Decision details

To seek approval for the revised 2018/19 Internal Audit Consortium business plan.

The Internal Audit Consortium Manager presented a report to update the Joint Board on the progress made by the Internal Audit Consortium during 2017/18 and to seek approval for the Business Plan (budget) for the Consortium for 2018/19.

The report included a progress summary on staffing, working procedures, and internal audit plans for the 3 authorities.  The Risk Register for the Internal Audit Consortium had been updated and was attached at Appendix C to the officer’s report.

It was noted that the revised business plan for 2017/18 now predicted a surplus of £15,770.  The estimated accumulated surplus at the end of 2017/18 was £35,770; it was proposed that £20,000 would be retained as a working balance with the remainder (£15,770) distributed to the partner authorities.

The Internal Audit Consortium Manager advised that the draft business plan for 2018/19, as attached at Appendix A to the officer’s report, had been prepared based on the FTE of 8.7 posts.  It was noted that the draft budget had reflected provision for pay awards.

AGREED –

1.   That the progress made by the Internal Audit Consortium be noted.

2.   That the revised business plan (budget) for 2017/18 and the draft Internal Audit Consortium Business Plan (and associated charges) for 2018/19, be approved.

3.   That any accumulated surplus of the Internal Audit Consortium at 31 March 2018 (less £20K to be held as a working balance) be distributed to partner authorities.

4.   That an annual report on the outcome of the operation of the Internal Audit Consortium for 2017/18 be submitted to the Joint Board following the year end.