Capital Budgeting & Reporting (Utilities)
This workflow template illustrates the development and of annual budgets for utilities (electric and gas) projects, including cash flow forecasting, senior management review and monthly reporting of actual versus projected costs and cash flows. Purchase and download this template in PDF, PowerPoint (PPT) and Visio (VSD) formats. You can customize it to fit your own organization, or simply use it to better understand Capital Budgeting & Reporting processes.
Related KPIs : Cycle Time: Cash Forecasting, Number of Budget Iterations, Number of Line Items in Budget
What is Capital Budgeting & Reporting (Utilities)?
The Capital Budgeting & Reporting process involves coordination between project accountants/coordinators, project managers/leads and senior management to develop and annual budgets used to manage electric and natural gas utilities projects. Accountants and project leads jointly develop the initial budget based on current projects and expected cash flows. That budget is then sent to senior management for approval. If the budget is approved, it is uploaded into the appropriate systems for use in project reporting and analysis. Budget reports are published on a monthly basis and are used to measure planned versus actual spending. If there is a major variance, a meeting between senior management and project leads is typically held to address any potential issues.
Download a Sample Capital Budgeting & Reporting (Utilities)
Frequently Asked Questions
Q: How do you create your Workflow Templates?
A: From real-world consulting engagements with Fortune 500 leaders. We’ve spent 25 years analyzing operations at hundreds of leading companies worldwide, documenting thousands of business processes at precise levels of detail. We’ve anonymized this data—drawn from millions of dollars’ worth of consulting assignments—and have made it available to you in easy-to-use templates at affordable OpsDog prices.
Q: What can a Workflow Template do for me?
A: Boost productivity, efficiency, and service levels! Broken business processes—marked by manual workarounds, downtime, and errors—are all too common. Many businesses write off this waste as “the cost of doing business.” But you know better than that! Simply select the OpsDog Workflow Template that best fits your situation, tweak it to your liking, and then use it to train employees, identify process improvements, inform an IT project, or re-design a workflow. That’s a lot of power in your hands, cheap!
Q: What’s in the box when I buy one?
A: Three handy versions, all in one zipped file. It’s yours to download immediately upon purchase, and includes your chosen Workflow Template in PDF format, plus Microsoft PowerPoint (which you can edit), and Visio (which you can also edit).
Q: Your download-able templates look great. But I need something custom. Can you help?
A: Heck yes. Our analysts would be happy to provide you with a more detailed Workflow Template than what we offer for instant download. We can also develop an entirely new, customized Workflow Template to fit your business; we specialize in this stuff and would love to help you! Simply email us (firstname.lastname@example.org) or call us at 866.650.2888 and one of our friendly professionals will be happy to answer all your questions.