Performance (June 2023):
The
Cost per Bus Passenger Trip of $9.58 in June exceeded the forecast by $1.57.
This unfavorable variance was due to operating expenses coming in over budget
and bus ridership falling short of the forecast by 0.3 million unlinked trips. The
2023 Fiscal Year-to-Date (months of July through June) Cost per Bus
Passenger Trip of $9.52 exceeded the forecast by $0.56. This unfavorable
variance was due to bus ridership falling short of the forecast by 1.4 million
unlinked passenger trips and operating expenses coming in over budget.