Wirral Council’s 2015/16 Accounts WON’T Be Signed Off Before 30th September Deadline – Here’s Why

Serious stuff. Us, our kids and our grandkids are now hobbled by Wirral Council’s LOBO Loan debts until the year 2078. To the tune of £202 million.

Wirral In It Together

page 7 of Grant Thornton accounts report including objection received

26th September 2016

This evening, Wirral Council’s Audit and Risk Committee will meet at 6 pm.

The main thrust of the meeting will be the desire to sign off last year’s accounts.  However, this time around, a couple of flies have landed in the ointment.  One is the recent ‘inadequate’ OFSTED finding against Wirral Children’s Services – which came about despite the fact that the CEO and most council directors had known of this failure for a long time.

The other is in the shape of a qualifying objection lodged with the council and their auditors – Grant Thornton – by an anonymous, meddling Wirral elector on 10th August this year.

Here’s a link to the Grant Thornton report for this meeting which contains reference to this.

The objection is centred around LOBO loans – Lender Option Borrower Option – and the aim of the move is three-fold:

  • the authoring of a Public Interest Report

View original post 1,013 more words

About Wirral In It Together

Campaigner for open government. Wants senior public servants to be honest and courageous. It IS possible!
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