2009 Budget Report
Wednesday, August 12, 2009
Chicago Transit Authority

New slide: CTA Financial Results

-System Generated Revenue
--June Results
--Year-to-date Results

- Operating Expenses
--June Results
--Year-to-date Results

- Review of Other Revenue Budget

Adjustments

SECTION: System generated revenues

New slide: June Revenues: Variance to Budget

Fare Box		$23.36M	down $2.22M
Passes			$18.93M	up $1.67M
Farebox Total		$42.29M	down $.55M

Non-Farebox		$2.92M	down $1.75M
Half-Fare Subsidy	$2.82M	up $2.82M

Total Revenue		$48.03M	up $.527M
Avg. Fare		$0.96


New slide: YTD Revenues: Variance to Budget

Fare Box		$131.90M	down $8.64M
Passes			$113.52M	up $12.92M
Farebox Total		$245.42M	up $4.27M

Non-Farebox		$21.79M	down $10.50M
Half-Fare Subsidy	$12.24M	up $12.24M

Total Revenue		$279.45M	up $6.00M
Avg. Fare		$0.96


SECTION: Expenses

New slide: June Expenses

- June expenses of $105.69M were $3.52M favorable to the 2009 Budget

Chart shows distribution (dollars in millions)

Labor		$72.24	1.498 positive to budget
Other		$17.32	1.806 positive to budget
Fuel		$8.63	.003 positive to budget
Material	$7.5	.209 positive to budget

New slide: Year-to-date expenses

- Year-to-date expenses of $620.09M are #30.4M favorable to the 2009 Budget

Chart shows distribution (dollars in millions)

Labor		$428.52	10.62 positive to budget
Other		$98.2	15.49 positive to budget
Fuel		$48.59	2.75 positive to budget
Material	$44.79	1.55 positive to budget

New slide (and final section): Other revenue adjustments

Chart shows revenue adjustments per May 2009 and July 2009 amended budgets, and variance between the two, respectively.

Title, May 2009 Amended Budget, July 2009 Amended Budget, Variance

Student Permit Revenue $0, $65, $65
Chicago Card Sales Other Rev $70,0 $353, ($347)
Parking Lot Revenue $2,901, $2,109, ($792)
Rentals $3,500, $3,849, $349
Miscellaneous Revenues $3,792, $3,486, ($306)
Scrap Material Sales $997, $920, ($77)
Employee Garnishment Serv Chg $0, $4,5 $45
Movie Generated Revenue $202, $135, ($67)
Gain(Loss) On Sale Of Property $11,904, $5,965, ($5,939)
CTAMerchandise Sales $0, $3, $3
Non-capital grant revenue $1,500, $1,686, $186
Other Revenue $25,496, $18,615, ($6,881)