Each site is required to prepare a budget for the upcoming financial year. The purpose of the budget is to provide an estimation of how you plan on using the HIPPY funding payment. Depending on the structure of your organisation, you may have the support of a Finance Officer but should always be prepared in consultation with the HIPPY Coordinator and Line Manager.
The budget should be prepared using the Financial Reporting Template for the relevant financial year.
All planned income and expenditure should be reported in the relevant categories. Remuneration details for Tutors, Coordinators and Line Managers should also be reported.
Once completed, the Line Manager must submit the budget using the HIPPY Budget touchpoint in the Quality & Sublicence Dashboard. For assistance with submitting the budget on ETO, please log a ticket on the portal.
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