Council accounting rules amended
The Secretary of State for Levelling Up Greg Clark has written to council leaders amending council accounting rules.
According to a government press release, some councils were attempting to circumvent rules allowing for the flexible use of capital receipts.
The amendment means that these flexibilities can be used to fund transformation projects only where councils do not retain either direct or indirect control of disposed assets.
Levelling Up Secretary Greg Clark said: "Every council has a duty to use the tax they receive from hardworking people in a responsible way.
"It’s not right that some councils have been using unorthodox accounting practices which put taxpayer cash at risk. That’s why we’ve tightened the rules which some authorities have been attempting to bypass."
Image: Pixabay
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