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Originally Posted by Tealeaf
So who you blaming Graham?
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I think it goes back a long way and it is tied into how the Council ended up with a £2 million black hole in one year, terrible finances, little control over budgets and huge debts (which ballooned between 1999 and 2004).
Robson Rhodes, HBC's auditors said in 1999/2000 - 2000/2001 - 2001/2002 there were poor financial arrangements (I don't know before that time - but it was Labour controlled) within the Council. Deloite Touche then got involved and the lid was lifted so to speak.
The debts cost approximately if I can remember £1.9m alone out of a £12m budget in 03. I believe last year that the figure was more than £1.9m, maybe around £2.5? out of £14m. Selling the Council house stock for £30m this year has helped the headline debt figure, but any debt savings (£900,000) have been lost to the ongoing costs of the transfer.