William Eichler 11 October 2019

New financial management code launched

New financial management code launched image

A new Financial Management Code has been launched to drive improvement in financial management for councils across the UK.

The code, drawn up by the Chartered Institute of Public Finance and Accountancy (CIPFA), brings together many areas of local government financial management into one place.

The code is based on a set of standards and principles, including organisational leadership, transparency, assurance and sustainability.

Written after ‘extensive engagement’ with senior leaders in public finance, its aim is to place financial management at the heart of policy and decision making in local government.

‘The development of the FM Code has been a massive collaborative undertaking,’ said CIPFA CEO Rob Whiteman.

‘CIPFA is hugely grateful to all the professionals who have supported the creation of guidance that the sector as a whole can get behind.

‘Our ambition is to embed good financial management as an organisational responsibility.

‘It is vital that, as a sector, we break down historically siloed ways of working and move towards a sense of collective responsibility when it comes to finance.’

Gareth Davies, comptroller & auditor general at the National Audit Office, welcomed the new code saying it would ‘help local bodies improve their standards of financial management and cope with the financial challenges they are facing.’

Fiona Kordiak, director of Audit Services at Audit Scotland, commented: ‘Consideration of financial management and financial sustainability is at the heart of Scottish public sector audit.

‘The new code is an excellent resource to support improvement and will help both local authorities and auditors alike.’

Rob Whiteman says the code will provide consistent standards for the sector, rooted in transparency.

Highways jobs

Senior Manager – Older Adults – Residential Care

Cumbria County Council
£68,709 - £71,218
This pivotal role requires leadership and management of the Council's twenty in house Residential Care services Carlisle, Cumbria
Recuriter: Cumbria County Council

Education, Health and Care (EHC) Co-ordinators

Buckinghamshire Council
£30,874 - £37,188 per annum
Interested in a career as an EHC Coordinator? Come along to our drop-in event to meet members of the SEND team and find out more about the role! England, Buckinghamshire, Aylesbury
Recuriter: Buckinghamshire Council


Essex County Council
£30000 - £35350 per annum
This opportunity is on a 12-month, fixed term basis. Working hours are Monday to Friday, 37 hours per week. Our Data & Analytics service is evolving, England, Essex, Chelmsford
Recuriter: Essex County Council

FM Performance Administrator

London Borough of Richmond upon Thames and London Borough of Wandsworth
¡£27,690 to £33,554 per annum
Looking for an experienced and professional Facilities Performance Administrator with a proven track record for... London (Greater)
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Team Manager - Special Guardianship Order Support

Essex County Council
In ECC we are "Serious about Social Work". Having recently won the Best Social Work Employer of the Year Award 2018 and been awarded 'Outstanding' by England, Essex, Chelmsford
Recuriter: Essex County Council

Local Government News

Latest issue - Local Goverrnemnt News

This issue of Local Government News explores how councils can tackle modern slavery and trafficking in their supply chains, finds out more about Cambridge's first cohousing scheme and the launch of a new project to build a shared service pattern library for local government.

This issue also contains a special focus on children's services and how councils are protecting children following local safeguarding children boards being abolished.

Register for your free magazine