“We see an excellent finance team as one that does more than meet expectations but works across an organisation to lead on delivering complex, cross-cutting initiatives,” said London Borough of Redbridge in its award-winning entry for Finance Team of the Year: Public and Voluntary Sector. The judges enthusiastically agreed with this viewpoint, unanimously giving Redbridge the nod ahead of its rivals.
One of the highlights of its performance this year was delivering budget savings of £8.75m, ensuring that council tax in Redbridge did not increase in 2010/11. A Use of Resources assessment by the Audit Commission recently placed the council in the top ten nationwide.
The team also undertook a major project to improve financial management in schools and dedicated itself to making financial information accessible and easy to understand, so that residents are able to comment on how they wish to pay for services.
One judge said that it was “a cracking entry, demonstrating just how well a team can pull together”.
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Head of editorial Kevin Reed discusses this week's important accountancy news, including Brexit and audit market evolution