This introductory covers local government finance in WALES ONLY.
Every elected councillor is responsible for ensuring that their council has effective financial governance, yet local government finance is viewed by many as difficult to get to grips with. These online training sessions are designed to provide elected councillors with a thorough grounding in the key elements of local government finance and funding. Officers new to or who need to understand local government finance will also benefit from attending.
This introductory session explains the basics. No previous experience is required. All jargon explained.
By the end of the session, participants will:
- Understand the importance of good financial governance and the key role and responsibilities played by elected councillors.
- Understand the overall national legal and policy framework affecting council finance and budgets.
- Understand key concepts and terminology, such as capital and revenue, general fund and the Housing Revenue Account (HRA), reserves and balances.
- Understand how local councils receive their funding.