Performance (March 2025):
The
budget variance for the month of March was unfavorable at 24.48% over the forecast,
mostly due to unfavorable variances in labor, contractual services and liability
costs. The 2025 Fiscal Year-to-Date (months of July through March) budget variance
was unfavorable at 14.26% over the forecast, mostly due to an unfavorable
variance in labor and liability costs.
Note: In April 2025, we revised the budget variance
formula in this report to match other Finance reporting. The calculation
previously showed a positive value when over-budget and negative when
under-budget. With this revision, values that are over-budget will be negative
(i.e., unfavorable) and under-budget will be positive (i.e., favorable). This
inversion is the only change, and it matches the calculation to other public
financial reporting at MARTA. It will apply to historical and current values.