Report of the Head of Strategic Finance.
Minutes:
7.1 |
Dave Phillips, Head of Strategic Finance, presented a report which summarised the findings of the Council’s previous external auditor’s, KPMG, review of an objection to the 2016/17 accounts, into the Council’s Private Finance Initiative (PFI) Schemes.
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7.2 |
KPMG concluded that the Council did have the legal powers to enter the PFI contracts and the Council did not act unreasonably or irrationally when entering into the contracts.
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7.3 |
The objector had been informed of the decision and had not objected within the relevant timescale.
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7.4 |
RESOLVED: That the report be noted, along with the contents of the auditor’s Final view, including the positive conclusions in respect of the objection.
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Supporting documents: