New Slide: July 2013 Revenues - A graphic explains the Revenue and variance from budgeted revenue broken out into different categories. - Farebox revenues were $29.9million, $2.0 million over budget (favorable). - Passes revenues were $21.7 million, $4.8 million under budget (unfavorable). - Total Farebox revenues were $51.6 million, $2.8 million under budget (unfavorable). - Non-Farebox revenues were $3.9 million, $0.7 million under budget (unfavorable) - Half Fare Subsidy revenues were $1.1 million, $1.2million under budget (unfavorable) - Graphic is shown that total revenue is $56.6 million, $4.7million under budget (unfavorable)8uy Note: Average Fare of $1.15 and is .08 under budget is shown. Also, free rides total of 7.6 million, 1.9million more than July 2012 is also shown. New Slide: Year to Date Revenues through July 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 $180.4 million, $1.1 million over budget (favorable). - Passes revenues year to date were $154.5 million, $14.1 million under budget (unfavorable). - Total Farebox year to date revenues were $334.9 million, $13.0 million under budget (unfavorable). - Non-Farebox year to date revenues were $39.1 million, $2.6 million over budget (favorable). - Half Fare Subsidy year to date revenues were $15.3 million, $1.2 million under budget.(unfavorable) - Graphic is shown that total year to date revenue is $389.3 million, $11.6 million under budget (unfavorable). Note: Average year to date Fare of $1.09 and is .04 under budget is shown. Also, free rides total of 43.1 million, 4.3 million over year to date July 2012 is also shown. New Slide: July 2013 Expenses - A graphic explains the Expenses and variance from budgeted expenses broken out into different categories. - Total July expenses were $110.4 million, $4.7 million under budget (favorable). - Labor expenses were $80.0 million, $1.7 million under budget (favorable). - Fuel expenses were $5.5 million, in line with budget. - Materials expenses were $5.5 million, $0.4 million over budget (unfavorable). - All other expenses were $19.4 million, is $3.4 million under budget (favorable) . New Slide: Year to Date Expenses through July 2013 - A graphic explains the year to date expenses and variance from budgeted year to date revenue broken out into different categories - Total July year to date expenses were $792.5 million, $0.2 million under budget (favorable). - Labor year to date expenses were $550.9 million, $7.2 million over budget (unfavorable). - Fuel year to date expenses were $37.0 million, $1.0 million under budget (favorable). - Materials year to date expenses were $37.0 million, $2.9 million over budget (unfavorable). - All other year to date expenses were $167.6 million, $9.3 million under budget (favorable).