Key Performance Indicators

Budget Variance

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

Performance (December 2022):

The budget variance for the month of December was favorable at 0.04% under the forecast, mostly due to a favorable variance in labor cost. The 2023 Fiscal Year-to-Date (months of July through December) budget variance was favorable at 4.43% under the forecast, mostly due to favorable variances in labor and contractual services costs.