Retrospective Budget Monitoring

Management Reports > Budget Monitoring Reports > Retrospective Budget Monitoring

The Budget Monitoring Summary report always reports the current position.  For management purposes, it is more normal to report the position as it was at the end of the previous month.  The ‘Retrospective Budget Monitoring’ report fulfils this requirement.

The selection criteria form is shown below:

Selection Criteria

The report can be run by selecting the month end to be reported.

Budget

Either the ‘Annual Budget’, or the ‘Budget – Year to Date’ may be selected.  By selecting the ‘Budget – Year to Date’ any variance will be the under/over position as at the month end, which can be very useful for management purposes.

Include Capital Expenditure

Tick to include capital expenditure.  See Capital Expenditure for a full explanation.

Show Category Totals only

If this option is ticked, individual department figures are suppressed and only department category totals are shown.

Show Current Forecast 

A possible variation of the report is to show a ‘current forecast’ for the year.  This is maintained using the ESFA Budget Forecast facility.  The method of maintaining a forecast is explained later in this document.