Independent financial review (January 2022)

Woking is an ambitious and forward-thinking council. In support of our ambitions for the borough, we have made significant investment in the regeneration of our borough and to improve the council’s finances.

It is essential that our borrowing remains affordable and that our investments provide us with benefits that support the regeneration of the borough and improve our financial standing.

This is why we appointed professional services firm EY to produce a comprehensive statement on our financial affairs which included our assets, borrowings, investments, and contractual obligations.

The comprehensive statement provides independent reflections, key statement of fact, observations and views about the financial risks that exist within our financial position. 

The film below explains more about our investment strategy and our response to EY’s statement of our finances.

The assessment was reported to the meeting of the council’s Overview and Scrutiny Committee on 24 January 2022 and Executive on Thursday 3 February 2022, as part of our Medium-Term Financial Strategy.

Financial review documents

The following PDF documents may not be suitable for users of assistive technology. If you require an accessible version, email 

Read the EY assessment summary report (January 2022)

Read the full EY assessment (January 2022)

Read the council's Overview and Scrutiny report (24 January 2022)

Read how EY's comprehensive statement has informed our Medium-Term Financial Strategy