Key Performance Indicators

Budget Variance

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

Performance (February 2019):

The budget variance for the month of February was unfavorable at 5.25% over the forecast, due to unfavorable variances in labor, contractual services, fuel and materials costs. The 2019 Fiscal Year-to-Date (months of July through February) budget variance is favorable at 3.34% under the forecast, mostly due to a favorable variance in labor cost.