Issue - meetings

External Audit Financial Sustainability Letter

Meeting: 25/09/2024 - Audit and Governance Board (Item 11)

11 External Audit Financial Sustainability Letter pdf icon PDF 199 KB

Additional documents:

Minutes:

          The Board considered a letter received by the Council from the External Auditor (Grant Thornton UK LLP) regarding the Council’s financial sustainability. The letter raised the External Auditor’s concerns regarding significant weaknesses in the Council’s arrangements for securing value for money.

 

          It was noted that the Chief Executive and Director of Finance had met with the External Auditor to discuss the issues raised within the letter. The Council was aware of its financial position and ongoing financial challenges and was taking various steps to address them as a matter of urgency, whilst also continuing a dialogue with Government.

 

The comments made by Members regarding the timing of the letter were noted.  It was confirmed that this would be taken to the Labour Group meeting on 1 October.

 

          RESOLVED: That the contents of the letter from Grant Thornton UK LLP shown in the appendix be noted.