Date set for Audit Committee to discuss NTFC loan report

Published: Thursday, 17 November 2016

Northampton Borough Council’s Audit Committee will receive a report from internal auditors PWC into the loan to Northampton Town Football Club at a special meeting on Monday 5 December.

The internal auditors were asked to look at the circumstances surrounding the loan to the Football Club and the policies and procedures that were followed by the Borough Council to ensure that they were adequate, and that they were followed during the process of making and managing the loan.

The auditors were also asked to consider any lessons learned that should be incorporated into the Borough Council’s procedures in the future.

Their report will be available on the Borough Council’s website on Thursday 24 November.

Cllr Jonathan Nunn, Leader of Northampton Borough Council said: “One of my first acts when I recently became leader was to set a date for this report to be published. The loan we made to NTFC very clearly went wrong, and I am determined that we should hear what the auditors have to say as soon as possible so that we can ensure that the lessons are learned.”

The meeting will take place at the Guildhall at 6pm.