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Elements and Performance Criteria

1. Plan for and collect information for budget
   • Determine and confirm areas for which budget is being prepared with appropriate personnel, and identify, access and analyse data required for development of budget
   • Determine budget parameters with estimates based on research, consultation and negotiation with appropriate personnel
   • Consult relevant colleagues in budget planning process as required
2. Develop budget
   • Draft budget based on analysis of all available information in accordance with organisational policy
   • Identify and support income and expenditure estimates with reliable information and circulate draft budget for comment
3. Finalise budget and allocate resources
   • Provide final budget which incorporates agreed modifications to appropriate personnel
   • Inform personnel affected by budget of its limits and goals in their work area and clarify financial management and reporting responsibilities
   • Obtain agreement to budget priorities and allocate resources
4. Monitor and control budget
   • Check actual income and expenditure against budget at regular intervals, and prepare and present budget reports to appropriate personnel
   • Identify and respond to deviations, take appropriate action and advise relevant personnel on budget status
5. Complete financial and statistical reports
   • Complete all required financial and statistical reports accurately within designated timelines
   • Make appropriate recommendations about future financial planning
   • Provide clearly presented and accurate reports to appropriate personnel