Financial Administration

Service Overview

The Financial Administration Division falls within the Corporate Resources portfolio.

We are the in-house providers of specialist financial services to the Council and its staff.
We also offer a range of discretionary services in areas where we have the required expertise.
We have the necessary professional skills, qualifications and experience to provide quality service to the Council.
The service is delivered by 47 FTE staff and the annual gross revenue budget for the Division is £2.2 million.

The service is provided at Headquarters and comprises three Groups:

Treasury and Risk Management Group:

Payments and Pensions Group:

Corporate Procurement and Reprographics Group:

Aims and Objectives

The strategic aim of the Division is to contribute to the proper administration of the Council’s financial affairs and:

Reduce the Council's costs and risks.
Manage the Council’s investments and cash flow to the best advantage and generate income.
Protect the Council's corporate visual image and facilitate delivery of the Council's Communication Strategy.
Enhance the skills of our portfolio's work-force via a properly structured training and development plan.
Develop the Council's risk management strategies and procedures and provide an efficient claims handling service.

Short to medium-term plans for the Financial Administration are to:

Integrate payroll and personnel systems to enhance the effectiveness of procedures, reporting, budgeting and costing.
Offer new services that recognise developing customer needs, particularly in the field of document management, storage and distribution.
Complete our review of all investment strategies and management arrangements.
Deliver the Division's contribution to the e-Procurement project.
Subject services to best value reviews.
Increase the market penetration of Corporate Purchasing and Reprographics.
Develop the role of the Portfolio staff training and development Team.
Implement risk control improvements across the Council.