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SUMMARY:Building financial resilience in public services - Webinar
DESCRIPTION:About the webinar \nThe aim of this webinar is to share new approaches to building financial resilience (including examples of good practice) and identify the key barriers and how to overcome them.  \nWith the ever changing public service landscape in Wales\, organisations need to put greater emphasis on flexibility\, adaptability and a long-term perspective in their financial management. This means being responsive\, robust and resilient. \nMost public sector organisations manage their finances proficiently and have become lean. However\, with significant funding gaps forecast in future years\, how can they continue to be financially resilient? \nA plan is needed! \nWe recently published a report: Savings planning in councils in Wales which focused on the development\, delivery and monitoring of savings plans in councils in Wales. Overall we concluded that medium term financial planning is generally effective\, but short comings in savings planning present a risk that some councils will not achieve the savings they need to make. \nA well-considered Medium Term Financial Plan (MTFP) is a critical process that supports an organisation’s resilience and financial sustainability. The MTFP may be put together by the Finance Team\, but must be owned by the decision makers and those that deliver services. \nWho the webinar is for  \n This webinar is aimed at the following public sector members\, officers; including: \n\nHeads of Service\nService/operational Managers for major operational delivery\nBudget holders\nSection 151 Officers & Finance Managers\nCabinet Members with budget and planning as part of their portfolio.\n\nFind out more and book a place online via the Audit Wales website
URL:https://c3sc.org.uk/event-single/building-financial-resilience-in-public-services-webinar/
CATEGORIES:Training
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