Performance (January 2015 and Fiscal year-to-date):
The Cost per Bus Passenger Trip of $3.41 in January exceeded the forecasted $3.22 by $0.19, or 5.9%. This unfavorable variance was due to bus ridership falling short of the forecast by 0.4 million unlinked passenger boardings. The 2015 Fiscal Year-to-Date (months of July through January) Cost per Bus Passenger Trip of $2.97 is lower than the forecasted $3.18 by $0.21, or 6.6%. This favorable variance is due to bus ridership exceeding the forecast by 0.5 million unlinked passenger boardings and net under-runs in budgeted expenses.