Key Performance Indicators

Budget Variance

Definition: The difference between the actual operating costs and the budgeted costs. This is a standard measurement for any organization.

Performance (November 2016):

The budget variance for the month of November was unfavorable at 4.56% over the forecast, mostly due to unfavorable variance in labor cost. The 2017 Fiscal Year-to-Date (months of July through November) budget variance is favorable at 1.70% below the forecast, mostly due to favorable variances in labor, contractual services, fuel and material and supplies costs.