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