Slough Council will sell more properties to plug financial hole
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Stormy conditions ahead for local audit, expert predicts
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Council capital spending to reach five-year high in post-Covid bounce
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Auditors have warned councillors further findings could be found in the 2019/20 and 2020/21 accounts
FLAWS found in Slough Council’s financial governance in 2018/19 accounts could be the tip of the iceberg, warn auditors. Councillors met at an annual full council meeting on Thursday, May 20, to discuss the external auditors, Grant Thornton UK LLP, two damning reports on the council’s financial governance. In their highly critical reports, they found the council had insufficient capacity and skills within the finance department, inadequate preparation of financial statements, inadequate general and earmarked revenue reserves, and inadequate governance, monitoring, and controls over outside groups and companies.