Performance Report Assignment
	YTD Budget	YTD Actual	Variance
Expenses
Food Costs	$1,055,575	$1,108,575	$53,000	over budget for expenses
Other Direct Expenses	$138,425	$139,513	$1,088	over budget for expenses
Management Payroll	$321,572	$323,069	$1,497	over budget for expenses
Employee Labor (Including Temp help)	$853,492	$949,200	$95,708	over budget for expenses
Gross Food and Nutrition Costs	$2,369,064	$2,520,357	$151,293	over budget for expenses
Revenues and Credits	YTD Budget	YTD Actual	Variance
Caf and Vending Cash Sales	$1,134,859	$1,034,750	-$100,109	under budget for revenues
Other Meals and Credits	$290,911	$269,536	-$21,375	under budget for revenues
Nourishments and Supplements	$4,763	$4,304	-$459	under budget for revenues
Total Revenue and Credits	$1,430,533	$1,308,590	-$121,943	under budget for revenues
Food and Nutrition Costs (exp less rev)	$938,531	$1,211,767	$273,236	over budget for planned loss
Net Cost Per Patient Day	$19.65	$23.70	$4.05	over budget
Total Patient Days	47,768	51,139	3,371	more total patient days than expected

• Select at least two calculated variances and discuss what they mean to you.
• Indicate approach(s) you would you use to research the variances further.
• Identify at least three action steps you would take to address each of the two variances you selected and justify your answers.