Audit committee – February 2016

An upbeat presentation on how the IT of Nottingham City Council has been completely renewed in the last 2 years and a series of measures to make the council’s IT systems resilient and secure. Transpires 50% of the e-mail traffic sent to the council is malware.
The Treasury Management strategy agreed talks of domestic growth having grown robustly.  But growth of 2.1% ain’t that special, given 3% was once the accepted target, just to stand still.  And George Osborne has now come out with statements of the need for even more cuts in public expenditure. statement that adopted.  Still that doubt – might their be a crash this year?

So time to test the council’s leading finance officer and external auditors on a key question – have they see “The Big Short” yet?

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