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 (December 2017):

The budget variance for the month of December was unfavorable at 3.18% over the forecast, mostly due to the unfavorable variances in labor and contractual services costs. The 2018 Fiscal Year-to-Date (months of July through December) budget variance is favorable at 3.60% under the forecast, mostly due to the favorable variances in labor, fuel and materials costs.