Reserves

  • CIPFA index 'must be forward-looking'

    19 August 2019

    The Chartered Institute of Public Finance and Accountancy (CIPFA) must double down on efforts to include indicators that are forward-looking in its financial resilience index, a senior sector figure has suggested.

  • Auditor raises reserves concerns at Redcar & Cleveland

    01 August 2019

    The council has been warned it faces running out of reserves within two years.

  • Are reserves such a bad thing?

    09 July 2019

    The public naming of 11 councils deemed at risk of running out of cash reserves has thrown the spotlight on how this money should be spent. Gary Fielding says careful use of reserves can be the solution to a range of issues.

  • Mind the gap

    13 February 2019

    The MJ/LGiU survey exposes the growing gap between the public’s expectations and councils’ ability to deliver – with nearly two-thirds of respondents (61%) providing only ‘a little bit more’ than their statutory obligations.

  • Sheffield warns 'austerity not over yet'

    04 February 2019

    Sheffield City Council will dip into its reserves as it faces a budget overspend totalling £21m over two years.

  • Councils plan reserves increase post-Budget

    01 November 2018

    Prudent councils are shoring up their reserves in an effort to protect future finances, figures released as part of the Budget have revealed.

  • Reserves red alert

    07 March 2018

    NAO study on financial sustainability warns of fresh cash crisis for local authorities

  • Watchdog warns of 'serious concerns' over Clackmannanshire's finances

    25 January 2018

    Scotland's smallest mainland council must take ‘decisive action’ to find nearly £30m in savings over the next three years, auditors have said.