Regulation 10(1) of the Accounts and Audit (Wales) Regulations 2014 (as amended) requires that the responsible financial officer of Isle of Anglesey County Council sign and date the draft statement of accounts of the council.
This is to certify that the accounts present a true and fair view of the council’s financial position at the end of the financial year and the council’s income and expenditure for that year. The regulations require that this be completed by 31 May each year.
However, the regulations make provision for local authorities having to delay preparing and publishing their annual financial accounts on the basis that a notice is published on the relevant council’s website to explain why the draft accounts have been delayed.
This notice is to inform Anglesey citizens and stakeholders that the council’s draft statement of accounts for 2023 to 2024 will be delayed beyond 31 May 2024. This is due of the continuing impact of delayed prior year accounts due to the pandemic and technical accounting issues affecting the accounts of all local authorities.
Welsh Government’s expectations for the revised timescales for the preparation and publication of local authorities’ 2023 to 2024 statement of accounts are shown on this page. Welsh Government has recognised that “following the pandemic and infrastructure assets (such as roads, footpaths, street lighting and street furniture), audit issues raised last year”, there is an ongoing impact on local authority staff resources and there may be additional work to finalise the accounts this year.
Welsh Government's suggested timetable for publication
Draft statement of accounts
- Statutory deadline: 31 May 2024
- Extended deadline: 30 June 2024
Audited statement of accounts
- Statutory deadline: 31 July 2024
- Extended deadline: 30 November 2024