Free Annual Budget Tracker Template
Annual Budget Tracker
Prepared by: [YOUR NAME]
Date: January 1, 2053
1. REVENUE SOURCES
Source |
Budgeted Amount |
Actual Amount |
Variance |
---|---|---|---|
Sales Revenue |
$500,000 |
$510,000 |
$10,000 |
Grants |
$100,000 |
$95,000 |
-$5,000 |
Other Income |
$25,000 |
$23,000 |
-$2,000 |
Total Revenue |
$625,000 |
$628,000 |
$3,000 |
2. EXPENSES
Category |
Budgeted Amount |
Actual Amount |
Variance |
---|---|---|---|
Salaries and Wages |
$200,000 |
$205,000 |
$5,000 |
Office Supplies |
$20,000 |
$18,500 |
-$1,500 |
Marketing |
$50,000 |
$52,000 |
$2,000 |
Total Expenses |
$270,000 |
$275,500 |
$5,500 |
3. NET INCOME
Category |
Amount |
---|---|
Total Revenue |
$628,000 |
Total Expenses |
$275,500 |
Net Income |
$352,500 |
4. CASH FLOW
Category |
Budgeted Amount |
Actual Amount |
Variance |
---|---|---|---|
Opening Cash Balance |
$50,000 |
$50,000 |
$0 |
Cash Inflows |
$600,000 |
$610,000 |
$10,000 |
Cash Outflows |
$270,000 |
$280,000 |
$10,000 |
Closing Cash Balance |
$380,000 |
$380,000 |
$0 |
5. SUMMARY AND NOTES
-
Net Income: The company achieved a net income of $352,500 for the year, which is above the budgeted amount of $355,000.
-
Revenue Variance: The sales revenue exceeded expectations by $10,000, largely due to increased demand in Q4.
-
Expense Variance: The Marketing expenses were slightly over budget by $2,000, while Office Supplies were $1,500 under budget.
-
Action Plan: The next fiscal year will focus on cost control in areas such as office supplies, while also aiming to maintain strong revenue growth.