“Whilst our audit work on the financial statements and VFM conclusion is almost complete, as set out above, we have received a formal objection from a local elector.

We are in the process of considering this objection, which relates to the Council’s approach to recording and obtaining receipt of monies due to it from developers through agreements under s106 of the Town & Country Planning Act 1990.

If we are able to conclude this work before the end of the month then, subject to the outcome of this, we anticipate issuing our audit report by the 30th September for the Council to publish audited financial statements.

If, however, the work extends beyond this timescale then we will have to withhold our audit certificate within the audit report until the work on the objection has been completed.”

Click to access 220916-agenda-item-8-combined-reports.pdf

(pages 121 and repeated on page 131)

Almost certainly related to this:

https://eastdevonwatch.org/2016/09/13/eddc-and-its-section-106-black-hole/