A utility surplus and a near-balanced operating budget are the highlights of the City of Saskatoon’s year-end fiscal report. In a release from the city, it touted a surplus of $18.985 million within ...

There is a near-universal assumption in both practice and literature that greater accuracy and management to the budget improves profitability (Libby & Lindsay, 2010; Umapathy, 1987). Prior to this ...

Identify budget overages and savings to forecast future costs more accurately. Use variance analysis to pinpoint operational areas needing financial adjustment. Regularly update budgets based on ...