Prepare a budget versus actual variance analysis report for the end of March for the community services organisation Discoverer. They made an original assumption based on the respite managers undertaking that a new food expense would be year to date $900 with the actual amount spent $2,700 at the 31.3.20XX. Include food for this month separately on the report for $300 actual and only $100 budgeted. Include whether the amount is favourable (F) or unfavourable (U), show the percentage (%).

Discoverer Co.

Variance Analysis Report

31.3.20XX

Account	Actual	Budget	Assumptions	Variance	%
Previous Year to date
Respite Food
Current month

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2

Prepare a request for budget revision form to accompany the variance report. Note that the request is due to a new program which had an original incorrect assumption.

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3

What role does the governance board play in regard to the budget? (5080 words)