Key Performance Indicators

Budget Variance

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

Performance (December 2023):

The budget variance for the month of December was unfavorable at 16.22% over the forecast, mostly due to retroactive pay increases to represented employees. The 2024 Fiscal Year-to-Date (months of July through December) budget variance was favorable at 3.38% over the forecast, mostly due to unfavorable variance in contractual services cost.