2009 Budget Report 

April 7, 2009

NEW SECTION: February Revenues

NEW SLIDE: System Generated Revenues: Variance to Budget1.993.221.762.211.222.00Dollars in Millions

Fare Box 		20.33 M. (down 1.22)
Passes			18.14 M. (up 3.22)
Farebox Total 		38.47 M. (up 1.99)
Non-Farebox 		3.19 M. (down 1.76)
Half-Fare Subsidy	2.00 M. (up 2.00)
Total Revenue		43.66 M. (up 2.21)
(Dollars in Millions)

Avg. Fare 		$0.96


NEW SLIDE: Feb. Ridership

Ridership continues to grow in 2009 

Chart "Total Rides" shows:
2008 39.4 million rides
2009 40.1 million rides
Up 1.7%



NEW SLIDE: February Expenses

February expenses of $ 99.12 million  were 6.77 Mil. favorable to the 2009 Budget

Pie chart shows distribution of February expenses in millions of dollars

Labor: 74.25 (1.71 positive to budget)
Other: 16.26 (4.65 positive to budget)
Material: 8.84 (.29 positive to budget)
Fuel: 8.13 (.13 positive to budget)


NEW SECTION: 2009 Budget Options
Addressing the CTA Deficit Through Cost Savings


NEW SLIDE: Public Funding Reductions: 2008-2010
Public funding reductions for 2008–2010 are projected to be nearly $400 Mil.

Graph shows the following:

2008 $56.1 M.
2009 $155.0 M.
2010 $161.0 M.


NEW SLIDE: 2009 Budget Action Items
- Position Reductions: 396 Positions were eliminated in the 2009 Budget saving $4.9M in labor costs
- CTA Raised Fares on January 1, 2009 generating approximately $39M in increased revenue.
- At a time of economic crisis where our customers need our services more then ever, CTA has maintained our service


NEW SLIDE: Covering the Gap
- For 2008, RTA’s Board has agreed to provide funding of $56.1M. This enabled us to close the books for 2008.
- For 2009, CTA has been working closely with RTA Staff to close the $155M gap.


NEW SLIDE: 2009 Gap: $155 M

- RTA Increased Funding: $8 M
- CTA Adjustment to Injuries and Damages: $10M
- Economic Stimulus Money: $75.2 M
- Other CTA Options (ex. reducing non-
- operational vacancies, reduction in non-revenue fuel and non-emergency OT) : $8.1M

TOTAL REMAINING GAP: $53.7 M


NEW SLIDE: Options to Fill Remaining $53.7 M Gap

- Additional CTA Cost Savings
- RTA Loans And Other Funds
- Other Options: 
 - Labor Solutions To Lower Cost And Retain Labor Force
 - Service Cuts
 - Fare Increases


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