Question

Finish the following variance report with the information given

Commitments - salaries: $-315,587, grants: $100,213, O&M: $45,856

Projections - salaries: $-52,000, grants: $410,213, O&M: $14,856

	Annual budget	YTD expenditures	YTD commitments	Projected expenditures	Year end projection	year end % variance
Salaries	525,000	152,347
Grants	1,250,000	785,625
O&M	333,000	115,478
total	2,108,000	1,053,450

Answer 1

Particulars	Annual budget	YTD expenditures	YTD commitments	Projected expenditures	Year end projection	year end % variance
Salaries	525,000	152,347	315,587	52,000.00	519,934	1%
Grants	1,250,000	785,625	100,213	410,213.00	1,296,051	-4%
O&M	333,000	115,478	45,856	14,856.00	176,190	47%
Total	2,108,000	1,053,450	461,656	477,069	1,992,175	5%
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