Elements and Performance Criteria
- Allocate funds
- Funds are allocated according to agreed priorities and council requirements.
- All relevant people are kept informed of resource decisions, allocations and usage.
- Records of resource allocation and usage are current and complete according to relevant legislation and council or departmental requirements.
- Manage cash flow
- All documentation on cash flow is up to date and accurate.
- Cash receipts and payments are monitored against budgeted cash flow.
- Relevant employees and departments are consulted to determine the likely pattern of cash flows and to anticipate any unusual receipts or payments.
- Forecasts of future cash flows are made in accordance with available information.
- Cash budgets are presented in the approved format and clearly indicate net cash requirements.
- Significant deviations from the projected cash flow requirements are identified, assessed and appropriate action is taken.
- Cash budgets are developed to ensure effective utilisation of available funds whilst maintaining an adequate level of liquidity.
- Monitor and control activities against budget
- Systems are implemented to facilitate timely and accurate monitoring of actual income and expenditure against budgetary predictions.
- Actual income and expenditure are checked against budgets at regular designated intervals.
- Deviations from expected budget estimates or expenditure are identified and addressed and/or reported according to council requirements.
- Departments and relevant employees are advised of financial status with regard to budget allocations and expenditure.
- Prepare reports
- Allocate funds
- Funds are allocated according to agreed priorities and council requirements.
- All relevant people are kept informed of resource decisions, allocations and usage.
- Records of resource allocation and usage are current and complete according to relevant legislation and council or departmental requirements.
- Manage cash flow
- All documentation on cash flow is up to date and accurate.
- Cash receipts and payments are monitored against budgeted cash flow.
- Relevant employees and departments are consulted to determine the likely pattern of cash flows and to anticipate any unusual receipts or payments.
- Forecasts of future cash flows are made in accordance with available information.
- Cash budgets are presented in the approved format and clearly indicate net cash requirements.
- Significant deviations from the projected cash flow requirements are identified, assessed and appropriate action is taken.
- Cash budgets are developed to ensure effective utilisation of available funds whilst maintaining an adequate level of liquidity.
- Monitor and control activities against budget
- Systems are implemented to facilitate timely and accurate monitoring of actual income and expenditure against budgetary predictions.
- Actual income and expenditure are checked against budgets at regular designated intervals.
- Deviations from expected budget estimates or expenditure are identified and addressed and/or reported according to council requirements.
- Departments and relevant employees are advised of financial status with regard to budget allocations and expenditure.
- Prepare reports