Statement of accounts
The statement of accounts is the formal audited accounts of the county council. Its purpose is to give you an overall impression of the finances of the county council.
The Accounts and Audit (Coronavirus) Amendments Regulations 2020 extend the statutory deadlines for 2019/20 for all local authorities.
Changes to financial reporting deadlines for 2019/20
In response to an unprecedented situation relating to the COVID-19 pandemic and the need to reduce the immediate pressure on councils and auditors to meet statutory audit deadlines, the Accounts and Audit Regulations 2015 have been amended to allow the publication of the statement of accounts and public inspection of the accounts to be delayed.
Publication of draft accounts
The unaudited statement of accounts will be published on the council's website no later than 31 August 2020.
Public inspection period
To give local authorities more flexibility, the requirement for the public inspection period to include the first 10 working days of June has been removed. Instead, local authorities must commence the public inspection period on or before the first working day of September 2020.
The commencement of the public inspection period will be published on the council's website.
Publication of the audited accounts
The publication date for audited accounts will move from 31 July to 30 November 2020 for all local authority bodies.
- Statement of Accounts 2018-19 (PDF 7 MB)
- Statement of Accounts 2017-18 (PDF 6 MB)
- Statement of Accounts 2016-17 (PDF 3.85 MB)
- Statement of Accounts 2015-16 (PDF 3.47 MB)
- Statement of accounts 2014-15 (PDF 1.6 MB)
- Statement of accounts 2013-14 (PDF 3.54 MB)
- Statement of accounts 2012-13 (PDF 2.46 MB)
As a registered elector you have legal rights to inspect, ask questions about and challenge items in the council's accounts.
Notice of appointment of auditor from 2018/19
Under Section 8(2) of the Local Audit and Accountability Act 2014, the Council must publish a notice relating to the appointment of its local auditor.
For audits of accounts from 1 April 2018, Public Sector Audit Appointments Limited (PSAA) is responsible for appointing an auditor to principal local government and police bodies that have chosen to opt into its national auditor appointment arrangements. Lancashire County Council opted into this arrangement.
On 14 December 2017, the PSAA board approved the appointment of Grant Thornton (UK) LLP to audit the accounts of Lancashire County Council and Lancashire Pension Fund for a period of five years, covering the accounts from 1 April 2018 to 31 March 2023. This appointment is made under Regulation 13 of the Local Audit (Appointing Person) Regulations 2015.