Reading to receive £210k Brexit funding and other financial tales

Budget – Honore Daumier, Comme Sisyphe.

Reading Borough Council (RBC) will present the budget for the coming financial year and a medium term financial strategy (MTFS) for the next three years until 2022 at the policy committee on 18 February.

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No, we are not there yet!

Reading Borough Council (RBC) is creeping slowly towards finalising their accounts for the year ended 31 March 2017 but the last few steps are painful. The report to last week’s Audit & Governance committee had explained how all the property valuations required had been received and that the accounts were being updated with final adjustments. However we learned on the night that things were not that simple.

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Reading Borough Council accounts 2016/17 expected to be qualified

An Inca quipucamayoc with quipu and yupana

The Reading Borough Council (RBC) financial year 2016/17 ended on 31 March 2017. The statutory deadline for signing off its accounts was 30 September 2017. The report going to the next RBC Audit and Governance committee on 27 September 2018 says that this sign-off is not now expected until October or early November; this is over a year late.

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Up Holy Brook without a paddle: Interview with Audit and Governance Chair

Interview with David Stevens.
Venue: Sweeney & Todd.
Date: Friday 1 December 2017 @ 18:00

The Whitley Pump had a conversation with David Stevens (Conservative), chair of the Reading Borough Council (RBC) Audit & Governance committee (A&G). Over a pint in one of our favourite venues in Reading he helped us understand how he sees his responsibilities and accountability. The good ship RBC is attempting to deliver the accounts 2016/17 for audit by Xmas and the same times as getting to grips with managing the 2017/18 budget, struggling with reconciliations and attempting multiple computer software upgrades and changes.

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The next episode of “up Holy Brook without a paddle”: the RBC Audit and Governance committee – a satire?

A dour set of councillors trooped into the council chamber for the Reading Borough Council (RBC) audit and governance committee meeting on 21 November to find out if the captain, chief executive Peter Sloman, and his first mate, strategic finance director Peter Lewis, had any good news for them about their voyage to get the accounts sorted out.

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Woe, woe and thrice woe!

Audit & Governance Committee 28 September 2017 (councillors are on the right hand side of the table; council officers and Ernst & Young auditors on the left; chair, directors and committee adminstrator are at the head of the table)

After tossing and turning for the last twelve months grappling with the possibility that something was not right in the subterranean world of Reading Borough Council’s (RBC) accounts department, the council’s audit & governance committee have woken up with a start. Things are not getting better; they are getting worse.

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