Room151

News round-up: government funding, Best Value Notices lifted, IT efficiencies https://lnkd.in/e_j7MuNf #localgovernment #localgov #localgovernmentfunding #bestvalue #debt #software #roads #potholes #community

Elizabeth Carey: a joint undertaking – how Pooling 2.0 can serve the needs of all https://lnkd.in/eDupKXuw The latest blog post from the independent adviser and research analyst for Local Government Pension Schemes looks at the government's open consultation on the LGPS. #LGPS #LGPSreform #LGPSconsultation #pooling #investment #governance #blog

The recent backstop date has led to auditors issuing 361 disclaimed opinions on local government accounts for the years up to 2022/23, new data by the PUBLIC SECTOR AUDIT APPOINTMENTS LIMITED. #audit #backstop #localgov https://lnkd.in/eeBr6ZTW

Suzanne Jones: personal reflections of 2024 https://lnkd.in/eUdquFhq The Huntingdonshire District Council section 151 officer reflects on a year of personal and sector-wide change. #localgovernment #localgovernmentfinance #localgov #change #servingresidents #elections #budgets #audit #reorganisation #accounts #housing

What do the Mansion House changes mean for the LGPS? Our CEO Rachel Elwell discussed the implications of the Chancellor’s pension reforms alongside Neil Mason (assistant director and head of pensions at Partner Fund Surrey Pension Team), William Bourne (independent advisor), and Mark Gayler (Devon County Council) in this month’s Room151 Online Treasurer’s Briefing. Rachel explained that collaborating cross-pool is key to delivering reform, whilst still keeping a keen eye on members’ and employers’ needs. Thank you to Room151 for hosting this important discussion. Read more here: https://lnkd.in/dBR-abQm

Local government professionals have shared their initial reactions to the provisional finance settlement for 2025/26, highlighting significant disparities in funding outcomes between councils. #localgov #finance #settlement #funding #disparity https://lnkd.in/eWVRJPDQ

In research we have carried out in partnership with Future of London and Airey Miller, we found that several London boroughs are struggling to prepare for PFI contract expiry due to a lack of resources, including project management capacity and clear contract ownership within their organisation. To read more, please visit: https://lnkd.in/dy2CzjUM This research has also picked up in the following publications: Partnerships Bulletin - https://lnkd.in/d_GapR6A Room151 - https://lnkd.in/eM2dTH5b LocalGov - https://lnkd.in/e4rsSqFn LocalGovernmentLawyer - https://lnkd.in/dtv6rZfj & https://lnkd.in/efhTqrtC TheMJ - https://lnkd.in/eEkc-wHX

Read the latest local government finance news in this week's newsletter:  - Provisional finance settlement reaction  - Government proposes end to IFRS 9 statutory override  - New audit oversight and coordination body created   #localgovernment #localauthorities #localgov #funding #finance #treasury #investment #s151 #financeofficers #treasurymanagers #housing #development #budgets #LGPS #pensions #lending #loans #borrowing #audit #accounts #fundingreform #auditbackstop #financesettlement #IFRS9 #NICs #SocialCareGrant #RecoveryGrant #auditreform #LocalAuditOffice

Draft Finance Settlement: Local authorities are set to receive an additional £700m in funding under the provisional local government finance settlement, including compensation for the rise in employer National Insurance Contributions (NICs), but no IFRS 9 extension https://lnkd.in/e7ERwYG3   County Councils Network, District Councils' Network, Dan Bates, London Councils, Special Interest Group of Municipal Authorities (SIGOMA) #localgov #funding #resources #NIC #IFRS9 #settlement #socialcare #homelessness #counciltax #buisnessrates

Government proposes end to IFRS 9 statutory override from 2025/26 https://lnkd.in/ejasNjqm There have been warnings that removal could trigger section 114 notices, while some experts “don’t see the justification” for change #IFRS9 #accounting #treasury #borrowing #investment #pooledfunds #statutoryoverride #localgovernment #localgov #financialreporting