Laura Sharman 17 October 2019

Council overspends £100k due to ‘poor financial management’

Council overspends £100k due to ‘poor financial management’ image

A town council has been forced to withdraw most the money from its reserves to cover an overspend of £100,000, auditors have revealed.

A report from the Auditor General found Penmaenmawr Town Council spent more on the local community than it received in income for three years due to its ‘poor financial management’.

As a result, it was forced to make up the money from its reserves, leaving its deposit bank account almost empty.

The report said the council had insufficient scrutiny of the accounts, ineffective budget setting, and lack of proper understanding of the make-up of its reserves.

Auditor General, Adrian Crompton said: ‘Penmaenmawr Town Council’s overspending is rightly a matter of public concern, and I am encouraged that the council has since put in changes to address the weaknesses identified in my reports. It is important that all four councils learn from the findings in my reports and address the deficiencies I have identified.

‘Council members have a responsibility to local residents to ensure the proper stewardship of public funds and that councils live within their financial means.’

Time for a council tax precept to fund CCTV image

Time for a council tax precept to fund CCTV

The crisis in funding for CCTV systems is not being addressed by the government or the police and is leading to the curtailment of this vital service in local authorities across the country. How can we ensure that communities that want this service continue to receive it, asks Tom Reeve.
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