1. Ambition in Action

2. Ambition in Action www.sit.nsw.edu.au HEAD TEACHER DEVELOPMENT PROGRAM – FINANCIAL MANAGEMENT

3. Ambition in Action www.sit.nsw.edu.au Today's Outcomes  Language of money  Managing a teaching section’s budget  Monitoring Progress  Questions???

4. Ambition in Action www.sit.nsw.edu.au Tools you can use at SI /Educational planning sheets /BUDDY /CUBE-payroll reports /EC Systems /Data Warehouse

5. Ambition in Action www.sit.nsw.edu.au Sources of Finance /What is the major source of finance at TAFE?

6. Ambition in Action www.sit.nsw.edu.au Budgeting and Control /Operational plans are developed as a framework for running your section. A budget is one of the operational plans in your area.

7. Ambition in Action www.sit.nsw.edu.au Budgeting and Control /Budgets are often used as performance standards or targets for head teachers and management to work towards. Budgets can be very effective planning and control mechanisms, provided they are prepared prior to the period to which they relate and are regularly monitored.

8. Ambition in Action www.sit.nsw.edu.au Activity: In pairs identify the following: /What costs will you incur in your section? /How do you finance your costs? /How do you transfer funds when you have serviced another section?

9. Ambition in Action www.sit.nsw.edu.au Commercial Clients /What do you consider in costing a proposal for a commercial client?

10. Ambition in Action www.sit.nsw.edu.au Questions ??????????????????

11. Ambition in Action www.sit.nsw.edu.au Further information /For further detail on financial planning and for some refresher activities please refer to the additional information on the myLearning / Head Teacher Development Program wiki site.

12. Ambition in Action www.sit.nsw.edu.au Feedback???????????