Agenda and minutes

Audit Committee - Tuesday, 3rd November, 2015 10.30 am

Venue: Authority Chamber, Merseytravel Offices, No 1 Mann Island, Liverpool, L3 1BP

Contact: Michelle Keating, 0151 330 1086 

Items
No. Item

8.

Declarations of Interest

Minutes:

There were no declarations of interest made.

 

 

9.

Minutes of the Last Meeting pdf icon PDF 75 KB

Minutes:

Resolved that the minutes of the last meeting held on 28 July 2015 be approved as a correct record, subject to the addition of the word ‘Deputy’ to the fifth line of minute 2, to read ‘That Councillor N Killen be appointed Deputy Chair for the ensuing year.’

 

 

 

 

10.

Liverpool City Region Combined Authority Risk Management pdf icon PDF 76 KB

To consider a presentation concerning the Liverpool City Region Combined Authority’s Risk Management.

 

 

 

 

Minutes:

The Committee received a presentation from the Treasurer, John Fogarty, regarding the Liverpool City Region Combined Authority’s Risk Management.

 

Councillor Polhill referred to the mention in the presentation of the need for effective working with delivery partners such as Network Rail and asked, based on previous experiences of working with the company, how the risk would be mitigated. Mr Fogarty advised that a number of projects were currently on-going in conjunction with Network Rail such as the Rolling Stock, Halton Curve and Newton-Le-Willows. Good relationships had been developed at senior level and it was important for that to now be replicated locally. A significant amount of work had recently been done to improve contact on a regional level and ensure the company had a stake in the projects. Network Rail was a key delivery partner in all major projects and there was a need for the governance arrangements to tie the company in to delivery.

 

With regard to economic growth and the health of the community, Councillor Killen commented that the two biggest factors were employment and housing and enquired as to whether training was available for young people to acquire the skills that would be required 15 to 20 years in the future. Mr Fogarty advised that in terms of risk it was critical that there was awareness of the Combined Authority’s intention to spend resources in a coherent way. For example the significant amount of money spent on transport services through the levy was done in a way that matched housing and employment and skills. In particular, the employment and skills growth fund was based around the Employment and Skills Board, which had criteria for investment that was very much linked to specific activities in specific areas to benefit future industries, interventions and the future of employment in the Liverpool City Region. It was about ensuring that money was spent appropriately to address future needs and not what had been delivered in the past.

 

Resolved that the contents of the presentation be noted.

 

 

11.

Liverpool City Region Combined Authority Audit Committee - Quarterly Update pdf icon PDF 84 KB

To consider a report of the Treasurer concerning an update on the internal audit work undertaken during the second quarter of 2015/16.

 

 

Minutes:

The Committee considered a report of the Treasurer regarding an update on the internal audit work undertaken during the second quarter of 2015/16; July to September.

 

Resolved that:-

 

a)        the overview of work undertaken on behalf of the Combined Authority during the second quarter of 2015/16 be noted;

 

b)        further updates in respect of internal audit work undertaken in accordance with the proposed plan of work during the year be requested.

 

 

12.

Liverpool City Region Combined Authority Final Accounts 2014/15 pdf icon PDF 66 KB

To consider a report of the Treasurer concerning an update of the final accounts audit performed by the External Auditors.

 

 

Additional documents:

Minutes:

The Committee considered a report of the Treasurer regarding an update of the final accounts audit performed by the Liverpool City Region Combined Authority’s external auditors, KPMG.

 

Councillor Carr referred to the establishment of the Merseytravel Audit, Risk and Governance Board and asked Ian Warwick of KPMG his opinion on it and also asked when the accounts were expected to be finalised after they were delayed due to an objection. Mr Warwick advised that he was in favour of the Board; audit boards were common amongst Passenger Transport Executives and provided the opportunity to challenge the auditors in more detail, as well as ensuring that the organisation had a strong regulatory side. The addition of Non-Executive Directors also provided valuable external knowledge. With regard to the accounts, work was underway with completion of the final report expected by the end of November.

 

Councillor Carr also enquired and received clarification that the proceedings of the Merseytravel Audit, Risk and Governance Board would be available in the public domain, with the exception of exempt matters.

 

Resolved that the external auditors’ report and opinion upon their audit of the Liverpool City Region Combined Authority final accounts for 2014/15 be noted.