New Slide: October 2014 Revenues - A graphic explains the Revenue and variance from budgeted revenue broken out into different categories. - Farebox revenues were $32.3 million, $0.9 million over budget (favorable). - Passes revenues were $21.0 million, $2.6 million under budget (unfavorable). - Total Farebox revenues were $53.3 million, $1.7 million under budget (unfavorable) - Non-Farebox revenues were $6.9 million, $0.3 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 $63.7 million, $0.3 million under budget (unfavorable). Note: Average Fare of $1.11 and is in with budget is shown. Also, free rides total of 6.9 million, 1.2 million under than October 2013 is also shown. New Slide: Year to Date Revenues through October 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 $307.7 million, $10.5 million over budget (favorable). - Passes revenues year to date were $184.4 million, $19.7 million under budget (unfavorable). - Total Farebox year to date revenues were $492.1 million, $9.2 million under budget (unfavorable). - Non-Farebox year to date revenues were $56.1 million, $8.9 million over budget (favorable). - Half Fare Subsidy year to date revenues were $21.3 million, $4.6 million over budget.(favorable) - Graphic is shown that total year to date revenue is $569.5 million, $4.3 million over budget (favorable). Note: Average year to date Fare of $1.14 and is .03 over budget is shown. Also, free rides total of 66.8 million, 0.3 million over year to date October 2013 is also shown. New Slide: October 2014 Expenses - A graphic explains the Expenses and variance from budgeted expenses broken out into different categories. - Total October expenses were $121.1 million, $2.6 million over budget (unfavorable). - Labor expenses were $84.0 million, $1.5 million under budget (favorable). - Fuel expenses were $5.8 million, $0.7 million over budget (unfavorable). - Materials expenses were $7.0 million, $1.4 over budget (unfavorable). - All other expenses were $24.3 million, is $2.0 million over budget (unfavorable). New Slide: Year to Date Expenses through October 2014 - A graphic explains the year to date expenses and variance from budgeted year to date revenue broken out into different categories - Total October year to date expenses were $1149 9million, $3.3million under budget (favorable). - Labor year to date expenses were $802.1 million, $9.7 million under budget (favorable). - Fuel year to date expenses were $47.9 million, $2.8 million under budget (favorable). - Materials year to date expenses were $61.5 million, $10.1 million over budget (unfavorable). - All other year to date expenses were $238.4 million, $0.9 million under budget(favorable)