Reading a Budget Variance Report for Special Purpose Fund

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Reading a Budget Variance Report for Special
Purpose Fund
Use keyboard arrows to view
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Budget Variance Report

• Financial statement generated monthly from People
  Soft General Ledger account balances
• Compares monthly and fiscal year-to-date activity
  to department budget by revenue/expense line
  items

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Other Reports to Complement Budget Variance

• Other reports, available in Vista Plus, provide
  transaction level detail in support of account
  balances on budget variance report
• Monthly Accounts Payable Distribution
• Year-to-date Accounts Payable Distribution
• Gross Job Distribution
• Telephone detail available from Pinnacle
• If you or your staff do not currently have access
  to Vista Plus or Pinnacle please complete a
  service request

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Shows budget compared to monthly and fiscal
year-to-date revenues expenses
Reconciles to Gross Distribution Report, Summary
Accruals
Reconciles to Year-to-Date Accounts Payable
Distribution
Reconciles to Monthly Accounts Payable
Distribution
Reconciles to Gross Distribution Report
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Shows all Accounts Payable charges for current
month
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Shows all Accounts Payable charges year-to-date
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Shows a summarized employee earnings and hours
for current pay, month-to-date,
current-year-to-date and fiscal year-to-date
Payroll earnings codes such as regular, sick,
personal, vacation
Net gross salary earnings
Total gross reflects sum of net gross plus
benefit choices through OPT program such as
medical and dental coverage's and insurance
Reconciles to Gross Job Distribution Summary
and Accruals
Reflects Jefferson contribution to FICA
Reconciles to Budget Variance Flex Benefits 6302
Reconciles to Budget Variance Employee FICA 6309
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Shows detailed month-to-date earnings and hours
with accruals
Represents current months earnings and hours
accrual to record expense from last day of last
pay period to last day of month
Represents reverse of prior months earnings and
hours accrual to record expense from last day of
the last pay period to last day of month
Summarizes month-to-date column
Reconciles to previous Gross Job Distribution
Reconciles total Salaries on Budget Variance
Report
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Questions?

• If you have a question about Budget Variance
  activity, please contact your accounting
  representative in the Controllers Office to
  provide assistance.