Does Talsi Municipality manage municipal enterprises following the principles of the rule of law and best practice?
| Audit Id | 1605185750406 |
|---|---|
| Title | Does Talsi Municipality manage municipal enterprises following the principles of the rule of law and best practice? |
| Title in original language |
Vai Talsu novada pašvaldība pārvalda kapitālsabiedrības, sekojot tiesiskuma un labās prakses principiem? Latvian |
| Year | 2020 |
| Subject |
Business and Industry Communities and Regions |
| Type |
Compliance/Legality Performance |
| Type of performance |
Performed by single SAI |
| Comments | When managing Talsi municipal enterprises, the regional government has not acted effectively and pursuant to the statutory requirements and the principles of good governance practices. It has directly affected the fact that the activities of municipal enterprises are not economic and efficient and do not comply with the requirements of laws and regulations. The auditors’ analysis of the annual financial statements of the largest municipal enterprises shows that municipal enterprises have low liquidity ratios, operate at a loss, have low return on fixed assets, and are not able to fully cover their short-term liabilities from current assets. In this situation, the citizens cannot rely on the services they need in the long run. |
| Author |
Latvia |
| Materials |
Press release English Summary English Audit report Latvian |
| Contact |
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