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WEST CHESTER AREA SCHOOL DISTRICT
Property & Finance Committee Meeting
Monday, December 21, 2020
6:15 p.m.
ZOOM MeetingAGENDA
Approval of November 16, 2020, PFC Minutes (see attached)Mr. BevilacquaReview
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How to fill out review of budget forecast
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Begin by gathering all the necessary financial data for the budget forecast.
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Clearly outline the assumptions and methodologies used in preparing the forecast.
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Document any variances between the forecasted numbers and the actual results.
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What is review of budget forecast?
Review of budget forecast is an evaluation of the accuracy and effectiveness of the projected financial information.
Who is required to file review of budget forecast?
Businesses, organizations, or individuals who create a budget forecast are required to file a review.
How to fill out review of budget forecast?
To fill out a review of budget forecast, one must analyze the actual financial data against the projected budget and provide an analysis of any variances.
What is the purpose of review of budget forecast?
The purpose of review of budget forecast is to ensure that financial decisions are based on accurate and reliable information.
What information must be reported on review of budget forecast?
The review of budget forecast must report on variances between projected and actual financial data, explanations for any discrepancies, and recommendations for adjustments to future forecasts.
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