In January 2013 the Corporate & Scrutiny
Management Committee considered a scrutiny topic on how
loans/grants from CYC to outside organisations were being
monitored. The topic was submitted as a
result of the collapse of the North Yorkshire Credit Union, for
which the Committee were informed there was an ongoing
investigation.
The
Committee agreed they would like to receive an update on the
results of the investigation into the collapse of the North
Yorkshire Credit Union, on its completion. However, they agreed the focus of the scrutiny
review should be to look forward to provide guidance on best
practice for monitoring future grants/loans provided by the
Council.
Please note
that the interim and final reports of this Task Group will be
considered by the Corporate and Scrutiny Management Committee as
the parent Committee which set up the review.