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Viability concerns after Covid 'ruthlessly exposed' city's weakness | Local Government Chronicle (LGC)


Auditors have expressed serious concern over the future viability of Peterborough City Council, which is involved in high level discussions with the Ministry of Housing, Communities & Local Government over support measures to help it meet next year’s budget gap of £36m.
In an report on the council’s 2019-20 accounts which went before the council’s audit committee on Monday, auditors EY say they have “serious concerns” about the council s “current and future financial resilience and ability to remain viable” following the Covid-19 outbreak.
Auditors also questioned Peterborough’s ability to meet their value for money duty without either support from the government or significant unplanned reduction in services . They expect to issue a qualified opinion on the council s ability to deliver value for money. ....

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