INTERNAL AND EXTERNAL AUDIT REPORTS FOR WESTLEIGH PARISH COUNCIL 2015 / 2016
Internal Audit Report 2015/16 – List of concerns and observations
1. Various fixed assets do not seem to be insured:
• Kissing gates
• Bench at Eastleigh
2. Telephone box – £1 rent not paid
3. There does not seem to be a fixed asset register.
4. There is no VAT on insurance – insurance tax is not reclaimable.
5 Items on the expenditure should be shown net of tax – i.e. without the VAT if the VAT is to be reclaimed. The VAT is then shown separately.
External Audit Report 2015/2016
Local councils are required to account for assets at purchase cost. The Council should reinstate 2016 figures on next year’s annual Return and write “reinstate” beneath the £ sign on the 2016 column.
Box 11 the trust fund disclosure was left unanswered for 2015/16. The Council confirmed it holds no trust funds.