This webinar is ideal for:

• New Town, Parish & Community Council Clerks & RFOs, or those wanting a refresher on the budgeting process.
• Other staff members and councillors wanting a deeper understanding of budgeting and forecasting.

For Town, Parish & Community Councils, the most important element of budgeting is the calculation of the precept, but this is not the only goal. Budgeting provides financial accountability for local authorities and serves as a vital tool for ongoing financial monitoring, future project planning, and sound decision-making.

Join Hannah Driver, Head Accountant at Scribe, for a deep dive into the budgeting process for local councils. This session will provide an introduction to the budgeting basics, including the process of forecasting, calculating the precept and the importance of monitoring the budget regularly.

You will discover:

• An Introduction to Budgeting: Its importance and the budgeting timetable.
• Different Budgeting Approaches: Incremental budgeting vs zero-based budget and when each would be most suitable.
• An Introduction to Forecasting: The process of forecasting and practical tips.
• Looking Ahead: Setting the budget for the next financial year and calculating the precept.
• Monitoring the Budget: The importance of monitoring the budget throughout the year and practical tips to streamline this process.