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Example of a Budgeting Benchmark Dashboard for Public Sector Organizations

What is a Budgeting Benchmark Dashboard?

Budgeting Benchmark Dashboards and Reports are considered strategic planning tools and are used by Executives and Planners to analyze how their institution is performing compared to other similar public sector organizations. Some of the main functionality in this type of comparative report is that it can include any type of benchmark metric for any number of future or historical years. In the example below there are five benchmark KPIs: 1) FTEs compared to other similar entities as well as the average, 2) FTEs in a particular department such a Public Safety compared with the benchmark, 3) FTEs in a Culture and Recreation department compared to the benchmark, 4) Total FTEs for the current year compared to similar entities and the average, and (not visible in the screenshot) 5) Population ten year trend compared to the benchmark average. You find an example of this type of comparative report below.

Purpose of Budget Benchmark Dashboards

Public Sector organizations use Budget Benchmark Dashboards to assist leaders in aligning strategic goals with comparative government organizations. When used as part of good business practices in Planning and Executive departments, a government entity can improve its accuracy when setting budget targets and multi-year goals, and it can reduce the chances that time and investments are wasted on initiatives to achieve unrealistic or that have under-stated goals.

Example of a Budget Benchmark Dashboard

Here is an example of a Budget Benchmark Dashboard with examples of metrics compared to other organizations and averages.

Example of a Budgeting Benchmark Dashboard for Public Sector Organizations

Example of a Budgeting Benchmark Dashboard for Public Sector Organizations

You can find hundreds of additional examples here

Who Uses This Type of Comparative report?

The typical users of this type of comparative report are: Executives, strategic planners, budget officers.

Other Reports Often Used in Conjunction with Budget Benchmark Dashboards

Progressive Planning and Executive departments sometimes use several different Budget Benchmark Dashboards, along with strategic plans, financial budget dashboards, annual budgets, government KPI dashboards and other management and control tools.

Where Does the Data for Analysis Originate From?

The Actual (historical transactions) data typically comes from government scorecards and professional budgeting and planning tools. Sometimes these types of metrics are also entered through the organization’s enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Acumatica, Netsuite and others.

In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.

What Tools are Typically used for Reporting, Planning and Dashboards?

Examples of business software used with the data and ERPs mentioned above are:

  • Native ERP report writers and query tools
  • Spreadsheets (for example Microsoft Excel)
  • Corporate Performance Management (CPM) tools (for example Solver)
  • Dashboards (for example Microsoft Power BI and Tableau)

Corporate Performance Management (CPM) Cloud Solutions and More Examples

Example of a Sources and Uses of Funds Report for Public Sector Organizations

What is a Sources and Uses of Funds Report?

Sources and Uses of Funds Reports are considered essential monthly financial statements and are used by CFOs and controllers to provide and review monthly financials and budget variances. Some of the main functionality in this type of financial report is that it is parameter driven and the user can run it for any department and year/period. Typical columns in the report include: 1) Actual monthly results, 2) Budget, 3) Variance (amount), 4) Variance (percent), Actual Year-to-date (YTD), 5) Budget YTD, 6) YTD budget variance (amount), and 7) YTD budget variance (percent). The rows list revenues and expenses by account as well as sub-totals and Net Surplus/Deficit. You find an example of this type of financial report below.

Purpose of Sources and Uses of Funds Reports

Public Sector organizations use Sources and Uses of Funds Reports to give leaders an account level detail of actual performance versus budget, and enables users to drill down to transactions to answer questions without having to contact accounting to look up data for them. When used as part of good business practices in Accounting departments, a government entity can improve its strategic decisions and streamline financial reporting, and it can reduce the chances that lack of self-service or limited automated reporting slows down actionable decisions.

Example of a Sources and Uses of Funds Report

Here is an example of a Sources and Uses of Funds Report with variance analysis and drill-down.

Example of a Sources and Uses of Funds Report for Public Sector Organizations

Example of a Sources and Uses of Funds Report for Public Sector Organizations

You can find hundreds of additional examples here

Who Uses This Type of Financial report?

The typical users of this type of financial report are: CFOs, controllers, accountants, executives.

Other Reports Often Used in Conjunction with Sources and Uses of Funds Reports

Progressive Accounting departments sometimes use several different Sources and Uses of Funds Reports, along with cash flow statements, balance sheets, fund reports, financial dashboards, trial balances, annual budget models and other management and control tools.

Where Does the Data for Analysis Originate From?

The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Acumatica, Netsuite and others.

In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.

What Tools are Typically used for Reporting, Planning and Dashboards?

Examples of business software used with the data and ERPs mentioned above are:

  • Native ERP report writers and query tools
  • Spreadsheets (for example Microsoft Excel)
  • Corporate Performance Management (CPM) tools (for example Solver)
  • Dashboards (for example Microsoft Power BI and Tableau)

Corporate Performance Management (CPM) Cloud Solutions and More Examples

Example of a Monthly Fund Report for Public Sector Organizations

What is a Monthly Fund Report?

Monthly Fund Statements are considered period end financial statements and are used by government controllers and accountants to review revenues, expenditures and remaining balances by fund. Some of the main functionality in this type of financial report is that it is parameter driven and the user can run it for any year/period and fund. Typical columns in the report include: 1) Adopted budget, 2) Amended budget, 3) Month-do-date (MTD) actual, 4) Year-to-date (YTD) actual, 5)Balance, and 6) Percent remaining (available). The rows list revenues and expenses by account as well as the balance. You find an example of this type of financial report below.

Purpose of Monthly Fund Statements

Public Sector organizations use Monthly Fund Statements to provide managers with a clear picture of the current financial status for each fund. When used as part of good business practices in Accounting departments, a government entity can improve its fund reporting and analysis, and it can reduce the chances that actual results deviate more than expected from budgets.

Example of a Monthly Fund Statement

Here is an example of a Monthly Fund Statement with actual, budget and remaining balance information.

Example of a Monthly Fund Report for Public Sector Organizations

Example of a Monthly Fund Report for Public Sector Organizations

You can find hundreds of additional examples here

Who Uses This Type of Financial report?

The typical users of this type of financial report are: CFOs, controllers, accountants, executives.

Other Reports Often Used in Conjunction with Monthly Fund Statements

Progressive Accounting departments sometimes use several different Monthly Fund Statements, along with cash flow statements, balance sheets, sources and uses of funds, fund dashboards, trial balances, annual budget models and other management and control tools.

Where Does the Data for Analysis Originate From?

The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Acumatica, Netsuite and others.

In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.

What Tools are Typically used for Reporting, Planning and Dashboards?

Examples of business software used with the data and ERPs mentioned above are:

  • Native ERP report writers and query tools
  • Spreadsheets (for example Microsoft Excel)
  • Corporate Performance Management (CPM) tools (for example Solver)
  • Dashboards (for example Microsoft Power BI and Tableau)

Corporate Performance Management (CPM) Cloud Solutions and More Examples

Example of a Balance Sheet by Fund Report for Public Sector Organizations

What is a Balance Sheet by Fund Report?

Balance Sheet Reports that break out funds across columns are considered period end financial statements and are used by controllers and accountants to present funds in a side by side format. Some of the main functionality in this type of report is that it is filtered by the year/period parameter chosen by the user and both the rows and the columns are driven by dynamic ranges that automatically can include new accounts (object codes) or funds created during the year. This is often a problem with legacy reporting tools or manual spreadsheet models where users must remember to manually insert new items that were created in the ERP system. The report can also be set up to include charts and indicators. You find an example of this type of report below.

Purpose of Balance Sheet by Fund Reports

Public Sector organizations use Balance Sheet by Fund Reports both because it is often a required report format by the institution and to make it easy for managers and external users to review fund balances side-by-side. When used as part of good business practices in Accounting departments, a government entity can improve its monthly and annual report preparation process, and it can reduce the chances that comes with using static legacy reporting tools.

Example of a Balance Sheet by Fund Report

Here is an example of a Balance Sheet by Fund Report with Funds listed across the columns and a typical row layout.

Example of a Balance Sheet by Fund Report for Public Sector Organizations

Example of a Balance Sheet by Fund Report for Public Sector Organizations

You can find hundreds of additional examples here

Who Uses This Type of Report?

The typical users of this type of report are: CFOs, controllers, accountants, executives.

Other Reports Often Used in Conjunction with Balance Sheet by Fund Reports

Progressive Accounting departments sometimes use several different Balance Sheet by Fund Reports, along with cash flow statements, sources and uses of funds, fund detail reports, trial balances, KPI reports and other management and control tools.

Where Does the Data for Analysis Originate From?

The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Acumatica, Netsuite and others.

In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.

What Tools are Typically used for Reporting, Planning and Dashboards?

Examples of business software used with the data and ERPs mentioned above are:

  • Native ERP report writers and query tools
  • Spreadsheets (for example Microsoft Excel)
  • Corporate Performance Management (CPM) tools (for example Solver)
  • Dashboards (for example Microsoft Power BI and Tableau)

Corporate Performance Management (CPM) Cloud Solutions and More Examples

Example of a Grant Budget Input Model for Public Sector Organizations

What is a Grant Budget Input Model?

Grant Budget Models are considered key building blocks of annual budgets for any organization that receives grants. These models are used by grant managers and budget officers to enter the detailed revenues and expenses associated with each grant. Some of the main functionality in this type of budget input template is that it is parameter driven and can be detailed down to department, function, program and grant. The user can select one or several grants and the form then automatically starts each section with grant ID and grant name. The user can then enter the detailed categories of revenues and expenses by month. On the bottom right the remaining grant balance is automatically calculated and displayed as an a real time guide for the user. You find an example of this type of budget input template below.

Purpose of Grant Budget Models

Public Sector organizations use Grant Budget Models to capture all the important revenue and expense details that is important to plan for the funding and uses of each grant. When used as part of good business practices in Grant and Budgeting & Planning departments, a government entity can increase its grant revenues as well as improve their budget accuracy, and it can reduce the chances that grants are lost or reduced due to lack of detailed and high quality budgets.

Example of a Grant Budget Model

Here is an example of a Grant Budget input form with entry of monthly revenue and expense line items.

Example of a Grant Budget Input Model for Public Sector Organizations

Example of a Grant Budget Input Model for Public Sector Organizations

You can find hundreds of additional examples here

Who Uses This Type of Budget input template?

The typical users of this type of budget input template are: Grant managers, executives, budget managers, department heads.

Other Reports Often Used in Conjunction with Grant Budget Models

Progressive Grant and Budgeting & Planning departments sometimes use several different Grant Budget Models, along with grant reports, grant dashboards, general ledger and line item expense input forms, employee (human capital) and headcount forms, sources of funds input forms, budget analysis dashboards and other management and control tools.

Where Does the Data for Analysis Originate From?

The Actual (historical transactions) data typically comes from grant management systems and enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Acumatica, Netsuite and others.

In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.

What Tools are Typically used for Reporting, Planning and Dashboards?

Examples of business software used with the data and ERPs mentioned above are:

  • Native ERP report writers and query tools
  • Spreadsheets (for example Microsoft Excel)
  • Corporate Performance Management (CPM) tools (for example Solver)
  • Dashboards (for example Microsoft Power BI and Tableau)

Corporate Performance Management (CPM) Cloud Solutions and More Examples

Example of a Capital Project Budget for Public Sector Organizations

What is a Capital Project Budget for Governments?

Capital Project Budgets are considered an essential component of government capital improvement planning (CIP) and annual budgets, and are used by department managers and budget officers to create proposed financial budgets. Some of the main functionality in this type of budget input template is that it is parameter driven and can be detailed down to department, function, program and project. The user can select project and specify fields like project manager (if known), and then enter the budget by expense type and month. On the far right of the template there is a comment field to add any important notes. You find an example of this type of budget input template below.

Purpose of Capital Project Models

Public Sector organizations use Capital Project Models to capture all the important expense details for CIP projects. When used as part of good business practices in Budgeting and Planning departments, a government entity can improve its capital improvement planning and related budget accuracy, and it can reduce the chances that projects are executed and then stalled because of poor financial planning.

Example of a Capital Project Model

Here is an example of a Capital Project Budget input model with text comments and totals.

Example of a Capital Project Budget for Public Sector Organizations

Example of a Capital Project Budget for Public Sector Organizations

You can find hundreds of additional examples here

Who Uses This Type of Budget input template?

The typical users of this type of budget input template are: Executives, Budget Managers, department heads.

Other Reports Often Used in Conjunction with Capital Project Models

Progressive Budgeting and Planning departments sometimes use several different Capital Project Models, along with general ledger and line item expense input forms, employee (human capital) and headcount forms, revenue budget forms, budget analysis dashboards, project dashboards, CIP dashboards and other management and control tools.

Where Does the Data for Analysis Originate From?

The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Acumatica, Netsuite and others.

In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.

What Tools are Typically used for Reporting, Planning and Dashboards?

Examples of business software used with the data and ERPs mentioned above are:

  • Native ERP report writers and query tools
  • Spreadsheets (for example Microsoft Excel)
  • Corporate Performance Management (CPM) tools (for example Solver)
  • Dashboards (for example Microsoft Power BI and Tableau)

Corporate Performance Management (CPM) Cloud Solutions and More Examples

Example of an Expense Budget Review and Adjustment Model for Government Organizations

What is an Expense Budget Review and Adjustment Model?

Expense Budget Review and Adjustment models are considered a central part of annual budgets and are used by budget managers and reviewers to manage budget requests and historical data and to provide proposed adjustments. Some of the main functionality in this type of budget template is that it displays historical actual and budget expenses and provides input (yellow cells in the provided example) of proposed increases/decreases with commentary. The template shown in the screenshot below has the following information: 1) Two years of actual data, 2) Last year’s adopted budget, 3) Baseline budget (often a copy of last year’s adopted budget) and departmental adjustments which is added up to the department requested expense budget for the current annual budget process, 4) Amount and/or percent adjustments by the Budget Manager’s Office, 5) Adjustments from the Executive office, and 6) Adjustments from the Board. Not visible in the screenshot are also comment input fields for each of the reviewers as well as Line Item Detail, Capex and Payroll input forms where users can enter and document each item that rolls up to a general ledger account. You find an example of this type of budget template below.

Purpose of Expense Budget Review and Adjustment Models

Public Sector organizations use Expense Budget Review and Adjustment Models to enable an efficient budget process with easy audits and automated workflow. When used as part of good business practices in Budgeting and Planning departments, a government entity can improve its expense budget accuracy, and it can reduce the chances that comments and adjustments are poorly communicated or lost during the budget process.

Example of a Expense Budget Review and Adjustment Model

Here is an example of an Expense Approval and Adjustment input form with text comments.

Example of an Expense Budget Review and Adjustment Model for Government Organizations

Example of an Expense Budget Review and Adjustment Model for Government Organizations

You can find hundreds of additional examples here

Who Uses This Type of Budget template?

The typical users of this type of budget template are: Executives, Budget Managers, department heads.

Other Reports Often Used in Conjunction with Expense Budget Review and Adjustment Models

Progressive Budgeting and Planning departments sometimes use several different Expense Budget Review and Adjustment Models, along with revenue input forms, employee (human capital) and headcount forms, capital (Capex) budget forms, budget analysis dashboards and other management and control tools.

Where Does the Data for Analysis Originate From?

The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Acumatica, Netsuite and others.

In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.

What Tools are Typically used for Reporting, Planning and Dashboards?

Examples of business software used with the data and ERPs mentioned above are:

  • Native ERP report writers and query tools
  • Spreadsheets (for example Microsoft Excel)
  • Corporate Performance Management (CPM) tools (for example Solver)
  • Dashboards (for example Microsoft Power BI and Tableau)

Corporate Performance Management (CPM) Cloud Solutions and More Examples

Example of a Revenue Budget Review and Adjustment model for Public Sector Organizations

What is a Revenue Budget Review and Adjustment model?

Revenue Budget Review and Adjustment input forms are considered a key part of annual budget models used as a best practice by government entities. These templates used by budget managers and reviewers to review budget requests along with historical data and to enter proposed adjustments. Some of the main functionality in this type of budget template is that it displays historical actual and budget data and provides input of proposed increases/decreases with commentary. The example below has the following information: 1) Two years of actual data, 2) Last year’s adopted budget, 3) Baseline budget (can be a copy of last year’s adopted budget) and departmental adjustments which is added up to  departments’ requested budget for the current budget process, 4) Amount and/or percent adjustments by the Budget Manager’s Office, 5) Adjustments from the Executive office, and 6) Adjustments from the Board. Not visible in the screenshot are also comment input fields for each of the reviewers. You find an example of this budget template below.

Purpose of Budget Review and Adjustment Models

Public Sector organizations use Budget Review and Adjustment Models to enable a highly structured budget process with automated documentation and workflow. When used as part of good business practices in Budgeting and Planning departments, a government entity can improve its revenue budget accuracy, and it can reduce the chances that comments and adjustments are poorly communicated or lost during the budget process.

Example of a Budget Review and Adjustment Model

Here is an example of a Revenue Review and Adjustment input form with automatically displayed historical data and input of text comments.

Example of a Revenue Budget Review and Adjustment model for Public Sector Organizations

Example of a Revenue Budget Review and Adjustment model for Public Sector Organizations

You can find hundreds of additional examples here

Who Uses This Type of Budget template?

The typical users of this type of budget template are: Executives, Budget Managers, department heads.

Other Reports Often Used in Conjunction with Budget Review and Adjustment Models

Progressive Budgeting and Planning departments sometimes use several different Budget Review and Adjustment Models, along with general ledger and line items expense input forms, employee (human capital) and headcount forms, capital budget forms, budget analysis dashboards and other management and control tools.

Where Does the Data for Analysis Originate From?

The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Acumatica, Netsuite and others.

In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.

What Tools are Typically used for Reporting, Planning and Dashboards?

Examples of business software used with the data and ERPs mentioned above are:

  • Native ERP report writers and query tools
  • Spreadsheets (for example Microsoft Excel)
  • Corporate Performance Management (CPM) tools (for example Solver)
  • Dashboards (for example Microsoft Power BI and Tableau)

Corporate Performance Management (CPM) Cloud Solutions and More Examples

Expense Budget Model for State and Local Government Example

What is an Expense Budget Model for State and Local Government?

Expense Budget input forms are considered a key part of annual budget models and are used by budget managers and department heads to enter planned expenses for the next fiscal year. Key functionality in this type of budget template displays multiple years of history as well as prior year’s adopted expense budget. Department managers can adjust the provided baseline budget up or down by a percent or amount. They can also document any important information using the comment fields on each row, and they can enter detail below the GL account level as seen on the input screen. You will find an example of this type of budget template below.

Purpose of Expense Budget Models

State and local governments use Expense Budget Models to easily capture planned expenses, including at the line item detail level with justifications. When used as part of good business practices in a Budgeting and Planning department, a government can improve its annual budget process, as well as, reduce the chances that users neglect to document important funding requests or that the organization doesn’t have time to provide multiple budget iterations or scenarios.

Expense Budget Model Example

Here is an example of an Expense Budget input form.

Expense Budget Model for State and Local Government Example

Expense Budget Model for State and Local Government Example

You can find hundreds of additional examples here.

Who Uses This Type of Budget Template?

The typical users of this type of budget template are: Budget Managers, department heads.

Other Budget Templates Often Used in Conjunction with Expense Budget Models

Progressive Budgeting and Planning Departments sometimes use several different Expense Budget Models, along with payroll input forms, capital budget forms, revenue models and other management and control tools.

Where Does the Data for Analysis Originate From?

The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Acumatica, Netsuite and others.

In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.

What Tools are Typically used for Reporting, Planning and Dashboards?

Examples of business software used with the data and ERPs mentioned above are:

  • Native ERP report writers and query tools
  • Spreadsheets (for example Microsoft Excel)
  • Corporate Performance Management (CPM) tools (for example Solver)
  • Dashboards (for example Microsoft Power BI and Tableau)

Corporate Performance Management (CPM) Cloud Solutions and More Examples

Revenue Budget Model for State and Local Government Example

What is a Revenue Budget Model for State and Local Government?

Revenue input forms are considered a key part of annual budget models and are used by budget managers and department heads to capture expected incoming revenue streams for the next fiscal year. Key functionality in this type of budget template displays multiple years of history, as well as, prior year’s adopted revenue budget. Department managers can adjust the provided baseline budget up or down by a percent or an amount. They can also document any important information using the comment fields on each row. You will find an example of this type of budget template below.

Purpose of Revenue Budget Models

State and local governments use Revenue Budget Models to enable users to provide the best possible revenue estimates based on information displayed in the form and minimize questions by providing text comments. When used as part of good business practices in a Budgeting and Planning department, a government can improve its budget accuracy, as well as, reduce the chances that major surprises occur due to missed budget targets.

Revenue Budget Model Example

Here is an example of a Revenue Budget input form.

Revenue Budget Model for State and Local Government Example

Revenue Budget Model for State and Local Government Example

You can find hundreds of additional examples here.

Who Uses This Type of Budget Template?

The typical users of this type of budget template are: Budget Managers and department heads.

Other Budget Templates Often Used in Conjunction with Revenue Budget Models

Progressive Budgeting and Planning Departments sometimes use several different Revenue Budget Models, along with payroll input forms, operating expense budget models and other management and control tools.

Where Does the Data for Analysis Originate From?

The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Acumatica, Netsuite and others.

In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.

What Tools are Typically used for Reporting, Planning and Dashboards?

Examples of business software used with the data and ERPs mentioned above are:

  • Native ERP report writers and query tools
  • Spreadsheets (for example Microsoft Excel)
  • Corporate Performance Management (CPM) tools (for example Solver)
  • Dashboards (for example Microsoft Power BI and Tableau)

Corporate Performance Management (CPM) Cloud Solutions and More Examples