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Using budgets to monitor the University income and expenditure

It has already been established that budgets are an important method through which to monitor and control actual versus planned activity. However, to carry this out effectively it is important to spread the budget across the months of the financial year in a realistic manner. This is known as ‘phasing’ the budget. Appropriate phasing of the budget allows for meaningful comparison between actual and planned activity.


Source URL:https://www.finance.admin.cam.ac.uk/policy-and-procedures/financial-procedures/chapter-2-budgetary-planning-control/monitoring/using