Key Performance Indicators

Budget Variance

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

Performance (June 2022):

The budget variance for the month of June was unfavorable at 1.68% over the forecast, mostly due to an unfavorable variance in contractual services cost. The 2022 Fiscal Year-to-Date (months of July through June) budget variance was favorable at 7.40% under the forecast, due to favorable variances in most cost categories.