WEST MIDLANDS PENSION FUND FINANCIAL STATEMENTS
STATEMENT OF RESPONSIBILITIES
The Council’s Responsibilities The Council is required to: i) Make arrangements for the proper administration of its financial affairs and to secure that one of its officers has the responsibility for the administration of those affairs. In this council, that officer is the Assistant Director – Corporate Services (Section 151 Officer). ii) Manage its affairs to secure economic, efficient and effective use of resources and safeguard its assets. iii) Approve the Statement of Accounts.
The Assistant Director – Corporate Services (Section 151 Officer)’s Responsibilities The Assistant Director – Corporate Services (Section 151 Officer) is responsible for the preparation of the Council’s Statement of Accounts in accordance with proper practices as set out in the CIPFA/LASAAC Code of Practice on Local Authority Accounting in the United Kingdom (the Code). In preparing this Statement of Accounts, the Assistant Director – Corporate Services (Section 151 Officer) has: i) Selected suitable accounting policies and then applied them consistently. ii) Made judgements and estimates that were reasonable and prudent. iii) Complied with the Code. The Assistant Director – Corporate Services (Section 151 Officer) has also: i) Kept proper accounting records which were up to date. ii) Taken reasonable steps for the prevention and detection of fraud and other irregularities.
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Certification of the Assistant Director – Corporate Services (Section 151 Officer) I certify that the above responsibilities have been complied with and the Statement of Accounts herewith presents a true and fair view of the financial position of the council as at 31 March 2012 and its income and expenditure for the year ended the same date. Pat Main Assistant Director – Corporate Services (Section 151 Officer) 24 September 2012
Member Approval of the Accounts Responsibility for member approval of the Council’s Statement of Accounts lies with the Audit Committee. The Statement of Accounts was presented by the Assistant Director – Corporate Services (Section 151 Officer) to the Audit Committee on 24 September 2012, and was formally approved at that meeting. Councillor Keith Inston Chair, Audit Committee 24 September 2012