Layout 1 - Charlotte-Mecklenburg County

FY2011 TRANSIT OPERATING PROGRAM
Operating Income
Operating income at $114.0 million is $6.5 million less than the FY2011 adopted budget.
Income from CATS’ key source of revenue, the one-half cent Sales & Use tax was $3.4 million below the FY2011 adopted
budget and $0.6 million lower than the mid-year estimate. Maintenance assistance from the State of North Carolina was $0.9
million below budget. The State’s appropriation for maintenance assistance to transit agencies has not kept pace with the
increase in the number of transit agencies and performance of the agencies.
The revenue from fares and service reimbursements increased by $0.4 million versus the adopted budget. This is noteworthy,
because the increase occurred despite the regular fare increase which was implemented in July 2010.
Operating Expense
Operating expense at $96.8 million is $5.0 million below the FY2011 adopted
budget. The actual operating cost was 4.9% lower than the actual operating cost
in FY2010. Within this cost, CATS absorbed the increased costs of fuel and
security and maintained the level of its core services with no reductions in the
workforce.
CATS was able to achieve the lower than FY2010 operations cost through the
following cost-savings initiatives:
• Inventory management
• Reduction of contracted services by CATS Facilities
• Freezing positions in the Bus Operations and Administration Divisions
• Reduction in discretionary expenses in all CATS cost centers
•21•
Vanpool 1%
Admin 5%
STS 8%
Rail 13%
Bus 73%
FY2011 Operating Expenses