Performance (June 2014 and Fiscal year-to-date):
The Cost per Bus Passenger Trip of $3.63 in June was lower than the forecasted $3.92 by $0.29, or 7.4%. This favorable variance was due to bus ridership exceeding the forecast by 0.3 million unlinked boardings. The 2014 Fiscal Year-End (months of July through June) Cost per Bus Passenger Trip of $3.49 is lower than the forecasted $3.50 by $0.01, or 0.3%. This favorable variance is due to net under-runs in budgeted expenses.