Building financial resilience: managing financial stress in local authorities

Financial resilience describes the ability of local authorities to remain viable, stable and effective in the medium to long term in the face of pressures from growing demand, tightening funding and an increasingly complex and unpredictable financial environment. 

This CIPFA Insight looks at the four pillars of financial resilience – routine, benchmarking, having clear plans and reserves – and then considers the challenges facing those involved in an organisation’s financial management, good practice in making and managing plans and the routes to robust and effective reporting.