Manage finances within a budget

Formats and tools

Unit Description
Reconstruct the unit from the xml and display it as an HTML page.
Assessment Tool
an assessor resource that builds a framework for writing an assessment tool
Assessment Template
generate a spreadsheet for marking this unit in a classroom environment. Put student names in the top row and check them off as they demonstrate competenece for each of the unit's elements and performance criteria.
Assessment Matrix
a slightly different format than the assessment template. A spreadsheet with unit names, elements and performance criteria in separate columns. Put assessment names in column headings to track which performance criteria each one covers. Good for ensuring that you've covered every one of the performance criteria with your assessment instrument (all assessement tools together).
Wiki Markup
mark up the unit in a wiki markup codes, ready to copy and paste into a wiki page. The output will work in most wikis but is designed to work particularly well as a Wikiversity learning project.
Evidence Guide
create an evidence guide for workplace assessment and RPL applicants
Competency Mapping Template
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners. A template for developing assessments for a unit, which will help you to create valid, fair and reliable assessments for the unit, ready to give to trainers and students
Observation Checklist
create an observation checklist for workplace assessment and RPL applicants. This is similar to the evidence guide above, but a little shorter and friendlier on your printer. You will also need to create a seperate Assessor Marking Guide for guidelines on gathering evidence and a list of key points for each activity observed using the unit's range statement, required skills and evidence required (see the unit's html page for details)

Self Assessment Survey
A form for students to assess thier current skill levels against each of the unit's performance criteria. Cut and paste into a web document or print and distribute in hard copy.
Moodle Outcomes
Create a csv file of the unit's performance criteria to import into a moodle course as outcomes, ready to associate with each of your assignments. Here's a quick 'how to' for importing these into moodle 2.x
Registered Training Organisations
Trying to find someone to train or assess you? This link lists all the RTOs that are currently registered to deliver LGACOM407B, 'Manage finances within a budget'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Reference books for 'Manage finances within a budget' on This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to for every purchase, so go nuts :)

Elements and Performance Criteria



1. Allocate funds

1.1. Funds are allocated according to agreed priorities and council requirements.

1.2. All relevant people are kept informed of resource decisions, allocations and usage.

1.3. Records of resource allocation and usage are current and complete according to relevant legislation and council or departmental requirements.

2. Manage cash flow

2.1. All documentation on cash flow is up to date and accurate.

2.2. Cash receipts and payments are monitored against budgeted cash flow.

2.3. Relevant employees and departments are consulted to determine the likely pattern of cash flows and to anticipate any unusual receipts or payments.

2.4. Forecasts of future cash flows are made in accordance with available information.

2.5. Cash budgets are presented in the approved format and clearly indicate net cash requirements.

2.6. Significant deviations from the projected cash flow requirements are identified, assessed and appropriate action is taken.

2.7. Cash budgets are developed to ensure effective utilisation of available funds whilst maintaining an adequate level of liquidity.

3. Monitor and control activities against budget

3.1. Systems are implemented to facilitate timely and accurate monitoring of actual income and expenditure against budgetary predictions.

3.2. Actual income and expenditure are checked against budgets at regular designated intervals.

3.3. Deviations from expected budget estimates or expenditure are identified and addressed and/or reported according to council requirements.

3.4. Departments and relevant employees are advised of financial status with regard to budget allocations and expenditure.

4. Prepare reports

4.1. Accurate, clear and concise financial reports are prepared within required time frames according to council or departmental auditing and legislative requirements.

Qualifications and Skillsets

LGACOM407B appears in the following qualifications:

  • LGA40604 - Certificate IV in Local Government (Land Management)
  • LGA50104 - Diploma of Local Government Administration
  • LGA50208 - Diploma of Local Government (Health and Environment)
  • LGA50604 - Diploma of Local Government (Regulatory Services)
  • LGA40504 - Certificate IV in Local Government (Regulatory Services)
  • LGA40404 - Certificate IV in Local Government (Operational Works)
  • LGA50404 - Diploma of Local Government (Operational Works)
  • LGA50508 - Diploma of Local Government (Planning)
  • LGA40708 - Certificate IV in Local Government (Planning)
  • LGA60104 - Advanced Diploma of Local Government (Operational Works)
  • LGA40308 - Certificate IV in Local Government (Health and Environment)
  • LGA40104 - Certificate IV in Local Government
  • LGA50304 - Diploma of Local Government (Land Management)
  • HLT42407 - Certificate IV in Indigenous Environmental Health
  • HLT42307 - Certificate IV in Population Health
  • HLT51007 - Diploma of Population Health
  • HLT51107 - Diploma of Indigenous Environmental Health