Finance and Budgeting for Councillors

Summary
This 2.5hour session is designed for Councillors to give them an understanding of their duties regarding the council's finances and budgetary process.

Topics include roles and responsibilities, setting a budget and precept, financial controls and the Annual Audit process.

Suitable Audience
This session is for Councillors only.

Benefits

By the end of the session you will:

• Have an understanding of the council's duties regarding financial management;
• Be aware of relevant legislation and sources of guidance;
• Know how the council's accounts are prepared and audited;
• Understand the difference between parish budgets and those of companies;
• Know how to get the message across to electors about what the council does with the money;
• Recognise the importance of internal controls