Finance and budgeting for library and information services

"The shared experiences and tool kit provided by the trainers, has given me increased confidence to construct a solid budget (with built in risk assessment) and recognise how to structure and pitch a budget to the right person"

"Well taught and very relevant. The trainers were excellent. I appreciated the range of good advice and techniques from two very experienced professionals."

introduction:

Library and information managers are increasingly expected to manage complex financial resources; to develop and interpret budgets and financial statements; to make a case for financial resources and also to negotiate value-for-money contracts with their suppliers.

This intensive one day workshop recognises that many people are anxious about managing their budgets. The day will be very practical and participants will be supported to carry out a range of exercises including understanding and interpreting financial statements, using financial information for decision making and planning, and making a case for financial resources.

outcomes:

• To feel more confident in understanding, interpreting and presenting financial information
• To gain experience in developing and controlling budgets
• To be able to communicate more effectively with Finance departments and personnel
• To develop services with a sound financial basis
• To make decisions based on financial and other information
• To exchange ideas and experience in a supportive environment

programme:

• Financial fundamentals
• The language of finance, understanding the jargon
• Basic elements of managing finance
• Group exercise, discussion and ascertaining the participants' agenda
• Financial management
• The role of financial planning in maintaining effective library and information services
• Financial cycles and timescales; planning services and budgets
• Incorporating financial matters in decision making
• Managing budgets 1 – Practical work on
• Compiling and managing a budget
• Sources of financial information
• Monitoring and controlling expenditure
• Getting to grips with financial reports and statements
• Managing budgets 2 – Practical work on
• Making and presenting a case for financial resources
• Identifying costs and benefits, cost impact analysis
• Financial decision making toolkit: A round up of tools and technique
• Small change - for example ....
• On the spot: dealing with difficulties
• Managing suppliers, income generation and other important financial topics
• Action planning and end of the workshop

speaker:

Keith Bonson , Consultant, Hudson Rivers
Beryl Morris , Founder, Hudson Rivers

teaching style:

Workshop / case studies / group work / hands on

who should attend?

This workshop is for those with responsibility for managing their own budgets, but who have received little financial skills training and who want to increase their confidence in this topic.

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