Performance (May 2014 and Fiscal year-to-date):
The Cost per Bus Passenger Trip of $3.44 in May was lower than the forecasted $3.62 by $0.18, or 5.0%. This favorable variance was due to bus ridership exceeding the forecast by 0.3 million unlinked boardings. The 2014 Fiscal Year-to-Date (months of July through May) Cost per Bus Passenger Trip of $3.47 is lower than the forecasted $3.68 by $0.21, or 5.7%. This favorable variance is due to net under-runs in budgeted expenses.