Performance (April 2016 and Fiscal year-to-date):
The Cost per Bus Passenger Trip of $3.29 in April exceeded the forecasted $3.26 by $0.03, or 0.9%. This unfavorable variance was due to bus ridership falling short of the forecast by 0.4 million unlinked passenger boardings. The 2016 Fiscal Year-to-Date (months of July through April) Cost per Bus Passenger Trip of $3.26 is lower than the forecasted $3.30 by $0.04, or 1.2%. This favorable variance is due to net under-runs in budgeted expenses.