A financial audit committee has been established, says CEO Diane Hood (pictured left), to sort out the weaknesses in the council's financial management. The committee is meeting monthly, looking at how their income and expenditure statements are stacking up against the budget, and at their cash flow position.
If a service has been started, yet the grant funding for it has not been received, council can respond in a timely fashion, ie remind the funding body that it needs to pay up!
Ms Hood says two things in particular have contributed to the inconsistencies in council's financial records pointed out by the review. One is that the shires are only four years old and the "clean-up" of the transfer of assets from the old community councils has still not been finalised. Another is that council was not doing a good job in allocating costs to the specific service delivered. Doing this properly allows managers to see that one service is not "cross-subsidising" another, to set priorities and to be sure they are not over-spending. KIERAN FINNANE reports.