A stark warning has been delivered about the state of Shropshire Council's finances, with 'significant pressure' leaving 'little room to manoeuvre' over the threat of financial insolvency, a review has found.
A stark warning has been delivered about the state of Shropshire Council's finances, with "significant pressure" leaving "little room to manoeuvre" over the threat of financial insolvency, a review has found.The report set out the position of Shropshire Council's finances.
"The council has very little remaining in its general reserves to cushion the impact of under-delivery, and will require the delivery of at least 95 per cent of these savings in order for it to avoid depleting its reserves to a level which seriously jeopardises its financial solvency.The review says there is 'no cushion' for the council in making the targeted savings, but highlights the difficulties posed in achieving its aim.
The report says that longer term plans for sustainable finances in future years were welcome, but that all of the council's attention must be on the savings for the current year, to avoid the threat of insolvency. It states:"Addressing the 2022/23 ‘best estimate’ overspend through utilising £10m from general reserves would leave the council with reserves of just £5.6m , a significant risk for its ability to address any unanticipated issues.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
'Substantial challenges' as Shropshire junior doctors prepare for 72-hour walkoutA 72-hour walkout by junior doctors at Shropshire hospitals 'will bring substantial challenges' according to a senior health official.
Weiterlesen »
Older Shropshire residents warned over 'money mule' dangerA warning has gone out to older people in the region to beware of becoming recruited as a ‘money mule’.
Weiterlesen »
Junior doctors in Shropshire join three-day strikeJunior doctors across Shropshire have begun 72 hours of industrial action taking place until 7am on Saturday as part of a national strike over pay.
Weiterlesen »