The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!
From the Wiki University
What evidence can you provide to prove your understanding of each of the following citeria?
Gather and analyse relevant budget information for strata community.
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Legislative provisions relating to strata community administrative funds, fee and contribution levies, as well as sinking funds and fees, are identified. Completed |
Evidence:
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Budgeting method is selected. Completed |
Evidence:
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Previous year’s budget performance is reviewed. Completed |
Evidence:
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Budget planning information is collated. Completed |
Evidence:
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Strata community’s expenditure priorities are identified. Completed |
Evidence:
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Identify and document projected income and expenditure.
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Sources of income and expenditure are identified. Completed |
Evidence:
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Estimates of expenditure relating to administrative activities, including repairs and maintenance, are prepared. Completed |
Evidence:
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Potential variations to income and expenditure estimates are identified and their impact on overall budget is assessed. Completed |
Evidence:
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Identified items are documented and stored for easy retrieval. Completed |
Evidence:
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Oversee budget preparation.
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Budget preparation is coordinated in consultation with owners committee and professional financial advisors. Completed |
Evidence:
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Budget documentation is reviewed and where necessary clarification is sought from owners committee or professional financial advisors. Completed |
Evidence:
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Expenditure commitments are checked against final income estimates. Completed |
Evidence:
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Cash flow forecasts are prepared. Completed |
Evidence:
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Contingencies are identified and included in draft budget. Completed |
Evidence:
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Draft budget is reviewed and modifications are proposed as required. Completed |
Evidence:
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Present strata community budget.
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Owner’s committee is engaged in finalising and approving draft budget. Completed |
Evidence:
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Draft budget and schedule of contribution levies and fees are presented to strata community for approval. Completed |
Evidence:
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Budget is regularly reviewed and variances are reported to owners committee. Completed |
Evidence:
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