Report of the Head of Strategic Finance
Minutes:
9.1 |
The Head of Strategic Finance submitted a report which summarised the findings of the external auditor’s (KPMG) review of an objection of the 16/17 accounts into the Council’s Lender Option Borrower Option (LOBO) loans.
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9.2 |
Similar objections had been received by Council’s around the country and KPMG had carried out a full investigation and concluded that no further action was required in respect of the objection. The full report of KPMG was attached to the report.
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9.3 |
RESOLVED that the Committee note the report and the auditor’s conclusion that no further action was required in respect of the objection.
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Supporting documents: