[Budget & Ridership Presentation May 2009]

SLIDE: 1st Quarter Results 

Budget Variance March -  $9.2MM (1st Quarter - $22.1MM)
Lower operating expenses - March $8.5MM (1st Quarter - $16.8MM)
Higher fare box & reduced fare revenue - March $680K (1st Quarter - $5.3MM)

SLIDE: Cash Position 

Working cash 
March 2009: $69.0MM 
Dec 2008: $38.2MM 
March 2008: $71.2MM 

Damage reserve 
March 2009: $1.3MM 
Dec 2008: $5.9MM 
March 2008: $115.2MM 

Total 
March 2009: $70.3MM 
Dec 2008: $44.1MM 
March 2008: $186.4MM 

- $26.2MM improvement from 2008 year-end 

- $116.1MM decrease from prior year 

SLIDE March Ridership 

-- 2.1MM Increase Over Budget 
--- 2.4 MM Rise in Bus Rides 
---  -0.3 MM Increase in Rail Rides 
-- 2.1MM Increase Over Prior Year 
-- 1.3 MM Increase in Bus Rides 
--- 1.3 MM Increase in Rail Rides 
-- 4.6 % Per Day Increase in Avg. Daily Rides 

SLIDE: 2009 Budget Report May 13, 2009 

SLIDE: March Revenues

SLIDE System Generated Revenues: Variance to Budget 

Fare Box $ 21.83 M (up .05)
Passes $ 18.01 M (up 1.14)
Farebox Total $ 39.84 M (up 1.19)
Non-Farebox $ 3.15 M  (down 1.85)
Half-Fare Subsidy $ 1.35 M (up 1.35)
Total Revenue $ 44.34 (up 0.68)
Avg. Fare $0.90 

SLIDE: Year-To-Date Revenues 

SLIDE: System Generated Revenues: Variance to Budget 

Fare Box $ 63.54 M (down 1.99)
Passes $ 56.87 M (up 7.49)
Farebox Total $ 120.42 M (up 5.50)
Non-Farebox $ 9.24 M (5.67)
Half-Fare Subsidy $ 5.42 M  (up 5.42)
Total Revenue $ 135.25 (up 5.25)
Avg. Fare $0.97 

SLIDE: March Expenses 

- March expenses of $ 105.5 million were $8.5 Mil. favorable to the 2009 Budget 

Chart (dollars in millions)

Labor 73.65 (3.43 positive to budget)
Other 16.82 (2.73 positive to budget)
Material 7.55 (1.15 positive to budget)
Fuel 7.5 (1.29 positive to budget)

SLIDE: Year-To-Date Expenses 

- Year-to-date expenses of $ 313.5 million are $16.8 Mil. favorable to the 2009 Budget 

Chart (dollars in millions)

Labor 215.67 (4.79 positive to budget)
Other 50.71 (9.85 positive to budget)
Material 23.72 (.35 positive to budget)
Fuel 23.4 (1.85 positive to budget)


SLIDE: April Ridership

SLIDE: April Ridership Results 

- Spring Break and signs of weak economy.

System DOWN 1.6 Mil. (-3.7%)
Bus DOWN 1.9 Mil. (-6.9%)
Rail UP 0.3 Mil. (+1.8%)


Year-To-Date Ridership 
- Ridership up on the year. 

System UP 4.2 Mil. (2.5%)
Bus UP 1.3 Mil. (1.2%)
Rail UP 2.9 Mil. (4.8%)

Figures adjusted to account for Leap Year in 2008. 

SLIDE: Total Public Funding Shortfall : $154,690,000 

SLIDE: Actions to Fill Gap

Proposed Expense Reductions: 
- Lower Injuries and Damages Reserve :$10 M 
- Labor Savings: $3.8 M 
-- Vacancy Eliminations 
-- Reduced Overtime 
-- Bus and Rail Schedule Efficiencies 
- Fuel Savings Through Bus Schedule Efficiencies: $ 200 K 
- Power Savings Through Rail Schedule Efficiencies: $300 K 
- Reduction in Non-Revenue Fuel : $ 990 K 

SLIDE: Actions to Fill Gap

Proposed Revenue Increases: 
- Preventative Maintenance From Capital: $128.6 M 
- Additional RTA Funding: $8 M 
- CTA Sale-Leaseback Funds: $2.8 M