ANNUAL REPORT 2008/09 - BC Transit

Corporate PerformanceThe table below summarizes revenue, operating costs, service hours and passengers for all BC Transit programs (MunicipalSystems Program and Victoria Regional Transit System combined) for the 2008/09 fiscal year, compared to corporate targets.Separate program level results for the Victoria Region and the Municipal Systems program are provided in Appendix 1 and 2.Corporate PerformanceFigures in thousands2006/07 2007/08 2008/09 2008/09 2009/10 2010/11 2011/12SUMMARY Actual Actual ActualCorporateTargetService PlanTarget **Service PlanTarget **Service PlanTarget **Operating cost 129,508 145,044 169,427 166,602 188,432 201,610 229,130Passenger and advertising revenue 50,917 55,925 59,632 62,333 67,505 74,147 85,083Service hours 1,720 1,833 2,011 2,056 2,140 2,230 2,430Revenue passengers 42,534 44,684 47,576 48,307 50,076 52,580 55,209* Total operating cost above is operations, maintenance, administration, salaries and benefits expenses on the audited financial statements.** Service Plan Targets are based on the 2009/10 - 2011/12 Service PlanIn May of 2008, the BC Transit Board of Directors amended corporate targets to reflect service changes. The revised targetsreflect the corporate targets for 2008/09.The following Management Discussion and Analysis is based upon these revised targets.Corporate Target RevisionFigures in thousandsService Plan(Feb/08)Corporate Budget(May/08)Revenue $63,455 $62,333Operating Costs $164,355 $166,602Service Hours 2,075 2,056Passengers 48,921 48,30720BC TRANSIT 2008/09 ANNUAL REPORT