NOTTINGHAM CITY COUNCIL

AUDIT COMMITTEE

Explanation of Terms

Date:25 February 2011

Time:10.00am

Place:LB 31 at Loxley House, Station Street

Councillors are requested to attend the above meeting on the date and at the time and place stated to transact the following business.

Deputy Chief Executive/Corporate Director for Resources

Constitutional Services Officer: Rachel Mottram Direct dial - 8764295

1		APOLOGIES FOR ABSENCE
2		DECLARATIONS OF INTERESTS Councillors, colleagues or other participants in meetings are requested to declare any personal or personal and prejudicial interest in any matter(s) on the agenda
3		MINUTES (opens Word document in a new window) Last meeting held on 17 December 2010 (for confirmation) (101 Kb)	Attached
4		PROGRESS AGAINST ACTIONS FROM PREVIOUS MEETINGS - VERBAL UPDATE
5		INTERNAL AUDIT QUARTERLY REPORT 2010/11 3RD QUARTER (opens Word document in a new window) Report of Deputy Chief Executive/Corporate Director for Resources (304 Kb)	Attached
6		ANNUAL GOVERNANCE STATEMENT - PROGRESS MADE TO DATE ON ISSUES REPORTED 2009/10 AND PROCESS FOR PRODUCING 2010/11 STATEMENT (opens Word document in a new window) Report of Deputy Chief Executive/Corporate Director for Resources (4434 Kb)	Attached
7		PROGRESS REPORT (opens PDF document in a new window) Report of District Auditor, Audit Commission (86 Kb)	Attached
8		AUDIT OPINION PLAN (opens PDF document in a new window) Report of District Auditor, Audit Commission (295 Kb)	Attached
9		CERTIFICATION OF CLAIMS AND RETURNS - ANNUAL REPORT (opens PDF document in a new window) Report of District Auditor, Audit Commission (239 Kb)	Attached
10		INTERNATIONAL FINANCIAL REPORTING STANDARDS - REINSTATEMENT OF 2009/10 FINANCIAL STATEMENTS (opens PDF document in a new window) Report of Deputy Chief Executive/Corporate Director for Resources (2374 Kb)	Attached
11		PROPOSED AMENDMENTS TO THE ACCOUNTS AND AUDIT REGULATIONS 2003 (opens Word document in a new window) Report of Deputy Chief Executive/Corporate Director for Resources (43 Kb)	Attached
12		STRATEGIC RISK REGISTER QUARTER 3 2010/11 UPDATE (opens PDF document in a new window) Report of the Deputy Chief Executive/Corporate Director for Resources (439 Kb)	Attached
13		CANCELLATION OF NEXT MEETING To consider cancelling the next meeting of the committee due to be held on 29 April 2011
14		INTERNAL AUDIT REPORT SELECTED FOR EXAMINATION (opens PDF document in a new window) Report of Deputy Chief Executive/Corporate Director for Resources (1106 Kb)	Attached
15		TO CONSIDER EXCLUDING THE PUBLIC FROM THE MEETING DURING CONSIDERATION OF THE NEXT AGENDA ITEM OF BUSINESS IN ACCORDANCE WITH SECTION 100A(4) OF THE LOCAL GOVERNMENT ACT 1972 ON THE BASIS THAT, HAVING REGARD TO ALL THE CIRCUMSTANCES, THE PUBLIC INTEREST IN MAINTAINING THE EXEMPTION OUTWEIGHS THE PUBLIC INTEREST IN DISCLOSING THE INFORMATION
16		INTERNAL AUDIT REPORT SELECTED FOR EXAMINATION - EXEMPT APPENDIX Report of Deputy Chief Executive/Corporate Director for Resources	Attached
17		NOTE TO COMMITTEE The committee will consider the remaining item acting under the delegation given to it by the Council (the Council being the sole trustee of the Bridge Estate, Harvey Hadden Stadium Trust and Highfields Leisure Park Trust)
18		CHARITIES UPDATE - BRIDGE ESTATE (opens PDF document in a new window) Report of Deputy Chief Executive/Corporate Director for Resources (2644 Kb)	Attached
		CITIZENS ATTENDING MEETINGS ARE ASKED TO ARRIVE AT LEAST FIFTEEN MINUTES BEFORE THE START OF THE MEETING TO BE ISSUED WITH VISITOR BADGES
	(-)	TREASURY MANAGEMENT STRATEGY 2011/12 - URGENT ITEM CONSIDERED AT THE MEETING (opens PDF document in a new window) Report of Deputy Chief Executive/Corporate Director for Resources (10703 Kb)	Attached
		IF YOU ARE UNSURE WHETHER OR NOT YOU SHOULD DECLARE AN INTEREST IN A PARTICULAR MATTER, PLEASE CONTACT THE COMMITTEE ADMINISTRATOR SHOWN ON THIS AGENDA, IF POSSIBLE, BEFORE THE DAY OF THE MEETING, WHO WILL PROVIDE ADVICE IN THE FIRST INSTANCE.