Key Performance Indicators

Budget Variance

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

Performance (April 2018):

The budget variance for the month of April was unfavorable at 1.72% over the forecast, mostly due to unfavorable variances in labor and contractual services costs. The 2018 Fiscal Year-to-Date (months of July through April) budget variance is favorable at 3.03% under the forecast, mostly due to the favorable variances in labor, fuel and materials costs.