Date:
To support the independent assessment of Woking Borough Council’s financial position, the Council has published online a short film that gives an overview of the review.
Professional services firm, EY, was appointed to produce a comprehensive statement on the Council’s financial affairs, including its assets, borrowing, investments and contractual obligations.
The comprehensive statement was presented to the Council’s Overview and Scrutiny Committee on Monday 24 January 2022, before last night’s Executive (Thursday 3 February), as part of the Medium-Term Financial Strategy.
Cllr Ayesha Azad, Leader of Woking Borough Council, said: “We have made significant investment in the regeneration of our borough and the services that we provide, ensuring Woking remains a modern and vibrant place to live, work and do business.
“It is essential that our borrowing remains affordable and that our investments provide us with the benefits that support our communities. Therefore, we welcome EY’s review and comprehensive and independent assessment of our financial position.
“This short film summarises the EY comprehensive statement, whilst providing valuable context to our borrowing. It identifies key facts from the statement in an open and transparent manner, whilst importantly identifying the actions we are taking to strengthen our financial approach in response to the report.
“I hope residents will take time to view the informative film, which has been created to help resident understand of our financial position.”