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Skara Bohny04:55, May 29 2021
Braden Fastier/Stuff
The audit, risk and finance committee meeting on Tuesday this week had a whopping 201-page agenda, with a lot of different draft audit plans both internal and external on the plate.
After a hectic few weeks of Long Term Planning at the city council, it was back to the daily business this week with a meeting of the audit, risk and finance subcommittee and a city centre workshop (covered in another article). First up the draft of Audit New Zealand’s audit plan for the council s upcoming regular audit. Highlights include audit fees to council increasing next year by about eight or nine per cent, catching up after Covid-19 postponed the increase.
Thomas O Reilly, Sinn Fein. A LOCAL authority which borrowed £1.5 million from Fermanagh and Omagh District Council is scheduled to repay the funds on March 31, it has been confirmed. As the meeting to strike the rate for the coming financial year approaches, at least one councillor will be pleased, having previously remarked £1.5 million would be useful to “for instance, subsidise our rates this year”. Last week, members were provided with the Council’s financial position at the end of the third quarter of the financial year, which indicates a budget surplus of £3.7 million and reserves including a combined total of £6 million loaned out to other councils.