Introduction to collection fund accounting for local authorities in England

About this event

This course gives you an introduction to this complex and increasingly important area of local government accounting, from the principles through to the detailed accounting entries using a worked example. The sessions explore the constituent elements of the council tax and business rate control accounts, the subsequent calculation of collection fund surplus/deficits and statement presentation, as well as the implications for the general fund.

Who should attend?

The events are designed to aid practitioners in English local authorities with their understanding of the Code of Practice and legislative requirements for collection fund accounting, as well as putting them into practice.

They're aimed primarily at billing authority practitioners unfamiliar with collection fund accounting, or those who require a refresher. It will also be of interest to precepting authority practitioners who wish to enhance their knowledge of the subject.

How will you benefit from attending?

Attendees will benefit from:

• a thorough understanding of how the models work and the best route to their completion
• being walked through a worked example of the model, step by step
• acquiring the necessary skills to quality assure collection fund and related general fund entries
• understanding how the models can be utilised by authorities who are pool leads
• learning the functionality of the models for the 100% and 75% BRR pilots
• the opportunity to share and discuss issues and lessons learned from completing the models in previous years