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"...there has been no financial loss to the public..."

So did KPMG carry out the detailed audit free of charge? That's mighty nice of them.

Also, does the endless debate in extraordinary Council meetings (for which Councillors are, I believe, entitled to claim expenses) not count as cost to the public.

The money may have been repaid but there has certainly been a cost to the public; not least in the loss of confidence in those who make up the Council, going around making decisions without a "clear rationale".

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