AGENT 06 / 50 · FP&A & FORECASTING

Variance Analysis Agent

Compares budgeted spend against actuals for the month and flags any line running past a materiality threshold — the first question every close review starts with.

READS FROMiUL ledger actuals, Budget Planning Agent output

MCP SERVERCore Banking Server

MODELRouted to reasoning-tier open model

HANDS OFF TOMonthly Close Assistant, Management Reporting Agent

RUN THE AGENT

Set budget vs actual, generate the variance

Adjust the budgeted and actual spend — variances beyond the materiality threshold are flagged automatically.

ASSUMPTIONS

Total department budget £300K

Actual spend to date £332K

Materiality threshold 10%

Number of line items 6

£—

Variance to budget

—

Variance %

—

Status

£—

Avg. variance per line

HOW IT WORKS

What the agent actually does

1. Pull budget and actuals	Reads the approved budget from the Budget Planning Agent and month-to-date actuals from the iUL ledger
2. Compute variance	Calculates £ and % variance overall and by line item
3. Apply materiality	Flags any variance beyond the chosen threshold for explanation
4. Hand off	Passes flagged variances to the Monthly Close Assistant for commentary, or the Management Reporting Agent for the board pack

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