Key Performance Indicators

Budget Variance

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

Performance (May 2018):

The budget variance for the month of May was unfavorable at 18.05% over the forecast, mostly due to unfavorable variances in labor, contractual services and casualty and liability costs. The 2018 Fiscal Year-to-Date (months of July through May) budget variance is favorable at 1.05% under the forecast, mostly due to the favorable variances in labor, fuel and materials costs.