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.
     
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    2. AfroXpert Performance Developement cc 
    3. Akadon Trading (Pty) Ltd 
    4. Alpha Business Consultants 
    5. Amangile Academy (Pty) Ltd 
    6. AMM Training and Consulting 
    7. ARETE CONSULTING AND MANAGEMENT SERVICES 
    8. Asiphokuhle Training and Research Institute 
    9. AVAX SA 481 CC. T/A Mandisa Development Services 
    10. AVC Corporate Advisory Services (PTY) LTD. 
    11. Ayoba Training 
    12. Bakgatla Municipal Solutions 
    13. Bantubanye Skills 
    14. BESO Business Empowerment Solutions CC 
    15. Bettes - Types Trading and Projects 
    16. Black Bull Consulting 
    17. Boikgantsho Consulting & Events 
    18. BOTSHO BOTLE RESOURCES 
    19. Break The Chains Development Services 
    20. Bulwa Minerals Pty Ltd 
    21. Canton Trading 273 
    22. CB Willemse Training 
    23. Chrysalis Academy Western Cape Trust 
    24. Crack Down Pest Control Services 
    25. CTC College(PTY) LTD. 
    26. Development Bank of Southern Africa (DBSA) 
    27. Ditirelo Skills Development Services 
    28. Ditlou Solutions 
    29. Ditlou Sons and Daughters 
    30. Dynamic Abilities General Trading 
    31. Eden Training 
    32. Edutraining Business College 
    33. Elvis Koena Consulting (Pty) Ltd 
    34. Envirogreen 
    35. Ethembeni Multi Service Enterprise (Pty) Ltd 
    36. Explicit Communications 
    37. Faith and Jennifer Maintanance and Construction 
    38. General Economic Analysis 
    39. Giamanje TVET College 
    40. Global Care Trading 100 CC 
    41. Growth Management Consulting 
    42. Hanyeleni Business Enterprise 
    43. Hlombe and Associates 
    44. HS GLOBAL SKILLS BUSINESS SOLUTIONS 
    45. Ilinge Labantu Debt Solution 
    46. IMITHENTE DEVELOPMENT HOLDINGS 
    47. Independent Development Trust 
    48. Inkcubeko YakwaNtu Trading 
    49. Institute of Cooperatives and Community Economic Development 
    50. Institute of Sector Education and Training 
    51. INTERMASIKO CC 
    52. Johsie Enertprise 
    53. Josmap Training Institute 
    54. Joubert Park Youth Outreach Project 
    55. JTM Empowered 
    56. Kadimo Consulting CC. 
    57. Khehli Institute 
    58. KPK Training Solutions 
    59. KTMO Business Solutions 
    60. KWEM Management Solutions 
    61. Lelethu Training (Pty) Ltd 
    62. Limpopo LED Resource Centre 
    63. Local Government Management Academy 
    64. M.I.C. Training and Development 
    65. Magase and Shakong Projects 
    66. Magnico Products (PTY) LTD 
    67. Mahlasedi Training Matters 
    68. Mancosa (PTY) LTD T/A Management College of Southern Africa 
    69. MANCOSA Pty (Ltd) 
    70. Masemase Consultancy CC. 
    71. Mbedvula Trust 
    72. Mbonyolosi Skills Development Institute 
    73. Mc Intosh Xaba and Associates (MXA) 
    74. Mgwezane Training and Events Management CC. 
    75. Miczo's Enterprise 
    76. Mimoisa Business Solutions CC 
    77. MJ Mafunisa Consulting (PTY) LTD 
    78. Mma Maru PTY LTD 
    79. MML Consulting CC. 
    80. Mohlaje Solutions (Pty) Ltd 
    81. Mortarboard Training Solutions 
    82. MUHANGWENE DEVELOPMENT ENTERPRISE 
    83. Multi-Skills Training & Development Institute (Pty) Ltd 
    84. Multiple Productive Management Solutions 
    85. Mvula Trust 
    86. NEDTEX73 
    87. NELLS SKILLS ACADEMY 
    88. Nghano Training and Development Centre 
    89. Nhlahle Development Agency 
    90. Nsuku Management Consultants 
    91. Omithombo Management Academy 
    92. PanAfrican Supply Chain Academy 
    93. PFIM Trading (Pty) Ltd 
    94. Pioneer Business Consulting 
    95. PMA Holdings (PTY ) LTD. 
    96. Powernexus 
    97. Princetop Corporative Training (Pty) Ltd 
    98. Progressive School of Business and Engineering (Pty) 
    99. PTDEV (Pty) Ltd 
    100. R&M Enterprises Pty Ltd 
    101. Reflections Development Institute 
    102. Regent Business School (Pty) Ltd t/a Regent Business School 
    103. SA Business Services CC. 
    104. Sabela Trading and Projects CC. 
    105. SAZM TRADING AND PROJECTS PTY LTD 
    106. Senelo Trading CC 
    107. Setaki Trading and Projects (Pty) Ltd 
    108. Shekinah Deep Excellence (PTY) LTD 
    109. Siza Nesu Training and Consultants 
    110. South African Institute of Learning (SAIL) 
    111. St Kings Institute of Technology and Business Studies 
    112. SWARANANG MANAGEMENT CONSULTING CC 
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    114. Thinking Mind Trading 
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    117. Tlotlangthuto Training & Consulting 
    118. Tloumogale Business Development & Consulting 
    119. Training at Work (Pty) Ltd 
    120. Transafric Consulting Pty Ltd 
    121. Tsebong Training Centre 
    122. Tshamutengo General Dealers CC. 
    123. Tshepang Consulting & Project 
    124. Tshisimani Holdings (PTY) Ltd. 
    125. Tswelopele Rural Development Network 
    126. Twin Peak Technologies 
    127. Uan Projects 
    128. Umqondo Consultancy 
    129. UNIVERSITY OF BUSINESS EXCELLENCE(PTY)LTD 
    130. University of Venda 
    131. Ursivox Interactive Systems 
    132. Vantage Training 
    133. Vumilia Africa Group 
    134. Ya Hina Management Consulting and projects 
    135. Yamangcuse Consulting 
    136. Zizamele Business Enterprise 


    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.