Almost £1m budget shortfall in EDDC’s accounts next tax year

5 Nov

An interesting paragraph in EDDC’s external auditors report included with agenda papers for the Audit and Governance Committee meeting next week:

Whilst we concluded that the Council’s arrangements for securing financial resilience and challenging how it secures economy, efficiency and effectiveness are adequate, the Council continues to face significant financial challenges over the medium term. Due to further reductions in government funding the Council is seeking to address a budget shortfall of £1.5 million over the next three years, with a shortfall of £920,000 for 2014-15. Although the Council has made good progress identifying options to close the budget gap, there remain uncertainties and risks, and the Council should ensure appropriate monitoring and reporting of performance against agreed saving plans. 



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