Public fund is the money coming from the government, often through taxes, and also from fines and fees. This fund is used to help the public through goods and services, to financially support fire departments, the police, and Emergency Medical Technicians and to pay for the military and rescue organizations that help in the event of a disaster. The fund is also used to protect the country as a whole. So, all the countries focus on how to manage public money with public interest at the forefront.
This Public Funds Management training course is designed to provide participants with the techniques and knowledge on the way governments manage public funds, how the government spends money, or expenditure, and the impacts on the growth of the economy and the wellbeing of citizens.
This training course will highlight:
- The principles and rules contained in Managing Public Money
- The key requirement to operate under delegated authority
- The responsibilities of the government of Public Accounts.
- Value for money and feasibility.
- The governance statements.
- The roles of the National Audit Office
- Compliance with the requirements of Managing Public Money
COURSE OUTLINE
Overview of Managing Public Money
- What is public money? And its components.
- The importance of public money
- The major issues in managing public money
- Managing the risk of public funds
- The principles for managing public resources
Utilization of Public Funds
- What are the Utilisations of Public Funds?
- Requirements for use of public funds
- The major restrictions on the use of public funding
- Misuse of Public Fund
- Problems concerning the use of public funds
Government Accounts
- The categorization of government’s accounts
- Public Account
- Responsibilities of accounting officers
- Accounting officer assessments
- Dealing with other organizations
Governance and Management
- Conceptual Framework
- Records Management and Effective Financial Management
- Governance and responsibilities of board
- Internal Monitoring and Controls
- Value for Money Audit
Best Practices in Using Public Fund
- Sources of funding
- Cash management & Other financing techniques
- Public dividend capital
- Best practice for boards in central government departments
- Techniques to ensure efficient use of public funds
TARGET AUDIENCE:
This training course is suitable for those working in government departments, arm’s length bodies, and other entities such as public corporations who may also be required to comply with Managing Public fund guidance.
This course is open to all and will be useful to all the following
Mangers of public sectors, Non-executive board members, Senior managers, Auditors/Auditing Managers, Accounting Executive/Managers, Financial Reporting Managers, Financial Executives / Managers / Controllers/Directors, Budgeting Officers/Executives/Managers, Anyone with an interest in public finances, budget transparency and government accountability, including government officials, staff from development agencies and civil society organizations.
