Watch The State Budget Process https://www.youtube.com/watch?v=dt_yubkp4HI and then please respond to the following:

• After watching the steps in the budgeting process summarized in the NASBO presentation, analyze why the variances reported in the "final" budget-to-actual comparisons may not be valuable in revealing the reliability of the budget estimates made at the start of the year. Why do you speculate this to be true?