VARIANCE DESCRIPTION
The total departmental year-end variance is projected to be approximately: $138,000 Surplus
Salary & Benefits $345,000 Surplus
Salary savings resulting from branch closures since mid-March and re-opening in stages - bringing back laid-off Pages and supply staff as well as resuming Sunday Service by mid-September have resulted in salary & benefit cost savings estimated to be approximately $345,000.
COVID Related Supplies ($105,000) Deficit
Additional costs relating to COVID expenditures including signage, plexi-glass barriers, PPE, cleaning supplies & services are anticipated to be approximately ($105,000) across all locations.
Lost Revenue ($102,000) Deficit
Due to the closing of branches and the waiving of overdue fees until the end of the year, fees revenue will be approximately ($102,000) under budget for the year.