LEAT produces burn rates, cash ladders, cost-to-complete estimates and
exposure figures. This page says what they are, and what they are not.
No forecast in LEAT activates a budget, holds a reservation, posts an
entry, releases a payment, waives a restriction or certifies a report.
That is not a policy somebody could change with a setting. There is no
path through the code from a forecast to a decision, and a test fails the
build if anybody adds one.
Each run records the data it read, the moment it read it, the parameters,
the model version, what was missing, and when it expires. If a number
surprises you, the run behind it can be reproduced.
A forecast has a shelf life and disappears when it passes. A six-week-old
liquidity number beside today's balances is two things that do not belong
on the same screen.
Reserved, committed, obligated, actual and settled are tracked
separately, because the same money passes through all of them. A single
burn rate would count one cost several times.
A programme spending less than planned has either found savings or has
not done the work. LEAT shows the number and says whether anybody has
explained which. It does not decide.
We calculate exposure to each currency and how much of it is already
covered by income in the same currency. We do not recommend a hedge, and
nothing in LEAT trades anything. That needs a separate decision by people
with the authority to make it.
