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9 Dec 21
A district council in Somerset, which has spent more than £40m in commercial property outside of its boundaries, has abandoned further investment plans, amid proposed borrowing restrictions in the...
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8 Dec 21
Copeland Borough Council is at risk of issuing a section 114 notice unless it receives further exceptional support, according to a government-commissioned review.
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8 Dec 21
Concerns raised by a senior Northern Irish civil servant over fraud and error in a Covid-19 support scheme eventually came to pass as a result of the extreme pace of development, according to the...
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8 Dec 21
CIPFA has announced that it is on track to announce a surplus on its 2021 budget, hot on the heels of a £3m profit last year.
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7 Dec 21
An accounting blunder saw Nottingham City Council mistakenly credit almost £16m of housing funding to its general fund rather than its housing revenue account, it has emerged.
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6 Dec 21
Public bodies are sitting on assets worth billions of pounds, much of which is not accounted for in balance sheets.
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3 Dec 21
Bolton Council is investigating potential fraud related to Covid-19 grants, amid suspicions that some companies used false bank account information.
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3 Dec 21
Two-thirds of respondents to a consultation on a strengthening of the Prudential Code support adopting the proposed new wording without amendment, a senior CIPFA figure has revealed.
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3 Dec 21
Capital spending by local authorities dropped by 8% during 2020-21 compared to the previous year as Covid-19 delayed projects and councils veered away from buying property due to changes in...
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3 Dec 21
Investing in energy clocks could help cities to slash both their emissions and utility bills, says Olamide Oguntoye from the Tony Blair Foundation.
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1 Dec 21
The government has appointed two senior local government officials as commissioners to oversee the financial recovery of cash-strapped Slough Borough Council, following two critical independent...
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1 Dec 21
Proposed amendments to the CIPFA Prudential Code seeking to strengthen restrictions on borrowing for commercial purposes have been dubbed 'relatively clear' by a senior civil servant.
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1 Dec 21
Wirral Council has approved a financial recovery plan which includes suspending a planned £5m investment to create a community bank, following a critical government-commissioned review.
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30 Nov 21
The government is proposing new rules that would prevent councils avoiding making provision for debt servicing payments on commercial investments.
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30 Nov 21
Thanet District Council has appointed a senior officer from a London Borough as an independent monitoring officer following a rare statutory recommendation by auditors.
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29 Nov 21
The London Borough of Croydon still needs to close a predicted £13m budget gap next year, despite hoping to receive £25m of financing flexibilities alongside proposed additional savings.
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26 Nov 21
Nottingham City Council’s internal audit department has criticised the authority’s procurement processes, after financial regulations were waived on more than 20 occasions.
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26 Nov 21
Bolton Council missed out on £16m of 'levelling up' funding after missing the deadline for the submission of bids by two hours, it has revealed.
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25 Nov 21
Liverpool City Council has capacity challenges in many of its corporate services including finance, puttng improvement plans at risk, according to government-appointed commissioners.
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24 Nov 21
An operator which runs Luton Airport is set to retain £45m of passenger income that was originally due to be paid to a subsidiary company of Luton Borough Council.
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23 Nov 21
Suffolk County Council has used Public Works Loan Board borrowing to repay £30m of ‘lender option, borrower option’ loans, but expects to deliver real terms savings of £6.4m.
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22 Nov 21
The working balance of general fund reserves at cash-strapped Peterborough City Council is inadequate to deal with the financial risks the authority faces, according to its finance team.
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19 Nov 21
Cambridgeshire County Council breached European Union procurement laws on two separate occasions in its 2017-18 accounts, auditors have concluded.
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19 Nov 21
A district council has urged CIPFA to amend proposed changes to the Prudential Code, saying they could force it to sell commercial property it claims is vital to supporting services.
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18 Nov 21
Proposed updates to the CIPFA Prudential Code aimed at restricting borrowing primarily for yield purposes, could lead to ‘unintended consequences’, according to the Local Government Association.