LG Improve Financial Benchmarking and Resilience Service.

July 8, 2024 Joint Strategic Director Finance and Resources (S151) (Officer) Approved View on council website
Full council record
Content

The service provides the most cost-effective
way to access our financial analysis giving you the most up to
date, in depth analysis of your finances available anywhere.
The service includes:
• 7 models (including our newly created Balance sheet model)
diagnosing your financial health in unparalleled detail.
• Customised analysis specifically for your authority,
regularly updated throughout the year
• Current and historic patterns, trends developments that
affect your funding position
• Key messages for senior leadership, members and other
stakeholders all based on factual, verified data.
• Areas of concern, anomalies and actions to take, clearly
explained
• A personalised session on interpreting the data, trends and
benchmarking.
• Access to our member-only webinars and MTFS sessions
throughout the year

Reasons for the decision

The service provides the most cost-effective
way to access our financial analysis giving you the most up to
date, in depth analysis of your finances available anywhere.
It enables robust financial decision making.

Alternative options considered

Information is available via RO and RA forms
but the degree of accuracy is to high to be of use.

Details

OutcomeRecommendations Approved
Decision date8 Jul 2024