Pad 505 Week 9 Assignment 4: Implementing The Budget

Assignment 4: Implementing the Budget Student Full NameName of University Course Number and NameInstructor NameDateImplementing the BudgetVariance analysis is a quantitative investigation of differences between a planned behavior and the actual behavior. This analysis is used to maintain control over budgets. One of the objectives of budgeting is to provide a base against which actual performance can be compared. It also provides a basis for recommending corrective action if necessary. This comparison provides a clearer understanding of the effects of a budget and helps in deciding what action to take in the future. There are four major causes of budget variance. These include inaccurate budget provisions, changes in actual reality on the ground, change in basis of assumptions and errors in actual results. Budget variance may indicate that the original budget needs to be changed to reflect new circumstances or indicate that action is necessary to stay within the budget (Chen & Weikart, 2014). This paper will provide a variance analysis for City of Worthington School District.. Worthington School District Budget VariancesMonthly variance report for Worthington School District 2013-2014 ACTUALSVARIANCEVARIANCE MONTHLY