We have developed financial and governance training to give Victorian councillors the knowledge they need to actively contribute to discussion on financial matters, and the confidence to do so. After completing this training, councillors will be able to fully understand the reports management provide to them, and fulfil their role to oversee financial accountability.
You will learn everything you need to fulfil your financial management responsibilities under the Local Government Act 2020 (VIC); and to contribute to the sound financial management of your council.
This course has been designed for elected councillors that do not have an accounting background. We’ll cover all the fundamental topics that will help you to understand what it is you are reviewing in your business papers:
- The components of Financial Statements
- How to conduct a high level review of Annual Financial Statements
- Issues to look out for in Financial Statements
- Introduction to Depreciation
All our case studies are from real councils and are designed to be fun and engaging. We’ll look at some of the red flags that were missed at Central Coast, and give you the confidence to know that you understand what you’re approving, and to question the things you are not comfortable with.
Reviewing Council Financial Statements
Thursday 29th of June 2023 10:00am to 12:00pm
Tuesday 4th of July 2023 10:00am to 12:00pm
Monday 10th of July 2023 10:00am to 12:00pm
Cost: $550
This course has been designed for elected councillors that do not have an accounting background. We’ll cover all the fundamental topics that will help you to understand what it is you are reviewing in your business papers:
- Depreciation of Infrastructure Assets
- Infrastructure maintenance: Getting the basics right
- Performance ratios: what they mean and what they mask
The course will be conducted with your own council’s Financial Statements and Report on Infrastructure Assets. We’ll review the reports to get a sense of what your council’s infrastructure backlog is, and how you might go about addressing it.
This module will count toward your Continuing Professional Development requirements under Part 8A of the NSW Local Government Regulations 2021.
Reviewing Council Financial Performance: Infrastructure Management
Wednesday 5th of July 2023 10:00am to 12:00pm
Tuesday 11th of July 2023 10:00am to 12:00pm
Cost: $550
