Budget Utilization
78.4%
On track for 98% utilization
Target: 95-100%
Optimal
Overall Variance
-1.8%
Favorable
Target: ±2%
Within Target
Forecast Accuracy
92.7%
3.2%
vs last quarter
Target: 90%
Exceeding
Budget Cycle Progress
64%
Next milestone: Jul 15
Start: Jan 1
End: Dec 31
Budget vs Actual Spending
Forecasting Accuracy
92.7%
Forecasting Accuracy
Excellent (90-100%)
Highly reliable forecasts
Good (80-89%)
Acceptable variance
Needs Improvement (<80%)
Significant deviations
Department Budget Status
| Department | Budget | Spent | Remaining | Utilization | Status |
|---|---|---|---|---|---|
| Marketing | $850,000 | $620,000 | $230,000 |
|
On Track |
| R&D | $1,250,000 | $865,000 | $385,000 |
|
On Track |
| Operations | $2,150,000 | $1,980,000 | $170,000 |
|
Monitor |
| Sales | $1,750,000 | $1,550,000 | $200,000 |
|
Monitor |
| IT | $950,000 | $1,020,000 | -$70,000 |
|
Over Budget |
| HR | $650,000 | $420,000 | $230,000 |
|
On Track |
Upcoming Budget Cycles
Q3 Budget Review
All Departments
Preparation
45%
Deadline: Jul 10
Lead: Benjamin Davis
2024 Annual Budget Planning
Strategic Planning
Preparation
28%
Deadline: Aug 25
Lead: Finance Team
Capital Expenditure Budget
Operations & Facilities
Preparation
65%
Deadline: Aug 1
Lead: Operations Director