Utilities Operations & Maintenance Budgeting
This workflow template illustrates the development, presentation and approval of annual and monthly budgets for utilities operations and maintenance (O&M) functions, including expense trend analysis and monthly budgetary reporting. 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 Utilities Operations & Maintenance Budgeting processes.
Related KPIs : Number of Budget Iterations, Number of Line Items in Budget, Budget Variance
What is Utilities Operations & Maintenance Budgeting?
The Utilities Operations & Maintenance (O&M) Budgeting process involves coordination between accountants, utilities project managers, or leads, and senior business executives to develop, analyze, approve and monitor O&M budgets. Accounting team members and senior executives collaborate to produce the initial annual budget. Once the annual budget has been refined and approved, it is use to develop various monthly budgetary reporting and analysis tools, including dashboards that are visible to various units throughout the company. When significant deviations from the planned budget are identified in these reports, company project management and finance team members meet o determine why the variance exists, and to outline potential solutions.
Download a Sample Utilities Operations & Maintenance Budgeting
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