Budget vs Actual: Variances the Committee Understands
This lesson is part of the course
In this lesson
You phase the annual budget to the months elapsed, calculate variances that are positive when they are good news for both income and expense lines, express them in % and flag the lines the committee must review.
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Lessons in this course
- Membership Categories and Fee Income Locked
- Sibling Discounts and the Family Cap Locked
- Joining Mid-Season: Pro-Rata Fees Locked
- Chasing Unpaid Fees: Arrears and Ageing Locked
- Budget vs Actual: Variances the Committee Understands Locked
- Tournament Fundraiser: Profit and Break-Even Locked
- What Does a Team Cost? Facility Hours and Overheads per Player Locked
- Capstone: The Season Cash Plan and the Lowest Balance Locked