Chicago Transit Board
Financial Report
For The Month Ended March 31, 2007

May 17, 2007

FINANCIAL SUMMARY – CURRENT MONTH

 - Current operating surplus of $0.7 million with a 50.2% recovery ratio.

FINANCIAL SUMMARY – YEAR

 - YTD operating deficit of $8.0 million with a 47.0% recovery ratio.

OPERATING EXPENSES

- Current expenses equaled $98.2 million — $0.1 million under budget.

- YTD expenses equaled $289.0 million — $2.3 million over budget.

LABOR

- Current expenses equaled $72.9 million — $1.3 million under budget.

- YTD expenses equaled $216.1 million — $2.3 million over budget.

MATERIALS

- Current expenses equaled $7.3 million — $0.7 million over budget.

- YTD expenses equaled $21.3 million — $1.8 million over budget.

FUEL – REVENUE EQUIPMENT

- Current fuel expense equaled $6.4 million - $1.1 million over budget.

- YTD fuel expense equaled $17.7 million - $2.4 million over budget.

SYSTEM GENERATED REVENUE

- System-Generated Revenues equaled $46.5 million in March 2007 due to lower 
fare and investment revenues.




FAREBOX REVENUE

- Current Farebox Revenue was $38.7 million — 1.4% under budget.

- YTD Farebox Revenue was $108.5 million — 4.1% under budget.

OTHER REVENUES

- Current Other Revenue was $7.8 million — 16.4% over budget.

- YTD Other Revenue was $18.8 million — 6.0% under budget.


CONCLUSION

 - YTD Capital obligations and expenditures were $100.3 million and $134.7 
million, respectively

- Employee headcount remains under Board authorized level.