Final answer:
A report showing a budget overrun is intended to detail where spending has exceeded the planned budget, providing transparency and accountability in financial management. It shows the discrepancies between expected revenue and actual spending, and highlights areas for financial adjustment or improvement.
Step-by-step explanation:
The question pertains to the intention of a report showing a budget overman. A budget overman may be a typographical error for 'budget overrun,' which is a financial statement that indicates where actual spending has exceeded the planned budget.Budgeting is a critical exercise both for individuals and for various levels of government, including federal, state, and local. The main answer to why detailed budget reports are important is that they provide transparency and accountability for financial decisions and actions. These reports show how much revenue is expected and compare it to the actual spending, thus highlighting any discrepancies.In a broader sense, a budget report might also detail how the spending aligns with policy goals, offer a cost estimate for implementation, and explain changes to existing law or policy. A budget overage report, specifically, would allow stakeholders to see which expenditures were higher than expected and possibly seek ways to rectify the issue, prevent future overages, or justify necessary extra spending.