Performance (February 2015 and Fiscal year-to-date):
The Cost per Bus Passenger Trip of $3.32 in February exceeded the forecasted $3.17 by $0.15, or 4.7%. This unfavorable variance was due to bus ridership falling short of the forecast by 0.5 million unlinked passenger boardings. The 2015 Fiscal Year-to-Date (months of July through February) Cost per Bus Passenger Trip of $3.01 is lower than the forecasted $3.18 by $0.17, or 5.3%. This favorable variance is due to bus ridership exceeding the forecast by 0.1 million unlinked passenger boardings and net under-runs in budgeted expenses.