City of Ryde CEO Wayne Rylands has provided an update on the ongoing inquiry into mismanagement of funds from the council’s restricted reserves.
In a statement, Mr Rylands said an action plan, developed with guidance from the Office of Local Government, has been shared with councillors, staff and the community outlining actions taken and underway.
Mr Rylands reports funds have been returned to the relevant reserves, which will not adversely impact rates or Council services.
He said the council has provided extensive materials relating to the ongoing external investigation to the OLG, and staff continue to cooperate with the OLG on any further lines of enquiry.