New Slide: February 2012 Revenues - A graphic explains the Revenue and variance from budgeted revenue broken out into different categories. - Farebox revenues were $21.5 million, $3.7 million over budget (favorable). - Passes revenues were $22.1 million, $2.1 million under budget (unfavorable). - Total Farebox revenues were $43.6 million, $1.6 million over budget (favorable). - Non-Farebox revenues were $7.4 million, $3.5 million over budget (favorable). - Half Fare Subsidy revenues were $2.3, in line with budget. - Graphic is shown that total revenue is $53.3 million, $5.1 million over budget (favorable). 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 2011 is also shown. New Slide: Year to Date Revenues through February 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 $42.4 million, $6.6 million over budget (favorable). - Passes revenues year to date were $44.3 million, $3.8 million under budget (unfavorable). - Total Farebox year to date revenues were $86.7 million, $2.8 million over budget (favorable). - Non-Farebox year to date revenues were $11.4 million, $3.9 million over budget (favorable). - 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 $102.8 million, $6.7 million over budget (favorable). Note: Average year to date Fare of $1.01, $.02 under budget is shown. Also, free rides total of 10.0 million, 0.8 million less than year to date February for 2011 is also shown. New Slide: February 2012 Expenses - A graphic explains the Expenses and variance from budgeted expenses broken out into different categories. - Total February expenses were $105.6 million, $2.2 million over budget (unfavorable). - Labor expenses were $74.2 million, $0.5 million over budget (unfavorable). - Fuel expenses were $4.7 million, $0.5 million under budget (favorable). - Materials expenses were $6.0 million, $0.1 million over budget (unfavorable). - All other expenses were $20.7 million, $2.1 million over budget (unfavorable). New Slide: Year to Date Expenses through February 2012 - 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 $212.8 million, in line with budget. - Labor year to date expenses were $150.5 million, $1.7 million under budget (favorable). - Fuel year to date expenses were $9.4 million, $1.1 million under budget (favorable). - Materials year to date expenses were $12.3 million, $0.4 million over budget (unfavorable). - All other year to date expenses were $40.6 million, $2.4 million over budget (unfavorable).