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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.
9 Dec 21A 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...
8 Dec 21Copeland Borough Council is at risk of issuing a section 114 notice unless it receives further exceptional support, according to a government-commissioned review.
8 Dec 21Concerns 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...
8 Dec 21CIPFA 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.
7 Dec 21An 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.
6 Dec 21Public bodies are sitting on assets worth billions of pounds, much of which is not accounted for in balance sheets.
3 Dec 21Bolton Council is investigating potential fraud related to Covid-19 grants, amid suspicions that some companies used false bank account information.
3 Dec 21Two-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.
3 Dec 21Capital 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...
3 Dec 21Investing in energy clocks could help cities to slash both their emissions and utility bills, says Olamide Oguntoye from the Tony Blair Foundation.
1 Dec 21The 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...
1 Dec 21Proposed 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.
1 Dec 21Wirral 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.
30 Nov 21The government is proposing new rules that would prevent councils avoiding making provision for debt servicing payments on commercial investments.
30 Nov 21Thanet District Council has appointed a senior officer from a London Borough as an independent monitoring officer following a rare statutory recommendation by auditors.
29 Nov 21The 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.
26 Nov 21Nottingham City Council’s internal audit department has criticised the authority’s procurement processes, after financial regulations were waived on more than 20 occasions.
25 Nov 21Liverpool City Council has capacity challenges in many of its corporate services including finance, puttng improvement plans at risk, according to government-appointed commissioners.
24 Nov 21An 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.
22 Nov 21The 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.
19 Nov 21Cambridgeshire County Council breached European Union procurement laws on two separate occasions in its 2017-18 accounts, auditors have concluded.
19 Nov 21A 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.
