Sunday, February 05, 2017

Oakham Town Council Appendix C Financial Control

In the past I raised the issue of the risk of most of the councils money all being in one account.
It we would appear the former clerk gave us the wrong information he told the council we were
not protected by the financial services compensation scheme.

The FSCS was set up mainly to assist private individuals, although large businesses, small local authorities (such as parish councils) and smaller charities are also covered. 

Although last year when I suggested we move some of the money from the HSBC the council refused to do that, I am pleased Cllr Haley is bringing this back to council