Finance Matters is a learning program that gives school leaders an understanding of financial management principles and responsibilities.
About the program
- provides essential professional development to school leaders and school administrators focussing on financial management best practice
- is offered to all school leaders and administrators including principal class, aspiring principal class, business managers, aspiring business managers and education support staff
- is delivered as seven half day workshops
- has no cost to participants or schools.
All school leaders and administrators can enrol into the program.
To enrol, see:
financial management programs (eduMail login required)
What does the program cover?
- overview of financial responsibilities
- internal control
- fraud prevention
- procurement and value for money
- asset management
- school council governance and segregation of duties.
Student Resource Package (SRP)
- framework of the SRP
- funding model
- policy and procedures
- reporting systems
- introduction to workforce planning issues and the SRP planner
- efficient and economic use of resources.
- workforce management
- planning and budgeting
- SRP planner
- typical school workforce planning issues
- school workforce plan creation
- modelling and budget considerations
- employment on-costs
- SRP management reports
- deficit management and support.
- accrual accounting concepts
- school council reports
- chart of accounts
- finance committee reports
- annual reporting.
- annual cash budgeting process
- emphasis on the need for a planned approach
- pre-budget preparation
- budget preparation
- recording the budget on CASES21 finance
- monitoring the budget
- variance analysis
- cash flow
- reporting and decision making.
- building and library funds.
- Insurance principles
Insurance arrangements : building re-instatement program / school equipment covergage scheme / VMIA School Council Insurance Program
- Insurance policies: property / motor vehicle / travel / personal accident / liability
For more information, see:
financial management learning programs