New Slide: July 2012 Revenues - A graphic explains the Revenue and variance from budgeted revenue broken out into different categories. - Farebox revenues were $23.5 million, $2.8 million under budget (unfavorable). - Passes revenues were $23.9 million, $0.3 million over budget (favorable). - Total Farebox revenues were $47.4 million, $2.5 million under budget (unfavorable). - Non-Farebox revenues were $5.7 million, $1.2 million over budget (favorable) - Half Fare Subsidy revenues were $2.3, in line with budget. - Graphic is shown that total revenue is $55.4 million, $1.3 million under budget (unfavorable). Note: Average Fare of $1.07 and is $.02 under budget is shown. Also, free rides total of 5.7 million, 0.6 million less than July of 2011 is also shown. New Slide: Year to Date Revenues through July 2012 - A graphic explains the year to date revenue and variance from budgeted year to date revenue broken out into different categories. - Farebox year to date revenues were $158.8 million, $2.5 million over budget (favorable). - Passes revenues year to date were $160.8 million, $5.0 million over budget (favorable). - Total Farebox year to date revenues were $319.6 million, $7.5 million over budget (favorable). - Non-Farebox year to date revenues were $35.6 million, $7.1 million over budget (favorable). - Half Fare Subsidy year to date revenues were $16.3 million, in line with budget. - Graphic is shown that total year to date revenue is $371.5 million, $14.6 million over budget (favorable). Note: Average year to date Fare of $1.01 and is .01 under budget is shown. Also, free rides total of 38.9 million, 4.1 million less than year to date July of 2011 is also shown. New Slide: July 2012 Expenses - A graphic explains the Expenses and variance from budgeted expenses broken out into different categories. - Total July expenses were $104.4 million, $1.5 million over budget (unfavorable). - Labor expenses were $75.9 million, $0.1million over budget (unfavorable). - Fuel expenses were $5.6 million, $0.3 million over budget (unfavorable). - Materials expenses were $5.7 million, $0.3 over budget (unfavorable) - All other expenses were $17.2 million, $0.8 over budget. (unfavorable) New Slide: Year to Date Expenses through July 2012 - A graphic explains the year to date expenses and variance from budgeted year to date revenue broken out into different categories - Total July year to date expenses were $743.5 million, $2.1 million over budget (unfavorable). - Labor year to date expenses were $536.3 million, $0.4 million over budget (unfavorable). - Fuel year to date expenses were $36.2 million, $1.7 million under budget (favorable). - Materials year to date expenses were $41.7 million, $0.5 million over budget (unfavorable). - All other year to date expenses were $129.3 million, $2.9 million over budget (unfavorable).