Agenda item

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. 

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.

7.3

The objector had been informed of the decision and had not objected within the relevant timescale.

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.