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Tag: Reading Borough Council 2017/18 Accounts

Accounting in the time of Covid-19

The Kennet at County Lock - 23 December 2019

The Kennet at County Lock – 23 December 2019

The statutory deadline for production, audit and sign off of Reading Borough Council (RBC) accounts for the year ended 31 March 2020 has been extended from 31 July to 30 November 2020. This is the result of new  Government regulations for local authority accounts and audit during the coronavirus pandemic.

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Problems with council accounts ‘a disgrace’ says Councillor Ricky Duveen

Civic Offices April 2019

Liberal Democrat councillor Ricky Duveen used Reading Borough Council‘s (RBC) full council meeting on 25 February to say that the “never-ending issues with producing the council’s accounts are a disgrace.”

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To dream the impossible dream…

Pipe Roll of 1194

The first Reading Borough Council (RBC) audit and governance committee of 2020 will take place on Thursday 30 January. Council officers told the committee in September that they anticipated that audits of RBC’s accounts for the years ended 31 March 2018 and 31 March 2019 would be completed by the end of 2019. We are still waiting, and yet again hopes that accounts production was under control have been dashed.

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No-show from external auditors at Audit and Governance committee

Port de mer avec la villa Médicis

Port de mer avec la villa Médicis by Claude Lorain 1637

Attendees and webcast viewers-at-home were disappointed at the no-show by Reading Borough Council (RBC) external auditors Ernst & Young (EY) at the council’s audit and governance committee on 19 September. Chair of the committee, councillor David Stevens said that they had other engagements.

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RBC unaudited accounts for the year ended 31 March 2018 can now be inspected

Mr George Lovejoy (1808-1883), in his time one of the auditors of the accounts of Reading corporation, would have been packed up and almost ready to be off on his holidays when this summer’s reading for Readingas finally arrived. The unaudited accounts for the year ended 31 March 2018 have been published and along with “all books, deeds, contracts, bills, vouchers and receipts relating to those accounts” can be inspected weekdays from 9.30am until 4.30pm until 20 September 2019.

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Questions asked by Liberal Democrat and Green Party councillors about Reading’s financial accounts

The leader of the council Jason Brock told the Reading Borough Council (RBC) full council meeting on 25 June that he expected the accounts for the year ended 31 March 2018 would be made available for public inspection “imminently”. This was in response to a question from Liberal Democrat councillor Ricky Duveen.

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“To travel hopefully is a better thing than to arrive.”

The Prinzessin Victoria Luise

This time last year at the Reading Borough Council (RBC) audit and governance committee, council auditors Ernst & Young announced that if they didn’t complete their audit of 2016/17 accounts by 30 April 2018, they would have to pull out until August because their resources were needed elsewhere. A year later and the audit is still ongoing.

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Council tax and RBC budget approved for next year

Civic Offices

The Reading Borough Council (RBC) full council meeting considered weighty financial matters on Tuesday 26 February, which included agreeing to next year’s council tax charges.

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Reading to receive £210k Brexit funding and other financial tales

Budget – Honore Daumier, Comme Sisyphe.

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.

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No, we are not there yet!

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.

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Are we there yet?

Warning: this preview contains plot spoilers. It’s been almost four months since the last Reading Borough Council (RBC) audit & governance committee in September; surely the 2016/17 accounts must be ready for the next meeting on 24 January?

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Reading is not alone in missing this year’s accounting deadline

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.

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Some good news and some bad news about the council’s audit

Accounting

The report on Reading Borough Council’s (RBC) accounts for the year ended 31 March 2017 presented to the audit and governance committee on 27 September had anticipated a completion date in late October or early November. That now seems to be slipping away.

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Reading Borough Council accounts 2016/17 expected to be qualified

An Inca quipucamayoc with quipu and yupana

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.

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Reading the tea leaves on council finances


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.

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