As experience is gained, the budget committee will develop a sense of what are the needs of the local each year. Until that time arrives there will be changes that will have to be made to the existing budget. The Treasurer is required to make periodic reports on the financial condition of the union’s treasury. The report also should be presented with a corresponding comparative indication of the current budget status. The presentation to the original approval authority will be necessary for granting approval and adoption of the updated or currently amended spending plan.