Develop and review budgets for activities or projects

Unit of competency Outline

Date retreived
22/07/2026 10:30 PM AWST

Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.

Unit of competency

National Code
SISXFAM003

State Code
OEN46

TGA Status
Current

DTWD Status
Approved

Current Release Number
1.00

Current Release Date
13/12/2022

View on TGA

State Implementation and Classification

Approved Date

14/08/2023

Field of Education

080101 - Accounting

Original Release Date

14/08/2023

Nominal Hours

Description

This unit describes the performance outcomes, skills and knowledge required to develop and review budgets for specific organisational activities including programs, projects and events. These budgeting activities differ in scope to departmental or whole of organisation budgets.This unit applies to any type of sport, fitness, aquatic or recreation organisation including commercial, not-for-profit, community and government organisations. It applies to senior personnel, including supervisors and managers, who operate independently or with limited guidance from others.The skills in this unit must be applied in accordance with Commonwealth and State or Territory legislation, Australian standards and industry codes of practice.No occupational licensing, certification or specific legislative requirements apply to this unit at the time of publication.

Notes

Elements and Performance Criteria

1. Source data for budget preparation.

1.1. Access and interpret financial data and information about resources required to conduct the activity.
1.2. Confirm overall budget allocation for the activity with relevant personnel.
1.3. Identify potential sources and scope of activity revenue.

2. Prepare budget calculations.

2.1. Calculate realistic projections of revenue and expenditure based on data and information obtained.
2.2. Determine unit cost and sale value of product or service and calculate break-even point.
2.3. Identify and plan for likely contingencies.

3. Prepare budget documentation.

3.1. Prepare draft budget according to organisational format.
3.2. Identify and support revenue and expenditure estimates with current and valid information.
3.3. Submit budget for approval within designated timelines.
3.4. Adjust budget in response to feedback from designated personnel.

4. Review budget against actual results.

4.1. Compare actual revenue and expenditure to original budget using organisational data.
4.2. Identify variances from original budget and prepare and present accurate budget report to designated personnel.
4.3. Make recommendations for future budget planning.
4.4. Maintain accurate records to assist with the development of future budgets.

No information

Replaces

State Code	National Code	Title	Type
AVD10	SISXFIN001	Develop and review budgets for activities or projects	Unit of competency

State Code	National Code	Title	Type
BIO2	SIS40122	Certificate IV in Sport, Aquatics and Recreation	Qualification