Isle of Wight Council

Financial Management

Also known as: Accounts, Audit, Budget, Charges, Treasury

Service Description: The Financial Management function provides a comprehensive range of financial and business support, services and advice to committees and directorates of the Council.

We provide strategic support to service areas to deliver the Council's key priorities through effective budget management, medium term financial planning and an affordable capital strategy.

We ensure compliance with external financial management and accounting standards including International Financial Reporting Standards. Treasury Management functions and Pension fund management requirements.

We also work with the Resident Information and Consultation team to deliver an effective budget consultation process for residents, staff, partners and other stakeholders.

The council's internal and external audit contracts are also managed from the team.