One of the most critical roles in governance is to ensure your setting is on a sound financial footing for the short, medium and long term.  No matter how big or small your budget is, it is vital that all members of the management committee have a clear understanding of finances and that they exercise appropriate control over income and expenditure. 

This manual is designed to help groups understand the main financial considerations they should take into account when managing their settings.  Sound financial control will help ensure that your setting is solvent, well run, attractive to funders and sustainable for the long term.  An understanding of the importance of financial planning and decision-making will also help settings use their financial resources well for the delivery of the best outcomes for children. 

Content includes information on:

• Financial control

• Setting a budget

• Cash flow projections

• Reserves

• Accounts

• Keeping the books

• Income

• Expenditure

• Bank reconciliation

• What to do if you encounter problems

• Payment of salaries

• Fraud