Exeter City Living governance review to follow highlighted financial risk
A progress report on the development of the 2023-24 Exeter City Living business plan confirms a governance and management review will take place after an auditor’s report which found that the company had put the council at “significant financial risk” after losing £2.2 million in its first two years of trading.
Exeter City Council announces £1.584m April budget shortfall caused by COVID-19 restrictions
Council revenues have fallen dramatically during the coronavirus pandemic, prompting a £6.357 million capital spending deferment. But financial support from government has so far been limited.
