This document is Budget Report Template

It is part of the supporting resources for Assessment Task 2 of SITXFIN003

Budget report

Introduction
Outline the purpose of the report and the time period it covers.

Body
Outline:

 The status of the budget and the variations in relation to what was projected – use
percentages and figures to discuss a detailed account of what has occurred in the overall
actual budget in relation to projections.

 Lessons learned from what has occurred in the past quarter and ideas for how you can
prevent similar situations in the future by improvements that can be made.

 Undertake research to investigate new or different approaches to budget management and

then outline the benefits and advantages of different approaches you could take and how
these approaches may impact on customer service levels or staff.

Recommendations
 Provide recommendations for budget management for the next quarter and provide estimates
for this period.

SITXFIN003 Manage finances within a budget 1