WE012 Annual Audit & Inspection Letter - FINAL

audit 2003/2004 ANNUAL AUDIT AND INSPECTION LETTER We will carry out a formal review of progress on implementation of the plan during 2005. Executive summary Action on some of the key themes in the improvement plan is already well underway. The purpose of this letter Financial position This is our audit and inspection ‘Annual Letter’ for members incorporating the Annual Audit The council budgeted for an increase of Letter for 2003/04. It is presented by the £1.929 million in 2003/04, leading to the need council’s Relationship Manager and District for a 53 per cent increase in council tax in order Auditor. The letter summarises the conclusions to achieve a balanced budget. and significant issues arising from our recent The budget for 2004/05 was £9.347 million, audit and inspection work at the council. leading to a council tax increase of 6.9 per cent. We have issued separate reports during the year A deficit of £187,000 is currently projected for having completed specific aspects of our the year. programme. These reports are listed for The council’s five-year medium-term financial information in Appendix 1. plan was updated in 2004. It now shows that further savings estimated at £3 million need to Appendix 2 sets out the scope of audit and be made from the base budget over the period inspection. 2005/06 to 2008/09, corresponding to over Appendix 3 provides information about the fees £700,000 in each of the next four financial ...