The Budget Forecast feature is available to Directors, Plan Managers and Support Coordinators
Accessible from a Participant's Plan view, the Budget Forecast can be selected from the left menu:
The columns show:
Total Plan Budget | Average Daily Budget | Spend Per Day | Spend to Date | Balance at Plan End | Forecast Consumption
| Column | With Consent to view Budget | Without Consent to view Budget |
|
Total Plan Budget (Actual) |
Total Plan Budget is taken from the approved plan managed budget amount received from NDIS. This may include External Budget if the Plan has previously been managed by another agency. |
Total Plan Budget is taken from the Service Bookings available to the plan management agency and may not represent the entire available budget. |
|
Average Daily Budget (Actual) |
This will show the amount if the budget was spent in equal amounts daily, throughout the plan duration. Calculated from the Total Plan Budget ÷ Plan Duration (days). |
|
|
Spend Per Day (Actual) |
This will show the actual amount being spent averaged on a daily basis, based on the current spend rate. Calculated from the Spend to Date ÷ Time Passed (days). |
|
|
Spend to Date (Actual) |
The amount that has been claimed and marked as 'Pending Payment' or 'Paid from NDIS'. This will not include entered, rejected or cancelled claims. | |
|
Balance at Plan End (Forecast) |
This shows how much will be available (or overspent) at the end of the plan. Calculated from the Spend Per Day x Plan Duration (days). |
|
|
Forecast Consumption (Forecast) |
The Date when the Total Budget is calculated to be consumed based on the current Spend Per Day. | |
Please note:
The Balance at Plan End and the Forecast Consumption date may show an overspend and early Consumption date if there is a high-value spend early in the Plan. This is likely to affect Capital Supports.
Download Reports
The report can be downloaded in PDF or CSV format:
Further Reading: Budget vs Actual in more detail