'Serious weaknesses' have been revealed in the report
Urgent action is needed at Nottingham City Council to "avoid the risk of inappropriate financial activity" according to a new report which highlights issues including missing records. The authority says more may need to be spent on improving its finance systems in the wake of the report, which says the council's ability to provide "proper financial stewardship" is being held back.
The report comes as an Improvement and Assurance Board monitoring improvements at Nottingham City Council, in the wake of issues including the HRA spending and the collapse of Robin Hood Energy, remains in place. The IAB's most recent report described a "lack of urgency" at the council in terms of those improvements.
Ross Brown, the Corporate Director Finance and Resources at Nottingham City Council, aid: "We've been undertaking detailed work since significant issues were found with our Housing Revenue Account, including how we receive and process ring-fenced grants which are allocated to the council for a certain projects or areas of our work.
In terms of why EY's full report is not being published, the council says there are exempt documents attached to its report which "contain information relating to the financial and business affairs of third parties." The council also says: "It is not in the public interest to disclose this information because full disclosure at this stage may impact on further activity that still needs to be undertaken.
"These weaknesses limit the council’s ability to effectively discharge its legislative responsibilities." The council also says: "As much as the findings quite rightly focus on the system and process failings, the cultural and organisational limitations should not be lost as it is a significant contributing factor in the matters raised.
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