Budget Variance Annual Report, 20XX Line Item Budgeted Amount Actual Amount Percentage of Variance Service Contracts $2,000 $2,500 25.00% Education/Conferences $4,500 $2,400 -46.67% Travel $2,000 $1,750 -12.50% Dues/Memberships $720 $545 -24.31% Subscriptions/Books $600 $250 -58.33% Supplies $600 $725 20.83% Total $10,420 $8,170 -21.59%