Key Performance Indicators

Budget Variance

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

Performance (June 2023):

The budget variance for the month of June was unfavorable at 2.57% over the forecast, due to unfavorable variances in labor and contractual services costs. The 2023 Fiscal Year-to-Date (months of July through June) budget variance was favorable at 0.65% under the forecast, mostly due to favorable variances in labor and materials and supplies costs.

Please note that FY2023 Year-to-Date numbers are preliminary and subject to change once the annual financial audit is complete.