Members noted the assessment by the designed Section 151 Officer of the Council’s Going Concern status. The concept of a ‘going concern’assumes that an authority, its functions and services would continue in operational existence for the foreseeable future. This assumption underpins the accounts drawn up under the Local Authority Code of Accounting Practice and was made because local authorities carry out functions essential to the community and are themselves revenue-raising bodies (with limits on their revenue-raising powers arising only at the discretion of central government).