CIPFA FM MODEL

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CIPFA FM MODEL
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CIPFA FM Model -Agenda

• What is it?
• Benefits to us?
• How do we use it?

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CIPFA FM Model -What is it?

• Self assessment tool for public services
• used to assess
• the strengths and weaknesses of financial
  management
• how fm supports the organisations strategic goals
• Designed to assist organisational leaders not
  just the Finance Director

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CIPFA FM Model- What is it?

• Aims to
• Enable the leadership to set a strategic
  direction for financial management
• for strategic direction to be translated into
  operational priorities
• to deliver good governance
• to deliver sound finances
• to deliver a strong public service

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CIPFA FM Model -Benefits to us?

• CPA/Corporate Governance
• Best Value
• Gershon
• MTE
• Strategic Partnerships
• Best Practice

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CIPFA FM Model -How do we use it?

• CIPFA Model structured around three styles of
  financial management
• Securing Stewardship (the bedrock)
• Supporting performance
• Enabling transformation

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CIPFA FM Model -How do we use it?

• Securing Stewardship
• (the bedrock)
• Control
• Probity
• Meeting regulatory requirements
• Accountability

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CIPFA FM Model -How do we use it?

• Supporting Performance
• Responsive to Customers
• Efficient and effective
• Commitment to improving performance

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CIPFA FM Model -How do we use it?

• Enabling Transformation
• Strategic and Customer led
• Future orientated
• Proactive in managing change and risk
• Outcome focused
• Receptive to new ideas

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CIPFA FM Model -How do we use it?

• Management Dimensions
• leadership
• people
• processes
• stakeholders
• results

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CIPFA FM Model -How do we use it?

• Using the CIPFA FM Model
• Answer the questions linked to each statement
• Score each statement
• Evidence the score by adding comments and
  observations

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SECURING STEWARDSHIP QUESTIONS
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SUPPORTING PERFORMANCE QUESTIONS
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ENABLING TRANSFORMATION QUESTIONS
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CIPFA FM Model -How do we use it?

• RESULTS EXAMPLE
• Using the model indicates there is a strong
  finance department but weak engagement with
  business areas

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A CIPFA FM Model -How do we use it?

• ADDITIONAL FEATURES
• Downloading your scores to get a family
  comparison
• Year-on-year comparisons for tracking progress

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CIPFA FM Model

• QUESTIONS?