Audit Commission calls for clarity over council reserves

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Published by 24publishing for 24dash.com in Local Government and also in Housing

Councils should provide greater clarity about the reasons for holding reserves, according to the Audit Commission. Its report, Striking a Balance, encourages English councils to focus more attention on the £12.9 billion set aside in their reserves – the equivalent of nearly a third of their net spending on services in 2011/12. While the Commission found that councils routinely consider reserves as part of their annual budget setting, the report calls for officers to offer elec...

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