Date: Thu 16 Sep 2021

Error leaves £920,500 gap in Council finances

A review by accountancy specialists Grant Thornton of Tandridge District Council’s 2020/21 budget setting process has found an error over pension costs which has left an annual £920,500 gap in the Council's finances.

The review found that Independent Councillor Kevin Bourne (now Deputy Leader of the Council) had correctly flagged up the problems with the budget at the time in February 2020 on several occasions. Unfortunately, his warnings were not listened to.

The review was commissioned in June after the gap in the budget was discovered. Grant Thornton’s report was published at Tuesday night’s meeting of the Strategy and Resources Committee which can be viewed on the Council's webcast.

The Grant Thornton report can be read on this link click here

Grant Thornton have made 15 recommendations for improvements in financial controls going forward.

Our Councillors, the Independents and OLRG Alliance who formed a minority administration at the Council in May, are working hard to get the budget back on track.