Responding to COVID-19: insight, support and guidance

Introduction to budgeting

Event

Event summary

This introductory course provides a fundamental basis for understanding budgeting. You will learn how to set, monitor and report on local service budgets, as well as how to identify and understand variances within your budget and how to provide more meaningful forecasts and monitoring information.

Date

12 October 2022
Starts: 09:45
Ends: 16:00

Standard price

£345.00 excl VAT

Network Member Price

£295.00 excl VAT

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About this event

Who should attend?

The programme is aimed primarily at local authority budget holders and non-finance managers who have responsibility for the setting, forecasting, monitoring and reporting of local service budgets. It is an ideal introduction for someone new to managing budgets or new to the sector.

It would also be useful to finance support staff who are new to the role of supporting budget holders with the provision of forecasting information, and to more experienced non-financial budget holders as a refresher.

How will you benefit from attending?

You will gain:

  • a better understanding of budgetary control, variance analysis, ongoing budget monitoring and financial reporting
  • an awareness of how to link budgets to service plans, how to identify and estimate future income and expenditure levels and how to build savings targets into a budget
  • skills from practical examples of the different ways to build a budget, varying cost types, how to distinguish between net and gross income and expenditure and what to include and not to include in a budget
  • a greater knowledge of the different elements of their budgets and how to understand and interpret budgetary information

Topics

  • Accounting
  • / Financial management
  • / Local government
  • / Medium term planning
  • / Performance improvement and policy
  • / Professional development

Download programme schedule

PDF 94.54 KB

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Speaker - Jennifer Bevan, Finance Advisory Network Advisor, CIPFA

Jennifer Bevan

Jennifer joined CIPFA in 2022 after working for seven years in local government. She is a CIPFA-qualified accountant who, for the past five years, has been working at Bury Metropolitan Council where she started as a revenue advisor in Public Health and Adult Social Care. From there she joined the authority's closedown and capital teams, with a particular focus on fixed assets and closure of capital accounts.

Her experience also includes working on a number of special projects including transformation, levelling up and land and property disposals scheme. As a CIPFA member, Jennifer is also an active volunteer within the CIPFA North West Region.