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Elements and Performance Criteria

1. Develop budget
   • Budgets are developed in required format, in accordance with organisational procedures
   • Costs and income streams are identified and quantified, in accordance with organisational procedures
   • Comparative analysis is prepared for major items, in accordance with organisational policies and procedures
   • Subordinate budgets are integrated into the prime budget
   • Implications of major shifts in proposed or actual budget allocations, income and/or expenditure are identified and analysed when preparing the budget
   • Performance indicators are developed and implemented, in accordance with organisational procedures
   • Financial resources are allocated to support achievement of operational
2. Costs and income streams are identified and quantified, in accordance with organisational procedures
3. Comparative analysis is prepared for major items, in accordance with organisational policies and procedures
4. Subordinate budgets are integrated into the prime budget
5. Implications of major shifts in proposed or actual budget allocations, income and/or expenditure are identified and analysed when preparing the budget
6. Performance indicators are developed and implemented, in accordance with organisational procedures
7. Financial resources are allocated to support achievement of operational
8. Allocate, authorise and monitor expenditure
   • Expenditure management is implemented to ensure it meets organisational financial accountability requirements
9. Significant potential and actual variations from the budget are renegotiated, in accordance with organisational procedures
10. Expenditure is authorised within financial authority limits, in accordance with organisational procedures and guidelines
11. Supply and expenditure processes are in accordance with corporate governance and organisational protocols
12. Financial reports are produced, as required, in a format nominated by the organisation
13. Primary and subordinate budgets are monitored alongside achievement of financial and operational objectives
14. Financial allocations are monitored, in accordance with organisational procedures, to ensure objectives and priorities relating to service delivery are met
15. Re-allocation of financial resources is undertaken, in accordance with organisational policy and procedures
16. Utilise financial management information systems
    • Management information systems are used for planning, implementing and monitoring financial resource usage
17. Management information system reports are produced, verified and interpreted, in accordance with organisational policy and procedures

Range Statement

Range is restricted to essential operating conditions and any other variables essential to the work environment. Non-essential conditions may be found in the Companion Volume Implementation Guide.

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