The township shall use the following approaches to monitor the budget, as recommended by the Government Finance Officers Association.
   (A)   The Board shall establish measures of annual progress. These measures should spell out the expected results and outcomes and how they will be measured.
   (B)   The Board shall use periodic financial reporting and performance measures to compare actual versus budgeted results.
   (C)   The Board shall communicate performance results so that township personnel and the public will be informed of the results in an understandable format.
(Board and Administrative Policies Manual, § 4.9)