Nottingham City Council has edged closer to issuing a section 114 notice, after revealing it still faces a significant in-year deficit despite tightening its purse strings.
A report to the council’s executive board, published on 13 November and due to be discussed next week, reveals that the in-year deficit is now estimated at £23.3m.
The report by Ross Brown, Nottingham’s corporate director of finance and section 151 officer, reveals the city faces ‘significant pressures’ from spending on social care, children’s services and temporary accommodation – now common themes across councils.
Nottingham recently implemented cost control measures to help ease its financial pressures – including the decision not to fill specific vacant posts - and the report indicates the city has sufficient resources available to meet its immediate key obligations.
To continue reading this article visit The MJ (£).
