Budget reporting

As part of each 6-month report, you must* complete the actual figures as at 30 June or 31 December for your organisation’s Statement of Financial Performance and Statement of Financial Position.

_{*If you are a Tertiary Education Organisation (TEO), Council-Controlled Organisation (CCO), a subsidiary of a multi-national company or receiving less than $75,000 per annum you do not need to provide us with financial statements.}

If actual results are more than 10% higher or lower than the approved projections in either the Statement of Financial Performance or the Statement of Financial Position, you must explain this variation. Include this explanation in the Commentary section under the Financial Health heading or your Performance Report uploaded to the Attachments section.

Steps

1. Select the report's Budget section.
   
   
2. Click Edit to open the Statement of Financial Performance.
   Enter your organisation's actual figures for '6 months to 30 Jun' or '12 months to 31 Dec', clicking Save often.
   Note that the projected figures cannot be edited.
   Make sure you complete the summary information (total variable/fixed revenue/expenditure) as well as the detailed information (revenue/expenditure split).
   Check that the summary and details totals match.
   Click Save then Close to return to the report's Budget section.
   
   
3. Click Edit to open the Statement of Financial Position.
   Enter your organisation's actual figures for '6 months to 30 June' or '12 months to 31 Dec', clicking Save often.
   Note that the projected figures cannot be edited.
   Check that the Net Assets figure matches the total beneath the Equity section.
   Click Save then Close.