Rainy-day council reserves have dwindled to £8m
Town hall bosses have appointed a team of independent specialists to conduct a financial check-up of their finances as it bids to balance its budget in the future. Trafford council has asked financial experts the Charted Institute of Public Finance and Accountancy to carry out the review to make sure it is managing its finances well and to help identify any further savings that could be made.
Meanwhile, the authority’s cost base continues to rise, with a significant increase in need for services, especially in children’s and adult social care. In the last four years the council has had to use £35m of reserves to support the budget and only £8m remains available.Council leader Tom Ross said: “We made it clear when we set the last budget that we are being tasked to do more with less money.
CIPFA, which is the only UK professional accountancy organisation dedicated to public financial management, is recognised as independent of any sectional or political interest within local government.
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