Giving an independent, informed and insightful opinion to councils on their financial resilience and advice on options to deliver a balanced budget.
In recent years, councils will have exhausted all the ‘low hanging fruit’ of actions, and even those have longer term unintended consequences. In addition, service demands and expectations continue to grow but with income sources not aligning automatically, which is especially so in times of austerity.
As a result, there could be financial failure in some councils. CIPFA sees this new product as vital in helping avoid this, if at all possible. (Our Treasury Management Risk study, in association with PSLive, addresses risk). But we expect most councils will wish to gain an expert opinion on their current financial resilience. CIPFA will use its members, assets and partners to do just that through its new product, the Financial Resilience Advisory Report – a report based on experienced professional insight, typically from experienced CFOs but coupled with CIPFA’s unique range of diagnostic tools. This is CIPFA and CFOs working together to help support individual CFOs and maintain the overall proud record of financial governance across the whole of local government.
Our new approach developed with the sector, centre' around a report typically commissioned by the CFO as a corporate initiative, and includes:
Get in touch with our team on T: 020 7543 5600 or E: firstname.lastname@example.org to explore how we can advise and make recommendations on your organisation's financial resilience.
Download our brochure for more details [PDF 445k].
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