LSVT Health Check Service
Sector has developed a Large Scale Voluntary Transfer (LSVT) service, offering specialist advice to Local Authorities in ensuring their financial position is in the best shape at the point of transfer
and beyond.
The Government has challenged Authorities that still own and manage council housing to show how they will make sure every home that they own reaches the decent homes standard. If LSVT has been selected as the method to meet this objective then you can be sure that following transfer, sufficient resources remain for the Authority to meet its non-housing services.
The service includes:
- Calculation of the current General Fund and HRA debt position
- Forecasts of future capital financing requirements
- Balance Sheet Review
- Analysis of revenue implications of a full stock transfer
- Calculation of overhanging debt position
- Negotiation of the dowry, where relevant
- Accounting regulations/revenue resources
- Treatment of the pension fund deficit