2.1 Explain how sources of funding can be used to construct the budget in an adult care service

Qualification: Level 4 Certificate in Principles of Leadership and Management for Adult Care (RQF)
Unit: Unit 12: Resource Management in Adult Care
Learning outcome: 2 Understand financial management arrangements
Assessment criteria: 2.1 Explain how sources of funding can be used to construct the budget in an adult care service

• Sources of funding for an adult care service can include funding from the local authority, government grants, direct payments, and donations
• Values for the sources of funding will represent the income that the service will receive
• The income can then be allocated to different spending budgets
• Budgets might include staff salaries, equipment, consumables, employee expenses (e.g fuel etc.) and training
• Some sources of funding may have restrictions relating to how the money can be spent