Councils borrowed just £74.7m from the Public Works Loan Board during June, according to official figures. The sum is the lowest monthly figure since £63m was borrowed in May last year, and is down from £466m last month.
The largest loan taken during the month was for £25m by Stoke-On-Trent City Council with a repayment period of 50 years.
"...noncompliance with the code must cease." It may sound like the return of the Daleks but, no! The Prudential Code consultation is back. cipfa.org/policy-and-gui…
Despite a commitment of billions, social care funding is ‘not solved’: The government’s social care announcements will fall short of solving the funding crisis for local government and might even make it worse, writes Adrian Jenkins. All now depends on… dlvr.it/S7zJmc pic.twitter.com/XS1smcCehp
Last call for MTFS this year: lnkd.in/dT4yNUtV Book now to secure your place: lnkd.in/d6Vy-cVE pic.twitter.com/3iZssWu0Gk
LGPS: Making net zero add up to something real: Much hope rests on the COP 26 climate conference in Glasgow. But how does LGPS play a substantive role in achieving “net zero”. Elizabeth Carey writes how support for reporting[...] dlvr.it/S7hJFP pic.twitter.com/WPwQIUfl0x
Complexity of treasury governance challenges members and officers: The governance of treasury management is a multi-faceted process governed by multiples agencies in many documents. David Green examines the benefits of simplification. I’m sometimes asked… dlvr.it/S7TVFR pic.twitter.com/J2TPTS7yo9
Calling all #LGPS administering authorities room151.co.uk/calendar/lgps-… More speakers, sponsors and themes announced. 📣📣📣📣📣📣📣📣📣📣📣 #localgov #s151 #pensionfund #investment #valuations #COP26 #privatemarkets #alternatives #fixedincome #TCFD pic.twitter.com/k3XCqGQnHM
LGPS could back an investment Big Bang ‘so long as the price is right’: Boris Johnson and Rishi Sunak have written an open letter for financial institutions to use their capital to fuel an investment “Big Bang”. William Bourne argues LGPS could invest… dlvr.it/S74x6C pic.twitter.com/F5fbYmmkga
Crisis in local audit unlikely to be solved by coming reforms: Local authority audit is changing but, Stephen Sheen argues, 100% private sector provision is unlikely to be “viable” while the underlying problem is difficulty recruiting for “soul… dlvr.it/S6k79x pic.twitter.com/v31Qqv27K9
2021 treasury management survey underway: It’s been the toughest time for councils: long years of austerity were followed by the pandemic and a year of delivering emergency funds and support for residents and businesses. But[...] dlvr.it/S6NMxG pic.twitter.com/R80Ifptxsl
Mandatory Prudential Code ‘no substitute’ for effective balance sheet management: While stable doors are bolted to restrict future commercial investment, local authorities need to put the balance sheet at the core of their financial management writes… dlvr.it/S6MDH5 pic.twitter.com/nUBwgf2CGD
Keeping an eye on inflation, quantitative tightening and consultations: David Chefneux writes the global recovery, market volatility, inflation trends and quantitative tightening will all be big issues in treasury risk management. With the holiday season… dlvr.it/S6F3y4 pic.twitter.com/mmH3CIq2Pz
What’s the benefit of using the PSAA?: Conrad Hall examines the case for councils to undertake their own audit procurement instead of sticking with Public Sector Audit Appointments. To PSAA or not to PSAA: That is, if[...] dlvr.it/S5pGk8 pic.twitter.com/FzIdHjNhJI
Richard Harbord: ‘Effective governance’ the key to commercial activity: In a recent report the think tank Localis wrote that council commercial activity has come to be viewed by many as “inherently risky”. Richard Harbord argues that councils have a[...] dlvr.it/S5pGjl pic.twitter.com/eK51r5RdxR
Andrew Hardingham: Holidays await but the ‘in’ box is brimming over: Finance chiefs may be longing for time off but unfortunately there is a long list of issues still awaiting their attention. Andrew Hardingham offers a checklist you probably don’t… dlvr.it/S5pGjH pic.twitter.com/i8VxQ2GhPN
This September, we are running another edition of the popular course 'Developing a medium-term financial strategy', delivered by Andrew Hardingham lnkd.in/dT4yNUtV There are limited spaces - don't miss out by registering today: lnkd.in/dkPRMTtT pic.twitter.com/CNU3aStT4I
Council auditors are in ‘shackles’ and need to be released: Rebecca Keene writes that local government audit has become distracted by valuations and cash flow projections. As we reach the end of July and what would be, pre-pandemic, the deadline[...] dlvr.it/S4yHxQ pic.twitter.com/M2ohbPV821
