Key Performance Indicators

Budget Variance

Definition: The difference between the actual operating costs and the budgeted costs. This is a standard measurement for any organization.

Performance (March 2017):

The budget variance for the month of March was favorable at 2.65% below the forecast, mostly due to the favorable variances in labor and utilities costs. The 2017 Fiscal Year-to-Date (months of July through March) budget variance is favorable at 0.67% below the forecast, mostly due to favorable variances in labor, fuel and material and supplies costs.