Managing Finances in Local Authorities

This course looks at the important role of budget managers within Local Authorities. It is aimed at anyone who has responsibility for a budget and gives advice and best practice guidance on how to manage public money properly, and achieve best value for the taxpayer.

The course delivers an understanding of local authority funding, how budgets are managed, the different types of expenditure a council might incur, how to recognise best value for money and the procedures you might use in a range of purchase scenarios.

On completion of this Virtual College course learners will be able to:

• List the sources of Local Authority funding
• Describe the mechanisms that your organisation uses to manage its budgets
• Differentiate the various types of expenditure that your organisation might incur
• Recognise the importance of achieving value for money and Best Value

Lesson Plan

Areas covered include:

• Welcome and learning outcomes
• Where does public money come from?
• What are the different types of expenditure?
• Where can I find advice and guidance?
• Managing public money properly
• Managing public money properly

Accreditation

The content of this Virtual College course has been independently certified as conforming to universally accepted Continuous Professional Development (CPD) guidelines

Certification

On completion of this course you will be able to download a Virtual College certificate.

Duration

Approximately 1 hour. The length of time taken depends entirely on how quickly you can study and absorb the material. You can proceed as quickly or slowly as you like, and there is no limit on how long you can take to do the course.

Target Audience

This course is for anyone who has responsibility for a budget and gives advice and best practice guidance on how to manage public money.

Entry Requirements

There are no specific entry requirements for this course.