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.

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