LATIF/FDs’ Summit ‘on course to be biggest yet’
Room151’s flagship event – the Local Authority Treasurers Investment Forum (LATIF) and FDs’ Summit – is on course to be the biggest yet, with more than 200 delegates expected. Combining[…]
151 News
DLUHC changes rules on flexible use of capital receipts
The levelling up secretary has written to all council leaders to amend the rules concerning the flexible use of capital receipts to fund transformation projects. In his letter, Greg Clark[…]
DLUHC proposes devolution deal in York and North Yorkshire
The government has proposed a devolution deal for York and North Yorkshire, which it says will bring over £540m of investment to the areas over 30 years. The deal will[…]
Government proposing further intervention in Slough Borough Council
The levelling up secretary Greg Clark has announced that he is “minded to” expand further intervention measures in Slough Borough Council, as commissioners fear the authority cannot achieve financial stability.[…]
Auditors: ‘significant weaknesses’ in Liverpool City Council’s finance arrangements
Liverpool City Council’s financial arrangements show “significant weaknesses” as the authority has failed to deliver on planned savings and could face an £86.7m funding gap in 2024/25, according to an[…]
Council’s climate team targets pension fund divestment
The Royal Borough of Kensington and Chelsea (RBKC) has said that its pension fund’s continued investment in fossil fuels could pose “material financial risks to its portfolios” and fiduciary duties.[…]
Stoke-on-Trent City Council’s £12m budget gap endangering levelling up projects
Stoke-on-Trent City Council faces a £12m budget gap for 2022/23 due to rising inflation, which may risk the affordability of its levelling up projects. A report by Nick Edmonds, chief[…]
Training momentum gathering pace in LGPS
Since 2018 training in the Local Government Pension Scheme (LGPS) for committee and board members has been progressing. Andrew McKerns discusses what has influenced this change, what progress has been[…]
Michael Hudson: ‘meaningless detail’ in audits causing delays
Local government audit is in crisis. Strict adherence to the International Finance Reporting Standards (IFRS) is causing delays and accounts that are ‘no longer readily understandable’, writes the s151 officer[…]
Bradford councillor fears £33.8m children’s services overspend could lead to s114
A councillor at Bradford Metropolitan District Council has said the authority could risk a section 114 notice as its children’s services department estimated an overspend of £33.8m in the 2022/23[…]
