LPC Support Training – Financial Management for LPCs

Thursday, 1 December, 2016


One of the main responsibilities for LPC members is to set and manage the LPC budget to make sure that contractors are getting the best value from their levy; particularly important in financially challenging times for contractors. LPC members are directly accountable to contractors for the management of the LPC finances. To discharge this duty and as a matter of governance all LPC members must have the necessary expertise so that contractors can be assured that their levy is being managed properly. This workshop from PSNC is for LPC members and officers and covers the financial management skills and systems that apply to LPC finances.

What will be covered?

The day will be a mix of presentations and scenario discussions and will cover:

  • Setting a budget based on the LPCs strategy and business plan.
  • Zero based budgeting
  • How to structure and maintain management accounts
  • Expenses policies
  • Setting the levy
  • Cost control and increasing efficiency
  • Risk assessment
  • Salary/consultancy fee reviews
  • Financial governance
  • Annual accounts
  • Payments to members 

Where and when;

23rd November – London

1st December – Wakefield

Registration will start at 09.30am, with training from 10am to 4pm.

Presentation from the day: Financial management for lpcs nov 2016 pdf web



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