Public reports pack Thursday 09-Jul-2015 19.00 Corporate Committee

Page 2current assets used by local authority schools. This was more atechnical accounting entry and no disputes were envisaged whenthis process began.They needed to look at one area of income and Grants were theobvious choice as there was a wide ranging scope of activity anddiffering monetary amounts in this area.The Oracle implementation also posed some risks going forward,however the project board and officers were regularly reviewingand working to reduce and manage those risks.RESOLVED: That the report be noted.5. ALMO 6 MONTHLY UPDATE(Report 170/14-15)Lambeth Living’s Head of Finance Patrick Pedder and Lynette Peters fromthe Council’s Client Team introduced the report and in response toquestions they advised that: A due diligence review was commissioned by the Council to look atLambeth Living in detail before the reintegration and that was dueto be completed in May 2015. Two additional audits had also been commissioned by the Councilfollowing whistle blowing allegations relating to a contractor andconcerns relating to another repairs contract. The Head of InternalAudit and Counter Fraud advised that both reports had beenissued in final form earlier that day and that a summary of thefindings of both reviews, which raised a number of issues andconcerns, would be provided to the Committee in the normalmanner. As part of the Council’s continuous monitoring programme housingrents and housing repairs were rated as “amber” and wouldcontinue to be regularly monitored. PwC the internal auditors for Lambeth Living had noted that anumber of recommendations (from the audit) had been closed,however the views and concerns of the Committee were a notedthat Lambeth Living would not be able to close all of therecommendations before the integration.Lynette Peters from the Council’s client team advised that more issueshad been uncovered recently and they were not convinced as yet that allthe recommendations would be completed and that work would need to becarried over post reintegration.Members were concerned about the issues raised and asked that furtherinformation and a report on progress of the reintegration be presented atthe next meeting.RESOLVED: That the note be reported.6. PAY POLICY(Report 163/14-15)In response to questions the Assistant Director for HR Strategy andOrganisational Development advised that: