Hi Everyone! I have spent most of my accounting experience in the private sector but am now working for a Local Authority and am looking after a large number of budgets. I was surprised to see that our budgetary control system only reports on year to date actuals v budget and not also actual month v budget. I raised this issue a number of times because I feel it is important to be able to focus on our monthly meetings both on the movement for the month and also the year to date position. However all of the Local Authority Managers think I am mad! They can see no benefit whatsoever in having this additional column! I tried to explain in vain that this helps to highlight the movements and also it means that any incremental expenditure is not "lost" in the year to date column. It also means that every time I review the budgets I have to look at the year to date entries in detail over and over again to see the new entries. Can anyone please tell me if I am indeed mad!!! Such a seemingly trivial issue I know, but to me I think the fact that LA Managers can see no merit in this way of working highlights the fact that they do indeed live in a different world!
5th Jul 2022
Monthly Actuals v Budget Columns!
Benefits of having a current month reporting column for budgetary control`
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