Skip Navigation
Navigation Menu

Council achieves 'good value for money'

Independent auditors have given Fenland District Council a clean bill of health in their annual assessment of the Council's accounts.

Money - calculator

The Council has been praised for offering good value for money in the 2016/17 financial year and having measures in place to manage its finances well.

The Annual Audit Letter, by auditors Ernst & Young LLP, was presented to the Council's Corporate Governance Committee at a meeting on Monday, December 4.

Reporting an "unqualified value for money conclusion", the findings state that in "all significant respects the Council has made proper arrangements to secure economy, efficiency and effectiveness in its use of resources."

The "proper arrangements" are defined by statutory guidance issued by the National Audit Office and include measures the council has in place to take informed decisions, deploy its resources in a sustainable manner and work with partners and other third parties.

The auditors also said the council has an appropriate plan in place to ensure the robustness of its financial plan over the next four years.

During the meeting, the Committee was also presented with an External Quality Assessment report of the Council's internal audit service.

The assessment, which has to be carried out every five years in accordance with Public Sector Internal Audit Standards (PSIAS), showed that the service 'generally conforms' to the standards set - the highest rating possible.

Councillor Mark Buckton, Chairman of the Corporate Governance Committee, said: "One of our key Council priorities is to make sure our resources are well managed and reflect the priorities of our residents, so it is heartening to read these reports by external auditors and receive confirmation that management of the Council finances is working well."

Councillor Chris Seaton, the Cabinet member responsible for finance, added: "The results of our Annual Audit and External Quality Assessment of our internal audit service are significant achievements for the council. They confirm that we are continuing to use our resources in the most efficient and effective way possible."

Article added: December 5, 2017