FY 2026 Operating Budget vs. Actual Spending Review Page Four • Replacement Equipment (Object 10 - $2.0M Budget ) is below budget with an 85% spend rate. o Other Replacement Equipment (Object 1099 - $541K Budget) is below budget with a 55% spend rate. This depends upon when orders are received. • Additional Equipment ( Object 11 - $2.6M Budget ) is below budget with a 54% a spend rate mostly due to the timing of orders. • Fixed Costs ( Object 13 - $12.8M Budget ) are on budget with a 104% spend rate. o Insurance ( Object 1302 - $907K Budget) is below budget with an 80% spend rate. o Insurance - non STO (Object 1309 - $11.6M Budget ) is slightly above the targeted budget amount with a 106% spend rate. The variance is due to higher premiums associated with market rates coupled with an increase in the insurance policy limit.
ATTACHMENT • Budget vs Actual by Object 4th Qtr. FY 2026
Made with FlippingBook - professional solution for displaying marketing and sales documents online