Introduction to Local Government Finance
Tuesday 16th March 2021
An on-line training workshop over two mornings - Tuesday 16th and Thursday 18th March 2021
Given the COVID-19 health emergency, it has not proved possible to run our usual training events in Grangemouth. In response to demand from delegates, we are running a series of Spring 2021 training events on-line through the highly successful GoToWebinar and Microsoft Teams platforms. This will allows for a full training day but spread over two mornings and will allow for full audience interaction and Q&A sessions in addition to a full training presentation.
This one day workshop (two mornings) is a new initiative from IRRV Scotland and results from requests from local authorities and other organisations requesting a one-day course that would give attendees a good grounding in and understanding of the complex subject of local government finance in Scotland.
It will provide delegates with a detailed overview of the complex structure and the functions of the local government finance system, and will provide important understanding to anyone working in local government.
The first session will cover the economic background of local government’s current financial position, how local government is funded, and how this is spent. It will also look at the difference between revenue and capital expenditure before moving on to consider the basics of capital financing and treasury management.
The second will build on the knowledge gained in session 1 as delegates will explore the sector’s budgeting, financial reporting and governance arrangements. It will also look in detail at the importance of council tax, benefits, and business rates, and their relationship with the overall funding of local government.
The workshop will finish with a look at local government financial reform so far and what we can expect from the future.
Programme - Day 1
10:15 Local Government Funding
This session will start with an overview of Scottish Public Sector Finances as they affect local government, including funding distribution arrangements
10:45 Local Taxation
This session will examine the requirements of setting a Council Tax, and how the level of central government grant affects affects the role of business (non-domestic) rates
11:30 Refreshment Break
11:45 Capital Expenditure, Capital Financing and Treasury Management
This session describes the basics of the prudential framework, its interaction with treasury management, the way which the government supports capital expenditure, and how local government accounts for capital expenditure. This will include an overview of financing options
Programme - Day 2
10:00 Budgeting, Financial Reporting and Governance Arrangements
The session will take delegates through the process of financial management to publishing a set of local authority financial statements, with a particular focus on revenues accounting. It will look at audit requirements and public performance reporting
10:45 The relationship of Revenues to overall Council financing
This session will look at some of the relationships between revenues and benefits performance, and wider financial management and budgetary control
11:30 Refreshment Break
11:45 Local Government Financial Reform
A discussion about current reforms, what they might mean for local government, and consideration of what might lie ahead, including potential additional tax raising powers
12:30 Summary and Close
The day is designed to be interactive and promotes sharing of knowledge and best practice.
Timings are indicative and are subject to change on the day.
The course will be facilitated by Derek Yule. Derek retired in June 2019 from the post of Depute Chief Executive and Director of Corporate Resources with the Highland Council. Derek is a Chartered Public Finance Accountant, and was awarded Fellowship of the Chartered Institute of Public Finance & Accountancy (CIPFA) in 2016. He is also an Honours Member of the Institute of Revenues, Rating and Valuation (IRRV).
The workshop represents excellent value for money, with seminar fees starting at only £165 + VAT.
We have held delegate charges at 2019 levels and, in addition, every third place from the same organisation booked in the same booking comes entirely free of charge.
A full brochure is available here.