Financial Policies & Strategies

Financial Strategy

The purpose of the Council’s Financial Strategy is to provide clear direction, supported by a practical framework and explicitly defined parameters, on how the Council will structure and manage financial resources in the medium to long term to ensure they are deployed effectively to achieve corporate objectives.

The value of such a Strategy is that it enables the Council to develop a better understanding of the wider policy and financial environment within which it operates, identify and respond flexibly to opportunities and threats, manage and mitigate risks and ensure that financial resources are contributing to achieving corporate objectives.

The Strategy covers the period 2013/16 in detail and also identifies issues that will impact in the longer term, so that the Council can plan ahead. It includes expenditure forecasts and projected funding, where known for key priorities.

The Council has taken into account guidance from CIPFA when developing the Financial Strategy as well as best practice from other local authorities.

Financial Regulations

These Regulations are made in terms of Section 95 of the Local Government (Scotland) Act 1973 which requires every Local Authority to make arrangements for the proper administration of its financial affairs and to ensure that the proper officer of the Authority has responsibility for those affairs.

Treasury Management Policy

Treasury Management includes the management of the Council’s investments and cash flows, its banking, money market and capital market transactions and much more. The latest Treasury Management Policy Statement is available here.