Annual Audit Letter

Summary

From my financial audit work I have concluded that the Authority’s resources were, in all material respects, properly used and accounted for in 2008-09:

• the Authority’s 2008-09 accounts were properly prepared and materially accurate;
• the Authority met its key financial targets for 2008-09;
• the Authority had effective financial management arrangements; and
• the Authority’s significant financial systems were fit for purpose.

The Authority has appropriate corporate arrangements in place to support effective use of resources:

• the Authority had proper arrangements in 2008-09 to help it achieve economy, efficiency and effectiveness in its use of resources;
• the Authority continues to perform well, demonstrating effective arrangements for the management of its resources; and
• performance audit work supports my conclusion about the arrangements to secure economical, efficient and effective services.