From:                                             Rob Whiteman, CIPFA <cipfa@email.cipfa.org.uk>

Sent:                                               16 September 2020 11:08

To:                                                  Moore, Ashleigh

Subject:                                         CIPFA COVID-19 Bulletin

 

Weekly update on coronavirus

CIPFA | The Chartered Institute of Public Finance & Accountancy


CIPFA COVID-19 Bulletin

For CFOs already trying to manage an over-stretched budget, last week’s announcement that councils would now be required to provide COVID-19 marshals was yet another blow. This is a further example of this government’s failure to acknowledge the financial commitments and demands facing an already strained sector.

On the one hand, councils are filling in very detailed forms regarding their losses in order to receive income compensation dating back months. On the other, they are being given responsibility for a task that lacks any detail or funding and was introduced almost overnight.

It places the sector in an impossible position. I will make sure that the call for a sustainable settlement is the bedrock of our response to the spending review. However, funding is only part of the picture. We need to address the thorny subject of devolution and reorganisation. I raised some talking points on this in CIPFA’s recent webinar, but it’s important that we keep the discussion going.

Business grants for local lockdown

Businesses in England required to close due to local lockdowns or targeted restrictions will now be able to receive grants. Local authorities will be responsible for distributing the grants to businesses. Local authorities will also receive an additional 5% top-up of business support funding to enable them to help other businesses affected by closures that may not be on the business rates list.

Accounting Code annual consultation

The CIPFA/LASAAC Local Authority Accounting Code Board has issued its annual consultation on the 2021/22 Code of Practice on Local Authority Accounting in the United Kingdom. This year’s consultation also includes an open question on the recommendations put forward by Sir Tony Redmond last week and provides us with an opportunity to gather initial thoughts.

Prudential Code

The Westminster Public Accounts Committee inquiry into the practices of local authorities borrowing to invest for commercial yield recommended that a review of the prudential framework should be undertaken. CIPFA is planning to review the Prudential Code. Our intention will be to both strengthen and modernise the Code while maintaining the integrity and spirit of the existing permissive framework.

CIPFA’s Treasury and Capital Management Panel will lead the review with a view to consultation in 2021 and publication of a revised Code by early 2022.

Recent webinars

We are running a series of topical webinars exploring various consequences of the COVID-19 pandemic for local government and other public service professionals.

• The importance of NEDs in a post-COVID world. Watch here
• The future of adult social care. Watch here
• The case for local government reorganisation. Watch here

Upcoming webinars

Public sector performance reporting and the sustainable development goals: 24 September 10.30am–12.00pm

As climate change becomes an increasingly important factor in the decision making of governments, sustainability and performance reporting has grown in both relevance and importance for those working in public finance. Join us for this webinar to discuss the latest frameworks in public sector performance reporting as it relates to the UN’s SDGs and the future of sustainable reporting in the European context. Register here

PAID FOR: The Redmond Review on local government financial reporting and external audit: 28 September 2020 9.00am–12.00pm

Hear directly from Sir Tony on the recommendations and impact of the Redmond Review and the likely timeline for implementation. Gain an early insight from Rob Whiteman, CIPFA’s CEO, on how the Institute will be responding to the recommendations, in order to best support and promote these recommendations. Register here

A place for prevention: 8 October 11am–12.15pm

Placing emphasis on place-based prevention will help mitigate the heavy burden expected to fall on public services in the coming years and safeguard them in the event that another crisis hits. The panellists at this webinar will discuss their research into place-based prevention and tools to create and implement place-based approaches in local communities. Register here

COVID-19 advice portal for local authorities

Essential guidance for local authorities on all aspects of coronavirus support can be found on the GOV.UK website. It is being regularly updated and should act as the definitive reference point for councils: COVID-19 guidance for local government.

Further advice and guidance can also be found on CIPFA’s COVID-19 hub.

Frequently Asked Questions

Please share any questions or issues you’re experiencing with Joanne Pitt,
CIPFA Local Government Policy Manager: joanne.pitt@cipfa.org

Rob Whiteman
Chief Executive, CIPFA


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