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18 Jan 22
The government has announced its intention to install commissioners at a West-Midlands local authority, with powers to dismiss and appoint senior officers, including the section 151 officer.
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6 Jan 22
Luton Borough Council is set to establish a new body to provide oversight and advice on the authority’s commercial companies and joint ventures.
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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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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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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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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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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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15 Nov 21
The Local Government Pension Scheme Advisory Board has updated its investment code to require cost breakdowns from third-party fund managers, in an attempt to improve transparency.
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11 Nov 21
Derbyshire County Council is set to launch a consultation on the closure of seven council-run care homes, due to concerns over maintenance costs.
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10 Nov 21
Nottingham City Council has proposed more than £12.2m of new savings, to help manage a widening budget deficit next year, including closing multiple children’s centres.
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9 Nov 21
Liverpool City Council will need to make at least £18.7m from savings and additional income to help close a forecast £34m gap in next year’s budget.
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5 Nov 21
The government’s proposals to scrap a £50m school improvement grant has been criticised by local authorities, with educations budgets already stretched.
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3 Nov 21
The government should not provide additional financial flexibilites to Peterborough City Council unless it offloads at least £43.5m of property, according to a review by CIPFA.
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2 Nov 21
A government-appointed improvement board has voiced worries about the Nottingham City Council's timetable for adopting a medium term financial strategy, which is seen as key to delivering financial...
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1 Nov 21
The administrative costs of Local Government Pension Schemes rose again last year, with one expert putting the rise down to due a rise in asset values.
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25 Oct 21
The government is set to appoint commissioners to take over governance and financial scrutiny at Slough Borough Council following two critical independent reviews.
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15 Oct 21
Liverpool City Council has formally terminated a highways development contract after the construction firm carrying out the works went into administration.
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14 Oct 21
Hampshire County Council requires £80m of savings by the end of 2022-23 to balance its budget.
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14 Oct 21
The London Borough of Bexley has decided not to use £5.1m additional financing flexibilities it was granted by central government this year, due to a “sound” financial position.
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11 Oct 21
A council faces a £920,000 hit to its reserves after a blunder saw pension payments wrongly removed from its 2020-21 accounts, according to an external auditor. ...
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7 Oct 21
Dorset Council has said it needs to rethink the way it provides services, in light of a £36m forecast budget gap for the next two years.
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6 Oct 21
Slough Borough Council’s finance department has revised down its estimate of the level of developer contributions it is owed for local infrastructure by more than £5m.
18 Jan 22The government has announced its intention to install commissioners at a West-Midlands local authority, with powers to dismiss and appoint senior officers, including the section 151 officer.
6 Jan 22Luton Borough Council is set to establish a new body to provide oversight and advice on the authority’s commercial companies and joint ventures.
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.
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.
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.
23 Nov 21Suffolk 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.
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.
15 Nov 21The Local Government Pension Scheme Advisory Board has updated its investment code to require cost breakdowns from third-party fund managers, in an attempt to improve transparency.
11 Nov 21Derbyshire County Council is set to launch a consultation on the closure of seven council-run care homes, due to concerns over maintenance costs.
9 Nov 21Liverpool City Council will need to make at least £18.7m from savings and additional income to help close a forecast £34m gap in next year’s budget.
5 Nov 21The government’s proposals to scrap a £50m school improvement grant has been criticised by local authorities, with educations budgets already stretched.
1 Nov 21The administrative costs of Local Government Pension Schemes rose again last year, with one expert putting the rise down to due a rise in asset values.
25 Oct 21The government is set to appoint commissioners to take over governance and financial scrutiny at Slough Borough Council following two critical independent reviews.
15 Oct 21Liverpool City Council has formally terminated a highways development contract after the construction firm carrying out the works went into administration.
14 Oct 21Hampshire County Council requires £80m of savings by the end of 2022-23 to balance its budget.
11 Oct 21A council faces a £920,000 hit to its reserves after a blunder saw pension payments wrongly removed from its 2020-21 accounts, according to an external auditor. ...
7 Oct 21Dorset Council has said it needs to rethink the way it provides services, in light of a £36m forecast budget gap for the next two years.
6 Oct 21Slough Borough Council’s finance department has revised down its estimate of the level of developer contributions it is owed for local infrastructure by more than £5m.
