WALGA eLearning Showcase

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.

• Topic 1: Introduction
  
• Topic 2: Strategic Decision Making Processes 
• Topic 3: Financial Concepts
• Topic 4: Budgets
• Topic 5: Monthly Reports
• Topic 6: Annual Reporting