What's New?
Northamptonshire County Council, Northamptonshire County CouncilNorthamptonshire County Council faces a fresh financial crisis after a £34.9m budget gap for 2020/21 opened up.
A review of the council’s medium term financial plan (MTFP) published this week showed that the estimated savings requirement has leapt from £11.2m in the six months since the plan was originally published.
The council says that identifying new and deliverable savings for inclusion in next year’s budget presents a significant challenge, given the perilous state of the authority’s finances.
Matt Golby, leader of the council, said: “The purpose of this financial plan is to look ahead and help the council plan towards making detailed budget proposals for 2020-2021, which are announced i
...Councils have warned they need certainty about funding reforms and revenue, following the chancellor’s decision to hold a one-year funding review.
Auditors scrutinising local authority accounts and the body responsible for appointing them have come under fire after new figures showed 40% of audit opinions missed the target date of 31 July.
Auditors have issued a qualified adverse opinion on Reading Borough Council’s 2016/17 accounts – almost two years late due to a litany of problems.
The government’s decision to push ahead with a one-year spending review has prompted alarm from local government experts that it could force a delay in the implementation of the Fair[…]
The Municipal Bonds Agency is set to outsource its management and operations to an external provider in a bid to get its first bond issue off the ground. The agency,[…]
Thanet District Council in Kent has agreed to dispose of a theme park it rescued almost a decade ago to stop the attraction from exposing the council to “unsustainable” future[…]
Northamptonshire County Council has announced the appointment of its fourth finance director in two years. The council this week revealed its finances are improving but confirmed the key figure responsible[…]
Warrington Borough Council has been warned that its approach to calculating its minimum revenue provision (MRP) could present a threat to delivery of its medium term financial plan (MTFP). The[…]
The chief executive of the Chartered Institute of Public Finance and Accountancy has written to the new local government secretary not to review local government finance “unless you mean it”.[…]
