Interpreting Budget Reports

Below is a sample of a Budget Report.  Every Club Sport President will get a copy of their Budget Report e-mailed to them at the middle of every month.  The report will reflect all the budget transactions that occurred during the previous month.  It also includes year to date postings.  It is important to check your budget reports carefully to make sure all payments and reimbursements are accurate.  If you have questions regarding your report please contact Joyce.

Sample of Page 1

1.  This item indicates what type of report is being produced and what month and year it is for.

2.  This item has the name of the report, the program code and name of the corresponding Club Sport.

3.  The program code is five digit account number that is assigned to each Club Sport.

4.  Name of the Club Sport

5.   This number indicates the dollar amount that is available in your budget at the beginning of the reporting       period.   Prentices around the number indicates a positive balance and funds are available to spend.  If       there are no prentices around the number then no funds are available and the budget has a deficit.

6.  This number represents the total dollar amount that was spent during the current period.  If a dollar       amount is not present then no funds were spent.

7.  This number indicates the ending balance for the reporting period.  The dollar amount shown will carry              over to the next reporting period and become the beginning balance.

8.  This line shows all of the total balances for the reporting period.