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Agenda Item # 12

BOARD MEMORANDUM

Background:

This report summarizes the FY 2006 preliminary annual performance of VTA Transit Operations.   The report becomes finalized later in 2006 with the completion of the annual audit of the financial information contained in this report.   A detailed summary of the FY 2006 performance follows.

Discussion:   

Ridership

Total system ridership (bus and rail) in FY 2006 increased by 5.8%.  Average weekday ridership increased 6.4%, and average Saturday and Sunday ridership increased by 4.2% and 4.6%, respectively.  This is the first year-over-year ridership increase since FY 2001.

Bus ridership for FY 2006 totaled 30.9 million, a 2.1% increase compared to the previous fiscal year.   Average weekday ridership increased by 2.9% from 97,117 in FY 2005 to 99,966 in 2006.  Average Saturday ridership increased by 0.2%, while average Sunday ridership decreased by 0.3% in FY 2006.

Light rail ridership continues to be strong, showing a 22.1% improvement in total boardings in FY 2006.    To put this number in better context, 1,499,376 more trips were taken in FY 2006 when compared to FY 2005.   Approximately 550,000 of the 1.5 million additional trips can be attributed to the new Vasona line segment between San Fernando and Winchester stations.  Light rail would still have increased by 14% for FY 2006 without the Vasona line extension.

Operating Expense and Revenue (unaudited)

The preliminary total transit operating expense for FY 2006 increased 6.8% to $245.1 million, but was $1.7 million lower than the 2006 fiscal year budget.

Preliminary expenses for supplies and services, which constitute 20.8% of the total FY 2006 operating expenses, increased 16.9% compared to the same period last year.   Supplies and services consist primarily of diesel fuel, parts, professional services, security services, utilities, and other operating expenses, totaling $50.9 million in FY 2006.   Fuel costs increased approximately $2.8 million and parts usage increased approximately $2.7 million as a result of the warranty expiration for most of the Kinkisharyo light rail vehicle fleet.  These two elements were 74% of the 16.9% increase.

In FY 2006, wages increased 3.6%, while benefits increased 5.6% compared to the same period last year.   Overall, the cost of labor in FY 2006 was up 4.6% compared to FY 2005, primarily due to wage increase contractual obligations.

System total operating hours in FY 2006 were 2.8% more than FY 2005.   The 4.6% increase in operating expenses outpaced the 2.8% increase in total operating hours resulting in an increase in system cost per total hour of 3.9% from $158.79 to $165.02.  The same is true for bus.  The estimated bus operating expenses increased 6.8%, outpacing the increase in total hours of 1.2% in FY 2006, resulting in an increase in bus operating cost per total hour of 5.5% from $137.98 to $145.58.  In contrast, the estimated increase in light rail operating costs of 6.8% was outpaced by the 20.7% increase in total light rail operating hours, resulting in an 11.5% decrease in light rail cost per total hour, from $400.33 to $354.30.

Estimated fare revenue collected was $34.3 million, up 7.1% compared to FY 2005.  The increase was primarily due to increased ridership and increased average fare revenue.  The FY 2006 farebox recovery ratio of 14.0% stayed the same as FY 2005.

Key Performance Indicators

Bus operator unscheduled absenteeism (or personal time-off) in FY 2006 improved by 7.2% (from 8.3% last year to 7.7% this year).   Bus maintenance personnel unscheduled absenteeism improved by 17% (from 9.4% last year to 7.8% this year).   Light rail operator unscheduled absenteeism improved by 9.3% (from 7.5% last year to 6.8% this year).  Light rail maintenance personnel unscheduled absenteeism remained the same at 7.2%.  Light rail Way, Power, & Signal maintenance personnel unscheduled absenteeism went up 26.6%.

Combined bus and light rail miles between chargeable accidents increased in FY 2006 when compared to FY 2005, and exceeded the established goals for FY 2006.   Miles between chargeable accidents were 210,502 compared to the established goal of 175,000.  The daily service reliability performance in FY 2006 was 99.38%, exceeding the established goal of 99.30%.

In FY 2006, bus and light rail miles between major mechanical schedule losses decreased 12.3% compared to FY 2005.   The number of major mechanical road calls for bus and light rail that resulted in a service loss increased by 17.4% over the same period last year.  Engine problems topped the list of reasons for major mechanical road calls, with an increase of 8.3% in FY 2006.  Light rail reliability has been negatively affected as vehicle warranties approach expiration.

FY 2006 light rail on-time performance declined by 4.9% compared to FY 2005.  The primary cause of the decline was the single-track operation between Convention Center and Virginia light rail stations required to support the Highway 87 HOV lanes project.   Bus on-time performance was 90.3% in FY 2006, down from last year’s 94.0%.  FY 2006 marks the first time VTA is utilizing the ACS (Advanced Communication System) data to determine on-time performance for bus service.  The use of ACS technology is more accurate and will significantly increase the quantity and quality of data collected.

Paratransit

Ridership increased by 7.5% from 912,668 in FY 2005 to 981,098 in FY 2006.   FY 2006 was the first complete year that VTA provided free transportation for eligibility interviews and appeals.    The VTA Eligibility Ride Program recorded 8,854 one-way trips, which was 7,620 more than FY 2005.

The FY 2006 net operating cost for paratransit was $25,042,639, 7.0% higher than the net operating cost recorded during FY 2005.   The increase is due to increased ridership, the 3% increase in the contractual rate paid to service providers, and the cost of fuel.   However, the net operating cost was approximately $2 million less than the budget.  This was achieved by providing 11% more shared trips and collecting 12% more in fare revenue.

The FY 2006 net cost per Paratransit passenger trip was $25.53. This was 0.5% less than the $25.65 net cost per trip recorded in FY 2005, despite the net operating cost increase of 7.0%.   In addition, the FY 2006 net cost per trip of $25.53 is down $5.84 per trip compared to FY 2002.

Contracted and Inter-Agency Services

VTA is a partner in various ventures that expand the transportation options for our customers.   These relationships include commuter rail (ACE, Caltrain), inter-county express bus lines (Dumbarton Express and Highway 17 Express), and rail feeder services (ACE shuttles and Light Rail shuttles).  Ridership in FY 2006 for these services compared to FY 2005 are as follows:

1. Caltrain ridership was 10,148,616, up 7.5%. An estimated 4.3 million of these were Santa Clara County boardings.
2. ACE ridership was 641,963, up 0.3%. An estimated 270,000 of these were Santa Clara County boardings.
3. Dumbarton Express ridership was 212,495, up 10.3%. An estimated 96,000 of these were Santa Clara County boardings.
4. Highway 17 Express* ridership was 187,404, down 5%. An estimated 96,000 of these were Santa Clara County boardings. No service provided in October 2005 due to labor strike.
5. ACE shuttle ridership was 186,801, up 6.6% (operates entirely in Santa Clara County).
6. Light Rail shuttle ridership was 549,225, up 76.2% (operates entirely in Santa Clara County).

Santa Clara Valley Transportation Authority

Key Performance Indicators

Fiscal year 2006 Preliminary Annual Transit Operations Performance Report

Ridership goals were developed using budget projections.

Farebox Recovery Factors

Farebox recovery ratio: Fiscal year 2003 annual was 11.8% fiscal year 2004 annual was 13.4% fiscal year 2005 annual was 14.0%. Fiscal year 2006 preliminary annual is 14.0% this did not meet the goal. Fiscal year 2006 adopted goal is greater than or equal to 14.9%.

Operating cost per total hour: Fiscal year 2003 annual was $163.41 fiscal year 2004 annual was $156.47 fiscal year 2005 annual was $158.79. Fiscal year 2006 preliminary annual was $165.02 this met or exceeded the goal. Fiscal year 2006 adopted goal is less than or equal to $163.68.  Reflects direct transit-related operating costs based on the full-time-equivalent (FTE) cost allocation methodology, in conformance with the NTD (National Transit Database) reporting methodology.

Average fare per boarding: Fiscal year 2003 annual was $0.685 fiscal year 2004 annual was $0.798 fiscal year 2005 was $0.865. Fiscal year 2006 preliminary annual is $0.875 this did not meet the goal. Fiscal year 2006 adopted goal is greater than or equal to $0.967

Boardings per total hour: Fiscal year 2003 annual was 28.2 fiscal year 2004 annual was 26.3 fiscal year 2005 annual was 25.7.  Fiscal year 2006 preliminary annual is 26.4 this met or exceeded the goal. Fiscal year 2006 adopted goal is greater than or equal to 25.2.

System Bus and Light Rail

Total boarding riders in millions: Fiscal year 2003 annual was 45.22 fiscal year 2004 annual was 38.37 fiscal year 2005 annual was 37.08. Fiscal year 2006 preliminary annual is 39.22 this met or exceeded the goal. Fiscal year 2006 adopted goal is greater than or equal to 38.00.

Average weekday boarding riders: fiscal year 2003 annual was 145,802 fiscal year 2004 annual was 123,224 fiscal year 2005 annual was 118,553. Fiscal year 2006 preliminary annual is 126,103 this met or exceeded the goal. Fiscal year 2006 adopted goal is greater than or equal to 122,900.

Percent of scheduled service operated: fiscal year 2003 annual was 99.23% fiscal year 2004 annual was 99.35% fiscal year 2005 annual was 99.39%. Fiscal year 2006 preliminary annual is 99.38% this met or exceeded the goal. Fiscal year 2006 adopted goal is greater than or equal to 99.30%.

Miles between major mechanical schedule loss: fiscal year 2003 annual was 5,370 fiscal year 2004 annual was 6,493 fiscal year 2005 annual was 6,702. Fiscal year 2006 preliminary annual is 5,877 this did not meet the goal. Fiscal year 2006 adopted goal is greater than or equal to 6,475. A mechanical failure is defined as an incident that prevents the vehicle from completing a scheduled service due to limited vehicle movement or safety concerns.

Miles between chargeable accidents: fiscal year 2003 annual was 181,347 fiscal year 2004 annual was 272,247 fiscal year 2005 annual was 215,416. Fiscal year 2006 preliminary annual is 210,502 this met or exceeded the goal. Fiscal year 2006 adopted goal is greater than or equal to 175,000.

Passenger concerns per 100,000 boardings: fiscal year 2003 annual was 8.08 fiscal year 2004 annual was 8.09 Fiscal year 2005 annual was 8.72. Fiscal year 2006 preliminary annual is 10.20 this did not meet the goal. Fiscal year 2006 adopted goal is less than or equal to 7.90.

Bus Operations

Total boarding riders in millions: fiscal year 2003 annual was 39.17 fiscal year 2004 annual was 32.90 fiscal year 2005 annual was 30.30. Fiscal year 2006 preliminary annual is 30.94 this met or exceeded the goal. Fiscal year 2006 adopted goal is greater than or equal to 30.79.

Average weekday boarding riders: fiscal year 2003 annual was 126,030 fiscal year 2004 annual was 105,588 fiscal year 2005 annual was 97,117. Fiscal year 2006 preliminary annual is 99,966 this met or exceeded the goal. Fiscal year 2006 adopted goal is greater than or equal to 99,400.

Boardings per total hour: fiscal year 2003 annual was 26.2 fiscal year 2004 annual was 24.2 fiscal year 2005 annual was 22.8. Fiscal year 2006 preliminary annual is 23.0 this met or exceeded the goal. Fiscal year 2006 adopted goal is greater than or equal to 22.6.

Percent of scheduled service operated: fiscal year 2003 annual was 99.18% fiscal year 2004 annual was 99.30% fiscal year 2005 annual was 99.34%.  Fiscal year 2006 preliminary annual is 99.33% this met or exceeded the goal. Fiscal year 2006 adopted goal is greater than or equal to 99.25%.

Miles between major mechanical schedule loss: fiscal year 2003 annual was 5,055 fiscal year 2004 annual was 6,192 fiscal year 2005 annual was 6,260.  Fiscal year 2006 preliminary annual is 5,394 this did not meet the goal. Fiscal year 2006 adopted goal is greater than or equal to 6,000. A mechanical failure is defined as an incident that prevents the vehicle from completing a scheduled service due to limited vehicle movement or safety concerns.

Miles between chargeable accidents:  fiscal year 2003 annual was 168,498 fiscal year 2004 annual was 263,126 fiscal year 2005 annual was 198,469. Fiscal year 2006 preliminary annual is 190,721 this met or exceeded the goal. Fiscal year 2006 adopted goal is greater than or equal to 160,000.

On-time performance: fiscal year 2003 annual was 94.8% fiscal year 2004 annual was 96.6% fiscal year 2005 annual was 94.0%. Fiscal year 2006 preliminary annual is 90.3% this did not meet the goal. Fiscal year 2006 adopted goal is greater than or equal to 95.0%.

Operator personal time-off: fiscal year 2003 annual was 11.1% fiscal year 2004 annual was 10.8% fiscal year 2005 annual was 8.3%. Fiscal year 2006 preliminary annual is 7.7% this met or exceeded the goal.  Fiscal year 2006 adopted goal is less than or equal to 10.0%.

Maintenance personal time-off: fiscal year 2003 annual was 8.6% fiscal year 2004 annual was 11.8% fiscal year 2005 annual was 9.4%. Fiscal year 2006 preliminary annual is 7.8% this met or exceeded the goal. Fiscal year 2006 adopted goal is less than or equal to 8.0%.

Passenger concerns per 100,000 boardings: fiscal year 2003 annual was 8.74 fiscal year 2004 annual was 8.94 fiscal year 2005 annual was 10.01. Fiscal year 2006 preliminary annual is 12.00 this did not meet the goal. Fiscal year 2006 adopted goal is less than or equal to 9.00.

Light Rail Operations

Total boarding riders in millions: fiscal year 2003 annual was 6.05 fiscal year 2004 annual was 5.47 fiscal year 2005 annual was 6.78. Fiscal year 2006 preliminary annual is 8.28 this met or exceeded the goal. Fiscal year 2006 adopted goal is greater than or equal to 7.21.

Average weekday boarding riders: fiscal year 2003 annual was 19,772 fiscal year 2004 annual was 17,636 fiscal year 2005 annual was 21,436. Fiscal year 2006 preliminary annual is 26,137 this met or exceeded the goal. Fiscal year 2006 adopted goal is greater than or equal to 23,500.

Boardings per total hour: fiscal year 2003 annual was 56.9 fiscal year 2004 annual was 55.3 fiscal year 2005 annual was 59.1. Fiscal year 2006 preliminary annual is 59.8 this met or exceeded the goal. Fiscal year 2006 adopted goal is greater than or equal to 49.7.

Percent of scheduled service operated: fiscal year 2003 annual was 99.95% fiscal year 2004 annual was 99.94% fiscal year 2005 annual was 99.93%. Fiscal year 2006 preliminary annual is 99.94% this met or exceeded the goal. Fiscal year 2006 adopted goal is greater than or equal to 99.90%.

Miles between major mechanical schedule loss: fiscal year 2003 annual was 29,577 fiscal year 2004 annual was 17,027 fiscal year 2005 annual was 24,646. Fiscal year 2006 preliminary annual is 26,615 this did not meet the goal. Fiscal year 2006 adopted goal is greater than or equal to 40,000.  A mechanical failure is defined as an incident that prevents the vehicle from completing a scheduled service due to limited vehicle movement or safety concerns.

Miles between chargeable accidents: fiscal year 2003 annual was 1,567,594 fiscal year 2004 annual was 488,109 Fiscal year 2005 annual was 1,774,543. Fiscal year 2006 preliminary annual is 2,129,189 this met or exceeded the goal. Fiscal year 2006 adopted goal is greater than or equal to 2,129,189. Goal is no more than one chargeable accident in a year. One recorded in FY '05, three recorded in FY '04, none recorded in FY '03, and one recorded in FY '02.

On-time performance: fiscal year 2003 annual was 90.2% fiscal year 2004 annual was 95.6% fiscal year 2005 annual was 96.7%. Fiscal year 2006 preliminary annual is 92.0% this did not meet the goal. Fiscal year to date 2006 adopted goal is greater than or equal to 95.0%.

Operator personal time-off: fiscal year 2003 annual was 10.5% fiscal year 2004 annual was 9.2% fiscal year 2005 annual was 7.5%. Fiscal year 2006 preliminary annual is 6.8% this met or exceeded the goal. Fiscal year 2006 adopted goal is less than or equal to 10.0%.

Maintenance personal time-off: fiscal year 2003 annual was 8.1% fiscal year 2004 annual was 10.6% fiscal year 2005 annual was 7.2%.  Fiscal year 2006 preliminary annual is 7.2% this met or exceeded the goal. Fiscal year 2006 adopted goal is less than or equal to 8.0%.

Way, power & signal personal time-off: fiscal year 2003 annual was 3.2% fiscal year 2004 annual was 5.8% fiscal year 2005 annual was 6.4%. Fiscal year 2006 preliminary annual is 8.1% this did not meet the goal. Fiscal year 2006 adopted goal is less than or equal to 8.0%.

Passenger concerns per 100,000 boardings: fiscal year 2003 annual was 3.78 fiscal year 2004 annual was 2.81 fiscal year 2005 annual was 2.95. Fiscal year 2006 preliminary annual is 3.50 this did not meet the goal. Fiscal year 2006 adopted goal is less than or equal to 3.00.

Paratransit

Passengers per revenue hour: fiscal year 2003 annual was 2.12 fiscal year 2004 annual was 2.30 fiscal year 2005 annual was 2.30. Fiscal year 2006 preliminary annual is 2.31 this met or exceeded the goal. Fiscal year 2006 adopted goal is greater than or equal to 2.30.

Net cost per passenger: fiscal year 2003 annual was $27.87 fiscal year 2004 annual was $27.26 fiscal year 2005 annual was $25.64. Fiscal year 2006 preliminary annual is $25.52 this met or exceeded the goal. Fiscal year 2006 adopted goal is less than or equal to $27.00.

Accessible Services Operating Statistics

FY 2006 Preliminary Transit Operations Performance Report

Ridership:  

Client Trips were 207,815 during the Fourth Quarter of FY 2006, and 189,950 during the Fourth Quarter of FY 2005, increasing 9.4 For Fiscal Year 2006, Client Trips were 788,355 and 739,331for Fiscal Year 2005, increasing 6.6%.

Attendant Trips were 48,099 during the Fourth Quarter of FY 2006, and 40,222 during the Fourth Quarter of FY 2005, increasing 19.6%. For Fiscal Year 2006, Attendant Trips were 182,421 and 162,467 for Fiscal Year 2005, increasing 12.3%.

Companion Trips were 2,561 during the Fourth Quarter of FY 2006, and 2,519 during the Fourth Quarter of FY 2005, increasing 1.7%. For Fiscal Year 2006, Companion Trips were 10,322 and 10,870 for Fiscal Year 2005, decreasing 5.0%.

Total Trips were 258,475 during the Fourth Quarter of FY 2006, and 232,691 during the Fourth Quarter of FY 2005, increasing 11.1%. For Fiscal Year 2006, Total Trips were 981,098 and 912,668 for Fiscal Year 2005, increasing 7.5%.

Average Weekday Trips were 3,598 during the Fourth Quarter of FY 2006, and 3,178 during the Fourth Quarter of FY 2005, increasing 13.2%. For Fiscal Year 2006, Average Weekday Trips were 3,414 and 3,104 for Fiscal Year 2005, increasing 10.0%.

Average Weekday Client Trips were 2,924 during the Fourth Quarter of FY 2006, and 2,629 during the Fourth Quarter of FY 2005, increasing 11.2%. For Fiscal Year 2006, Average Weekday Client Trips were 2,776 and 2,545 for Fiscal Year 2005, increasing 9.1%.

Active Clients were not calculated during the Fourth Quarter of FY 2006, and not calculated during the Fourth Quarter of FY 2005. For Fiscal Year 2006, Active Clients were 11,322 and 10,546 for Fiscal Year 2005, increasing 7.4%.

Average Trips per Monthly Client were not calculated during the Fourth Quarter of FY 2006, and not calculated during the Fourth Quarter of FY 2005.  For Fiscal Year 2006, Average Trips per Monthly Client were 69.63 and 70.11 for Fiscal Year 2005, decreasing 0.7%.

Premium Services: 

Same Day Trips were 2,929 during the Fourth Quarter of FY 2006, and 2,418 during the Fourth Quarter of FY 2005, increasing 21.1%. For Fiscal Year 2006, Same Day Trips were 9,422 and 10,312 for Fiscal Year 2005, decreasing 8.6%.

Second Vehicles were 287 during the Fourth Quarter of FY 2006, and 300 during the Fourth Quarter of FY 2005, decreasing 4.3%. For Fiscal Year 2006, Second Vehicles were 1,249 and 1,441 for Fiscal Year 2005, decreasing 13.3%.

Open Returns were 1,977 during the Fourth Quarter of FY 2006, and 1,741 during the Fourth Quarter of FY 2005, increasing 13.6%. For Fiscal Year 2006, Open Returns were 7,440 and 7,003 for Fiscal Year 2005, increasing 6.2%.

Service Area Surcharge Trips were 875 during the Fourth Quarter of FY 2006, and 715 during the Fourth Quarter of FY 2005, increasing 22.4%. For Fiscal Year 2006, Service Area Surcharge Trips were 3,024 and 2,714 for Fiscal Year 2005, increasing 11.4%.

Eligibility Interview/Appeal Trips were 1,371 during the Fourth Quarter of FY 2006, and 1,234 during the Fourth Quarter of FY 2005, increasing 11.1%. For Fiscal Year 2006, Eligibility Interview/Appeal Trips were 8,854 and 1,234 for Fiscal Year 2005, increasing 617.5%.  Eligibility Interview/Appeal Trips have been provided free of charge effective May 2005.

Subscription Trips were 89,454 during the Fourth Quarter of FY 2006, and 83,164 during the Fourth Quarter of FY 2005, increasing 7.6%. For Fiscal Year 2006, Subscription Trips were 335,527 and 313,522 for Fiscal Year 2005, increasing 7.0%.

Total Premium Service Trips were 96,893 during the Fourth Quarter of FY 2006, and 89,572 during the Fourth Quarter of FY 2005, increasing 8.2%. For Fiscal Year 2006, Total Premium Service Trips were 365,516 and 336,226 for Fiscal Year 2005, increasing 8.7%.  

Level of Service    

Revenue Miles were 1,608,230 during the Fourth Quarter of FY 2006, and 1,452,287 during the Fourth Quarter of FY 2005, increasing 10.7%. For Fiscal Year 2006, Revenue Miles were 6,125,878 and 5,701,818 for Fiscal Year 2005, increasing 7.4%.  

Revenue Hours were 112,378 during the Fourth Quarter of FY 2006, and 100,965 during the Fourth Quarter of FY 2005, increasing 11.3%. For Fiscal Year 2006, Revenue Hours were 425,079 and 396,125 for Fiscal Year 2005, increasing 7.3%.

Pay Miles were 1,450,390 during the Fourth Quarter of FY 2006, and 1,285,333 during the Fourth Quarter of FY 2005, increasing 12.8%. For Fiscal Year 2006, Pay Miles were 5,471,863 and 5,009,050 for Fiscal Year 2005, increasing 9.2%.

Passenger Miles (NTD) were 2,073,388 during the Fourth Quarter of FY 2006, and 1,868,275 during the Fourth Quarter of FY 2005, increasing 11.0%. For Fiscal Year 2006, Passenger Miles (NTD) were 7,895,850 and 7,313,867 for Fiscal Year 2005, increasing 8.0%.

Eligibility:   

Total Applications Received were 982 during the Fourth Quarter of FY 2006, and 1,376 during the Fourth Quarter of FY 2005, decreasing 28.6%. For Fiscal Year 2006, Total Applications Received were 6,587 and 6,011 for Fiscal Year 2005, increasing 9.6%.

New Applicants Certified were 843 during the Fourth Quarter of FY 2006, and 850 during the Fourth Quarter of FY 2005, decreasing 0.8%. For Fiscal Year 2006, New Applicants Certified were 4,596 and 2,813 for Fiscal Year 2005, increasing 63.4%.

New Applicants Denied were 32 during the Fourth Quarter of FY 2006, and 25 during the Fourth Quarter of FY 2005, increasing 28.0%. For Fiscal Year 2006, New Applicants Denied were 289 and 86 for Fiscal Year 2005, increasing 236.0%.

Clients Recertified were 107 during the Fourth Quarter of FY 2006, and 479 during the Fourth Quarter of FY 2005, decreasing 77.7%. For Fiscal Year 2006, Clients Recertified were 1,652 and 3,017 for Fiscal Year 2005, decreasing 45.2%.

Clients Denied Recertification were 0 during the Fourth Quarter of FY 2006, and 22 during the Fourth Quarter of FY 2005, decreasing 100.0%. For Fiscal Year 2006, Clients Denied Recertification were 50 and 95 for Fiscal Year 2005, decreasing 47.4%.

Expenses and Revenues    

Expenses:

Broker Costs were $1,103,312 during the Fourth Quarter of FY 2006, and $1,064,690 during the Fourth Quarter of FY 2005, increasing 3.6%. For Fiscal Year 2006, Broker Costs were $4,122,432 and $3,949,886 for Fiscal Year 2005, increasing 4.4%.

Vendor Costs were $6,266,116 during the Fourth Quarter of FY 2006, and $5,659,989 during the Fourth Quarter of FY 2005, increasing 10.7%. For Fiscal Year 2006, Vendor Costs were $23,768,599 and $21,991,553 for Fiscal Year 2005, increasing 8.1%.

Total Costs were $7,369,428 during the Fourth Quarter of FY 2006, and $6,724,679 during the Fourth Quarter of FY 2005, increasing 9.6%. For Fiscal Year 2006, Total Costs were $27,891,031 and $25,941,439 for Fiscal Year 2005, increasing 7.5%.

Revenues:

Client Fare were $678,170 during the Fourth Quarter of FY 2006, and $663,390 during the Fourth Quarter of FY 2005, increasing 2.2%. For Fiscal Year 2006, Client Fare were $2,584,170 and $2,360,560 for Fiscal Year 2005, increasing 9.5%.

Other Fare were $75,992 during the Fourth Quarter of FY 2006, and $45,897 during the Fourth Quarter of FY 2005, increasing 65.6%. For Fiscal Year 2006, Other Fare were $246,644 and $166,472 for Fiscal Year 2005, increasing 48.2%.

Non-VTA Broker Revenue were $4,720 during the Fourth Quarter of FY 2006, and $4,609 during the Fourth Quarter of FY 2005, increasing 2.4%. For Fiscal Year 2006, Non-VTA Broker Revenue were $17,578 and $17,809 for Fiscal Year 2005, decreasing 1.3%.

Total were $758,882 during the Fourth Quarter of FY 2006, and $713,896 during the Fourth Quarter of FY 2005, increasing 6.3%. For Fiscal Year 2006, Total were $2,848,392 and $2,544,841 for Fiscal Year 2005, increasing 11.9%.

Net Expenses  $6,610,547 during the Fourth Quarter of FY 2006, and $6,010,783 during the Fourth Quarter of FY 2005, increasing 10.0%. For Fiscal Year 2006, Net Expenses  $25,042,639 and $23,396,598 for Fiscal Year 2005, increasing 7.0%.

Fare Recovery Rate was 10.23%. during the Fourth Quarter of FY 2006, and 10.55%. during the Fourth Quarter of FY 2005, decreasing 3.0%. For Fiscal Year 2006, Fare Recovery Rate was 10.15%. and 9.74%. for Fiscal Year 2005, increasing 4.2%.

Capital Expenses were $2,400 during the Fourth Quarter of FY 2006, and $12,202 during the Fourth Quarter of FY 2005, decreasing 80.3%. For Fiscal Year 2006, Capital Expenses were $15,879 and $25,171 for Fiscal Year 2005, decreasing 36.9%.

Total Expenses were $6,612,947 during the Fourth Quarter of FY 2006, and $6,022,985 during the Fourth Quarter of FY 2005, increasing 9.8%. For Fiscal Year 2006, Total Expenses were $25,058,518 and $23,421,769 for Fiscal Year 2005, increasing 7.0%.

Cost Per Passenger Trip (excludes capital expenses)   

Total Reported Costs were $28.51 during the Fourth Quarter of FY 2006, and $28.90 during the Fourth Quarter of FY 2005, decreasing 1.3%. For Fiscal Year 2006, Total Reported Costs were $28.43 and $28.42 for Fiscal Year 2005, increasing 0.0%.

Fare Revenue was $2.92 during the Fourth Quarter of FY 2006, and $3.05 during the Fourth Quarter of FY 2005, decreasing 4.3%. For Fiscal Year 2006, Fare Revenue was $2.89 and $2.77 for Fiscal Year 2005, increasing 4.2%.

Non-fare revenue were $0.02 during the Fourth Quarter of FY 2006, and $0.02 during the Fourth Quarter of FY 2005, increasing 0.0%. For Fiscal Year 2006, Non-fare revenue were $0.02 and $0.02 for Fiscal Year 2005, increasing 0.0%.

Net Cost per Passenger Trip was $25.57 during the Fourth Quarter of FY 2006, and $25.83 during the Fourth Quarter of FY 2005, decreasing 1.0%. For Fiscal Year 2006, Net Cost per Passenger Trip was $25.52 and $25.63 for Fiscal Year 2005, decreasing 0.4%.

Performance    

Passengers per Revenue Hour were 2.300 during the Fourth Quarter of FY 2006, and 2.305 during the Fourth Quarter of FY 2005, decreasing 0.2%. For Fiscal Year 2006, Passengers per Revenue Hour were 2.308 and 2.304 for Fiscal Year 2005, increasing 0.2%.

Passenger Miles per Pay Mile were 1.430 during the Fourth Quarter of FY 2006, and 1.454 during the Fourth Quarter of FY 2005, decreasing 1.7%. For Fiscal Year 2006, Passenger Miles per Pay Mile were 1.443 and 1.460 for Fiscal Year 2005, decreasing 1.2%.

Pay Miles per Passenger Trip were 5.611 during the Fourth Quarter of FY 2006, and 5.524 during the Fourth Quarter of FY 2005, increasing 1.6%. For Fiscal Year 2006, Pay Miles per Passenger Trip were 5.577 and 5.488 for Fiscal Year 2005, increasing 1.6%.

Pay Miles / Revenue Mile were 90.19%. during the Fourth Quarter of FY 2006, and 88.50%. during the Fourth Quarter of FY 2005, increasing 1.9%. For Fiscal Year 2006, Pay Miles / Revenue Mile were 89.32%. and 87.85%. for Fiscal Year 2005, increasing 1.7%.

Late Rate was 3.16%. during the Fourth Quarter of FY 2006, and 0.87%. during the Fourth Quarter of FY 2005, increasing 262.4%. For Fiscal Year 2006, Late Rate was 2.25%. and 0.72%. for Fiscal Year 2005, increasing 212.5%.

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