FORECAST FULL YEAR 2013 FORECAST Dollars in Millions Actual July - Dec Jan - June + Reforecast = 2013 Forecast System Generated Revenue $332.7M $335.7M $668.4M Public Funding* $320.8M $351.7M $672.5M Expenses $682.1M $658.8M $1,340.9M *Based on final RTA estimates 2 S G YSTEM ENERATED R EVENUES REVENUE REFORECAST REVENUE - In Thousands Reforecast June YTD July Aug Sept Oct Nov Dec Total Fares $150,536 $29,208 $29,083 $26,195 $28,179 $25,381 $25,983 $314,565 Passes $132,694 $21,658 $21,059 $21,425 $22,829 $21,319 $19,525 $260,509 Total Farebox $283,230 $50,866 $50,142 $47,620 $51,008 $46,699 $45,509 $575,074 Reduced Fare Subsidy $14,161 $1,143 $1,232 $1,232 $1,232 $1,232 $1,232 $21,464 Non-Farebox $35,258 $4,266 $3,743 $5,136 $7,001 $8,258 $8,168 $71,830 Total Revenue $332,649 $56,275 $55,117 $53,988 $59,241 $56,189 $54,908 $668,368 Average Fare $1.08 $1.14 $1.12 $1.04 $1.04 $1.08 $1.14 $1.09 4 NOVEMBER REVENUES: VARIANCE TO REFORECAST Variance Variance Dollars in Millions Actual to to Nov 2013 Reforecast Nov 2012 Farebox $27.6M 2.2M 5.8M Passes $18.0M 3.3M 4.9M 1.1M Farebox Total $45.6M 0.9M Reduced Fare Subsidy $1.2M -- 1.1M Non-Farebox $9.9M 1.6M 4.5M Revenue Total $56.7M 0.5M 4.3M Average Fare $1.07 $0.01 $0.08 (Dollars) Free Rides 6.9M Free Rides is 1.2M more than Nov 2012 5 YEAR TO DATE REVENUES: VARIANCE TO REFORECAST Variance Variance Dollars in Millions Actual to to Nov 2013 YTD Reforecast Nov 2012 YTD Farebox $295.3M 6.7M 44.5M Passes $235.0M 5.9M 20.7M Farebox Total $530.3M 0.8M 23.8M Reduced Fare Subsidy $20.7M 0.5M 4.7M Non-Farebox $66.3M 2.6M 4.1M Revenue Total $617.3M 3.9M 23.2M Average Fare $1.08 -- $0.08 (Dollars) Free Rides 73.4M Free Rides is 3.0M more than Nov 2012 YTD (excludes Red Line South) 6 E XPENSES EXPENSE REFORECAST EXPENSE - In Thousands Reforecast June YTD July Aug Sept Oct Nov Dec Total Labor $470,929 $82,235 $76,599 $75,038 $81,572 $74,186 $75,890 $936,449 Material $31,435 $6,855 $3,793 $3,370 $3,357 $3,568 $2,606 $54,984 Fuel $31,516 $5,305 $5,557 $5,312 $5,753 $5,355 $5,534 $64,332 Power $12,763 $2,217 $2,105 $1,997 $2,127 $2,003 $2,072 $25,284 Provision for Injuries & Damages $5,896 $0 ($1,621) ($1,621) ($1,621) ($1,621) ($1,621) ($2,209) Purchase of Security Services $16,092 $1,481 $1,304 $1,303 $1,304 $1,304 $1,304 $24,092 Other Expenses $113,461 $17,189 $23,562 $20,905 $20,680 $20,746 $21,450 $237,993 Total Operating Expenses $682,092 $115,282 $111,299 $106,306 $113,173 $105,542 $107,235 $1,340,925 8 NOVEMBER EXPENSES: VARIANCE TO REFORECAST Dollars in Thousands Favorable/ (Unfavorable) Actual Nov Variance to 2013 Reforecast Category Labor 74,342 (156) Material 5 ,362 (1,795) Fuel 4 ,379 976 Power 1 ,483 520 Provision Injuries & Damages - (1,621) Purchase of Security Services 1 ,334 (30) Other Expenses 22,407 (1,662) Total Operating Expenses 109,307 (3,768) Other expenses consist of: Utilities, Advertising & Promotions, Travel & Meetings, Contractual Services, Leases & Rentals, Pension Obligation Bond, and General Expenses. 9 NOVEMBER EXPENSES YEAR TO DATE: VARIANCE TO REFORECAST Dollars in Thousands Favorable/ (Unfavorable) Actual YTD Variance to Nov 2013 Reforecast Category Labor 860,899 (341) Material 53,708 (1,331) Fuel 57,536 1,262 Power 22,836 376 Provision Injuries & Damages (1,104) 516 Purchase of Security Services 22,762 25 Other Expenses 214,558 1,986 1,231,195 Total Operating Expenses 2,493 Other expenses consist of: Utilities, Advertising & Promotions, Travel & Meetings, Contractual Services, Leases & Rentals, Pension Obligation Bond, and General Expenses. 10