1. Budget Variance Reports for the Board 2. Budget Variances Reports for Department Managers Regarding the report shown to the Board: Page 1 shows variances for key operating statistics. Page 2 is known as a "walk forward report". It starts with the original budget amount for profit ($1872) and walks the reader forward through the major changes that led to the actual operating profit. Page 3 shows detailed variances for the budget. What did you find interesting on this report