At the full council meeting on 22 February 2018, members agreed to accept the Section 114 Notice issued on Friday 2 February by Finance Director Mark McLaughlin.
This means that all spending controls imposed on the council remain in place, and that no new expenditure - with the exception of statutory services and safeguarding vulnerable people – is permitted until further notice.
Following on from the advisory notice from our auditors KPMG the council also discussed the need to reflect on the concerns they raised.
What happens next?
Consequently cabinet, councillors and the management team are now working on refreshed budget proposals which will now be discussed at a cabinet meeting on Tuesday 27 February and if approved there, will be discussed and voted on by a further meeting of full council on Wednesday 28 February.
The purpose of these proposals will be to address the auditor’s concerns that there is an over dependence on capital receipts in the current proposals. The new proposals will therefore look at what other reductions can be made to reduce the requirement to use such capital.