Performance (April 2014 and Fiscal year-to-date):
The Cost per Bus Passenger Trip of $3.72 in April was higher than the forecasted $3.58 by $0.14, or 3.9%. This unfavorable variance was mostly due to net over-runs in budgeted expenses in the month of April. The 2014 Fiscal Year-to-Date (months of July through April) Cost per Bus Passenger Trip of $3.48 is lower than the forecasted $3.69 by $0.21, or 5.7%. This favorable variance is due to net under-runs in budgeted expenses.