a result of the economic downturn has not been resolved. On limited local evidence this could be significant, although showing impairment in the balance sheet would in itself have no consequences for the Authority. The Audit Commission's technical department has picked up an issue affecting the way all Police and Fire Authorities treat FRS 17 deficits in their general funds. The implications of this generally, and for the Fire Authority's accounts are still being explained. For information.

Parent meeting: 

10 September 2009

Status: 

Item no.: 

08

Legacy: