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Budget Variance (Up To June.19)

The document analyzes the variance in budget and actual expenditures for Power Grid Company of Bangladesh up to June 2019. It shows figures for 55 line items across categories like salaries, office expenses, repair and maintenance, capital expenditures, and substation equipment and construction. For many line items the actual spending is below budget, with variances ranging from 6.67% to 100%.

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Nur Alahi
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84 views14 pages

Budget Variance (Up To June.19)

The document analyzes the variance in budget and actual expenditures for Power Grid Company of Bangladesh up to June 2019. It shows figures for 55 line items across categories like salaries, office expenses, repair and maintenance, capital expenditures, and substation equipment and construction. For many line items the actual spending is below budget, with variances ranging from 6.67% to 100%.

Uploaded by

Nur Alahi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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POWER GRID COMPANY OF BANGLADESH LTD

GMD, PGCB, BOGRA.


VARIANCE ANALYSIS STATEMENT 2018-19 (Up to 23.06.19.19)

Actual
BUDGET FOR Expenditure
SL.NO. Particulars Variance Variance (%) Remarks
2018-19 (In Lac) (Up to May/19.)
(In Lac)

Salary & Employee Benefits


1 Basic Salary 579.00 432.16 146.84 25.36
2 House Rent 237.60 171.56 66.04 27.79
3 Conveyance Allowance 46.80 34.87 11.93 25.49
4 Employee Gas Charge - -
5 Staff Washing Allonce 1.35 1.01 0.34 25.19
6 Medical Allowance 38.00 25.83 12.17 32.03
7 Servent & Sweeper Allowance - -
8 Residential Electricity 20.00 14.73 5.27 26.35
9 Leave Encashment 72.00 55.63 16.37 22.74
10 Festival Bonus 106.15 79.91 26.24 24.72
11 Incentive Bonus 9.29
Local Training 3.09 3.09
12 Overtime Allowance 26.00 20.17 5.83 22.42
13 Liveries & Uniform 2.90 1.65 1.25 43.10
14 Medical Reimbursement 38.00 18.52 19.48 51.26
15 Shift Allownce 76.98 50.23 26.75 34.75
16 Wages 65.00 50.93 14.07 21.65
17 Charge Allowance 1.80 0.05 1.75 97.22
18 Education Allownce 10.00 7.29 2.71 27.10
19 Dearness Allowance - -
Office Expenses - -
20 Travelling Exp 30.00 21.07 8.93 29.77
21 Conveyance Charges 0.50 0.22 0.28 56.00
22 Cremonial Expenses -
23 Entertainment Expense 1.00 0.32 0.68 68.00
24 Rates & Taxes 15.10 20.56 (5.46) (36.16)
25 Telephone & Fax & Internet 2.70 1.96 0.74 27.41
26 Postage & Courier 0.10 0.03 0.07 70.00
27 Electricity 120.10 76.55 43.55 36.26
28 Gas Charge 0.20 0.14 0.06 30.00
29 Printing & Stationery 4.00 3.13 0.87 21.75
30 Office Furnishing 3.30 3.30 100.00
31 Newspaper & Magazine 0.40 0.22 0.18 45.00
32 Books & Periodicals 0.10 0.10 100.00
33 Sanitation & Cleaning Exp 0.24 0.05 0.19 79.17
34 Crokeries & Cutleries 0.05 0.02 0.03 60.00
35 Petrol, Oil & Lub 8.00 6.30 1.70 21.25
36 Legal Expenses -
37 Honorarium 1.50 2.20 (0.70) (46.67)
38 Security Expenses 180.50 121.66 58.84 32.60
39 Vehicle & Cash Insurance 2.40 1.72 0.68 28.33
40 Transportation hire charge 1.00 1.00 100.00
41 Bank Charges 0.50 0.39 0.11 22.00
42 TQM & OHSAS Expenses 0.50 0.01 0.49 98.00
43 Misc.Exp. -
Repair & Maintenance -
44 R/M-Office Equip & Furniture 7.00 3.80 3.20 45.71
Residual
Balance of R/M-
Substation
i.e,Tk.11.18 lac is
45 R/M-Substation Equipment 18.00 20.97 (2.97) (16.50) for materials
value which was
issued from
Inventory Control
Account.
46 R/M-Vehicle 8.00 4.50 3.50 43.75
47 R/M-Plants & Trans. Line 10.00 10.71 (0.71) (7.10)
48 R/M-Building 50.00 33.31 16.69 33.38
49 Capital Expenditure -
50 Furniture & Fixture 1.00 0.02 0.98 98.00
51 Office Equipment 30.00 18.46 11.54 38.47
52 Computers & Accessories 1.50 1.60 (0.10) (6.67)
POWER GRID COMPANY OF BANGLADESH LTD
GMD, PGCB, BOGRA.
VARIANCE ANALYSIS STATEMENT 2018-19 (Up to 23.06.19.19)

Actual
BUDGET FOR Expenditure
SL.NO. Particulars Variance Variance (%) Remarks
2018-19 (In Lac) (Up to May/19.)
(In Lac)

53 Light Vehicle -
54 Building & Other Civil Construction 130.00 52.75 77.25 59.42
Residual
Balance of R/M-
Substation
i.e,Tk.161.34 lac
is for materials
Substation- (Equipment & Tools and
55 595.00 64.67 530.33 89.13 value which was
Civil Construction)
issued from
Inventory Control
Account and
Received from
H/O.
Residual
Balance of R/M-
Substation
i.e,Tk.731.60 lac
56 Store Materials 101.00 100.63 0.37 0.37
is for materials
Received from
H/O and opening
Balance.
Transmission Line (Equipment &
57 1,205.00 1,205.00 100.00
Tools and Civil Construction)
TOTAL 3,850.27 1,544.89 2,320.85 -

(Mirza Mosharof Hossain) (Md. Shariful Islam )


Asst.Manager (Accts&Admn)(Addl.Charge) Executive Engineer
GMD, PGCB, BOGRA GMD, PGCB, BOGRA
#VALUE! -
#VALUE! - Local Training Up to May.19 Tk 303092 have to reappropriate
#VALUE! -
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#VALUE! -
#VALUE! -
#VALUE! -
#VALUE! -
#VALUE! - 30.15
#VALUE! -
#VALUE! -
#VALUE! -
#VALUE! -
#VALUE! -

11.18 is the materials issued from stores.

#VALUE! -
#VALUE! -
#VALUE! -
#VALUE! -
#VALUE! -
#VALUE! -
#VALUE! -
#VALUE! -
#VALUE! -

99.81+52.57+8.96 TK
materiala received from
226.01
H/O & Issued from
inventory

748.28-16.68=Tk 731.60 Materials received from H/O and opening balance 832.23

#VALUE! -
POWER GRID COMPANY OF BANGLADESH LTD
GMD, PGCB, BOGRA.
BANK BALANCE DESCRIPTION FOR 2018-19

CUMULATIVE UPTO NET FUND REQUIRED


FUND RECEIPT
OPENING BALANCE as on OTHERS FUND AVAILABLE DATE CLOSING BANK FUND REQUIRED FOR AFTER ADJUSTING
DURING THE YEAR
01.07.2018 (In Lac) RECEIPT(In Lac) FUND(In Lac) EXPENDITURE(In BALANCE (In Lac) NEXT 3 MONTHS (In Lac) CLOSING BANK
(In Lac)
Lac) BALANCE (In Lac)
1 2 3 4=1+2+3 5 6 7 8=7-6
206.93 1,000.50 - 1,207.43 1,039.38 168.05 #VALUE! #VALUE!

(Mirza Mosharof Hossain) (Md. Shariful Islam )


Asst.Manager (Accts&Admn)(Addl.Charge) Executive Engineer
GMD, PGCB, BOGRA GMD, PGCB, BOGRA
-
POWER GRID COMPANY OF BANGLADESH LTD
GMD, PGCB, BOGRA.
VARIANCE ANALYSIS STATEMENT 2018-19 .

Actual
Expenditure
BUDGET FOR
SL.NO. Particulars (Up to Variance Variance (%) Remarks
2018-19 (In Lac)
June/19.) (In
Lac)

Salary & Employee Benefits


1 Basic Salary 565.56 432.16 133.40 23.59
2 House Rent 237.60 171.56 66.04 27.79
3 Conveyance Allowance 46.80 34.86 11.94 25.51
4 Employee Gas Charge - -
5 Staff Washing Allonce 1.35 1.01 0.34 25.19
6 Medical Allowance 38.00 25.82 12.18 32.05
7 Servent & Sweeper Allowance - -
8 Residential Electricity 20.00 14.73 5.27 26.35
9 Leave Encashment 72.00 55.63 16.37 22.74
10 Festival Bonus 106.15 79.91 26.24 24.72
11 Incentive Bonus - -
12 Local Training 3.10 3.09 0.01
13 Overtime Allowance 26.00 24.74 1.26 4.85
14 Liveries & Uniform 2.90 1.65 1.25 43.10
15 Medical Reimbursement 38.00 18.52 19.48 51.26
16 Shift Allownce 76.98 52.47 24.51 31.84
17 Wages 65.00 50.93 14.07 21.65
18 Charge Allowance 1.80 0.05 1.75 97.22
19 Education Allownce 10.00 7.29 2.71 27.10
20 Dearness Allowance - -
Office Expenses - -
21 Travelling Exp 30.00 24.69 5.31 17.70
22 Conveyance Charges 0.50 0.24 0.26 52.00
23 Cremonial Expenses -
24 Entertainment Expense 1.00 0.32 0.68 68.00
25 Rates & Taxes 20.56 20.55 0.01 0.05
26 Telephone & Fax & Internet 2.70 2.05 0.65 24.07
27 Postage & Courier 0.10 0.03 0.07 70.00
28 Electricity 120.10 85.39 34.71 28.90
29 Gas Charge 0.20 0.15 0.05 25.00
30 Printing & Stationery 4.00 3.31 0.69 17.25
31 Office Furnishing 3.30 3.30 100.00
32 Newspaper & Magazine 0.40 0.27 0.13 32.50
33 Books & Periodicals 0.10 0.10 100.00
34 Sanitation & Cleaning Exp 0.24 0.05 0.19 79.17
35 Crokeries & Cutleries 0.05 0.02 0.03 60.00
36 Petrol, Oil & Lub 8.00 6.70 1.30 16.25
37 Legal Expenses -
38 Honorarium 2.20 2.09 0.11 5.00
39 Security Expenses 180.50 121.66 58.84 32.60
40 Vehicle & Cash Insurance 2.40 1.72 0.68 28.33
41 Transportation hire charge 1.00 1.00 100.00
42 Bank Charges 0.50 0.43 0.07 14.00
43 TQM & OHSAS Expenses 0.50 0.01 0.49 98.00
44 Misc.Exp. -
Repair & Maintenance -
45 R/M-Office Equip & Furniture 7.00 3.85 3.15 45.00
Residual
Balance of R/M-
Substation
i.e,Tk.97.87 lac is
46 R/M-Substation Equipment 21.27 21.26 0.01 0.05 for materials
value which was
issued from
Inventory Control
Account.
Actual
Expenditure
BUDGET FOR
SL.NO. Particulars (Up to Variance Variance (%) Remarks
2018-19 (In Lac)
June/19.) (In
Lac)

47 R/M-Vehicle 8.00 4.54 3.46 43.25


48 R/M-Plants & Trans. Line 10.71 10.70 0.01 0.09
49 R/M-Building 50.00 45.48 4.52 9.04
50 Capital Expenditure -
51 Furniture & Fixture 1.10 0.97 0.13 11.82
52 Office Equipment 30.00 18.46 11.54 38.47
53 Computers & Accessories 1.60 1.60 - -
54 Light Vehicle -
55 Building & Other Civil Construction 130.00 52.75 77.25 59.42
Residual
Balance of
Substation
i.e,Tk.258.20 lac
is for materials
Substation- (Equipment & Tools and
56 595.00 246.96 348.04 58.49 value which was
Civil Construction)
issued from
Inventory Control
Account and
Received from
H/O.
Residual
Balance of R/M-
Substation
i.e,Tk.731.60 lac
57 Store Materials 101.00 100.63 0.37 0.37
is for materials
Received from
H/O and opening
Balance.
Transmission Line (Equipment &
58 1,205.00 1,205.00 100.00
Tools and Civil Construction)
TOTAL 3,850.27 1,751.30 2,098.97 -

(Mirza Mosharof Hossain) (Md. Shariful Islam )


Asst.Manager (Accts&Admn) Executive Engineer .
GMD, PGCB, BOGRA GMD, PGCB, BOGRA
432.16
171.56
34.86

1.01
25.82

14.73
55.63
79.91

3.09
24.74
1.65
18.52
52.47
50.93
0.05
7.29

24.69
0.24

0.32
20.59
2.05
0.03
85.39
0.15
3.31

0.27

0.05
0.02
6.70
97.87
2.09
121.66
1.72

0.43
0.01

3.85

actual expenses 21.42 and materials issued from store is 11.18


4.50

45.48

0.97
18.46
1.60

52.75

55.81+52.57+8.96+33.66+1
07.20 TK materiala 226.01
received from H/O &
Issued from inventory

748.28-16.68=Tk 731.60 Materials received from H/O and opening balance 832.23

-
POWER GRID COMPANY OF BANGLADESH LTD
GMD, PGCB, BOGRA.
VARIANCE ANALYSIS STATEMENT 2018-19 .

Actual
Expenditure
BUDGET FOR
SL.NO. Particulars (Up to Variance Variance (%)
2018-19 (In Lac)
June/19.) (In 1 month exp
Lac)

Salary & Employee Benefits


1 Basic Salary 565.56 432.16 133.40 23.59 36.01
2 House Rent 237.60 171.56 66.04 27.79 14.30
3 Conveyance Allowance 46.80 34.86 11.94 25.51 2.91
4 Employee Gas Charge - - -
5 Staff Washing Allonce 1.35 1.01 0.34 25.19 0.08
6 Medical Allowance 38.00 25.82 12.18 32.05 2.15
7 Servent & Sweeper Allowance - - -
8 Residential Electricity 20.00 14.73 5.27 26.35 1.23
9 Leave Encashment 72.00 55.63 16.37 22.74 4.64
10 Festival Bonus 106.15 79.91 26.24 24.72 6.66
11 Incentive Bonus - - -
12 Local Training 3.10 3.09 0.01 0.26
13 Overtime Allowance 26.00 24.74 1.26 4.85 2.06
14 Liveries & Uniform 2.90 1.65 1.25 43.10 0.14
15 Medical Reimbursement 38.00 18.52 19.48 51.26 1.54
16 Shift Allownce 76.98 52.47 24.51 31.84 4.37
17 Wages 65.00 50.93 14.07 21.65 4.24
18 Charge Allowance 1.80 0.05 1.75 97.22 0.00
19 Education Allownce 10.00 7.29 2.71 27.10 0.61
20 Dearness Allowance - - -
Office Expenses - - -
21 Travelling Exp 30.00 24.69 5.31 17.70 2.06
22 Conveyance Charges 0.50 0.24 0.26 52.00 0.02
23 Cremonial Expenses - -
24 Entertainment Expense 1.00 0.32 0.68 68.00 0.03
25 Rates & Taxes 20.56 20.55 0.01 0.05 1.71
26 Telephone & Fax & Internet 2.70 2.05 0.65 24.07 0.17
27 Postage & Courier 0.10 0.03 0.07 70.00 0.00
28 Electricity 120.10 85.39 34.71 28.90 7.12
29 Gas Charge 0.20 0.15 0.05 25.00 0.01
30 Printing & Stationery 4.00 3.31 0.69 17.25 0.28
31 Office Furnishing 3.30 3.30 100.00 -
32 Newspaper & Magazine 0.40 0.27 0.13 32.50 0.02
33 Books & Periodicals 0.10 0.10 100.00 -
34 Sanitation & Cleaning Exp 0.24 0.05 0.19 79.17 0.00
35 Crokeries & Cutleries 0.05 0.02 0.03 60.00 0.00
36 Petrol, Oil & Lub 8.00 6.70 1.30 16.25 0.56
37 Legal Expenses - -
38 Honorarium 2.20 2.09 0.11 5.00 0.17
39 Security Expenses 180.50 121.66 58.84 32.60 10.14
40 Vehicle & Cash Insurance 2.40 1.72 0.68 28.33 0.14
41 Transportation hire charge 1.00 1.00 100.00 -
42 Bank Charges 0.50 0.43 0.07 14.00 0.04
43 TQM & OHSAS Expenses 0.50 0.01 0.49 98.00 0.00
44 Misc.Exp. - -
Repair & Maintenance - -
45 R/M-Office Equip & Furniture 7.00 3.85 3.15 45.00 0.32
46 R/M-Substation Equipment 21.27 21.26 0.01 0.05 1.77

47 R/M-Vehicle 8.00 4.54 3.46 43.25 0.38


48 R/M-Plants & Trans. Line 10.71 10.70 0.01 0.09 0.89
49 R/M-Building 50.00 45.48 4.52 9.04 3.79
50 Capital Expenditure - -
51 Furniture & Fixture 1.10 0.97 0.13 11.82 0.08
52 Office Equipment 30.00 18.46 11.54 38.47 1.54
53 Computers & Accessories 1.60 1.60 - - 0.13
54 Light Vehicle - -
55 Building & Other Civil Construction 130.00 52.75 77.25 59.42 4.40

Substation- (Equipment & Tools and


56 595.00 246.96 348.04 58.49 20.58
Civil Construction)

57 Store Materials 101.00 100.63 0.37 0.37 8.39

Transmission Line (Equipment &


58 1,205.00 1,205.00 100.00 -
Tools and Civil Construction)
TOTAL 3,850.27 1,751.30 2,098.97

(Mirza Mosharof Hossain) (Md. Shariful Islam )


Asst.Manager (Accts&Admn) Executive Engineer .
GMD, PGCB, BOGRA GMD, PGCB, BOGRA
Remarks

432.16
171.56
34.86

1.01
25.82

14.73
55.63
79.91

3.09
24.74
1.65
18.52
52.47
50.93
0.05
7.29

24.69
0.24

0.32
20.59
2.05
0.03
85.39
0.15
3.31

0.27

0.05
0.02
6.70
97.87
2.09
121.66
1.72

0.43
0.01

3.85
Residual
Balance of R/M-
Substation
i.e,Tk.97.87 lac is
for materials actual expenses 21.42 and materials issued from store is 11.18
value which was
issued from
Inventory Control
Account.
4.50

45.48

0.97
18.46
1.60

52.75
Residual
Balance of
Substation
i.e,Tk.258.20 lac
is for materials 55.81+52.57+8.96+33.66+1
value which was 07.20 TK materiala 226.01
issued from received from H/O &
Issued from inventory
Inventory Control
Account and
Received from
H/O.
Residual
Balance of R/M-
Substation
i.e,Tk.731.60 lac
748.28-16.68=Tk 731.60 Materials received from H/O and opening balance 832.23
is for materials
Received from
H/O and opening
Balance.
-

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