Financial management in the Home Office
Financial management in the Home Office

Author: Great Britain: National Audit Office

Publisher: The Stationery Office

Published: 2012-04-26

Total Pages: 40

ISBN-13: 9780102975512

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The Home Office has made good progress in improving its financial management since 2009 when the National Audit Office last evaluated its financial capability. However, while financial control is good, the Home Office could do more to integrate its financial and operational planning and thereby understand better the link between resources and performance. In addition, many of the strengths which the Department demonstrates in its core business are much less apparent in its 'change programmes'. The Department is starting to benefit from its new governance structures but there still challenges. The Department has clear plans to reduce costs in its core activities but business areas have not fully considered efficiency and effectiveness when evaluating where cuts should be made. The Department will need to achieve further savings of £1.1 billion a year by 2014-15 but a third of this sum remains uncertain. Reductions in funding from the Home Office mean that police forces must make savings worth around £1.5 billion by 2014-15 through efficiency improvements; but, in 2011, around two-thirds of forces had shortfalls in their cost reduction plans, amounting to £500 million in total. The Department will shortly be in a position to confirm how far this savings gap has been covered in the plans. There are risks to the successful delivery of the Department's change programmes, specifically in respect of the development of the National Crime Agency (NCA) and Disclosure and Barring Service (DBS) and the phasing out of the National Policing Improvement Agency (NPIA)

Standards for Internal Control in the Federal Government
Standards for Internal Control in the Federal Government

Author: United States Government Accountability Office

Publisher: Lulu.com

Published: 2019-03-24

Total Pages: 88

ISBN-13: 0359541828

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Policymakers and program managers are continually seeking ways to improve accountability in achieving an entity's mission. A key factor in improving accountability in achieving an entity's mission is to implement an effective internal control system. An effective internal control system helps an entity adapt to shifting environments, evolving demands, changing risks, and new priorities. As programs change and entities strive to improve operational processes and implement new technology, management continually evaluates its internal control system so that it is effective and updated when necessary. Section 3512 (c) and (d) of Title 31 of the United States Code (commonly known as the Federal Managers? Financial Integrity Act (FMFIA)) requires the Comptroller General to issue standards for internal control in the federal government.

Home Office: Financial Management Code of Practice for the Police Forces of England and Wales
Home Office: Financial Management Code of Practice for the Police Forces of England and Wales

Author: Great Britain: Home Office

Publisher: The Stationery Office

Published: 2013-10-22

Total Pages: 36

ISBN-13: 9780108560033

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This Financial Management Code of Practice (FMCP) provides clarity around the financial governance arrangements within the police service in England and Wales, and reflects the fact that the police service has a key statutory duty to secure value for money in the use of public funds. It provides high level guidance to help ensure effective and constructive relationships in all financial matters. The FMCP sets the tone while promoting flexibility and avoiding overt prescription so that the detail of arrangements can be worked out locally. The Code applies to the discharge of functions by all Police and Crime Commissioners in England and Wales and to every Chief Constable of a police force maintained by a PCC (including, unless specifically stated, the Commissioner of the Metropolitan Police, but excluding the Commissioner of the City of London Police). Sections cover: background; context; roles and responsibilities; schemes of consent; financial regulations and standing orders on contracts; accounting; strategic and financial planning; financial management; treasury management; corporate governance; value for money; transparency, collaboration and partnerships. Effective from 1 November 2013 when it replaces the previous edition (2012, ISBN 9780108511332).

Financial Management for Nonprofit Organizations
Financial Management for Nonprofit Organizations

Author: John Zietlow

Publisher: John Wiley & Sons

Published: 2011-02-15

Total Pages: 719

ISBN-13: 1118046277

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Indispensable for all types and sizes of nonprofit organizations, this important book imparts a clear sense of the technical expertise and proficiency needed as a nonprofit financial officer and includes real-world case studies, checklists, tables, and sample policies to clarify and explain financial concepts.

Financial Management in Human Services
Financial Management in Human Services

Author: Marvin D Feit

Publisher: Routledge

Published: 2013-10-08

Total Pages: 190

ISBN-13: 1135410135

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Rather than treating financial management as an independent administrative practice, Financial Management in Human Services provides students and social service administrators with a conceptual framework in which financial management is the major responsibility of an administration, not just a separate practice. This text describes how the integration of administrative practice with fiscal responsibility and accountability will help you plan better programs, account for all fiscal transactions, and coordinate and evaluate services more effectively. Containing many different approaches on how to determine costs, obtain information, and collect data, this text will help you clearly evaluate your organization’s progress and determine if your program goals are being reached. Financial Management in Human Services also discusses other topics related to efficient management, including: applying financial management techniques to the areas of program planning, service monitoring, estimating service and unit costs, and setting future service priorities in order to make better business decisions utilizing the information generated from the Financial Management System (FMS) to improve administrative functions, such as forecasting and goal determination, activity flow and service provision monitoring, and service planning according to program policy examining the importance of the four administrative subsystems-- budgeting and accounting, service coordination, program planning, and program evaluation choosing a FMS with consideration to certain factors, such as availability of information and identifying informational needs of the administration listing of reactive and proactive types of financial reports that help administrators evaluate the costs of services provided and identify problems in balancing the fiscal budget using methods such as a line item analysis to accurately compute the costs of staff involvement in a program This organized, straightforward text will help you evaluate all costs-- from salaries, travel time, and office supplies to direct costs to make your office more organized and productive. Complete with questions and answers about starting and maintaining a FMS, Financial Management in Human Services will enable you to manage finances more efficiently, making it easier for you to reach and set goals that better serve your clients.

Corporate Financial Management
Corporate Financial Management

Author: Glen Arnold

Publisher: Pearson Education

Published: 2008

Total Pages: 1156

ISBN-13: 9780273710417

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Go undercover and explore how finance theory works in practice with Corporate Financial Management, fourth edition. Find out how financial decisions are made within a firm, how projects are appraised to make investment decisions, how to evaluate risk and return, where to raise finance from and how, ultimately, to create value.

Financial Management for Human Service Administrators
Financial Management for Human Service Administrators

Author: Lawrence L. Martin

Publisher: Waveland Press

Published: 2021-04-05

Total Pages: 204

ISBN-13: 1478647116

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The second edition of Martin’s practical text continues to provide a solid grounding of financial management for human services and social work students and professionals, while maintaining a concise and approachable style. Starting with a foundation of the basics of financial management, a comprehensive overview includes topics such as budgeting systems; financial accounting and the interpretation and analysis of financial statements; performance measures; forecasting of revenues, expenses, and caseloads; fee setting; government contracts and grants; fund development; risk management; and auditing. Readers apply the concepts, principles, and tools introduced in each chapter through case studies and exercises that encourage mastery of the content in real-world situations.

Financial management in the Home Office
Financial management in the Home Office

Author: Great Britain: Parliament: House of Commons: Committee of Public Accounts

Publisher: Stationery Office

Published: 2009-10-27

Total Pages: 36

ISBN-13: 9780215541406

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The Home Office (the Department) has made significant improvements to its financial management capacity, capability, processes and procedures over the past three years. Its policy responsibilities have been rationalised and it responded well to a weak Capability Review assessment in 2006. The Department has strengthened its financial management by recruiting capable professionally qualified accounting staff and deploying them in key finance roles throughout its business units. Over 70 per cent of the Department's gross budget of £11.8 billion is paid out as grants to partner organisations, notably police authorities. The department has responsibility for paying these grants but accountability for performance and value for money rests with local police authorities. To strengthen accountability, the Department is expanding HM Inspectorate of Constabulary's role and moving to a single national target to increase public confidence in the police. This is a bold step and only time will tell if it results in greater accountability. To drive financial skills into its core business, the Department must go beyond its commitment to press on with its programme of continuous improvement and to refresh its financial improvement strategy. Only by putting in place sound financial management in all business units and raising the level of financial awareness of its staff can the Department truly embed the skills it needs to manage its business well and respond effectively to changes in its business environment.