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 course 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

Suitable for both newly elected and returning Elected Members who would like to refresh their knowledge and understanding of their role within Local Government

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; and
  • 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 - $214.50 incl. GST
  • Unlimited participants for 12 months via an eLearning Subscription - Contact us for a quote.

DISCLAIMER
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.