Performance (May 2015 and Fiscal year-to-date):
The Cost per Bus Passenger Trip of $3.75 in May exceeded the forecasted $3.23 by $0.52, or 16.1%. This unfavorable variance was due to bus ridership falling short of the forecast by 0.1 million unlinked passenger boardings and net over-runs in budgeted expenses. The 2015 Fiscal Year-to-Date (months of July through May) Cost per Bus Passenger Trip of $3.08 is lower than the forecasted $3.17 by $0.09, or 2.8%. This favorable variance is due to net under-runs in budgeted expenses.