Finance · Budgeting · Component
The strategy check
Where the money moved compared with last period, and whether that matches what the organisation says its priorities are.
The deliverable
What it is
A stated priority that receives no additional funding was not adopted. The budget is the more reliable statement, because it is the one that binds.
The check takes an hour and is almost never performed, which is why strategies and budgets so often describe different organisations.
One level in
What it is made of
Each element is a constituent part of the component. Follow one to see the attributes it carries.
The movement
How each line changed against the previous period.
3 attributes: Change · Absolute change · Line
LearnThe stated priorities
What the organisation says it is prioritising this period.
3 attributes: Priority · Rank · Budget lines
LearnThe mismatches
Priorities with no funding change, and funding changes with no stated priority.
3 attributes: Mismatch type · Size · Resolution
Learn
Unexplained funding increases show where the organisation is actually going, whatever the plan says.
The other components in budgeting
The budget
The allocation itself — money against lines, with the assumptions that produced each figure.
LearnThe variance record
Actual against budget, with the reason rather than only the number — because the number alone prompts explanation rather than learning.
Learn