Performance (January 2016 and Fiscal year-to-date):
The Cost per Bus Passenger Trip of $3.79 in January exceeded the forecasted $3.43 by $0.36, or 10.5%. This unfavorable variance was due to bus ridership falling short of the forecast by 0.8 million unlinked passenger boardings. The 2016 Fiscal Year-to-Date (months of July through January) Cost per Bus Passenger Trip of $3.21 is lower than the forecasted $3.33 by $0.12, or 3.6%. This favorable variance is due to net under-runs in budgeted expenses.