Introduction to Financial Planning
Event summary
This course will provide delegates with an insight into the current financial planning landscape and pressures that are causing concern for those involved in setting a balanced budget. It will examine how strategic planning together with a robust medium term financial plan (MTFP) can help to strengthen the budget setting process. We also explore the balance of responsibility for setting a balanced budget, considering the consequences for those authorities at risk of being unable to do so.
Date
15 May 2024
Starts: 09:45
Ends: 16:30
Location
Webinar
Standard price
£365.00 excl VAT
Network Member Price
£310.00 excl VAT
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About this event
Who should attend?
The programme is aimed primarily at local authority corporate finance staff who have an involvement in setting the budget for their authority.
It would also be useful to those who just want to gain a broader knowledge and awareness of the issues impacting on local authority budgets and how better financial planning can help to inform the decision making process.
How will I benefit from attending?
Attendees will benefit from:
- A better understanding of the external and political issues currently placing a strain on local authority budgets.
- An awareness of those statutory service areas which are causing cost pressures for local authorities and why managing these areas is key to financial sustainability.
- A look at how effective strategic planning can help provide the framework behind the medium-term financial plan and how this plan should be used to inform and support the organisations financial decision-making process.
- An understanding of the roles and responsibilities for setting a balanced budget and the steps that authorities must take if they are unable to do so.
- A look at how effective strategic planning can help provide the framework behind your medium-term financial plan and how this plan should be used to inform and support the organisations financial decision-making process.
- An understanding of financial resilience.
CPD hours
Five hours.
Topics
- Accounting
- / Financial management
- / Local government
- / Medium term planning
- / Risk management
Speaker - Jennifer Bevan, Finance Advisory Network Advisor, CIPFA
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.