Tories claim the Lib Dem-run council is at risk of having to effectively declare itself bankrupt.
The authority recently avoided having to issue a section 114 noticeGuildford Borough Council’s leader is to face a no confidence vote, with Conservative members calling for her “immediate resignation”.
The council narrowly avoided issuing a section 114 notice recently, effectively declaring itself bankrupt, although a review of its finances uncovered more issues.The problems include a £10m accounting error, where money owed to central government was effectively put in the wrong column on a spreadsheet, and a separate investigation in the housing department looking into possible fraud.
The motion said the council was experiencing “significant financial issues” and there was a “realistic prospect” a section 114 notice may still be issued next year. Councillors will also debate a request to the Department for Levelling Up, Housing and Communities to send in a commissioner to independently assess the housing department at the council.
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