Why was an item more than X% off the budgeted amount? Is that difference a one-time thing? Is the budget for the year off, and does it need to be adjusted?

  • It’s a good idea to have a percentage difference threshold and request an explanation for any differences that exceed the threshold.
  • Ask questions on line items where there is a large variance from the budgeted amount; or,
  • The line item is carrying a negative balance or it is going backwards.

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