Elements and Performance Criteria
- Participate in formulation of a budget
- Gather budget planning information from relevant sources
- Identify priorities in relation to the organisation’s vision and plans
- Identify known sources of income as well as new sources of income
- Review expenditure for existing operations
- Review overhead expenditure
- Estimate expenditure for new initiatives and expansion
- Request budget variations to suit organisational needs
- Supervise financial transaction
- Arrange expenditure within budget delegations
- Record transactions to meet taxation and accounting requirements
- Compare actual sales and expenditure to the enterprise budget
- Check financial reports to ensure operations are within forecast limits
- Adjust expenditure to meet financial targets as required
- Report actual and potential variations in budgeted income
- Develop recommendations to address budget variations