What's New?
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[…]
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. In a stinging assessment, audit firm[…]
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[…]
Delays to the publication of 16 councils’ accounts due to auditor staff shortages has borne out warnings the Local Government Association (LGA) made to the government in 2014 about curtailing[…]
Brighton & Hove Council is to restructure a multi-million pound loan to the operators of the BAi360 tourist attraction after agreeing to defer receipt of a repayment due to falling[…]
Local authorities ramped up their borrowing from the Public Works Loan Board (PWLB) in the year to April, increasing the statutory body’s liabilities by 10.5%, according to the body’s annual[…]
CIPFA has amended its draft Financial Management Code for local authorities to give commercial activity greater prominence. The body has amended the proposals to recognise the importance of commercial activity[…]
A Midlands council is predicting a £5.5m overspend on its 2019/20 budget – just one month into the financial year. In a report to Peterborough City Council’s cabinet, Peter Carpenter,[…]
Spelthorne Borough Council received £7.5m net revenue from its property investments last year – with the figure set to overtake council tax receipts next year. The council’s outturn figures, published[…]
