Question: Annual budgetary comparison statements for A Governmental Units General Fund are shown in Illustrations. (a) Why do the reported variances differ between these two statements?

Annual budgetary comparison statements for A Governmental Unit’s General Fund are shown in Illustrations.
(a) Why do the reported variances differ between these two statements?
(b) Why does the GASB require governments to include both original and revised budget data in a budgetary comparison statement?

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