Every council prepares an annual budget report, regular monitoring reports and a set of financial statements for elected members and officers. These “big three” reports contain a wealth of information on the council’s finance. However, their length and complexity can make them daunting for elected members, particularly those without a financial background.
This workshop is designed to enable you to better engage with, and effectively question these “big three” documents. The overall objective of the session is to demystify the way the council plans, manages and reports its spending and income and to enable councillors to more effectively engage with council finances.
Delegates are encouraged to bring along copies of their council’s “big three” documents and they will have an opportunity to work through these during the workshop. Plenty of time will be provided for participants to ask questions.
By the end of the session participants will be able to:
- understand the role of the elected member in the council’s financial planning and management processes
- understand how to read and review their Council’s “big three” financial documents
- confront and overcome the barriers of jargon and technicality that make getting to grips with these documents so difficult.
|10.00-10:30||Registration & Refreshments|
|10:30-10:40||Welcome, Introductions and Objective Setting
|10:40-11:40||Workshop: Getting to grips with the Council’s Financial Plans
|11:50-12:50||Workshop: Getting to grips with the Council’s Budgetary Control
|13:35-13:50||The Role of the Annual Financial Statements
|13:50-14:50||Workshop: Your Council’s Annual Financial Statements
|14:50-15:00||Summing up, evaluation|