Managing Budgets

Managing Budgets
18th June 2009
Brunei Gallery, SOAS

This half day session will be run by Sally Faith, Head of Library Administration at the University of Sussex. After 18 years service in investment banking Sally ‘saw the light’ and moved into higher education 7 years ago. Responsible for the day-to-day oversight of the £4 million annual budget at Sussex, Sally has worked with her colleagues to implement budget management procedures that have resulted in successful delivery of budgets within 0.5% for the last few years.

The Managing Budgets course is aimed at those managers or senior supervisors who are new to budget management or who would like a better understanding of the processes involved.

This session will include a 1/2 hour briefing on finance in HE today – with specific emphasis on how recent economic changes and the National Budget are likely to impact on us over the next few years.

Building on the annual Library Finance Lecture that Sally delivers to Library and Archive students at University College London, the remainder of the session will concentrate on an introduction to basic elements of budget management such as:
what is meant by many of the financial terms used?
the importance of commitments
the value of costings

There will be a few brief hands-on exercises to help re-enforce some of the ideas discussed during the session.

This session is very much an introduction the managing budgets and will not provide a detailed explanation or guidance to the processes although there will be opportunity for questions and discussions to identify ways forward for those who are interested.

To reserve a space on this event either complete our online booking form at
http://www.cpd25.ac.uk/component/option,com_philaform/Itemid,98/form_id,2/
or email us directly at
cpd25@lse.ac.uk

Cost: £40 for CPD25 members, and £55 for other institutions.

Please note that there are limited places available for this event.

Cancellations less than one week before the event will be charged a 50% cancellation fee. In the event of a ‘no-show’ on the day, the full fee will be charged.