Council’s Finances in ‘Safe Hands’

West Lindsey District Council has been praised by one of its leading members, for having a ‘safe pair of financial hands’ as it moves forward with its major plans to transform the district into the next decade.

The praise, from, Cllr Giles McNeill, Chairman of the Governance and Audit Committee at the council, comes after the 2018 audit, which gave the district council a clean bill of health for its finances. Cllr McNeill said:

“This is great news as the district council continued to look at ways to invest public money wisely into projects to further improve the district, both for present and future residents and investors.”

The Governance and Audit Committee is responsible for the following areas:

  • Corporate governance of the council – monitoring the operation of the constitution
  • Accounts and audit – approving the statement of accounts
  • Regulatory framework – monitoring the effective development and operation of risk management
  • Ethics and standards – promote and maintain high standards of conduct by councillors and co-opted members.

The annual independent audit by KPMG has assessed the Council’s Statement of Accounts 2017/18 resulting in the best possible outcome of an unqualified audit opinion.

In addition auditors confirmed that West Lindsey District Council represents good value for money in its use of resources for the residents of the District. The report states:

“In our opinion the financial statements give a true and fair view of the financial position of the authority as at 31 March 2018 and of the authority’s expenditure and income for the year then ended.”

The report concluded that the council achieved ‘unqualified value for money’. This means they are satisfied that the authority has proper arrangements for securing financial resilience and challenging how it secures economy, efficiency and effectiveness.

Some of the achievements this year include:

  • Leisure contract delivering improved facilities in Gainsborough, new facilities for Market Rasen and an outreach service for people
  • New crematorium has received planning permission to be built in West Lindsey
  • Improved performance in Land Charges and Development Management
  • Community defibrillator scheme has seen more than 30 installed across the district
  • Investment in Trinity Arts Centre including new seating, roof, boilers and cinema screen
  • A new partnership with mixed-use development and urban regeneration specialists, Muse Developments to accelerate regeneration of Gainsborough has been agreed.

To see the statement of accounts visit: www.west-lindsey.gov.uk/statementofaccounts/