Peterborough City Council
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13 Jun 22An English council is set to terminate a property management joint venture after an independent review found the business offered “limited value” to the authority. -
24 Jan 22A senior consultant at CIPFA is set to take over as interim section 151 officer at Peterborough City Council, as the authority seeks financial stability.
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4 Jan 22An improved financial outlook means Peterborough City Council is unlikely to need to use capital financing flexibilities which it previously requested from central government, it has emerged.
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10 Dec 21Cash-strapped Peterborough City Council is set to freeze its capital spending in 2021-22, and nearly eliminate new borrowing next year.
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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.
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3 Nov 21The 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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18 Oct 21A council is to use £10.5m of reserves earmarked for tackling Covid-19 to slash the amount of capital borrowing needed to fund services under special arrangements approved earlier this year by...
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30 Jun 21Eight struggling local authorities will be subject to financial healthchecks by CIPFA as they await approval on £72.5m of government support, ministers have announced. -
25 Jun 21Peterborough City Council’s external auditors have raised serious concerns about the financial situation of the authority, which has become reliant on additional government support.
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11 Feb 21Three more authorities have been granted capitalisation directions, joining Eastbourne Borough Council.
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28 Jan 21Audit firm EY has raised serious concerns over Peterborough City Council’s financial resilience and ability to provide services following Covid-19. -
24 Nov 20A council granted a capitalisation direction in March has warned it could be forced to deplete its usable reserves down to “unsustainable levels” to help meet an £11m funding gap. -
15 Sep 20Peterborough City Council is to review the running of cultural and leisure services in the city, following the termination of its outsourcing agreement and transfer of responsibilities for running...
