Understanding Financial Reports and Budgets

Understanding Financial Reports and Budgets


Understanding Financial Reports and Budgets uses existing legislation as its basis to explore the way in which Local Governments are required to plan for the future, develop an annual budget and monitor, review and interpret financial reports.

The course outlines the linkage between Strategic Planning, Asset Management Planning and Long Term Financial planning so participants gain an understanding of the benefits of undertaking financial forecasting and the impacts key decision making may have on the organisation’s financial bottom line.

Target Audience

Suitable for Elected Members who would like to increase their knowledge and understanding of their role within Local Government.

Learning Outcomes

On completion of this program, participants should be able to understand:

  • basic accounting principles and concepts;
  • the roles and responsibilities of Council, Councillors and the CEO;
  • financial management and the strategic linkages;
  • annual budgets; and
  • financial management and reporting.


9:00am - 4:30pm (8:45am registration)


$515.00 (GST exempt)

Additional fees apply for assessment. See the  Student Handbook for more information.

Cancellations, transfers and substitutions
  • Requested must be received in writing via email, letter or fax.
  • Cancellations received within 5 working days of the start of the course will incur a 20% administration fee of the full course cost.
  • Non-attendance or cancellations recieved within 2 working days of the start of the course will incur the full course fee.
  • Participants can only transfer course dates once without incurring the full fee.
  • Substitutions can be made at any time and no fee will be incurred.

Relationship to Competency Standard

LGAGENE503 - Perform the role of an elected member


Nationally Accredited Training Part of the Diploma of Local Government (Elected Member) eLearning Course Elected Member Training
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