New Slide: February 2011 Revenues - A graphic explains the Revenue and variance from budgeted revenue broken out into different categories. - Farebox revenues were $19.2 million, $1.9 million under budget (unfavorable). - Passes revenues were $19.0 million, $1.1 million under budget (unfavorable). - Total Farebox revenues were $38.2 million, $3.0 million under budget (unfavorable). - Non-Farebox revenues were $4.8 million, $0.5 million over budget (favorable). - Half Fare Subsidy revenues were $2.3, in line with budget. - Graphic is shown that total revenue is $45.3 million, $2.5 million under budget (unfavorable). Note: Average Fare of $0.99, $.01 under budget is shown. Also, free rides total of 5.1 million, 0.4 million less than February of 2010 is also shown. New Slide: Year to Date Revenues through February 2011 - 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 $39.8 million, $2.8 million under budget (unfavorable). - Passes revenues year to date were $39.3 million, $1.0 million under budget (unfavorable). - Total Farebox year to date revenues were $79.1 million, $3.8 million under budget (unfavorable). - Non-Farebox year to date revenues were $8.3 million, $0.3 million under budget (unfavorable). - Half Fare Subsidy year to date revenues were $4.7 million, in line with budget. - Graphic is shown that total year to date revenue is $92.1 million, $4.1 million under budget (unfavorable). Note: Average year to date Fare of $1.00, in line with budget is shown. Also, free rides total of 10.8 million, 0.5 million less than year to date February for 2010 is also shown. New Slide: February 2011 Expenses - A graphic explains the Expenses and variance from budgeted expenses broken out into different categories. - Total February expenses were $100.9 million, $4.9 million under budget (favorable). - Labor expenses were $70.2 million, $1.2 million under budget (favorable). - Fuel expenses were $4.0 million, $0.1 million under budget (favorable). - Materials expenses were $6.0 million, $0.5 million under budget (favorable). - All other expenses were $20.7 million, $3.1 million under budget (favorable). New Slide: Year to Date Expenses through February 2011 - A graphic explains the year to date expenses and variance from budgeted year to date revenue broken out into different categories - Total February year to date expenses were $210.9 million, $8.0 million under budget (favorable). - Labor year to date expenses were $146.2 million, $2.2 million under budget (favorable). - Fuel year to date expenses were $8.3 million, $0.4 million under budget (favorable). - Materials year to date expenses were $12.0 million, $1.1 million under budget (favorable). - All other year to date expenses were $44.4 million, $4.3 million under budget (favorable).