Local Authority Reserves and Unsupported Borrowing - Research Paper

1 Jul 2012 - 10:00am

In March 2012, the Welsh Government (Local Government Finance and Public Service Performance Division) commissioned the Wales Audit Office to undertake research into Welsh Local Government's use of unsupported borrowing and their holdings of reserves.

In particular, the research was designed to improve the collective understanding of how local authorities manage reserves and use unsupported borrowing to support their financial strategies and to identify any differences of approach across local authorities and identify any areas of notable practice for wider dissemination. More specifically in relation to unsupported borrowing, the review sought to gain an understanding of any reasons why it was not more widely used or barriers to its use. 

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