Understanding Financial Reports and Budgets (eLearning)


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.


Self-paced (approx. 3 hours online).


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.

Please note: This course will be available from the 1 st of November 2021 in line with our annual subscription cycle.
This is to ensure that the eLearning content captures all legislative and regulatory changes and allows WALGA Training to release the new product with little disruption to the learner.
Therefore all users enrolled in the old CME learning must complete their training prior to the 1 st of November.

It is the responsibility of the Local Government to ensure that Students who have been provided with IT hardware and software have the necessary basic skills to use the equipment provided to them, prior to enrolling into any WALGA Training online learning. This includes, but not limited to, eLearning, webinars, virtual classrooms and online assessments. WALGA Training cannot accept responsibility for Students that are unable to navigate web browsers or use software provided to them by the Local Government. Students that contact WALGA Training requesting this type of support will be referred back to the Local Government for training.