Key Performance Indicators

Budget Variance

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

Performance (March 2018):

The budget variance for the month of March was favorable at 8.50% under the forecast, mostly due to favorable variances in labor and fuel costs. The 2018 Fiscal Year-to-Date (months of July through March) budget variance is favorable at 3.55% under the forecast, mostly due to the favorable variances in labor, fuel and materials costs.