BusinessCompany NewsScottish education body turns around finances

Scottish education body turns around finances

Gross financial mismanagement within the Scottish Borders education service has been turned around by the 'most rigorous and effective monitoring system in Scotland', according to council leaders.

Link: Sign up for The North & Scotland regional edition

Four years ago the education department’s 2000/1 budget of £62m was heavily in the red allowing a £4m overspend to go undetected. This resulted in damning reports from both the Scottish Parliament and Audit Scotland.

The sole responsibility for the budget was found to lie with an assistant director of education who did not have the necessary qualifications.

However, the organisation’s dark days are now behind them following the publication of its accounts for 2003/2004 and the formation of a new coalition of Independent and Conservative councillors who took control of the Borders local government last year promising to make financial management their number one priority.

John Campbell, director of corporate resources at the Scottish Borders said: ‘I am satisfied that the weakness in the financial management in the council’s education service, identified by the controller of audit Ronnie Hinds in the period 2000 to 2002, has now been resolved and that financial management in the service is now adequate and effective.’

Related Articles

M&S business rate liabilities based on £570m rateable value

Company News M&S business rate liabilities based on £570m rateable value

5m Emma Smith, Managing Editor
BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

8m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

1y Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

1y Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

1y Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

1y Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

1y Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

1y Emma Smith, Managing Editor