Understanding Financial Reports and Budgets (eLearning)

Overview

Elected Members encounter ongoing pressure to be fully across their Council’s financial decisions and responsibilities.
More often than not Elected Members will be urged to reduce rates, while keeping services to a high level and at the same time keep the spending down!

This unit aims to provide practical understanding on how to review and interpret financial reports and budgets, as well as monitor revenue and expenditure. 

Course material will outline the linkage between Strategic Planning, Asset Management Planning and Long Term Financial Planning.
 
You will be able to understand and discuss the benefits of undertaking financial forecasting and see how the impacts of key decision making may have on the organisation’s financial health.

Target Audience

Targeted at both newly elected and returning Elected Members.
Increase your knowledge of financial reports and budgets and gain a greater appreciation of this important aspect of your governance role.

Learning Outcomes

  • Understand basic accounting principles and concepts;
  • The roles and responsibilities of Council, Councillors, the CEO and audit committee;
  • Financial management and the strategic linkages;
  • The imposition of rates;
  • Annual budgets; and financial management reporting.

Duration

Self-paced (approx. 3 hours online).

Dates

Enrol anytime (3 months to complete upon date of enrolment).

Course Fees

  • eLearning - $195.00 (Incl GST)
  • Unlimited participants for 12 months via an eLearning Subscription - Contact us for a quote.
  • Additional fees apply for assessment. See the  Student Handbook for more information.