FY 2013 Operating and Capital Budget - Metro Transit

service and financing lease payments by 1.00 times. The same calculation for future years
must be sufficient to cover maximum annual debt service and lease payments, including
payments on any debt to be issued, varying with each financing.
Revenue Policies
Revenue Diversification
Since revenue from passenger fares only covers a portion of operating expenses, Metro seeks
to diversify its sources of revenue wherever possible.
Operating Revenues
Operating revenues are recorded in the accounting period in which they become earned and
measurable.
• Transit- passenger fares, bus and shelter advertising, real property rental income, and
miscellaneous non-capital project billings.
• Agency (Executive Services)- Management fees from each operating unit.
• Gateway Arch Tram System- passenger ticket sales and site rental for special receptions.
• Gateway Arch Parking Facility- daily and monthly parking and special event parking
fees.
• Riverfront Attractions- riverboat cruise fee revenues, food, beverage and gift shop sales
associated with riverboat cruises, bicycle rentals, helicopter tours and concession
revenues.
• St. Louis Downtown Airport- aircraft parking, leased acreage, hangar rentals, aviation
fuel sales, concession revenues, and other revenues for security, utilities and trash
removal.
Establishing Fares and Fees
• Transit - passenger fares require approval by the Board of Commissioners and 30-day
public notice prior to implementation.
• Business Enterprises fares require approval by the Board of Commissioners.
Non-Operating Revenues
Non-operating revenues are recorded in the accounting period in which they become earned
and measurable. There are primarily three sources of non-operating income; grants,
assistance (local, state, federal), and sales tax appropriations.
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