The Government brought in commissioners last year to oversee the council’s finances
Nottingham City Council ’s financial officers say improvements are progressing as part of widespread change in how it manages money. after it declared effective bankruptcy in November.
As of the end of last month, 85 per cent of the council’s financial goals identified in the plan have either been completed, or are in progress. But some councillors expressed their worries about the management and monitoring of the plan.Cllr Sajid Mohammed expressed his ‘anxiety’ around the financial predictions and said: “If we are not getting the budget forecast bang on at the beginning, we are always going to be playing catch up.
Cllr Michael Edwards said: “What have you got in this framework that gets staff to read this on a monthly basis to say yeah, ‘things are on track’ or actually ‘no something’s happened’? Shabana Kausar, Director of Finance, responded: “We rolled out financial accountability statements this year, which requires that all budget managers signed their budget accountability statement, what their responsible for and what they should be doing.”
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