Compare expense results with budget expectations

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Compare expense results with budget expectations

Detail may not add to totals due to rounding.

Compare expense results with budget expectations

As a percentage of GDP, receipts equaled The nominal increase in receipts for FY can be attributed primarily to higher net individual income tax receipts, excise taxes, social insurance and retirement receipts, and customs duties, partially offset by lower net corporation income tax receipts, deposits of earnings by the Federal Reserve, and other miscellaneous receipts.

As a percentage of GDP, outlays were Contributing to the dollar increase over FY were higher outlays for Defense, Medicaid, Social Security, disaster relief and flood insurance, Refundable Premium Tax Credits and cost sharing reductions, interest on the public debt, and lower government sponsored enterprises GSE receipts, which are an offset to outlays.

As a percentage of GDP, borrowing from the public grew from Below are explanations of the differences between estimates in the MSR and the year-end actual amounts for receipts and agency outlays. This increase in receipts was the net effect of higher-than-estimated collections of customs duties, excise taxes, estate and gift taxes, corporation income taxes, and other miscellaneous receipts, partially offset by lower-than-estimated collections of individual income tax receipts, deposits of earnings by the Federal Reserve, and social insurance and retirement receipts.

Table 2 displays actual receipts and estimates from the Budget and the MSR by source. Table 3 displays actual outlays by agency and major program as well as estimates from the Budget and the MSR. The largest changes in outlays from the MSR were in the following areas: Delayed congressional action on FY appropriations also generally contributed to lower-than-expected outlays for a number of other Department programs.

The difference was primarily the result of lower-than-anticipated benefits spending during the second half of the year. Actual flood insurance claims for were significantly less than expected.

Excel Budget Forecast vs Actual

In addition, the number of NFIP policyholders increased as a result of the hurricanes and targeted marketing, which led to lower net outlays because of the increased revenue from policyholders.

In addition, FEMA assumed more Community Disaster Loans would be provided to communities impacted by the hurricanes than materialized. Outlays were also lower across many other programs due to delayed action on FY appropriations. Due to the timing of these sales, the spending associated with such collections e.

Once those transactions are fully processed, DOI will transfer the receipts into the associated onshore mineral receipt and expenditure accounts and the spending will occur in FY instead of FY This difference is largely due to changes in the billing cycle for United Nations peacekeeping missions due to upcoming negotiations on assessment rate changes as well as lower outlays for humanitarian assistance, global health programs, and international narcotics control and law enforcement assistance programs due to later-than-expected appropriations action and time needed to develop financial plans.

Compare expense results with budget expectations

The increase was attributable primarily to lower-than-expected receipts of interest from nonbudgetary credit financing accounts, higher interest on the public debt and higher outlays for the Refundable Premium Tax Credit.

These amounts were somewhat offset by lower outlays for interest paid to nonbudgetary credit financing accounts and higher-than-expected dividend receipts from the government-sponsored enterprises GSEs.

The difference was due primarily to higher-than-projected interest paid to Government accounts, particularly interest paid to the Military Retirement Fund. Intragovernmental interest paid to Government accounts has no net impact on total Federal Government outlays.

This is primarily due to higher subsidized enrollment in the Health Insurance Exchanges than previously expected.Compare five to seven expense results with budget expectations, and describe possible reasons for variance. HCS/ Financial Resource Management – Budget Management Analysis 1, to 1,word paper, which includes a cost variance, in which you complete the following: Determine specific strategies to manage budgets within forecasts.

Estimates of Receipts & Expenditure for year ending 31st Dec (Irish Version) Financial Resolutions Report on Tax Expenditures - Department of Finance.

Compare 5 To 7 Expense Results With Budget Expectations Describe Possible Reasons For Variance. Budget Management Analysis Christina Hewett University of Phoenix Financial Resource Management NUR/ Ralph Gigliotti August 03, Budget Management Analysis “Finance should be a fundamental nursing .

- compare several expense results with budget expectations and describe possible reason for variances and strategies to keep results aligned with expectations -describe benchmarking techniques that support avoidance of budget variances and justifies choices of techniques for this purpose.

The Federal budget process also has a distinct timeline that must be followed in order to meet the requirements of The Budget and Accounting Act of and The Government Performance and Results Act of , or GIPRA. Expense Results: Budget Expectations and Variances “Variance analysis is the aspect of budgeting in which actual results are compared with budgeted expectations” (Finkler et al., , p.

). Nurse managers have planned or expected results and actual results that cause a variance in the budget%(12).

Cardlytics Announces Second Quarter Financial Results | Cardlytics