Issue - meetings

The Opening the Books project was launched by the Mayor in July 2022 to improve the Council’s understanding of current financial risks and to work towards a sustainable financial future. The project has had a number of facets including the commissioning of a series of reviews by Worth Technical Accounting Solutions. The resulting reports are presented here to Cabinet with the recommendation that the Audit and Governance Committee be asked to debate them at a future meeting, scheduled for 3 March 2023. The reports are being shared in full under the Mayor’s openness and transparency ethos with nothing hidden. The recommendations made by Worth TAS are accepted in their entirety by the Council and are set out in the action plan in Appendix F. It is recommended that progress against these recommendations is monitored by the Audit and Governance Committee through to completion.

RESOLVED: To

1.1.         To accept and refer the Worth Technical Accounting Solutions reports to the Audit and Governance Committee for debate.

1.2.         Request that the Audit and Governance Committee monitor the implementation of the recommendations from the reports.