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Peterborough plans £7m repeat of controversial capital receipts treatment: Peterborough City Council has revealed plans to use £7m of capital receipts to help balance its in-year revenue budget and 2020/21 spending proposals – despite controversy… dlvr.it/RQp3ym pic.twitter.com/AsUkQI7fPJ
And here is the LGPS news: It’s better than you read in the press: Some elements of the press have painted a bleak picture of pension schemes at London boroughs. Chris Buss argues that the funds are in “good hands”. One of the periodic[...] dlvr.it/RQmtBt pic.twitter.com/SQMucwF6VB
How to be a Smart Borrower: An increase in PWLB rates has seen treasury officers deluged with offers of credit from the private sector. David Green writes local authorities should take care with the money they[...] dlvr.it/RQfq9m
Council audit fees set to be frozen amid increasing pressures on firms: The fees council pay for their external audits are set to be frozen for the second year running despite increasing cost pressures on audit firms, according to the body responsible[...] dlvr.it/RQPzFZ pic.twitter.com/TZh65hM6MD
‘Dangerously low’ reserve levels prompt 8% rates rise: A Northern Ireland council has voted to increase its domestic rate bills by almost 8% after being told by the Chartered Institute of Public Finance and Accountancy (CIPFA) that its[...] dlvr.it/RQPP1J pic.twitter.com/mQ9wff20p8
Sponsored Q&A: Funding Circle’s Sachin Patel on investing in SME loans: Sponsored Q&A: Funding Circle is the leading SME loans platform in the UK, US, Germany and the Netherlands, with over £8bn lent through the platform to 77,000 businesses. With… dlvr.it/RQPNwj pic.twitter.com/syc5eL04vQ
Audit questions Aberdeen’s income generation record: Aberdeen City Council has a patchy record of planning and monitoring its service-boosting income generation proposals – many of which fail to meet their budgeted targets, an internal audit report[...] dlvr.it/RQLFsc
Richard Harbord: Cannock Chase reveals the risks in business rates appeals: Amazon’s victory in a business rates appeal means one Staffordshire council will have to dip into reserves. Richard Harbord discusses the trouble with appeals. The headlines… dlvr.it/RQBT4G
EXCLUSIVE: Bonds agency goes to market with £350m inaugural bond: The UK Municipal Bonds Agency (UKMBA) today launched its long-awaited first bond into the market, ending a six-year wait. In January, Room 151 broke the news that the UKMBA was[...] dlvr.it/RQ2sdz pic.twitter.com/elfC7GOmEs
Edinburgh sets out £2.5bn housing-investment plans: Proposals to invest almost £2bn in delivering new council homes and close on £500m to upgrade existing social-housing and tenant services over the next decade are set to be agreed[...] dlvr.it/RPxzdl pic.twitter.com/1amWnB7cF7
NAO: Councils’ commercial property activity raises questions over prudential framework: The government’s spending watchdog has urged the government to review the regime governing councils’ capital spending, concluding that their activity in the… dlvr.it/RPwqBN
William Bourne: Good Governance Project leaves ‘conflicts’ to be resolved: William Bourne reflects on how the Scheme Advisory Board’s Good Governance Project recommendations could be made more effective. Over the last 10 years governance has probably… dlvr.it/RPtDJB
Shared service venture to create “finance academy” for managers: A back office shared services initiative run by three London councils is to create a “finance academy” to improve budget management and financial control. The move is being made as[...] dlvr.it/RPq6LL pic.twitter.com/xlOIgBAOJs
Warren Buffett’s ESG scepticism: The reaction: At the end of last year Warren Buffett, one of the world’s foremost investors, said it was wrong for companies to impose their views of “doing good” on society. We[...] dlvr.it/RPpWWT pic.twitter.com/KKmM77p4h4
Olympian task: Stepping up at Newham: Last year, Conrad Hall moved from his role as chief finance officer at London Borough of Brent to take on a wider remit as director of resources at the London[...] dlvr.it/RPm2CP pic.twitter.com/UyfZz9grdb
