Budgeting · The variance record · Element
The variance
The difference between actual and budget, per line and period.
The part
What it is
Reported in amount and in percentage, since one large line and one small line with the same percentage variance require different responses.
Cumulative variance matters more than monthly for anything with lumpy spend.
The smallest level
The attributes it carries
Each attribute is one of the framework’s shared types. What a date is, and how it is written, is defined once for the whole model — the note here says what it means in this particular place.