It is against this backdrop that this exploratory study of annuality was undertaken. By interviewing a cross-section of budget-holders, financial controllers and consultants in public sector organisations it was possible to uncover some of the perceptions held on the benefits and pitfalls of annuality.
We find year-end is very problematic for us in some ways but, on the other hand, one of the advantages of annuality is that because we’ve got quite a bit of slippage out of the department this year where their expenditure has slipped, so we’ve been able to fund some things they wouldn’t give us money for.