PART B: Summarise your calculations and ndings in the following report (brief reports on each priority/activity maximum one A4 page each, singlespaced); I Summarise budget deviations and proposed strategy for managing variances in the next financial year I Explain the outcome/impact of respective ratio analyses results. Include your assessment of the nancial potential of the business, its future funding requirements and statutory obligations {if any) I Research and collect data on effective budget management practices (Australian context) I Identify and devise a best practice model, outlining advantages and disadvantages, including changes to existing practices, if any I A review of operating procedures and potential impact at organisation and client/customer levels (of the new budgetary control measures) I Any new stafng requirements (for budget management purposes) and the rationale