Tag Archives: finance training

WHAT BUDGET HOLDERS NEED TO KNOW

| March 12, 2026

Effective financial management, budgeting and control should underpin the operations of all public sector and nonprofit organisations. The reason being that they are responsible for public funds, and need to ensure value for money. In the current environment public sector budgets are being challenged to deliver more for less. This requires all those tasked with spending public funds to take ownership of their budgets and be accountable for their use. Many budget holders are skilled professionals in specific disciplines but may not have any knowledge or experience in being responsible for a budget. This increases the challenges faced in ensuring public funds are managed and controlled. Often training and development budgets face constraints which result in only “essential” training being funded and delivered. We consider that finance training should be in that category, but often it is not. There are many areas that we consider that anyone responsible for a budget at any level should be fully conversant with and form part of their underpinning knowledge. What Budget Holders Should

Key Financial Management Challenges

| February 16, 2026

Many public sector and nonprofit organisations continue to face key financial management challenges. Tight budgets, rising service demands, and greater scrutiny mean finance teams and budget holders must work more efficiently and confidently than ever. Below are some of the most common challenges we see across the sector: Issue Description Overspend Risk Budget pressures often arise from limited forecasting skills, delayed financial information, or lack of confidence among budget holders. Weak Internal Controls Inconsistent processes and unclear responsibilities increase the risk of errors, non‑compliance, and governance concerns. Audit Findings Recurring audit issues highlight deeper gaps in skills or processes, particularly around documentation, controls, and financial accuracy. Poor Budget Monitoring Many managers struggle to interpret financial reports, leading to reactive decisions and late identification of variances. Grant Reporting Issues Managing restricted funds and meeting funder requirements can be complex, especially when multiple grants are involved. Skills Gaps in Finance Teams Both finance and non‑finance staff often need support to build confidence in budgeting, financial management, and internal controls. These challenges are

The 5 Step Budgetary Control Process

| February 12, 2026

To ensure effective budgetary control, budgets must be effectively monitored and managed. Although the difference between monitoring and managing budgets is not clearly defined, there are certain characteristics that set them apart.

Financial Management Skills critical to control Public Sector Budgets

| October 23, 2022

Public Sector Budgets are facing the most serious challenges for decades. Now, more than ever, it is critical that organisations and individuals have the financial management critical to control Public Sector budgets and ensure effective budgetary control. Given the economic climate, we can anticipate more austerity, more savings needed, and delivering more for less. We can help with our courses, books, and online resources. Our virtual half day course provides all the basic underpinning knowledge for effective budgeting, monitoring and control. Also, the online courses cover a range of much needed core skills in finance for the public sector, along with online competency assessments. Managing the Devolved Budget is just one of the range of public sector management books. These are well known for being easy to read and full of useful information for day-to-day financial budgetary control and contain self-development activities. HB Publications and Training International continues to develop new, interesting and dynamic ways to enhance financial management skills in the public sector. Many of our courses have CPD