Skip to Main Content

Gloucester to seek EFS as delayed accounts hide true financial picture

(Shutterstock)

Gloucester City Council is to request between £12.5m and £17.5m in exceptional financial support (EFS) from government after discovering that its reserves have moved into deficit.

Please subscribe or upgrade your membership. To continue reading this article please sign in below or subscribe to our site.

Subscribe

Publication of the authority’s accounts have been delayed over the past few years, primarily due to a cyber-attack on its IT systems in December

A large cohort of CFOs have been put back into a “washing machine of turmoil” following the government’s decision to pause and review local government reorganisation (LGR).

(Shutterstock)