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This event will cover the effect of the Autumn Budget 2017 and local government final settlement on the current and future external funding of local government as we move further into this budgetary period
19 February 2018Starts: 10:00Ends: 16:00
Novotel Leeds Hotel4 Whitehall QuayLeedsWest YorkshireLS1 4HR[See map]
£275.00 excl VAT
£195.00 excl VAT
This event will cover the debate and discussion around the Fair Funding Review (FFR) in local government. We will take an in-depth look at the current funding formula, with a specific focus on relative needs, relative resources, needs indicators and the four-block model. Proposed variations to the current formula will be examined including the effects of limiting thresholds, flat per-head funding and the options for adult and children’s social care.
An 'open source' fair funding model will be unveiled which will help officers understand the potential impact of the FFR in their budgeting and financial planning. At the event we will walk through the model to ensure that delegates have a full understanding of how changes in data and formulae might affect funding allocations. The model will be available to CIPFA FAS subscribers.
Finally, the combined effects of business rate retention and Fair Funding changes will be examined and debated to give a fuller picture of the future direction of the local government funding and resourcing.
Those who should attend include: chief accountants, financial planners, budget specialists, service accountants, finance lead members and directors of finance. In effect all those who are involved in the budgetary and financial planning process for the local authority.
Delegates will obtain a better understanding of the future funding regime for local government and how to deal with it in financial planning and budgeting. This will make predictions and forecasting more measured and accurate for financial planning and budgeting purposes.
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Adrian has a background in local government and has considerable experience of financial planning, financial strategy and forecasting. He has been involved in grant settlements both as a practitioner within local authorities, and as an external advisor. He has also advised numerous representative groups (LGA, Sparse, Central London Boroughs, HEA SIG) and lobbying campaigns. Within Pixel, Adrian’s focus is to work with local authorities to help them forecast grant funding and to understand grant settlements. He understands the pressures local authorities are under in the run-up to budget setting, and the information and analysis they need.
Fair Funding Review - Implications for Local Authorities from the Consultation Paper (December 2017)