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In the news

Hart bolsters LGR reserve as costs rise

Hampshire prepares to launch LGR challenge on basis of ‘flawed’ financial analysis

Worcestershire commits to forestry strategy

Hampshire four-unitary model could save between £64m and £92m a year

ICAEW and CIPFA merger moves closer with signing of new agreement

Hart District Council adopts digital finance platform to cut costs

How to diversify your portfolio with trade finance

Local audit crisis causes NAO to once again disclaim government’s accounts

Examining behavioural biases in the investment-grade credit market

‘A positive step but there will be losers’: further reaction to the Fair Funding Review

Cheshire East confident EFS will be short-term bridge to longer-term financial sustainability

Government’s 16 commitments and £49m funding designed to ‘fix the broken audit system’

Finance experts ask parliamentary committee: what is local government fundamentally for?

EFS is ‘bad government’ and reorganisation is a ‘distraction’, parliamentary committee hears

High time for the pension industry to support defence in Europe and the UK

Housing budgets could ‘collapse’ at two-thirds of councils, finds survey

Government proposes end to IFRS 9 statutory override from 2025/26

New audit oversight and coordination body will ‘simplify and drive change’

Scottish Budget reaction: a failure to ‘engage with the scale’ of councils’ financial challenges

LGPS consultation sparks debate on power shift and pool governance

Results revealed: Treasury Investment & Current Affairs Survey 2024

Luton council lodges formal complaint against EY

Andy Brown joins Surrey as executive director of finances and s151

Local government seeing ‘downward trend’ in treasury investments with focus squarely on cash, Room151 survey finds

Get Britain building again: housing associations key to Labour’s promise

Municipal Missions Manifesto: A new dawn for local government has broken, has it not? – Alison Ring

Government action to address local audit backlog outlined in Parliament

Good governance and data-driven risk management needed “now more than ever”, says CIPFA

Private Markets Forum II: new challenges, new strategies

Put public sector at heart of election manifestos, parties told

Windsor and Maidenhead seeks financial support to relieve ‘untenable’ short-term position

Lambeth’s exceptional financial support request granted by government

‘Limited’ Oflog would ‘make perfect sense’ as audit system leader

LATIF North in review: charting a future course

Owen Mapley appointed as CIPFA chief executive

Medway requests £30.8m in exceptional financial support over two years to avoid s114

Housing151 conference draws near seeking solutions to timely topics

2023 in review: 12 of Room151’s best blogs

2023 in review: the best stories in local government finance

DLUHC issues Best Value Notices at Runnymede and Eastleigh

‘Unthinkable’ settlement ‘falls short’ of needs and leaves authorities ‘bitterly disappointed’

Provisional local government settlement offers 6.5% funding increase but “fails to ease” long-term crisis

Alison Ring: setting a new direction for local authority accounts

ICAEW calls for ‘urgent action’ on funding pots bidding and the audit crisis

Concern raised over reliability of data and expertise of council-run firm providing financial services

Results revealed: Treasury Investment & Current Affairs Survey 2023

LPPI’s Richard Tomlinson on Mansion House and investing in private markets

CIPFA CEO Rob Whiteman to retire next year

Job Alert: London Treasury – Treasury Analyst

Michael Hudson interview: ‘my focus is on the customer journey, experience and outcome’

Commissioners to begin stepping back from Sandwell Council – but more work on finances needed

Arlingclose implicates “too late and too weak” regulators in slew of section 114 notices

DLUHC to implement its new proposals to clear audit backlog by year-end

Southampton begins ‘informal discussions’ with government over finances; ‘external challenge’ and ‘urgent action’ needed to avoid s114

Alison Ring: the spotlight on local audit is also shining on the accounts

New secured deposit service gives councils access to repo market

‘Closer working’ talks between CIPFA and ICAEW facing ‘challenges’

Nathan Elvery: the warning signs of financial failure

Limiting your exposure to banking casualties

Where are the analysts to read local authority accounts?

Radical mini-budget a ‘huge economic experiment’

Why good governance is more than words on a page

Alison Ring: don’t waste the huge effort you put into annual accounts

Gove at LGA: councils to receive two-year financial settlement

ICAEW: ‘ARGA needs more powers over local authority financial reporting’

How local government can benefit from strong audit committees

Bags of capacity – now to housing delivery

LGPS pool ‘demonstrates major cost savings’, according to annual report

Lessons from Ukraine: are defence exclusions ‘responsible’?

West Devon ‘to declare housing crisis’

IFRS 16: A lot of effort, but a great opportunity too

Reasons to be cheerful in a time of major change for local government finance

An ethical charter for responsible investors

Exploring the hydrogen spectrum: The future’s white

Mandatory Prudential Code ‘no substitute’ for effective balance sheet management

The risks of de-risking LGPS

Local authorities need to ‘invest in finance teams’

‘Better governance and greater transparency’ could help improve financial decision making

ESGenius: Slashing emissions will fuel green growth for decades

Extra finance promised by the government receives a broad welcome

A savvy approach to managing your cash

Local accounts compiled ‘as if they are destined for the filing cabinet’

Supreme Court ruling: No charter for LGPS boycotts

Peterborough plans £7m repeat of controversial capital receipts treatment

‘Dangerously low’ reserve levels prompt 8% rates rise

NAO: Councils’ commercial property activity raises questions over prudential framework

Preston replaces Sir Merrick Cockell as LPFA chairman

Prime minister Johnson “impressed” with Spelthorne initiatives

Whiteman and Dawes receive New Year honours

CIPFA hopes updated resilience index will strengthen s151s

Room 151’s top news stories of 2019

Interview: Doug Heron, CEO, Lothian Pension Fund

Lack of benefits prompts shared services rethink

Council finance chiefs favour social enterprises over private sector

Council tax fraud rises by 22%

Guidance recommends sale of risky investment properties

CIPFA launches financial management code for local authorities

Ministers reject creation of new Audit Commission-style watchdog

Councils to seek PWLB alternatives to maintain capital programmes

Bonds agency unveils replacement for ‘joint and several guarantee’

Financial resilience index revisions set to scrap traffic light indicator on reserves

Hard choices: how the PWLB rate rise could hit councils’ service budgets

CIPFA consults on improvements to council accounts

Councils plead for discount PWLB rate to save housing and regen schemes

PWLB bombshell: ‘Best day for a long time’ for bonds agency

Council PWLB borrowing hits record level in August

Peterborough capital receipts episode prompts prudential framework review

Collaboration – the key to sustainable regeneration

Councils urged to protect themselves against money laundering

MPs: Government must consider alternative to “risky” business rates retention

Auditors and PSAA slammed after jump in accounts deadline failures

Minister warned against meaningless local government finance review

LGPS governance review rejects separation of s151 roles

Councils seek assurance from new government on local authority funding

CIPFA reviews transparency of local government accounts

CIPFA welcomes MPs’ call for greater whistleblower protections

Audit review raises prospect of new transparency rules for s151s

CIPFA backs alternative tool for measuring councils’ financial resilience

Councils reveal fears over funding for services

Kingston looks to set up company to buy £68m of commercial property

Council commercial property investment rises again

Spending Review uncertainty leaves fair funding reforms in balance

Councils slam ‘misleading’ BBC reserves danger list

IFS: National debate needed to end ‘muddling along’ approach to council funding

CIPFA chief calls for ministers to lose Fair Funding Review role

Spending watchdog probes council borrowing for property investment

CIPFA stars shine at awards

Mutual launches to compete in insurance market

Partners at loggerheads over Birmingham PFI deal

Neo-Chartalists or Neo-Charlatans? A dive into modern monetary theory

Internal audit principles published

Right to Buy scheme costs outweigh benefits, says CIH

Lord Porter: ‘Insane’ for all councils to have a director-level CFO

Senior council officers voice doubts over retail investment exposure

Councils isolating CFOs risk failure, warns new CIPFA code

IFS says local income tax could boost council coffers

CIPFA cautions on currency hedging

Wales council tax rises average 6.5%

Capital idea: Putting asset sales into a local context

Band D council taxes up by 4.5%

Delays cause Northampton audit bill to balloon

Spelthorne rejects claims of auditor concerns about its investments

Cut and dry: New guidance will help councils streamline accounts

CIPFA issues guidance on streamlining accounts

Rob Whiteman: Far-reaching reporting changes

CIPFA launches risk guide for local government pension schemes

Triumph of common sense: unlocking dormant charity funds

Guidance counselling: addressing the commercial property borrowing craze

Commercial property investment: The need for new guidance

Show and tell: 10 best practices in public sector financial planning

Arlingclose launches system for rating local authority creditworthiness

Budget 2018 – a stepping stone to a truly 21st century Spending Review?

Newham financial health check identifies control weaknesses

Councils detect or prevent £302m of fraud

District Councils Network urges government to extend Right to Buy spending time limit

Northamptonshire appoints new s151

Thinking cap – What does the scrapping of the HRA cap mean for finance directors?

Spelthorne nears £1bn in borrowing for property acquisitions

Rebecca McCaffry: Local authorities must transform to survive

CIPFA announces new president

Jonathan Bunt: Sacrifices needed to launch large-scale housing developments

CIPFA unveils proposed financial resilience criteria

Newham calls on CIPFA for financial health check

LPGS pools urged to sign up to transparency code

Board moves to end auditor confusion over LOBOs

Councils combine to establish mutual insurance company

Final guidance revealed for application of IFRS 9

Treasurers see Brexit undermining financial sustainability

Government eases reporting burden of revised investment code

Local government leaders call for IFRS9 statutory override

News Roundup: MPs target housing borrowing cap, living wage challenge, Lambeth lends £300m, GMPF homes

Aylesbury closes standalone company in the face of competition

Peter Worth: Happy New Year – IFRS 9 is coming

News Roundup: Policies ‘conflict’ over property investment, industrial strategy role, EU structural funds

Expert warns to begin preparation now for IFRS 16 lease accounting standard

CIPFA reveals biggest fraud threats

Chancellor’s crackdown on property acquisition expected to hit councils investing beyond their borders

Council investors race to lobby IFRS9 panel as arcane reg threatens ‘perverse outcomes’

Report calls for bolstered s151 role for LEPs

Bob Swarup: The only certainty for investments is uncertainty

Spelthorne returns to PWLB for £48m acquisition

Reversal of social rents policy puts housing development back on the agenda

IFRS9 to have ‘real impact on local authority finances’

Lancs merger of s151 and CEO roles sparks accountability row

News roundup: Borrowing to increase cash needs, Newham’s transformation savings, residents audit Lambeth, CIPFA’s ethics update

Expert predicts central government could intervene to stop commercial property investment

News roundup: LGPS pool’s global infrastructure fund, business rates to ditch RPI plan, £1bn spent on property

LGA changes tack on business rates retention

Local government doubles spending on property and land

News round-up: Brexit’s ‘big impact’ on councils, social care funding, bottle deposit scheme

Commission says Brexit could mean reform and a boost for local government

Welsh local government reform needs new body of 151 officers

Executive pay is the governance target for LAPFF

Reading council leader survives vote over auditor’s governance concerns

News round-up: Surrey’s property strategy slammed, Post-Brexit immigration curbs, LGPS academy concerns

News round-up: Brexit role for councils, LGPS monitoring contract, road repairs and council tax rises

Inter-authority lending rockets by £1bn

Commercialisation drives review of Prudential Code

News round-up: Infrastructure model trial, highest council tax rises, Capita treasury services sale

Spring Budget: Compensation on the way to quell business rates anger

Spring Budget: Social care funding pledge meets with scepticism

News round-up: Glasgow’s TIF plan, calls for new watchdog, Cornwall’s settlement ‘disappointment’, business rates events

Easing impact of revaluation could undermine business rates devolution

New borrowing powers needed to speed up development

Housing strategy reveals funding boost for planning departments

Regulator urged to drop MiFID II portfolio threshold

Northants s151 hits back at Daventry’s call for government intervention

News round-up: Call for social care agreement, MiFID II objections, housing fund winners, development funds