Performance (March 2016 and Fiscal year-to-date):
The Cost per Bus Passenger Trip of $3.49 in March exceeded the forecasted $3.21 by $0.28, or 8.7%. This unfavorable variance was due to bus ridership falling short of the forecast by 0.5 million unlinked passenger boardings. The 2016 Fiscal Year-to-Date (months of July through March) Cost per Bus Passenger Trip of $3.26 is lower than the forecasted $3.31 by $0.05, or 1.5%. This favorable variance is due to net under-runs in budgeted expenses.