Leicestershire & Rutland
Association of Local Councils

Supporting Local Councils in Leicestershire & Rutland

Jubilee Hall

Chief Executive: Jake Atkinson
Jubilee Hall, Stadon Road
Anstey, Leicester LE7 7AY

Tel: 0116 235 3800

New guidance on local government investments

Posted: Mon, 12 Mar 2018 22:49 by Jake Atkinson

The Government has published a new edition of its statutory guidance on local government investments. The new edition applies in England only, for accounting periods starting on or after 1st April 2018. The guidance can be found by clicking here.

The main change is that the guidance is now mandatory for parish and town councils where investments exceed or are expected to exceed £100,000 in the financial year (formerly £500,000). As before councils where investments are expected to exceed £10,000 are encouraged to adopt the principles in the guidance.

Councils where the guidance applies should prepare an Investment Strategy containing the disclosure and reporting requirements specified in the guidance and have it approved by Full Council.

Tags: Guidance, audit, Finance & Audit, investments, reserves