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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