Effective Budgeting for State and Local Government
Details
This Effective Budgeting for State and Local Government training course will empower you to identify the ways in which funding levels of any program can be decided based on the expected returns from the entire project.
COURSE OBJECTIVES
- Appreciate the importance of effective financial planning and public sector funds management
- Gain a fresh perspective of performance management and improving efficiency
- Learn the concept of performance-based budgets
- Comprehend principles of implementation of Performance Based Budgeting - PBB
- Set targets and Key Performance Indicators
- Recognise various types of budgets
- Understand components of the budget
- Align the planning process with the overall strategic plan and fiscal policy
- Learn to analyse financial results
Outline
COURSE OUTLINE
Introduction to Public Sector Finance
- Principles of Public Sector Financial Management
- Budget Cycle
- Fiscal Policy
- Revenue Management
Types of Budgets
- Line-Item Budget
- Programme Budget
- Performance-based Budget
- Zero based Budget
Setting Key Performance Indicators
- Setting Key Objectives
- Alignment with Current Budgeting Cycle
- Developing Guidelines for Agencies
- Budget Monitoring using a defined matrix
Financial and Non-financial Reporting
- Public Sector Financial Accounts
- Components of Financial Statements
- IPSAS Reporting Requirements
- Reports on Key performance Indicators
Development / Capital Expenditure Decisions
- Investment Appraisal Techniques
- Principles of Discounted Cash flow Analysis
- Outsourcing Services: Objectives and Decision Criteria
- Public- Private Partnership
Best Practices of Performance Based Budgeting
- Reflects Interests of Key Stakeholders
- Aligns Expenditure with the Strategic Goals
- Incorporates Flexibility
- Investment in Human Resources
- Facilitates Systematic Oversight
- Complements Spending Reviews
- Encourages Performance- oriented Behaviour
Special Offer
Register 5 participants on the same course on the same dates at the cost of 4 participants.
Applicable to all open courses
Schedules
| Tue, Wed, Thu, Fri |
| No. of Days: | 4 |
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Our approach is to address the context for behaviour and to help individuals and the organisation establish and sustain a culture of trust and commitment. This has been repeatedly shown as the most effective and sustainable way of improving motivation, performance and productivity.
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