Guide To Services > Read Our Reports > Budget Variance Report
Budget Variance Report
The Budget Variance Report is issued
monthly and provides responsible parties with detailed financial
information in a month-to-date and year-to-date format. Financial data is
displayed in two general categories: revenue (if applicable) and expenses.
All data is displayed by natural account number. A description of the
column headings is noted below.
|
BUDGET |
Indicates the monthly or annual budget for a
particular natural account. Annual budgets can be spread into the
monthly budget using any number of methodologies, i.e., one twelfth,
number of days in the month, seasonal activity, etc. |
|
ACTUAL |
Indicates the actual month-to-date or
year-to-date revenue or expense for a particular natural account. |
|
VARIANCE |
Indicates the dollar variance between the Budget
and Actual columns. |
|
PRIOR YEAR |
Indicates actual amounts for the prior fiscal
year. |
|
ACCT |
Reflects the four-digit natural account number to
which the revenue or expense has been applied. (Note: To obtain the
most benefit from a financial control aspect, actual charges should
be applied to the natural accounts that have been budgeted.) |
|
DESCRIPTION |
Displays the name of the natural account number. |
See a Sample of the Budget Variance Report
|
