Financial Management

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FINANCIAL MANAGEMENT – “The Public Purse”

This course is worth 3 CPD points



Lost count of the amount of regulations and acts which have poured down on us in the last ten years affecting the way we undertake financial management ...

  • Neatly bound up in the Practitioners Guide 2008 (England) “Governance and Accountability for Local Councils”
  • One day course explains and illustrates all that you need to know about public accountability and proper financial practices
  • An essential course for new Clerks and their Deputies expenditure levels under £200,000 p.a. and for Clerks who may just want some refreshment in the subject!

 

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 Date
 Course Code  Location
 Duration  Members Price  Non-Members Price
 Monday 5th July  10/PP01

 Huntingdon Marriott Hotel
Kingfisher Way, Hinchingbrooke Business Park
Huntingdon, PE29 6FL

  Full day  £95  £120



The Topics

The public accountability framework


The end of year statement of accounts – receipts and payments or income and expenditure. Bank reconciliation and detailing variances.

The annual governance statement and risk management – the eight statements of assurance. An explanation of the risk assessment (the fifth statement)

The external auditor’s certificate and opinion

The annual internal audit report. The system of internal control and its review. The role of the internal auditor and consideration of their written report

Responsibilities of the RFO. Control systems. Making payments and dealing with receipts. Debt monitoring arrangements. Petty Cash. Deduction of PAYE / NIC

The budget as a vital tool for all councils. The budget process and as a framework for a year’s financial management.

The cash book and bank reconciliation

Asset control – the asset register

Investments and the need for an Annual Investment Strategy

The audit and public scrutiny

TALK THROUGH AND DO

USEFUL HANDOUTS

OPPORTUNITY TO BUY THE PRACTITIONER’S GUIDE (2008)

NETWORKING

 

What past delegates have said...

“Very informative session, many thanks”, Susan Brooks,  Grappenhall and Thelwell PC

“Overall a good course and very satisfied”, J Richards, Grapenhall and Thelwall Parich Council

“ I attended the course in an effort to extend my knowledge of the financial management within the council. As a Parish Councillor I feel I now have a clearer understanding”, Cllr Bert Proctor,  Audley Rural Parish Council

“Discussions and exercises very good”, John Blount Stone By Chartley Parish Council