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Outagamie County Monthly Financial Report |
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The “Variance Analysis” Report details the budget to actual comparison for all department cost centers of the County at the level of control adopted by the County Board. The Budget Year-to-Date column is the County Board approved budget recorded through the end of the month as of the month listed on the top of the report. This is the budget for the cost center/department for the full budget year. The approved budget consists of the original adopted budget plus or minus any County Board approved amendments to-date. The Actual Year-to-Date column is the cumulative total of all actual transactions recorded from the beginning of the year to the end of month listed on the top of the report. For the most part, the County uses a cash basis of recording transactions until year-end when full accrual or modified accrual recording is required. The Variance Year-to-Date column is the difference between the Budget Year-to-Date and Actual Year-to-Date columns.
The “Balance Sheet Lead Schedule” is the balance sheet for all of the individual funds of the County. The Current Year column represents the cumulative total of all actual transactions recorded from the beginning of the year to the end of the month listed on the top of the report. The Prior Year column is the total of all transactions recorded through the same period as of the prior year.
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