The Buckinghamshire Council Auditing Governance Committee convened to address several key issues, including the approval of the 2020-2021 statement of accounts, which had been significantly delayed. The committee also discussed internal audit plans, risk management, and the ongoing challenges with the Farland Park item.

1. Approval of the 2020-2021 Statement of Accounts: After extensive efforts and collaboration with external auditors, the committee approved the long-delayed accounts, noting two material misstatements related to asset valuations but confirming these did not impact the council's operational fund. The decision underscores the council's commitment to resolving past discrepancies and improving financial transparency. The approval marks a significant step in addressing the backlog of financial reporting and sets a precedent for timely future audits.

2. Farland Park Discussion: The committee reviewed updates on Farland Park, focusing on financial sustainability and operational models. Three main options were considered: adjusting the current model, outsourcing management, or a long-term leasing arrangement. The discussion highlighted the need for a solution that balances financial stability with community access, leaning towards leasing as the preferred option. This decision is pivotal for the park's future management and financial health, aiming to alleviate ongoing concerns about asset depreciation.

3. Internal Audit Plan for 2024-2025: The committee discussed the draft internal audit plan, emphasizing high-priority audits for the upcoming quarter. Members were invited to suggest additional audits, reflecting a proactive approach to governance and risk management. This decision is crucial for ensuring that the council's operations are scrutinized effectively, enhancing accountability and operational efficiency.

4. Risk Management Group Report: The committee noted the report without significant discussion, indicating ongoing satisfaction with current risk management strategies. This decision suggests confidence in the existing frameworks and processes to mitigate risks effectively.

Surprisingly, the meeting also addressed concerns about IT security and access, with discussions confirming improvements and tighter controls in place. This reflects the council's responsiveness to past criticisms and its commitment to safeguarding data and systems. The Buckinghamshire Council's Auditing Governance Committee meeting focused on welcoming new members to the committee. The new members include Councillor Barrett, Ms. Williams, Councillor Harris, and Mr. Barker along with his staff.