Agenda item

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.

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.

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.