FINANCE

Scaling the annual budget-setting challenge

Michael Hudson looks at the challenges of budget-setting and sets out his top tips for tackling them.

One of my favourite facts is that Alfred Wainwright was a borough treasurer (Kendal) and famous for his pictorial guides to the 214 Lake District fells. I recently visited the Lakes and started to think about what an amazing guide he left. That got me thinking what legacy are we treasurers leaving – maybe not a pictorial guide but top tips of how to scale the annual challenge of budget-setting.

First, you need to have the right kit, a map and know the conditions throughout the day. A capable finance team, with the capacity and data, is important, as is a leadership team and administration who really understand and sign up to the scale of the task.

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