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Introduction to Local Government Finance
Tuesday 2nd June 2020

For the booking form please click here

This one day workshop 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 morning 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 afternoon will build on the knowledge gained in the morning 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 day will finish with a look at local government financial reform so far and what we can expect from the future.

Programme

10:00 Introductions

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

12:15 Lunch

13:15 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

14:00 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

14:45 Refreshment Break

15:00 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

15:45 Summary and Close

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. He 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). Derek has worked in Local Government since 1987 in various positions and from October 2017, he assumed a wider responsibility as Director of Corporate Resources with Highland Council, and in addition was appointed Depute Chief Executive. Derek is a past Chair of the Local Authority (Scotland) Accounts Advisory Board (LASAAC), and has also served as Vice Chair of CIPFA/LASAAC Local Authority Accounting Code Board and as a member of the Financial Reporting Advisory Board (FRAB).

The workshop represents excellent value for money, with seminar fees starting at only £165 + VAT. Every third place from the same organisation booked for this course (and made in the same booking) is entirely free of charge.

Meetings