“Birmingham City Council’s auditors Grant Thornton [also] revealed earlier this month the council had spent £117m of its reserves in two years.

The auditing firm has issued a rare set of recommendations under section 24 of the Local Audit and Accountability Act – understood to be an early warning of financial mismanagement. …”

https://www.publicfinance.co.uk/news/2018/08/pressure-childrens-services-forces-torbay-make-cuts