A report has revealed that the financial risks facing Lichfield District Council are still “severe”.
The comments were revealed in a wider risk register review for the local authority’s audit and standards committee.
It outlined how challenges in the wider economy could have a direct impact on the council going forward
The concern has led to the issue being given the highest alert status on the council’s corporate risk register.
Issues such as Brexit and changes to local government funding are outlined as areas that could directly impact on the financial picture facing the authority.
The report added: “The council intends closing this funding gap via an efficiency plan with four strands.”
The areas the local authority is focusing on are:
- Income generation and in-year savings
- Fit for the Future savings
- Savings from “transformational change” to council structures
- Business rate and council tax growth
The report added that the funding gap facing the council in 2018/19 would be £625,000 – rising to £2.3million in 2020/21.
The figures will be discussed at the audit and standards committee meeting on September 26.
