The aims of the training were:-
- To understand the principles of activity-based budgeting (ABB)
- Discuss the benefits of activity-based budgeting to your branch
- Consider how OLBA functions can help support the budgeting process
- To identify the next steps for activity-based budgeting within your branch
I was there as Regional Finance conveyor. I closed the training by thanking the all those who helped organise this meeting and especially my NEC comrade, Josie Bird. I am proud that my union grows its rank and file lay activists, so they can take on such positions of responsibility.
I also pointed out I used to be a treasurer of a branch that had hundreds of thousands of pounds in reserves, which was very scary for someone who didn't have a finance background. I wish then I had the kit and support that is now on offer.
At the best of times it is vital that we have sound financial governance, never mind nowadays, the worse of times, when we need to make sure that every penny we have is well spent.
We must never forget either that our funds do not belong to the "union" nor to the "branches" they belong to our members and it is our absolute duty to make sure that they are spend properly and solely in their interests.
Picture of London Regional Secretary, Linda Perks, leading discussion on workshop outcomes.