Key Performance Indicators

Budget Variance

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

Performance (April 2019):

The budget variance for the month of April was unfavorable at 15.43% over the forecast, mostly due to unfavorable variances in labor and contractual services costs. The 2019 Fiscal Year-to-Date (months of July through April) budget variance is favorable at 0.79% under the forecast, mostly due to favorable variances in labor and materials & supplies costs.