Key Performance Indicators

Budget Variance

Definition: The difference (measured in percentage terms) between the actual net operating expenses and the budget.

Performance (February 2018):

The budget variance for the month of February was favorable at 2.12% under the forecast, mostly due to favorable variances in labor and fuel costs. The 2018 Fiscal Year-to-Date (months of July through February) budget variance is favorable at 2.92% under the forecast, mostly due to the favorable variances in labor, fuel and materials costs.