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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.