As well as our extensive work programme to influence funding for local government, we have updated our finance offer to help local authorities.
Increasingly, local authorities have told us they are looking for good practice and support to help them manage their overall finances in these difficult times. This can range from achieving productivity or efficiency savings through to ways of helping them engage with their local communities to prioritise how they spend reduced resources.
Our finance offer relies on making use of expertise in the sector, both member and officer peers. It includes:
- a new financial review
- a financial health check
- a budget challenge
- tools to allow councils to assess their own financial position and consider opportunities and threats to their financial strategy.
Our finance offer also highlights key elements of our existing offer, in particular around productivity and efficiency, and signposts the contributions that other organisations such as Local Partnerships can make.
Top tips on efficiency plans
The LGA and CIPFA, with the help of practitioners working within local government, has produced top tips for councils seeking to submit am Efficiency Plan and access the Government's four year financial settlement offer.
Innovative financial planning
In view of the need to manage tighter resources and take more difficult decisions to prioritise spending within a diminished funding envelope, many councils are looking at ways to run their financial planning and budget processes differently. This includes looking at longer term planning horizons and considering how to deliver services differently by focusing on the priority outcomes they wish to achieve for local residents and citizens rather than on the way services are managed.