SAQA

All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.

SOUTH AFRICAN QUALIFICATIONS AUTHORITY

REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE:

Prepare a budget for a local economic development project and prepare the relevant financial reports

SAQA US ID	UNIT STANDARD TITLE
110482	Prepare a budget for a local economic development project and prepare the relevant financial reports
ORIGINATOR
SGB Economics
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-
FIELD			SUBFIELD
Field 03 - Business, Commerce and Management Studies			Finance, Economics and Accounting
ABET BAND	UNIT STANDARD TYPE	PRE-2009 NQF LEVEL	NQF LEVEL	CREDITS
Undefined	Regular	Level 5	Level TBA: Pre-2009 was L5	8
REGISTRATION STATUS		REGISTRATION START DATE	REGISTRATION END DATE	SAQA DECISION NUMBER
Passed the End Date - Status was "Reregistered"		2018-07-01	2023-06-30	SAQA 06120/18
LAST DATE FOR ENROLMENT		LAST DATE FOR ACHIEVEMENT
2026-06-30		2029-06-30

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.

This unit standard does not replace any other unit standard and is not replaced by any other unit standard.

PURPOSE OF THE UNIT STANDARD

This Unit Standard is intended for people who are, or seek to be, employed as a supervisor or manager in the local economic development context in South Africa. It provides the learner with the opportunity to budget and account for a local economic development project.

People credited with this Unit Standard are able to:

Explain the concept of budgeting

Analyse the budget needs and requirements of a local economic development project and present and justify a proposed budget

Monitor and control project funds against the actual drawings.

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING

It is assumed that learners are competent in:

Communication at NQF Level 4

Mathematical Literacy at NQF level 4

Accounting at NQF Level 4.

UNIT STANDARD RANGE

The budget includes: capital costs; operational costs; funding required or available; income to be generated

Financial reports include: variance reports; bank statements; cash flow; income statement; balance sheet.

Specific Outcomes and Assessment Criteria:

SPECIFIC OUTCOME 1

Explain the concept of budgeting.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. Budgeting is defined in terms of income and expenditure and the variance of actual expenditure from budgeted amount.

ASSESSMENT CRITERION 2

2. Income is discussed in terms of initial funding and subsequent self-generated income as applicable.

ASSESSMENT CRITERION 3

3. Expenditure is discussed in terms of capital and operational costs.

SPECIFIC OUTCOME 2

Analyse the budget needs and requirements of a local economic development project.

OUTCOME NOTES

Analyse the budget needs and requirements of a local economic development project and present and justify a proposed budget.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. A local economic development project is identified in terms of its objectives and environmental characteristics and constraints.

ASSESSMENT CRITERION 2

2. An analysis is done of the costs of establishing and operating the project.

ASSESSMENT CRITERION 3

3. The funding required is calculated making allowances for any expected operational income.

ASSESSMENT CRITERION 4

4. A budget document is prepared that consolidates the work in progress.

ASSESSMENT CRITERION 5

5. The project budget is presented for approval and the various elements of the budget are explained in order to motivate for their inclusion.

SPECIFIC OUTCOME 3

Monitor and control project funds against the actual drawings.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. Appropriate financial reports are prepared to monitor project funds against actual drawings according to local authority requirements.

ASSESSMENT CRITERION 2

2. The financial reports meet the standards of generally accepted accounting practice as well as any reasonable requirements of the funding source, if applicable.

ASSESSMENT CRITERION 3

3. The financial reports are used as a basis to authorise expenditure/drawings and monitor progress.

UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS

1. Anyone assessing a learner against this Unit Standard must be registered as an assessor with the relevant ETQA, or with an ETQA that has a Memorandum of Understanding with the relevant ETQA.

2. Any institution offering learning that will enable achievement of this Unit Standard or will assess this Unit Standard must be accredited as a provider with the relevant ETQ, or with an ETQA that has a Memorandum of Understanding with the relevant ETQA.

3. Moderation of assessment will be overseen by the relevant ETQA according to the moderation guidelines in the relevant qualification and the agreed ETQA procedures or with an ETQA that has a Memorandum of Understanding with the relevant ETQA.

4. Therefore, anyone wishing to be assessed against this Unit Standard may apply to be assessed by any assessment agency, assessor or provider institution that is accredited by the relevant ETQA or with an ETQA that has a Memorandum of Understanding with the relevant ETQA.

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE

Basic principles of accounting

GAAP

Financial reporting requirements and conventions of municipalities

Elements of local economic development projects from own work context

UNIT STANDARD DEVELOPMENTAL OUTCOME

N/A

UNIT STANDARD LINKAGES

N/A

Critical Cross-field Outcomes (CCFO):

UNIT STANDARD CCFO WORKING

Work effectively with others as a member of a team, group, organization and community by, e.g.

Presenting a project budget for approval according to assessment criterion:
"The project budget is presented for approval and the various elements of the budget are explained in order to motivate for their inclusion"

Using financial reports as a basis to authorise expenditure/ drawings and monitor progress according to assessment criterion:
"The financial reports are used as a basis to authorise expenditure/drawings and monitor progress."

UNIT STANDARD CCFO ORGANISING

Organise and manage oneself and one`s activities responsibly and effectively by, e.g.

Analysing the costs of establishing and operating the project according to assessment criterion:
"An analysis is done of the costs of establishing and operating the project"

Preparing a budget document according to assessment criterion:
"A budget document is prepared that consolidates the work in progress"

UNIT STANDARD CCFO COLLECTING

Collect, analyse, organize and critically evaluate information by, e.g.

Preparing a budget for a local economic development project and preparing the relevant financial reports according to the assessment criteria for specific outcomes;

Explain the concept of budgeting

Analyse the budget needs and requirements of a local economic development project and present and justify a proposed budget

Monitor and control project funds against the actual drawings.

UNIT STANDARD CCFO COMMUNICATING

Communicate effectively using visual, mathematical and/ or language skills in the modes of oral and/or written presentation by, e.g.

Presenting the project budget for approval according to assessment criterion.

UNIT STANDARD ASSESSOR CRITERIA

N/A

REREGISTRATION HISTORY

As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015.

UNIT STANDARD NOTES

N/A

QUALIFICATIONS UTILISING THIS UNIT STANDARD:

	ID	QUALIFICATION TITLE	PRE-2009 NQF LEVEL	NQF LEVEL	STATUS	END DATE	PRIMARY OR DELEGATED QA FUNCTIONARY
Core	36438	National Certificate: Local Economic Development	Level 5	Level TBA: Pre-2009 was L5	Passed the End Date - Status was "Reregistered"	2023-06-30	LG SETA
Elective	57427	National Certificate: Youth Development	Level 5	Level TBA: Pre-2009 was L5	Passed the End Date - Status was "Reregistered"	2023-06-30	ETDP SETA

PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD:

This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.

1.	A4 Consultancy Cc
2.	Afroxpert Performance Developement Cc
3.	Akadon Trading (Pty) Ltd
4.	All Access Holdings
5.	Altec Training And Consulting
6.	Amangile Academy (Pty) Ltd
7.	Amaqamu Project Management and Consulting
8.	Amm Training And Consulting
9.	Apex Education (Pty) Ltd.
10.	Arden School of Management
11.	Arete Consulting And Management Services
12.	Asiphokuhle Training And Research Institute
13.	Avax Sa 481 Cc. T/A Mandisa Development Services
14.	Avc Corporate Advisory Services (Pty) Ltd.
15.	Ayoba Training
16.	Bakgatla Municipal Solutions
17.	Bantubanye Skills
18.	Basiea Development And Training
19.	Bendrew Trading
20.	Beso Business Empowerment Solutions Cc
21.	Bettes - Types Trading And Projects
22.	Black Bull Consulting
23.	Boikgantsho Consulting & Events
24.	Bokamoso Competence (Pty) Ltd
25.	Bokatoka Construction and Projects
26.	Bothanda Trading
27.	BOTSHO BOTLE RESOURCES
28.	Break The Chains Development Services
29.	Bright Eyes Trading
30.	Bright Ideas Training
31.	Bulwa Minerals Pty Ltd
32.	Camblish Training Institute (Pty) Ltd
33.	Canton Investments (Pty) Ltd
34.	Capricon Training Consultants cc
35.	Cb Willemse Training
36.	Ccg Systems
37.	CEDROS DEVELOPMENT AND PROJECTS
38.	Central Institute of Professional Studies and Services
39.	Chrysalis Academy Western Cape Trust
40.	Classic Human Capital Solutions
41.	Crack Down Pest Control Services
42.	Cradle Stars Trading Enterprise
43.	Cymbol Consulting(Pty) Ltd.
44.	Development Bank Of Southern Africa (Dbsa)
45.	Devine Intelligence Consultants (Pty) Ltd
46.	Ditirelo Skills Development Services
47.	Ditlou Solutions
48.	Ditlou Sons And Daughters
49.	DM Management & Consulting
50.	Dreamfinders Trading and Projects 588
51.	Dynamic Abilities General Trading
52.	E Mali Outsourcing Cc
53.	Eden Training
54.	Edutraining Business College
55.	Eduversity Pty Ltd
56.	Elvis Koena Consulting (Pty) Ltd
57.	Empowerment Dynamics Consulting
58.	Ethembeni Multi Service Enterprise (Pty) Ltd
59.	Extribyte (Pty) Ltd
60.	Faith And Jennifer Maintanance And Construction
61.	Falcon Business Institute (Pty) Ltd
62.	General Economic Analysis
63.	Giamanje Tvet College
64.	Global Care Trading 100 CC
65.	Gns Training Consultants
66.	Gotsec Skills Training
67.	Growth Management Consulting
68.	Hanyeleni Business Enterprise
69.	HDPSA
70.	Heavenly Button Trading Cc
71.	Heirs Training and Development Pty Ltd
72.	Higherway Institute of Learning
73.	HLOGIRATI (PTY) LTD
74.	Hlombe And Associates
75.	Hs Global Skills Business Solutions
76.	Ibless Enterprise
77.	ICM t/a Institute for Career Management
78.	Ilinge Labantu Debt Solution
79.	Ilitha Lelizwe Consulting
80.	Imithente Development Holdings
81.	Independent Development Trust
82.	Injeje Training
83.	Inkazimulo Trading
84.	Inkcubeko Yakwantu Trading
85.	Innercity Training Institute (Pty) Ltd
86.	Innovative Technology Design
87.	Institute Of Cooperatives And Community Economic Development
88.	Intermasiko Cc
89.	Inzalo Enterprise Management Systems (Pty) Ltd
90.	Jet Energy South Africa
91.	Josmap Training Institute
92.	Joubert Park Youth Outreach Project
93.	Jtm Empowered
94.	Jumpstart Training Institute
95.	Kadimo Consulting Cc.
96.	Kalideen Investment T/A Kalvest
97.	KALIDEEN MANAGEMENT SERVICES
98.	Keetileafrika Training Institute
99.	KG Business Development
100.	Khehli Institute
101.	KHOSITHI TRAINING
102.	Khula Nonke Training & Development
103.	Kpk Training Solutions
104.	Ktmo Business Solutions
105.	Kwem Management Solutions
106.	LEGAL EAGLES ACADEMY
107.	Lekoko Consulting (Pty) Ltd
108.	Lelethu Training (Pty) Ltd
109.	Letzaa Group
110.	Limpopo Led Resource Centre
111.	Local Government Management Academy
112.	M.I.C. Training And Development
113.	Magase And Shakong Projects
114.	Magnico Products (Pty) Ltd
115.	Magumzane Traiding Cc
116.	Mahlasedi Training Matters
117.	Makhophila Training
118.	Mamuhle Academy
119.	Mancosa (PTY) LTD T/A Management College of Southern Africa
120.	MANCOSA Pty (Ltd)
121.	Marcado Human Resources Strategies
122.	Masemase Consultancy Cc.
123.	MASM Trading Enterprise (Pty) Ltd
124.	Mathaveiya Skills Enhancement
125.	Mbedvula Trust
126.	Mbonyolosi Skills Development Institute
127.	Mc Intosh Xaba And Associates (Mxa)
128.	Mcbee Consulting Pty Ltd
129.	Meyiswa Training Academy
130.	MGM Training & Consulting
131.	Mgwezane Training And Events Management Cc.
132.	Miczo'S Enterprise
133.	Mimoisa Business Solutions Cc
134.	Mintirho Development Services
135.	Mission Point Consulting
136.	Mj Mafunisa Consulting (Pty) Ltd
137.	Mma Maru Pty Ltd
138.	Mml Consulting Cc.
139.	Mohlaje Solutions (Pty) Ltd
140.	Mortarboard Training Solutions
141.	MTHENGENYA & ASSOCIATES
142.	Mudau Picture Framers
143.	Muhangwene Development Enterprise
144.	Multi-Skills Training & Development Institute (Pty) Ltd
145.	Multiple Productive Management Solutions
146.	Nedtex73
147.	Nells Skills Academy
148.	Nghano Training And Development Centre
149.	Nonunu Projects
150.	Northlink College - Wingfield Campus
151.	Ns Global Academy
152.	Nsuku Management Consultants
153.	Omithombo Management Academy
154.	Panafrican Supply Chain Academy
155.	Petra Institute of Development
156.	Pfim Trading (Pty) Ltd
157.	PHETHA PROFFESSIONAL SERVICES CC
158.	Phetho Concepts (Pty) Ltd
159.	Pioneer Business Consulting
160.	Pma Holdings (Pty ) Ltd.
161.	Powernexus
162.	Princetop Corporative Training (Pty) Ltd
163.	Progressive School Of Business And Engineering (Pty)
164.	Ptdev (Pty) Ltd
165.	Quick Leap Investment
166.	R&M Enterprises Pty Ltd
167.	Ratomac Trading Consultants (Pty) Ltd
168.	Reflections Development Institute
169.	Regen Institute of Leadership and Management Education
170.	Regent Business School (Pty) Ltd t/a Regent Business School
171.	Sa Business Services Cc.
172.	Sabela Trading And Projects Cc.
173.	Sazm Trading And Projects
174.	Senelo Trading Cc
175.	Setaki Trading And Projects (Pty) Ltd
176.	Sf Consulting Engineers
177.	Shekinah Deep Excellence (Pty) Ltd
178.	Shirs Vision Compleadev (Pty) Ltd
179.	Simangasentso Enterprise
180.	Siza Nesu Training And Consultants
181.	Solstice Networks Cc.
182.	Sonani Skills
183.	South African Institute of Learning (SAIL)
184.	South West Gauteng TVET College
185.	Spectrium
186.	St Kings Institute Of Technology And Business Studies
187.	Summat Training Institute
188.	Swaranang Management Consulting Cc
189.	Talent Emporium Academy (PTY) Ltd
190.	Thinking Mind Trading
191.	Thobologo Training And Education Group
192.	Thopasefoka Consulting Pty Ltd
193.	Thubelihle Graduate Institute
194.	Thuto-Boswa Education And Training Solution
195.	Tinotel Communications
196.	Tlotlangthuto Training & Consulting
197.	Tloumogale Business Development & Consulting
198.	Training At Work (Pty) Ltd
199.	Transafric Consulting Pty Ltd
200.	Tsebong Training Centre
201.	Tshamutengu General Trading Cc.
202.	Tshepang Consulting & Project
203.	Tshisimani Holdings (Pty) Ltd.
204.	Tswelopele Rural Development Network
205.	Tumpu Trading And Projects
206.	Twin Peak Technologies
207.	Uan Projects
208.	Umqondo Business College
209.	University Of Business Excellence(Pty)Ltd
210.	University of Fort Hare
211.	University of the Western Cape
212.	University of Venda
213.	Ursivox Interactive Systems
214.	Vantage Training
215.	VEZOKUHLE YOUTH DEVELOPMENT PROJECT
216.	Vicmat Consultants
217.	VSL General Trading
218.	Vumilia Africa Group
219.	Vuselela FET College - Klerksdorp Campus
220.	Waoesi
221.	WEINVEST INVESTMENT CC
222.	Ya Hina Management Consulting And Projects
223.	Yamangcuse Consulting
224.	Zamaubuhle Training
225.	Zealot Business College
226.	Zizamele Business Enterprise