Learning to Read a Budget (Part 2): Reading the Difference

A striking difference draws attention, and is often read straight away as a problem.

Four causes to rule out first

1. A tender that failed and had to be rerun.
2. Unit prices that changed mid-year.
3. Activities that slipped into the next year.
4. Late bookkeeping, not missing money.

Once all four are ruled out and the difference is still large, then the question changes.

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