The exact split between West and North Northants is still being determined due to disagreements
A Northamptonshire council has revealed that a total of £953m is under dispute by both unitary authorities, based on disagreements with disaggregation. North Northamptonshire Council spoke of the divisions at an audit and governance committee meeting on Monday, November 27.
Janice Gotts, NNC’s executive director of finance and performance, said: "We need to get it done right and we need to make sure that our views are heard. It relates to effectively the net worth of the authority and what we’ve got in debt versus what we hold in assets." Mark Stocks, a national partner at Grant Thornton, said that Northamptonshire was in a "unique position" being effectively divided in two. He said that timescales for pursuing a disaggregation agreement would be over a year which was "not tenable" to delay audits further.
Local authorities are required by law to produce accounts every year to publicly report on their spending and financial situation. However, only five councils published their audited accounts on time this year.
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