Expenditure Variance definition
Expenditure Variance means, for any period, the difference between Budget Expenditures and Actual Expenditures for such period which, (x) if Actual Expenditures are less than Budget Expenditures, such result being a negative number and (y) if Actual Expenditures are greater than Budget Expenditures, such result being a positive number.
Examples of Expenditure Variance in a sentence
The Expenditure Variance Report will include the information designated in Section 7.G of this Agreement concerning monthly expenditures, invoices, and non-federal share match requirements.
The Expenditure Variance Report will be consistent with any format designated by the City.
Every one of Contractor’s Expenditure Variance Reports will be certified to be correct by an authorized representative of Contractor and will reference the Contract Control Number of this Agreement as designated below on the City’s signature page.