NOTICE OF MEETING AND AGENDA - Metro Transit

NOTICE OF MEETING AND AGENDAMETROBOARD OF COMMISSIONERSFRIDAY, SEPTEMBER 23, 2011, 10:30 A.M.Metro Headquarters707 North First Street6 th Floor Board RoomSt. Louis, Missouri 63102This location is accessible to persons with disabilities. Individuals with disabilities needinginformation or communication accommodations should call Metro at (314) 982-1400; for TTYaccess, call Relay 711. Sign language interpreter services or other accommodations for personswith hearing or speech disabilities will be arranged if a request for such service is made at least twodays in advance of the meeting. Large print material, Braille material or other formats will also beprovided upon request.Agenda Disposition Presentation1. Call to Order Approval Chairman Schoemehl2. Roll Call3. Presentation of Resolution to Former CommissionerDr. Richard LaBore4. Minutes of Prior Open Session Meetings5. Report of Treasurer6. Report of PresidentQuorumPresentationApprovalInformationInformationS. BryantChairman SchoemehlChairman SchoemehlCommissioner DietzelJ. Nations7. Adjustment of Consent Agenda8. Consent Agenda Item(s)(a) Contract Modification: The Hartford LifeInsurance Company (M. Pete / L. Jackson)(b) Contract Award: Express Scripts, Inc.(M. Pete / L. Jackson)(c) Sole Source Contract Award: Trapeze ITS,U.S.A., LLC for Fleet-wide CAD/AVLExpansion (R. Friem / L. Jackson)9. Revision to Board Bylaws Article IV, Section 10.020,Committees of the Board, Section 10.040, StandingCommittees; and Board Policy Chapter 30, Section30.005, Audit Committee Charter10. Gateway Arch Drainage Project11. Financial Statements, FY 2011, Fourth Quarter12. Performance Indicators, FY 2011, Fourth Quarter13. Procurement Activity Report, FY 2011, Fourth QuarterApprovalApprovalConsider/TableInformationInformationInformationInformationChairman SchoemehlChairman SchoemehlJ. Nations / D. Joyce-HayesJ. NixonK. KlevornK. KlevornL. Jackson

Board of Commissioners MeetingSeptember 23, 2011Page 2Agenda Disposition PresentationApproval Chairman SchoemehlInformation Chairman SchoemehlApproval Chairman Schoemehl14. Unscheduled Business15. Public Comment*16. Executive SessionIf such action is approved by a majority vote of TheBi-State Development Agency’s Board ofCommissioners who constitute a quorum, the Boardmay go into closed session to discuss legal,confidential, or privileged matters under§610.021(1), RSMo 1988 Supp.; leasing, purchaseor sale of real estate under §610.021(2); personnelactions under §610.021(3); discussions regardingnegotiations with employee groups under§610.021(9); personnel records or applicationsunder §610.021(13); or records under§610.021(14) which are otherwise protected fromdisclosure by law; or confidential or privilegedcommunications with the District’s auditor,including auditor work products under§610.021(17).17. Approval of Executive Session Items18. Executive Session Authorization for Next Meeting19. Call of Dates for Future Board Meetings20. AdjournmentApprovalApprovalInformationApprovalChairman SchoemehlChairman SchoemehlS. BryantChairman Schoemehl*Public comment may be made at the written request of a member of the public specifying thetopic(s) to be addressed and provided to the Agency’s information officer at least 48 hours prior tothe meeting.

BI-STATE DEVELOPMENT AGENCYTREASURER’S REPORT, JUNE 2011INVESTMENTS:YieldsAgency investments had an average yield of .20% in June, which compares to .19% in May. Forreference, the yield on the ninety day U.S. Treasury Bill was .03% in June and .04% in May. Variousfactors, including continued global economic and political uncertainty, have caused interest rates to remainexceptionally low.Invested FundsThe Agency had invested funds of approximately $143 million at June 30 th , which compares to $146million at May 31 st . Investments with trustees were $29 million at June 30 th , which compares to $26million at May 31 st . All investments were in compliance with board policy.DEBT MANAGEMENT:Debt Service Reserve Fund, 2002 BondsIn 2002, Metro issued $414 million in bonds to fund the MetroLink Cross-County Extension. Theindenture for the bonds specified that a $28 million Debt Service Reserve Fund (DSRF) be established.Metro had the option of cash funding this requirement or purchasing an AAA rated surety. Metro chose topurchase a surety from Financial Security Assurance Corporation (FSA, now Assured) which at the time ofissuance had an AAA rating from all three credit rating agencies. On October 25, 2010, Assured lost itslast AAA rating. This requires Metro to cash fund the DSRF by October 25, 2011. Metro finance staffpresented a recommendation regarding funding the DSRF to the Board in March, which involved usingFTA grant money ($18 million), a loan from the State of Missouri Infrastructure Bank ($5 million), andMetro cash reserves ($5 million). The Board approved the plan and staff is now working on implementingit. Metro’s loan application with the State Infrastructure Bank has been approved.Variable Rate BondsIn November 2010, the Letter of Credit (LOC) for the $150 million Series 2005 Variable Rate Cross-County Bonds expired. In October, the bonds were refunded in two different issues: the $75 million SeriesA Variable Rate (weekly reset) Bonds, with a J.P. Morgan Chase LOC; and the $75 million Series B FixedRate Bonds (fixed for three years at a yield of 1.70%) The $75 million Series A Weekly Variable RateBonds were issued at an initial rate of .27%, and Metro pays J.P. Morgan 1.075% for the LOC. The rateon the Series A Bonds was .13% at June 30 th , a decline of six basis points from the prior month (a basispoint equals $7,500 annually on $75 million.). For comparison purposes, the SIFMA index (an index ofhigh quality weekly variable rate municipal debt) was .09% at June 30 th .Capital LeasesThe Agency has terminated two of its three leveraged lease (capital lease) transactions. In February 2011,staff negotiated a default cure with the lease investor on the C1 and C2 tranche of the ’01 Lease and thistransaction was closed on February 4. The Agency has no exposure at this time to default issues with leasetransactions.FUEL HEDGING:In June, in conjunction with its fuel-hedging program, the Agency realized gains of approximately$190,000 on the sale of Home Heating Oil #2 futures contracts which compares to $165,000 for the priormonth. Unrealized gains in June on the Agency’s futures positions were approximately $1.2 million,compared to $1.6 million at May 31 st . Generally, as the price of oil increases, the value of the Agency’sfutures positions also increases, and acts to partially offset the actual price paid for fuel. The opposite istrue, and if oil prices drop the value of Agency’s future’s positions decreases. An increase in unrealizedgains would generally indicate that the price of fuel is rising, and losses would indicate fuel prices arefalling.Prepared by Treasury Services, August 15, 20111

THE BI-STATE DEVELOPMENT AGENCYMONTHLY TREASURER'S REPORTBANK / ISSUER SUMMARYas of 6/30/11Summary Page 1/2BANK /ISSUER:CREDIT Bi-State Directed CERTIFICATES REPURCHASE GOVERNMENT COMMERCIAL MARKETRATING all non debt/lease assets, inc. Prop M: CASH OF DEPOSIT AGREEMENTS OTHER SECURITIES PAPER\ BA's TOTAL VALUE NOTESC#, A+, AAA^ BANK OF AMERICA (BOA) 4,039,994 0 15,000,000 2,757,318 0 0 21,797,312 21,797,312 FDIC\tri-party collateral(deposits).AAA ^ BLACK ROCK (BOA\PNC\BARCLAYS) 0 0 0 3,988,854 0 0 3,988,854 3,988,854 Money Market Fund (Govt. Securities).AAA ^ MERRILL LYNCH (BOA) 0 0 0 4,143,794 0 0 4,143,794 4,143,794 Money Market Fund (First Tier ).CENTRAL BANK KC.(FRM.GATEWAY) 0 100,000 0 0 0 0 100,000 100,000 FDIC Insured.A+ ^* COMMERCE BANK 0 12,007,482 0 0 0 0 12,007,482 12,007,482 FDIC\FRB collateral.AAA ^ FEDERATED SECURITIES 0 0 0 774,472 0 0 774,472 774,472 Money Market Fund (Govt. Securities).1ST CLOVERLEAF(FRM PARTNERS) 0 650,000 0 0 0 0 650,000 650,000 FDIC\AAA rated surety bond.JEFFERSON BANK & TRUST 24,791 0 187,413 0 0 0 212,204 212,204 FDIC; repo coll. held at JBT.B# AAA JP MORGAN (87,655) 0 0 0 0 0 (87,655) (87,655) FDIC (bank acct.) Mon. Markt Fund (1st Tier)RBC DAIN RAUSCHER 0 0 0 5,307,229 0 0 5,307,229 5,307,229 Commodities Margin Acct. (fuel hedging)RJ O'BRIEN 0 0 0 1,045,064 0 0 1,045,064 1,045,064 Commodities Trading Acct. (fuel hedging)C#,BBB+^ REGIONS BANK 81,418 0 0 0 0 0 81,418 81,418 FDIC Insured.C#,AAA ^ UBS FINANCIAL 0 0 0 8,100,353 0 0 8,100,353 8,100,353 Money Market Fund (First Tier ).B#,A ^ UMB BANK (608,971) 0 16,670,000 0 0 0 16,061,029 16,061,029 FDIC\FRB Collateral.A/B#, AA- # U.S. BANK 22,485 0 0 674,245 0 0 696,730 696,730 FDIC\FRB Collateral.AAA ^ ILLINOIS FUNDS 0 0 0 196,004 0 0 196,004 196,004 Illinois State Treasurer Investment Pool.AAA ^ FARM CREDIT BANK 0 0 0 0 4,496,345 0 4,496,345 4,502,065 Safekept at Bank of America.AAA ^ FEDERAL HOME LOAN BANK 0 0 0 0 35,490,259 0 35,490,259 35,522,625 Safekept at Bank of America.U.S. TREASURY 0 0 0 0 27,962,052 0 27,962,052 28,002,925 Safekept by BOA or designated agent.sub-total this page 3,472,062 12,757,482 31,857,413 26,987,333 67,948,656 0 143,022,946 143,101,905Bi-State directed, inc. Prop MKEY TO CREDIT RATINGS: ABBREVIATIONS (notes):^ Standard and Poors- Moody's Ratings * Commerce no longer rated by Fitch. FDIC- Federal Deposit Insurance Corp.Senior debt of, Issuer and\or specific Money Market Fund used. FRB - Federal Reserve Bank# Fitch (formerlyThomson) BankWatch BANK rating3

THE BI-STATE DEVELOPMENT AGENCYMONTHLY TREASURER'S REPORTBANK / ISSUER SUMMARY as of 6/30/11Summary Page 2/2CREDIT BANK/ISSUER(Trustee Directed) CERTIFICATES REPURCHASE GOVERNMENT COMMER- MARKETRATING debt or lease related assets: CASH OF DEPOSIT AGREEMENTS OTHER SECURITIES CIAL PAPER TOTAL VALUE NOTESDEBT ISSUES/LOANSArch Garage Ref. Bonds 1997:UMB TRUSTB#,A ^ UMB BANK 17,699 0 0 12,423 0 0 30,122 30,122 FDIC\FRB Collateral.U.S. TREASURY 0 0 0 0 649,177 0 649,177 649,961AAA ^ FEDERATED 0 0 0 1,147,451 0 0 1,147,451 1,147,451 Money Market Fund (Treasury Securities).sub-total 17,699 0 0 1,159,874 649,177 0 1,826,750 1,827,534Cross County Bonds '02,'05.'07:A\B # BANK OF NEW YORK -MELLON TRUSTAAA ^ BLACK ROCK (BOA\MERRILL\PNC) 0 0 0 21,237,629 0 0 21,237,629 21,237,629 Money Market Fund (First Tier).AAA ^ COLUMBIA (BOA) 0 0 0 0 0 0 0 0 Money Market Fund (First Tier).AAA ^ DREYFUS 0 0 0 2,082,010 0 0 2,082,010 2,082,010 Money Market Fund (Govt.Agncy).FHLB 0 0 0 0 4,000,725 0 4,000,725 4,004,080 "SLGS" Safekept by Trustee.sub-total 0 0 0 23,319,639 4,000,725 0 27,320,364 27,323,719SUB-TOTAL TRUSTEE (BONDS&LOANS) 17,699 0 0 24,479,513 4,649,902 0 29,147,114 29,151,253SUB-TOTAL BI-STATE AND TRUSTEE 3,489,761 12,757,482 31,857,413 51,466,846 72,598,558 0 172,170,060 172,253,158LEASE FINANCINGSLRV Lease\Leaseback 1995:A- ^ AIG FINANCIAL PRODUCTS 0 0 0 0 0 0 0 0 Guaranteed Investment Contract.AAA RESOLUTION TRUST CORP. 0 0 0 0 0 0 0 0 Held by Trust Agent per agreement.sub-total 0 0 0 0 0 0 0 0LRV Lease\Leaseback 2001:A- ^ (AIG) FSA\PREMIER\AIG 0 0 0 78,280,933 0 0 78,280,933 78,280,933U.S. TREASURY 0 0 0 0 8,721,177 0 8,721,177 8,737,717sub-total 0 0 0 78,280,933 8,721,177 0 87,002,110 87,018,650sub-total leases 0 0 0 78,280,933 8,721,177 0 87,002,110 87,018,650GRAND TOTAL $3,489,761 $12,757,482 $31,857,413 $129,747,779 $81,319,735 $0 $259,172,170 $259,271,8084

INVESTMENT CATEGORY DESCRIPTIONSCASH: Demand deposit accounts. Some accounts are consolidated by bank for presentation purposes.Negative balances generally reflect check float. The Agency’s bank accounts are protected either byFederal Deposit Insurance Corporation (FDIC) insurance, or collateralized with securities pledged to theAgency and held either in a segregated customer account, tri-party account, or at the Federal Reserve.CERTIFICATES OF DEPOSIT: Non-negotiable certificates of deposit, protected by FDIC insurance,AAA rated surety or Letter of Credit, or collateralized with securities placed in joint safekeeping with theAgency at the Federal Reserve Bank.BANKER’S ACCEPTANCE (BAs): Negotiable investment instruments created by banks to financecommercial trade transactions. The Agency investment policy permits purchase of BAs only from banksrated “B” or better by Fitch Ratings (formerly Thomson BankWatch-see ratings descriptions below).REPURCHASE AGREEMENTS: An investment created by the simultaneous sale and repurchase of asecurity (usually a government security) for different settlement dates.OTHER: Interest checking, money market funds, guaranteed investment contracts (GICs) andinvestment agreements. Also includes fuel hedging related accounts. Agency policy restricts use ofmoney market funds to Triple A rated institutional funds which have over $500 million in assets.GOVERNMENT SECURITIES: Securities (bills, discount notes, strips, coupon notes and bonds),issued by the U.S. Treasury or U.S. Government Agencies. Some securities are subject to “call”(redemption before stated final maturity).COMMERCIAL PAPER: Short-term unsecured promissory note that is the obligation of the issuingentity, generally a large corporation (see ratings descriptions below).NOTE: Permitted Agency investments are specified in Board Policy 30.040. All investments areshown at cost, unless otherwise noted. Market values shown for government securities orcommercial paper are considered “subject to market” and provided for informational use only.Cost or par approximates market for other investments, and some of these may be subject topenalty for early redemption.CREDIT QUALITY RATING DEFINITIONSFitch Bank Ratings (formerly Thomson/Keefe BankWatch):A A very strong bank.B A strong bank.C An adequate bank.D A bank that has weaknesses of internal and/or external origin.E A bank with very serious problems that either requires or is likely to require support.Standard & Poor’s and Moody’s Investor Services:AAA Standard & Poor’s and Moody’s rate credit quality on an A to C scale, with A regarded as“investment grade” and C as “speculative.” The triple A rating (AAA by Standard andPoor’s or Aaa by Moody’s) indicates that the issuer or specific investment instrument isof the highest credit quality (lowest expectation of risk.) This rating is assigned onlywhen there is exceptionally strong capacity for timely payment of financial commitments.A1-P1 Commercial Paper issues rated “A-1 by Standard and Poor’s and “P-1” by Moody’s havethe greatest capacity for timely payment (least risk).A2-P2 Commercial Paper issues rated “A-2” by Standard and Poor’s and P-2 by Moody’s have asatisfactory capacity for timely payment. The Agency’s investment policy permitspurchase of A2-P2 commercial paper from issuers with a business presence in the St.Louis region.5

BI-STATE DEVELOPMENT AGENCYANNUAL INVESTMENT REPORTFOR MOST CURRENT 12 MONTHSFunds (ooo's omitted) Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11Bi-State Investments 67,294 66,978 71,473 73,262 78,434 81,202 82,885 84,971 91,915 98,124 93,797 90,719Bi-State Prop M Investments 55,862 55,873 55,798 62,530 60,703 54,330 54,671 53,824 52,143 52,099 52,623 53,025Total 123,156 122,851 127,271 135,792 139,137 135,532 137,556 138,795 144,058 150,223 146,420 143,744Projected Total 125,000 125,000 125,000 125,000 125,000 125,000 125,000 125,000 125,000 125,000 125,000 125,000Trustee Investments 38,445 41,066 43,773 19,062 21,790 24,006 26,636 29,436 32,514 23,210 25,962 29,147Yields\Rates Information Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11Bi-State 0.15% 0.17% 0.18% 0.18% 0.17% 0.17% 0.17% 0.17% 0.15% 0.11% 0.10% 0.12%Prop M 0.31% 0.31% 0.28% 0.26% 0.24% 0.23% 0.24% 0.30% 0.29% 0.26% 0.34% 0.33%Average 0.22% 0.24% 0.22% 0.21% 0.20% 0.20% 0.20% 0.22% 0.19% 0.16% 0.19% 0.20%Projected Yield 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30%Trustee 0.14% 0.15% 0.21% 0.18% 0.15% 0.15% 0.15% 0.15% 0.13% 0.10% 0.18% 0.14%3-Month T-Bills 0.16% 0.16% 0.15% 0.13% 0.14% 0.14% 0.14% 0.13% 0.10% 0.06% 0.04% 0.03%Fed Funds (target) 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25%20-Year Municipals 4.32% 4.03% 3.87% 3.87% 4.40% 4.92% 5.28% 5.15% 4.92% 4.99% 4.59% 4.59%SIFMA (BMA) Index (month end) 0.28% 0.25% 0.27% 0.28% 0.27% 0.34% 0.29% 0.27% 0.25% 0.26% 0.18% 0.09%ANNUAL YIELDSP e r c e n t5.5%5.0%4.5%4.0%3.5%3.0%2.5%2.0%1.5%1.0%0.5%0.0%Average Projected Yield 3-Month T-Bills6

Bi-State Development AgencyMonthly Investment ReportReport of Term Investment* Purchases: June 2011`Item Investments- Bi-State: Par Amount Purchased Maturity Date Term(days) Yield Purchased From Fund1 FHLB Discount Note $2,000,000 06/28/11 12/21/11 176 0.09% UMB Bank Transit Working Capital2 FHLB Discount Note $2,000,000 06/28/11 12/21/11 176 0.09% UMB Bank Prop M County3 Commerce Bank CD $1,000,000 06/28/11 12/28/11 183 0.08% Commerce Bank Transit Working Capital4 FHLB (step-callable, .5% to 1.50% if not called) $1,500,000 06/29/11 12/15/13 900 0.50% Bank of America Prop M County5 FHLB Bond (callable) $500,000 06/28/11 12/23/13 909 0.86% UMB Bank Prop M CountyTotal $7,000,000NOTES:* Only investments with an original term of over 14 days.7

Metro Diesel Fuel Hedging Program - FY2011Diesel Fuel Budget \ Actual Comparison: Jun 2011 Year to Date Life to Datea Gallons consumed-actual 517,164 5,501,333 41,989,366b Average cost per gallon-actual $ 3.12 $ 2.67 $2.06c=(a*b) Total Diesel Fuel Cost-Actual $ 1,611,288 $ 14,661,453 $ 86,383,778d Gallons consumed- budget 450,167 5,398,824 44,730,459e Average cost per gallon- budget $ 2.59 $ 2.56 $2.00f=(d*e) Total Diesel Fuel Cost- Budget $ 1,323,998 $ 13,835,843 $ 89,608,218g=(f-c) Budget Variance (Unfavorable) $ (287,290) $ (825,610) $ 3,224,440h Realized Futures Gains (Losses) $ 190,363 $ 1,478,660 $ 3,451,438i=(c-h) Net Cost of Fuel $ 1,420,925 $ 13,182,793 $ 82,932,340j=(i-f) Net Budget Variance (Unfavorable) $ (96,927) $ 653,050 $ 6,675,878j=(i/f) Net Cost of Fuel, Per Gallon, inc. Hedge $ 2.75 $ 2.40 $1.98k=(e-i) Net Budget Variance Per Gallon $ (0.16) $ 0.16 $0.02Futures Activity:Futures Contracts Purchased 35Futures Contracts Sold 18Futures Contracts Net Change at month end 17Total Open Futures Contracts, at month end 71Futures Contracts Unrealized Gain/(Loss) * $1,236,740(% of Estimated Future Consumption) 44%* = At month endExplanatory Notes:Consumption budgeted at approximately 110,000 gallons per week.Current diesel contracts: diesel =Platts + 10.02 cents per gal.; B2 diesel= Platts + 16.07 cents per gal.A futures contract equals 42,000 gallons.Numbers above rounded.Amounts do not include transaction or consulting costs.Futures Contracts are purchased from Aug, 2011 through Oct, 2012 (15 months).Background:Linwood Capital is a consultant retained by Metro since April 2004 to assist with its energy price risk management program.Metro manages the cost of fuel by utilizing purchase of exchange traded futures, specifically NYMEX Heating Oil#2 (HO#2) futures.Generally, as oil prices increase, the value of the futures goes up, and acts to partially offset the actual increase in the price of fuel.8

Bi‐State Development AgencyProjected Transit System Cash Flow (draft, discussion only)(dollars in thousands)Actuals Actuals Actuals Actuals Actuals Actuals Actuals Actuals Actuals Actuals Actuals Actuals ActualsNote‐ Figures are estimates and subject Fiscal Yr JUL AUG SEPT OCT NOV DEC JAN FEB MAR APR MAY JUNE Fiscal Yr JULY AUG SEPT OCT NOV DEC FY'12to change. 2010 2010 2010 2010 2010 2010 2010 2011 2011 2011 2011 2011 2011 2011 2011 2011 2011 2011 2011 2011 Six monthsBEGINNING CASH BAL. OPER.&REV. FUNDS $7,836 $15,000 $5,800 $3,201 $7,800 $5,500 $14,500 $16,300 $17,900 $19,500 $25,200 $32,034 $27,391 $15,000 $23,701 $14,817 $5,186 $27,268 $29,928 $32,994 $23,701CASH RECEIPTS:1/2 Cent Sales Tax ‐ St Louis County 34,732 0 5,156 3,960 2,929 1,998 3,016 2,919 3,506 2,214 3,731 2,595 3,353 35,377 0 0 6,925 3,198 3,734 3,758 17,6151/2 Cent Sales Tax ‐ St Louis City 16,685 1,799 769 1,848 1,620 852 1,642 1,308 1,146 1,042 2,157 1,064 1,527 16,774 0 0 3,450 1,599 1,371 1,971 8,3911/4 Cent Sales Tax ‐ City & Cnty Prop M1 42,615 4,661 2,562 4,798 3,934 2,537 2,550 3,720 4,221 2,809 5,181 3,317 5,300 45,590 3,994 2,130 4,500 4,221 4,492 2,952 22,290NEW Sales Tax ‐ Cnty & City (Prop A,M2) 0 0 0 758 836 16,376 6,736 6,593 7,789 4,654 1,078 553 891 46,264 0 0 19,000 5,234 5,571 3,660 33,466Debt Service Intercept (X‐County Bonds) (31,089) (2,684) (2,562) (2,829) (2,970) (2,975) (2,978) (2,900) (2,887) (2,887) (2,880) (2,880) (2,876) (34,308) (2,950) (2,950) (2,950) (2,950) (2,950) (2,950) (17,700)Sub‐total Sales Tax receipts less debt $62,943 $3,776 $5,925 $8,535 $6,349 $18,788 $10,966 $11,640 $13,775 $7,832 $9,267 $4,649 $8,195 $109,697 $1,044 ($820) $30,925 $11,303 $12,218 $9,391 $64,061Passenger Revenue, inc. Paratransit 53,470 4,259 5,156 4,412 4,453 4,318 3,865 4,862 3,489 6,189 4,400 4,292 4,660 54,355 4,300 5,200 4,500 4,500 4,400 4,750 27,650Auxiliary /Other / Interest 6,470 565 222 344 85 139 775 122 1,100 522 35 335 58 4,302 120 120 120 220 378 333 1,291St. Clair County ‐ Contract 35,832 562 0 7,044 3,888 3,412 3,860 3,487 3,109 3,311 3,500 3,322 1,797 37,292 3,000 3,000 3,000 3,000 3,000 3,500 18,500State of Missouri 1,025 0 22 79 80 61 0 80 39 430 80 151 0 1,022 50 50 50 50 50 50 300State of Missouri‐Special Assistance 7,975 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Federal Assistance: 0Maintenance 30,000 0 0 0 0 0 0 0 0 0 14,419 0 0 14,419 0 0 0 0 0 0 0CMAQ\JARC\ARRA\Other grants 17,285 1,860 5,738 1,786 1,182 3,412 1,961 2,127 2,015 4,282 799 3,913 1,492 30,566 1,250 1,250 1,250 1,250 1,250 1,250 7,500TOTAL CASH RECEIPTS $215,000 $11,022 $17,063 $22,200 $16,037 $30,130 $21,427 $22,318 $23,527 $22,566 $32,500 $16,662 $16,202 $251,654 $9,764 $8,800 $39,845 $20,323 $21,296 $19,274 $119,302CASH DISBURSEMENTS:Payroll & Payroll Related (not inc. OPEB) (84,833) (8,395) (8,865) (7,737) (7,700) (7,900) (7,911) (8,874) (8,886) (8,009) (9,760) (7,677) (6,997) (98,711) (8,395) (8,865) (7,737) (7,700) (7,900) (7,911) (48,508)Accounts Payable (94,092) (9,574) (9,231) (7,837) (8,675) (10,900) (9,021) (9,700) (10,718) (6,172) (12,663) (11,643) (7,708) (113,842) (8,000) (8,000) (8,000) (8,000) (8,000) (8,000) (48,000)Self‐Insurance (20,818) (2,088) (1,502) (1,555) (1,812) (1,605) (1,895) (1,644) (1,823) (2,202) (2,036) (1,501) (1,750) (21,413) (2,088) (1,502) (1,555) (1,812) (1,605) (1,895) (10,457)Other (June inc. $3.0 mm OPEB) (8,093) (165) (64) (471) (150) (725) (800) (500) (500) (483) (1,208) (484) (3,438) (8,988) (165) (64) (471) (150) (725) (800) (2,375)TOTAL CASH DISBURSEMENTS ($207,836) ($20,222) ($19,662) ($17,600) ($18,337) ($21,130) ($19,627) ($20,718) ($21,927) ($16,866) ($25,667) ($21,305) ($19,893) ($242,954) ($18,648) ($18,431) ($17,763) ($17,662) ($18,230) ($18,606) ($109,340)CASH SURPLUS (DEFICIT) $7,164 ($9,200) ($2,599) $4,600 ($2,300) $9,000 $1,800 $1,600 $1,600 $5,700 $6,833 ($4,643) ($3,691) $8,700 ($8,884) ($9,631) $22,082 $2,661 $3,066 $668 $9,962CUMULATIVE CASH SURPLUS (DEFICIT) $15,000 $5,800 $3,201 $7,800 $5,500 $14,500 $16,300 $17,900 $19,500 $25,200 $32,034 $27,391 $23,700 $23,701 $14,817 $5,186 $27,268 $29,928 $32,994 $33,663 $33,663STABILIZATION FUND:Beginning Balance 3,500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 0Fund Transfer ‐ OPEB Trust (3,000) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Ending Balance $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $0INTERNALLY RESTRICTED FUND:Beginning Balance 14,659 $14,659 $14,659 $14,659 $14,659 $14,659 $14,659 $14,659 $14,659 $14,659 $14,659 $14,659 $14,659 $ 14,659 $14,659 $14,659 $14,659 $14,659 $14,659 $14,659 $ 14,659Cumulative 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Ending Balance (1) $14,659 $14,659 $14,659 $14,659 $14,659 $14,659 $14,659 $14,659 $14,659 $14,659 $14,659 $14,659 $14,659 $14,659 $14,659 $14,659 $14,659 $14,659 $14,659 $14,659 $14,659(1) = Additional temporary working capital for operations is provided, if needed, by Sales Tax Capital, Self‐Insurance and Prop M Funds. Current balances: Sales Tax Capital $15 million; Prop M $61 million; Self Insurance $15 million.A large portion of these funds are encumbered for long range capital projects, local match, liability claims, or restricted for debt service or lease issues, but are currently liquid.98/17/2011 C:\Documents and Settings\bwalker\Desktop\Treasury\pg 9 june treas fy11-12 cash flow proj

From:Subject:Disposition:Presentation:Metro Agenda ItemBoard of CommissionersSeptember 23, 2011John M. NationsPresident & CEOContract Modification: The Hartford Life Insurance CompanyApprovalMelva Pete, Vice President – Human Resources; Larry B. Jackson, VicePresident – Procurement, Inventory Management & Supplier DiversityObjective:To obtain approval of the Board of Commissioners to increase the three-year not-to-exceedcontract award amount to The Hartford Life Insurance Company for Metro’s fully-funded lifeinsurance for active and retired employees from $1,000,000 to $1,700,000.Background:Aon (now Aon Hewitt) issued Solicitation No. 10-RFP-5554-DR Life and Disability InsuranceServices on July 9, 2009, to obtain a qualified firm to provide basic and voluntary life, accidentaldeath and dismemberment (AD&D) and long term disability (LTD) insurance for Metro’semployees and retirees.AON Hewitt, Metro’s provider of benefit plan consulting services, conducted a marketing searchfor the current basic and voluntary life, AD&D and LTD programs. A detailed Request forProposal (RFP) was prepared and released by AON to 23 vendors who were approved inadvance by Metro. Seventeen (17) proposals were received. A summary of the vendorscontacted and their responses is available to interested parties.Analysis:The contract with Hartford, effective October 1, 2009, initially included Basic Life (active andretired), AD&D (salaried and IBEW employees), and LTD (salaried employees only). Thesupplemental life was added later and includes employee supplemental for Salaried and Call-A-Ride. Dependent life for Salaried only was added as of open enrollment for calendar year 2011.Both employee supplemental and dependent life elections are funded 100% by employee payrolldeductions, but are reflected in Metro’s contract costs. Average monthly expenditure for thoseitems is $5,400.00.The initial contract value was established using a census count of 2,470 participants; however,average enrollment in the plan has exceeded 3,000 participants since inception of the contract.This discrepancy combined with the addition of employee funded elections has created ashortfall in the amount authorized. The solicitation/bid categories, dollars and quantity ofemployees are compared with what is current for these areas:

Contract Modification: The Hartford Life Insurance CompanyBoard of CommissionersSeptember 23, 2011Page 2CategoryQty. ofParticipants per BidAnalysisAverageCost PerEmployeeQty. ofParticipantsCurrentAverageAverageCurrent AnnualAmountBasic Life 2,389 $140.34 3037 $426,212.58AD & D 524 $21.13 551 $11,642.63LTD 425 $134.34 444 $59,646.96Supplemental - N/A 176 $58,344.00Employee PaidDependent Life – N/A 73 $6,780.00Employee PaidAnnual Total $562,626.17Three (3) Year Total $1,687,878.51Procurement Policy:Board Procurement Policy requires Board approval of Negotiated Procurements exceeding$500,000. On September 25, 2009, Board of Commissioners’ approval was requested andreceived to award a three (3) year contract to the Hartford Life Insurance Company for Metro’sfully-funded life insurance for active and retired employees, effective October 1, 2009, in anamount not to exceed $1,000,000. However, based on current information, it is now estimatedthat the contract not-to-exceed amount should be increased to $1.7 million.Management Recommendation:Recommend the President & CEO be authorized to increase the original three-year contract notto-exceedamount from $1,000,000 to $1,700,000.

Resolution459Hartford Life ContractA RESOLUTION OF THE BOARD OF COMMISSIONERS OF THEBI-STATE DEVELOPMENT AGENCY OF THEMISSOURI-ILLINOIS METROPOLITAN DISTRICT AUTHORIZINGMODIFICATION OF CONTRACT WITH THE HARTFORD LIFEINSURANCE COMPANYPREAMBLES:The Bi-State Development Agency of the Missouri-Illinois Metropolitan District (the “Agency”) is a bodycorporate and politic, created by an interstate compact between the States of Missouri and Illinois, actingby and through its Board of Commissioners (the “Board”); and is authorized by interstate compact andunder Mo. Rev. Stat. §§ 70.370 et. seq. and 45 Ill. Comp. Stat. 100/1 et. seq. to contract and be contractedwith.Chapter 50 of the Collected Board Policies Section requires the Board to approve any competitivelynegotiated procurement exceeding $500,000.00.On September 25, 2009 the Board approved a three (3) year contract with The Hartford Life InsuranceCompany for Metro’s fully-funded life insurance plan for active and retired employees.The initial contract value of $1 million dollars ($1,000,000.00) was established based on a census count of2,470 participating employees, but the average enrollment in the plan now exceeds 3,000 employees.This growth in plan enrollees, plus the addition of employee funded electives, has created a shortfall in thecontract amount authorized by the Board in 2009.Based on current information, Agency staff estimates that the value of the 3-year contract should beincreased to $1.7 million dollars ($1,700,000.00).It is feasible, necessary and in the public interest for the Board to authorize the President & CEO toincrease the contract award amount to The Hartford Life Insurance Company from $1,000.000.00 to$1,700,000.00.NOW, THEREFORE, THE BOARD OF COMMISSIONERS OF THE BI-STATE DEVELOPMENTAGENCY OF THE MISSOURI-ILLINOIS METROPOLITAN DISTRICT DOES HEREBY RESOLVE,DETERMINE AND ORDER AS FOLLOWS:Section 1. Findings. The Board of Commissioners hereby finds and determines those matters setforth in the preambles as fully and completely as if set out in full in this Section.Section 2. Approval of a Amended Procurement Contract. The Board of Commissioners herebyauthorizes the Agency to amend the 3-year contract with The Hartford Life Insurance Company to increase theaward amount from $1,000,000.00 to an amount not to exceed $1,700.000.00.Section 3. Actions of Officers Authorized. The officers of the Agency, including, withoutlimitation, the President and CEO, the Vice President of Procurement, Inventory Management and SupplierDiversity, and the Vice President of Human Resources are hereby authorized and directed to execute all documents,pay or cause to be paid all costs, expenses and fees incurred, and take such actions as they may deem necessary oradvisable in order to carry out and perform the purposes of this Resolution, the execution of which shall beconclusive evidence of such necessity or advisability.Section 4. Severability. It is hereby declared to be the intention of the Board of Commissioners thateach and every part, section and subsection of this Resolution shall be separate and severable from each and everyother part, section and subsection hereof and that the Board of Commissioners intends to adopt each said part,section and subsection separately and independently of any other part, section and subsection. In the event that any

part, section or subsection of this Resolution shall be determined to be or to have been unlawful or unconstitutional,the remaining parts, sections and subsections shall be and remain in full force and effect, unless the court makingsuch finding shall determine that the valid portions standing alone are incomplete and are incapable of beingexecuted in accordance with the intent of this Resolution.Section 5. Rights Under Resolution Limited. No rights shall be conferred by this Resolution uponany person or entity other than the Agency and The Hartford Life Insurance Company.Section 6.Governing Law. The laws of the State of Missouri shall govern this Resolution.Section 7. No Personal Liability. No member of the Board of Commissioners, officer, employee oragent of the Agency shall have any personal liability for acts taken in accordance with this Resolution.Section 8.This Resolution shall be in full force and effect from and after its passage and approval.September, 2011.ADOPTED by the Board of Commissioners of the Bi-State Development Agency this 23rd day ofTHE BI-STATE DEVELOPMENT AGENCY OF THEMISSOURI-ILLINOIS METROPOLITAN DISTRICTByIts[SEAL]ATTEST:ByResolution459Hartford Life Contract

From:Subject:Disposition:Presentation:Metro Agenda ItemBoard of CommissionersSeptember 23, 2011John NationsPresident & CEOContract Award: Express Scripts, Inc.ApprovalMelva Pete, Vice President – Human Resources; Larry B. Jackson, VicePresident – Procurement, Inventory Management & Supplier DiversityObjectiveTo obtain approval of the Board of Commissioners to award a contract to Express Scripts, Inc.,for Pharmacy Benefits Management services for Metro’s self-funded prescription drug benefitplan for employees and retirees for the period of December 1, 2011 through November 30, 2014.BackgroundMetro provides three self-funded medical plans for its employees and retirees. Each of these hasthe same Prescription Drug Benefit. In Plan Year 2010, ending December 31, 2010, Metro’spaid claims for Pharmacy benefits were approximately $4.8 million, 31.5% of the totalexpenditures for health plan benefits. Prescription drug costs have been escalating faster thanmedical costs in general; and medical costs have been escalating significantly faster than theconsumer price index and wage inflation.Metro joined The St. Louis Area Business Health Coalition (BHC) and engaged Express Scripts,Inc. as our Pharmacy Benefit Manager (PBM) on December 1, 2007, under the terms of the BHCcontract for a period of three years. The BHC was founded over 25 years ago to bring areaemployers together to use their combined purchasing power to ensure transparency,accountability, and the best in class pricing.The BHC engaged Aon/Hewitt in November 2010 to conduct a request for proposal (RFP)process including designing all bidding requirements. The RFP was released to eight vendors onJanuary 27, 2011. Results were presented in March 2011, and through extensive review andnegotiations between two finalists, the BHC will be entering into a new contract with ExpressScripts effective October 1, 2011. Express Scripts was found to offer the most competitivepricing and cost management capabilities, while still maintaining flexibility for employers tocraft their own plan of benefits. Express Scripts Inc. is headquartered in St. Louis, and throughthis new contract, will provide services to participating area employers which include the City ofSt. Louis, Ameren, Laclede Gas, Doe Run, Brown Shoe, Energizer, Graybar, and others. Eachcompany maintains complete control over its benefit designs and clinical programs. TheBHC/Express Scripts contract includes a provision for annual market checks to ensure pricingcompetitiveness.

Board of CommissionersContract Award: Express Scripts, Inc.September 23, 2011Page 2Under the new agreement, Metro anticipates a 4.93% savings in plan costs (approximately$246,000 in the first year) representing negotiated improvements in discounts and a reduction inprocessing fees, which will help mitigate prescription drug trend and cost inflation in 2012 andbeyond.Procurement PolicyBoard Procurement Policy requires Board approval of negotiated procurements exceeding$500,000.Management RecommendationThe Board of Commissioners is requested to approve a three-year contract renewal (December 1,2011 to November 30, 2014) in an amount not to exceed $16,600,000 to Express Scripts, Inc.for the cost of both prescription drugs and administration of a prescription drug benefit programfor Metro employees, retirees, and eligible dependents.

A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE BI-STATE DEVELOPMENT AGENCY OF THEMISSOURI-ILLINOIS METROPOLITAN DISTRICT AUTHORIZINGAWARD OF CONTRACT TO EXPRESS SCRIPTS, INC.PREAMBLES:The Bi-State Development Agency of the Missouri-Illinois Metropolitan District (the “Agency”) is a bodycorporate and politic, created by an interstate compact between the States of Missouri and Illinois, actingby and through its Board of Commissioners (the “Board”); and is authorized by interstate compact andunder Mo. Rev. Stat. §§ 70.370 et. seq. and 45 Ill. Comp. Stat. 100/1 et. seq. to contract and be contractedwith.Under Board Policy Section 50.010-E 1(a), the Board must approve any competitively negotiatedprocurement exceeding $500,000.00.The Agency currently provides three self-funded medical plans for its active and retired employees. Eachof the plans has the same prescription drug benefit.On December 1, 2007 the Agency entered into a 3-year contract with Express Scripts to act as its PharmacyBenefit Manager (PBM).The St. Louis Area Business Health Coalition (BHC) is a regional consortium of employers of which theAgency is a member. The purpose of BHC is to use its combined purchasing to obtain the best possiblepricing for its members.In January 2011 the BHC released a request for proposals (RFP) from vendors for pharmacy benefitsmanagement services, after which it entered into an agreement with Express Scripts on behalf of the BHCmembership. The new contract will become effective October 1, 2011.By utilizing the agreement between BHC and Express Scripts and renewing its contract with ExpressScripts to administer Metro’s prescription drug benefit plan, the Agency anticipates that it will be able toreduce its projected prescription drug costs by 4.93%.It is feasible, necessary and in the public interest for the Agency to renew its contract with Express ScriptsInc. for a period of 3 years for the provision of prescription drugs and the administration of Metro’sprescription drug benefit plan.NOW, THEREFORE, THE BOARD OF COMMISSIONERS OF THE BI-STATE DEVELOPMENTAGENCY OF THE MISSOURI-ILLINOIS METROPOLITAN DISTRICT DOES HEREBY RESOLVE,DETERMINE AND ORDER AS FOLLOWS:Section 1. Findings. The Board of Commissioners hereby finds and determines those matters setforth in the preambles as fully and completely as if set out in full in this Section.Section 2. Approval of a Negotiated Procurement Contract. The Board of Commissioners herebyauthorizes the Agency to renew its contract with Express Scripts, Inc. for a period of three (3) years (December 1,2011 – November 30, 2014) for the provision of prescription drugs and the administration of Metro’s prescriptiondrug benefit plan.Section 3. Actions of Officers Authorized. The officers of the Agency, including, withoutlimitation, the President and CEO, the Vice President of Procurement, Inventory Management and SupplierDiversity and the Vice President of Human Resources are hereby authorized and directed to execute all documents,Resolution460Express Scripts Contract

pay or cause to be paid all costs, expenses and fees incurred, and take such actions as they may deem necessary oradvisable in order to carry out and perform the purposes of this Resolution, the execution of which shall beconclusive evidence of such necessity or advisability.Section 4. Severability. It is hereby declared to be the intention of the Board of Commissioners thateach and every part, section and subsection of this Resolution shall be separate and severable from each and everyother part, section and subsection hereof and that the Board of Commissioners intends to adopt each said part,section and subsection separately and independently of any other part, section and subsection. In the event that anypart, section or subsection of this Resolution shall be determined to be or to have been unlawful or unconstitutional,the remaining parts, sections and subsections shall be and remain in full force and effect, unless the court makingsuch finding shall determine that the valid portions standing alone are incomplete and are incapable of beingexecuted in accordance with the intent of this Resolution.Section 5. Rights Under Resolution Limited. No rights shall be conferred by this Resolution uponany person or entity other than the Agency and Express Scripts, Inc.Section 6.Governing Law. The laws of the State of Missouri shall govern this Resolution.Section 7. No Personal Liability. No member of the Board of Commissioners, officer, employee oragent of the Agency shall have any personal liability for acts taken in accordance with this Resolution.Section 8.This Resolution shall be in full force and effect from and after its passage and approval.September, 2011.ADOPTED by the Board of Commissioners of the Bi-State Development Agency this 23rd day ofTHE BI-STATE DEVELOPMENT AGENCY OF THEMISSOURI-ILLINOIS METROPOLITAN DISTRICTByIts[SEAL]ATTEST:ByResolution460Express Scripts Contract

From:Subject:Metro Agenda ItemBoard of CommissionersSeptember 23, 2011John Nations, President & CEOSole Source Contract Award – Trapeze ITS, U.S.A., LLC for Fleet-wideCAD/AVL ExpansionDisposition: ApprovalPresentation: Raymond A. Friem, Chief Operating Officer – Transit; Larry Jackson, VicePresident – Procurement, Inventory Management & Supplier DiversityObjective: To obtain the Board of Commissioners approval to enter into sole source contractsfor upgrade and expansion of the Intelligent Transportation System (ITS) with Trapeze ITS,U.S.A., LLC.Background: Metro, in cooperation with the Missouri Department of Transportation (MODOT)and the East-West Gateway Council of Governments (EWGCG), conducted a competitiveprocurement in 2003 for a demonstration project aimed at determining the efficacy of ComputerAided Dispatch/Automated Vehicle Location (CAD/AVL) Systems in Metro’s Transitapplication. It was determined the technology has the potential to radically alter the operatingprocesses currently employed at Metro, as well as several key public information and safetyfeatures deemed highly desirable by Metro staff.Metro has since continued to work with the manufacturer to refine the product to meet Metro’sspecific requirements and has made several additional purchases of CAD/AVL software andequipment. To date Metro’s direct investment in equipment and technology associated with theCAD/AVL system is approximately $3.5 million including a $1.1 million network and softwareupgrade that was recently approved by the Board of Commissioners in March 2011.The major benefits that Metro expects to recognize from a complete implementation ofCAD/AVL are:‣ Near real-time vehicle location and status updates allowing better control of Metro’sfixed route assets;‣ Complete control of communication traffic, both voice and data;‣ Provide clear and concise announcements internally and externally for customers,increasing our ADA compliance;‣ Provide historical information regarding the efficiency of current route structures andstop timing, allowing for improved route planning and scheduling;‣ Provide passenger count information for use with planning future route optimization; and‣ Provide real-time and historical mechanical problem reports, reducing the number ofcustomer delays.Analysis: Metro’s existing CAD/AVL system is a transit specific proprietary system initiallydeveloped and marketed by Siemens. Siemens subsequently sold its ITS business venture toContinental AG who subsequently sold to Trapeze ITS, U.S.A., LLC. Trapeze ITS is the onlyavailable source for equipment and software for this system.

Board of CommissionersSole Source Contract Award – Trapeze ITS U.S.A., LLC for Fleet-wide CAD/AVL ExpansionSeptember 23, 2011Page 2As Metro proceeds with procurement and build-out of its radio system upgrade, we willconcurrently add additional equipment to complete integration and build-out of the CAD/AVLsystem. Metro expects to be able to complete the build-out of the CAD/AVL system over thenext 36 months for a cost not to exceed $ 8,700,000.Funding Source: Funding for this project has been approved in the Metro Capital Budget.Funding is provided by FTA Grants MO-05-0028 & MO-90-X231(80%) and local fundingcomprised of Illinois and Missouri sales tax receipts (20%).Procurement Policy: Board Policy Chapter 50 – Purchasing requires Board approval of all noncompetitiveprocurements exceeding $100,000.Operations Committee Recommendation: The Operations Committee approved this SoleSource Procurement, and recommends the Board of Commissioners also approve this request.Management Recommendation: It is recommended that the Board of Commissioners approvethe sole source procurement with Trapeze ITS U.S.A., LLC for the infrastructure upgrade andexpansion in support of full bus and LRV fleet expansion of the CAD/AVL System in theamount not to exceed $8,700,000.

A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE BI-STATEDEVELOPMENT AGENCY OF THEMISSOURI-ILLINOIS METROPOLITAN DISTRICT AUTHORIZING ANDAPPROVING A SOLE SOURCE PROCUREMENT FROMTRAPEZE ITS, U.S.A., LLCPREAMBLESBi-State Development Agency of the Missouri-Illinois Metropolitan District (the “Agency”) is a bodycorporate and politic, created by an interstate compact between the States of Missouri and Illinois, actingby and through its Board of Commissioners (the “Board”); andThe Agency is authorized by Mo. Rev. Stat. §§ 70.370 et seq. and 45 Ill. Comp. Stat. 100/1 et seq. (jointlyreferred to herein as the “Compact”) to plan, construct, maintain, own and operate passenger transportationfacilities, and perform all other necessary and incidental functions, and to disburse funds for its lawfulactivities, and to contract and be contracted with.Pursuant to Board Policy §50.010 E-1-b, the Board must approve the award of any non-competitivecontract with a value of $100,000 or more.In 2003 the Agency, in cooperation with MDOT and EWGCC, conducted a competitive procurement for aproject aimed at determining the efficacy of the application of a Computer Aided Dispatch/AutomatedVehicle Location (“CAD/AVL”) System for Metro.Since that time the Agency has continued to refine its needs and has made purchases of CAD/AVLsoftware and equipment, including a $1million network and software upgrade that was approved by theBoard in March, 2011.Metro’s existing CAD/AVL system is a transit specific, proprietary system that was originally developedby Siemens. The Siemens ITS business has been acquired by Trapeze ITS, U.S.A., LLC, and thereforeTrapeze is the only available source of system-compatible equipment and software.As the Agency proceeds with the upgrade of its radio system, it will require additional equipment tocomplete integration and build-out of its CAD/AVL system. This will take approximately 36 months andwill be accomplished at a cost not to exceed $8,700,000.00.Funding for this project is contained in the Metro Capital Budget. 80% of the funding will be providedthrough FTA grants, with 20% to be provided through local (Missouri and Illinois) sales tax receipts.It is feasible, necessary and in the public interest for Metro to proceed with its infrastructure upgrade of theCAD/AVL system in conjunction with the build-out of its radio system upgrade, and to purchase thenecessary additional equipment from Trapeze ITS U.S.A, LLC, the sole source provider, in an amount notto exceed $8,700.000.00.NOW, THEREFORE, THE BOARD OF COMMISSIONERS DOES HEREBY RESOLVE,DETERMINE AND ORDER AS FOLLOWS:Section 1. Findings. The Board hereby finds and determines those matters set forth in thepreambles as fully and completely as if set out in fully in this Section.Section 2. Approval of the Sole Source Contract. The Board hereby authorizes the officers of theAgency, including, without limitation, the President and CEO, the Chief Operating Officer, and the Vice Presidentof Procurement, Management & Supplier Diversity to purchase the equipment required to upgrade Metro’sResolution461Trapeze ITS USASole Source Contract

CAD/AVL system from Trapeze ITS U.S.A, LLC, a sole source provider,$8,700,000.00 over the next 36 months.in an amount not to exceedSection 3. Actions of Officers Authorized. The officers of the Agency are hereby authorized anddirected to execute all documents and take such actions as they may deem necessary or advisable in order to carryout and perform the purposes of this Resolution, including the payment of all costs, expenses and fees incurred inconnection with or incidental to this Resolution; and the execution of such documents or taking of such actions shallbe conclusive evidence of such necessity or advisability.Section 4. Severability. It is the Board’s intention that every part, section and subsection of thisResolution shall be separate and severable from every other part, section and subsection hereof, and each said part,section and subsection is adopted separately and independently. In the event that any part, section or subsectionshall be determined to be, or to have been, unlawful or unconstitutional, the remaining parts, sections andsubsections shall remain in full force and effect, unless the court making such finding shall determine that the validportions standing alone are incomplete and are incapable of being executed in accordance with the intent of thisResolution.[Section 5. Rights Under Resolution Limited. No rights shall be conferred by this Resolution uponany person or entity other than the Agency and Trapeze ITS U.S.A, LLC.Section 6.Governing Law. The laws of the State of Missouri shall govern this Resolution.Section 7. No Personal Liability. No member of the Board of Commissioners, officer, employee oragent of the Agency shall have any personal liability for acts taken in accordance with this Resolution.Section 8.This Resolution shall be in full force and effect from and after its passage and approval.September, 2011.ADOPTED by the Board of Commissioners of the Bi-State Development Agency this 23rd day ofTHE BI-STATE DEVELOPMENT AGENCY OF THEMISSOURI-ILLINOIS METROPOLITAN DISTRICTSEALByTitleATTEST:By, SecretaryResolution461Trapeze ITS USASole Source Contract

Metro Agenda ItemBoard of CommissionersSeptember 23, 2011From: John M. NationsPresident & CEOSubject: Revision to Board Bylaws, Article IV, Section 10.020, Committees of the Board;Section 10.040, Standing Committees; and Board Policy Chapter 30, Section30.005, Audit Committee CharterDisposition: Consider / TablePresentation: John M. Nations, President & CEO, and Dee Joyce-Hayes, General CounselObjective:To obtain Board of Commissioners’ approval, at the November 18, 2011 meeting, ofamendments to Board Bylaws and to Board Policies, revising the Board’s standing committeestructure and the responsibilities assigned to each standing committee (see attached redlinedamendment). Metro Bylaws require that the Board consider and table any proposed policyrevision for one month, unless otherwise designated by the Chairman. The proposed policyrevisions will be submitted for final approval at the November 18, 2011 Board meeting.Background:Article IV of the Board’s Bylaws establishes the standing committees of the Board, provides forthe appointment of committee members by the Board Chairperson, and establishes the terms ofservice of committee members. Section 10.040 of the Bylaws reiterates the standing committeesand enumerates the purpose and responsibilities of each committee.The Board has agreed to establish new standing committees and to realign the committees’responsibilities. These changes, however, have not yet been formalized in the Board’s governingdocuments – its Bylaws and Policies. In order to implement the new committee structure, therequisite changes to the Board’s Bylaws and Policies should be made.The amendment to Chapter 30, Section 30.005 of the Board Policies, is being made simply torevise the name of the committee.Management Recommendation:Management recommends that the proposed revisions, as attached, be considered and tabled.The proposed revisions to the Bylaws and Policies will be submitted for final review andapproval at the November 18, 2011 Board meeting.

SECTION 10.020 BOARD BYLAWS (revised 9/23/11)ARTICLE IV – COMMITTEES OF THE BOARDB. Other Committees. Unless otherwise provided by Board Policy, applicable law,or agreements providing the establishment of committees, the Board Chairman shall,subject to such conditions as may be prescribed by the Board, appoint BoardCommissioners to serve as members of standing committees of the Board. All standingcommittee members shall be appointed for a term of two years beginning in June ofalternate years, or until their successors are appointed. Unless otherwise provided byBoard Policy, or applicable law or agreement, the Board Chairman shall designate oneCommissioner to serve as the chairman of each committee.In appointing both committee members and committee chairmen, the Board Chairmanshall ensure that both Missouri and Illinois Commissioners who reside in both Missouriand Illinois are fairly represented. Each committee shall be comprised of three or moreCommissioners, and shall be supported by Agency staff members whose positions in theAgency are appropriate to the purposes and responsibilities of that committee. Should aCommissioner vacate a committee position for any reason during his/her appointed term,or should the Board create a new committee, the Board Chairman shall appoint anotherCommissioner or Commissioners to fill such vacancy, or new committee positions, assoon as practicable.Standing committees shall include a Nominating Committee, an Audit and FinanceCommittee, a Pension, Health and WelfareFinance & Administration Committee, anOperations Planning Committee, an Sales and Marketing Operations Committee, aGovernment Affairs and Communications Committee, and a Strategic PlanningBusinessServices & Economic Development Committee. In addition, the Board may, by motionor resolution, appoint other standing or temporary committees as it deems necessary andassign them such duties and powers as may be required to fulfill their purpose.ARTICLE V – MEETINGS OF THE BOARDA. Regular Board Meetings. The regular meetings of the Board shall be heldaccording to a schedule proposed by the Board Chairman and approved by the Board.The time of the meetings shall be 9:00 A.M. unless stated otherwise in the meetingnotice.B. Committee Meetings. Committees shall meet as determined by the committeechairman or by the Board for the conduct of its business. Committees may recommendmatters for action to the full Board, but such a recommendation is not required for the1

Board to act on a matter. A quorum of committee members is not required for acommittee to meet or to make recommendations to the Board. Two or more Boardcommittees may meet jointly when it is expedient to mutually discuss and recommendaction on a particular matter. Unless otherwise prohibited by Board Policy, or applicablelaw or agreement, any Board member may attend any committee meeting and may voteon matters presented for that committee’s consideration regardless of whether he/she is amember of that committee.Each committee will be assisted by Agency employees designated by the President/CEOfor the purpose of providing staff support to that committee. Pursuant to the statutoryrequirements governing public meetings, each committee shall provide advance publicnotice of the date, time and place of its upcoming meeting, and shall keep minutes of allof its proceedings. Minutes are to include the date, time and place of the meeting, themembers present and absent, matters discussed by the committee, and the votes attributedto each member of the committee who is eligible to vote. All minutes shall be kept in theAgency’s offices of the Agency, and the proceedings of each committee meeting shall bereported to the full Board at the Board’s next regularly-scheduled or special meeting.SECTION 10.040 Standing Committees (revised 9/23/11)A. Executive Committee. The Executive Committee shall be composed of theofficers of the Board, and shall perform its functions pursuant to the provisions of theBoard Bylaws.B. Committee Formation and Appointment of Members. The committees of theBoard shall consist of those established pursuant to the Board Bylaws., and theappointment of members to the committees is governed by the provisions of the Bylaws.In addition to the regular assigned committee staff, a committeeC. Standing Committees.1. NOMINATING COMMITTEE. The purpose of this Committee is to recommend aslate of officers to serve for the following year, which slate shall be presented to theBoard for approval in June of each year. The Chairman of the Board shall appoint themembers of the Nominating Committee, which shall be comprised of two MissouriCommissioners and two Illinois Commissioners.2

2. AUDIT AND FINANCE COMMITTEE. The purpose of this Committee is to assist theBoard in the oversight of the Agency’s financial management and operations,including the development of its capital and operating budgets, its cash managementpolicies and procedures, the integrity of its financial statements, the appointment andperformance of its internal and external auditors, and itsand its compliance with alllegal and regulatory requirements,. and its policies and procedure for investments andthe issuance of debt. It shall have the authority, to the extent it deems necessary, toconduct investigations and to retain independent consultants in connection with itsresponsibilities.Specific responsibilities include, but are not limited to the following:To periodically review the Agency’s financial status, its fiscal policies andprocedures, its guidelines for issuing debt, and the investment of its cash reserves,and report any significant findings to the Board.To review and discuss the Agency’s quarterly financial statements withAgency management and the Agency’s internal auditor.To review the Agency’s operating and capital budgets, its investmentprofile and performance, the Registration Statements filed with the SEC, and theAgency’s business plan.To review the Agency’s major financial risk exposures and the adequacyof the Agency’s risk management assessment and control policiesTo directly oversee the planning, staffing and work of any independentauditors retained to perform the annual financial audit of the Agency and issue anaudit report, or to perform other audits, reviews or attests services.To appoint and directly oversee the work of the Director of Internal Auditand the Internal Audit Department staff, including reviewing all significantreports prepared by the internal auditing department, reviewing the internal auditplan for each upcoming year, and annually evaluating the performance of theDirector of Internal Audit .OTHER RELEVANT BOARD POLICY SECTIONSSECTION 10.020 BOARD BY-LAWSSECTION 30.010 ANNUAL AUDITSECTION 30.020 INTERNAL AUDITSECTION 30.030 ANNUAL BUDGET[M1]SECTION 30.040 BANKING & INVESTMENTSECTION 30.050 FINANCIAL REPORTINGSECTION 30.060 RISK MANAGEMENT‘SECTION 30.070 HEDGINGSECTION 30.080 DEBT ISSUANCE AND ADMINISTRATIONSECTION 110.010 SWAP AND DERIVATIVE POLICY3. FINANCE & ADMINISTRATION COMMITTEE. The purpose of this Committee is toassist the Board in overseeing the Agency’s financial management, including thedevelopment of its capital and operating budgets, its cash management policies andprocedures, and its policies and procedure for investments and the issuance of debt;implementing its pension, health and welfare benefits; and providing input and3

advocacy for the implementation of the Agency’s legislative, regulatory and publicrelations plans. Specific responsibilities include, but are not limited to the following:To periodically review the Agency’s financial status, its fiscal policies andprocedures, its guidelines for issuing debt, and the investment of its cashreserves, and report any significant findings to the Board.To review the Agency’s operating and capital budgets, its investment profileand performance, the Registration Statements filed with the SEC, and theAgency’s business plan.To review and discuss the Agency’s quarterly financial statements withAgency management and the Agency’s internal auditor.To review all proposed changes or amendments to any of the Agency’spension or health plans, and will make recommendations to the Board regardingfurther Board actions that may be required.4

interfaces.Monitor system safety issues and system performance in conformancewith regulatory requirements under programs such as Title VI and ADA.Review management’s recommendations concerning developmentopportunities created by the Agency’s expansions of service and investments ininfrastructure, and review activities supporting the implementation of the MovingTransit Forward Plan including regular updates of same.Make regular reports of its findings and/or recommendations to the fullBoard of Commissioners.5. SALES & MARKETING COMMITTEE. The purpose of this Committee is to advise theBoard of Commissioners on issues relating to enhancing revenue through the growthof ridership and assisting the Agency’s goals of increasing community awareness ofthe benefits of public transit and maximizing support for the use of public transit; andidentifying and fostering partnerships with civic and business entities in the region.6. BUSINESS SERVICES & ECONOMIC DEVELOPMENT COMMITTEE. The purpose of thisCommittee is to oversee the operations of the Arch, Arch Parking Garage, St. LouisDowntown Airport, riverboats and any other of the Agency’s non-transit related businessentities; to advise the Agency on its goal of increasing community awareness of andsupport for public transit; and and to identify and foster partnerships with regional civicand business entities in order to enhance transit oriented economic development.Economic development should be focused on the Agency fostering a regional foundationfor private investment and job creation, and approaching such with an emphasis on theAgency’s return on project investment.[M2]5

COLLECTED BOARD POLICIESOF THEBI-STATE DEVELOPMENT AGENCYOF THEMISSOURI-ILLINOIS METROPOLITAN DISTRICTChapter 30, Audit, Finance and BudgetSection 30.005Audit Committee CharterA. GENERAL The purpose of the Audit Charter is to assist the BoardofCommissioners, through its Audit and Finance Committee, in fulfilling its fiduciary oversightresponsibilities as follows:(1) Audit Committee management and Reporting Responsibilities(2) External Audit of the Financial Statements(3) Internal Audit Process(4) System of Risk Management(5) Processes for Monitoring Compliance with Laws and Regulations and theEthics Policy, Code of Conduct, and Fraud Policy(6) Special Investigations and Whistleblower MechanismSource: Information to develop this Charter is from The AICPA Audit Committee TOOLKIT: GovernmentOrganizationsB. AUTHORITY The Audit and Finance Committee (“Committee”) has the authority toconduct or authorize investigations into any; matters within its scope of responsibility. It isempowered to perform the following functions, which are numbered according to the purposeslisted above.

Metro Agenda ItemBoard of CommissionersSeptember 23, 2011From: John M. NationsPresident & CEOSubject: Gateway Arch Drainage ProjectDisposition: InformationPresentation: Jennifer H. Nixon, Senior Vice-President, Business EnterprisesObjective:To inform the Board of Commissioners of an expenditure of $2,288,000 from the JeffersonNational Expansion Memorial Capital Improvement Fund for the Gateway Arch drainageproject.Background:In May 2009, Jefferson National Parks Association (JNPA) contracted with the design firmPGAV for planning services related to the development of strategies and concepts for theoperational and programmatic improvements of the interior public spaces at the Gateway Archand to make recommendations regarding improving the guest experience. This contract wasfunded at the request of the National Park Service (NPS) Superintendent Tom Bradley withmoney from the Jefferson National Expansion Memorial Capital Improvement Fund (the CapitalImprovement Fund).In researching the feasibility of moving the Arch entrance doors further up each ramp, thusallowing improvements to the guest security screening process, the storm water drains buried inthe ramps were evaluated for their condition and capacity. During this investigation, it wasfound that the storm water drainage systems were not functioning as intended. PGAV and theirconsultant Frontenac Engineering provided a series of hydraulic studies outlining the systemissues along with recommendations for repair. Through discussion with the NPS and Metro, ascope of work, preliminary cost estimate, and design and construction schedule have beendetermined.Funding Source:The Capital Improvement Fund has sufficient money available for the project to proceed.Attached is a letter from NPS Superintendent Bradley approving the expenditure of money fromthe Capital Improvement Fund for the completion of the drainage project.Management Recommendation:Board action is not required. The paper is being presented for information only.

Metro Quarterly Financial StatementsFiscal Year 2011Fourth Quarter • Ending June 30, 2011www.metrostlouis.orgBU10465

Bi-State Development Agency of theMissouri-Illinois Metropolitan DistrictSummary Financial StatementsFor the Quarter Ended June 30, 2011Table of ContentsQuarterly Financials Transmittal ...................... 1Agency Financials ........................................... 3Transit Financials ............................................ 9Business Enterprises FinancialsGateway Arch Tram ................................ 22Gateway Arch Parking Facility ................. 28Gateway Arch Riverboats ........................ 35St. Louis Downtown Airport ...................... 41Staffing Level Report ..................................... 49

Page 2John M. NationsAugust 12, 2011The Gateway Arch Tram is generating Income before Depreciation of $879 thousand, whichis $622 thousand unfavorable to budget. The unfavorable variance to date is attributed tocontribution to others, which represents a contribution to the National Park Service for theArch Visitor’s Center Museum lobby renovation. Please see page 24 for the Statement ofRevenue and Expense.The Arch Parking Facility is generating Income before Depreciation of $678 thousand for theyear ended June 30, 2011. It exceeded its budget expectations by $138 thousand. Thisfavorable variance is attributed to controlling operating expenses and contributions fromothers, which includes reimbursement for the pedestrian crosswalk from the Arch. Pleasesee page 31 for the Statement of Revenue and Expense.Riverfront Attractions is generating a Loss before Depreciation for the year ended and notmeeting budget expectations. Net Loss before Depreciation is $376 thousand, which is $477thousand unfavorable to budget. Riverboat cruise revenue has declined at a higher rate thanrelated expenses and 54 days of operations have been lost to high water. Please see page37 for the Statement of Revenue and Expense.St. Louis Downtown Airport experienced Income before Depreciation of $60 thousand, whichis $54 thousand unfavorable to budget. This unfavorable variance is attributed to operatingrevenue being unfavorable to budget by $47 thousand. Revenues are affected by theeconomy. Please see page 44 for the Statement of Revenue and Expense.The General Agency has a Loss before Depreciation of $37 thousand, which is $178thousand unfavorable to budget. This is primarily the result of large audits performed byInternal Audit using outside contractors.Please contact me with any comments or questions regarding the financial statements.KSK/blkEnclosures

Agency FinancialsExecutive BranchFinancial Highlights ........................................... 3Balance Sheet ................................................... 4Income/Expense Analysis ................................. 5Consolidated Cash Receiptsand Disbursement Schedule .......................... 6Statement of Cash Flows .................................. 7Capital Expendituresfor Active Projects .......................................... 8

AgencyFiscal Year Ended June 30, 2011(preliminary, subject to audit)Agency, also known as Executive Services, is a servicecompany which supports all Metro operating companies.Agency consists of the Executive Office, Internal Audit,General Counsel, Government Affairs, and BusinessDevelopment.Operating loss of $38,229 is unfavorable to budget by$172,485 primarily as a result of expenses being higher thanbudget.Operating revenue is the total of management feeassessments to Metro operating companies plus the NationalPark Service. The absence of an assessment to the RiverfrontAttractions reflects a fee waiver for the fiscal year 2011.Operating ExpensesNational ParkServiceParking 16.0%Facility5.2%Airport2.5%Arch21.5%Operating RevenuesMetro TransitSystem54.8%Wages and benefits, other post employment benefits are$51,353 or 3.4% unfavorable to budget.Wages &benefits56.7%Services36.1%Fuel, Supplies& Utilities0.9%Other6.3%Services include fees for legal, audit, consulting andtemporary employment services. These expenditures areunfavorable to budget by $197,296 due to special projectsperformed by internal audit contractors.Other expenses are $53,735 favorable to budget primarilydue to spending constraints for membership dues for transittrade organizations, employee meeting and travel expenseand staff training.3

General AgencyQuarterly Balance Sheet ComparisonJune 30, 2011(unaudited)AssetsCurrent Prior $ Change % Chg Prior Year $ Change % ChgCurrent assetsCash and investments $ 247,407 $ 436,622 $ (189,215) (43.3) $ 705,363 $ (457,956) (64.9)Restricted cash and investments 425,278 415,263 10,015 2.4 309,907 115,371 37.2Accounts and notes receivable 1,273,132 1,306,192 (33,060) (2.5) 820,100 453,032 55.2Prepaid expenses 18,445 18,985 (540) (2.8) 16,005 2,440 15.2Total current assets 1,964,262 2,177,062 (212,800) (9.8) 1,851,375 112,887 6.1Capital assetsCapital assets, net of accum deprec 14,721 16,524 (1,803) (10.9) 21,930 (7,209) (32.9)Total capital assets 14,721 16,524 (1,803) (10.9) 21,930 (7,209) (32.9)Total assets $ 1,978,983 $ 2,193,586 $ (214,603) (9.8) $ 1,873,305 $ 105,678 5.6Liabilities and net assetsCurrent liabilitiesAccounts payable $ 154,184184$ 113,427$ 40,75735.9 $ 126,458$ 27,72672621.9Accrued expenses 103,747 101,695 2,052 2.0 96,872 6,875 7.1Total current liabilities 257,931 215,122 42,809 19.9 223,330 34,601 15.5Non-current liabilitiesOther post employment benefits 425,278 415,263 10,015 2.4 309,907 115,371 37.2General self insurance liability 300 300 - - 300 - -Total non-current liabilities 425,578 415,563 10,015 2.4 310,207 115,371 37.2Total liabilities 683,509 630,685 52,824 8.4 533,537 149,972 28.1Net assetsInvested in capital assets 234,215 234,215 - - 234,215 - -Unrestricted 1,105,553 1,105,553 - - 526,993 578,560 109.8Net income (loss) (44,294) 223,133 (267,427) (119.9) 578,560 (622,854) (107.7)Total net assets 1,295,474 1,562,901 (267,427) (17.1) 1,339,768 (44,294) (3.3)Total liabilities and net assets $ 1,978,983 $ 2,193,586 $ (214,603) (9.8) $ 1,873,305 $ 105,678 5.64

General AgencyStatement of Revenue, Expense, and Income (Loss)For the Quarter Ended June 30, 2011(unaudited)CurrentYear to DateActual Budget $ Change % Chg Prior Yr Actual Budget $ Change % Chg Prior YrOperating revenuesAdmin fees - Transit $ 375,000 $ 375,000 $ -- $ 350,000 $ 1,500,000 $ 1,500,000 $ -- $ 1,400,000Admin fees - Arch 172,526 182,941 (10,415) (5.7) 183,873 589,057 550,578 38,479 7.0 597,491Admin fees - Airport 16,010 17,658 (1,648) (9.3) 16,491 68,730 71,341 (2,611) (3.7) 69,054Admin fees - Parking Facility 39,728 41,185 (1,457) (3.5) 42,814 142,557 146,961 (4,404) (3.0) 143,196National park service mgmt fee 120,369 126,327 (5,958) (4.7) 132,717 437,028 444,636 (7,608) (1.7) 447,745Total operating revenues 723,633 743,111 (19,478) (2.6) 725,895 2,737,372 2,713,516 23,856 0.9 2,657,486Operating expensesSalaries, wages and benefits 389,685 345,973 (43,712) (12.6) 294,875 1,428,425 1,376,697 (51,728) (3.8) 1,209,151Other post employment benefits 39,465 36,118 (3,347) (9.3) 36,091 144,821 145,196 375 0.3 121,539Services 523,895 196,442 (327,453) (166.7) 106,821 1,002,346 805,050 (197,296) (24.5) 599,322Fuel and lube consumed 355 230 (125) (54.3) 331 1,231 920 (311) (33.8) 1,062Materials and supplies 6,572 5,345 (1,227) (23.0) 5,396 18,153 15,501 (2,652) (17.1) 15,482Utilities 1,775 1,830 55 3.0 1,083 5,784 7,320 1,536 21.0 3,363Other expenses 27,786 26,825 (961) (3.6) 19,758 174,841 228,576 53,735 23.5 158,869Total operating expenses 989,533 612,763 (376,770) (61.5) 464,355 2,775,601 2,579,260 (196,341) (7.6) 2,108,788Operating income (loss) (265,900) 130,348 (396,248) (304.0) 261,540 (38,229) 134,256 (172,485) (128.5) 548,698Non-operating revenues (expenses)Interest income 275 1,750 (1,475) (84.3) 398 1,145 7,000 (5,855) (83.6) 7,081Other non-operating revenue (expense) - - - n/a 30,100 - - - n/a 30,100Total non-operating revenues (expenses) 275 1,750 (1,475) (84.3) 30,498 1,145 7,000 (5,855) (83.6) 37,181Income (loss) before depreciation (265,625) 132,098 (397,723) (301.1) 292,038 (37,084) 141,256 (178,340) (126.3) 585,879Depreciation and amortization 1,802 1,422 (380) (26.7) 1,802 7,210 5,687 (1,523) (26.8) 7,319Net income (loss) $ (267,427) $ 130,676 $ (398,103) (304.6) $ 290,236 $ (44,294) $ 135,569 $ (179,863) (132.7) $ 578,5605

General AgencyConsolidated Cash Receipts and Disbursements ScheduleFor the Quarter Ended June 30, 2011(unaudited)DescriptionAgencyRestrictedOperatingCashTotal Fund FundBalance at April 1, 2011Cash $ 851,885 $ 436,622 $ 415,263Add:Interest received 306 306 -St Louis Downtown Airport 466,000 466,000Gateway Arch 165,000 165,000 -Gateway Parking Facility 35,000 35,000 -666,306 666,306 -Interfund transfers - (10,015) 10,015Less:Cash disbursements (845,506) (845,506) -Balance at June 30, 2011Cash $ 672,685 $ 247,407 $ 425,2786

General AgencyStatement of Cash FlowsFor the Year Ended June 30, 2011(unaudited)Cash flows from operating activitiesReconciliation of operating loss toReceipts from customers $ 551,627net cash used for operating activitiesPayments to employees (1,451,000)Payments to vendors (1,176,896) Operating income (loss) $ (38,229)Receipts (payments) from inter-fund activity 1,732,539Adjustments to reconcile operatingNet cash provided by (used in)income (loss) to net cash providedoperating activities (343,730) by (used for) operating activitiesChange in assets and liabilitiesCash flow from noncapital financing activities Accounts and notes receivables 114,599None noted. Interfund accounts receivable (567,631)Prepaid expenses, deferred chargesand other current assets (2,440)Cash flow from capital and related financing activities Accounts payable 27,900None noted. Interfund accounts payable (174)Accrued expenses 6,875Other post employment benefits liability 115,370Cash flows from investing activitiesInterest received 1,145Total adjustments (305,501)Net cash provided by (used in)investing activities 1,145 Net cash provided by (used for)operating activities $ (343,730)Net increase (decrease) in cashand cash equivalents (342,585)Cash and cash equivalents, beginning of year 1,015,270Cash and cash equivalents, year to date $ 672,685Supplemental disclosure of cash flow informationNo disclosures.7

AgencyCapital Expenditures for Active ProjectsFor the Quarter Ended June 30, 2011(unaudited)Description Budget Current Year-To-Date Life-To-Date Balance$ - $ - $ - $ - $-Total Agency $ - $ - $ - $ - $-8

Transit SystemFinancialsRegional Economic Development throughExcellence in TransportationFinancial Highlights ........................................... 9Balance Sheet ................................................. 12Income/Expense Analysis ............................... 14Schedule of Grants and Assistance ................ 15Consolidated Cash Receiptsand Disbursement Schedule ........................ 16Cross County Consolidated Cash Receiptsand Disbursement Schedule ........................ 17Statement of Cash Flows ................................ 18Schedule of Aged Receivables – Invoices ...... 19Capital Expendituresfor Active Projects ......................................... 20

Metro SystemFiscal Year Ended June 30, 2011(Preliminary, subject to audit)Income before depreciation for the year ended June 30,2011 is a loss of $0.5 million and is favorable to the budget.Operating revenue is flat compared to budget while operatingexpense is favorable and non-operating revenue isunfavorable to budget.The chart below reports revenue trends in each revenuecategory. The chart to the right illustrates the relativeimportance of each revenue source in the fiscal year 2011.$200$175$150$125$100$75$50$25$0Revenues Comparison(in millions)Grants & assistance Passenger revenue*Other revenueFY11 Actual FY11 Budget FY 10 Actual*Other revenue includes paratransit contracts, TMA, and interest income.Passengerrevenue17.9%TMA & Other2.0%Interestincome2.8%RevenuesGrants &assistance77.3%Grants & assistance funding is $1.9 million or 0.9% underlast year. The loss of the one-time State of Missouriassistance in FY 2010 is partially offset by a one-time FederalAmerican Recovery and Reinvestment Act grant which allows10% or $4.2 million to be used for operations. With thepassage of Prop A, Federal 5307 funds used for vehiclemaintenance have been programmed back to approximately50% of receipts.The combined St. Louis County and City of St. Louis ¼ and ½cent sales tax funds are $40.7 million more than the sameperiod last year, driven by Prop A and Prop M2 sales taxwhich began being collected in July 2010. Combined, thesetwo sales taxes were $41.2 million in revenue.9

Services10.9%Parts &supplies7.9%Casualty &liability2.7% Fuel & lube6.3%Operating ExpensesUtilities3.1%Other1.6%Wages &benefits withOPEB67.5%Total operating expenses are 4.2% favorable to budget. Thefavorable variance is primarily related to wages, benefits andfuel.Wages and benefits (without OPEB) represent 62.5% ofoperating expenses, excluding depreciation. These expensesare favorable to budget by 5.6% primarily due to vacanciesand favorable medical and pension expenses.Fuel and lube consumed are 10.9% favorable to budgetprimarily due to lower than planned diesel prices. The FY2011average price of diesel was $2.67 per gallon compared to thebudgeted price of per gallon of $2.86.Services are 1.5% unfavorable to budget. Services includenon-capital projects of $2.7 million, which is recovered 80% infederal assistance.Utilities are favorable to budget by 11.7% as a result of actualrate increases being less than planned.Casualty & liability costs are 15.6% greater than budget.Greater than planned Self-Insured Casualty Losses werepartially offset by lower than anticipated FY 2011 pricing ofinsurance.$175$150$125$100$75$50$25$0Wages &benefitsExpense Comparison(in millions)Fuel, parts &suppliesServicesFY11 Actual FY11 Budget FY10 ActualOtherInterest expense is favorable to budget by $9.4 million or24.4%. The $150 million bond refinancing yielded lowerinterest rates than anticipated.Interest revenue is unfavorable to budget by 30.2%. Returnsremain low due to deflated rates.Contribution to outside entity is a pass-through of a portionof the half-cent sales tax to sheltered workshops.Loss on capital lease of $6.5 million is a result of an earlytermination of a light rail vehicle lease. Portion of the loss wasdue to the write-off of a prior period recognized gain.10

Passenger boardings had been increasing for several yearsd ue to the Cross County MetroLink alignment opening, highquality service, and to higher gasoline prices. On March 30,2009 service was reduced in response to existing revenueissues further complicated by the failure of a ½ cent St. LouisCounty tax referendum. The State of Missouri granted a onetime,emergency appropriation of $8 million that enabled Metroto restore some of its services in August 2009 (FY2010). Earlyin 2010, a diverse, broad-based coalition formed to supportpassage of the St. Louis County ½ cent sales tax. The taxwas approved by voters April 6, 2010. Passage of PropositionA (Prop A) allowed Metro the financial resources to restore,enhance and expand public transit. In 2011, MetroBus andCall-A-Ride boardings increased 8.1% and 4.2%, respectively,compared to last year. MetroLink boardings increased 2.4%and system-wide boardings increased 5.8% over last year.Passenger Boardings(in millions – YTD)FY 2011 FY 2010 FY 2009 FY 2008MetroBus 26.22 24.26 32.68 33.37MetroLink 16.21 15.83 19.42 19.70Call-A-Ride 0.57 0.55 0.67 0.70Total System 42.99 40.63 52.77 53.7711

Transit SystemQuarterly Balance Sheet ComparisonJune 30, 2011(In Thousands)(unaudited)AssetsCurrent Prior $ Change % Chg Prior Year $ Change % ChgCurrent assetsCash and investments $ 44,775 $ 45,859 $ (1,084) (2.4) $ 33,970 $ 10,805 31.8Restricted cash and investments 110,680 112,649 (1,969) (1.7) 118,717 (8,037) (6.8)Accounts and notes receivable 2,025 3,087 (1,062) (34.4) 2,180 (155) (7.1)Restricted accounts receivable 61 63 (2) (3.2) 49 12 24.5Federal, state and localassistance receivable 14,502 26,555 (12,053) (45.4) 7,778 6,724 86.4Materials and supplies inventory 7,293 7,496 (203) (2.7) 5,873 1,420 24.2Other current assets 1,141 2,289 (1,148) (50.2) 230 911 396.1Total current assets 180,477 197,998 (17,521) (8.8) 168,797 11,680 6.9Capital assetsCapital assets-motorbus, net depr 52,570 52,309 261 0.5 57,251 (4,681) (8.2)Capital assets-paratransit, net depr 5,060 5,747 (687) (12.0) 7,559 (2,499) (33.1)Capital assets-lightrail, net depr 926,632 941,014 (14,382) (1.5) 974,546 (47,914) (4.9)Land 97,389 97,257 132 0.1 97,257 132 0.1Construction-in-process 15,360 14,582 778 5.3 6,195 9,165 147.9Total capital assets 1,097,011 1,110,909 (13,898) (1.3) 1,142,808 (45,797) (4.0)Non-current assetsCapital lease/leaseback obligations 87,002 85,748 1,254 1.5 151,681 (64,679) (42.6)Deferred charges - 231 (231) (100.0) 113 (113) (100.0)Other non-current assets, net amort 9,060 9,710 (650) (6.7) 7,852 1,208 15.4Total non-current assets 96,062 95,689 373 0.4 159,646 (63,584) (39.8)Total assets $ 1,373,550 $ 1,404,596 $ (31,046) (2.2) $ 1,471,251 $ (97,701) (6.6)12

Transit SystemQuarterly Balance Sheet ComparisonJune 30, 2011(In Thousands)(unaudited)Liabilities and net assetsCurrent Prior $ Change % Chg Prior Year $ Change % ChgCurrent liabilitiesAccounts payable $ 8,625 $ 10,368 $ (1,743) (16.8) $ 5,279 $ 3,346 63.4Accrued expenses 17,708 17,959 (251) (1.4) 17,922 (214) (1.2)Other current liabilities 2,688 15,164 (12,476) (82.3) 2,046 642 31.4Total current liabilities 29,021 43,491 (14,470) (33.3) 25,247 3,774 14.9Current liab payable from restricted assetsAccounts payable and retention 1,091 1,060 31 2.9 1,046 45 4.3Accrued interest payable 6,508 12,592 (6,084) (48.3) 5,880 628 10.7General self-insurance liability 6,472 6,472 - - 6,472 - -Medical self-insurance liability 3,488 3,253 235 7.2 3,465 23 0.7Current portion of long-term debt 10,120 10,120 - - 9,650 470 4.9Current portion of lease obligation 2,950 2,950 - - 7,223 (4,273) (59.2)Total current liabilities payablefrom restricted assets 30,629 36,447 (5,818) (16.0) 33,736 (3,107) (9.2)Total current liabilities 59,650 79,938 (20,288) (25.4) 58,983 667 1.1Non-current liabilitiesOther post-employment benefits 38,916 39,050 (134) (0.3) 30,690 8,226 26.8Long-term self-insurance 7,063 5,368 1,695 31.6 4,931 2,132 43.2Long-term debt 570,012 570,665 (653) (0.1) 582,358 (12,346) (2.1)Capital lease obligations 75,316 74,062 1,254 1.7 140,058 (64,742) (46.2)Other non-current liabilities 7,138 7,666 (528) (6.9) 251 6,887 n/aTotal non-current liabilities 698,445 696,811 1,634 0.2 758,288 (59,843) (7.9)Total liabilities 758,095 776,749 (18,654) (2.4) 817,271 (59,176) (7.2)Net assetsNet assets- capital investments 930,977 919,671 11,306 1.2 893,512 37,465 4.2Net assets- unrestricted (239,532) (239,532) - - (151,458) (88,074) (58.2)Net income (loss) (75,990) (52,292) (23,698) (45.3) (88,074) 12,084 13.7Total net assets 615,455 627,847 (12,392) (2.0) 653,980 (38,525) (5.9)Total liabilities and net assets $ 1,373,550 $ 1,404,596 $ (31,046) (2.2) $ 1,471,251 $ (97,701) (6.6)13

Transit Operating SystemStatement of Revenue, Expense, and Income (Loss)For the Quarter Ended June 30, 2011(unaudited)(In Thousands)CurrentYear to Date$ Favorable % Fav $ Favorable % FavActual Budget (Unfavorable) (Unfav) Prior Yr Actual Budget (Unfavorable) (Unfav) Prior YrOperating revenuePassenger revenue $ 11,658 $ 11,810 $ (152) (1.3) $ 11,496 $ 47,497 $ 48,342 $ (845) (1.7) $ 46,229Other operating revenue 908 724 184 25.4 887 3,690 2,859 831 29.1 2,911Total operating revenue 12,566 12,534 32 0.3 12,383 51,187 51,201 (14) - 49,140Operating expenseWages and benefits 35,301 37,156 1,855 5.0 33,956 138,512 146,763 8,251 5.6 130,673Other post employment benefits 2,783 3,049 266 8.7 2,271 11,143 12,133 990 8.2 10,648Services 6,296 5,749 (547) (9.5) 6,550 24,160 23,808 (352) (1.5) 20,922Fuel and lube consumed 4,234 3,915 (319) (8.1) 2,979 13,957 15,663 1,706 10.9 13,920Materials and supplies 5,108 4,402 (706) (16.0) 4,209 17,533 16,422 (1,111) (6.8) 14,121Utilities 1,477 1,683 206 12.2 1,412 6,821 7,728 907 11.7 6,657Casualty and liability costs 2,320 1,286 (1,034) (80.4) 479 5,934 5,131 (803) (15.6) 4,832Lease and other expenses 1,094 879 (215) (24.5) 899 3,502 3,675 173 4.7 3,086Total operating expense 58,613 58,119 (494) (0.8) 52,755 221,562 231,323 9,761 4.2 204,859Operating income (loss) (46,047) (45,585) 585) (462) (1.0) (40,372) (170,375) (180,122) 122) 9,747 54 5.4 (155,719)Non-operating revenue (expenses)Grants and assistance * 46,982 46,657 325 0.7 35,118 198,675 200,560 (1,885) (0.9) 172,027Interest revenue 6,826 9,905 (3,079) (31.1) 16,192 7,068 10,120 (3,052) (30.2) 16,366Interest expense (12,452) (17,584) 5,132 29.2 (21,539) (29,271) (38,698) 9,427 24.4 (40,252)Contribution to outside entity (269) (246) (23) (9.3) (194) (971) (993) 22 2.2 (957)Gain (loss) on capital lease - - - n/a - (6,489) - (6,489) n/a -Unrealized gain (loss) on capital lease - - - n/a 1,301 - - - n/a (2,839)Unrealized gain (loss) fuel hedging # - - - n/a (3,725) - - - n/a -Other non-operating revenue (expense) 59 - 59 n/a 30 864 - 864 n/a (1,886)Total non-operating revenue (expense) 41,146 38,732 2,414 6.2 27,183 169,876 170,989 (1,113) (0.7) 142,459Income (loss) before depreciation (4,901) (6,853) 1,952 28.5 (13,189) (499) (9,133) 8,634 94.5 (13,260)Depreciation and amortization 18,797 18,006 (791) (4.4) 18,804 75,491 72,023 (3,468) (4.8) 74,814Net income (loss) $ (23,698) $ (24,859) $ 1,161 4.7 $ (31,993) $ (75,990) $ (81,156) $ 5,166 6.4 $ (88,074)Capital contributions 11,306 37,465Change in net assets (12,392) (38,525)Total net assets, beginning of the period 627,847 653,980Total net assets, end of the period $ 615,455$ 615,455* See detail broken out in schedule on the next page# Beginning July 1, 2010, Metro adopted GASB 53. The unrealized gain(loss) on fuel hedge is now reflected on the balance sheet.14

Transit Operating SystemDetailed Schedule of Grants and AssistanceFor the Quarter Ended June 30, 2011Current(unaudited)(In Thousands)Year to Date$ Favorable % Fav $ Favorable % FavActual Budget (Unfavorable) (Unfav) Prior Yr Actual Budget (Unfavorable) (Unfav) Prior YrGrants and assistanceMissouri assistanceCity of St. Louis 1/2 cent $ 4,653 $ 3,910 $ 743 19.0 $ 4,339 $ 16,440 $ 15,946 $ 494 3.1 $ 16,191City of St. Louis 1/4 cent 2,005 1,658 347 20.9 1,889 6,404 6,458 (54) (0.8) 7,023City of St. Louis Prop M2 (1/4 cent) 1,653 1,412 241 17.1 - 4,654 4,550 104 2.3 -Total City of St. Louis 8,311 6,980 1,331 19.1 6,228 27,498 26,954 544 2.0 23,214St. Louis County 1/2 cent 9,486 8,481 1,005 11.9 8,378 35,100 33,921 1,179 3.5 34,083St. Louis County 1/4 cent 7,997 6,561 1,436 21.9 6,968 28,822 27,924 898 3.2 29,882St. Louis County Prop A (1/2 cent) 8,129 11,077 (2,948) (26.6) - 36,500 39,446 (2,946) (7.5) -Total St. Louis County 25,612 26,119 (507) (1.9) 15,346 100,422 101,291 (869) (0.9) 63,965Other LocalPlanning and demo reimbursement 40 40 - - 40 160 160 - - 160Other miscellaneous assistance (47) - (47) n/a 111 841 - 841 n/a 468Total other local (7) 40 (47) (117.5) 151 1,001 160 841 525.6 628State of Missouri 39 207 (168) (81.2) 175 197 1,033 (836) (80.9) 1,176MO- American Recovery/Reinvestment Ac - - - n/a (1,000) - - - n/a 8,000Paratransit contracts 936 867 69 8.0 953 3,753 3,500 253 7.2 3,766Total other Missouri 975 1,074 (99) (9.2) 128 3,950 4,533 (583) (12.9) 12,942Total Missouri assistance 34,891 34,213 678 2.0 21,853 132,871 132,938 (67) (0.1) 100,749Illinois assistanceMadison County 11 - 11 n/a 11 11 - 11 n/a 11St. Clair Transit District 6,618 6,748 (130) (1.9) 3,314 38,885 40,672 (1,787) (4.4) 33,681State of Illinois 13 - 13 n/a 45 614 - 614 n/a 80Total Illinois assistance 6,642 6,748 (106) (1.6) 3,370 39,510 40,672 (1,162) (2.9) 33,772Total local and state assistance 41,533 40,961 572 1.4 25,223 172,381 173,610 (1,229) (0.7) 134,521Federal assistanceVehicle maintenance 4,000 4,000 - n/a 7,500 16,000 16,000 - n/a 30,000CMAQ grant 631 925 (294) (31.8) 635 2,505 3,700 (1,195) (7.5) 3,675Non-capital grants (i.e. JARC) 818 771 47 5.1 1,760 7,789 7,250 539 14.6 3,831Total federal assistance 5,449 5,696 (247) (4.3) 9,895 26,294 26,950 (656) (2.4) 37,506Total grants and assistance $ 46,982 $ 46,657 $ 325 0.7 $ 35,118 $ 198,675 $ 200,560 $ (1,885) (0.9) $ 172,02715

Transit SystemCash Receipts and Disbursements ScheduleFor the Quarter Ended June 30, 2011(unaudited)(In Dollars)Internally Sales Tax OtherRevenue Operating Restricted Prop M Capital Commodity Insurance RestrictedTotal Fund Fund Fund Fund Fund Funds Funds FundsCash & Investments 127,377,082 $ 1,531,943 $ 24,712,912 $ 14,659,125 $ 52,138,234 $ 13,497,517 $ 4,454,641 $ 15,841,371 $ 541,339Add :Passenger Fares 13,004,782 12,870,757 134,025 - - - - - -Other Op. Rev. - - - - - - - - -City of St. Louis 7,606,225 - 6,561,086 - 950,179 94,960 - - -St. Louis County 13,926,669 - 13,569,874 - 163,196 193,599 - - -State of Illinois 893,245 - 893,245 - - - - - -State of Missouri 190,556 - 190,556 - - - - - -Cross County Project 64,836 - 64,836 - - - - - -St. Clair Project 1,049,228 - 1,049,228 - - - - - -St. Clair County 7,380,674 - 7,380,674 - - - - - -FTA 20,624,298 - 20,624,298 - - - - - -Commodity Fund 677,785 - 16,873 - - - 660,912 - -All Other 5,086,876 - 5,039,193 5,485 34,310 6,437 - 1,443 8Cash Receipts 70,505,174 12,870,757 55,523,888 5,485 1,147,685 294,996 660,912 1,443 8Interfund Transfers - (12,852,665) 7,092,637 - (192,985) (34,099) - 5,987,112 -Less:Cash Disbursements (69,747,762) - (64,384,930) - (64,836) - - (5,297,996) -Balance June 30, 2011Cash & Investments 128,134,494 1,550,035 22,944,507 14,664,610 53,028,098 13,758,414 5,115,553 16,531,930 541,347Less:Pre-Encumbrances & RestrictionsLocal Match - Approved Grants 32,158,410 - - - 23,589,016 8,569,393 - - -- Grant Applications 6,113,645 - - - 2,113,365 4,000,280 - - -- Restricted Multi-Year Projects - - - - - - - - -- Long Range Capital Programs (1) 18,633,767 - - - 18,633,767 - - - -SIR Worker Comp Pledged Funds 4,405,000 - - - - - - 4,405,000 -Other Restrictions 56,942,982 1,550,035 22,944,507 14,664,610 - - 5,115,553 12,126,930 541,347Total Restrictions 118,253,803 1,550,035 22,944,507 14,664,610 44,336,148 12,569,673 5,115,553 16,531,930 541,347Unencumbered Cash & Investments $ 9,880,691 $ - $ - $ - $ 8,691,949 $ 1,188,741 $ - $ - $ -(1) Restricted to finance obligations.16

TotalDebtTrustee Revenue Debt Service Expense ServiceStatements Fund Fund Fund Reserve FundBalance April 1, 2011Cash & investments $ 31,130,917 $ 18,610 $ 17,258,880 $ 2,668,124 $ 11,185,303Add cash receipts:Transit SystemCross County Metrolink ProjectConsolidated Cash Receipts and Disbursements ScheduleFor the Quarter Ended June 30, 2011(In Dollars)(unaudited)St. Louis County sales tax 10,183,803 10,183,803 - - -St. Louis City sales tax 5,103,461 5,103,461 - - -Interest received 7,269 742 3,084 784 2,658Total cash receipts 15,294,532 15,288,005 3,084 784 2,658Less fund disbursements:Expenses (217,459) - - (217,459) -Prop M fund (6,670,328) (6,670,328) - - -Debt service Series 2002 A (613,603) - (613,603) - -Debt service Series 2002 B (7,226,043) - (7,226,043) - -Debt service Series 2007 (537,213) - (537,213) - -Debt service Series 2009 (2,383,988) - (2,383,988) - -Debt service Series 2010 (1,456,452) - (1,456,452) - -Total disbursements (19,105,085) (6,670,328) (12,217,298) (217,459) -Interfund transfers:Transfer from 2010 COI to 2002 DS - - 33,510 (33,510) -Interest/principal transfers - (8,636,287) 8,636,287 - -Total interfund transfers - (8,636,287) 8,669,797 (33,510) -Balance June 30, 2011Cash & investments $ 27,320,364 $ - $ 13,714,463 $ 2,417,939 $ 11,187,962Initial investment - 11/21/02 $ 514,943,492Bond proceeds - Series 2005a 135,848,904Cap interest - Series 2005a 13,516,096Cost of issuance - Series 2005a 485,000Bond proceeds - Series 2007 2,273,357Bond Proceeds - Series 2009 9,487,218676,554,067Life-to-date activityCash receipts 450,934,404Cash disbursements (1,100,168,107)Total activity net (649,233,702)Net investment $ 27,320,364***Calculations may not foot due to rounding***Due to timing issues, reconciling items exist between Bank of New York statement and General Ledger.17

Transit Operating SystemStatement of Cash FlowsFor the Year Ended June 30, 2011(unaudited)(In Thousands)Cash flows from operating activitiesReconciliation of operating loss toReceipts from customers $ 51,765net cash used for operating activitiesPayments to employees (141,644)Payments to vendors (56,237) Operating income (loss) $ (170,375)Payments for self-insurance (3,778)Receipts (payments) from inter-fund activity (1,805) Adjustments to reconcile operatingincome (loss) to net cash providedNet cash provided by (used in)by (used for) operating activitiesoperating activities (151,699)Change in assets and liabilitiesAccounts and notes receivables 578Cash flows from non capital financing activities Interfund accounts receivable (424)Operating assistance received 191,940 Materials and supplies (1,420)Contributions to outside entities (972) Prepaid expenses, deferred chargesNon-operating contributions 862 and other current assets (1,155)Accounts payable 3,226Net cash provided by (used in) Other current liabilities 7,584non capital financing activities 191,830 Interfund accounts payable 119Accrued expenses (214)Other post employment benefits liability 8,226Cash flows from capital and related financing activities Self-insurance liability 2,156Acquisitions of capital assets (29,648)Payments of long-term debt (14,360) Total adjustments 18,676Interest Paid (21,192)Contributed capital 37,466 Net cash provided by (used for)operating activities $(151,699)Cash flows from capital andrelated financing activities (27,734)Supplemental disclosure of cash flow informationCash flows from investing activitiesPurchases of investments (97,069) Noncash Activities:Proceeds from sale of investments 60,858Interest received 580 > Interest accrued on capital lease 4,561> Loss on capital lease termination 6,489Net cash provided by (used in) > Gain on Hedging Commodities 7> Remarketing of 2005 Debt, $150 million for new 2010 Debt, $145.2investing activities (35,631)million with a $4.7 million bond premiumNet increase (decrease) in cashand cash equivalents (23,234)Cash and cash equivalents, beginning of year 118,344Cash and cash equivalents, year to date $ 95,11018

Transit SystemSchedule of Aged Receivables - InvoicedJune 30, 2011(In Dollars)(unaudited)Less than 31-60 61-90 91-180 181-360 Over30 days days days days days 361 days TotalDue from TMA Customers $ 195,474 $ 9,851 $ 6,615 $ 71,546 $ - $ 2,393 $ 285,879Due from Call-A-Ride 307,871 1,194 - - - - 309,065Due from Engineering Services - - - - - - -Due from Advertising (Marketing) - - - - - - -Due from Leases and Rents 18,159 105 - 2,322 3,291 22,597 46,474Due from Auxiliary Services/Others 447,832 - - 861 1,301 614 450,608Due from Grants 4,712,148 - 74,061 86,814 318,058 237,233 5,428,314Due from Passes 172,288 6,161 11,966 9,061 4,068 425 203,969Total $ 5,853,772 $ 17,311 $ 92,642 $ 170,604 $ 326,718 $ 263,262 $ 6,724,30919

Transit SystemCapital Expenditures for Active ProjectsFor the Quarter Ended June 30, 2011(unaudited)Description Budget Current Year-To-Date Life-To-Date BalanceProject #0003 Cross County Extension $ 633,793,311 $ 76,342 $ 327,054 $ 574,954,296 $ 58,839,0150020 Buses 40ft FY05-FY09 (X190) 9,069,103 375,790 4,864,658 9,061,131 7,9720022 Buses 40ft FY05-FY09 (X197)2 12,903,626 - - 52,215 12,851,4110023 Buses 40ft FY05-FY09 (0103) 1,201,181 - - 35,492 1,165,6890034 Van Procurement FY04-FY08 (X204) 2 2,725,892 - - 2,710,430 15,4620067 Illinois Bus Facility 1,530,059 - - 1,137,991 392,0680097 ML Bike Trail - County 11,343,687 1,439,172 3,517,557 4,459,246 6,884,4410119 Operations Management (X197) 1,470,009 - - 1,420,392 49,6170302 Fare Collection System Upgrade (04) TVM 1,779,411 6,733 40,400 1,394,703 384,7081237 CAR Van Replacement FY07 2,979,786 - - 2,913,172 66,6141239 Elevator Replacement Grand ML 3,276,745 255,149 605,899 780,090 2,496,6551241 WAN Updates FY06 1,319,671 43,483 384,188 1,278,972 40,6991279 Fare Collection System Upgrade/Replacement (06 Earmark) 25,691,004 153,132 2,669,958 3,284,490 22,406,5151280 Vandeventer Bridge Replacement (06 Earmark) 6,215,688 34,696 838,970 5,810,030 405,6581290 Buses FY05 Fed Earmark (25) 1,222,566 2,661 19,575 19,575 1,202,9921291 22 Van Replacement MO 5309 1,837,628 - - 1,801,998 35,6301334 Rail Profile Grinding Rehab z 1, 300 , 899193, 924201, 639212, 018 1, 088 , 8811361 Radio System CAD/AVL 21,642,807 - 17,912 38,942 21,603,8651443 Buses IL 7 40ft FY03 CMAQ 2,542,305 - 1,132,225 2,524,644 17,6611525 North Hanley Parking/Bus Loop 2,408,341 40,001 1,219,172 1,497,273 911,0681528 Illinois Slope Repair ARRA z 2,742,271 22,235 1,727,133 2,734,112 8,1591530 Eads Bridge Rehab ARRA 24,526,668 271,250 1,116,834 1,189,635 23,337,0331531 Rail & Tie Replacement 1,622,894 45 928 4,595 1,618,2991532 UMSL Interlocking ARRA Funded 8,487,106 17,851 392,352 1,273,925 7,213,18120

Transit SystemCapital Expenditures for Active ProjectsFor the Quarter Ended June 30, 2011(unaudited)Description Budget Current Year-To-Date Life-To-Date BalanceProjects continued1539 FY09 CMAQ Operating Assistance z 9,250,000 1,569,444 3,924,873 6,017,920 3,232,0801546 Illinois Buses FY09 CMAQ 2,689,129 - 1,507,292 1,507,292 1,181,8371551 East Riverfront Interlocking 11,173,626 971,327 1,527,572 2,709,593 8,464,0331566 West County Reverse Flow 2,666,616 818,240 1,722,610 1,722,610 944,0061574 CAR Van Replacement 08-09 Earmark 2,071,305 - - 1,239,039 832,2661617 Scott Transit Plaza 4,061,920 264,674 422,928 422,928 3,638,9921632 Buses 35 and 40 Foot Earmark 2,291,492 - - - 2,291,4921633 Buses 35 and 40 Foot (X231) 3,852,160 - - - 3,852,1601634 Buses 35 Foot 3,077,169 - - - 3,077,1691666 Slope Stabilization z 3,700,000 - - - 3,700,0001667 Soil Nailed Wall Removal z 1,300,000 - - - 1,300,0001668 Embankment Erosion z 2,362,430 - - - 2,362,4301676 1st FY11 Prevent Maintenance z 20,000,000 20,000,000 20,000,000 20,000,000 -1680 SCADA Hardening II DHS 4, 828 , 492- - - 4, 828 , 4921708 MO Substation Water Mitigation z 1,024,898 - - - 1,024,8981717 Non-Revenue Vehicles FY12 MO 1,684,200 - - - 1,684,2001722 Missouri Slopes Stability z 1,144,600 - - - 1,144,6001723 MO OCS Wire Rehab z 1,369,633 - - - 1,369,6331724 Missouri Rail Tie Replacement z 1,934,162 - - - 1,934,162All others *z 30,924,735 1,280,199 4,960,613 12,129,107 18,795,626Total active projects $ 895,039,224 $ 27,836,348 $ 53,142,343 $ 666,337,855 $ 228,701,368* "All Others" list all projects with a budget less than one million dollars.z Some Projects/Awards do not produce a fixed asset; they are considered operating expenditures.21

Business EnterprisesFinancialsMetropolitan St. Louis Attractions

Gateway Arch TramFinancialsWorld-ClassFinancial Highlights ......................................... 22Balance Sheet ................................................. 23Income/Expense Analysis ............................... 24Consolidated Cash Receiptsand Disbursement Schedule ........................ 25Statement of Cash Flows ................................ 26Capital Expendituresfor Active Projects ......................................... 27

Gateway Arch TramFiscal Year Ended June 30, 2011(preliminary, subject to audit)Operating income for the Gateway Arch Tram for the yearended June 30, 2011, was $1,710,349 which is 14.2%favorable to a budget of $1,498,149. This was 5.1% aboveprior year results.Arch ticket sales for the year were 1.2% less than budgetand tram ridership was 0.7% less than planned. Tramridership increased 0.2% compared to prior year.Salaries, benefits, other post employment benefits are21.0% or $346,863 below budget as a result of open positionsand reduced part-time staffing.Operating RevenuesMgmt fee toAgency16.0%Materials &supplies3.9%Other22.1%Operating ExpensesCasualty &liability0.8%Wages &benefits35.4%Services,utilities21.8%Materials and supplies, and fuel are $56,693 favorable tobudget due to lower than budgeted expense for repair parts,office furniture, ticket stock, and computer equipment.Other0.9%Child TicketSales20.9%Adult TicketSales78.2%Other expenses are $222,480 unfavorable to budget due tohigher advertising expenses for rebranding efforts, mediaprograms and direct mailings, and also management fees paidto the Agency.Other non-operating revenues (expenses) includecontributions to the National Park Service for the Arch visitor’scenter, museum lobby renovation and the Arch parking facilitypedestrian crosswalk to the Arch.Services are 14.6% favorable to budget primarily due to lowerlegal, consulting, and maintenance and mechanics servicecosts.Tram Ridership ComparisonAdult Child TotalFY11 Actual 612,796 229,270 842,066FY11 Budget 626,503 221,591 848,094FY10 Actual 618,332 221,964 840,29622

Gateway Arch TramQuarterly Balance Sheet ComparisonJune 30, 2011(unaudited)AssetsCurrent Prior $ Change % Chg Prior Year $ Change % ChgCurrent assetsCash $ 1,715,706 $ 11,736,183 $ (10,020,477) (85.4) $ 973,923 $ 741,783 n/aRestricted cash 702,246 699,227 3,019 0.4 1,394,065 (691,819) (49.6)Investments 10,001,692 - 10,001,692 n/a 9,540,837 460,855 4.8Receivables 91,609 165,346 (73,737) (44.6) 62,122 29,487 47.5Prepaid expenses 400 10,288 (9,888) (96.1) - 400 n/aTotal current assets 12,511,653 12,611,044 (99,391) (0.8) 11,970,947 540,706 4.5Capital assetsCapital assets, net of accum deprec 1,566,112 1,565,176 936 0.1 1,845,205 (279,093) (15.1)Construction-in-process - 422,439 (422,439) (100.0) 374,005 (374,005) (100.0)Total capital assets 1,566,112 1,987,615 (421,503) (21.2) 2,219,210 (653,098) (29.4)Total assets $ 14,077,765 $ 14,598,659 $ (520,894) (3.6) $ 14,190,157 $ (112,392) (0.8)Liabilities and net assetsCurrent liabilitiesAccounts payable $ 538,478 $ 535,060 $ 3,418 0.6 $ 821,415 $ (282,937) (34.4)Accrued expenses 35,543 34,793 750 2.2 32,793 2,750 8.4Deferred revenue 50,346 65,681 (15,335) (23.3) 57,025 (6,679) (11.7)Total current liabilities 624,367 635,534 (11,167) (1.8) 911,233 (286,866) (31.5)Non-current liabilitiesOther post employment benefits 202,246 200,117 2,129 1.1 151,301 50,945 33.7General self insurance liability 1,381 1,380 1 0.1 6,380 (4,999) (78.4)Total non-current liabilities 203,627 201,497 2,130 1.1 157,681 45,946 29.1Total liabilities 827,994 837,031 (9,037) (1.1) 1,068,914 (240,920) (22.5)Net assetsUnrestricted 13,121,243 13,121,243 - - 12,374,911 746,332 6.0Net income (loss) 128,528 640,385 (511,857) (79.9) 746,332 (617,804) (82.8)Total net assets 13,249,771 13,761,628 (511,857) (3.7) 13,121,243 128,528 1.0Total liabilities and net assets $ 14,077,765 $ 14,598,659 $ (520,894) (3.6) $ 14,190,157 $ (112,392) (0.8)23

Gateway Arch TramStatement of Revenue, Expense, and Income (Loss)For the Quarter Ended June 30, 2011(unaudited)Operating revenuesCurrentYear to DateActual Budget $ Change % Chg Prior Yr Actual Budget $ Change % Chg Prior YrArch ticket sales $ 1,667,170 $ 1,702,561 $ (35,391) (2.1) $ 1,700,250 $ 5,426,925 $ 5,493,476 $ (66,551) (1.2) $ 5,421,501Service/fee revenue 9,758 11,582 (1,824) (15.7) 13,862 25,878 45,113 (19,235) (42.6) 47,823Sales discounts and allowances (27,024) (20,584) (6,440) (31.3) (26,111) (76,969) (58,847) (18,122) (30.8) (88,475)Other revenue 3,850 1,700 2,150 126.5 4,650 23,718 7,650 16,068 210.0 8,732Total operating revenues 1,653,754 1,695,259 (41,505) (2.4) 1,692,651 5,399,552 5,487,392 (87,840) (1.6) 5,389,581Operating expensesSalaries, wages and benefits 341,416 435,413 93,997 21.6 342,946 1,240,012 1,587,506 347,494 21.9 1,239,281Other post employment benefits 16,508 15,031 (1,477) (9.8) 18,124 65,324 64,693 (631) (1.0) 65,130Services 191,248 197,068 5,820 3.0 261,933 701,739 822,058 120,319 14.6 868,298Fuel and lube consumed - - - n/a - 46 - (46) n/a 97Materials and supplies 20,065 24,391 4,326 17.7 51,646 144,185 200,924 56,739 28.2 167,561Utilities 27,739 23,509 (4,230) (18.0) 25,370 103,793 89,456 (14,337) (16.0) 89,054Casualty and liability 8,843 10,839 1,996 18.4 9,575 30,372 43,354 12,982 29.9 37,991Other expenses 537,066 369,359 (167,707) (45.4) 442,808 1,403,732 1,181,252 (222,480) (18.8) 1,295,163Total operating expenses 1,142,885 1,075,610 (67,275) (6.3) 1,152,402 3,689,203 3,989,243 300,040 7.5 3,762,575Operating income (loss) 510,869 619,649 (108,780) (17.6) 540,249 1,710,349 1,498,149 212,200 14.2 1,627,006Non-operating revenues (expenses)Interest income 2,620 6,800 (4,180) (61.5) 4,456 14,003 27,000 (12,997) (48.1) 13,974Contribution to Outside Entities (554,522) (5,850) (548,672) n/a (211,793) (844,942) (23,400) (821,542) n/a (292,216)Other non-operating revenue (expense) - - - n/a (210,243) (30) - (30) n/a (210,244)Total non-operating revenues (expenses) (551,902) 950 (552,852) n/a (417,580) (830,969) 3,600 (834,569) n/a (488,486)Income (loss) before depreciation (41,033) 620,599 (661,632) (106.6) 122,669 879,380 1,501,749 (622,369) (41.4) 1,138,520Depreciation and amortization 470,824 101,015 369,809 7.0 92,717 750,852 404,062 346,790 6.8 392,188Net income (loss) $ (511,857) $ 519,584 $ (1,031,441) (198.5) $ 29,952 $ 128,528 $ 1,097,687 $ (969,159) (88.3) $ 746,33224

Gateway Arch TramConsolidated Cash Receipts and Disbursements ScheduleFor the Quarter Ended June 30, 2011(unaudited)DescriptionCapitalImprovementRenewal OtherRevenue Operating Replacement RestrictedTotal Fund Fund Fund FundsBalance at April 1, 2011Cash $ 12,435,410 $ - $ 8,739,128 $ 3,496,165 $ 200,117Add:Receipts 2,393,223 2,393,223 - - -Interest received 2,620 - 2,620 - -2,395,843 2,393,223 2,620 - -Interfund transfers - (2,393,223) (2,611,091) 5,002,185 2,129Less:Cash disbursements (2,411,609) - (2,411,609) - -Balance at June 30, 2011Cash $ 12,419,644 $ - $ 3,719,048 $ 8,498,350 $ 202,24625

Gateway Arch Tram SystemStatement of Cash FlowsFor the Year Ended June 30, 2011(unaudited)Cash flows from operating activitiesReconciliation of operating loss toReceipts from customers $ 5,362,369net cash used for operating activitiesPayments to employees (1,251,640)Payments to vendors (2,259,521) Operating income (loss) $ 1,710,349Payments for self-insurance (35,371)Receipts (payments) from inter-fund activity (376,296) Adjustments to reconcile operatingincome (loss) to net cash providedNet cash provided by (used in)by (used for) operating activitiesoperating activities 1,439,541Change in assets and liabilitiesAccounts and notes receivables (37,182)Cash flows from noncapital financing activities Interfund accounts receivable 7,696Contributions to outside entities (844,942) Prepaid expenses, deferred chargesand other current assets (400)Net cash provided by (used in) Accounts payable (488,003)financing activities (844,942) Other current liabilities (6,680)Interfund accounts payable 205,065Accrued expenses 2,750Cash flows from capital and related financing activities Other post employment benefits liability 50,946Acquisitions of capital assets (97,784) Self-insurance liability (5,000)Cash flows from capital and Total adjustments (270,808)related financing activities (97,784)Net cash provided by (used for)operating activities $ 1,439,541Cash flows from investing activitiesPurchases of investments (15,010,554)Proceeds from sale of investments 14,549,700Interest received 14,003Net cash provided by (used in)investing activities (446,851)Supplemental disclosure of cash flow informationNo disclosures.Net increase (decrease) in cashand cash equivalents 49,964Cash and cash equivalents, beginning of year 2,367,988Cash and cash equivalents, year to date $ 2,417,95226

Gateway ArchCapital Expenditures for Active ProjectsFor the Quarter Ended June 30, 2011(unaudited)Description Budget Current Year-To-Date Life-To-Date BalanceJNEM Trench Drain Project y $ 2,288,000 $ - $ - $ - $ 2,288,000Arch Visitors Center Improvements y 1,105,941 127,651 176,115 176,115 929,826Tram capsule welding renovation 100,000 - - - 100,000Service elevator upgrade - design 59,000 - - - 59,000Carpet for Observation Deck and Loading Zones - 97,784 97,784 97,784 (97,784)Total Gateway Arch $ 3,552,941 $ 225,435 $ 273,899 $ 273,899 $ 3,279,042yUpon completion of this project, assets to be contributed to National Park Service (NPS).27

Arch Parking FacilityFinancialsFirst Line AmbassadorFinancial Highlights ......................................... 28Balance Sheet ................................................. 29Income/Expense Analysis ............................... 31Consolidated Cash Receiptsand Disbursement Schedule ........................ 32Statement of Cash Flows ................................ 33Capital Expendituresfor Active Projects ........................................ 34

Gateway Arch ParkingFacilityFiscal Year Ended June 30, 2011(preliminary, subject to audit)Operating income for the Gateway Arch Parking Facility forthe year ended June 30, 2011 was $692,200 or $53,203favorable to budget. Higher operating income resultedprimarily from lower expenses than budgeted for the year.Operating revenue for the year was 3.0% unfavorablecompared to budget and was 0.4% less than FY 2010. Dailyparking revenue was 2.8% or $43,043 unfavorable to budget,while monthly parking revenue was unfavorable 14.2% or$35,697 below budget.Other5.3%Monthlyparking12.1%Operating RevenuesDaily parking82.6%Salaries, wages and benefits, other post employmentbenefits are $72,144 or 15.8% favorable to budget. Thevariance is primarily the result of favorable payroll hours andan unfilled position.Casualty &Liability2.6%Services &Other39.0%Operating ExpensesWages &benefits35.3% Utilities7.3%Materials &supplies2.7%Mgmt Fee13.1%Services are 5.9% favorable to budget and consist primarily oftemporary help, maintenance, custodial, and security services.Materials and supplies, and fuel are $6,709 unfavorable tobudget primarily due to parking facility repair parts.Utilities are $5,620 or 7.6% unfavorable to budget primarilydue to winter related electricity expenses and a rate increase.Casualty and liability expenses are $6,047 or 17.6%favorable to budget partially due to favorable claimsexperience.Other expenses are 10.0% favorable to budget. Thiscategory consists primarily of management fees paid to theAgency.Vehicle TransactionsFY11 Actual 271,589FY11 Budget 276,933FY10 Actual 272,25828

Gateway Arch Parking FacilityQuarterly Balance Sheet ComparisonJune 30, 2011(unaudited)AssetsCurrent Prior $ Change % Chg Prior Year $ Change % ChgCurrent assetsCash and investments $ 1,372,550 $ 1,280,354 $ 92,196 7.2 $ 1,480,522 $ (107,972) (7.3)Restricted cash and investments 1,485,001 1,335,167 149,834 11.2 1,446,823 38,178 2.6Account receivables 13,177 59,315 (46,138) (77.8) 54,321 (41,144) (75.7)Prepaid expenses 200 7,636 (7,436) (97.4) - 200 n/aTotal current assets 2,870,928 2,682,472 188,456 7.0 2,981,666 (110,738) (3.7)Capital assetsCapital assets, net of accum deprec 636,351 688,529 (52,178) (7.6) 897,919 (261,568) (29.1)Construction-in-process 32,730 32,730 - - 10,483 22,247 212.2Total capital assets 669,081 721,259 (52,178) (7.2) 908,402 (239,321) (26.3)Non-current assetsDeferred charges 4,712 6,091 (1,379) (22.6) 10,234 (5,522) (54.0)Total other assets 4,712 6,091 (1,379) (22.6) 10,234 (5,522) (54.0)Total assets $ 3,544,721 $ 3,409,822 $ 134,899 4.0 $ 3,900,302 $ (355,581) (9.1)29

Gateway Arch Parking FacilityQuarterly Balance Sheet ComparisonJune 30, 2011(unaudited)Liabilities and net assetsCurrent Prior $ Change % Chg Prior Year $ Change % ChgCurrent liabilitiesAccounts payable $ 161,911 $ 150,062 $ 11,849 7.9 $ 221,186 $ (59,275) (26.8)Accrued expenses 18,465 18,015 450 2.5 16,815 1,650 9.8Deferred revenue 12,516 12,896 (380) (2.9) 13,100 (584) (4.5)Total current liabilities 192,892 180,973 11,919 6.6 251,101 (58,209) (23.2)Current liabilities payable from restricted assetsAccrued interest payable 12,895 33,457 (20,562) (61.5) 12,895 - -Current portion of long-term debt 680,000 680,000 - - 645,000 35,000 5.4Total current liabilities payablefrom restricted assets 692,895 713,457 (20,562) (2.9) 657,895 35,000 5.3Total current liabilities 885,787 894,430 (8,643) (1.0) 908,996 (23,209) (2.6)Non-current liabilitiesOther post employment benefits 87,412 87,017 395 0.5 69,204 18,208 26.3General self insurance liability 16,240 16,240 - - 12,000 4,240 35.3Long-term debt, net of unamortized discount 710,402 707,177 3,225 0.5 1,377,505 (667,103) (48.4)Total non-current liabilities 814,054 810,434 3,620 0.4 1,458,709 (644,655) (44.2)Total liabilities 1,699,841 1,704,864 (5,023) (0.3) 2,367,705 (667,864) (28.2)Net assetsUnrestricted 1,532,597 1,532,597 - - 1,428,769 103,828 7.3Net income (loss) 312,283 172,361 139,922 81.2 103,828 208,455 n/aTotal net assets 1,844,880 1,704,958 139,922 8.2 1,532,597 312,283 20.4Total liabilities and net assets $ 3,544,721 $ 3,409,822 $ 134,899 4.0 $ 3,900,302 $ (355,581) (9.1)30

Gateway Arch Parking FacilityStatement of Revenue, Expense, and Income (Loss)For the Quarter Ended June 30, 2011(unaudited)Operating revenuesCurrentYear to DateActual Budget $ Change % Chg Prior Yr Actual Budget $ Change % Chg Prior YrIntercompany sales $ 8,600 $ - $ 8,600 n/a $ 8,680 $ 34,440 $ - $ 34,440 n/a $ 35,980Garage parking receipts 420,291 428,412 (8,121) (1.9) 447,478 1,471,250 1,514,293 (43,043) (2.8) 1,497,182Arch garage-monthly parking 52,175 63,003 (10,828) (17.2) 56,284 216,315 252,012 (35,697) (14.2) 221,944Service/fee revenue 14,536 - 14,536 n/a 21,915 58,163 - 58,163 n/a 32,972Other revenue 1,000 23,403 (22,403) (95.7) 812 1,799 70,712 (68,913) (97.5) 1,924Total operating revenues 496,602 514,818 (18,216) (3.5) 535,169 1,781,967 1,837,017 (55,050) (3.0) 1,790,002Operating expensesSalaries, wages and benefits 93,959 109,271 15,312 14.0 77,609 359,947 432,308 72,361 16.7 359,951Other post employment benefits 6,973 5,676 (1,297) (22.9) 7,336 24,785 24,568 (217) (0.9) 25,959Services 102,061 116,193 14,132 12.2 117,347 422,812 449,139 26,327 5.9 465,255Fuel and lube consumed - 30 30 100.0 78 198 100 (98) (98.0) 125Materials and supplies 9,656 5,140 (4,516) (87.9) 8,990 29,392 22,781 (6,611) (29.0) 24,396Utilities 19,290 17,892 (1,398) (7.8) 14,785 79,933 74,313 (5,620) (7.6) 67,851Casualty and liability 7,101 8,612 1,511 17.5 7,644 28,403 34,450450 6,047 17.6 30,502Other expenses 40,735 44,536 3,801 8.5 43,521 144,297 160,361 16,064 10.0 145,486Total operating expenses 279,775 307,350 27,575 9.0 277,310 1,089,767 1,198,020 108,253 9.0 1,119,525Operating income (loss) 216,827 207,468 9,359 4.5 257,859 692,200 638,997 53,203 8.3 670,477Non-operating revenues (expenses)Interest income 594 3,980 (3,386) (85.1) 108 2,244 11,290 (9,046) (80.1) 711Interest expense (23,787) (23,760) (27) (0.1) (34,663) (114,093) (110,828) (3,265) (2.9) (155,948)Other non-operating revenue (expense) - - - n/a - 97,214 - 97,214 n/a -Total non-operating revenues (expenses) (23,193) (19,780) (3,413) (17.3) (34,555) (14,635) (99,538) 84,903 85.3 (155,237)Income (loss) before depreciation 193,634 187,689 5,945 3.2 223,304 677,565 539,459 138,106 25.6 515,240Depreciation and amortization 53,712 89,545 35,833 40.0 102,784 365,282 358,179 (7,103) (2.0) 411,412Net income (loss) $ 139,922 $ 98,144 $ 41,778 42.6 $ 120,520 $ 312,283 $ 181,280 $ 131,003 72.3 $ 103,82831

Gateway Arch Parking FacilityConsolidated Cash Receipts and Disbursements ScheduleFor the Quarter Ended June 30, 2011(unaudited)Oper & Maint Bi-State Bond Fund RenewBonds Fund Oper & Prin & Int Debt Serv Replace OtherChange Rev Bond Maint Bond Res Fund Fund RestrictedDescription Total Fund Fund Issue Fund Issue Bonds Bond Issue FundsBalance at April 1, 2011Cash $ 2,615,521 $ 2,000 $ 21,579 $ 99,892 $ 1,156,883 $ 257,452 $ 790,696 $ 200,002 $ 87,017Add:Revenue collected 438,265 - 438,265 - - - - - -Received from arch tram 40,000 - - - 40,000 - - - -Interest received 28 - 2 1 9 7 4 5 -Total cash receipts 478,293 - 438,267 1 40,009 7 4 5 -Interfund transfers:Monthly transfers - - (25,346) 99,892 (265,501) 190,562 - - 393Interest transfers - - 13 (1) - (7) - (5) -Total interfund transfers - - (25,333) 99,891 (265,501) 190,555 - (5) 393Less:Debt service/interest payment (41,125) - - - - (41,125) - - -Bank expenses (138) - (138) - - - - - -Paid to transit (160,000) - - - (160,000) - - - -Paid to agency (35,000) - - - (35,000) - - - -Total disbursements (236,263) - (138) - (195,000) (41,125) - - -Balance at June 30, 2011Cash $ 2,857,551 $ 2,000 $ 434,375 $ 199,784 $ 736,391 $ 406,889 $ 790,700 $ 200,002 $ 87,41032

Gateway Arch Parking FacilityStatement of Cash FlowsFor the Year Ended June 30, 2011(unaudited)Cash flows from operating activitiesReconciliation of operating loss toReceipts from customers $ 1,781,034net cash used for operating activitiesPayments to employees (364,873)Payments to vendors (700,741) Operating income (loss) $ 692,200Payments for self-insurance (24,163)Receipts (payments) from inter-fund activity 6,128 Adjustments to reconcile operatingincome (loss) to net cash providedNet cash provided by (used in)by (used for) operating activitiesoperating activities 697,385Change in assets and liabilitiesAccounts and notes receivables (934)Cash flows from noncapital financing activities Interfund accounts receivable 42,078None.Prepaid expenses, deferred chargesand other current assets (200)Accounts payable (165,882)Cash flows from capital and related financing activities Other current liabilities (584)Payments of long-term debt (645,000) Interfund accounts payable 106,607Interest paid (101,197) Accrued expenses 1,650Contributions from outside entities 97,214 Other post employment benefits liability 18,209Acquisitions of capital assets (120,439) Self insurance liability 4,241Net cash provided by (used in) Total adjustments 5,185capital and related financing activities (769,422)Net cash provided by (used for)operating activities $ 697,385Cash flows from investing activitiesPurchases of investments (1,240,588)Redemptions of investments 1,240,559Interest received 2,244Net cash provided by (used in)investing activities 2,215 Supplemental disclosure of cash flow informationNet increase (decrease) in cashand cash equivalents (69,822)Cash and cash equivalents, beginning of year 2,927,373Cash and cash equivalents, year to date $ 2,857,551No disclosures.33

Gateway Arch Parking FacilityCapital Expenditures for Active ProjectsFor the Quarter Ended June 30, 2011(unaudited)Description Budget Current Year-To-Date Life-To-Date BalanceArch Garage Pedestrian Walkway $ 222,498 $ 154 $ 87,710 $ 98,193 $ 124,305Revenue Management Service Upgrade 98,189 - 32,730 32,730 65,459Total Gateway Arch Parking Facility $ 320,687 $ 154 $ 120,439 $ 130,923 $ 189,76434

Riverfront AttractionsFinancialsUnique EntertainmentFinancial Highlights ......................................... 35Balance Sheet ................................................. 36Income/Expense Analysis ............................... 37Consolidated Cash Receiptsand Disbursement Schedule ........................ 38Statement of Cash Flows ................................ 39Capital Expendituresfor Active Projects ......................................... 40

Riverfront AttractionsFiscal Year Ended June 30, 2011(preliminary, subject to audit)Riverfront Attractions includes the Tom Sawyer and BeckyThatcher riverboats operations, bike rentals, and heliport. Allare located at the St. Louis riverfront. The major component ofRiverfront Attractions is the Riverboat operations which includesightseeing, dinner, and specialty cruises as well as gift shop,snack bar, and photography sales.Operating loss for all Riverfront Attractions for the year endedJune 30, 2011, is $376,100. This is $476,006 unfavorable tobudget and unfavorable to the prior year by $259,142.Riverboat patronage decreased 28.0% from FY 2010. FY 2011operations were unfavorably impacted by the loss of 54 primetourist days due to high river levels.Operating revenue is $1,785,966 or 41.6% unfavorable tobudget and unfavorable to prior year by $716,891 or 28.6%.Operating RevenuesFood &beverage34.8%Salaries, wages & benefits, other post employmentbenefits are 29.6% favorable to budget due to unfilledbudgeted positions and fewer part-time staff hours neededduring the 54 cruising days lost due to high water.Materials and supplies, and fuel are 45.6% favorable tobudget due to 54 cruising days lost to high river levels.Services are $793 or 0.3% favorable to budget. Fewer charterand specialty cruises resulted in lower entertainment groupsand park ranger interpretive service expense. These favorablevariances were offset by several unexpected riverboatmaintenance projects.Utilities are $16,062 or 17.8% favorable to budget alsoprimarily due to the less cruising days.Casualty &liability7.0%Utilities,other12.6%Services13.4%Operating ExpensesWages &benefits48.4%Fuel, materials& supplies18.6%Cruise53.7%Retail, other11.5%Qtr YTD Passengers CruisesPassengersper CruiseFY11 Actual 76,230 816 93FY11 Budget 123,800 1,193 104FY10 Actual 105,887 1,022 10435

Riverfront AttractionsQuarterly Balance Sheet ComparisonJune 30, 2011(unaudited)AssetsCurrent Prior $ Change % Chg Prior Year $ Change % ChgCurrent assetsCash $ 18,928 $ 85,032 $ (66,104) (77.7) $ 18,619 $ 3091.7Accounts receivables 41,973 123,566 (81,593) (66.0) 93,693 (51,720) (55.2)Inventory 42,320 42,320 - - 45,179 (2,859) (6.3)Prepaid expenses 267 36,072 (35,805) (99.3) - 267 n/aTotal current assets 103,488 286,990 (183,502) (63.9) 157,491 (54,003) (34.3)Capital assetsCapital assets, net of accum deprec 2,267,460 2,333,264 (65,804) (2.8) 2,532,306 (264,846) (10.5)Total capital assets 2,267,460 2,333,264 (65,804) (2.8) 2,532,306 (264,846) (10.5)Total assets $ 2,370,948 $ 2,620,254 $ (249,306) (9.5) $ 2,689,797 $ (318,849) (11.9)Liabilities and net assetsCurrent liabilitiesAccounts payable $ 381,444 $ 375,976 $ 5,468 1.5 $ 126,639 $ 254,805 201.2Accrued expenses 94,731 94,476 255 0.3 93,796 935 1.0Deferred revenue 113,596 112,321 1,275 1.1 94,174 19,422 20.6Total current liabilities 589,771 582,773 6,998 1.2 314,609 275,162 87.5Non-current liabilitiesOther post employment benefits 231,264 235,514 (4,250) (1.8) 192,014 39,250 20.4General self insurance liability 48,520 49,520 (1,000) (2.0) 41,078 7,442 18.1Total non-current liabilities 279,784 285,034 (5,250) (1.8) 233,092 46,692 20.0Total liabilities 869,555 867,807 1,748 0.2 547,701 321,854 58.8Net assetsInvested in capital assets 254,907 254,907 - - 254,907 - -Unrestricted 1,887,189 1,887,189 - - 2,302,598 (415,409) (18.0)Net income (loss) (640,703) (389,649) (251,054) (64.4) (415,409) (225,294) (54.2)Total net assets 1,501,393 1,752,447 (251,054) (14.3) 2,142,096 (640,703) (29.9)Total liabilities and net assets $ 2,370,948 $ 2,620,254 $ (249,306) (9.5) $ 2,689,797 $ (318,849) (11.9)36

Riverfront AttractionsStatement of Revenue, Expense, and Income (Loss)For the Quarter Ended June 30, 2011(unaudited)Operating revenuesCurrent Year to DateActual Budget $ Change % Chg Prior Yr Actual Budget $ Change % Chg Prior YrCruise $ 265,049 $ 642,187 $ (377,138) (58.7) $ 384,197 $ 1,019,603 $ 1,741,150 $ (721,547) (41.4) $ 1,391,704Food and beverage 147,863 420,385 (272,522) (64.8) 255,817 621,861 1,166,280 (544,419) (46.7) 948,361Retail 26,224 50,600 (24,376) (48.2) 32,447 78,092 110,963 (32,871) (29.6) 98,284Sales discounts and allowances (18,986) (32,737) 13,751 42.0 (28,878) (61,440) (86,250) 24,810 28.8 (86,728)Other revenue 29,585 39,057 (9,472) (24.3) 38,796 127,850 128,572 (722) (0.6) 151,236Total operating revenues 449,735 1,119,492 (669,757) (59.8) 682,379 1,785,966 3,060,715 (1,274,749) (41.6) 2,502,857Operating expensesSalaries, wages and benefits 272,081 412,785 140,704 34.1 334,513 990,592 1,416,763 426,171 30.1 1,125,441Other post employment benefits 13,997 16,564 2,567 15.5 20,724 57,498 71,777 14,279 19.9 69,360Services 100,695 83,782 (16,913) (20.2) 69,635 288,802 289,595 793 0.3 415,636Fuel and lube consumed 20,864 28,000 7,136 25.5 15,222 70,745 83,000 12,255 14.8 63,419Materials and supplies 87,932 207,154 119,222 57.6 168,860 331,098 655,965 324,867 49.5 519,248Utilities 22,851 22,445 (406) (1.8) 26,401 74,358 90,420 16,062 17.8 91,714Casualty and liability 35,302 39,086 3,784 9.7 34,567 151,209 152,970 1,761 1.2 142,838Other expenses 81,293 54,702 (26,591) (48.6) 57,196 197,764 200,319 2,555 1.3 192,159Total operating expenses 635,015 864,518 229,503 26.5 727,118 2,162,066 2,960,809 798,743 27.0 2,619,815Operating income (loss) (185,280) 254,974 (440,254) (172.7) (44,739) (376,100) 99,906 (476,006) (476.5) (116,958)Non-operating revenues (expenses)Interest income 29 (3,500) 3,529 100.8 84 243 900 (657) (73.0) 278Other non-operating revenue (expense) - - - n/a (4,263) - - - n/a (4,363)Total non-operating revenues (expenses) 29 (3,500) 3,529 100.8 (4,179) 243 900 (657) (73.0) (4,085)Income (loss) before depreciation (185,251) 251,474 (436,725) (173.7) (48,918) (375,857) 100,806 (476,663) (472.9) (121,043)Depreciation and amortization 65,803 66,534 731 1.1 71,528 264,846 266,137 1,291 0.5 294,366Net income (loss) $ (251,054) $ 184,940 $ (435,994) (235.7) $ (120,446) $ (640,703) $ (165,331) $ (475,372) (287.5) $ (415,409)37

Riverfront AttractionsConsolidated Cash Receipts and Disbursements ScheduleFor the Quarter Ended June 30, 2011(unaudited)OperatingChangeTotal Fund FundBalance at April 1, 2011Cash $ 85,032 $ 79,132 $ 5,900Add:Revenue receipts 478,867 478,867 -Interest received 29 29 -478,896 478,896 -Less:Cash disbursements (545,000) (545,000) -Balance at June 30, 2011Cash $ 18,928 $ 13,028 $ 5,90038

Riverfront AttractionsStatement of Cash FlowsFor the Year Ended June 30, 2011(unaudited)Cash flows from operating activitiesReconciliation of operating loss toReceipts from customers $ 1,785,966net cash used for operating activitiesPayments to employees (1,007,904)Payments to vendors (946,205) Operating income (loss) $ (376,100)Payments for self-insurance (143,767)Receipts (payments) from inter-fund activity 311,976 Adjustments to reconcile operatingincome (loss) to net cash providedNet cash provided by (used in)by (used for) operating activitiesoperating activities 66Change in assets and liabilitiesInterfund accounts receivable 51,720Cash flows from capital and related financing activities Materials and supplies 2,859None noted.Prepaid expenses, deferred chargesand other current assets (267)Accounts payable (5,452)Cash flows from noncapital financing activities Other current liabilities 19,422None noted. Interfund accounts payable 260,257Accrued expenses 935Other post employment benefits liability 39,250Cash flows from investing activities Self-insurance liability 7,442Interest received 243Total adjustments 376,166Net cash provided by (used in)investing activities iti 243 Net cash provided d by (used for)operating activities $66Net increase (decrease) in cashand cash equivalents 309Cash and cash equivalents, beginning of year 18,619 SuNo disclosures.Cash and cash equivalents, year to date $ 18,92839

Riverfront AttractionsCapital Expenditures for Active ProjectsFor the Quarter Ended June 30, 2011(unaudited)Description Budget Current Year-To-Date Life-To-Date Balance$ - $ - $ - $ - $-Total Riverfront Attractions $ - $ - $ - $ - $-40

St. Louis Downtown AirportFinancialsThird Busiest Airport in IllinoisFinancial Highlights ......................................... 41Balance Sheet ................................................. 42Income/Expense Analysis ............................... 44Consolidated Cash Receiptsand Disbursement Schedule ........................ 45Statement of Cash Flows ................................ 46Schedule of Aged Receivables ....................... 47Capital Expendituresfor Active Projects ......................................... 48

St. Louis DowntownAirportFiscal Year Ended June 30, 2011(preliminary, subject to audit)Operating income for the St. Louis Downtown Airport for theyear ended June 30, 2011 was $58,374. This is unfavorable tobudget by $50,444 or 46.4%. These results are lower than theprior year by $62,471.Operating revenue was unfavorable to budget by 3.3% or$47,254. Aircraft movements and fuel sales in gallonsdeclined 19.6% and 14.8% respectively compared to theprevious year due to the current economic downturn and therunway closure for the widening and overlay project.Leasedacreage31.1%Hangar rentals33.2%Operating RevenuesConcessions9.2%Fuel & oilsales10.8%Aircraftparking9.5%Other6.2%Salaries, wages & benefits, other post employmentbenefits are unfavorable to budget by $30,678 or 3.8%..Wages &benefits62.2%Operating ExpensesServices6.0%Matls, fuel &supplies4.3%Mgmt fee,Other12.9%Casualty &liability3.8%Utilities10.8%Services are $34,097 unfavorable to budget due to unplannedengineering consulting services.Fuel and lube are $12,652 unfavorable to budget, but are only4.0% higher than prior year.Utilities are favorable to budget by 11.7% or $18,823 asexpected rate increases did not materialize.Other expenses are favorable to budget by $24,519 or 19.5%primarily due to spending constraints on the advertisingbudget.Qtr YTDFuel sales(gallons)AircraftmovementsBasedaircraftFY11 Actual 1,729,770 93,443 305FY11 Budget 2,100,000 115,000 280FY10 Actual 2,029,738 116,267 29741

St. Louis Downtown AirportQuarterly Balance Sheet ComparisonJune 30, 2011(unaudited)Current Prior $ Change % Chg Prior Year $ Change % ChgAssetsCurrent assetsCash and investments $ 81,718 $ 127,805 $ (46,087) (36.1) $ 214,850 $ (133,132) (62.0)Restricted cash and investments 154,658 206,602 (51,944) (25.1) 156,623 (1,965) (1.3)Accounts and notes receivables 144,477 79,092 65,385 82.7 523,991 (379,514) (72.4)Federal, state, and local assistance receivable 8,759 1,329,903 (1,321,144) (99.3) 1,377,345 (1,368,586) (99.4)Inventory 66,520 67,220 (700) (1.0) 67,355 (835) (1.2)Prepaid expenses 11,844 31,096 (19,252) (61.9) 11,279 565 5.0Total current assets 467,976 1,841,718 (1,373,742) (74.6) 2,351,443 (1,883,467) (80.1)Capital assetsCapital assets, net of accum deprec 16,353,707 16,681,199 (327,492) (2.0) 10,567,772 5,785,935 54.8Land 4,542,564 4,542,564 - - 4,542,564 - -Construction-in-process 748,621 440,133 308,488 70.1 4,398,270 (3,649,649) (83.0)Total capital assets 21,644,892 , 21,663,896 , (19,004) (0.1) 19,508,606 , 2,136,286 ,11.0Non-current assetsDeferred charges 105,315 113,847 (8,532) (7.5) 48,148 57,167 118.7Total non-current assets 105,315 113,847 (8,532) (7.5) 48,148 57,167 118.7Total assets $ 22,218,183 $ 23,619,461 $ (1,401,278) (5.9) $ 21,908,197 $ 309,986 1.442

St. Louis Downtown AirportQuarterly Balance Sheet ComparisonJune 30, 2011(unaudited)Current Prior $ Change % Chg Prior Year $ Change % ChgLiabilities and net assetsCurrent liabilitiesAccounts payable $ 15,430 $ 621,515 $ (606,085) (97.5) $ 184,328 $ (168,898) (91.6)Retention - - - n/a 890,395 (890,395) (100.0)Accrued expenses 57,614 57,239 375 0.7 56,239 1,375 2.4Other current liabilities 3,210 3,707 (497) (13.4) 2,389 821 34.4Total current liabilities 76,254 682,461 (606,207) (88.8) 1,133,351 (1,057,097) (93.3)Non-current liabilitiesOther post employment benefits 207,029 206,602 427 0.2 156,623 50,406 32.2General self insurance liability 71,054 71,066 (12) - 166,630 (95,576) (57.4)Total non-current liabilities 278,083 277,668 415 0.1 323,253 (45,170) (14.0)Total liabilities 354,337 960,129 (605,792) (63.1) 1,456,604 (1,102,267) (75.7)Net assetsInvested in capital assets 24,528,971 24,843,803 (314,832) (1.3) 21,758,434 2,770,537 12.7Unrestricted (1,306,841) (1,306,841) - - (224,330) (1,082,511) 482.6Net income (loss) (1,358,284) (877,630) (480,654) 54.8 (1,082,511) (275,773) 25.5Total net assets 21,863,846 22,659,332 (795,486) (3.5) 20,451,593 1,412,253 6.9Total liabilities and net assets $ 22,218,183 $ 23,619,461 $ (1,401,278) (5.9) $ 21,908,197 $ 309,986 1.443

St. Louis Downtown AirportStatement of Revenue, Expense, and Income (Loss)For the Quarter Ended June 30, 2011(unaudited)Operating revenuesCurrentYear to DateActual Budget $ Change % Chg Prior Yr Actual Budget $ Change % Chg Prior YrAircraft parking $ 33,348 $ 32,829 $ 519 1.6 $ 31,778 $ 130,612 $ 131,317 $ (705) (0.5) $ 127,418Leased acreage 104,058 107,702 (3,644) (3.4) 107,106 426,783 430,807 (4,024) (0.9) 427,835Hanger rental 114,090 114,338 (248) (0.2) 114,338 456,486 457,351 (865) (0.2) 456,834Aviation sale flowage fee 34,330 43,595 (9,265) (21.3) 43,009 148,984 189,500 (40,516) (21.4) 177,989Concession fees 13,986 13,986 - - 13,986 126,215 115,944 10,271 8.9 102,671Other revenue 20,318 24,150 (3,832) (15.9) 19,578 85,185 96,600 (11,415) (11.8) 87,927Total operating revenues 320,130 336,600 (16,470) (4.9) 329,795 1,374,265 1,421,519 (47,254) (3.3) 1,380,674Operating expensesSalaries, wages and benefits 180,751 185,894 5,143 2.8 189,654 764,843 734,455 (30,388) (4.1) 738,121Other post employment benefits 15,310 15,080 (230) (1.5) 19,113 65,290 65,000 (290) (0.4) 67,984Workers compensation self insured losses - 524 524 100.0 (8,408) (11,571) 2,104 13,675 650.0 12,364Services 50,474 11,330 (39,144) (345.5) (8,940) 79,173 45,076 (34,097) (75.6) 8,298Fuel and lube consumed 7,509 3,413 (4,096) (120.0) 7,517 24,917 12,265 (12,652) (103.2) 23,957Materials and supplies 34,297 32,250 (2,047) (6.3) 23,804 100,469 110,018 9,549 8.7 96,429Utilities 38,930 36,554 (2,376) (6.5) 24,288 141,859 160,682 18,823 11.7 138,225Casualty and liability 12,478 17,160 4,682 27.3 11,889 49,529 57,200 7,671 13.4 51,318Other expenses 27,902 32,549 4,647 14.3 20,105 101,382 125,901 24,519 19.5 123,133Total operating expenses 367,651 334,754 (32,897) (9.8) 279,022 1,315,891 1,312,701 (3,190) (0.2) 1,259,829Operating Income (loss) (47,521) 1,846 (49,367) n/a 50,773 58,374 108,818 (50,444) (46.4) 120,845Non-operating revenues (expenses)Interest income 42 1,550 (1,508) (97.3) 29 328 5,300 (4,972) (93.8) 415Grants and Assistance - - - n/a 52,900 - - - n/a 52,900Other non-operating revenue (expense) 11,527 - 11,527 n/a 40,720 1,018 - 1,018 n/a 40,720Total non-operating revenues (expenses) 11,569 1,550 10,019 646.4 93,649 1,346 5,300 (3,954) (74.6) 94,035Income (loss) before depreciation (35,952) 3,396 (39,348) n/a 144,422 59,720 114,118 (54,398) (47.7) 214,880Depreciation and amortization 444,702 283,738 (160,964) (56.7) 347,782 1,418,004 1,134,952 (283,052) (24.9) 1,297,391Net income (loss) $ (480,654) $ (280,342) $ (200,312) (71.5) $ (203,360) $ (1,358,284) $ (1,020,834) $ (337,450) (33.1) $ (1,082,511)44

St. Louis Downtown AirportConsolidated Cash Receipts and Disbursements ScheduleFor the Quarter Ended June 30, 2011(unaudited)OtherRevenue Operating RestrictedTotal Fund Fund FundsBalance at April 1, 2011Cash $ 334,407 $ 108,773 $ 19,032 $ 206,602Add:Customer payments 783,060 323,060 460,000 -Interest income 42 18 24 -Cash Receipts 783,102 323,078 460,024 -Interfund transfers - (350,000) 401,944 (51,944)Less:Cash disbursements (881,133) (133) (881,000) -Balance at June 30, 2011Cash $ 236,376 $ 81,718 $ -$ 154,65845

St. Louis Downtown AirportStatement of Cash FlowsFor the Year Ended June 30, 2011(unaudited)Cash flows from operating activitiesReconciliation of operating loss toReceipts from customers $ 1,383,023net cash used for operating activitiesPayments to employees (766,781)Payments to vendors (432,762) Operating income (loss) $ 58,374Payments for self-insurance (145,105)Receipts (payments) from inter-fund activity 130,742 Adjustments to reconcile operatingincome (loss) to net cash providedNet cash provided by (used in)by (used for) operating activitiesoperating activities 169,117Change in assets and liabilitiesAccounts and notes receivables 8,759Interfund accounts receivable 370,755Cash flows from noncapital financing activities Materials and supplies 835Operating assistance received 1,368,587 Prepaid expenses, deferred chargesNon-operating contributions 1,018 and other current assets (57,733)Accounts payable 2,385Net cash provided by (used in) Other current liabilities 820noncapital financing activities 1,369,605 Interfund accounts payable (171,283)Accrued expenses 1,375Other post employment benefits liability 50,406Cash flows from capital and related financing activities Self-insurance liability (95,576)Acquisitions of capital assets (4,444,684)Contributed capital 2,770,537 Total adjustments 110,743Net cash provided by (used in)Net cash provided by (used for)capital and related financing activities (1,674,147) operating activities $ 169,117Cash flows from investing activitiesInterest received 328Net cash provided by (used in)investing activities 328 No disclosures.Supplemental disclosure of cash flow informationNet increase (decrease) in cashand cash equivalents (135,097)Cash and cash equivalents, beginning of year 371,473Cash and cash equivalents, year to date $ 236,37646

St. Louis Downtown AirportSchedule of Aged ReceivablesJune 30, 2011(unaudited)Less than 31-60 61-90 91-180 181-360 Over30 days days days days days 361 days TotalIdeal Aviation Inc $ 6,997 $ - $ - $ - $ - $ - $ 6,997Jet Aviation 9,011 - - - - - 9,011Martin America Group 1,622 - 541 1,622 3,245 2,704 9,734Ozark Air Services 5,146 2,795 2,346 9,486 6,471 - 26,244Russ Beard 460 230 - 690 410 - 1,790IDOT Div of Aeronautics 8,759 - - - - - 8,759Subtotal 31,995 3,025 2,887 11,798 10,126 2,704 62,535All Other Customers (47) 10,510 400 107 - - - 11,017Total $ 42,505 $ 3,425 $ 2,994 $ 11,798 $ 10,126 $ 2,704 $ 73,55247

St. Louis Downtown AirportCapital Expenditures for Active ProjectsFor the Quarter Ended June 30, 2011(unaudited)Description Budget Current Year-To-Date Life-To-Date BalanceAircraft rescue & firefighting station (ARFF) $ 5,456,054 $ 84,449 $ 2,676,162 $ 5,360,827 $ 95,227Widen Runway 12R/30L 4,365,000 299,970 299,970 299,970 4,065,030Runway 12L/30R Extension 1,710,000 41,278 1,215,009 1,728,613 (18,613)Airport Fire Vehicle 767,382 - 3,003 757,299 10,083Ramp Access Road 257,155 - 172,738 203,163 53,992Construct Wetland Mitigation Area 220,461 - 73,070 192,605 27,856York HVAC unit (restaurant) - - 7,735 7,735 (7,735)Total St. Louis Downtown Airport $ 12,776,052 $ 425,697 $ 4,447,687 $ 8,550,212 $ 4,225,84048

ManpowerStaffingStaffing Level Report ....................................... 49

METROSTAFFING LEVEL REPORTJune 2011MULTI MODAL TRANSIT SYSTEMA.T.U. Maintenance & Operations:EMPLOYEES AT END OF MONTHPRIOR CURRENT BUDGETED PERCENTMONTH ADDED DELETED MONTH POSITIONS VARIANCE VARIANCELight Rail Vehicle Operators 98 0 (1) 97 95 2 2.1%PT Bus Operators 47 11 (2) 56 0 56 #DIV/0!Bus Operators 834 6 (11) 829 826 3 0.4%Van Operators 194 1 (5) 190 202 (12) -5.9%Vehicle Maintenance 265 13 (4) 274 280 (6) -2.1%MetroBus Support Services 24 0 0 24 24 0 0.0%Maintenance of Way 49 0 0 49 48 1 2.1%Revenue 12 0 (1) 11 13 (2) -15.4%Materials Management 24 0 0 24 23 1 4.3%SUBTOTAL Maintenance & Operations 1,547 31 (24) 1,554 1,511 43 2.8%Other:A.T.U. Clerical Unit 54 1 (1) 54 53 1 1.9%I.B.E.W. 60 2 0 62 62 0 0.0%Salaried 436 3 (1) 438 471 (33) -7.0%SUBTOTAL Other 550 6 (2) 554 586 (32) -5.5%TOTAL MULTI MODAL TRANSIT SYSTEM 2,097 37 (26) 2,108 2,097 11 0.5%PARKING GARAGESalaried: 6 0 0 6 6 0 0.0%Hourly: 6 1 (1) 6 8 (2) -25.0%TOTAL PARKING GARAGE 12 1 (1) 12 14 (2) -14.3%ARCHSalaried: 12 0 0 12 11 1 9.1%Hourly: 92 4 (9) 87 137 (50) -36.5%TOTAL ARCH 104 4 (9) 99 148 (49) -33.1%AIRPORT 10 1 0 11 11 0 0.0%RIVERBOAT CRUISESSalaried: 12 0 0 12 14 (2) -14.3%Hourly: 76 6 0 82 64 18 28.1%TOTAL RIVERBOAT CRUISES 88 6 0 94 78 16 20.5%EXECUTIVE OFFICE 16 2 0 18 16 2 12.5%TOTAL AGENCY 2,327 51 (36) 2,342 2,364 (22) -0.9%Does not include Security Officers, Interns or Temporary Employees7/22/201149

MetroPerformanceIndicatorsFiscal Year EndedJune 30, 2011BU10474

Table of ContentsSummary: Executive Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1Annual Transit Performance . . . . . . . . . . . . . . . . . . . . . . . 3Performance Profiles: System . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4MetroBus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5MetroLink . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6Call-A-Ride . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Business Enterprises & Agency . . . . . . . . . . . . . . . . . . . . .78Peer Performance: System . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9Bus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10Light Rail . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11Demand-Response . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12Transit Statistics: Average Weekday Ridership . . . . . . . . . . . . . . . . . . . . . . 13Passenger Boardings . . . . . . . . . . . . . . . . . . . . . . . . . . . 14Passengers by Jurisdiction. . . . . . . . . . . . . . . . . . . . . . . . 15Passenger Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16Revenue Miles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17Total Miles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18Revenue Hours . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19Total Hours . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20Expense by Mode . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21Unscheduled Absenteeism . . . . . . . . . . . . . . . . . . . . . . . 22Business Enterprises Statistics: Gateway Arch . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23Gateway Arch Parking . . . . . . . . . . . . . . . . . . . . . . . . . . 24Riverfront Attractions. . . . . . . . . . . . . . . . . . . . . . . . . . . . 25St. Louis Downtown Airport . . . . . . . . . . . . . . . . . . . . . . 26Agency Operating Income: Agency Operating Income . . . . . . . . . . . . . . . . . . . . . . . 27Definitions: Definitions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28

EXECUTIVE SUMMARYMETRO SYSTEMSERVICE CHANGES AND FARE INCREASESOn April 6, 2010, a 1/2-cent sales tax increase was approved by voters in St. Louis County. The passage of this proposition also triggered a 1/4-centsales tax in the City of St. Louis that voters there approved in 1997. Previously in November 2008, voters in St. Louis County were asked to vote on a1/2-cent sales tax increase for transit which failed. Metro had no other alternative than to increase fares effective January 1, 2009, and reduce serviceseffective March 30, 2009. The base fare for a single ride with no transfers was increased by 25 cents resulting in a new base fare of $2.00 forMetroBus and $2.25 for MetroLink. On August 3, 2009, a portion of the reduced services was restored after receiving a federal grant and a one-timeemergency appropriation from the State of Missouri. With the additional sales tax revenues, service restoration began on June 28, 2010 and wascompleted on August 30, 2010. The restoration of service approximates pre-March 2009 levels.RIDERSHIPPassenger boardings for the twelve months ended June 30, 2011, increased 5.8% compared to the previous year. MetroBus, MetroLink and Call-A-Rideincreased 8.1%, 2.4%, and 4.2% respectively.REVENUES AND EXPENSESCurrent year passenger revenues increased 2.7% as a result of the service restoration. FY 2011 operating expenses are 8.1% higher than last year.INJURIES, ACCIDENTS AND SECURITY INCIDENTSCompared to the prior year, system-wide passenger injuries per 100,000 boardings for the year increased 18.8% to 1.3 per 100,000 boardings. Securityincidents per 100,000 passenger boardings have increased primarily as a result of fare enforcement incidents.CUSTOMER MEASURESCustomer complaints per 100,000 boardings rose to 11.9 in FY 2011 from 8.7 in FY 2010. This increase is related to the service restoration.1

EXECUTIVE SUMMARY (cont.)BUSINESS ENTERPRISESGATEWAY ARCHArch tram ridership for the twelve months ended June 30, 2011, increased 0.2% compared to the previous year. Operating income was 5.1%higher than budget primarily as a result of controlling expenses.GATEWAY ARCH PARKINGVehicle transactions for the year decreased 0.2% compared to last year. Several months of FY11 parking transactions were negatively impacteddue to inclement weather. Operating income was 3.2% higher than last year primarily as a result of controlling expenses.RIVERFRONT ATTRACTIONSThe count of riverboat passengers for the twelve months decreased 28.0% compared to last year. In FY 2011, 54 prime tourist cruising daysduring FY11 were lost due to flooding. In FY 2010, 36 cruising days were lost due to flooding.ST. LOUIS DOWNTOWN AIRPORTAirport activity varies significantly because of special events, weather conditions, and the fact that fuel sales are based on deliveries to the fixedbase operators. For FY 2011 the airport decreased operating income 51.7% compared to the previous year. The number of aircraft movementsdecreased 19.6% due to the current econmic downturn and a runway closesure for widening and overlay project; however, the number of aircraftbased at the airport increased 2.7% compared to last year .AGENCYThe Agency incurred a $38 thousand operating loss for the twelve months ending June 30, 2011 as a result of Executive Service expansion.2

ANNUAL TRANSIT PERFORMANCEExpense per Revenue MilePassengers per Revenue Mile$20$16$12$8$4$0FY 07 FY 08 FY 09 FY 10 FY 11Rail Bus Paratransit8.07.06.05.04.03.02.010 1.00.0FY 07 FY 08 FY 09 FY 10 FY 11Rail Bus Paratransit$40$35$30$25$20$15$10$5$0Expense per Passenger BoardingFY 07 FY 08 FY 09 FY 10 FY 11Rail Bus Paratransit40%30%20%10%0%Farebox RecoveryFY 07 FY 08 FY 09 FY 10 FY 11Rail Bus Paratransit3

System ProfileAnnual Ridership (in millions)Passengers per Revenue Mile60.0050.0040.0030.0020.0010.00FY 07 FY 08 FY 09 FY 10 FY 11FY 11FY 10FY 09FY 08FY 071.5 1.6 1.7 1.8 1.9 2.0 2.1 2.2Twelve Months Ended June 30, 2011Goal FY 2011 FY 2010 ChangeFY 2009 FY 2008 FY 2007Customer Measures151,951 137,249 129,591 5.9% Average Weekday Ridership 167,952 173,156 165,22848,406,750 42,992,656 40,630,713 5.8% Passenger Boardings 52,768,856 53,766,733 50,943,1962.2 1.3 1.1 18.8% Passenger Injuries per 100,000 Boardings 1.0 1.1 1.37.9 11.9 8.7 36.8% Customer Complaints per 100,000 Boardings 7.8 6.5 6.43.0 5.7 4.5 26.7% Security Incidents per 100,000 Boardings 3.0 1.8 2.3Business Measures20.1% 20.8% 21.8% -4.6% Farebox Recovery 22.4% 21.3% 23.5%$137.63 $125.74 $129.83 -3.2% Operating Expense per Revenue Hour $123.48 $121.97 $108.34$4.80 $5.15 $5.04 2.2% Operating Expense per Passenger Boarding $4.00 $3.97 $3.58$3.61 $3.67 $3.66 0.3% Subsidy per Passenger Boarding $2.87 $2.73 $2.42Operating Measures1.2 1.6 1.5 6.7% Vehicle Accidents per 100,000 Vehicle Miles 1.6 1.6 1.83.1% 3.6% 3.1% 16.1% Unscheduled Absenteeism 4.3% 4.3% 4.2%2.1 1.7 1.7 -3.8% Passenger Boardings per Revenue Mile 2.1 2.1 2.028.7 24.4 25.8 -5.4% Passenger Boardings per Revenue Hour 30.9 30.7 30.34

MetroBus ProfileAnnual Ridership (in millions)Passengers per Revenue Mile35302520151050FY 07 FY 08 FY 09 FY 10 FY 11FY 11FY 10FY 09FY 08FY 071.0 1.2 1.4 1.6 1.8 2.0 2.2Twelve Months Ended June 30, 2011Goal FY 2011 FY 2010 ChangeFY 2009 FY 2008 FY 2007Customer Measures95,371 84,977 78,596 8.1% Average Weekday Ridership 107,370 109,182 104,24529,139,610 26,215,139 24,256,126 8.1% Passenger Boardings 32,679,788 33,370,847 31,561,6021.1 1.6 1.5 6.7% Passenger Injuries per 100,000 Boardings 1.2 1.2 1.511.1 16.6 12.5 32.8% Customer Complaints per 100,000 Boardings 9.9 8.1 7.0Business Measures18.9% 19.9% 20.7% -3.9% Farebox Recovery 22.3% 21.0% 23.2%$116.80 $105.60 $109.84 -3.9% Operating Expense per Revenue Hour $104.50 $102.27 $90.35$5.05 $5.35 $5.29 1.1% Operating Expense per Passenger Boarding $3.99 $3.98 $3.59Operating Measures2.3 2.2 2.1 4.8% Vehicle Accidents per 100,000 Vehicle Miles 2.3 2.2 2.392.5% 89.0% 93.2% -4.5% *On-Time Performance 92.6% 93.8% 93.5%1.9 1.4 1.5 -6.7% Passenger Boardings per Revenue Mile 1.9 1.9 1.923.1 19.7 20.8 -5.3% / Passenger Boardings per Revenue Hour 26.2 25.7 25.299.8% 99.9% 99.9% 0.0% Percent of Trips Completed 99.9% 99.8% 99.9%19,165 17,040 20,153 -15.4% Revenue Miles Between Roadcalls 19,469 17,529 17,307* On-Time Performance reporting change in FY 2011 - see Definitions, page 285

MetroLink ProfileAnnual Ridership (in millions)Passengers per Revenue Mile20FY 115.15151050FY 07 FY 08 FY 09 FY 10 FY 11FY 105.43FY 095.71FY 085.80FY 075.792.0 3.0 4.0 5.0 6.0 7.0Twelve Months Ended June 30, 2011Goal FY 2011 FY 2010 ChangeFY 2009 FY 2008 FY 2007Customer Measures54,613 50,282 49,083 2.4% Average Weekday Ridership 58,272 61,573 58,66318,705,890 16,209,098 15,828,981 2.4% Passenger Boardings 19,423,931 19,696,094 18,717,7251.0 0.7 0.4 75.0% Passenger Injuries per 100,000 Boardings 0.5 0.6 0.62.7 0.8 1.9 -57.9% Customer Complaints per 100,000 Boardings 1.8 2.5 2.2Business Measures28.1% 27.8% 30.4% -8.6% Farebox Recovery 28.5% 27.6% 30.5%$471.39 $472.63 $485.63 -2.7% Operating Expense per Revenue Hour $439.92 $422.31 $377.36$3.41 $3.83 $3.59 6.7% Operating Expense per Passenger Boarding $3.12 $3.04 $2.72Operating Measures0.1 0.0 0.1 -100.0% Vehicle Accidents per 100,000 Vehicle Miles 0.1 0.1 0.196.0% 98.7% 99.0% -0.3% *On-Time Performance 97.0% 98.0% 98.5%6.3 5.1 5.4 -5.6% Passenger Boardings per Revenue Mile 5.7 5.8 5.8138.3 123.4 135.3 -8.8% Passenger Boardings per Revenue Hour 141.0 138.8 138.529,400 29,975 28,987 3.4% Vehicle Miles between Failures 42,754 38,165 30,286* On-Time Performance reporting change in FY 2011 - see Definitions, page 286

Call-A-Ride ProfileAnnual Ridership (in millions)Passengers per Revenue Mile700,000600,000500,000400,000300,000FY 11FY 10FY 09FY 080.1230.1180.1360.143200,000100,000FY 07 FY 08 FY 09 FY 10 FY 11FY 070.1320.10 0.11 0.12 0.13 0.14 0.15Twelve Months Ended June 30, 2011Goal FY 2011 FY 2010 ChangeFY 2009 FY 2008 FY 2007Customer Measures1,967 1,989 1,912 4.0% Average Weekday Ridership 2,310 2,401 2,320561,250 568,419 545,606 4.2% Passenger Boardings 665,137 699,792 663,8694.5 7.4 5.5 34.5% Passenger Injuries per 100,000 Boardings 7.7 7.3 9.015.2 22.2 12.1 83.5% Customer Complaints per 100,000 Boardings 14.6 15.6 15.4Business Measures4.0% 4.7% 4.2% 11.9% Farebox Recovery (excludes TMA and contractual) 4.8% 4.8% 5.5%28.7% 31.8% 31.7% 0.3% Revenue Recovery (includes TMA and contractual) 31.7% 31.3% 36.1%$72.98 $63.03 $67.03 -6.0% Operating Expense per Revenue Hour $61.73 $66.64 $61.60$37.95 $33.31 $35.70 -6.7% Operating Expense per Passenger Boarding $29.92 $29.27 $27.43Operating Measures1.3 1.2 1.4 -14.3% Vehicle Accidents per 100,000 Vehicle Miles 1.4 1.3 1.697.4% 98.5% 99.0% -0.5% On-Time Performance 98.1% 94.2% 94.0%0.13 0.12 0.12 0.0% Passenger Boardings per Revenue Mile 0.14 0.14 0.131.9 1.9 1.9 0.0% Passenger Boardings per Revenue Hour 2.1 2.3 2.223,500 60,878 38,156 59.6% Revenue Miles between Maintenance Failure * 16,238 8,990 8,195*vehicle manufacturer and model changed in FY 20097

Business Enterprises and Agency ProfilesArch Tram Ridership(in thousands)Airport Fuel Sales(in gallons)Arch Parking Vehicle Transactions(in thousands)1,000650,000600,000300800550,000250600500,000450,000200400400,000150200FY 07 FY 08 FY 09 FY 10 FY 11350,0001st Qtr 2nd Qtr 3rd Qtr 4th QtrFY 07 FY 08 FY 09 FY 10 FY 11100FY 07 FY 08 FY 09 FY 10 FY 11Twelve Months Ended June 30, 2011Goal FY 2011 FY 2010 ChangeFY 2009 FY 2008 FY 2007Gateway Arch$1,498,148 $1,710,349 $1,627,006 5.1% Operating Income $1,832,343 $1,027,679 $2,228,766848,094 842,066 840,296 0.2% Tram Ridership 861,522 748,017 882,993Gateway Arch Parking$638,997 $692,200 $670,477 3.2% Operating Income $596,386 $768,416 $818,568276,933 271,589 272,258 -0.2% Vehicle Transactions 258,567 295,957 287,803Riverfront Attractions$99,907 (376,100) (116,958) 221.6% Operating Income(Loss) ($301,930) ($314,572) $161,045123,800 76,230 105,887 -28.0% Passengers 95,834 107,588 140,2901,193 816 1,022 -20.2% Cruises 1,009 1,087 1,384286 224 234 -4.3% Days of Operation 244 248 278St. Louis Downtown Airport$108,819 $58,374 $120,845 -51.7% Operating Income (Loss) ($39,879) $321,660 $403,6392,100,000 1,729,770 2,029,738 -14.8% Fuel Sales (gallons) 2,061,238 2,150,071 2,233,119115,000 93,443 116,267 -19.6% Aircraft Movements 116,316 110,987 128,530280 305 297 2.7% Based Aircraft 300 269 253Agency$134,257 ($38,229) $548,698 -107.0% Operating Income (Loss) $474,465 $4,964 $101,3608

Peer Performance - SystemCHARACTERISTICS ANDPERFORMANCE MEASURESST. LOUISBALTIMOREBALTIMOREBUFFALO BUFFALOCLEVELANDCLEVELANDDALLASDENVERDENVERPITTSBURGHPITTSBURGHPORTLANDPORTLANDSACRAMENTOSACRAMENTOSAN DIEGOSAN JOSEPopulation of service area FY 09 1.23 2.08 1.18 1.41 2.38 2.62 1.42 1.49 1.10 2.22 1.81(in millions) FY 08 1.56 2.08 1.18 1.41 2.40 2.62 1.42 1.47 1.10 2.22 1.81FY 07 1.56 2.08 1.18 1.41 2.33 2.62 1.45 1.25 1.09 2.22 1.81Passenger Boardings FY 09 52.7 123.7 28.3 45.6 65.0 98.2 68.7 108.6 35.4 88.3 46.6(in millions) FY 08 53.7 117.7 26.2 56.7 67.4 101.2 67.7 104.2 33.3 87.2 44.9FY 07 54.0 108.8 24.1 60.2 73.9 94.2 70.2 100.6 32.3 82.3 43.4Average Weekday FY 09 164,496 417,773 99,136 149,630 223,386 326,205 233,123 345,608 121,225 276,346 150,871Passenger Boardings FY 08 169,013 402,253 90,073 199,527 231,086 335,385 229,557 330,066 113,826 275,829 144,498FY 07 170,146 367,491 85,371 205,371 247,889 319,941 239,220 322,188 111,517 257,197 140,083Average Saturday FY 09 95,114 198,513 41,656 95,511 97,851 165,038 108,401 226,789 47,606 184,454 83,891Passenger Boardings FY 08 97,126 177,399 38,347 83,316 73,992 167,368 107,392 214,704 44,876 173,054 80,353FY 07 99,317 175,773 29,329 102,143 128,088 151,111 110,088 203,780 44,247 169,235 79,073Average Sunday FY 09 70,110 0 121,609 16,235 40,628 57,195 110,758 61,964 158,599 35,33533 144,956 64,954Passenger Boardings FY 08 60,553 100,294 21,100 42,498 82,445 114,518 60,492 149,782 33,872 135,267 65,961FY 07 61,962 107,171 16,612 43,133 75,219 99,093 62,714 137,964 28,367 140,561 63,322Vehicles in Maximum FY 09 335 1,248 374 585 1,039 1,414 1,156 902 343 628 625Service FY 08 494 1,234 371 614 1,006 1,512 1,160 889 359 605 626FY 07 487 1,219 355 657 926 1,486 1,358 851 360 610 617Farebox Recovery FY 09 20.9% 22.7% 22.9% 21.1% 9.7% 22.2% 25.1% 24.3% 21.9% 42.0% 10.9%FY 08 19.0% 23.7% 22.5% 19.1% 10.6% 20.7% 23.3% 22.8% 19.3% 39.3% 12.0%FY 07 23.6% 26.8% 22.4% 18.9% 11.7% 22.9% 22.5% 25.0% 19.9% 37.1% 13.2%Subsidy FY 09 $ 3.39 $ 3.47 $ 3.35 $ 4.12 $ 6.68 $ 3.52 $ 3.82 $ 2.68 $ 3.39 $ 1.33 $ 6.87per Passenger Boarding FY 08 3.60 3.45 3.51 3.56 6.10 3.42 3.89 2.68 3.88 1.35 6.34FY 07 2.57 3.12 3.65 3.09 4.14 2.82 4.06 2.31 3.51 1.43 5.78Source: National Transit Database9

Peer Performance - BusCHARACTERISTICS ANDPERFORMANCE MEASURESST. LOUISBALTIMOREBUFFALOCLEVELANDDALLASDENVERDENVERPITTSBURGHPITTSBURGHPORTLANDPORTLANDSACRAMENTOSACRAMENTOSAN DIEGOSAN JOSEFleet Size FY 09 248 905 343 490 663 1,073 866 657 244 512 555FY 08 393 865 334 556 728 1,113 859 643 271 528 555FY 07 393 957 334 620 740 1,071 878 641 269 547 548Fleet Age FY 09 8.7 7.3 8.8 5.9 9.3 6.9 6.8 11.4 4.4 7.0 8.2(average in years) FY 08 8.2 6.5 8.2 5.8 8.3 6.4 6.9 11.3 7.0 8.5 8.7FY 07 6.9 5.8 8.3 5.7 7.3 5.6 6.1 10.1 8.6 8.4 8.7Passenger Boardings FY 09 32.7 91.8 21.4 38.2 42.5 77.2 58.5 68.0 17.7 50.9 34.8(in millions) FY 08 33.3 86.6 20.4 45.3 44.8 78.5 57.7 64.1 17.5 49.0 33.4FY 07 31.5 80.2 18.2 49.2 53.3 74.0 60.3 63.4 17.5 46.6 32.1Bus Boardings as a Percent FY 09 61.9% 74.2% 75.5% 83.8% 66.4% 78.6% 85.3% 62.7% 52.5% 57.6% 74.6%of System Boardings FY 08 62.0% 73.6% 77.9% 79.9% 66.5% 77.6% 85.2% 61.5% 52.6% 56.2% 74.4%FY 07 58.3% 73.7% 75.4% 81.7% 72.0% 78.5% 85.9% 63.0% 54.1% 56.6% 74.0%Operating Expense FY 09 $ 121.8 $ 295.7 $ 94.4 $ 166.6 $ 231.7 $ 295.5 $ 259.9 $ 230.4 $ 79.5 $ 128.9 $ 197.5(in millions) FY 08 126.4 288.5 89.2 178.5 237.7 292.1 260.6 223.2 86.9 129.6 200.4FY 07 112.3 247.2 85.5 172.0 211.9 266.1 258.8 207.7 82.3 122.2 201.1Operating Expense per FY 09 $ 7.20 $ 11.97 $ 8.76 $ 9.78 $ 8.41 $ 7.73 $ 10.94 $ 10.16 $ 10.98 $ 7.15 $ 12.35Revenue Mile FY 08 7.22 11.86 9.12 9.56 8.56 7.57 11.14 9.91 11.69 6.92 12.39FY 07 6.61 10.32 9.32 8.51 7.66 6.89 9.53 9.22 10.77 6.48 12.48Operating Expense per FY 09 $ 0.96 $ 0.74 $ 1.14 $ 1.26 $ 1.34 $ 0.77 $ 1.00 $ 0.91 $ 1.35 $ 0.70 $ 1.28Passenger Mile FY 08 0.93 0.75 1.18 1.02 1.28 0.74 1.02 1.00 1.51 0.75 1.39FY 07 0.91 0.71 1.24 0.96 0.88 0.67 0.90 0.93 1.51 0.71 1.55Operating Expense per FY 09 $ 3.73 $ 3.22 $ 4.41 $ 4.36 $ 5.45 $ 3.83 $ 4.44 $ 3.39 $ 4.48 $ 2.53 $ 5.68Passenger Boarding FY 08 3.80 3.33 4.38 3.94 5.31 3.72 4.51 3.48 4.97 2.65 6.00FY 07 3.56 3.08 4.70 3.50 3.98 3.60 4.29 3.27 4.71 2.62 6.26Boardings per FY 09 1.9 3.7 2.0 2.2 1.5 2.0 2.5 3.0 2.5 2.8 2.2Revenue Mile FY 08 1.9 3.6 2.1 2.4 1.6 2.0 2.5 2.9 2.4 2.6 2.1FY 07 1.9 3.4 2.0 2.4 1.9 1.9 2.2 2.8 2.3 2.5 2.0Boardings per FY 09 26.2 48.2 26.6 26.6 21.0 28.2 33.5 36.2 27.2 31.2 27.0Revenue Hour FY 08 25.6 46.8 25.3 29.1 22.1 27.8 33.1 34.8 25.8 28.9 25.7FY 07 25.2 43.9 24.0 29.8 26.8 26.5 29.6 34.7 24.9 28.1 25.1Source: National Transit Database10

Peer Performance - Light RailCHARACTERISTICS ANDPERFORMANCE MEASURESST. LOUISBALTIMOREBUFFALOCLEVELANDDALLASDENVERPITTSBURGHPORTLANDSACRAMENTOSAN DIEGOSAN JOSEFleet Size FY 09 87 53 27 48 115 122 82 119 76 133 99FY 08 87 53 27 48 115 117 81 119 76 134 100FY 07 87 53 27 40 115 92 71 115 76 96 100Fleet Age FY 09 10.3 15.3 24.9 28.0 10.3 5.7 17.5 13.8 13.1 18.0 7.0(average in years) FY 08 9.3 14.3 23.9 27.0 9.3 5.0 16.4 12.8 12.1 17.0 6.7FY 07 8.3 13.3 22.9 26.0 8.8 5.3 14.5 11.6 11.1 16.0 5.7Passenger Boardings FY 09 19.4 8.8 6.8 2.4 19.0 19.8 7.3 39.3 17.3 36.9 10.8(in millions) FY 08 19.7 7.9 5.7 3.3 19.4 20.6 7.1 38.9 15.5 37.6 10.5FY 07 21.8 6.7 5.9 3.1 17.9 18.7 7.1 36.1 14.5 35.1 10.3Rail Boardings as a Percent FY 08 36.8% 7.1% 21.7% 5.2% 29.2% 20.1% 10.6% 37.4% 49.0% 43.2% 23.3%of System Boardings FY 07 36.7% 6.7% 21.8% 5.8% 28.8% 20.4% 10.5% 37.3% 46.5% 43.1% 23.4%FY 06 40.4% 6.2% 24.2% 5.2% 24.2% 19.9% 10.1% 35.9% 44.9% 42.6% 23.7%Operating Expense FY 09 $ 57.8 $ 33.2 $ 24.2 $ 13.5 $ 103.7 $ 51.0 $ 51.7 $ 96.8 $ 50.4 $ 58.5 $ 58.1(in millions) FY 08 56.0 37.5 23.4 13.7 89.2 41.7 44.3 84.1 51.8 55.9 55.5FY 07 51.4 39.7 23.3 12.9 79.8 40.5 42.7 73.7 47.4 56.0 55.9Operating Expense per FY 09 $ 8.52 $ 11.93 $ 28.11 $ 17.85 $ 20.71 $ 6.42 $ 27.50 $ 13.22 $ 11.97 $ 7.41 $ 17.50Vehicle Revenue Mile FY 08 8.34 13.42 28.98 17.12 16.99 4.43 24.00 12.24 12.15 6.99 16.56FY 07 8.30 14.21 29.47 15.97 15.28 4.64 22.57 11.22 11.49 7.05 16.66Operating Expense per FY 09 $ 0.37 $ 0.56 $ 1.36 $ 0.99 $ 0.78 $ 0.39 $ 1.74 $ 0.47 $ 0.54 $ 0.27 $ 0.99Passenger Mile FY 08 0.39 0.70 1.60 0.71 0.59 0.31 1.33 0.43 0.60 0.27 1.02FY 07 0.37 0.96 1.63 0.67 0.57 0.34 1.23 0.39 0.60 0.27 1.03Operating Expense per FY 09 $ 2.98 $ 3.75 $ 3.56 $ 5.71 $ 5.47 $ 2.58 $ 7.06 $ 2.46 $ 2.91 $ 1.59 $ 5.40Passenger Boarding FY 08 2.85 4.73 4.13 4.20 4.59 2.02 6.21 2.16 3.35 1.49 5.31FY 07 2.36 5.90 3.98 4.20 4.46 2.17 6.00 2.04 3.27 1.59 5.44Boardings per Vehicle FY 09 2.9 3.2 7.9 3.1 3.8 2.5 3.9 5.4 4.1 4.7 3.2Revenue Mile FY 08 2.9 2.8 7.0 4.1 3.7 2.2 3.9 5.7 3.6 4.7 3.1FY 07 3.5 2.4 7.4 3.8 3.4 2.1 3.8 5.5 3.5 4.4 3.1Boardings per Vehicle FY 09 70.6 63.5 86.0 46.7 80.7 47.9 52.8 80.1 81.2 90.2 53.6Revenue Hour FY 08 70.1 57.5 75.4 58.3 79.7 42.2 63.1 85.6 71.7 85.6 52.1FY 07 84.4 48.2 79.6 54.1 73.5 40.0 50.2 84.2 69.1 81.2 50.8Source: National Transit Database11

Peer Performance - Demand-ResponseCHARACTERISTICS ANDPERFORMANCE MEASURESST. LOUISBALTIMOREBUFFALOCLEVELANDDALLASDENVERPITTSBURGHPORTLANDSACRAMENTOSAN DIEGOSAN JOSEFleet Size FY 09 97 464 64 124 209 402 439 322 123 128 241FY 08 118 364 60 116 209 457 410 325 143 124 236FY 07 118 342 49 105 199 376 405 302 128 130 241Fleet Age FY 09 3.5 3.8 4.4 3.1 2.0 2.4 4.4 4.9 4.5 2.0 2.8(average in years) FY 08 4.6 3.4 5.0 2.7 1.0 2.6 5.1 5.5 5.2 4.1 1.8FY 07 3.7 3.0 6.1 4.4 0.1 2.7 4.7 6.6 5.2 3.3 0.8Passenger Boardings FY 09 0.67 1.45 0.13 0.54 1.04 1.22 1.70 1.09 0.30 0.50 1.07(in millions) FY 08 0.70 1.39 0.11 0.51 0.91 1.50 1.70 1.12 0.33 0.59 1.06FY 07 0.66 1.24 0.09 0.48 0.82 1.27 1.71 1.08 0.31 0.62 1.03Demand-Response FY 09 1.3% 1.2% 0.4% 1.2% 1.6% 1.2% 2.5% 1.0% 0.9% 0.6% 2.3%Boardings as a Percent FY 08 1.3% 1.2% 0.4% 0.9% 1.4% 1.5% 2.5% 1.1% 1.0% 0.7% 2.4%of System Boardings FY 07 1.2% 1.1% 0.4% 0.8% 1.1% 1.3% 2.4% 1.1% 1.0% 0.8% 2.4%Operating Expense FY 09 $ 18.88$ 60.00$ 56 5.6$ 24.8$ 39.0$ 37.1$ 33.9$ 35.0$ 13.6$ 12.11$33.0(in millions) FY 08 20.5 54.5 5.1 23.4 38.9 39.3 34.1 30.8 12.8 9.3 33.0FY 07 17.9 48.7 4.7 20.3 32.9 37.0 33.1 29.0 11.8 8.8 32.4Operating Expense per FY 09 $ 3.84 $ 5.11 $ 4.39 $ 6.24 $ 4.98 $ 3.87 $ 3.10 $ 4.37 $ 4.82 $ 3.58 $ 4.35Revenue Mile FY 08 4.18 4.81 4.90 7.62 4.80 4.15 3.09 3.92 4.11 2.83 4.89FY 07 3.56 4.64 4.91 6.15 4.44 4.13 2.98 3.57 4.20 2.74 5.14Operating Expense per FY 09 $ 2.89 $ 5.83 $ 4.51 $ 5.78 $ 2.72 $ 3.52 $ 2.71 $ 3.36 $ 5.08 $ 3.34 $ 3.33Passenger Mile FY 08 3.00 5.16 5.37 6.02 3.43 3.04 2.77 2.95 4.19 2.32 3.89FY 07 2.65 5.28 5.36 5.88 2.94 4.28 2.70 2.99 4.40 2.09 4.13Operating Expense per FY 09 $ 28.33 $ 41.38 $ 44.40 $ 45.81 $ 37.51 $ 30.34 $ 19.93 $ 32.13 $ 44.79 $ 23.97 $ 30.90Passenger Boarding FY 08 29.32 39.31 48.48 45.57 42.79 25.84 20.13 27.41 38.57 15.82 31.26FY 07 26.90 39.29 53.53 42.15 39.96 29.06 19.36 26.73 37.88 14.22 31.53Boardings per FY 09 0.14 0.12 0.10 0.14 0.13 0.13 0.16 0.14 0.11 0.15 0.14Revenue Mile FY 08 0.14 0.12 0.10 0.17 0.11 0.16 0.15 0.14 0.11 0.18 0.16FY 07 0.13 0.12 0.09 0.15 0.11 0.14 0.15 0.13 0.11 0.19 0.16Boardings per FY 09 2.06 1.54 1.58 2.06 2.28 1.77 2.41 2.01 1.79 2.54 2.39Revenue Hour FY 08 2.28 1.53 1.66 2.09 2.06 2.37 2.36 2.03 1.73 3.03 2.36FY 07 2.25 1.58 1.55 2.02 1.82 2.00 2.33 2.03 1.82 3.32 2.30Source: National Transit Database12

Average Weekday RidershipMetroBus MetroLink Call-A-RideSystemMonth FY 2011 FY 2010 Change FY 2011 FY 2010 Change FY 2011 FY 2010 Change FY 2011 FY 2010ChangeJuly 81,273 73,751 10.2% 49,474 55,131 -10.3% 2,046 1,774 15.3% 132,793 130,656 1.6%August 83,923 79,773 5.2% 49,911 52,805 -5.5% 2,018 1,900 6.2% 135,852 134,478 1.0%September 91,137 85,545 6.5% 55,840 56,057 -0.4% 1,971 1,965 0.3% 148,948 143,567 3.7%October 91,443 80,080 14.2% 53,544 49,707 7.7% 2,041 1,926 6.0% 147,028 131,713 11.6%November 86,483 82,436 4.9% 50,188 43,714 14.8% 1,965 1,920 2.3% 138,636 128,070 8.3%December 76,349 70,089 8.9% 45,057 43,941 2.5% 1,939 1,838 5.5% 123,345 115,868 6.5%January 76,858 71,923 6.9% 45,094 42,414 6.3% 1,876 1,834 2.3% 123,828 116,171 6.6%February 77,872 77,360 0.7% 46,420 45,389 2.3% 1,888 1,935 -2.4% 126,180 124,684 1.2%March 85,876 80,139 7.2% 50,158 46,839 7.1% 2,058 1,975 4.2% 138,092 128,953 7.1%April 89,502 82,576 8.4% 52,535 51,227 2.6% 2,047 1,955 4.7% 144,084 135,758 6.1%May 89,155 79,923 11.6% 52,778 49,840 5.9% 1,956 1,916 2.1% 143,889 131,679 9.3%June 89,276 79,826 11.8% 52,146 50,880 2.5% 2,051 2,007 2.2% 143,473 132,713 8.1%1st Qtr YTD 85,421 79,507 7.4% 51,713 54,679 -5.4% 2,012 1,876 7.2% 139,145 136,062 2.3%2nd Qtr YTD 85,092 78,453 8.5% 50,663 50,300 0.7% 1,997 1,885 5.9% 137,752 130,637 5.4%3rd Qtr YTD 83,525 77,861 7.3% 49,546 48,552 2.0% 1,980 1,896 4.4% 135,050 128,309 5.3%Full year 84,977 78,596 8.1% 50,282 49,083 2.4% 1,989 1,912 4.0% 137,249 129,591 5.9%13

Passenger BoardingsMetroBusMetroLinkCall-A-RideSystemMonth FY 2011 FY 2010 Change FY 2011 FY 2010 Change FY 2011 FY 2010 Change FY 2011 FY 2010 ChangeJuly 2,083,827 1,971,237 5.7% 1,450,678 1,552,628 -6.6% 47,931 44,694 7.2% 3,582,436 3,568,559 0.4%August 2,217,715 2,038,791 8.8% 1,375,613 1,449,748 -5.1% 48,991 45,063 8.7% 3,642,319 3,533,602 3.1%September 2,276,010 2,149,739 5.9% 1,514,771 1,501,812 0.9% 47,736 46,049 3.7% 3,838,517 3,697,600 3.8%October 2,394,767 2,143,070 11.7% 1,455,799 1,399,260 4.0% 48,156 47,240 1.9% 3,898,722 3,589,570 8.6%November 2,162,914 2,023,627 6.9% 1,280,581 1,232,453 3.9% 45,951 42,525 8.1% 3,489,446 3,298,605 5.8%December 1,934,079 1,877,351 3.0% 1,180,355 1,174,604 0.5% 45,018 44,477 1.2% 3,159,452 3,096,432 2.0%January 1,966,983 1,806,169 8.9% 1,174,617 1,090,392 7.7% 44,481 42,151 5.5% 3,186,081 2,938,712 8.4%February 1,904,656 1,887,066 0.9% 1,137,253 1,147,192 -0.9% 42,269 42,923 -1.5% 3,084,178 3,077,181 0.2%March 2,352,472 2,129,297 10.5% 1,429,699 1,286,073 11.2% 51,674 49,659 4.1% 3,833,845 3,465,029 10.6%April 2,279,859 2,130,657 7.0% 1,384,996 1,355,727 2.2% 48,443 47,163 2.7% 3,713,298 3,533,547 5.1%May 2,302,777 2,027,783 13.6% 1,391,626 1,270,247 9.6% 48,165 45,403 6.1% 3,742,568 3,343,433 11.9%June 2,339,080 2,071,339 12.9% 1,433,110 1,368,845 4.7% 49,604 48,259 2.8% 3,821,794 3,488,443 9.6%1st Qtr YTD 6,577,552 6,159,767 6.8% 4,341,062 4,504,188 -3.6% 144,658 135,806 6.5% 11,063,272 10,799,761 2.4%2nd Qtr YTD 13,069,312 12,203,815 7.1% 8,257,797 8,310,505 -0.6% 283,783 270,048 5.1% 21,610,892 20,784,368 4.0%3rd Qtr YTD 19,293,423 18,026,347 7.0% 11,999,366 11,834,162 1.4% 422,207 404,781 4.3% 31,714,996 30,265,290 4.8%Full year 26,215,139 24,256,126 8.1% 16,209,098 15,828,981 2.4% 568,419 545,606 4.2% 42,992,656 40,630,713 5.8%14

Passengers by JurisdictionMetroBusMetroLinkMissouri St. Clair Missouri St. ClairMonth FY 2011 FY 2010 Change FY 2011 FY 2010 Change FY 2011 FY 2010 Change FY 2011 FY 2010 ChangeJuly 1,868,824 1,771,964 5.5% 215,003 199,273 7.9% 1,168,130 1,261,347 -7.4% 282,548 291,281 -3.0%August 1,994,470 1,839,758 8.4% 223,245 199,033 12.2% 1,108,912 1,174,384 -5.6% 266,701 275,364 -3.1%September 2,032,377 1,935,801 5.0% 243,633 213,938 13.9% 1,219,923 1,208,982 0.9% 294,848 292,830 0.7%October 2,149,707 1,934,473 11.1% 245,060 208,597 17.5% 1,181,310 1,128,826 4.6% 274,489 270,434 1.5%November 1,959,142 1,832,178 6.9% 203,772 191,449 6.4% 1,041,075 999,045 4.2% 239,506 233,408 2.6%December 1,753,534 1,713,295 2.3% 180,545 164,056 10.1% 958,154 957,032 0.1% 222,201 217,572 2.1%January 1,771,854 1,621,162 9.3% 195,129 185,007 5.5% 954,540 873,394 9.3% 220,077 216,998 1.4%February 1,726,173 1,695,227 1.8% 178,483 191,839 -7.0% 923,470 916,479 0.8% 213,783 230,713 -7.3%March 2,126,884 1,918,624 10.9% 225,588 210,673 7.1% 1,162,376 1,038,619 11.9% 267,323 247,454 8.0%April 2,054,233 1,913,098 7.4% 225,626 217,559 3.7% 1,118,565 1,090,754 2.5% 266,431 264,973 0.6%May 2,072,058 1,811,120 14.4% 230,719 216,663 6.5% 1,122,660 1,019,299 10.1% 268,966 250,948 7.2%June 2,104,710 1,862,664 13.0% 234,370 208,675 12.3% 1,153,808 1,102,260 4.7% 279,302 266,585 4.8%1st Qtr YTD 5,895,671 5,547,523 6.3% 681,881 612,244 11.4% 3,496,965 3,644,713 -4.1% 844,097 859,475 -1.8%2nd Qtr YTD 11,758,054 11,027,469 6.6% 1,311,258 1,176,346 11.5% 6,677,504 6,729,616 -0.8% 1,580,293 1,580,889 0.0%3rd Qtr YTD 17,382,965 16,262,482 6.9% 1,910,458 1,763,865 8.3% 9,717,890 9,558,108 1.7% 2,281,476 2,276,054 0.2%Full year 23,613,966 21,849,364 8.1% 2,601,173 2,406,762 8.1% 13,112,923 12,770,421 2.7% 3,096,175 3,058,560 1.2%15

Passenger RevenueMetroBusMetroLink Call-A-Ride *SystemMonth FY 2011 FY 2010 Change FY 2011 FY 2010 Change FY 2011 FY 2010 Change FY 2011 FY 2010 Change1st Qtr $7,480,628 $7,083,906 5.6% $4,912,493 $5,158,916 -4.8% $218,729 $203,090 7.7% $12,611,850 $12,445,912 1.3%2nd Qtr 6,773,740 6,411,225 5.7% 4,064,397 4,036,480 0.7% 216,692 203,755 6.3% 11,054,829 10,651,460 3.8%3rd Qtr 6,821,781 6,384,618 6.8% 4,100,278 3,863,005 6.1% 220,443 204,039 8.0% 11,142,502 10,451,662 6.6%4th Qtr $6,899,464 $6,637,352 3.9% $4,174,244 $4,234,691 -1.4% $232,533 $210,053 10.7% $11,306,241 $11,082,096 2.0%1st Qtr YTD $7,480,628 $7,083,906 5.6% $4,912,493 $5,158,916 -4.8% $218,729 $203,090 7.7% $12,611,850 $12,445,912 1.3%2nd Qtr YTD 14,254,368 13,495,132 5.6% 8,976,890 9,195,396 -2.4% 435,421 406,845 7.0% 23,666,679 23,097,373 2.5%3rd Qtr YTD 21,076,149 19,879,749 6.0% 13,077,168 13,058,401 0.1% 655,864 610,884 7.4% 34,809,181 33,549,034 3.8%Full year $27,975,613 $26,517,101 5.5% $17,251,412 $17,293,092 -0.2% $888,397 $820,937 8.2% 46,115,422 $44,631,130 3.3%* Call-A-Ride passenger revenue does not include TMA revenue or Medicaid and Department of Mental Health contractual subsidies.16

Revenue MilesMetroBus* MetroLink* Call-A-Ride SystemMonth FY 2011 FY 2010 Change FY 2011 FY 2010 Change FY 2011 FY 2010 Change FY 2011 FY 2010 ChangeJuly 1,449,388 1,090,531 32.9% 274,864 246,863 11.3% 386,157 368,360 4.8% 2,110,409 1,705,754 23.7%August 1,466,967 1,345,248 9.0% 267,836 249,242 7.5% 396,655 374,791 5.8% 2,131,458 1,969,281 8.2%September 1,484,183 1,320,576 12.4% 258,696 238,654 8.4% 386,141 383,667 0.6% 2,129,020 1,942,897 9.6%October 1,522,349 1,380,472 10.3% 260,753 253,607 2.8% 392,154 397,872 -1.4% 2,175,256 2,031,951 7.1%November 1,480,441 1,293,875 14.4% 254,361 233,526 8.9% 371,699 368,194 1.0% 2,106,501 1,895,595 11.1%December 1,552,361 1,408,474 10.2% 269,353 243,994 10.4% 372,620 388,154 -4.0% 2,194,334 2,040,622 7.5%January 1,538,367 1,368,244 12.4% 256,629 237,225 8.2% 364,130 367,914 -1.0% 2,159,126 1,973,383 9.4%February 1,422,242 1,282,124 10.9% 238,536 228,053 4.6% 343,319 367,519 -6.6% 2,004,097 1,877,696 6.7%March 1,610,022 1,435,511 12.2% 271,904 251,360 8.2% 415,968 416,754 -0.2% 2,297,894 2,103,625 9.2%April 1,549,288 1,388,105 11.6% 261,818 243,108 7.7% 397,584 398,873 -0.3% 2,208,691 2,030,086 8.8%May 1,564,185 1,373,981 13.8% 267,851 244,361 9.6% 397,620 383,096 3.8% 2,229,656 2,001,438 11.4%June 1,559,135 1,395,134 11.8% 264,806 243,206 8.9% 402,669 401,709 0.2% 2,226,610 2,040,049 9.1%1st Qtr YTD 4,400,538 3,756,355 17.1% 801,396 734,759 9.1% 1,168,953 1,126,818 3.7% 6,370,887 5,617,932 13.4%2nd Qtr YTD 8,955,689 7,839,176 14.2% 1,585,863 1,465,886 8.2% 2,305,426 2,281,038 1.1% 12,846,978 11,586,100 10.9%3rd Qtr YTD 13,526,319 11,925,055 13.4% 2,352,931 2,182,524 7.8% 3,428,843 3,433,225 -0.1% 19,308,094 17,540,804 10.1%Full year 18,198,927 16,082,275 13.2% 3,147,407 2,913,199 8.0% 4,626,716 4,616,903 0.2% 25,973,050 23,612,377 10.0%* Scheduled17

Total MilesMetroBus* MetroLink* Call-A-Ride SystemMonth FY 2011 FY 2010 Change FY 2011 FY 2010 Change FY 2011 FY 2010 Change FY 2011 FY 2010 ChangeJuly 1,621,188 1,183,978 36.9% 276,974 248,869 11.3% 427,886 395,124 8.3% 2,326,048 1,827,971 27.2%August 1,642,540 1,507,495 9.0% 269,926 251,206 7.5% 438,834 401,654 9.3% 2,351,300 2,160,355 8.8%September 1,667,884 1,483,027 12.5% 260,718 240,536 8.4% 426,035 411,758 3.5% 2,354,636 2,135,321 10.3%October 1,706,369 1,546,310 10.4% 262,787 255,604 2.8% 432,261 426,559 1.3% 2,401,417 2,228,473 7.8%November 1,659,842 1,447,612 14.7% 256,343 235,351 8.9% 411,930 394,001 4.6% 2,328,115 2,076,964 12.1%December 1,741,283 1,577,048 10.4% 271,458 245,720 10.5% 413,928 415,763 -0.4% 2,426,669 2,238,531 8.4%January 1,725,808 1,528,870 12.9% 258,610 239,066 8.2% 406,516 394,458 3.1% 2,390,934 2,162,394 10.6%February 1,596,154 1,435,960 11.2% 240,392 229,840 4.6% 380,443 392,064 -3.0% 2,216,989 2,057,864 7.7%March 1,813,350 1,608,154 12.8% 273,977 253,345 8.1% 460,045 445,545 3.3% 2,547,373 2,307,044 10.4%April 1,745,923 1,556,393 12.2% 263,947 245,026 7.7% 439,784 426,557 3.1% 2,449,654 2,227,976 9.9%May 1,762,738 1,537,302 14.7% 269,980 246,264 9.6% 439,238 409,011 7.4% 2,471,956 2,192,577 12.7%June 1,757,383 1,561,911 12.5% 266,894 245,127 8.9% 445,185 428,397 3.9% 2,469,462 2,235,435 10.5%1st Qtr YTD 4,931,612 4,174,500 18.1% 807,617 740,611 9.0% 1,292,755 1,208,536 7.0% 7,031,985 6,123,647 14.8%2nd Qtr YTD 10,039,107 8,745,470 14.8% 1,598,206 1,477,286 8.2% 2,550,874 2,444,859 4.3% 14,188,186 12,667,615 12.0%3rd Qtr YTD 15,174,418 13,318,454 13.9% 2,371,185 2,199,537 7.8% 3,797,878 3,676,926 3.3% 21,343,481 19,194,917 11.2%Full year 20,440,462 17,974,060 13.7% 3,172,006 2,935,954 8.0% 5,122,085 4,940,891 3.7% 28,734,553 25,850,905 11.2%* Scheduled18

Revenue HoursMetroBus* MetroLink* Call-A-Ride SystemMonth FY 2011 FY 2010 Change FY 2011 FY 2010 Change FY 2011 FY 2010 Change FY 2011 FY 2010 ChangeJuly 105,854 83,104 27.4% 11,487 9,812 17.1% 24,962 23,581 5.9% 142,303 116,497 22.2%August 106,901 97,935 9.2% 11,167 9,999 11.7% 25,378 23,911 6.1% 143,446 131,845 8.8%September 109,331 96,329 13.5% 10,789 9,540 13.1% 24,600 24,130 1.9% 144,720 129,999 11.3%October 111,383 100,120 11.2% 10,845 10,197 6.4% 24,856 25,159 -1.2% 147,084 135,476 8.6%November 108,078 93,645 15.4% 10,587 9,321 13.6% 24,280 23,192 4.7% 142,945 126,158 13.3%December 112,997 101,647 11.2% 11,269 10,147 11.1% 24,869 24,702 0.7% 149,134 136,496 9.3%January 111,883 98,744 13.3% 10,657 9,449 12.8% 24,909 23,497 6.0% 147,449 131,690 12.0%February 103,431 92,821 11.4% 9,971 9,147 9.0% 23,044 23,043 0.0% 136,446 125,011 9.1%March 116,988 103,495 13.0% 11,423 10,076 13.4% 26,886 25,952 3.6% 155,297 139,523 11.3%April 113,026 100,339 12.6% 10,953 9,741 12.4% 25,447 24,950 2.0% 149,427 135,030 10.7%May 114,315 99,398 15.0% 11,198 9,783 14.5% 25,591 23,786 7.6% 151,104 132,967 13.6%June 114,091 101,108 12.8% 11,055 9,763 13.2% 25,551 24,717 3.4% 150,696 135,588 11.1%1st Qtr YTD 322,085 277,368 16.1% 33,444 29,351 13.9% 74,940 71,622 4.6% 430,470 378,341 13.8%2nd Qtr YTD 654,543 572,780 14.3% 66,145 59,016 12.1% 148,945 144,675 3.0% 869,633 776,471 12.0%3rd Qtr YTD 986,844 867,840 13.7% 98,197 87,688 12.0% 223,784 217,167 3.0% 1,308,825 1,172,695 11.6%Full year 1,328,276 1,168,685 13.7% 131,404 116,975 12.3% 300,373 290,620 3.4% 1,760,053 1,576,280 11.7%* Scheduled19

Total HoursMetroBus* MetroLink* Call-A-Ride SystemMonth FY 2011 FY 2010 Change FY 2011 FY 2010 Change FY 2011 FY 2010 Change FY 2011 FY 2010 ChangeJuly 113,039 87,209 29.6% 11,655 9,958 17.0% 27,007 25,887 4.3% 151,701 123,054 23.3%August 114,232 104,747 9.1% 11,334 10,142 11.8% 27,421 26,066 5.2% 152,987 140,955 8.5%September 116,769 103,098 13.3% 10,950 9,678 13.1% 26,578 26,347 0.9% 154,298 139,123 10.9%October 118,957 107,130 11.0% 11,007 10,343 6.4% 26,821 27,437 -2.2% 156,786 144,910 8.2%November 115,498 100,183 15.3% 10,745 9,454 13.7% 26,275 25,265 4.0% 152,518 134,902 13.1%December 120,950 108,778 11.2% 11,436 10,279 11.3% 27,024 27,004 0.1% 159,410 146,061 9.1%January 119,798 105,581 13.5% 10,815 9,584 12.8% 27,205 25,689 5.9% 157,818 140,854 12.0%February 110,752 99,322 11.5% 10,119 9,277 9.1% 25,124 24,867 1.0% 145,995 133,466 9.4%March 125,501 110,782 13.3% 11,593 10,222 13.4% 29,099 28,070 3.7% 166,193 149,074 11.5%April 121,242 107,377 12.9% 11,118 9,882 12.5% 27,549 26,979 2.1% 159,908 144,238 10.9%May 122,350 106,267 15.1% 11,366 9,922 14.5% 27,847 25,719 8.3% 161,562 141,908 13.9%June 122,273 108,165 13.0% 11,220 9,906 13.3% 27,624 26,683 3.5% 161,117 144,754 11.3%1st Qtr YTD 344,041 295,054 16.6% 33,939 29,778 14.0% 81,006 78,300 3.5% 458,986 403,132 13.9%2nd Qtr YTD 699,446 611,145 14.4% 67,127 59,854 12.2% 161,126 158,006 2.0% 927,699 829,005 11.9%3rd Qtr YTD 1,055,497 926,830 13.9% 99,653 88,937 12.0% 242,554 236,632 2.5% 1,397,705 1,252,399 11.6%Full year 1,421,361 1,248,639 13.8% 133,357 118,647 12.4% 325,574 316,013 3.0% 1,880,292 1,683,299 11.7%* Scheduled20

Operating Expense by ModeMetroBus MetroLink Call-A-Ride SystemFY 2011 FY 2010 Change FY 2011 FY 2010 Change FY 2011 FY 2010 Change FY 2011 FY 2010 Change1st Qtr $34,031,947 $30,654,152 11.0% $15,377,133 $14,524,642 5.9% $4,612,616 $4,852,326 -4.9% $54,021,696 $50,031,120 8.0%2nd Qtr 34,794,929 31,106,564 11.9% 14,411,142 14,029,405 2.7% 4,723,725 4,679,619 0.9% 53,929,796 49,815,588 8.3%3rd Qtr 34,288,036 33,032,754 3.8% 15,837,914 14,043,233 12.8% 4,684,016 5,048,164 -7.2% 54,809,966 52,124,151 5.2%4th Qtr $37,157,033 $33,573,636 10.7% $16,478,815 $14,209,819 16.0% $4,911,978 $4,900,435 0.2% $58,547,826 $52,683,890 11.1%1st Qtr YTD $34,031,947 $30,654,152 11.0% $15,377,133 $14,524,642 5.9% $4,612,616 $4,852,326 -4.9% $54,021,696 $50,031,120 8.0%2nd Qtr YTD 68,826,876 61,760,716 11.4% 29,788,275 28,554,047 4.3% 9,336,341 9,531,945 -2.1% 107,951,492 99,846,708 8.1%3rd Qtr YTD 103,114,912 94,793,470 8.8% 45,626,189 42,597,280 7.1% 14,020,357 14,580,109 -3.8% 162,761,458 151,970,859 7.1%Full year $140,271,945 $128,367,106 9.3% $62,105,004 $56,807,099 9.3% $18,932,335 $19,480,544 -2.8% $221,309,284 $204,654,749 8.1%21

Unscheduled AbsenteeismOperators Maintenance Facility Support TotalMonth FY 2011 FY 2010 Change FY 2011 FY 2010 Change FY 2011 FY 2010 Change FY 2011 FY 2010 ChangeJuly 3.5% 4.9% -28.0% 2.8% 2.8% 0.0% 2.0% 4.1% -52.4% 3.2% 4.5% -28.0%August 3.8% 3.8% -1.1% 1.9% 2.3% -19.1% 1.8% 1.9% -5.8% 3.3% 3.3% -1.2%September 4.1% 3.1% 31.0% 1.8% 2.2% -20.0% 1.3% 1.0% 29.0% 3.4% 2.7% 25.9%October 4.0% 3.1% 28.4% 2.3% 1.6% 41.3% 2.6% 0.6% 326.7% 3.6% 2.6% 36.9%November 3.0% 2.9% 4.8% 1.4% 2.8% -48.9% 1.7% 1.2% 40.5% 2.7% 2.7% -1.9%December 4.5% 2.1% 114.3% 3.2% 1.5% 110.0% 1.8% 1.2% 50.0% 4.0% 1.9% 112.1%January 4.2% 3.2% 32.2% 3.2% 1.6% 102.9% 2.3% 1.6% 40.7% 3.9% 2.7% 44.1%February 4.6% 4.5% 2.4% 2.3% 3.4% -32.6% 1.7% 1.3% 33.8% 3.9% 3.9% 1.0%March 4.3% 4.6% -5.9% 2.1% 2.3% -8.3% 2.3% 1.1% 106.4% 3.8% 3.9% -3.6%April 4.6% 3.8% 20.3% 1.3% 2.3% -43.0% 1.3% 0.9% 38.9% 3.7% 3.2% 15.9%May 4.2% 3.7% 14.1% 1.6% 2.7% -41.9% 1.0% 1.2% -19.2% 3.5% 3.3% 4.5%June 4.5% 3.6% 25.3% 1.9% 2.4% -20.0% 1.8% 1.1% 60.0% 3.8% 3.2% 18.4%1st Qtr YTD 3.8% 3.9% -3.1% 2.2% 2.5% -14.0% 1.7% 2.3% -27.0% 3.3% 3.5% -5.7%2nd Qtr YTD 3.8% 3.3% 16.1% 2.2% 2.2% 0.9% 1.9% 1.7% 9.5% 3.4% 2.9% 15.9%3rd Qtr YTD 4.0% 3.6% 11.7% 2.3% 2.3% 1.7% 2.0% 1.6% 21.9% 3.5% 3.1% 13.9%Full year 4.1% 3.6% 14.4% 2.2% 2.3% -6.5% 1.8% 1.4% 27.9% 3.6% 3.1% 14.8%22

Gateway ArchTram RidershipOperating IncomeMonth FY 2011 FY 2010 ChangeQuarter FY 2011 FY 2010 ChangeJuly 163,190 158,091 3.2% 1st Qtr YTD $1,135,865 $1,047,394 8.4%August 120,429 117,317 2.7% 2nd Qtr YTD 1,304,461 1,336,716 -2.4%September 63,423 66,632 -4.8% 3rd Qtr YTD 1,199,480 1,086,756 10.4%October 61,035 61,397 -0.6% Full Year $1,710,349 $1,627,006 5.1%November 48,497 48,454 0.1%December 30,992 28,475 8.8%January 22,347 21,279 5.0%Tram RidershipFebruary 21,966 24,368 -9.9% Quarter FY 2011 FY 2010ChangeMarch 49,519 48,299 2.5% 1st Qtr YTD 347,042 342,040 1.5%April 67,819 61,809 9.7% 2nd Qtr YTD 487,566 480,366 1.5%May 76,068 78,540 -3.1% 3rd Qtr YTD 581,398 574,312 1.2%June 116,781 125,635 -7.0% Full Year 842,066 840,296 0.2%23

Gateway Arch ParkingVehicle TransactionsOperating IncomeMonth FY 2011 FY 2010 ChangeQuarter FY 2011 FY 2010ChangeJuly 49,245 46,820 5.2% 1st Qtr YTD $402,321 $324,170 24.1%August 34,319 34,837 -1.5% 2nd Qtr YTD 461,358 376,849 22.4%September 26,044 24,216 7.5% 3rd Qtr YTD 475,373 412,618 15.2%October 21,935 18,447 18.9% Full Year $692,200 $670,477 3.2%November 14,079 14,749 -4.5%December 10,157 9,067 12.0%January 8,568 8,595 -0.3%Vehicle TransactionsFebruary 8,917 12,779 -30.2% Quarter FY 2011 FY 2010ChangeMarch 21,066 20,501 2.8% 1st Qtr YTD 109,608 105,873 3.5%April 19,787 21,307 -7.1% 2nd Qtr YTD 155,779 148,136 5.2%May 21,338 25,649 -16.8% 3rd Qtr YTD 194,330 190,011 2.3%June 36,134 35,291 2.4% Full Year 271,589 272,258 -0.2%24

Riverfront AttractionsRiverboat PassengersOperating Income (Loss)Month FY 2011 FY 2010 ChangeQuarter FY 2011 FY 2010 ChangeJuly 6,402 28,536 -77.6% 1st Qtr YTD $120,181 $531,198 -77.4%August 18,361 22,120 -17.0% 2nd Qtr YTD 89,620 315,011 -71.6%September 12,059 10,946 10.2% 3rd Qtr YTD (190,820) (72,219) -164.2%October 11,188 7,654 46.2% Full Year ($376,100) ($116,958) 221.6%November 2,468 2,509 -1.6%December 427 221 93.2%Riverboat CruisesJanuary 111 - NA Quarter FY 2011 FY 2010 ChangeFebruary - 180 NA 1st Qtr YTD 358 557 -35.7%March 4,593 3,414 34.5% 2nd Qtr YTD 506 695 -27.2%April 6,752 10,177 -33.7% 3rd Qtr YTD 554 731 -24.2%May 7,750 11,349 -31.7% Full Year 816 1,022 -20.2%June 6,119 8,781 -30.3%Riverboat Days of OperationMonth FY 2011 FY 2010 ChangeQuarter FY 2011 FY 2010 Change1st Qtr YTD 36,822 61,602 -40.2% 1st Qtr YTD 69 92 -25.0%2nd Qtr YTD 50,905 71,986 -29.3% 2nd Qtr YTD 132 148 -10.8%3rd Qtr YTD 55,609 75,580 -26.4% 3rd Qtr YTD 164 173 -5.2%Full Year 76,230 105,887 -28.0% Full Year 224 234 -4.3%25

St. Louis Downtown AirportFuel Sales in GallonsOperating Income (Loss)Month FY 2011 FY 2010 ChangeQuarter FY 2011 FY 2010 ChangeJuly 174,336 237,356 -26.6% 1st Qtr YTD $35,864 ($27,422) 230.8%August 161,182 194,666 -17.2% 2nd Qtr YTD 126,577 74,216 70.6%September 148,816 170,852 -12.9% 3rd Qtr YTD 105,895 70,072 51.1%October 183,305 195,624 -6.3% Full year $58,374 $120,845 51.7%November 161,331 161,293 0.0%December 148,815 154,189 -3.5%Aircraft MovementsJanuary 126,843 149,440 -15.1% Quarter FY 2011 FY 2010 ChangeFebruary 122,845 138,025 -11.0% 1st Qtr YTD 28,993 32,915 -11.9%March 123,178 121,680 1.2% 2nd Qtr YTD 52,534 57,886 -9.2%April 158,946 184,277 -13.7% 3rd Qtr YTD 70,097 83,371 -15.9%May 91,745 163,583 -43.9% Full Year 93,443 116,267 -19.6%June 128,428 158,753 -19.1%Based Aircraft AverageMonth FY 2011 FY 2010 ChangeQuarter FY 2011 FY 2010 Change1st Qtr YTD 484,334 602,874 -19.7% 1st Qtr YTD 280 310 -9.7%2nd Qtr YTD 977,785 1,113,980 -12.2% 2nd Qtr YTD 279 306 -8.8%3rd Qtr YTD 1,350,651 1,523,125 -11.3% 3rd Qtr YTD 294 303 -3.0%Full Year 1,729,770 2,029,738 -14.8% Full Year 305 297 2.7%26

Agency Operating Income (Loss)Quarter FY 2011 FY 2010Change1st Qtr $349,235 $284,537 22.7%2nd Qtr (80,867) (24,292) -232.9%3rd Qtr (40,698) 26,913 -251.2%4th Qtr ($265,899) $261,540 -201.7%Quarter FY 2011 FY 2010Change1st Qtr YTD $349,235 $284,537 22.7%2nd Qtr YTD 268,368 260,245 3.1%3rd Qtr YTD 227,670 287,158 -20.7%Full Year ($38,229) $548,698 -107.0%27

DefinitionsTransitCustomer complaintPassenger or general public dissatisfaction expressed to Customer Service by phone call, letter or email for which there is no immediate,satisfactory explanation; includes operator behavior, service, equipment maintenance or suitability, or other concerns. Effective January1, 2002, complaints expressed to Call-A-Ride personnel have been counted. System customer complaints have been restated to includecomplaints not specifically related to an operating facility.Customer satisfactionExpressed on a scale of 0 - 5, based on customer surveys. Customer satisfaction for the system is a weighted average of MetroBus andMetroLink results weighted by the number of boardings.ExpenseExcludes depreciation, amortization, debt expense and the 2% sheltered workshop pass-through. Allocations by mode are based on amanagement-developed model. (See also "Operating Expense.")FailureCall A Ride: Revenue service interruption whereby a vehicle is unable to complete the assigned run and must be removed fromservice because of a mechanical, wheelchair lift, or other equipment failure. Road hazard tire failures, vandalism, accidents, andother failures not related to maintenance of vehicles are not reported.MetroLink: Revenue service interruption whereby a train is delayed by five minutes or more or removed from service formechanical reasons.Farebox recoveryPassenger revenue as a percent of operating expense.Fleet sizeNumber of revenue vehicles at the end of the reporting period.On-time performanceMetroBus and MetroLink: A trip is considered "on-time" if the vehicle departs within the time frame of 59 seconds before schedule orarrives within 4:59 minutes after schedule.** In fiscal year 2011, Metro upgraded the data collection and interpretation of its on‐time performance with increased deployment of anautomatic vehicle location system (AVL) and associated software analysis tools. Due to these changes, trend analysis is not possible.Call-A-Ride: Appointments are made giving the passenger an estimated arrival time. A trip is considered on-time if arrival for theappointment is within 20 minutes before or after the appointment time.28

TransitOperating expenseExpense less leases and rentals, which is a National Transit Database definition. Allocations by mode are based on National TransitDatabase instructions which are different than the management-developed cost allocation model. (See also "Expense.")Passenger boardingsIncludes original revenue vehicle boardings and all transfers based on bus farebox counts, MetroLink ridership modeling using AutomaticPassenger Counter (APC) technology, and actual Call-A-Ride passengers.Passenger injuryPhysical harm or alleged physical harm to a passenger or bystander involved in an Agency accident. One vehicle accident may result inmultiple injuries.PeerCity which management considers to be comparable to St. Louis. Certain cities report more than one agency in which case the agencyresults have been combined.Revenue hoursTime that MetroBus/Call-A-Ride vehicles or MetroLink trains operate in passenger service including special service. Beginning in January2005, revenue hours include layover/recovery time.Revenue milesDistance that MetroBus/Call-A-Ride vehicles or MetroLink trains operate in passenger service including special service.Revenue recoveryPassenger revenue, Transit Management Association revenue, and paratransit contractual revenue as a percent of expense.RidershipTotal passenger boardings.29

TransitRoadcallMetroBus revenue service interruption whereby the vehicle is delayed because of mechanical, tire, farebox, wheelchair life or otherequipment failure. A delay is not counted as a roadcall unless the delay is five minutes or more.Security incidentsPrimarily disorderly conduct, fare evasion, trespassing, drunkenness and other arrests at Agency locations. Also includes reported violentcrime and property crime even if there was no arrest.SubsidySubsidy as reported on "System Profile" - Expense less operating revenue except federal, state and local assistance.Subsidy as reported on "Peer Performance - System" - Operating expense less passenger revenue.Total hoursRevenue hours plus deadhead hours (e.g., from the facility to the start of a revenue trip).Total milesRevenue miles plus deadhead miles (e.g., from the facility to the start of a revenue trip).Unscheduled absenteeismOperator, mechanic and facility support sick time and unauthorized leave as a percent of current staffing, excluding overtime.Vehicle accidentIncident in which an Agency vehicle makes physical contact with another vehicle, a fixed object or a person. It also includes derailmentsor leaving the road.Vehicle milesFor MetroBus and Call-A-Ride, total miles and vehicle miles are the same. For MetroLink, total mileage for each car of a two-car train isincluded.30

Non-TransitAircraft movementTakeoff or landing recorded by the tower. Movements when the tower is closed are not included.Airport fuel salesNumber of gallons of aviation fuel delivered to the fixed base operators.Arch tram ridershipNumber of adult and child tickets sold.Based aircraftAverage number of aircraft stored in owned or leased hangers or outside ramps. Quarterly, the amount represents the average of themonth-end counts.Parking Facility vehicle transactionsNumber of vehicles exiting the facility excluding monthly parkers.Riverfront AttractionsIncludes the Gateway Arch Riverboats and bike rentals, operated by Metro, and a heliport owned by Metro but operated under contract byanother party.31

To:Board of CommissionersFrom: Larry B. JacksonV.P. Procurement, Inventory Management &Supplier DiversityDate: August 9, 2011Subject: Quarterly Procurement Activity ReportFourth Quarter FY 2011_____________________________________________________________Metro Board Policy Chapter 50 Section 010 Paragraph N.3 requires that we providequarterly reports to the Board relating to procurement activities, which exceed$100,000, including contract modifications and award of options. The report formatthat has been used the past several years includes the key sections that are explainedbelow.Section 1 – Procurement Contract AwardsThis report lists all major (>$100,000) contract awards during thereporting period and the relevant contract information for each.Section 2 – Contract ModificationsThis report lists all contract modification actions executed during theperiod where the total revised contract amount exceeds $100,000.Contract modifications include changes to contract scope, exercise ofoptions and extensions, or other actions effecting the contract term.Section 3 – Davis Bacon Act ProjectsThe Davis Bacon Act requires that all construction contracts financed withFederal assistance contain provisions requiring that all laborers andmechanics employed by the contractors or subcontractors to work on theproject must be paid wages not less than those established for the area bythe Secretary of Labor. The contractors listed in this section submitweekly “certified payrolls” to Metro, which we monitor in accordancewith the regulatory requirements.

Section 4 – Procurement Card AdministrationMetro’s Procurement Department administers a Procurement CardProgram, which provides a means for cardholders to procure low-dollargoods and services independently. This program reduces theadministrative burden of processing Purchase Orders and Check Requestsfor small dollar purchases (typically less than $2500). The report includedin this section details the overall volume of transactions and informationrelated to procedural violations and administrative actions on thoseviolations.I plan to continue to improve on the format and value of the information containedin this report in future issues. Please feel free to contact me with any suggestions,questions, or information requests that you may have.

CONTRACT AWARDS EXCEEDING $100,000JULY 1, 2010 THROUGH JUNE 30, 2011Number Rev Description Type Order Date Supplier Amount Buyer35169 0Solicitation # 11-RFP-5737-DGR, Elevator andEscalator Maintenance and Repair Contract. Thisis for the first year of a three year contract withTKE.ContractPurchaseAgreement06/30/11THYSSENKRUPP ELEVATORCORPClosureStatusDBE Goal$ 2,092,660 Ramsay, David George Open 0.0%35110 0 Trapeze ITS System ReconfigurationStandardPurchaseOrder06/28/11 TRAPEZE ITS USA LLC $ 1,027,895 Epps, Clabon W Jr Open 0.0%35084 0Above All Personnel - MetroLink Manual TicketSales/Revenue Services - 11-SB-5765-SG, BaseYears June 7, 2011 to June 6, 2013 with OptionYear June 7, 2013 to June 6, 2014.StandardPurchaseOrder06/24/11 ABOVE ALL PERSONNEL $ 464,094 Griffin, Sandra P Open 14.0%35025 011-SB-5726-MM MP 26.48 Soil Nail Wall Removal -Period of Performance June 24, 2011 - August 31,2011StandardPurchaseOrder06/21/11HANK'S EXCAVATING ANDLANDSCAPING$ 680,441Wright, Diane Open 15.0%34939 011-SB-5755-MM MetroBikeLink Memorial Section -Period of Performance 6/20/11 - 5/15/12StandardPurchaseOrder06/15/11 ILLINOIS EXCAVATORS, INC $ 3,331,072Wright, Diane Open 25.0%35194 011-SB-5689-MM Drainage ImprovementsWashington Park ML Station - Period ofPerformance July 6, 2011 - December 1, 2011StandardPurchaseOrder06/14/11HANK'S EXCAVATING ANDLANDSCAPING$ 464,100Wright, Diane Open 24.0%34896 0RFQ 16201.1 Replacement of Nine Non-RevenueVehicles with Radio and AntennaeStandardPurchaseOrder06/13/11 REUTHER FORD INC $ 226,422Hill, Diana L Open 0.0%34671 011-SB-5733-DP Metro's Towing & WreckerServices 6-17-2011 - 6-16-2012ContractPurchaseAgreement05/27/11MIKE'S TOWING ANDAUTOMOTIVE$ 210,000 Perrica, Dorothy M Open 0.0%35288 011-RFQ-5694-CB GEC Discipline #5 Period of Perf6/1/2011 thru 5/31/2014ContractPurchaseAgreement05/24/11STANTEC CONSULTINGSERVICES INC$ 300,000 Bonds, Charcita M Open 0.0%34547 0Grand Scott Avenue Transit Plaza, 11-SB-5679-DGR, DBE Goal 33.9%, Start date 6/2/2011, enddate 08/2/2012.StandardPurchaseOrder05/20/11 BEN HUR CONSTRUCTION CO $ 4,921,096 Ramsay, David George Open 20.1%W:\Purchasing\Quarterly Reports\FY11 Contract Awards.xlsx 1 of 5

CONTRACT AWARDS EXCEEDING $100,000JULY 1, 2010 THROUGH JUNE 30, 2011Number Rev Description Type Order Date Supplier Amount BuyerClosureStatusDBE Goal34407 0 Spring Suspensions for MetroLinkStandardPurchaseOrder05/13/11 KNORR BRAKE CORP $ 103,728 Baldwin, Deborah A Open 0.0%35289 011-RFQ-5694-CB, GEC Discipline #4 Signal System-Period of Perf 5/16/2011 thru 5/15/2014ContractPurchaseAgreement05/05/11 ISIS CONSULTANTS LLC $ 300,000 Bonds, Charcita M Open 0.0%34324 010-RFP-5462-DR - On-Call IT Consulting Services -Task Order No. 4 - HCMS ERP Developer III -Candidate: Jamie Williams - Hourly Rate: $102.00 -Period of Performance: May 16, 2011 - May 15,2011StandardPurchaseOrder05/05/11 CDI CORPORATION $ 110,160 Rowey, Deborah M Open 0.0%35282 011-SB-5751-CB, Roadbed Spraying Services -Performance Period 5/19/11 - 5/18/14ContractPurchaseAgreement05/04/11ASPLUNDH TREE EXPERT CORAIL DIVISION$ 209,134 Bonds, Charcita M Open 0.0%33990 011-RFP-5708-DGR, Bus & Rail Facility HardeningPhase 2, DBE Goal - 22.7%, Start Date is 6/282011,End Date is 10/18/2011.StandardPurchaseOrder04/11/11 KOZENY WAGNER INC $ 335,000 Ramsay, David George Open 19.0%33983 011-SB-5732-DW Agreement Between Metro andMotorola Solutions Professionals ServicesAgreement. Period of Performance April 11, 2011 -October 11, 2011StandardPurchaseOrder04/08/11 MOTOROLA SOLUTIONS, INC $ 376,800Wright, Diane Open 12.0%33951 011-RFP-5749-DGR, JNEM Building ConditionAssessment, DBE Goal of 19.5%, Start Date is4/11/11 and end date is 5/11/11StandardPurchaseOrder04/07/11BAHR VERMEER & HAECKER,ARCHITECTS, LTD$ 240,344 Ramsay, David George Open 16.0%33871 011-RFP-5703-DR - Temporary Help Services - BaseYear 1 - April 18, 2011 - April 17, 2012 - OptionYear 2 - April 18, 2012 - April 17, 2013 - OptionYear 3 - April 18, 2013 - April 17, 2014BlanketPurchaseAgreement04/01/11ROTH STAFFING COMPANIES LP dba ULTIMATE STAFFINGSERVICES$ 1,374,711 Rowey, Deborah M Open 14.0%33863 011-RFP-5703-DR - Temporary Help Services - BaseYear 1 - April 18, 2011 - April 17, 2012 - OptionYear 2 - April 18, 2012 - April 17, 2013 - OptionYear 3 - April 18, 2013 - April 17, 2014BlanketPurchaseAgreement04/01/11 ABOVE ALL PERSONNEL $ 1,359,726 Rowey, Deborah M Open 14.0%W:\Purchasing\Quarterly Reports\FY11 Contract Awards.xlsx 2 of 5

CONTRACT AWARDS EXCEEDING $100,000JULY 1, 2010 THROUGH JUNE 30, 2011Number Rev Description Type Order Date Supplier Amount BuyerClosureStatusDBE Goal33848 111-SB-5747-DGR, JNEM Visitor CenterImprovements, starting April 4, 2011 through July4, 2011.StandardPurchaseOrder03/30/11GUNDAKER COMMERCIALCONSTRUCTION$ 694,889 Ramsay, David George Open 39.0%33840 0Healthcare Audit Follow Up for the On CallContract Healthcare TPA & PBM AuditStandardPurchaseOrder03/29/11 BROWN SMITH WALLACE LLC $ 338,260 Rowey, Deborah M Open 0.0%33536 010-SB-5659-CB, Replacement of RTU - Main Shop -3/11/11 thru 8/31/11StandardPurchaseOrder03/11/11ST LOUIS AIR - MECHANICALCONTRACTORS$ 138,622 Bonds, Charcita M Open 0.0%33512 033450 0Bucket truck with rail gear for R.O.W. SourcingRFQ 15593.10-SB-5619-MM East Riverfront Interlocking,February 4, 2011 to July 7, 2011StandardPurchaseOrderStandardPurchaseOrder03/09/11 ALTEC INDUSTRIES $ 218,110Hill, Diana L Open 0.0%03/04/11 ST LOUIS BRIDGE CO $ 7,766,231 Mcfoulon, Marrisha Katherine Open 15.0%33409 011-RFP-5710-DGR, Grand ML Station TemporaryPlatform, DBE 12.85%, Start Date is 3/9/2011, EndDate is 9/9/2011.StandardPurchaseOrder03/02/11GERSHENSON CONSTRUCTIONCO INC$ 256,659 Ramsay, David George Open 12.9%33362 011-RFP-5690-CB, Track Maintenance Service -3/1/11 thru 2/29/12StandardPurchaseOrder02/28/11 IRONHORSE INC $ 489,943 Bonds, Charcita M Open 0.0%33256 0Ratification: Right Choice, benefit administrator,run out fees for claims processed (Sept. 1, 2010thru Jan. 31, 2011).StandardPurchaseOrder02/18/11RIGHT CHOICE BENEFITADMINISTRATORS$ 172,290 Rowey, Deborah M Closed 0.0%33010 011-RFP-5697-CB, Eads Bridge Rehab & UMSLInterlocking Constr. Mgmt Oversight Serv. - Periodof Perf. 2/4/2011 thru 12/31/2013StandardPurchaseOrder02/03/11 MODJESKI & MASTERS, INC $ 280,714 Bonds, Charcita M Open 10.9%32870 011-RFQ-5738-DR - Oracle Annual MaintenanceServices - E-Business Suite - Period ofPerformance: Feb. 2, 2011 - Feb. 2, 2012StandardPurchaseOrder01/24/11 ORACLE AMERICA INC $ 188,708 Rowey, Deborah M Closed 0.0%32585 0Standing Partnership (advertising) for GatewayArch Riverfront/RiverboatsStandardPurchaseOrder01/04/11 STANDING PARTNERSHIP INC $ 650,000Sills, Steven C Open 0.0%W:\Purchasing\Quarterly Reports\FY11 Contract Awards.xlsx 3 of 5

CONTRACT AWARDS EXCEEDING $100,000JULY 1, 2010 THROUGH JUNE 30, 2011Number Rev Description Type Order Date Supplier Amount BuyerClosureStatusDBE Goal32560 011-RFP-5702-DR - Stop Loss Insurance Services-Period of Performance: January 1, 2011 -December 31, 2011ContractPurchaseAgreement12/30/10CONNECTICUT GENERAL LIFEINSURANCE COMPANY$ 300,601 Rowey, Deborah M Open 0.0%32538 0Riverboat Foods from Sysco Foods, RFQ 5725,Period of Peformance: January 1, 2011 -December 31, 2011StandardPurchaseOrder12/29/10 SYSCO ST LOUIS LLC $ 128,000Sills, Steven C Open 0.0%32533 0Riverboat Foods from U.S. Foodservice, RFQ 5725,Period of Peformance: January 1, 2011 -December 31, 2011StandardPurchaseOrder12/29/10 US FOODSERVICE INC $ 359,400Sills, Steven C Open 0.0%32455 011-SB-5699-DP, #2 and B5 BioDiesel. Period ofPerformance: January 1, 2011 thru December 31,2012.ContractPurchaseAgreement12/22/10 MANSFIELD OIL COMPANY $ 30,000,000 Perrica, Dorothy M Open 0.0%32309 0Replacement Dump trucks for Units 1001, 1002,1004 with Radios and Antennas, Sourcing RFQ15492.1StandardPurchaseOrder12/09/10 BROADWAY FORD $ 189,423Hill, Diana L Open 0.0%31860 0Replacement Non-Revenue vehicles, Ford F250swith Radios and Antennas, Sourcing RFQ 15345StandardPurchaseOrder11/05/10 DAVE SINCLAIR FORD INC $ 109,792Hill, Diana L Open 0.0%31859 0Replacement Non-Revenue vehicles, Ford Escapeswith Radios and Antennas, Sourcing RFQ 15343.1StandardPurchaseOrder11/05/10 DAVE SINCLAIR FORD INC $ 115,120Hill, Diana L Open 0.0%31751 1 Snow Melt Supplies, 11-RFQ-5711-DP31657 0Metropolitan Council St. Paul Contract No.07P162. Contract Assignment of Twenty Three(23) 40 Ft. Low Floor Diesel Buses.StandardPurchaseOrderStandardPurchaseOrder11/01/10 INDUSTRIAL SOAP CO $ 128,707 Perrica, Dorothy M Open 0.0%10/25/10 GILLIG LLC $ 8,639,582 Epps, Clabon W Jr Open N/A31619 0Add forward looking camera 35 illinois Buses.Upgrade To Safety Vision Model 6000 Pro. 127Buses. One Spare Hard Drive. Upgrade to SafetyVision Model 6000 Pro 29 Buses.StandardPurchaseOrder10/22/10 SAFETY VISION L P $ 517,135 Epps, Clabon W Jr Closed 0.0%31479 0Rail Profile Grinding Program Consultant, 10-RFP-5611-MM, October 17, 2010 to February 28, 2010.StandardPurchaseOrder10/07/10ADVANCED RAILMANAGEMENT CORPORATION$ 208,000 Mcfoulon, Marrisha Katherine Open 0.0%W:\Purchasing\Quarterly Reports\FY11 Contract Awards.xlsx 4 of 5

CONTRACT AWARDS EXCEEDING $100,000JULY 1, 2010 THROUGH JUNE 30, 2011Number Rev Description Type Order Date Supplier Amount BuyerClosureStatusDBE Goal31358 0Automatic Transmission Fluid, Period ofPerformance: October 1, 2010 - April 1, 2011 10-SB-5644-DPStandardPurchaseOrder10/01/10 MORGAN DISTRIBUTING INC $ 158,600 Perrica, Dorothy M Open 0.0%31355 011-SB-5687-MM ERI Special Track Work Materials- 120 Days DeliveryStandardPurchaseOrder10/01/10 PROGRESS RAIL SERVICES $ 607,710Wright, Diane Open 0.0%31298 0Solicitation # 11-SB-5678-DGR, MO ML StationPlatform Heaters Installation Phase 2, 20% DBEgoal, Starting 9/30/2010, Ending 1/29/2011.StandardPurchaseOrder09/24/10 STREIB ELECTRIC COMPANY $ 182,141 Ramsay, David George Open 20.0%31106 010-RFP-5623-DR - Medical TPA Services - Period ofPerformance: September 1, 2010 - December 31,2013StandardPurchaseOrder09/09/10CONNECTICUT GENERAL LIFEINSURANCE COMPANY$ 5,000,000 Rowey, Deborah M Open 0.0%31024 010-RFP-5663-DGR Eads Bridge Conductor RailDesign and Construction Support. Starting 9/9/10thru 9/2013.StandardPurchaseOrder09/02/10 STANTEC CONSULTING INC $ 378,418 Ramsay, David George Open 11.8%30928 0Union Station Tunnel Repair FY10 10-SB-5646-MM, August 24, 2010, December 15, 2010StandardPurchaseOrder08/23/10 KOZENY WAGNER INC $ 145,913 Mcfoulon, Marrisha Katherine Open 15.0%30550 0World Wide Technology, Inc Storage AreaNetwork Upgrade - 10-RFP-5668-SG, Completionof Implementation NLT September 30, 2010.StandardPurchaseOrder07/28/10WORLD WIDE TECHNOLOGYINC$ 293,904 Griffin, Sandra P Open 0.0%30515 010-SB-5658-CB, Tree Maintentance Services,Period of Performance: July 20, 2010 - July 19,2013StandardPurchaseOrder07/26/10 HAPPY TREE SERVICE $ 1,228,500 Bonds, Charcita M Open 0.0%W:\Purchasing\Quarterly Reports\FY11 Contract Awards.xlsx 5 of 5

Task OrderContract ModificationsFiscal Year 2011Contract #Mod # Description Reason for Mod Contractor DBE %Original ContractAmount Mod Date Mod AmountRevisedContract AmountFunding Source# DaysExtended# ofExtensions toDate11-SB-5747-DGR 1JNEM Visitor CenterImprovementsAdministrative Changes Gundaker Construction Co. 12.00% $ 694,889 06/23/11 $ - $ 694,889JNEM CapitalImprovementFund0 009-RFP-5503-DGR 2Scott Avenue Transit PlazaDesignAdditional Work Horner & Shifrin, Inc. 16.00% $ 430,658 06/20/11 $ 35,834 $ 495,702MO-90-X231Prop M0 010-SB-5619-MM 1 East Riverfront InterlockingChange in Scope and TimeExtensionSt. Louis Bridge Company 16.00% $ 7,766,231 06/15/11 $ (569,963) $ 7,196,268MO-05-0028MO-90-X231MO-90-X204CAP-01-744-FEDSCCTD60 110-RFP-5591-DGR 5East Riverfront InterlockingDesign ServicesAdditional Work STV, Inc 16.00% $ 1,113,875 06/15/11 $ 35,282 $ 1,427,151 MO-03-0098 0 010-RFP-5564-DH 2Automatic Fare Collection andSmart Card SystemAdditional Work Indra, USA 0.00% $ 6,625,896 06/10/11 $ 1,082,081 $ 8,196,806MO-04-0113MO-05-0028Prop MSCCTD0 010-SB-5583-DGR 5North Hanley and Rock RoadParking and Bus LoopReconstructionAdditional Work Byrne & Jones Construction 22.00% $ 1,495,045 06/10/11 $ 26,342 $ 1,820,125ARRAMO-96-X005Prop MOperations0 010-RFP-5563-DGR 5Metro Link UMSL SouthInterlocking Design ServicesAdditional Work and TimeExtensionStantec Consulting, Inc. 16.00% $ 763,745 05/26/11 $ 152,013 $ 1,141,254MO-05-0028Prop M270 110-SB-5659-CB 1Replacement of Main ShopRooftop Heating UnitsTime Extension St. Louis Air Mechanical 0.00% $ 138,622 05/25/11 $ - $ 138,622MO-90-X190STCFSCCTD45 109-RFP-5402-DGR 5Design-Build VandeventerBridge ReplacementAdditional Work Millstone Bangert, Inc 18.00% $ 4,123,000 05/18/11 $ 42,544 $ 4,924,022MO-04-0113Prop M270 308-SB-5318-CB 1 Ultrasonic Rail Testing Exercise Option Year 1 Sperry Rail Inc 0.00% $ 119,845 05/12/11 $ 41,557 $ 161,402 Operations 0 009-SB-5492-DP 1 DeBaliviere Facility Cleaning Exercise Option Year 1 Innex Service Company 14.00% $ 728,725 05/04/11 $ 364,363 $ 1,093,088 Operations 0 011-RFP-5611-MM 1Track Engineering ConsultingServicesTime Extension Advanced Rail Management 0.00% $ 208,000 05/04/11 $ - $ 208,000MO-03-0098Prop M90 111-RFQ-5694-CB 1General "On Call"Architectural/EngineeringServicesAdministrative Changes Jacobs Engineering 0.00% $ 300,000 05/02/11 $ - $ 300,000 TBD 0 08/9/2011 8/9/2011 1 of 8

Task OrderContract ModificationsFiscal Year 2011Contract #Mod # Description Reason for Mod Contractor DBE %Original ContractAmount Mod Date Mod AmountRevisedContract AmountFunding Source# DaysExtended# ofExtensions toDate08-RFP-5201-SG 8Security and FareEnforcement ServicesExercise Option Year 1Securitas Security ServicesUSA, Inc.14.00% $ 3,169,412 05/02/11 $ 2,597,274 $ 13,995,064 Operations 0 010-RFP-5615-DH 1 AC Traction Motor Rebuilds Changing Performance Dates Sherwood Electromotion 0.00% $ 299,200 04/26/11 $ - $ 299,200 Operations 0 008-RFP-5300-SCP/DP 4Vendor Managed Hoses andFittingsExercising Option Year 2 Superior Industrial Supply 0.00% $ 60,973 04/26/11 $ 55,399 $ 221,280 Operations 0 007-SB-5169-DP 3 Illinois Bus Cleaning Exercising Option Year 3 MERS/Goodwill 15.00% $ 171,639 04/20/11 $ 85,819 $ 429,096 Operations 0 011-SB-5678-DGR 2Missouri ML Station PlatformHeaters Installation Phase 2Additional Work and TimeExtensionStreib Electric 20.00% $ 182,141 04/19/11 $ 54,217 $ 241,517MO-90-X197Prop M120 208-RFP-5352-SH 5Design Services - AutomatedFare Collection SystemAdditional Work Booz Allen Hamilton 10.00% $ 952,803 04/18/11 $ 180,042 $ 1,741,057MO-04-0113Prop M1095 206-RFP-5106-SG 3Passenger Counting andSurveyingTime ExtensionCritique Personnel ServicesInc.0.00% $ 317,126 04/13/11 $ 18,250 $ 553,909 Operations 60 110-SB-5620-MM 5Illinois Slope Stabilization andScour ProtectionAdditional Work The Kilian Corporation 10.00% $ 2,099,634 04/01/11 $ 25,927 $ 2,569,134MO-05-0028ARRA90 109-RFP-5503-DGR 1Scott Avenue Transit PlazaDesignAdditional Work Horner and Shifrin Inc 16.00% $ 430,658 04/01/11 $ 29,309 $ 459,968MO-90-X231Prop M0 007-SB-5213-DGR 2Missouri MetroLink GrassCutting and GroundsMaintenanceExercising Option Year 2 Ideal Landscape Group 12.00% $ 559,572 04/01/11 $ 204,713 $ 925,285 Operations 0 008-SB-5341-DGR 1Illinois MetroLink GrassCutting and GroundsMaintenanceExercising Option Year 1Hanks Excavating andLandscaping12.00% $ 538,795 04/01/11 $ 151,130 $ 689,925 Operations 0 008-SB-5393-SS 4Janitorial Services forHeadquarters Building andArch GarageAdditional Work MERS/Goodwill 10.00% $ 510,106 03/16/11 $ 4,761 $ 793,643 Operations 0 010-SB-5583-DGR 4North Hanley & Rock RoadParking & Bus LoopReconstructionAdditional Work Byrne & Jones Construction 22.00% $ 1,495,045 03/14/11 $ 57,848 $ 1,793,783ARRAMO-96-X005Prop MOperations0 08/9/2011 8/9/2011 2 of 8

Task OrderContract ModificationsFiscal Year 2011Contract #Mod # Description Reason for Mod Contractor DBE %Original ContractAmount Mod Date Mod AmountRevisedContract AmountFunding Source# DaysExtended# ofExtensions toDate10-SB-5646-MM 2 Union Station Tunnel Repairs Time Extension Kozeny-Wagner 15.00% $ 145,913 03/10/11 $ - $ 145,913MO-03-0098Prop M135 208-RFP-5352-DH 3, 4Design Services AutomatedFare Collection SystemAdditional Work and TimeExtensionBooz Allen Hamilton 10.00% $ 952,803 03/10/11 $ 514,636 $ 1,561,015MO-04-0113Prop M1095 206-SB-5099-SB 4 Towing and Wrecker Services Time ExtensionMike's Towing & AutomotiveSpecialities0.00% $ 193,761 03/09/11 $ 21,000 $ 398,761 Operations 180 210-SB-5646-MM 1 Union Station Tunnel Repairs Time Extension Kozeny-Wagner 15.00% $ 145,913 03/03/11 $ - $ 145,913MO-03-0098Prop M90 109-RFP-5421-SG 2Employement BackgroundCheckExercise Option Year 1 HireRight Solutions 0.00% $ 55,800 02/25/11 $ 29,340 $ 140,940 Operations 0 008-RFP-5290-DR 3 Temporary Help Services Time Extension Above All Personnel 14.00% $ 362,425 02/23/11 $ - $ 1,087,275 Operations 60 108-RFP-5401-DR 1Health & Welfare ConsultantServicesExercise Option Year 1AON Hewitt Consulting(formerly Aon Consulting)0.00% $ 311,098 02/22/11 $ 145,365 $ 456,463 Operations 0 010-SB-5687-MM 1East Riverfront InterlockingSpecial Track Work MaterialTime Extension Progress Rail Services 0.00% $ 607,710 02/18/11 $ - $ 607,710MO-90-05-0028CAP-01-744-ED90 110-SB-5620-MM 4Illinois Slope Stabilization andScour ProtectionTime Extension The Kilian Corporation 10.00% $ 2,099,634 02/15/11 $ - $ 2,543,207MO-05-0028ARRA90 110-SB-5651-DGR 1MetroLink Illnois Bike Trails -Phase 2Additional Work Illinois Excavators Inc. 20.00% $ 5,118,102 02/14/11 $ 20,050 $ 5,138,152MO-90-X142SCCTD0 011-SB-5678-DGR 1Missouri ML Station PlatformHeaters Installation Phase 2Additional Work and TimeExtensionStreib Electric 20.00% $ 182,141 02/10/11 $ 5,159 $ 187,300MO-90-X197Prop M90 110-RFP-5663-DGR 1Eads Bridge Conductor RailDesign ServicesAdditional WorkStantec Consulting Services,Inc.11.00% $ 378,418 02/09/11 $ 20,564 $ 398,982MO-05-0028Prop M0 010-RFP-5564-DH 1Automatic Fare Collection andSmart Card SystemAdditional Work Indra, USA 0.00% $ 6,625,896 02/04/11 $ 290,280 $ 6,916,176MO-04-0113MO-05-0028Prop MSCCTD0 08/9/2011 8/9/2011 3 of 8

Task OrderContract ModificationsFiscal Year 2011Contract #Mod # Description Reason for Mod Contractor DBE %Original ContractAmount Mod Date Mod AmountRevisedContract AmountFunding Source# DaysExtended# ofExtensions toDate10-RFP-5557-SS 1 Magnetically Encoded Passes Additional Work Magnetic Ticket & Label 0.00% $ 150,606 02/02/11 $ 7,048 $ 157,654 Operations 0 008-RFP-5201-SG 7Security and FareEnforcement ServicesAdditional WorkSecuritas Security ServicesUSA, Inc.14.00% $ 3,169,412 01/26/11 $ 26,336 $ 10,397,790 Operations 0 010-RFP-5595-DP 1Pest Control Services forVehicles & FacilitiesExercise Option Year 1 Terminix 0.00% $ 70,240 01/25/11 $ 74,520 $ 144,760 Operations 0 011-SB-5688-CB 1 Refuse Removal Services Additional Work Allied Waste, Inc. 0.00% $ 170,925 01/24/11 $ 5,972 $ 176,896 Operations 0 007-RFP-5197-DR 3On-Call Finance/AccountingConsulting ServicesTime Extension UHY Advisors 0.00% N/A 01/21/11 $ - N/A Operations 180 207-RFP-5197-DR 2On-Call Finance/AccountingConsulting ServicesTime Extension UHY Advisors 0.00% N/A 01/21/11 $ - N/A Operations 90 107-RFP-5196-SG 3Metro Broker of RecordServicesExercising Option Year 2Arthur J. Gallagher RiskManagement Services Inc0.00% $ 225,000 01/18/11 $ 77,500 $ 384,000 Operations 0 009-RFP-5460-DR 2 Stockless Office Supplies Exercising Option Year 2 Staples 0.00% $ 66,657 01/11/11 $ 100,000 $ 266,547 Operations 0 007-SB-5168-SG/DP 4 DeBaliviere Bus Cleaning Exercising Option Year 3 MERS/Goodwill 15.00% $ 318,323 01/07/11 $ 323,851 $ 1,608,200 Operations 0 009-SB-5419-DP 1 Brentwood Facility Cleaning Exercising Option Year 1 Cross Janitorial 25.00% $ 666,690 01/03/11 $ 333,345 $ 1,000,034 Operations 0 010-SB-5568-DW 5St. Louis Downtown AircraftRescue and FirefightingStationTime ExtensionPoettker ConstructionCompany10.00% $ 3,898,000 12/30/10 $ - $ 4,121,897BE-CPS-3905-ARRA180 308-SB-4139-SP/CB 7 Track Maintenance Services Time Extension Ironhorse, Inc 0.00% $ 878,472 12/20/10 $ 55,000 $ 2,833,708 Operations 90 107-RFP-5273-DR 4Outsourcing of Employmentand Income Verification andUnemployment ClaimsPeriod of PerformanceModificationTALX Corporation 0.00% $ 31,369 12/15/10 $ - $ 64,850 Operations 0 08/9/2011 8/9/2011 4 of 8

Task OrderContract ModificationsFiscal Year 2011Contract #Mod # Description Reason for Mod Contractor DBE %Original ContractAmount Mod Date Mod AmountRevisedContract AmountFunding Source# DaysExtended# ofExtensions toDate06-SB-5099-CB 3Metro's Towing and WreckerServicesTime ExtensionMike's Towing & AutomotiveSpecialities, Inc.0.00% $ 193,761 12/15/10 $ 21,000 $ 377,761 Operations 90 108-RFP-5330-DR 3On-Call Public Relations andCommunity SupportExercising Option Year 2The Hauser GroupVector CommunicationsThe Vandiver Group0.00% $ 145,000 12/14/10 $ 30,000 $ 285,000 Operations 0 007-SB-5150-DP 3Main Shop Industrial FacilityCleaningExercising Option Year 3 MERS/Goodwill 20.00% $ 696,431 12/09/10 $ 348,215 $ 1,741,077 Operations 0 007-RFP-5235-DR 27 3On-Call InformationTechnology ConsultingServicesAdditional Work MetroWebsiteMackenzie & Associates, Inc. 0.00% $ 89,680 12/08/10 $ 4,720 $ 110,330 Operations 0 009-RFP-5482-SS 1 Independent Audit Services Additional Work Rubin Brown LLP 18.00% $ 129,900 12/07/10 $ 14,300 $ 278,300 Operations 0 010-SB-5583-DGR 3North Hanley & Rock RoadParking & Bus LoopReconstructionAdditional Work Byrne & Jones Construction 22.00% $ 1,495,045 12/06/10 $ 141,250 $ 1,735,935ARRAMO-96-X005Prop MOperations0 009-RFP-5402-DGR 4Design-Build VandeventerBridge ReplacementAdditional Work and TimeExtensionMillstone Bangert, Inc 18.00% $ 4,123,000 12/01/10 $ 592,136 $ 4,881,478MO-04-0113Prop M270 310-SB-5620-MM 3Illinois Slope Stabilization andScour ProtectionAdditional Work The Kilian Corporation 10.00% $ 2,099,634 11/18/10 $ 206,905 $ 2,543,207ARRASCCTDMO-05-0028MO-56-00010 010-SB-5568-DW 4St. Louis Downtown AircraftRescue and FirefightingStationAdditional WorkPoettker ConstructionCompany10.00% $ 3,898,000 11/09/10 $ 196,497 $ 4,121,897BE-CPS-3905-ARRA150 210-RFP-5605-DR 1On-Call Internal AuditConsulting ServicesPension Plan FinancialStatements AuditCBIZ, MHM LLC 0.00% N/A 11/08/10 $ 98,264 $ 98,264 Operations 0 010-RFQ-5621-CB 1Installation of SignageDowntown ML StationsAdditional WorkMidwest Sunray Lighting %Sign Maintenance Co., Inc.0.00% $ 114,010 10/26/10 $ 28,747 $ 142,757MO-003-0098Prop M0 008-RFP-5352-DH 2Design Services – AutomatedFare Collection SystemAdditional Work Booze Allen & Hamilton, Inc. 10.00% $ 952,803 10/25/10 $ 93,576 1,046,379MO-04-0113Prop M730 107-RFP-5235-DR 27 2On-Call InformationTechnology ConsultingServicesAdditional Work MetroWebsiteMackenzie & Associates, Inc. 0.00% $ 89,680 10/22/10 $ 15,930 $ 105,610Prop MMO-90-X1970 08/9/2011 8/9/2011 5 of 8

Task OrderContract ModificationsFiscal Year 2011Contract #10-SB-5583-DGR 2Mod # Description Reason for Mod Contractor DBE %North Hanley & Rock RoadParking & Bus LoopReconstructionOriginal ContractAmount Mod Date Mod AmountRevisedContract AmountAdditional Work Byrne & Jones Construction 22.00% $ 1,495,045 10/19/10 $ 46,343 $ 1,594,685Funding SourceARRAMO-96-X005Prop MOperations# DaysExtended# ofExtensions toDate0 007-RFP-5178-DR 5 4On-Call Audit ConsultingServicesAdditional Work Brown Smith Wallace, LLC 0.00% $ 57,045 10/18/10 $ 62,536 $ 412,911 Operations 90 110-SB-5587-CB 3Phase 2 ADA MO MetroBusStop Enhancements ProjectAdditional Work Gershenson Construction 18.00% $ 314,720 10/14/10 $ 7,375 $ 342,095MO-57-X006, MO-90-X20490 108-SB-5279-DP 2 Bus/Train Seating 90 Day ExtensionKustom Seating Unlimited,Inc.0.00% $ 455,424 10/13/10 $ 56,928 $ 740,064 Operations 90 110-SB-5662-CB 1Purchase of 2 Dry Type, ExtraHeavy Traction Duty RectifierTransformersTime Extension Virginia Transformer Corp. 0.00% $ 227,000 10/13/10 $ - $ 227,000 SCCTD 90 108-SB-5368-DP 1Group 8D (Bus) and Group 65BatteriesExercise Option Year 1 Electro Battery 0.00% $ 299,248 10/12/10 $ 149,624 $ 448,872 Operations 0 010-RFP-5563-DGR 4MetroLink UMSL SouthInterlocking Design ServicesAdditional Work; TimeExtensionStantec Consulting, Inc. 16.00% $ 763,745 10/07/10 $ 60,000 $ 989,241MO-96-X005ARRA90 107-RFP-5231-DP 4, 5 8 Bus and Van Inspection Additional Work First Transit, Inc. 0.00% N/A 10/06/10 $ 74,000 $ 225,834MO-03-0103STCFMO-04-01220 008-SB-5395-SS 307-RFP-5228-CE 3, 4, 5 808-SB-5370-DP 1Janitorial Services for theHeadquarters Building andArch GaragePurchase of 30, 35 and 40Foot Low Floor Buses andSupport EquipmentPurchase of Ultra Low Sulfur#2 Diesel FuelExercise Option Year 1 MERS/Goodwill 10.00% $ 510,106 09/29/10 $ 255,429 $ 788,535 Operations 0 0Purchase of Fourteen 35'Buses, Twenty-nine 40'Buses, twenty 35' Buses andmodification of seven 40'Illinois BusesGillig LLCFTAMonitors$ 8,329,127 09/27/10 $ 23,805,295 $ 36,251,229MO-90-X197MO-03-0103MO-03-0085MO-90-X1900 0Time Extension HWRT Oil Company 0.00% $ 27,458,000 09/09/10 $ 3,432,250 $ 30,890,250 Operations 90 1ML-04-SB-4094-MJ/CB 12 Refuse Removal Services Time Extension Allied Waste 0.00% $ 77,746 09/01/10 $ 12,671 $ 442,567 Operations 60 106-SB-4139-SP/CB 6 Track Maintenance Services Time Extension Ironhorse, Inc 0.00% $ 878,472 09/01/10 $ 140,000 $ 2,778,708 Operations 90 18/9/2011 8/9/2011 6 of 8

Task OrderContract ModificationsFiscal Year 2011Contract #Mod # Description Reason for Mod Contractor DBE %Original ContractAmount Mod Date Mod AmountRevisedContract AmountFunding Source# DaysExtended# ofExtensions toDate07-IFB-5170-CE 3Illinois Bus Facility CleaningServiceExercise Option Year 3 MERS/Goodwill 17.00% $ 372,531 09/01/10 $ 186,265 $ 931,675 Operations 0 006-SB-5137-SG 2 Uniform Rental and Cleaning Exercise Option Year 2 G & K Services Inc 0.00% $ 285,948 08/30/10 $ 94,584 $ 486,287 Operations 0 006-SB-5159-SS 2Printing and Delivery ofTimetablesExercise Option Year 2 Russell's Guides Inc 0.00% $ 375,000 08/19/10 $ 125,000 $ 625,000 Operating 0 010-RFP-5591-DGR 4East Riverfront InterlockingDesign ServicesAdditional Work STV, Inc 16.00% $ 1,113,875 08/18/10 $ 100,510 $ 1,391,868 MO-03-0098 0 010-SB-5587-CB 2Phase 2 ADA MO MetroBusStop Enhancements ProjectAdditional Work Gershenson Construction 18.00% $ 314,720 08/12/10 $ 20,000 $ 334,720MO-57-X006, MO-90-X20490 109-RFP-5402-DGR 3Design-Build VandeventerBridge ReplacementAdditional Work Millstone Bangert, Inc 18.00% $ 4,123,000 08/04/10 $ 58,237 $ 4,289,343 MO-04-0113 180 210--SB-5620-MM 2Illinois Slope Stabilization andScour ProtectionAdditional Work The Kilian Corporation 10.00% $ 2,099,634 07/27/10 $ 26,601 $ 2,336,301MO-05-0028ARRA0 006-IFB-5114-ET 3 Call-A-Ride Van Cleaning Exercise Option Year 3 World Management 12.00% $ 482,110 07/27/10 $ 254,715 $ 1,233,030 Operations 0 010-SB-5568-DW 2St. Louis Downtown AircraftRescue and FirefightingStationAdditional Work Poettker Construction Co. 10.00% $ 3,898,000 07/26/10 $ 27,400 $ 3,925,400 FAA Grant 0 010-SB-5568-DW 3St. Louis Downtown AircraftRescue and FirefightingStationTime Extension Poettker Construction Co 10.00% $ 3,898,000 07/26/10 $ - $ 3,925,400FAA Grant ARRAFunded90 110-RFP-5563-DGR 3MetroLink UMSL SouthInterlocking Design ServicesAdditional Work Stantec Consulting, Inc. 16.00% $ 763,745 07/23/10 $ 4,777 $ 929,241 MO-96-X005 0 007-SB-5216-SG 1Revenue Contract for FacilityVending ServicesTime Extension Grisedieck Vending Services 0.00% N/A 07/15/10 N/A N/A N/A 90 110-SB-5583-DGR 1North Hanley & Rock RoadParking & Bus LoopReconstructionAdditional Work Byrne & Jones Construction 22.00% $ 1,495,045 7/8/2010 $ 53,298 $ 1,548,343MO-96-X005ARRA (N. HanleyOnly)0 08/9/2011 8/9/2011 7 of 8

Task OrderContract ModificationsFiscal Year 2011Contract #Mod # Description Reason for Mod Contractor DBE %Original ContractAmount Mod Date Mod AmountRevisedContract AmountFunding Source# DaysExtended# ofExtensions toDate10-SB-5620-MM 1Illinois Slope Stabiliation andScour ProtectionAdditional Work The Kilian Corporation 10.00% $ 2,099,634 07/06/10 $ 210,067 $ 2,309,701MO-05-0028ARRA0 008-SB-5383-CE 2Missouri Yards & Shop FacilityCleaningExercise Option Year 1 MERS/Goodwill 17.00% $ 289,203 07/01/10 $ 144,601 $433,804 Operations 0 08/9/2011 8/9/2011 8 of 8

Metro Davis Bacon Construction ProjectsFiscal Year 2011FTA Grant No. Award Date Contract No. Contract Name Award Amt Contractor SubcontractorsARRA CPS-3905 7/30/2009 09-SB-5568-DWSt. Louis Downtown Airport FireStationWork StartWeekWork EndWeek$ 3,898,000 Poettker Construction 8/7/2009 1/31/2011Castle Contracting 10/20/2009 12/28/2010Toenjes Brick Contracting 1/23/2010 11/6/2010Union Iron Workers 9/29/2010 12/8/2009Electrico 10/11/2009 12/26/2010Guarantee ElectricalConstruction9/19/2009 11/20/2010H&M Backhoe Service, Inc. 9/27/2009 1/10/2010Hemann Excavating Inc. 9/5/2009 9/5/2009Hock Architectural 4/27/2010 12/28/2010Hock , Inc. 1/19/2010 12/28/2010Soldiers Plumbing, Inc. 9/15/2009 5/25/2010United Iron Worker, Inc. 9/29/2009 12/8/2010Vee-Jay Cement Contracting,Inc10/27/2009 11/23/2010Kone, Inc. 6/16/2010 11/3/2010L& K Fire Protection 2/21/2010 12/26/2010Lakeside Roofing 4/4/2010 7/18/2010Land Operations 10/6/2009 12/28/2010Universe Corporation 4/20/2010 6/22/2010Von Alst Operations 1/19/2010 12/28/2010Ady Insulation 11/16/2010 12/21/2010Belleville Fence 11/16/2010 12/21/2010Bergman Rosco Plumbing 8/24/2010 12/21/2010Custom Decorator 10/6/2010 12/1/2010M&J Products 10/15/2010 11/26/2010Mount Vernon Glass 8/13/2010 11/26/2010

Metro Davis Bacon Construction ProjectsFiscal Year 2011FTA Grant No. Award Date Contract No. Contract Name Award Amt Contractor SubcontractorsMO-09-x204; MO-57-x006ARRA,MO-90-x005;MO-03-000812/23/2009 10-SB-5587-CB12/17/2009 10-SB-5583-DGRMO-03-0098 3/17/2010 10-RFQ-5608-CBARRA MO-05-0028; MO-56-00013/26/2010 10-SB-5620-MMMO-90-x197 9/24/2010 11-SB-5678-DGRADA MO MetroBus StopEnhancementsParking & Bus Loop Reconstructionfor North Hanley and Rock RoadStationsInstallation of Signage - DowntownSt. Louis MetroLink StationsIllinois Slope Stabilization & ScourProtectionMO MetroLink Station PlatformHeaters Installation Phase 2Work StartWeekWork EndWeek$ 314,720 Gershenson Construction 1/18/2010 10/1/2010$ 2,282,716 Byrne & Jones Construction 1/9/2010 12/17/2010Flyer Striping 5/30/2010 9/12/2010Kirkwood Excavating 4/4/2010 9/5/2010$ 114,010 Midwest Sunray 3/26/2010 8/10/2010$ 2,099,634 Kilian Corp 4/6/2010 11/2/2010Mayer Landscaping 6/6/2010 11/7/2010Belleville Fence Co. 10/5/2010 10/5/2010PJR & Associates 8/3/2010 8/24/2010Happy Tree 5/22/2010 5/22/2010Homer Tree Service 7/31/2010 9/28/2010$ 182,141 Streib Electric 10/6/2010 6/4/2011Building Systems Technology 10/5/2010 5/28/2011MO-03-0098 8/23/2010 10-SB-5646-MM Union Station Tunnel Repair FY10 $ 145,913 Kozeny Wagner None 8/3/2010 5/31/2011MO-890-x142 6/23/2010 10-SB-5651-DGRMetroLink Illinois Bike Trails - Phase2$ 5,118,102 Illinois Excavators, Inc. 7/1/2010 6/4/2011MO-04-0113 1/30/2009 09-RFP-5402-DGRDesign-Build Vandeventer BridgeReplacementHomer Tree Service 7/31/2010 7/31/2010Mayer Landscaping 8/8/2010 9/9/2010$ 4,123,000 Millstone Bangert, Inc. 3/15/2009 5/29/2011Western Waterproofing 3/20/2010 6/5/2010Concrete Coring 10/18/2009 1/29/2011PJR & Associates 11/3/2009 12/14/2010N & J Railroad Contractors 12/29/2009 10/30/2010ATK Safety Supply, Inc. 10/15/2009 3/19/2010Gerstner Electric 12/20/2009 3/7/2010Spirtas Wrecking Co. 11/10/2009 1/12/2010Drilling Service Co. 7/28/2009 9/7/2010Pace Construction 5/23/2010 10/3/2010Thomas Industrial 11/7/2010 11/14/2010

Metro Davis Bacon Construction ProjectsFiscal Year 2011FTA Grant No. Award Date Contract No. Contract Name Award Amt Contractor SubcontractorsMO-03-0098 10/7/2010 11-RFQ-5680-CBMO-90-x190,STCF, SCCTDMO-90-x197,SCCTD, STCFMO-05-0028,CAP-01-744-FEDMO-90-x197,Prop MMO-90-x231,Prop MMO-90-x231;Prop MIDOT CAP-11-986-ILLMO-90-x142/SCCTD3/11/2011 10-SB-5659-CB3/2/2011 11-RFQ-5734-CBReplacement of 30 Ton VAVRooftop UnitReplacement of Roof Top HeatingUnits - Main ShopInstallation of Paint Spray Booth -Main Shop$ 42,515 St. Louis Air NoneWork StartWeekWork EndWeek$ 138,622 St. Louis Air None 3/11/2011 8/31/2011$ 99,980 Finishing Solutions None 3/3/2011 6/30/20113/4/2011 10-SB-5619-MM East Riverfront Interlocking $ 7,766,231 St. Louis Bridge 2/4/2011 7/7/2011Railworks, Inc. 2/27/2011 7/7/2011Wisseher Electrical 2/20/2011 7/7/20113/14/2011 11-RFQ-5744-DGR Culvert and Wall Repair MP.5.18 $ 97,235 Kozeny Wagner None 3/14/2011 6/14/20113/2/2011 11-RFP-5710-DGR1/15/2011 11-RFQ-5723-DGRGrand MetroLink Station TemporaryPlatformCatenary Foundation Installation atGrand MetroLink Station6/24/2011 11-SB-5726-MM MP 26.48 Soil Nailed Wall Removal $ 680,441$ 265,659 Gershenson Construction 3/21/2011 9/9/2011Bumpy's Steel Erection 3/22/2011 4/26/2011Gerstner Electric 4/20/2011 5/22/2011$ 79,975 Kozeny Wagner None 1/4/2011 1/11/2011Hank's Excavating &Landscaping, Inc.7/5/2011 8/31/2011McMillian Truck Services, Inc. 7/5/2011 8/31/2011Ray LaFore Truck Serv, Inc. 7/5/2011 8/31/20116/21/2011 11-SB-5755-MM MetroBikeLink - Memorail Section $ 3,331,072 Illinois Excavators, Inc. 7/2/2011 5/15/2011Gleeson Asphalt, Inc. 7/2/2011 5/15/2011Control Line, Inc. 7/2/2011 5/15/2011Collins & Herman, Inc. 7/2/2011 5/15/2011Subsurface Construction, Inc. 7/2/2011 5/15/2011Ehret Plumbing 7/2/2011 5/15/2011PJR Associates 7/2/2011 5/15/2011Mayer Landscaping 7/2/2011 5/15/2011Civil Design, Inc. 7/2/2011 5/15/2011Ray LaFore Truck Serv, Inc. 7/2/2011 5/15/2011Fournie Contracting Co., Inc. 7/2/2011 5/15/2011Slater Construction Co., Inc. 7/2/2011 5/15/2011

Metro Davis Bacon Construction ProjectsFiscal Year 2011FTA Grant No. Award Date Contract No. Contract Name Award Amt Contractor SubcontractorsWork Start Work EndWeek WeekMO-90-x231 6/1/2011 11-SB-5679-DGR Grand Scott Avenue Transit Plaza $ 4,531,096 BenHur Construction 6/15/2011 6/15/2012John J Smith Masonry 6/15/2011 6/15/2012Schindler Elevator Corp 6/15/2011 6/15/2012Commercial Fabriction 6/15/2011 6/15/2012Acme Glass and Glazing 6/15/2011 6/15/2012Town and Country Grading 6/15/2011 6/15/2012Quality Heating and Cooling 6/15/2011 6/15/2012Hance Construction 6/15/2011 6/15/2012Sachs Electric 6/15/2011 6/15/2012Liberty Improvements 6/15/2011 6/15/2012Ahal Hardscapes 6/15/2011 6/15/2012Hyde Sheetmetal 6/15/2011 6/15/2012Byrne and Jones 6/15/2011 6/15/2012St. Louis Skylights 6/15/2011 6/15/2012Beetz Plumbing 6/15/2011 6/15/20122009-RA-T9-0080 6/28/2011 11-SB-5708-DGRBus and Rail Facility ControlledAccess$ 335,000 Kozeny Wagner 6/28/2011 10/18/2011Liberty Improvements 6/28/2011 10/18/2011Guarantee Electric 6/28/2011 10/18/2011

PROCUREMENT CARD PROGRAMADMINISTRATIVE REVIEW STATISTICSFISCAL YEAR 20111ST QUARTER FY11 2ND QUARTER FY11 3RD QUARTER FY11 4TH QUARTER FY11FY2011 YTD TOTALTOTAL TRANSACTIONSTRANSACTIONS REVIEWEDPERCENTAGE REVIEWEDTRANSACTIONCOUNTTRANSACTIONAMOUNTTRANSACTIONCOUNTTRANSACTIONAMOUNTTRANSACTIONCOUNTTRANSACTIONAMOUNTTRANSACTIONCOUNTTRANSACTIONAMOUNTTRANSACTIONCOUNTTRANSACTIONAMOUNT3311 $ 934,150 3643 $ 906,884 3702 $ 1,046,141 4011 $ 1,041,960 14667 $ 3,929,1353311 $ 934,150 3643 $ 906,884 3702 $ 1,046,141 4011 $ 1,041,960 14667 $ 3,929,135100% 100% 100% 100% 100% 100% 100% 100% 100% 100%TRANSACTIONS INVESTIGATEDPERCENTAGE OF TOTALINVESTIGATEDCONFIRMED PROCEDURALVIOLATIONS78 $ 42,491 69 $ 39,156 55 $ 41,488 71 $ 73,539 273 $ 196,6742.4% 4.5% 1.9% 4.3% 1.5% 4.0% 1.8% 7.1% 1.9% 5.0%2 TRANS,1 INCIDENT $ 3,1270 TRANS,0 INCIDENTS $-5 TRANS,2 INCIDENTS $ 7,6944 TRANS2 INCIDENT $ 10,82111 TRANS,5 INCIDENT $ 21,641CONFIRMED VIOLATIONPERCENTAGE OF TOTAL 0.1% 0.3% 0.0% 0.0% 0.1% 0.7% 0.1% 1.0% 0.1% 0.6%TRANSACTIONS WITH SALESTAX36 $12,568 29 $10,836 33 $ 11,421 24 $ 646 122 $ 35,471SALES TAX CHARGED$ 517$ 686$ 748$ 860$ 2,810PERCENTAGE OF TOTALTRANSACTIONS WITH SALESTAX 1.1% 1.3% 0.8% 1.2% 0.9% 1.1% 0.6% 0.1% 0.8% 0.9%REFUNDED SALES TAX20 $ 378 23 $ 662 18 $ 410 28 $ 980 89 $ 2,430W:\Purchasing\Quarterly Reports\FY11 ProCard Transactions Review Report.xlsx 1 of 1