Every organisation naturally wants to present itself in the best possible light, and residents would rightly expect us to say we are a well-run Council. However, it is particularly reassuring when independent experts say the same. Lincolnshire County Council is independently and externally reviewed by a range of organisations, including Ofsted, the Care Quality Commission (CQC), and external auditors such as KPMG. These independent bodies consistently find that LCC is not only meeting but often exceeding the standards expected of a well-managed local authority.

The latest independent audit report has confirmed that Lincolnshire County Council (LCC) is on a firm financial footing and continues to be exceptionally well managed. The Auditor’s Annual Report for 2023/24, conducted by KPMG LLP, highlights how LCC meets and exceeds financial stewardship, governance, and value-for-money standards.

A Clean Bill of Financial Health

KPMG issued an unqualified opinion on LCC’s financial statements, confirming that they present a “true and fair view” of the Council’s financial position as of 31 March 2024. No material misstatements were found, and no concerns were raised about management controls. Notably, there were no public interest reports, advisory notices, or judicial reviews—powerful affirmations of the Council’s sound operations.

Strong Financial Sustainability

Despite significant financial pressures facing councils nationally, Lincolnshire County Council ended the year with a remarkable £62.6 million surplus from service provision and a £16.4 million surplus in the General Fund. Usable reserves remain very strong at £914 million, demonstrating prudent financial planning. The Council also maintains a £46.9 million Financial Volatility Reserve to guard against future uncertainties.

The budget-setting process was praised as comprehensive and realistic, underpinned by clear financial principles and risk assessments. Importantly, LCC has continued to invest strategically, with a notable £12.8 million surplus reinvested in infrastructure through the Place Directorate.

Governance That Inspires Confidence

The audit found no significant weaknesses in LCC’s governance arrangements. Risk management processes are robust, budget monitoring is rigorous, and decision-making is transparent and well-documented. Compliance with laws and regulations is carefully overseen, and the Council’s anti-fraud measures are active and effective.

External inspections add to the Council’s credentials: LCC received a ‘Good’ rating from the Care Quality Commission (CQC) for social care services and an ‘Outstanding’ Ofsted rating for its children’s services — a rare accolade reflecting a culture of continuous improvement.

Delivering Value for Money

KPMG concluded there were no risks or weaknesses regarding how LCC uses its resources to secure value for money. The Council’s Corporate Plan Success Framework ensures high-performing and cost-effective services. Moreover, the decision to bring key corporate services back in-house (previously outsourced for 24 years) is a testament to proactive and strategic financial management.

Conclusion

In an era where many councils nationally are grappling with deep financial challenges, Lincolnshire County Council stands out as a model of strong, sensible, and forward-looking governance. Residents, partners, and stakeholders can be confident that LCC is financially sound today and is actively safeguarding its future stability and service delivery.

The full Auditor’s Annual Report can be found on the Council’s website.