Financial Management for Community Boards

Date: Wednesday 28 May 2025

Time: 1pm to 3pm SA, NT | 1.30pm to 3.30pm VIC, NSW, ACT, TAS, QLD | 11.30am to 1.30pm WA

Overseeing the finances is probably one of the most important tasks of a board member, and organisations with financially literate boards are best placed to promote and fulfil their missions, regardless of the external environment.

This workshop covers the questions boards should be asking about the finances and assists board members in reading and understanding the organisation’s financial reports. We will cover:

Effective financial governance

• Understanding the board’s financial responsibilities and fiduciary duties
• Ensuring compliance with legal and regulatory requirements
• Implementing financial policies and risk management

Establishing a financial plan and strategy

• Aligning financial planning with organisational goals
• Developing and managing budgets effectively
• Evaluating financial reports and key performance indicators

Developing a sustainable funding strategy

• Diversifying revenue streams to reduce financial risk
• Strengthening relationships with funders and stakeholders

Presented by: Nina Laitala, Training Lead, Governance and Community Leadership, Institute of Community Directors Australia (ICDA)

In 2016, Nina joined the Victorian Student Representative Council as a training and project manager, and she was later appointed CEO. As CEO, she led the organisation through a time of significant change, from being an auspice agency to becoming a charitable company limited by guarantee. It was during this time that she honed her skills as an executive manager, educator and advocate with a strong focus on strategic planning, mentoring and governance.

Nina excels in strategic and change management, particularly in bringing diverse stakeholders along for the journey. Her agile management style and unwavering energy and commitment enable her to build strong teams that thrive under challenging situations.

Nina is a passionate advocate for ensuring all people, particularly those from marginalised communities, have accessible platforms, opportunities and spaces where they can be heard and supported to create positive change in the world. Nina works with the training team to develop new training materials and deliver the full range of ICDA programs, including the Diploma of Governance.

TERMS AND CONDITIONS

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• Not circulate or distribute the weblink or resources to any person or organisation who is not a registered attendee (you will receive an invoice for the extra attendee/s)
• Not show the event in a group setting where unregistered attendees are present (you will either receive an invoice for the extra attendees or be removed and no refund given)
• Not make any recordings or capture the video or audio in any capacity

ACIA reserve the right to:

• Remove unauthorised participants from a session if no response is received by the unauthorised attendee within 10 minutes (by Zoom chat).
• Request all participants to turn on their camera

By purchasing tickets you agree to ACIA sending training updates to you.

Notification of cancellation or transfer of registration must be by email to enquiry@acia.asn.au. No refund is available for any cancellations received five working days or less prior to the start date, however a substitute delegate is welcome. Please notify ACIA of any substitution as soon as possible. No refund or transfer will be given for non-attendance.

DISCLAIMER: The advice and views of speakers and the content of presentations are entirely and exclusively the views of the speakers and do not necessarily reflect the views of ACIA. ACIA disclaims all liability in relation to actions taken in response to information presented by speakers.