to view Short Range Transit Plan FY 2007/2008 - Tri Delta Transit

In FY 2002-03, increases in unit operating expenses reflected fuel priceand health care inflation at that time, then moderating the followingyear. In contrast, fuel, health care, and other material expensesresumed their strong upward trend in FY’s 2004-05, 2005-06, and2006-07.Operating revenues have consistently grown faster than patronagesince the turn of the century. Average fare per passenger was $0.62 inFY 1999-2000 and $0.89 during FY 2006-07. This included purchase oftransit passes by the County of Contra Costs for Route 200 and otheruser-side subsidies. Fares were also increased during FY 2006-07,which contributed to revenue growth. Overall fare revenue growthlagged the operating expense rate of increase, with Tri Delta Transit’sfarebox recovery ratio declining from 20% during FY 1999-2000 to alow of 15.7% in FY 2005-06, and stabilizing at 16.0% during FY 2006-07.Overall subsidy per passenger was $2.49 during FY 1999-2000,increasing to $4.68 in FY 2006-07, up 88% in eight years. During thistime as previously mentioned, the cost factors contributing to transitoperating expenses increased 48%, while the official inflation ratereflected in the government’s Consumer Price Index (CPI) increased byabout 16%-17%. If inflation had been calculated by the methods usedbefore 1993, the CPI would have increased close to the rate actuallyexperienced by Tri Delta Transit (see http://www.shadowstats.com forone private sector analyst’s discussion of this issue).Figure 3.3 Farebox/Operating Revenue Cost Recovery Trends25.0%20.0%15.0%10.0%5.0%0.0%1994-951995-961996-971997-981998-991999-002000-012001-022002-032003-042004-052005-062006-07Cost Recovery Ratio31