The Audit Committee of Scottish Borders Council convened on Tuesday, 25 June 2024, to discuss several key issues, including the council's annual assurance statement, the draft annual governance statement, and the draft annual report and accounts. Decisions were made to approve the draft annual governance statement and to submit the annual assurance statement to the Scottish Housing Regulator.

Annual Assurance Statement to the Scottish Housing Regulator

The committee reviewed the Annual Assurance Statement 2023-24 to the Scottish Housing Regulator. This statement is a requirement under the Scottish Housing Regulator's Regulatory Framework, which mandates that councils must provide assurance on their compliance with regulatory requirements. The committee discussed the contents of the statement, which included self-assessments of compliance and areas for improvement. The statement was approved for submission, with members highlighting the importance of transparency and accountability in housing services.

Draft Annual Governance Statement

The draft Annual Governance Statement 2023-24 was presented for approval. This document outlines the council's governance framework and its effectiveness over the past year. Discussions focused on the council's commitment to good governance practices, risk management, and internal controls. The committee approved the draft statement, noting that it reflects the council's ongoing efforts to maintain high standards of governance.

Draft Annual Report and Accounts

The committee examined the draft Annual Report and Accounts 2023-24. This comprehensive document includes financial statements, performance reports, and an overview of the council's activities over the past year. Key points of discussion included the council's financial health, budget management, and the performance of various council services. The committee acknowledged the challenges faced during the year and commended the efforts to maintain financial stability. The draft report and accounts were approved, subject to any final adjustments.

Connected Charities and Subsidiaries

The committee also reviewed the draft annual accounts for several connected charities and subsidiaries, including Bridge Homes and Lowood Tweedbank Limited. These accounts provide detailed financial information on the operations and performance of these entities. The committee discussed the financial results and governance arrangements for each entity, ensuring that they align with the council's overall objectives and regulatory requirements.

Council Budgets Briefing

A briefing on the council's budgets was also provided, as detailed in the briefing document. This included an overview of the current budgetary position, financial forecasts, and key budgetary pressures. The committee discussed strategies for managing budget constraints and ensuring the efficient use of resources. The importance of robust financial planning and monitoring was emphasised to maintain the council's financial health.