ELRC 202324 Annual Report

EDUCATION LABOUR RELATIONS COUNCIL | 2023/24 ANNUAL REPORT

During the financial year, the unit produced monthly, quarterly and annual financial reports (financial statements and budget vs actual spending reports). The Finance unit conducted a budget management refresher workshop for the Council’s management team on 7 September 2023. This workshop assists in preparing mid-year budget adjustments and sets the tone for annual budget preparations. The mid-year budget for the 2022/23 financial year was prepared and approved by EXCO on 6 November 2023. In the meeting of 4 March 2024, EXCO approved the FY2024/25 budget, which is linked to the APP, as presented by management.

Strategy to overcome areas of under-performance Not applicable.

Changes to planned targets No changes were made to planned targets.

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