CME - Module 5: Understanding Financial Reports and Budgets

Overview

Elected Members encounter ongoing pressure to be fully across their Council’s financial decisions and responsibilities.

Often Elected Members will be urged to reduce rates, while keeping services to a high level and at the same time keep spending down!

This course provides a practical understanding on how to review and interpret financial reports and budgets, as well as monitor revenue and expenditure. You will gain an understanding and discuss the benefits of financial forecasting; and realise the impact that key decision making has on the organisation’s financial health.

Course material will outline the linkage between Strategic Planning, Asset Management Planning and Long Term Financial Planning.

Learn more about our eLearning version of this course

Target Audience

A necessary course for newly Elected Members.

Recommended for returning Elected Members to refresh and update their knowledge and understanding of financial reports and budgets within Local Government.

Learning Outcomes

• Understand basic accounting principles and concepts;
• Analyse the roles and responsibilities of Council, Elected Members, the CEO and Audit Committee;
• Apply strategic financial management; and
• Understand the imposition of rates, annual budgets and financial management reporting.

Course Transfer and Cancellation Policy

All transfer or cancellation requests must be made via our request form.

Please refer to the WALGA Terms and Conditions of Enrolment for further conditions including COVID-19, On-Site training and course cancellations. 

Upcoming Course Dates