Budget Line

The data model includes measures for approved budget amounts, budget line allocations, expenses incurred, commitments made, expenses recorded, and remaining available budget, all captured in original and reporting currencies. Views such as Budget Line Monitoring, Comparison, Forecast, Variance Analysis, and Trend Analysis provide insights into budget line performance, comparisons, forecasts, variances, and trends for strategic decision-making and planning based on historical data and trends.

Benefits of This Data Model

• Improved Decision-Making: Enables strategic decision-making by providing insights into budget line performance, variances, and trends for effective planning based on historical data.
• Enhanced Monitoring: Allows for real-time monitoring of budget line performance, facilitating quick identification and response to deviations from planned budgets.
• Forecasting Accuracy: Predicts future budget line performance accurately by analyzing historical trends, aiding in proactive budget adjustments and resource allocation.
• Comparative Analysis: Facilitates easy comparison of budget line performance across different dimensions and time periods to identify areas of improvement or concern.
• Strategic Planning: Helps in tracking and visualizing trends in budget line data over time, supporting long-term strategic planning and goal-setting for financial success.

Key Performance Indicators (KPIs)

• Approved Amount Currency: Total approved budget amount in the original currency.
• Approved Amount in Reporting Currency: Total approved budget amount converted to reporting currency.
• Budget Line Amount Currency: Budget amount allocated to a specific budget line in the original currency.
• Budget Line Amount in Reporting Currency: Budget amount allocated to a specific budget line converted to reporting currency.
• Landing Amount Currency: Budget amount received or spent in the original currency.
• Landing Amount in Reporting Currency: Budget amount received or spent converted to reporting currency.
• Pre-committed Amount Currency: Budget amount reserved for specific commitments in the original currency.
• Pre-committed Amount in Reporting Currency: Budget amount reserved for specific commitments converted to reporting currency.
• Committed Amount Currency: Budget amount committed for specific projects or activities in the original currency.
• Committed Amount in Reporting Currency: Budget amount committed for specific projects or activities converted to reporting currency.
• Executed Amount Currency: Budget amount spent or used for projects in the original currency.
• Executed Amount in Reporting Currency: Budget amount spent or used for projects converted to reporting currency.
• Consumed Amount Currency: Budget amount consumed or utilized in the original currency.
• Consumed Amount in Reporting Currency: Budget amount consumed or utilized converted to reporting currency.
• Available Amount Currency: Remaining budget amount available in the original currency.
• Available Amount in Reporting Currency: Remaining budget amount available converted to reporting currency.
• Accrued Expenses Amount Currency: Accrued expenses recorded in the original currency.
• Accrued Expenses Amount in Reporting Currency: Accrued expenses recorded converted to reporting currency.
• CCA Amount Currency: Capital cost allowance (CCA) expenses recorded in the original currency.
• CCA Amount in Reporting Currency: Capital cost allowance (CCA) expenses recorded converted to reporting currency.
• Immobilize Amount Currency: Budget amount immobilized or put on hold in the original currency.
• Immobilize Amount in Reporting Currency: Budget amount immobilized or put on hold converted to reporting currency.

Available Visualizations

View Name	Description
Budget Line Monitoring	Provides real-time monitoring of budget line performance for decision-making.
Budget Line Comparison	Allows comparison of budget line performance across different dimensions and time periods.
Budget Line Forecast	Predicts future budget line performance based on historical data and trends.
Budget Line Variance Analysis	Analyzes and reports on the differences between budgeted and actual values for budget lines.
Budget Line Trend Analysis	Tracks and visualizes trends in budget line data over time for strategic planning.