The service is led by the Assistant Director Finance who, as section 151 officer, is responsible for assuring the proper administration of the Council's financial affairs and providing an effective Internal Audit Service. Finance's key functions are to provide leadership and direction to the County in the use of financial resources and financial and management controls and ensure that decisions are well informed with regard to value for money, financial risks and accountability, and to manage the pension fund.
The role of Finance is to:
- Prepare and monitor revenue budgets
- Prepare the medium term financial strategy including revenue, capital, treasury management and risk management.
- Produce financial statements including the annual Statement of Accounts
- Provide professional and technical advice and support for all services
- Maintain, renew and control the Council's financial systems
- Manage and monitor the Council's main control, suspense and bank accounts
- Manage the Council's VAT responsibilities, including liaison with Customs and Excise and provision of tax advice and training for all services
- Ensure there is effective finance input to support strategic planning and option appraisals
- Evaluate partnership risks in supporting partnership working
- Provide effective management of the County Council's pension scheme
- Provide training on a range of financial issues across the Council and with partners
Accountancy
Accountancy team provides support to front line Council services through a mixture of technical, operational and professional advice. This supports services to effectively manage budgets, make effective decisions, develop strategic and operational change projects and ensure financial systems and accounting information is robust and effective. It provides the following functions in helping the Council to deliver high quality services
Prepare and monitor revenue budgets
Produce financial statements including the annual Statement of Accounts
Strategic planning involving preparation of the medium term financial plan and annual revenue and capital budget
In year monitoring of the capital programme
Technical financial advice on projects and programmes across the Council
Maintain, renew and control the Council's financial systems
Manage and monitor the Council's main control, suspense and bank accounts
Manage the Council's VAT responsibilities, including liaison with Customs and Excise and provision of tax advice and training for all services
Provide training on a range of financial issues across the Council and with partners
Paul Turney is the Interim Senior Manager - Accountancy (Deputy s151 Officer)
Telephone - 01228 221514
Internal Audit
Internal audit provides the council with independent assurance over its arrangements for governance, risk management and internal control. The programme of internal audit work is set out within an annual risk-based internal audit plan which is approved and monitored by the Audit and Assurance Committee. The purpose of internal audit's work is to provide an annual opinion to senior management and elected Members over the areas considered to be of highest risk to the Council.
Internal audit adds value by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of governance, risk management and internal control processes.
Richard McGahon is the Group Audit Manager
Telephone - 01228 226261
Technical Finance
Technical finance provides support to front-line Council services through a mixture of strategic, professional and technical advice alongside the delivery of operational accounting and finance services.
Technical Finance provides the following functions in helping the Council to deliver high quality services:-
- Strategic planning involving preparation of the treasury management strategy
- In year monitoring of the treasury management function
- Insurance services
- Management of the Cumbrian Local Government Pension Scheme (net assets of over £1.4 billion)
- Treasury and banking services
Alison Clark is the Senior Manager - Pensions and Financial Services
Telephone: 01228 226272
The above functions are overseen by Julie Crellin (Director Finance), Section 151 Officer.
Contact address: Cumbria House, 107-117 Botchergate, Carlisle, CA1 1RZ.
Telephone: 01228 606060