This unit of competency involves the skills and knowledge required to manage financial resources to achieve organisation and operational objectives.

The unit applies to any personnel with authority for the management of financial resources, including budgets, within a public safety organisation.

No licensing, legislative or certification requirements apply to this unit at the time of publication.

ELEMENTS

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1

Develop budget

1.1

Budgets are developed in required format, in accordance with organisational procedures

1.2

Costs and income streams are identified and quantified, in accordance with organisational procedures

1.3

Comparative analysis is prepared for major items, in accordance with organisational policies and procedures

1.4

Subordinate budgets are integrated into the prime budget

1.5

Implications of major shifts in proposed or actual budget allocations, income and/or expenditure are identified and analysed when preparing the budget

1.6

Performance indicators are developed and implemented, in accordance with organisational procedures

1.7

Financial resources are allocated to support achievement of operational

2

Allocate, authorise and monitor expenditure

2.1

Expenditure management is implemented to ensure it meets organisational financial accountability requirements

2.2

Significant potential and actual variations from the budget are renegotiated, in accordance with organisational procedures

2.3

Expenditure is authorised within financial authority limits, in accordance with organisational procedures and guidelines

2.4

Supply and expenditure processes are in accordance with corporate governance and organisational protocols

2.5

Financial reports are produced, as required, in a format nominated by the organisation

2.6

Primary and subordinate budgets are monitored alongside achievement of financial and operational objectives

2.7

Financial allocations are monitored, in accordance with organisational procedures, to ensure objectives and priorities relating to service delivery are met

2.8

Re-allocation of financial resources is undertaken, in accordance with organisational policy and procedures

3

Utilise financial management information systems

3.1

Management information systems are used for planning, implementing and monitoring financial resource usage

3.2

Management information system reports are produced, verified and interpreted, in accordance with organisational policy and procedures

Foundation skills essential to performance are explicit in the performance criteria of this unit of competency.

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.

Public Safety

Management