Knowledge:

•  the financial policies and procedures of the organisation, including its funding arrangements, funding streams and its mechanisms for ensuring financial accountability

• the organisation’s internal control processes and how these are used to monitor spend and ensure propriety to secure value for public money

• the financial health and efficiency of the organisation and how this compares with similar organisations locally and nationally (Budget Plan)

Skills & Effective Behaviours:

• has a basic understanding of financial management in order to ensure the integrity of financial information received by the board and to establish robust financial controls

• has confidence in the arrangements for the provision of accurate and timely financial information, and the financial systems used to generate such information

• interprets budget monitoring information and communicate this clearly to others

• participates in the organisation’s self-evaluation of activities relating to financial performance, efficiency and control

• is rigorous in their questioning to understand whether enough being done to drive financial efficiency and align budgets to priorities 

Knowledge:

•  the organisations’ current financial health and efficiency and how this compares with similar organisations both locally and nationally 

Skills & Effective Behaviours:

• uses their detailed financial knowledge and experience, which is appropriate for the scale of the organisation, to provide advice and guidance to the board