Question: Projected budget vs. actual budget

Do you have a projected budget or actual budget? Why?

Asked by sub PTC

Answers:

Advice from PTO Today

lharac writes:

Hi, sub PTC -- The two budgets work together. Your projected budget is what you start with at the beginning of the year—how much you expect to earn from fundraisers and other sources, and the amount you are planning to spend in different areas. Your actual budget is what ends up happening in real life. Ideally they are both reviewed throughout the year so that any significant differences in spending or income can be dealt with.