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LOSSES OF £5,4 MILLION
Audit found accumulated
deficits, significant weaknesses of financial control and accountancy
mistakes in the Council's accounts.
Related links
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What could
be done with £5m
Double the funding to the voluntary sector: £4 million is the total funding allocated by the Council to local voluntary organisations and initiatives this year Maintain the Janet Adegoke Centre for another four years: the centre requires an extra £1.3 million a year to be maintained Build another four sports facilities: £1.3 million is what cost the new pavilion in Hurlingham Park Invest in two historic buildings: £3 million is what will cost the improvement of Fulham Palace Redevelop two Early Years centres: £2.2 million will cost the redevelopment of the Marshcroft Early Years Centre, in north Fulham Lower Council tax and service charges: £10m is what the Council saved in the current Budge with "efficiency savings and income generation" (including 70% increase in parking charges), which garanteed a lower Council tax rise Redevelop two theatres: £2.6 million is the total cost of the Lyric theatre redevelopment (under 6% from the Council) |
Following a financial audit of
the borough construction and highways budgets by an independent
financial consultant, substantial accumulated deficits have
been found. The current director
of direct services and two of his assistant directors will leave
the council's service with immediate effect and a new management
has been appointed. |