New Slide: February 2013 Revenues - A graphic explains the Revenue and variance from budgeted revenue broken out into different categories. - Farebox revenues were $21.7 million, $1.1 million under budget (unfavorable). - Passes revenues were $21.0 million, $2.4 million under budget (unfavorable). - Total Farebox revenues were $42.7 million, $3.5 million under budget (unfavorable). - Non-Farebox revenues were $4.8 million, $0.8 million under budget (unfavorable) - Half Fare Subsidy revenues were $2.4 million, in line with the budget. - Graphic is shown that total revenue is $49.9 million, $4.3 million under budget (unfavorable). Note: Average Fare of $1.05 and is .09 under budget is shown. Also, free rides total of 4.9 million, 0.2 million less than February 2012 is also shown. New Slide: Year to Date Revenues through February 2013 - 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 $43.6 million, $1.5 million under budget (unfavorable). - Passes revenues year to date were $44.4 million, $1.4 million under budget (unfavorable). - Total Farebox year to date revenues were $87.9 million, $2.9 million under budget (unfavorable). - Non-Farebox year to date revenues were $10.1 million, $0.1 million over budget (favorable). - Half Fare Subsidy year to date revenues were $4.7 million, in line with the budget. - Graphic is shown that total year to date revenue is $102.7 million, $2.8 million under budget (unfavorable). Note: Average year to date Fare of $1.06 and is .03 under budget is shown. Also, free rides total of 10.1 million, 0.1 million more than year to date February 2012 is also shown. New Slide: February 2013 Expenses - A graphic explains the Expenses and variance from budgeted expenses broken out into different categories. - Total February expenses were $107.1 million, $1.0 million over budget (unfavorable). - Labor expenses were $74.9 million, $4.0 million over budget (unfavorable). - Fuel expenses were $5.4 million, $0.3 million over budget (unfavorable). - Materials expenses were $5.7 million, $0.4 over budget (unfavorable). - All other expenses were $21.1 million, is $3.7 million under budget (favorable) . New Slide: Year to Date Expenses through February 2013 - 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 $225.6 million, $1.6 million over budget (unfavorable). - Labor year to date expenses were $156.2 million, $4.0 million over budget (unfavorable). - Fuel year to date expenses were $10.0 million, $0.7 million under budget (favorable). - Materials year to date expenses were $12.9 million, $1.9 million over budget (unfavorable). - All other year to date expenses were $46.5 million, $3.6 million under budget (favorable).