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City of Washington Board of Adjustment GENERAL EXPLANATION OF VARIANCES City of Washington Ordinance: Chapter 29A variance is not a personal license to the property owner. It is a right that runs
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To fill out a general explanation of variances, follow these steps: 1. Start by providing a brief overview of the variances that need explanation.
02
Break down each variance into its components and identify the factors contributing to the variance.
03
Clearly explain the reasons behind each variance, detailing any unexpected or significant changes.
04
Use data and supporting evidence to justify the explanations provided.
05
Provide a concise summary of the overall impact of the variances on the project, budget, or performance.
06
Review the explanation for clarity, accuracy, and coherence.
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Make any necessary revisions or additions to ensure the explanation is comprehensive and understandable.
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Proofread the final version of the explanation before submitting or sharing it.

Who needs general explanation of variances?

01
General explanation of variances is needed by project managers, financial analysts, accountants, and anyone responsible for monitoring and analyzing variances in financial or performance data.
02
It is also required by stakeholders, such as executives, shareholders, or investors, who seek a clear understanding of the factors influencing the discrepancies.
03
Additionally, regulatory bodies or auditors may require a general explanation of variances to ensure compliance and detect any potential mismanagement or irregularities.
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A general explanation of variances is a document that outlines and provides reasons for discrepancies between expected and actual performance, particularly in financial contexts.
Organizations or individuals who are required to report financial performance or discrepancies in budget forecasts may be required to file a general explanation of variances.
To fill out a general explanation of variances, you typically outline the expected performance, actual performance, the variance amount, and provide an explanation for the discrepancies observed.
The purpose of a general explanation of variances is to provide clarity regarding financial performance, enhance stakeholders' understanding, and facilitate better decision-making based on identified discrepancies.
The report must include the expected performance, actual performance, the variance (difference), and detailed explanations for each identified variance.
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