YTD IT Spend
Watch$14.6M
Cloud Infrastructure
Unfavorable$2.4M
External Labor
On Track$1.1M
Full-Year Forecast
Watch$35.0M
Headcount
Unfavorable16
Contract Renewals
Unfavorable4
Top Variance Drivers
YTD May 2026 · Root causes of budget variance with recommended actions
Cloud Infrastructure Over Budget
CloudAWS EC2 (production scaling) and GCP Vertex AI (AI/ML workloads) are driving acceleration. Monthly cloud spend has increased each month Jan–May. Full-year overrun projected at $484K at current run rate.
Engage FinOps for EC2 right-sizing and GCP committed-use discount review. Target: $180K annualized savings by Q3.
Cloud Engineering + FinOps · Due Jul 15, 2026
Over Budget
▲ +$202K
+9.2% vs. plan
Cloud Engineering Spend Over Plan
Cloud EngineeringCloud Engineering is the largest over-budget BU at $179K YTD (+6.0% vs. plan). 6 other BUs also tracking over budget.
Schedule budget review with over-budget BU owners before Q2 close. Submit forecast revision.
FP&A · Due Jun 30, 2026
Over Budget
▲ +$179K
+6.0% vs. plan
4 Contractor SOWs Over Budget
External LaborSofia Reyes, James O'Brien, Jordan Alvarez, Carlos Mendoza are over approved SOW budgets by a combined $35K. Scope creep or rate changes require procurement review.
Obtain signed SOW amendments for all over-budget engagements before June 30.
IT Finance / Procurement · Due Jun 30, 2026
Over Budget
▲ +$35K
+8.0% vs. plan
CFO Agent
AI-Generated Executive Summary
IT organization is tracking +3.2% unfavorable versus the approved annual plan through May 2026. Primary drivers are cloud infrastructure acceleration tied to the Nexora AI platform roadmap and scope expansion in external labor. Three vendor contracts require immediate procurement attention before Q2 close.
Key Points
YTD: $14.6M actual vs. $14.1M budget — $458K (+3.2%) unfavorable
Cloud Engineering and Data & Analytics are primary overage drivers
4 of 12 active contractors over approved SOW budget — $35K total excess
5 critical risks flagged — AWS contract expiry (June 30) is highest priority
FinOps program projected to recover $350K in cloud savings in H2
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YTD May 2026
Monthly Spend — Budget vs. Actual vs. Forecast
Jan–May 2026 · All IT cost centers combined
Risk Alerts
13 active · auto-generated by risk engine
Cloud Spend Trending Over Budget
YTD cloud spend is $202K over budget. AWS EC2 and GCP BigQuery are the primary drivers. Full-year overrun projected at $484K.
Impact
$282K
Contract Expiring: Amazon Web Services
Contract ends 2026-06-30. Remaining commitment: $2565K. No auto-renew. Procurement action required immediately.
Impact
$2.6M
Contract Expiring: ServiceNow
Contract ends 2026-08-31. Remaining commitment: $362K. No auto-renew. Procurement action required immediately.
Impact
$362K
Contract Expiring: Okta
Contract ends 2026-08-31. Remaining commitment: $181K. No auto-renew. Procurement action required immediately.
Impact
$181K
+9 more risks · view all on the CFO Summary page
YTD Budget vs. Actuals by Business Unit
Jan–May 2026 · Rows flagged in red exceed $100K unfavorable
| Category / Entity | Actual | Budget | Forecast | Variance |
|---|---|---|---|---|
Infrastructure | $3.7M | $3.6M | $3.6M | ▲$78K+2.2% |
Cloud Engineering | $3.2M | $3.0M | $3.0M | ▲$179K+6.0% |
Security | $2.3M | $2.3M | $2.3M | ▲$48K+2.1% |
Applications | $1.9M | $1.9M | $1.9M | ▲$48K+2.5% |
Data & Analytics | $1.8M | $1.7M | $1.7M | ▲$73K+4.3% |
IT Operations | $1.1M | $1.1M | $1.1M | ▲$9K+0.8% |
Enterprise Architecture | $673K | $650K | $653K | ▲$23K+3.5% |
| Total | $14.6M | $14.1M | $14.2M | ▲$458K+3.2% |
Recommended Actions
6 actions · 3 high priority
Initiate AWS Contract Renewal Negotiation
AWS EDP expires June 30. Engage AWS account team for multi-year commit pricing. Target 15% discount on current run rate.
Review Over-Budget External Labor SOWs
4 contractors are over their approved budgets. Obtain amended SOWs or issue PO amendments before June month-end close.
Cloud Cost Optimization Review
Engage FinOps team to review EC2 right-sizing and BigQuery slot commitments. Estimated savings opportunity: $180K annually.
Deloitte ERP Engagement Close-Out
Contract ends July 31. Ensure all deliverables are accepted, final invoices processed, and knowledge transfer complete.
ServiceNow Renewal or Alternative RFP
Contract expires August 31. Evaluate whether to renew at current rate or issue RFP for ITSM platform alternatives.
Headcount Pipeline Review — Security & Cloud
7 open reqs in Security and Cloud Engineering. Coordinate with TA on target fill dates to reduce contractor dependency.