Cork City Council slated for lack of financial records on properties

Cork City Council has been criticised by the local authority spending watchdog over a failure to keep proper financial records of its lands and buildings.

The Local Government Audit Service (LGAS) also expressed concern about the lack of proper controls on more than €700,000 spent by the council in sponsoring the music initiatives, Pulse of Tradition and the Lee Sessions.

Despite raising the issue last year the LGAS said a review of the council’s annual financial statement for 2015 showed problems persisted in relation to the financial management of its fixed assets.