Performance (January 2014 and Fiscal year-to-date):
The Cost per Bus Passenger Trip of $4.01 in January exceeded the forecasted $3.69 by $0.32, or 8.7%. This unfavorable variance was due to bus ridership falling short of the forecast by 0.8 million unlinked boardings. The 2014 Fiscal Year-to-Date (months of July through January) Cost per Bus Passenger Trip of $3.43 is lower than the forecasted $3.73 by $0.30, or 8.7%. This favorable variance is due to net under-runs in budgeted expenses.