Supporting Capital Strategy and Decision Making
In partnership with Pixel Financial
“political aspirations and commitments -vs- the vagaries and reality of day-to-day local government”
“essential -vs- discretionary service delivery” “one-off capital cost -vs- ongoing revenue spend”
“prudential borrowing -vs- internal resource allocation” ”adding value to our customers”
… these are some of the daily imponderables that Chief Financial Officers have to deal with when determining effective capital resource allocation and project prioritisation.
Public Sector Consultants, in partnership with Pixel Financial Consulting, can offer to local government a tried-and-tested approach that will help you develop a robust capital strategy that will aid capital decision making. The strategy will address and balance the fundamental issues of:
- Revenue: will the revenue burden be affordable for the council?
- Capital: how can capital resourcing be maximised and applied to optimum affect?
- Debt: will the debt burden be sustainable over the medium term?
- Capacity: what size and complexity of capital programme is the council capable of delivering?
The approach that would be followed to assist in balancing these strategic constraints would include:
- Capital benchmarking: peer council comparison to provide depth and context to capital financing, spending and ongoing revenue costs.
- Capital resource utilisation: comprehensive review of internal and external capital availability and resource improvement strategies.
- Debt: root-and-branch review of long and short-term balance sheet liabilities, including the Capital Financing Requirement to optimise debt support over the medium term.
- Capacity: review of capital programme stress indicators and staffing support to ensure effective capital programme delivery
- Risk: the development of a capital risk programme that will balance risk drivers but reflects the most effective approaches to capital programme management and project appraisal.
The benefits of our services are:
- We combine a comprehensive knowledge of local government services with proven financial techniques and abilities.
- You don’t have to “re-invent the wheel”: we have a tried-and-tested approach.
- Our approach combines detailed and specific proposals with wide-ranging and radical programmes.
- You keep total control and flexibility over the level of our involvement and you will retain full ownership.
- The budget can be agreed so that there are no hidden costs.