Residual Budget Calculation in WKR
The Budget Left After Costs (B) component of the Work-Related Costs (WKR) report is derived from the difference of the Accumulated Budget for the Month (A), which shows the cumulative WKR budget, and the cumulative amount of expenses (C) charged to the WKR budget, thus:
B =A -C
Sample Residual Budget Calculation
|
Month |
January |
February |
|
Accumulated Budget for the Month (WKR Budget) (A) |
9,000 (This amount is derived based on a 300,000 fiscal salary multiplied by 3.0%). |
14,360 (This amount is derived based on a cumulative fiscal salary of 600,000. For information about its calculation, see WKR Budget Calculation. |
|
Other Work-Related Costs (O) |
500 |
1000 |
|
Cumulative Costs (C)
Note:
This component is not displayed in the report. |
500 |
1,500 This amount is a result of O +C. |
|
Budget Left After Costs (B) |
8,500 |
12,860 |
The amount in Residual WKR Budget is, thus, equal to the amount in Budget Left After Costs row of the latest month.