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.
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.
Reading is one of 50 local authorities that failed to deliver annual accounts for the year ended 31 March 2018 by the statutory deadline of the end of July. It is also one of only seven councils that have still not completed accounts for the 2016/17 financial year.
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.
Is no news good news? The Whitley Pump antennae are trained downhill on the Civic Offices hoping to pick up any crackle that would indicate some progress on the production of Reading Borough Council’s (RBC) accounts for the two previous years.