New Slide: August 2014 Revenues - A graphic explains the Revenue and variance from budgeted revenue broken out into different categories. - Farebox revenues were $32.6 million, $3.1 million over budget (favorable). - Passes revenues were $18.3 million, $3.6 million under budget (unfavorable). - Total Farebox revenues were $50.9 million, $0.5 million under budget (unfavorable) - Non-Farebox revenues were $5.6 million, $0.8 million over budget (favorable) - Half Fare Subsidy revenues were $3.5 million $1.1 million over budget.(favorable) - Graphic is shown that total revenue is $60.0 million, $1.4 million over budget (favorable). Note: Average Fare of $1.19 and is.0.5 million over budget is shown. Also, free rides total of 6.8 million, 1.0 million under than August 2013 is also shown. New Slide: Year to Date Revenues through August 2014 - 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 $245.2 million, $9.0 million over budget (favorable). - Passes revenues year to date were $143.2 million, $14.7 million under budget (unfavorable). - Total Farebox year to date revenues were $388.4 million, $5.7 million under budget (unfavorable). - Non-Farebox year to date revenues were $44.0 million, $8.6 million over budget (favorable). - Half Fare Subsidy year to date revenues were $14.3 million, $2.3 million over budget.(favorable) - Graphic is shown that total year to date revenue is $446.7 million, $5.2 million over budget (favorable). Note: Average year to date Fare of $1.14 and is .02 over budget is shown. Also, free rides total of 52.9 million, 2.0 million over year to date August 2013 is also shown. New Slide: August 2014 Expenses - A graphic explains the Expenses and variance from budgeted expenses broken out into different categories. - Total August expenses were $109.5 million, $1.2 million under budget (favorable). - Labor expenses were $78.8 million, $0.2 million under budget (favorable). - Fuel expenses were $4.3 million, $1.3 million under budget (favorable). - Materials expenses were $6.2 million, $1.2 over budget (unfavorable). - All other expenses were $20.2 million, is $0.9 million under budget (favorable). New Slide: Year to Date Expenses through August 2014 - A graphic explains the year to date expenses and variance from budgeted year to date revenue broken out into different categories - Total August year to date expenses were $915.4 million, $6.1million under budget (favorable). - Labor year to date expenses were $637.7 million, $6.7 million under budget (favorable). - Fuel year to date expenses were $37.3 million, $3.3 million under budget (favorable). - Materials year to date expenses were $48.3 million, $7.3 million over budget (unfavorable). - All other year to date expenses were $192 1 million, $3.4 million under budget(favorable)