Financial Management

Our Accounts

All councils have to prepare a Statement of Accounts. These accounts show our financial performance and detail our finances. These accounts include the Isle of Wight Council Pension Fund and the Firefighters Pension fund. They are prepared in accordance with the Code of Practice on Local Authority Accounting.

The Ministry of Housing, Communities and Local Government (MHCLG)  put in place revised regulations (The Accounts and Audit (Amendment) Regulations 2021) that came into force on 31 March 2021and these extended the statutory audit deadlines for 2020/21 and 2021/22. The external audit of the statement of accounts for the year ended 31 March 2021 has now been completed by the council’s external auditors, EY LLP, and the Audit Committee has approved the accounts at its meeting on 6 December 2021. The final audited accounts are published below.

 

You have the right to inspect our accounting records and documents. The Local authority accounts: A guide to your rights, explains the legal position regarding your rights. The guide is provided by the National Audit Office and will be updated with the revised dates in due course. Under the revised regulations, we must commence the public inspection period on or before the first working day of August.

The documents that we are required to publish can be viewed below:

Our transparency web page provides information on details of financial transactions.

Our pensions web page provides information on both pension funds including annual reports.

To view or download previous years versions of the above documents, search our document library.