• Home
  • About
  • Subscribe
  • LATIF
  • Conferences
  • Dashboard
  • Edit My Profile
  • Log In
  • Logout
  • Register
  • Edit this post

Room 151

  • 151 BRIEF

    What's New?

  • John Turnbull elected president of the SLT

    May 12, 2022

  • Pension pool identifies biodiversity as a priority

    May 11, 2022

  • TfL latest to face credit-rating downgrade by Moody’s

    May 10, 2022

  • Government proposes ‘fairer, more accurate’ business rates system

    May 10, 2022

  • Queen’s Speech confirms planning reforms

    May 10, 2022

  • 18,000 affordable houses lost through ‘permitted development’

    May 9, 2022

  • Treasury
  • Technical
  • Funding
  • Resources
  • LGPS
  • Development
  • 151 News
  • Blogs
    • David Green
    • Agent 151
    • Dan Bates
    • Richard Harbord
    • Stephen Sheen
    • James Bevan
    • Steve Bishop
    • Cllr John Clancy
    • David Crum
    • Graham Liddell
    • Ian O’Donnell
    • Jackie Shute
  • Interviews
  • Briefs

Fraud code update, NAO cuts probe, Staffs Moorland regen fund, Heat networks funding, Edinburgh deficit doubles, Norfolk outsources recycling

0
  • by Editor
  • in 151 News
  • — 15 May, 2014

CIPFA to update fraud code
The Chartered Institute of Public Finance and Accountancy (CIPFA) has today launched a consultation on a new counter fraud code of practice. The voluntary “Code of Practice on Managing the Risk of Fraud and Corruption” will provide a statement of high level principles setting out counter fraud good practice across the public sector. The code will replace CIPFA’s current guidance, Managing the Risk of Fraud, commonly known as the “Red Book”.

Watchdog launches cuts probe
The National Audit Office has launched an investigation into how local authorities are responding to funding reductions along with how well government departments understand the impact of cuts. The new study is a follow-up to a report the watchdog published in January 2013 which found councils had, in general, effectively managed two years of funding reductions. It cautioned that risks to maintain services could increase for some authorities as reductions continued.

Staffordshire council mulls fund details
Staffordshire Moorlands District Council is considering setting up a £5m regeneration fund to promote economic growth. The council says that the plan could deliver business space and 100 homes, whilst providing it with an income stream. The fund would use borrowing from the Public Works Loan Board, and returns could be achieved from repayment of loans, rent or sale of developed assets and from the sale of land, said an executive report to councillors.

More cash available for heat networks
The government has opened bidding for the third round of cash from a £7m fund to support local authorities exploring heat network opportunities. All councils in England and Wales can apply on a first come first serve basis through a series of funding rounds up to March 2015. There is no upper (or lower) limit for bids, but the bidding guidance said that round two bids ranged between £15,000 and £250,000.

Council and developer told to release viability information
An information tribunal has ordered developer Lend Lease and London Borough of Southwark to release information relating to a viability assessment it used in deciding the level of affordable housing to be required as part of the regeneration of a London housing estate. The tribunal called for the release of some information on the assessment relating to the Heygate Estate at Elephant and Castle, excluding details of the developer’s development model and the assessment of sales and rentals other than those to private buyers and social housing providers.

Edinburgh deficit doubles
City of Edinburgh Council’s budget deficit has more than doubled to £22m for 2015/16. The council faces an overall £120m funding gap over the next four years. According to reports, projected procurement savings had failed to match expectations, and the Scottish capital’s population growth was nearly 4% smaller than had been anticipated.

Norfolk outsources recycling centres
Norse Commercial Services has won a contract to run Norfolk County Council’s 19 household recycling centres around the county. The £5m-a-year contract comes on top of the recently announced new, ten-year deal between Norse and seven Norfolk district and city councils, for the recycling of dry materials, due to commence in October. The new agreement has seen around 110 council staff move to Norse.

Share

You may also like...

  • Delay to IFRS 16 agreed by ‘narrowest possible margin’ 18th Mar, 2022
  • ‘Urgent consultation’ issued in response to continuing audit delays 13th May, 2022
  • Guarded welcome to Prudential Code revisions 28th Jan, 2022
  • Waste authority to issue green bond through UKMBA 2nd Feb, 2022

Leave a Reply Cancel reply

You must be logged in to post a comment.

  • Register to become a Room151 user

  • Latest tweets

    Room151 3 days ago

    ‘Urgent consultation’ issued in response to continuing audit delays: CIPFA and the Local Authority Scotland Accounts Advisory Committee (LASAAC) have announced another “urgent consultation” to consider proposals to address the latest issue that has led… dlvr.it/SQJ0kV pic.twitter.com/s6vw0bnGXO

    Room151 4 days ago

    Bags of capacity – now to housing delivery: HRAs have been freed up and councils are starting to invest, but some remain cautious, writes Steve Partridge. He suggests that a minimum of £10bn of additional borrowing could be[...] dlvr.it/SQDvxk pic.twitter.com/yZmoWzHv6U

    Room151 4 days ago

    Bags of capacity – now to housing delivery room151.co.uk/treasury/bags-…

    Room151 5 days ago

    To Michael Gove: a modest proposal: Conrad Hall has written an open letter to the levelling up secretary suggesting an unusual (and tongue-in-cheek) proposal to help councils predict next year’s government grant. Dear Secretary of State,[...] dlvr.it/SQ9GpX pic.twitter.com/mSX1xgeL8a

    Room151 5 days ago

    Queen’s Speech: an ambitious plan hampered by omissions: Richard Harbord examines the impact of the government’s legislative proposals on councils, and concludes that local authorities expect and need more from central government. However you view the… dlvr.it/SQ8hmP pic.twitter.com/BsnziyNPIO

    Room151 6 days ago

    Insights and inspiration from LGPS leaders past and present: Four current and former LGPS leaders have recently given powerful and insightful interviews as part of the Fiftyfaces podcast, which showcases inspiring investors and their stories. Hosted by… dlvr.it/SQ53lC pic.twitter.com/IRYMFPxdA2

    Room151 1 week ago

    Rate rise represents ‘fastest increase in borrowing costs in 25 years’: Partner Content: CCLA Investment Management’s Robert Evans analyses the rationale for the Bank of England’s latest rise in the Official Bank Rate and assesses the likely outcome of… dlvr.it/SQ33k3 pic.twitter.com/A81yiS1UgN

  • Categories

    • 151 News
    • Agent 151
    • Audit
    • Blogs
    • Business rates
    • Chris Buss
    • Cllr John Clancy
    • Council tax
    • Dan Bates
    • David Crum
    • David Green
    • Development
    • Education
    • Forum
    • Funding
    • Governance
    • Graham Liddell
    • Housing
    • Ian O'Donnell
    • Infrastructure
    • Interviews
    • Jackie Shute
    • James Bevan
    • Jobs
    • Levelling up
    • LGPS
    • Mark Finnegan
    • Net Zero
    • Private markets
    • Recent Posts
    • Regulation
    • Resources
    • Responsible investing
    • Richard Harbord
    • Risk management
    • Social care
    • Stephen Fitzgerald
    • Stephen Sheen
    • Steve Bishop
    • Technical
    • Transport
    • Treasury
    • Uncategorized
    • William Bourne
  • Archives

    • 2022
    • 2021
    • 2020
    • 2019
    • 2018
    • 2017
    • 2016
    • 2015
    • 2014
    • 2013
    • 2012
    • 2011
  • Previous story UK Locals broker fined £630,000 for LIBOR rigging
  • Next story Debt strategies need timing

© Copyright 2022 Room 151. Typegrid Theme by WPBandit.

0 shares