Simple terms explainer
Councils have a duty to manage finances properly. They must set up systems to handle money responsibly and make sure a designated officer is in charge of overseeing all financial matters. Funding must be used to meet legal obligations and deliver services based on local priorities.
Legal status
Statutory
Duty category
Finance
Duty type
Organisational
Social determinant of health
Economic stability
Emerging policy and legislation
0
Bodies with shared interest
Chartered Institute of Public Finance and Accountancy (CIPFA)
Standards and frameworks
2