Agenda and draft minutes

Governance and Audit Committee - Thursday, 23rd July, 2026 2.00 pm

Venue: Council Chamber, County Hall, The Rhadyr, Usk, NP15 1GA

Contact: Democratic Services

Media

Items
No.	Item
1.	Declarations of Interest Minutes: No declarations of interest were made.
2.	Public Open Forum Minutes: No submissions were received.
3.	To note the Action List from the previous meeting. PDF 8 KB Minutes: Recording: View Item 3 (2:59) The Committee noted the Action List. One outstanding action remains in progress and is due for completion in October 2026. The action list was noted.
4.	SRS Annual Internal Audit Report – Torfaen CBC IA Team PDF 1009 KB Additional documents: GAC June 2025 - SRS Annual Report 2025-26 , item 4. PDF 283 KB Minutes: Recording: View Item 4 (3:20) The Committee received the Annual Internal Audit Report for the Shared Resource Service. Members considered the satisfactory audit opinion, cyber security arrangements and delivery of the audit programme. Action: Arrange a future update from SRS officers regarding cyber security and emerging risks. Resolved: To note the report and audit opinion.
5.	Monmouthshire County Council Draft Statement of Accounts 2025/26 PDF 237 KB Additional documents: 20260723 - G&AC - MCC Draft Statement of Accounts - Appendix 1 - Summary of accounts , item 5. PDF 810 KB Draft Accounts 2025.26 Published PD Signed , item 5. PDF 5 MB Background paper 1 - CIPFA understanding local authority financial statements , item 5. PDF 369 KB Minutes: Recording: View Item 5 (17:16) The Head of Finance presented the Draft Statement of Accounts for 2025/26. Members considered the pension fund position, school budget deficits, borrowing levels, reserves and related disclosures. Audit Wales confirmed that audit work was progressing in line with the agreed timetable. Actions: Review Gateway Credit Union disclosure wording. Review the Gwent County History Association related party disclosure. Resolved: To review and note the Draft Statement of Accounts 2025/26.
6.	Draft Annual Governance Statement 2025/26 PDF 1 MB Minutes: Recording: View Item 6 (57:02) The Committee received the Draft Annual Governance Statement and noted that governance arrangements were assessed as effective and fit for purpose. Members discussed information governance, organisational change and the Well-being of Future Generations (Wales) Act. Action: Officers to report back regarding the Committee's role in reviewing implementation of the Well-being of Future Generations Act. Resolved: To note the Draft Annual Governance Statement.
7.	Audit Wales Work Programme: Council Progress Update PDF 550 KB Minutes: Recording: View Item 7 (01:13:13) The Committee received an update on progress against Audit Wales recommendations and discussed performance information, value for money arrangements and data maturity. Actions: Share information relating to the data maturity assessment. Consider including indicative completion dates for ongoing actions. Resolved: To note the report.
8.	Governance and Audit Committee Forward Work Plan PDF 115 KB Minutes: Recording: View Item 8 (01:23:01) The Committee considered and noted the Forward Work Plan.
9.	To approve the minutes of the previous meeting PDF 295 KB Minutes: Recording: View Item 9 (01:23:03) The minutes of the previous meeting were approved as an accurate record.
10.	Date of Next Meeting: 10th September 2026 Minutes: Noted.