LBWF finance

LBWF CEO Linzi Roberts-Egan’s message to council staff: we are in a much more challenging financial position than we hoped we would be, so save money or else!

October 10, 2024 LBWF finance, LBWF spin, Senior staff pay 0

LBWF CEO Linzi Roberts-Egan has just circulated the following message to staff: ‘We are facing a significant budget deficit this year, with a £17million forecasted overspend. This is a much more challenging financial position than we hoped we would be in at this point in the year, and together we must all take immediate action to address it. This will mean making difficult decisions over the... »

EXCLUSIVE From 2015 to 2022 the number of senior staff in the Town Hall grew nearly fourfold, the cost of employing them did too, but service levels remained average

January 9, 2024 Cllr. Grace Williams, LBWF finance, LBWF spin, Senior staff pay

What follows looks in greater detail at an earlier post’s revelation (see links) that in the past few years, despite repeatedly complaining about government imposed cuts, LBWF in fact has spent millions more from the public purse appointing expensive senior staff.  To get a better handle on this surprising development, I have analysed the annual series which LBWF publishes about its senior st... »

LBWF Leaders rattle the begging bowl, but splash £100,000 on ‘a conversation’ between seven floodlit buildings

January 25, 2022 Cllr. Clare Coghill, Cllr. Grace Williams, LBWF finance

Since the start of the pandemic, the respective Labour Leaders, first Cllr. Clare Coghill and later her successor, Cllr. Grace Williams, have returned to versions of the long-standing Labour complaint that LBWF is not getting a fair funding deal from the Tory government. Cllr. Coghill early on set the tone, stating in a press release of April 2020 that “‘If lockdown measures continue f... »

LBWF moves closer to completing its long overdue 2018-19 accounts, but in the process, receives a strong warning about the governance of its commercial ventures, both old and new UPDATED

March 15, 2021 LBWF finance

As previous posts have reported (see links below), like all other local authorities, LBWF was due to complete its 2018-19 accounts by the last day of July 2019, but missed both this deadline and several others that followed over the next year and a half. The successive delays were caused by a combination of adverse external factors, most obviously the pandemic, plus a series of problems ... »

LBWF’s Internal Audit and Anti-Fraud Team investigates Town Hall procurement of goods and services, and finds disturbing ‘non-compliance with existing Rules’

October 12, 2020 LBWF finance, LBWF spin

In late 2019, LBWF’s Internal Audit and Anti-Fraud Team (hereafter IAAFT) completed a report on Town Hall procurement, and surprisingly, given the fact that each year this involves many millions of pounds’ worth of goods and services, concluded that it was only deserving of ‘limited assurance’, with two of the five component findings about risk rated ‘high’ (‘Key targets missed, some service... »

London Borough of Waltham Forest: the local authority that can’t even finalise its annual accounts (3)

October 1, 2020 LBWF finance

The saga of LBWF’s failure to complete its 2018-19 accounts – originally due, as for all other local authorities, on the last day of July 2019 – continues, and indeed seems to have no very clear end in sight. What’s gone wrong? Recent papers to the LBWF Audit and Governance Committee provide some elucidation. Initially, it appears, LBWF could legitimately claim that it was being thwarted by extern... »

London Borough of Waltham Forest: the local authority that can’t even finalise its annual accounts (2)

April 7, 2020 LBWF finance, LBWF spin

Mystery continues about the fate of LBWF’s 2018-19 externally audited annual accounts. As a previous post outlined, these were due on 31 July 2019, so that they could be signed off by the Audit and Governance Committee, but the auditor, Ernst and Young LLP, was tardy in starting work; then became entangled in ‘historical audit issues‘, possibly dating to as far back as 2007; and in the end was for... »

London Borough of Waltham Forest: the local authority that can’t even finalise its annual accounts (1)

December 9, 2019 Cllr. Clare Coghill, LBWF finance, LBWF spin

Every year, like other local authorities, LBWF is bound by law to produce its annual accounts, using an external auditor and a timetable specified by the Accounts and Audit Regulations of 2015. But this year, the procedure has gone wrong, indeed very wrong, and now there is a lively post mortem in progress about who is to blame, and what are the likely consequences. As regards the 2018-19 audit, L... »