Budgets are some of the most important documents a business can have. A lot of factors are taken into consideration for the creation of a budget. And after a budget has been put to use, it is also very important to analyse the efficiency of the budget, later on, to know if the budgeting personnel correctly estimated the expected incomes and expenditures beforehand. That is where a Budget Report comes into the picture. It is a detailed study and analysis of how well the budget performed in providing guidance in the previous term, or if there were some other reasons for the deviations in the actual figures at the end of the concerned term when compared with the budgeted figures.
This is the reason a budget report is important as it shows the shortcomings or positives, if any, of the budget after testing the sanctioned budgeted figures against the actual figures. It is a very important tool in the hands of higher management and helps to clearly point out the laxity in the organisational setup. Below we are presenting 18+ Budget Report Examples & Templates for your benefit in this regard.
Reports on background and objectives, projects, financial condition, and many other factors are to be taken into consideration, on the basis of which a report has to be made and the above template demonstrates how it is done so an individual can review their own budget plan.
This monthly budget management report seeks to help the owners manage their organization on the basis of a simple but strict budget. This is one of the examples of the monthly budget templates. You can find of them in Monthly Report Examples & Samples.
Whenever you have to submit a request for fresh grants, you have to submit the previous terms budget allocation and usage report, so that your effectiveness in managing the grant can be analyzed. The above sample template is a pointer to that.
A good report for a municipal corporation is made on the basis of many factors, namely corporate funds, Special Revenue funds, the budget initiatives and mainly the reasons for deviations from the budgeted figures. The above template is a detailed explanation as to what the most important factors are for such budget reports.
The above report seeks to educate the people about the process of financial budget reporting. The process is very simple and easy to do. The people seeking to learn will find valuable information in this example.
A draft budget is a preliminary budget report which is later converted to a final budget report after it has been ratified by the competent authorities. If you want to learn to draft budget report this above template has a lot to learn from. It has the checklists to make sure you are on the proper path. It has budget projection and many other lessons that will make it easy for you to make your budget report with maximum efficiency.
The above is an example of a financial budget reporting. The important elements to consider for the report are mentioned to make it easy for you to understand. So while making your budget report you may use this as a guide.
This above example is the State of Indiana’s Local financial report where they show their initial budget and their expenditure and how much surplus they achieved. A simple template to see and keep in mind for use in a business regarding estimated budgets, it is usually prepared by a library administration where they have to remain within the permissible Maximum Budget escalation figures.
With the development of more and more efficient software systems, it has become easy to produce a report on the basis of inputs. The above template demonstrates with pictures how a software called Oracle can help build accurate Budget reports.
The above is an example of a report that discusses the financial and economic conditions that are not in the hands of the local government and talks about the actions that can be taken to minimize the damage that may be caused by these factors. It is a great example to learn from for anyone seeking to know how to handle crisis caused by external factors.
Budget report is not just one report; it is a report of many examined factors and variables. The above template shows the list of factors that are tested for the making of an accurate budget report.
Budgets that are created for particular projects can also be examined and made reports on, for the improvement of overall efficiency. The assumption costs and its variables, along with their revenues and percent allocated, are all cross-checked as shown in the above template, which is the local budget of a village.
If you are seeking to learn about the revenue report process of a budget and its purpose, the above template example may be of great help to you.
The above template is a guide to making a recurrent budget report for the people who are tasked with it and seek to find out more about how to cross-question the makers to ensure transparency.
This template example is of instructions on how to access and get your report made online. Most companies nowadays have shifted their resources and relevant reports on the internet and prefer that concerned people access them online and work on them accordingly.
The above template demonstrates how to make a budget report with simple easy to follow steps along with detailed instructions and belongs to an educational institution. The factors to examine and consider, all are mentioned for your convenience.
Another example of a software that can analyze and produce accurate budget reports for your company. This information on the software and how to operate it may be helpful for many people seeking to implement a similar budget report system in their organization.
The objectives of a Financial Budget Report are to determine to how well it has been forecasting, manoeuvring, handling legacy costs, reserve funds etc in the initially proposed budget. The overall efficiency of a budget is tested and published in the form of a report card for the convenience of understanding. The above template shows how to do that.
If you seek to build a detailed budget report about the efficiency of your quarterly budget plan, then the above template may be of interest to you. It lists the budgetary variables that are to be taken into consideration. It details the process with the help of the Road Department of a local government.