Regeneration Finance and Performance Monitoring

The Regeneration Finance Team provides a Key role within the service, helping with Northumberland County Council funding applications, contributing to the effective delivery and the processes involved from Inception to Closure.

What we do
Finance and Performance has the responsibility for: 
 
The Regeneration Finance Team provides a Key role within the service, helping with Northumberland County Council funding applications, contributing to the effective delivery and the processes involved from Inception to Closure.
 
For Example, we offer a range of services including:
 

• Acting as Accountable Body for the English side of the Borderlands Programme
• Applicants support to effectively claim grant funding awarded for a variety of projects both Council and Externally Funded
• Management and coordination of external funding claims and monitoring returns
• Working with a variety of funders following submission of claims to ensure all monies owed to the Council are successfully paid
• Processing of all Invoices for the service
• Effectively controlling and monitoring Budgets for the service projects and programmes
• Development of robust processes in line with funder requirements for all Externally Funded projects
• Collaboration with other service areas and external partners.
• Setting up, safekeeping and maintaining a main file for each project/ funding source. 
• Create and inform managers of appropriate coding within Financials for all external funding 
• Co-ordinating and monitoring the progress of all projects that are externally funded. 
• Payment of grants prudently (e.g. stage payments linked to work that has or will be undertaken) to ensure that no funds are put at risk in line with the grant/service level agreement. 
• Performing regular checks should be undertaken on a grant recipients’ performance in relation to a grant received, if paid through stage payments compliance with the grant conditions should be checked prior to the release of the next stage payment, otherwise it should be undertaken regularly at times in line with an agreed timetable.