Below is the variance report

					Prior year
Item	Budget	Actual	Variance	Variance %	Actual
Days in time period	31	31			31
Staffed Beds	20	20			20
Patient days	527	498	(29.0)	-5.5%	415
Total RN FTEs	45.1	50.1	(5.0)	-11.1%	36.7
Revenue:
Gross patient revenue	$460,450	$441.932	($18,518)	-4.0%	$417,883
Personnel Expense:
Total salaries and wages	$171,920	$192,845	($20,925)	-12.2%	$141,552
Benefits	$51,576	$52,797	($1,221)	-2.4%	$42,466
Total personnel expenses	$223,496	$245,642	($22,146)	-9.9%	$184,018
Overtime wages %	2.0%	6.1%			3.2%
Personnel cost PPD	$424	$493	($69)	-16.3%	$327
Personnel cost FTE	$4,960	$4,908	$52	1.1%	$3,697
Non-personnel expense:
Medical Supplies	$23,700	$23,498	$202	0.9%	$21,839
Depreciation	$10,000	$10,000	$0	0.0%	$10,000
Other non-personnel	$3,500	$2,899	$601	17.2%	$2,734
Total non-personnel	$37,200	$36,397	$803	2.2%	$34,573
Total Expenses	$260,696	$282,039	($21,343)	-8.2%	$218,591

Review all components of the report and determine where variances occur, if any. Discuss your conclusions and recommendations as if you are the Nurse Executive reviewing this report with the unit manager