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Upcoming
21 Feb

Finance Matters

Build your technical capability in financial management and develop skills to effectively manage school finances.
Group of 4 adults sitting outside talking in pairs.
Next intake
21 Feb
Duration
Various
Location
Online
+ 9 more
Audience
Assistant principal
+ 3 more
Mode
Face to face
+ 1 more
Fees
Fully Subsidised
Upcoming
Finance Matters
On This page

    Develop the skills to effectively manage school finances. 

    Finance Matters focuses on building your technical capability in specific areas of financial management to support the best educational outcomes for your students. 

    Through a series of virtual workshops, you'll explore how to best manage financial obligations, make sound financial decisions and how to implement effective planning techniques to make your school more efficient.

    The workshops have been designed to address the needs of specific school contexts, including primary, secondary and small schools.


    Audience

    Designed for Victorian government school principals, assistant principals, business managers, aspiring business managers and school finance liaison officers (SFLO).


    Facilitators

    Designed and delivered by the Schools Finance and Resources Branch.


    Structure of program

    Finance Matters comprises a series of discrete virtual workshops that unpack key areas of financial management in a school environment. 

    Before attending a workshop, you may be asked to investigate or collate school data to ensure you can effectively engage in the learning content.

    Budget Development

    This session outlines the essentials of an effective annual budgeting process, including developing an annual cash budget cycle with consideration of anticipated revenue and expenditure, timelines, consultation, and the role of School Council.

    Budget Development and Financial Reporting 

    This is a full day session that combines the Budget Development and Financial Reporting modules. The session outlines the essentials of an effective annual budgeting process, including developing an annual cash budget cycle with consideration of anticipated revenue and expenditure, timelines, consultation and the role of School Council. The reporting session will provide an overview of the CASES21 key reports and the Student Resource Reporting package. Schools are encouraged to bring their own reports to gain a clearer understanding of the reporting process and identify key areas of concern. 

    Financial Reporting

    This session provides principals, assistant/aspiring principals, leading teachers, teachers, business managers and administrative staff with an overview of the CASES21 key reports and the Student Resource Reporting package.

    SFLO Budget Masterclass

    This masterclass will be made up of 4 online budget workshops, 1 session a week, spanning an 8-week period. You will learn how to complete your schools indicative cash budget in preparation for presentation to school council. This session is for new business managers and by invite only. 

    SFLO DE Budget Review

    This workshop provides an overview to assist schools in understanding the areas in the DE Annual Master Cash Budget Spreadsheet that may require adjusting, prior to schools finalising their Confirmed Cash Budget and presentation to school council.

    SFLO DE Budget Spreadsheet

    This session provides an overview of the DE Annual Master Cash Budget Spreadsheet for those that have not used the spreadsheet before or have limited experience and would like to have a clearer understanding of how to prepare and report the cash budget.

    SFLO Leave Replacement

    This session will discuss leave and leave replacement best practice and the processes required to record the information to make a reimbursement claim.

    SFLO New Business Manager

    Designed for new and aspiring business managers, this session will cover the various financial aspects of a school’s operation to improve understanding of the department’s policy, guidelines and recommended practice. During the workshop, information will be provided to participants about the many options for further training and support available through the Department to further their knowledge and skillset in this area. 

    SRP and Workforce Budgeting for Schools

    This session is designed to support schools with their SRP and Workforce Budgeting and related Planning throughout the year and will be run in 4 separate blocks, 1 each term. The expectation is that participants will enrol in 1 session per term.

    SRP and Workforce Budgeting for Special School Settings

    This session is designed to support special school settings with their SRP and Workforce Budgeting and related Planning throughout the year, being run as separate sessions with an expectation of enrolment in 1 session each term.

    Taxation - GST and FBT

    These sessions are designed to support schools to ensure they comply with all Commonwealth Taxation obligations. This includes mainly goods and services tax (GST) and fringe benefits tax (FBT), but also incorporates pay as you go (PAYG), fuel tax and more.

    Assets in Schools

    This session is designed to provide a clear understanding of the policy and guidelines around asset management in schools and how they should be recorded and reported.

    Finance Chatter

    Throughout 2024, the School Finance Liaison Officer team will be trialling a new professional development opportunity for principals, business managers and other school leaders to promote financial best practice in specific areas. Finance Chatter is a suite of individual financial sessions aimed at raising awareness of key policies and processes in schools. These short sessions have been designed to encourage conversations and allow participants the opportunity to ask questions and to seek clarification around these topics. 

    Finance Chatter structure 

    Transacting Parent Payments in CASES21 

    This session will develop participants’ understanding of key information needed to transact parent payments in CASES21. 

    School Council and Finance Sub Committee 

    This session will develop participants’ understanding of financial documentation associated with School Council and Finance Sub Committees. 

    Financial Policies 

    This session will develop participants’ understanding of how to maintain compliance with Financial Polices and Parent Payment Arrangements. 

    Camps and Excursion Planning and Budgeting 

    This session will develop participants’ understanding of the budgeting and reconciliation process for camps and excursions. 

    Fundraising and Trading Operations 

    This session will develop participants’ understanding of the financial requirements associated with fundraising activities and trading operations. 

    Hirers (Outsourcing Services), Insurances and Shared Arrangements 

    This session will develop participants’ understanding of the financial requirements associated with Insurances, Hirers and Shared Arrangements. 

    Initiatives, Equity, Targeted Initiatives, Targeted Reimbursement 

    This session will develop participants’ understanding of Equity, Targeted Initiatives, Targeted Reimbursement and CASES21 Initiatives. 

    CASES21 Creditor Best Practice 

    This session will develop participants’ understanding of the process of maintaining creditor details in CASES21 and processing creditor payments. 

    Financial Commitments/Funds held for future years 

    This session will develop participants’ understanding of the management of Financially Committed Funds and Funds Held for Future Years. 


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