Key Performance Indicators

Budget Variance

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

Performance (February 2024):

The budget variance for the month of February was unfavorable at 0.22% over the forecast, mostly due to non-labor expenses. The 2024 Fiscal Year-to-Date (months of July through February) budget variance was unfavorable at 2.87% over the forecast, mostly due to unfavorable variance in contractual services, materials & supplies and other non-labor expenses.