Executive post

Cabinet Member for Finance

Description

This councillor is responsible for oversight of the council’s strategic financial management. This includes setting a balanced budget and monitoring the delivery of the capital investment programme.

 

The council faces significant financial pressure over the next few years as a result of central government funding cuts. This councillor is responsible for ensuring the council’s financial strategy can meet reforms to local government finance, including business rates reform. They will also lead on the ambitious capital investment strategy, ensuring investment supports the delivery of the key outcomes identified in the Borough Plan, and on generating new income through investment, opportunity asset sites and adopting a corporate commercial framework or trading approach where appropriate.

 

This councillor leads on the council’s commitments as a London Living Wage Employer, including encouraging all Lambeth businesses to pay the Living Wage and our work with local Business Improvement Districts to promote Living Wage Zones.

 

Responsible for:

 

·         The council's financial strategy, including budget setting, budget monitoring, financial policy and performance.

·         Revenue collection, business rates, council tax and benefits and Council Tax Support (CTS) underpinned by the council’s Income and Debt Strategy.

·         Generating new income through investment, opportunity asset sites and adopting a corporate commercial framework or trading approach where appropriate.

·         Capital investment programme, property management and asset strategies

·         The council’s commitments as a London Living Wage employer.

·         Ensuring the council’s commissioning and procurement strategies provides social value through all of its activity and contracts.

·         Responsible for oversight of the council’s strategic financial management. This includes setting a balanced budget and monitoring the delivery of the capital investment programme.

·         The Council’s Pension Fund.

Post is held by