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 services 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 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.