Budgetary Comparison Reporting

Free CPA BAR (Business Analysis & Reporting) lesson in State and Local Governments. 19 min read, ~2,788 words.

Budgetary comparison reporting demonstrates legal compliance with the appropriated budget and explains variances between planned and actual results. Three columns minimum: original budget, final amended budget, and actual results (a fourth variance column is optional but common). Required for the General Fund and each major special revenue fund that has...