6 Report on DLUHC's Review of Councils with High Debt Levels
To receive and note a verbal update on DLUHC’s Review of Councils with High Debt Levels.
Minutes:
A question was received from a member of the public in relation to this agenda item.
Question from Ms Kath Sanders:
“Please could the report to the committee lay out the terms of reference for the DLUHC's capital review of Spelthorne Borough Council's position and when does the Council expect to receive any interim and final report?”
Response from the Chair:
“Spelthorne Borough Council like other authorities are being externally and independently reviewed by DLUHC. We are therefore not privy to the terms of reference or have any expectations to receive the final report within any given period as we are not the commissioning authority.”
The Chief Finance Officer gave a verbal update on the Department for Levelling Up, Housing and Communities’ (DLUHC) Review of Councils with High Debt Levels. The Chartered Institute of Public Finance and Accountancy (CIPFA) was conducting the review on behalf of DLUHC. The Council hoped to have a draft report by the time of the next Committee meeting.
The Committee resolved
1. to receive and note the verbal update on DLUHC’s Review of Councils with High Debt Levels, and
2. to place the DLUHC Review on the Forward Plan for the Committee’s meeting in July.