Key Performance Indicators

Budget Variance

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

Performance (December 2018):

The budget variance for the month of December was unfavorable at 0.59% over the forecast, mostly due to unfavorable variances in contractual services and materials costs. The 2019 Fiscal Year-to-Date (months of July through December) budget variance is favorable at 4.73% under the forecast, mostly due to a favorable variance in labor cost.