A council has been warned it faces running out of reserves within two years.
Mazars provided a qualified value for money conclusion in its audit of Redcar & Cleveland BC, warning the council was 'in danger of exhausting its revenue reserves’ by 2020/21 without making savings and curbing spending.
Want full article access?
Receive The MJ magazine each week and gain access to all the content on this website with a subscription.
Full website content includes additional, exclusive commentary and analysis on the issues affecting local government.
Already a subscriber? Login