Financial and Ridership Report October 2010 · mta metro-north railroad financial statements - mid year forecast month ended: august 31, 2010 office of vice president of finance &

Financial and Ridership Report

October 2010

Page 20

MTA METRO-NORTH RAILROAD

FINANCIAL STATEMENTS - MID YEAR FORECAST

MONTH ENDED: AUGUST 31, 2010

OFFICE OF VICE PRESIDENT OF FINANCE & INFORMATION SYSTEMS

Page 21

MTA METRO·NORTH RAILROAD

JULY FINANCiAl PLAN - 2010 MID·YEAR FORECAST

ACCRUAl STATEMENT of OPERATIONS by CATEGORY

August 2010

(5 in millions)

Nonreimbursable Reimbursable Total

Favorable Favorable Favorable (Unfavorable) (Unfavorable) (Unfavorable)

Mid·Year Mid·Year Mid-Year Forecast Actual Variance Percent Forecast Actual Variance Percent Forecast Actual Variance Percent

Revenue Farebox Revenue $44.115 $44.840 $0.725 16 $0.000 $0000 $0.000 $44.115 $44840 $0.725 16 VehIcle Toll Revenue 0000 0.000 0.000 0.000 0000 0.000 0000 0.000 0.000 Other Operating Revenue 3.094 3.309 0.215 70 0.000 0000 0.000 3094 3309 0.215 7.0 Capital & Other Reimbursements'

MTA 0000 0.000 0.000 9.183 7.982 (1.201) (13.1) 9.183 7.982 (1.201 ) (13.1) CDOT 0.000 0.000 0.000 11.806 5.713 (6.093) (51.6) 11.806 5.713 (6.093) (51.6) Diner 0000 0.000 0.000 1.838 4.600 2.762 1.838 4.600 2.762 Tolal Capital and Other Reimbursements 0.000 0.000 0.000 22.826 18.294 (4.532) (19.9) 22826 18.294 (4.532) 119.9)

Total Revenue/Receipts $47.209 548.150 50.941 2.0 522.826 518.294 (54.532) (19.9) 570.035 566.444 (53.591) (5.1)

Expenses

Labor Payroll $32.344 $32609 ($0265) (0.8) $4142 $3.861 $0281 6.8 S36.486 $36.470 SO 016 0.0 Overtime 4.567 4.664 (0097) (2.1) 1 182 1.798 (0617) (52.2) 5.749 6.463 (0.714) (12.4) Health and Welfare 6.177 5.920 0258 4.2 0933 0969 (0037) (3.9) 7.110 6.889 0221 31 OPEB Currenl Paymenl 0.688 1.055 (0.367) (533) 0.000 0000 0.000 0.688 1.055 (0367) (53.3) Pensions 3.542 3.579 (0037) (1.C) 0496 0508 (0.012) (24) 4.038 4.087 10.049) (1.2) Other Fnnge Benefits 6.510 6.595 (0.085: (Uj C.902 0.929 10 027) (3.0) 761 'I 7524 (C.112) (1.5} Reimbursable Overhead (3.535) (3.830) 0.295 84 3.637 3.660 (0024) (0.6) 0102 (0 17C) 0272 Total Labor 550.294 550.591 (50.297) (0.6) $11.290 511.726 (50.435) (3-9) 561.585 562.317 (50.732) (1.2)

Non-Labor. Traction and PropulSion Power $4.693 $4.929 (5C.236) (5.0) $0000 $0.000 $0.000 S4693 $4 929 (SO 236: (5.C) Fuel for Buses and Trains 1.367 1.430 (C063) (4.6: 0.000 oDOC 0000 , 367 1430 (C.063) (461 l'lsurance 0.887 0.887 (0 DOC) 10 C) 0.379 0.372 0.007 1.8 1.266 1 259 0007 0.5 Clalr"ls 0.838 0.238 0.60C 71.6 0.000 0000 0000 0.838 0.238 o60G 71.6 Paratranslt Service Contracts 0.000 0.000 O.COO O.OOC 0.000 C.OOO 0.000 0.000 0.000 Maintenance and Other Operating Contracts 10 164 8.539 1625 16.C 7.255 5.688 1.567 216 17 420 14.227 3.193 18.3 Professlcnal Service Conlraets 2.419 1.883 C.536 222 C.837 0.129 0.708 846 3256 2.012 1.244 382 Mawlals 1\ Supplies 7.045 7254 (0 208) (3.C) 3.039 0.312 2.728 89.7 10085 7.566 2.519 250 Olher BUSiness Expenses 1.142 1.027 O.i 14 10.0 0.026 0.068 (0.042) , .167 , 095 0072 62

Total Non-Labor 528.556 S26.188 52.368 8.3 511.536 56.569 S4.967 43.1 S4O.092 532.757 57.335 18.3

Other Adjustments: Olher 0.000 0.000 O.COO 0.000 0.000 0000 C.OOO 0.000 0000 Total Other Adjustments SO.OOO 50.000 50.000 SO.OOO 50.000 SO.OOO SO.OOO SO.OOO SO.OOO

Total Expenses before Non-Cash Liability Adjs. S78.85O S76.779 S2.071 2.6 522.826 518.294 54.532 19.9 S101.677 S95.073 56.603 6.5

DepreCiation 17,470 17.407 0.063 0,4 0000 0000 0.000 17.470 17 407 0063 04 OPEB Obl19ation 5.250 5250 0000 00 0000 0000 0000 5.250 5250 0.000 0.0 Environmental Remedlatior. 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000

Total Expenses 5101.571 599.436 52.135 2.1 522.826 518.294 S4.532 19.9 5124.397 5117.730 S6.666 5.4

Net Surplus/(Deficit) (554.362) ($51.286) S3.075 5.7 SO.OOO $0.000 50.000 (554.362) (551.286) 53.075 5.7

Cash Conversion Adjustments. Depreciation 17 470 17407 (0.063) (04) 0.000 0.000 0000 17.470 17.407 (0.063) (0,4) OperaungtCapital (2066) (0.465) 1601 775 0.000 0000 0000 ($2.066: ($0 465) 1.601 77.5 Other Cash AdJuslments 8.128 7.154 (0.974} (12.0) 0000 0.000 0000 S8128 $7154 (0.974) (12.0)

Total Cash Conversion Adjustments 523.532 S24.096 SO.564 2.4 SO.OOO 50.000 50.000 S23.532 524.096 50.564 2.4

Net Cash Surplus/(Deficit) (S30.830) (527.190) 53.640 11.8 50.000 50.000 50.000 (S30.830) (527.190) 53.640 t1.8

- Results are preliminary and subject to audit review - Differences are aue 10 rounding . Variance exceeds 100%

Page 22

MTA METRO-NORTH RAILROAD JULY FINANCIAL PLAN - 2010 MID-YEAR FORECAST

ACCRUAL STATEMENT of OPERATIONS by CATEGORY August Year-To-Date

(5 in millions)

Nonreimbursable Reimbursable Total

Favorable Favorable Favorable

(Unfavorable) (Unfavorable) (Unfavorable)

Mid·Year Mid·Year Mid-Year

Forecast Actual Variance Percent Forecast Actual Variance Percent Forecast Actual Variance Percent

Revenue Farebox Revenue $343870 $345.942 S2072 06 SO 000 SO.OOO SO.OOO S343.870 S345.942 S2072 06 Vehicle Toll Revenue 0.000 0.000 0000 0000 0.000 0.000 0000 0000 0000 Other Operating Revenue 28.294 30.084 1.790 6.3 0000 0.000 0.000 28294 30.084 1 790 6.3 Capital & Other Reimbursernenrs.

MTA 0.000 0000 0000 64.153 61.147 (3.006) (4 7) 64.153 61 147 (3.006) (4.7) COOT 0000 0000 0.000 55.438 40.315 (15.124) (27.3) 55438 40.315 (15124) (27.3) Other 0.000 0000 0000 10.892 12.825 1933 17.7 10.892 12825 1.933 17.7 Total Cap,tal and Other Reimbursements 0.000 0.000 0000 130.483 114.286 (16197) (12.4) 130.483 114.286 (16197) (12.4)

Total Revenue/Receipts 5372.164 5376.027 $3.863 1.0 5130.483 $114.286 ($16.197) (12.4) 5502.647 5490.313 ($12.334) (2.5)

Expenses

Labor:

Payroll S257838 $258857 (51019) (0.41 S29076 527.460 51616 5.6 5286.915 $286318 50597 0.2 Over1lme 35.682 35.173 0.509 1.4 8.671 9896 (' .225) (i4.1) 44.353 45.069 (0 716) (1.6) Heallh and Wellare 48.057 47.029 1028 21 6556 6.485 0071 1.1 54613 53.514 1099 20 OPES Current Payment 6.658 8 no (1472) (22. 1) 0.000 0.000 0.000 6658 8.130 (1472) (22 1) PenSions 28.226 28314 (0.088) (0 3) 3509 3.422 0088 2.5 31735 31.736 (0001) (0 0) Other Fnnge Benefits 51.890 52.170 (0 279) (0 5) 6.362 6.239 0.124 19 58252 58.408 (0 156) (G.3)

Relmbufsacle Ovemead (24.8C1) (23.74 3} (1058) (43) 23.815 22391 1.424 6.C (0.987) 11.352) 0366 37.1

Total Labor 5403.550 $405.931 ($2.381) (0.6) S77.990 S75.892 S2.098 2.7 $481.540 S481.823 ($0.283) (0.1)

Non·Lawr TractlOli and PropUlsion Power $40.742 $41 396 ($0 654) {".6) SO 000 SO 000 $0.000 540 742 S41396 (SO 654) (16) Fuel for Buses and Trains 10.889 10.983 (C094) (0 9) 0000 0.000 0000 10.889 lC.983 (0 094) (0 9) Insurance 7.140 7.113 C.027 04 2474 2399 0075 30 9.614 9.512 0.102 , I

Claims 6734 6C82 0.651 9 7 C 000 0000 0000 6734 6.082 0.651 97 ParatranSIl Servrce CCnlr2cts 0000 C.COO O.OOC O.COO 0.000 0.000 a 000 0000 0000 Maintenance and Other Operating Contracts 59.529 53.844 5.685 96 27.562 24.877 2.684 9.7 87 090 78.721 8369 96 Professional Service COnlraClS 19.061 18516 0.545 29 4895 3.657 1.239 25.3 23.956 22.173 1.784 7.4 Malenals & Supplies 53921 48744 5.177 96 17.001 7.341 9660 568 70.921 56.084 14.837 209 Other BUSiness Expenses 9.654 9370 0284 29 0.562 0.'120 0442 78.6 10216 9.490 0.726 7.1

Total Non-Labor 5207.670 $196.048 $11.622 5.6 $52.493 538.394 S14.099 26.9 $260.163 S234.442 525.721 9.9

Orher Adjusrmenrs Other 0000 0.000 0000 0.000 0.000 0.000 0000 0.000 0000

Total Other Adjustments SO.OOO SO.OOO $0.000 SO.OOO $0.000 $0.000 $0.000 $0.000 SO.OOO

Total Expenses before Non-Cash Liability Adjs. $611.220 $601.979 $9.242 1.5 $130.483 $114.286 $16.197 12.4 $741.703 $716.265 525.438 3.4

DepreCiation 139553 140.659 (1.106) (08) 0.000 0.000 0.000 139.553 140.659 (1.106) (0.8) OPES Obligation 42.000 42.000 0000 0.0 0000 0000 0.000 42.000 42.000 0000 0.0 Environmental Remedialion 5072 3413 1.658 32.7 0000 0000 0.000 5 072 3.413 1.658 32.7

Total Expenses 5797.845 $788.051 $9.795 1.2 $130.483 5114.286 516.197 12.4 $928.329 5902.337 525.991 2.8

Net Surplus/(Deficit) ($425.681) (5412.024) 513.657 3.2 SO.OOO SO.OOO 50.000 (S425.681) ($412.024) $13.657 3.2

Cash Conversion Adjustments.

Depreciation 139.553 140 659 1.106 0.8 0.000 0000 0000 139.553 140.659 1106 0.8

ODerallnglCapital (10.348) (8.776) 1.572 152 0000 0000 0000 ($10.348) (S8.776) 1.572 15.2 Other Cash Adjustments 36828 52.469 15.641 425 0000 0000 0.000 $36828 S52.469 15.641 42.5

Total Cash Conversion Adjustments 5166.033 5184.352 518.318 11.0 SO.OOO SO.OOO 50.000 S166.033 5184.352 518.318 11.0

Net Cash Surplus/(Deficit) ($259.648) ($227.673) 531.975 12.3 SO.OOO SO.OOO SO.OOO (5259.648) (5227.673) 531.975 12.3

- Results are preliminary and subject to audit reView. - Differences are due to rounding . • Variance exceeds 100%

Page 23

MTA METRO-NORTH RAILROAD 2010 ADOPTED MID-YEAR FORECAST VS. ACTUAL

AUGUST 2010 YEAR-TO-DATE EXPLANATION OF VARIANCE BETWEEN ADOPTED MID-YEAR FORECAST AND ACTUAL RESULTS

ACCRUAL STATEMENT OF OPERATIONS BY CATEGORY ($ in millions)

Generic Revenue

or Expense Category Non Reimb.

or Reimb.

Variance Fav (Unfav)

$ %

Month vs. Mid-Year Forecast

Reason for Variance


$ %

Year to Date vs. Mid-Year Forecast

Reason for Variance

OTHER OPERATING REVENUE Non-Reimb $0.215 70% Higher than projected net GCT retail revenue and station rents and concessions, partially offset by lower advertising revenue for the period.

$1.790 6.3% Higher than projected net GCT retail revenue, advertising and station rents and concessions, partially offset by lower utilities revenue during the period ..

CAPITAL AND OTHER REIMBURSEMENTS

Reimb ($4532) (19.9%) Lower reimbursements reflect scheduling changes in capital project expenditures.

($16197) (12.4%) Lower reimbursements reflect scheduling changes in capital project expenditures.

PAYROLL Reimb $0.281 6.8% Primarily lower than projected activity during the period on the NHL Concrete Tie Program.

$1618 5.6% Primarily lower than projected activity during the period on the 2010 Mainline Turnout program, and the NHL Concrete Tie Program.

OVERTIME Reimb ($0617) (522%) Reflects primarily higher activity dUring the period on the Mainline High Speed Turnouts. and the Drainage & Undercutting program.

($1 225) (14.1%) Reflects higher activity dUring the period on the Mainline/High Speed Turnouts, Cyclical Track Program, and Drainage & Undercutting program.

OPEB CURRENT PAYMENT Non-Reimb (50.367) (53.3%) Reflects additional retirees. ($1.472) (22 1%) Reflects additional retirees.

REIMBURSABLE OVERHEAD Non-Reimb

Reimb

50295 8.4% Reflects higher project activity during the month.

$1.423 6.0% Reflects lower project activity during the period

TRACTION AND PROPULSION POWER Non-Reimb ($0236) (50%) Primarily due to higher than projected usage on the H/H & NH lines and higher prices on the H/H lines, partially offset by lower prices on the NH line

CLAIMS Non-Reimb $0.600 71.6% Lower than projected settlements during the month. $0651 9.7% Lower than projected settlements during the period.

Page 24




Generic Revenue


or Reimb.


$ %

Month vs. Mid·Year Forecast

Reason for Variance


$ %

Year to Date vs. Mid·Year Forecast

Reason for Variance

MAINTENANCE AND OTHER OPERATING CONTRACTS

Non-Reimb $1.625 16.0% Reflects lower than projected expenditures for repairs to passenger cars, utility costs, weed control and other track maintenance/repair services, lower costs for environmental services, market research and hardware/software maintenance, partially offset by hi9her NJT subsidy payments.

$5.685 9.6% Reflects lower than projected expenditures for repairs to passenger cars, miscellaneous equipment and building maintenance, utilities, weed control and other track maintenance/repair services. lower costs for environmental services, market research and Hudson Rail Link subsidy, partially offset by higher NJT subsidy payments.

Reimb $1.567 21.6% Reflects lower activity during the period on the Danbury Branch Signal System partially offset by higher activity on the Rehab/Replace Overhead Bridge program.

$2.684 9.7% Reflects lower than projected activity during the period on the Danbury Branch Signal System partially offset by higher than prOjected activity on the M-4 Remanufacture (installation of inverter kits).

PROFESSIONAL SERVICE CONTRACTS

Non-Reimb $0.536 22.2% Lower than projected legal fees, costs for security guards, data center charges. and MTA Police Services.

Reimb $0.708 84.6% Reflects lower than projected activity during the period on the NHL Fleet Replacement, Cos Cob West Substation and Smart Card Improvements projects.

$1.239 25.3% Reflects lower actiVity during the period on the Cos Cob West Substation project and the Smart Card Improvement program,

MATERIAL AND SUPPLIES Non-Reimb $5177 9.6% Lower than projected expenditures for propulsion, HVAC, and carbody components, as well as purchase of computer software equipment, electrical components. and non-cap equipment.

Reimb $2.728 89.7% Reflects lower activity during the period on the Mainline High Speed Turnouts, Cyclical Track Program, M4 Remanufacture, 525 North Broadway, NH Diesel Storage Yard, and the East Bridgeport Yard proJects,

$9.660 56.8% Reflects lower activity durin9 the period on the Cyclical Track Program. Mainline High Speed Turnouts, M-4 Remanufacture, NH Diesel Storage Yard, Harmon Shop Replacement, NHL Concrete Tie Program, NH Yard -Component Change Out Shop. East Bridgeport Yard and the Danbury Branch Signal System,

Page 25




Generic Revenue


or Reimb.


$ %

Month vs. Mid-Year Forecast

Reason for Variance


$ I %

Year to Date vs. Mid-Year Forecast

Reason for Variance

OTHER BUSINESS EXPENSES Non-Reimb $0.114 10.0% Lower than projected expenditures for travel, financial services fees. uniforms, and other miscellaneous corporate expenses.

Reimb ($0.042) n Reflects higher miscellaneous project activity during the period.

$0.442 78.6% Reflects primarily the recording of credit realized from sale of scrap material.

ENVIRONMENTAL REMEDIATION Non-Reimb $1658 32.7% Lower than anticipated environmental accruals/payments during the period.

OPERATING CAPITAL Non-Reimb $1.602 77.5% Reflects primarily lower than projected activity during the period on the Concrete Tie Replacement. renovation of office faciilties, shop equipment replacement, and various IT projects.

$1572 15.2% Reflects primanly lower than projected activity during the period on the Concrete Tie Replacement, renovation of office facilities, shop equipment replacement, and timing differences ,n expenditures for various IT projects.

Vanance exceeds 100%.

Page 26


JULY FINANCIAL PLAN - 2010 MID-YEAR FORECAST

CASH RECEIPTS AND EXPENDITURES

Receipts Farebox Receipts Toll Receipts Other Operatin9 Receipts Capital & Other Reimbursements:

MTA COOT Other Total Capital and Other Reimbursements

Total Receipts

Expenditures Labor: Payroll Overtime Health and Welfare OPEB Current Payment Pensions Other Fnnge Benefits GASB Account Reimbursable Overhead

Total Labor

Non-Labor: Traction and Propulsion Power Fuel for Buses and Trains Insurance Claims Paratransrt Service Contracts Maintenance and Other Operating Contracts Professional Service Contracts Malerials & Supplies Other BUSiness Expendrtures

Total Non-Labor

Other Adjustments: Other Other Post Employment Benefits

Total Other Adjustments

Total Expenditures

Net Cash Deficit ( excludes Opening Cash Balance)

Subsidies MTA COOT

Total Subsidies

Cash Timing and Availability Adjustment

.• Results are preliminary and subject to audit review. - DiHerences are due to rounding . • Vanance exceeds 100%

Mid-Year Forecast

$44.739 0000 5.362

8.912 9916 1.000

19.828

$69.929

$32307 5185 7.286 0.673 4632 6.580 0601 0000

$57.264

$4.543 1.367 2.280 1.012 0.000

19.527 1.956

11.311 1499

543.495

0000 0000

50.000

5100.759

(530.830)

25157 5.673

530.830

50.000

($ in millions)

August Favorable

(Unfavorable)

Actual Variance Percent

$46.466 $1.727 39 0.000 0.000 5.702 0.340 6.3

4.953 (3.959) (44.4) 7.970 (1.946) (19.6) 0.791 (0.209) (20.9)

13.714 (6.114) (30.8)

565.882 (54.047) (5.8)

$32.153 $0.154 0.5 5529 (0.344) (6.6) 7073 0213 2.9 1208 (0.535) (79.5) 4134 0.498 10.8 6821 (0.241) (3.7) 0.601 0.000 0.0 0000 0000

$57.519 ($0.255) (0.4)

$4.967 ($0.424) (9.3) 1.430 (0063) (4.6) 0050 2.230 978 0316 0696 68.8 0000 0.000

16.616 2.911 149 2214 (0258) (13.2) 7792 3.519 31.1 2.169 (0670) (44.7)

$35.554 $7.941 18.3

0000 0000 0000 0.000

SO.OOO SO.OOO

593.073 57.686 7.6

(527.191) 53.639 11.8

22206 (2.951) (11.7) 14668 8.995

536.874 S6.044 19.6

50.178 50.178

Mid-Year Forecast

$349.864 0.000

39.634

72.605 52028 10.741

135.374

5524.872

$280.922 44.905 56.517 6718

34.636 63057

4.808 0000

5491.563

$42.376 10.789 10.192 8.097 0.000

106.156 21.628 70.917 22.802

5292.957

0.000 0.000

SO.OOO

5784.520

(5259.648)

194768 56.518

5251.286

50.000

Year-to-Date Favorable

(Unfavorable)

Actual Variance Percent

$353.476 0.000

42.579

$3.612 0.000 2945

1.0

7.4

65.865 50.168 11.283

127.316

5523.371

(6.740) (1.860) 0.542

(8.058)

($1.501)

(9.3) (3.6) 5.0

(6.0)

(0.3)

$281.322 ($0 400) (0.1) 45366 (0.461 ) (1.0) 56.069 0.448 0.8

8.359 (1.641) (24.4) 33163 1473 4.3 64277 (1.220) (1.9)

4.808 0.000 0.0 0000 0000

$493.364 (51.801) (0.4)

$41.407 $0969 2.3 10983 (0.194) (1.8) 10.308 (0.116) (1.1) 6.581 1516 187 0000 0.000

91.210 14946 14.1 20.058 1570 73 53101 17.816 25.1 24.032 (1.230) (5.4)

5257.680 S35.277 12.0

0.000 0000 0000 0000

SO.OOO 50.000

5751.044 S33.476 4.3

(5227.673) S31.975 12.3

170.171 (24.597) (12.6) 55.032 (1.486) (2.6)

5225.203 (526.083) (10.4)

54.206 54.206

Page 27

MTA METRO·NORTH RAILROAD JULY FINANCIAL PLAN - 2009 MID YEAR FORECAST

CASH RECEIPTS AND EXPENDITURES EXPLANATION OF VARIANCE BETWEEN FORECAST AND ACTUAL RESULTS

($ in millions)

Taole 5

Generic Receipt or Expense Category


$ %

August 2010

Reason for Variance


$ %

Year-To-Date as of August 31,2010

Reason for Variance

FARE REVENUE 1.727 3.9% Higher ridership for the month.

OTHER OPERATING REVENUE 0340 6.3% Higher net GCT tenant revenues as well as higher miscellaneous receipts, partially offset by lower advertising revenue for the month.

2.945 7.4% Higher net GCT tenant revenues, partially offset by lower Amtrak reimbursements and advertising revenues during the period.

CAPITAL AND OTHER REIMBURSEMENTS: MTA (3959) (44.4%) Receipt timing differences (6.740) (93%) Lower project activity as well as receipt timing differences.

COOT

OTHER

(1.946)

(0.209)

(196%) Lower project activity, partially offset by receipt timing differences.

(20.9%) Lower project activity. 0.542 5.0% Receipt tlmln9 differences.

OVERTIME (0.344) (6.6%) Primarily due to higher capital project ovenime requirements.

OPEB CURRENT PAYMENT (0.535) (79.5%) Higher payments for reltrement health benefits. (1.641) (24.4%) Higher payments for retirement health benefits

PENSIONS 0.498 10.8% Lower payments to the MTA Defined Benefit Plan.

TRACTION AND PROPULSION POWER (0.424 ) (9.3%) Higher usage and price on the Harlem & Hudson Lines, and higher usage on the New Haven Line, partially offset by lower price on the New Haven Line

INSURANCE 2.230 97.8% Payment timing differences for station liability, automobile, and force account premiums paid the previous month.

CLAIMS 0696 68.8% Lower personal injury settlements for the month. 1.516 18.7% Lower personal injury settlements during the period.

MAINTENANCE & OTHER OPERATING CONTRACTS

2.911 14.9% Lower capital project activity, payment timing differences for equipment overhaul and computer maintenance, and lower weed control, environmental remediation and miscellaneous services, partially offset by higher payments dunng the month for New Jersey Transit subsidy, real estate administration, and telephone costs.

14.946 14.1% Lower payments In the period for capital project activity (primarrly Danbury Signal System, NHL End Door Bomb Coach Overhaul, Concrete Tie Replacement), and lower expenditures for equipment overhauls, weed control, cleaning & sanitary, track maintenance, environmental services, and other various miscellaneous contract services.

Page 28

MTA METRO-NORTH RAILROAD JULY FINANCIAL PLAN - 2009 MID YEAR FORECAST

CASH RECEIPTS AND EXPENDITURES EXPLANATION OF VARIANCE BETWEEN FORECAST AND ACTUAL RESULTS

($ in millions)

Table 5

Generic Receipt or Expense Category

PROFESSIONAL SERVICE CONTRACTS

August 2010


$ % Reason for Variance

(0.258) (13.2%) Payment timing difference for capital engineering services and intercompany charges, partially offset by lower legal fees, data center, and miscellaneous services.


$ %

1570 7.3%

Year-To-Date as of August 31, 2010

Reason for Variance

Lower capital project activity, payment timing differences for data center charges, and lower legal fees, employee training and miscellaneous services, partially offset by higher payments during the period for advertising and occupational health services.

MATERIALS & SUPPLIES 3519 311% Lower than projected expenditures for capital-related material, (mainline high speed turnouts, cyclical track work material, M-4 remanufacture components, New Haven Concrete Tie program, 525 North Broadway), as well as lower propulsion system components and other material purchases during the month.

17.816 25.1% Lower than forecasted purchases of capital-related material (cyclical track work material, New Haven Diesel Storage Yard, High-speed Turnouts, Harmon Shop replacement plan, M-4 remanufacture components, Danbury Branch signal system, NHL concrete tie program) as well as lower propulsion, car body, truck & suspension system components, petroleum based products, computer software and equipment, office furniture and equipment, as well as other material purchases during the period.

OTHER BUSINESS EXPENSES (0670) (44.7%) Timing differences in health club membership payments (forecasted in JUly, paid In August), and higher pass-through and miscellaneous disbursements.

(1.230) (5A%) Higher miscellaneous disbursements as well as higher Metro-Card and other pass-through payments.

MTA SUBSIDY RECEIPTS (2951) (11.7%) Lower subsidy draw due to higher COOT subsidy payments in the month and a lower net cash deficit, partially offset by an unfavorable change in available cash balance.

(24.597) (12.6%) Lower SUbsidy draw due to a lower net cash deficit, partially offset by lower COOT subsidy payments, and an unfavorable change in available bank balance

COOT SUBSIDY RECEIPTS 8995 Payment timing differences. (1A86) (2.6%)

TOTAL SUBSIDY RECEIPTS 6.044 19.6% (26.083) (10A%)

Page 29


JULY FINANCIAL PLAN - 2010 MID-YEAR FORECAST

CASH CONVERSION (CASH FLOW ADJUSTMENT) ($ in millions)

August Year-to-Date Favorable Favorable

(Unfavorable) (U nfavorable) Mid-Year Mid-Year Forecast Actual Variance Percent Forecast Actual Variance Percent

Receipts

Farebox Revenue $0.624 $1.626 $1.002 · $5.994 $7.534 $1.540 25.7 Toll Revenue 0.000 0.000 0.000 0.000 0.000 0.000

Other Operating Revenue 2268 2393 0.125 55 11.340 12.495 1.155 10.2 Capita/ & Other Reimbursements: 0000 0.000

MTA (0.271 ) (3.029) (2.758) 8.452 4.718 (3.734) (44.2) COOT (1.890) 2.257 4.147 (3.410) 9.853 13.264 Other (0.838) (3.809) (2.971) (0.151) (1542) (1391) Total Capital and Other Reimbursements (2.998) (4.580) (1.582) (52.8) 4.891 13.030 8.139

Total Revenue/Receipts ($0.106) ($0.562) ($0.456) · $22.225 $33.058 $10.833 48.7

Expenditures Labor' Payroll $4179 $4.317 $0.138 33 $5.993 $4.996 ($0997) (16.6) Overtime 0564 0.934 0.370 656 (0.552) (0.297) 0.255 46.3 Health and Welfare (0176) (0.184) (0.008) (4.6) (1.904) (2555) (0 651) (34.2) OPEB Current Payment 0015 (0153) (0.168) (0.060) (0229) (0169) Pensions (0.594) (0047) 0.547 92.1 (2.901) (1.427) 1.474 50.8 Other Fringe Benefits 0831 0.703 (0.129) (155) (4805) (5869) (1064) (22.1) GASB Account (0601) (0.601 ) 0.000 00 (4.808) (4808) 0000 0.0 Reimbursable Overhead 0102 (0.170) (0272) (O.981) (1352) (0.366) (37.1)

Total Labor $4.321 $4.798 $0.477 11.0 ($10.023) ($11.541) (51.518) (15.1)

Non-Labor: Traction and Propulsion Power $0150 ($0038) ($0188) ($1634) ($0.011 ) $1.623 993 Fuel for Buses and Trarns 0000 0.000 (0.000) (357) 0100 0.000 (0100) (100.0) Insurance (1.014) 1209 2.223 · (0.578) (0796) (0218) (37.7) Claims (0.174) (0.078) 0096 553 (1.363) (0.499) 0865 63.4 Paratransit Service Contracts 0000 0000 0.000 0000 0000 0000 Maintenance and Other Operating Contracts (2.107) (2.389) (0.282) (13.4) (19.066) (12.489) 6.577 345 Professional Service Contracts 1300 (0202) (1.502) 2.328 2.115 (0.214) (9.2) Materials & Supplies (1.226) (0.226) 1000 81.5 0.004 2983 2.979 Other Business Expenses (0.332) (1.074) (0.742) · (12.586) (14542) (1.956) (15.5)

Total Non-Labor (53.403) (52.797) $0.606 17.8 (532.794) ($23.238) 59.556 29.1

Other Adjus/ments: Other 0.000 0000 0.000 0.000 0000 0.000

Total Other Adjustments $0.000 50.000 $0.000 $0.000 $0.000 $0.000

Total Expenditures Adjustments before Non-Cash Liability Adjs. $0.918 $2.000 $1.083 · ($42.817) ($34.779) $8.038 18.8

Depreciation 17.470 17.407 (0.063) 0.4 139553 140.659 1106 (0.8) OPES Obligation 5.250 5.250 0000 00 42.000 42.000 0000 0.0 Environmental Remediation 0000 0000 0000 5.072 3.413 (1.658) 32.7

Total Expenditures Adjustments $23.638 $24.657 $1.020 4.3 $143.809 $151.293 $7.485 5.2

Total Cash Conversion Adjustments $23.532 $24.095 $0.564 2.4 $166.033 5184.351 $18.318 11.0

- Results are prelimrnary and subject to audit review. -- Differences are due to rounding . • Variance exceeds 100%.

Page 30

MTA METRO-NORTH RAILROAD 2010 MID-YEAR FORECAST VS. ACTUALS

TOTAL FULL-TIME POSITIONS AND FULL-TIME EQUIVALENTS (1) August 31, 2010

De2.artment

Administration President Labor Relations Safety Corporate Communications Legal Claims Services Environmental Compliance & Serv VP Administration VP Human Resources Human Resources Training Employee Relations & Diversity VP Planning & Development Operations Planning & Analysis Capital Planning & Programming Business Development & Facilities Long Range Planning VP Finance & Information Systems Controller Information Technology Budget Customer Service (2) Corporate

Total Administration

Operations Operations Administration Operations Services Metro-North West

Total Operations

Maintenance GCT Maintenance of Equipment Maintenance of Way Procurement & Material Mgmt

Total Maintenance

Engineering/Capital Project Budget Construction Management Engineering & Design

Total Engineering/Capital

Total Positions

Non-Reimbursable Reimbursable

Total Full-Time Total Full-Time-Equivalents (of part-time positions)

2010 Mid-Year Forecast

3 10 16 17 16 12

7 2 3

34 18 4 2

17 14 20 10 2

105 94 14

221

641

49 1,729

27 1,805

340 1,263 1,540

160 3,303

35 64 99

5,848

5,232 616

5,847 1

Favorable (Unfavorable)

Actual Variance

3 0 g 1

16 0 17 0 15 1 14 (2)

7 0 3 (1 ) 3 0

36 (2) 20 (2)

4 0 2 0

15 2 13 1 19 1 9 1 1 1

103 2 91 3 14 0

235 (14) 0

649 (8)

50 (1) 1,698 31

27 0 1,775 30

350 (10) 1,235 28 1,524 16

167 (7) 3,276 27

36 (1 ) 63 1 99 0

5,799 49

5,274 (42) 525 91

5,798 49 1 0

(1) Reflects authorized positions reduced by vacancies.

(2) Includes 2 part-time positions equal to 1 FTE. Page 31


TOTAL FULL-TIME POSITIONS AND FULL-TIME EQUIVALENTS August 31,2010

FUNCTION/OCCUPATION

2010 Mid-Year Forecast Actual


Variance

Administration Managers/Supervisors Professional, Technical, Clerical Operational Hourlies

Total Administration

46 567 28

641

45 576

28 649

1 (9)

(8)

Operations Managers/Supervisors Professional, Technical, Clerical Operational Hourlies

Total Operations

25 318

1,462 1,805

22 321

1,432 1,775

3 (3) 30 30

Maintenance Managers/Supervisors Professional, Technical, Clerical Operational Hourlies

Total Maintenance

42 1,003 2,258 3,303

53 988

2,235 3,276

(11 ) 14 24 27

Engineering/Capital Managers/Supervisors Professional, Technical, Clerical Operational Hourlies

Total Engineering/Capital

30 69

99

30 69

99

Public Safety Managers/Supervisors Professional, Technical, Clerical Operational Hourlies

Total Public Safety

Total Positions Managers/Supervisors Professional, Technical, Clerical Operational Hourlies

Total Positions

143 1,957 3,748 5,848

150 1,954 3,695 5,799

(7) 3

54 49

Page 32


TOTAL FULL-TIME POSITIONS AND FULL-TIME EQUIVALENTS August 31,2010

Agency-wide (Non-Reimbursable and ReimbursableL

2010 Mid-Year Forecast Actual


Variance Explanation of Variances

Functional Classification:

Operations

Maintenance

Administration

Engineering / Capital

Total Agency-wide Headcount

1,805

3,303

641

99

5,848

1,775

3,276

649

99

5,799

30

27

(8)

49

Higher than projected vacancies Higher than projected vacancies Lower than projected vacancies

Non-Reimbursable

Reimbursable

5,232

616

5,274

525

(42)

91

Lower than projected vacancies Higher than projected vacancies

Page 33

MTA METRO-NORTH RAILROAD� JULY FINANCIAL PLAN - 201 0 MID-YEAR FORECAST�

UTILIZATION� (in millions)�

Month of August Variance Year-to-Date August Variance Fav (Unfav) MYF Fav (Unfav) MYF

Forecast Actual Amount % Forecast Actual Amount % Farebox Revenue Harlem Line $13.013 $13.015 $0.002 00 $102.801 $102.862 $0.061 0.1 Hudson Line $9.461 $9.836 $0.375 4.0 $73.780 $74.951 $1.171 16 New Haven Line $21565 $21.917 $0352 1.6 $166.689 $167.533 $0.844 05

Total Farebox Revenue $44.039 $44.768 (I) $0729 1.7 $343.270 $345.346 (I) $2.076 0.6

Ridership Harlem Line 2.179 2.179 0.000 00 17.263 17253 (0.010) -0.1 Hudson Line 1286 1.361 0.Q75 58 10101 10.309 0.208 21 New Haven Line 3167 3207 0040 13 24384 24509 0.125 05

Total Ridership 6632 6747 0.115 1.7 51.748 52071 0323 06

(1) Excludes West of Hudson Mail & Ride revenue totaling $0.072 million for the month and $0.593 million year-to-date.

Overall ridership for the month was 6.747 million. This was 0.115 million or 1.7% higher than mid-year forecast. Ridership on the Harlem Line was on target to the mid-year forecast, 5.8% higher on the Hudson Line, and 1.3% higher on the New Haven Line. The Farebox revenue was $0.729 million higher than mid-year forecast for the month of August.

Overall ridership for the year-to-date was 51.748 million. This was 0.323 million or 0.6% higher than mid-year forecast. Ridership on the Harlem Line was 0.1 lower than mid-year forecast, 2.1 % higher on the Hudson Line, and 0.5% higher on the New Haven Line The Farebox revenue was $2.076 million higher than mid-year forecast for the year-to-date August.

Page 34

MTA METRO-NORTH RAILROAD� JULY FINANCIAL PLAN - 2010 MID-YEAR FORECAST�

MONTHLY PERFORMANCE INDICATORS�

AUGUST 2010�

2010 MONTH

FORECAST 2009 VARIANCE

FORECAST 2009

Farebox Operating Ratio (Percent) (1) 59.2% 56.1% 61.2% 3.1% -2.0%

Cost per Passenger (2) $11.07 $11.69 $10.91 $0.62 (0.16)

Passenger Revenue/Passenger (3) $6.72 $6.72 $6.84 $0.00 (0.12)

YEAR-TO-DATE VARIANCE 2010 FORECAST 2009 FORECAST 2009

Farebox Operating Ratio (Percent) (1) 58.0% 56.9% 54.1% 1.1% 3.9%

Cost per Passenger (2) $11.31 $11.54 $11.55 $0.23 $0.24

Passenger Revenue/Passenger (3) $6.72 $6.72 $6.40 $0.00 $0.32

(1) Farebox Operating Ratio excludes Other Post Employment Benefits (Accruals) cost of $37.192M (Year to Date), MTA Police costs $11.059M (Year to Date), NHL BSC costs $555K (Year to Date) and Environmental GASB-49 (Accruals/Payments) cost of $3.413M (Year to Date).

(2) Cost per Passenger includes West of Hudson

(3) Passenger Revenue/Passenger is for East of Hudson only and Includes Bar Car Services

Page 35

METRO-NORTH

MONTHLY RIDERSHIP REPORT AUGUST 2010

Operations Planning & Analysis Department October, 2010

Page 36

August 2010 RIDERSHIP REPORT MTA METRO-NORTH RAILROAD

EXECUTIVE SUMMARY

August

• August 2010 Total Metro-North System ridership was 6.960 million vs. 6.735

million in August 2009, an increase of 225,093 passengers (+3.3%). • August 2010 East of Hudson ridership was 6.747 million vs. 6.519 million in

August 2009, an increase of 228,271 passengers (+3.5%). - Commutation ridership was +3.0% vs. 2009 - Non-Commutation ridership was +4.2% vs. 2009

• August 2010 West of Hudson ridership was 0.166 million vs. 0.165 million in

August 2009, an increase of 305 passengers (+0.2%) • August 2010 Connecting Services ridership was 0.047 million vs. 0.050

million in August 2009, a decrease of 3,483 passengers (-6.9%). Year To Date

• 2010 YTD Total Metro-North System ridership was 53.696 million vs. 53.256 million in 2009, an increase of 440,157 passengers (+0.8%).

• 2010 YTD East of Hudson ridership was 52.071 million vs. 51.564 million in

2009, an increase of 506,500 passengers (+1.0%). - Commutation ridership was -0.04% vs. 2009, - Non-Commutation ridership was +2.5% vs. 2009

• 2010 YTD West of Hudson ridership was 1.244 million vs. 1.290 million in 2009,

a decrease of 46,461 passengers (-3.6%). • 2010 YTD Connecting Services ridership was 0.381 million vs. 0.401 million in

2009, a decrease of 19,882 passengers (-5.0%).

Page 37

AUGUST RIDERSHIP

SERVICE AMOUNT PERCENT

East of Hudson (1) 6,747,243 6,518,972 228,271 3.5%West of Hudson (1) 165,730 165,425 305 0.2%METRO-NORTH RAIL RIDERSHIP 6,912,973 6,684,397 228,576 3.4%Connecting Services Provided By Metro-North Contractors (2) 46,850 50,333 (3,483) -6.9%

TOTAL MTA METRO-NORTH SYSTEM RIDERSHIP 6,959,823 6,734,730 225,093 3.3%

YTD RIDERSHIP

SERVICE AMOUNT PERCENT

East of Hudson (1) 52,071,447 51,564,947 506,500 1.0%West of Hudson (1) 1,244,254 1,290,715 (46,461) -3.6%METRO-NORTH RAIL RIDERSHIP 53,315,701 52,855,662 460,039 0.9%Connecting Services Provided By Metro-North Contractors (2) 380,776 400,658 (19,882) -5.0%

TOTAL MTA METRO-NORTH SYSTEM RIDERSHIP 53,696,477 53,256,320 440,157 0.8%

Notes:

1) 2009 ridership figures have been restated to eliminate calendar impacts on ridership.

2) Includes Hudson Rail Link, Haverstraw-Ossining Ferry and Newburgh-Beacon Ferry.

2010

AUGUST 2010

YTD CHANGE VS. 2009YTD2009

- 1 -

RIDERSHIP SUMMARYMTA METRO-NORTH RAILROAD

2010 2009AUGUST AUGUST CHANGE VS. 2009

Page 38

AUGUST RIDERSHIP

LINE AMOUNT PERCENT AMOUNT PERCENT

Harlem 2,179,564 2,179,513 51 0.0% 2,137,027 42,537 2.0%Hudson 1,360,653 1,285,859 74,794 5.8% 1,317,931 42,722 3.2%New Haven 3,207,026 3,167,240 39,786 1.3% 3,064,014 143,012 4.7%

TOTAL 6,747,243 6,632,612 114,631 1.7% 6,518,972 228,271 3.5%

YTD RIDERSHIP


Harlem 17,253,057 17,263,061 (10,004) -0.1% 17,352,002 (98,945) -0.6%Hudson 10,309,459 10,100,984 208,475 2.1% 10,291,667 17,792 0.2%New Haven 24,508,931 24,384,070 124,861 0.5% 23,921,278 587,653 2.5%

TOTAL 52,071,447 51,748,115 323,332 0.6% 51,564,947 506,500 1.0%

Note:

1) 2009 ridership figures have been restated to eliminate calendar impacts on ridership.

RIDERSHIPEAST OF HUDSON

AUGUST 2010

AUGUST AUGUST VARIANCE VS. AUGUSTCHANGE FROM 2009

ACTUAL MID-YEAR RESTATED (1)

2010 2010 MID-YEAR 2009

- 2 -

2010 2010 VARIANCE VS. 2009CHANGE FROM 2009


YTD YTD MID-YEAR YTD

Page 39

AUGUST REVENUE


Harlem $13,014,624 $13,012,998 $1,626 0.0% $12,770,586 $244,038 1.9%Hudson $9,836,376 $9,460,759 $375,617 4.0% $9,597,330 $239,046 2.5%New Haven $21,917,106 $21,565,295 $351,811 1.6% $20,850,187 $1,066,919 5.1%

TOTAL $44,768,106 $44,039,052 $729,054 1.7% $43,218,103 $1,550,003 3.6%

YTD REVENUE


Harlem $102,862,402 $102,800,682 $61,720 0.1% $96,165,841 $6,696,561 7.0%Hudson $74,950,804 $73,780,047 $1,170,757 1.6% $70,384,281 $4,566,523 6.5%New Haven $167,532,927 $166,689,144 $843,783 0.5% $159,236,285 $8,296,642 5.2%

TOTAL $345,346,133 $343,269,873 $2,076,260 0.6% $325,786,407 $19,559,726 6.0%

REVENUEEAST OF HUDSON

AUGUST 2010


ACTUAL MID-YEAR ACTUAL2010 2010 MID-YEAR 2009

- 3 -


ACTUAL MID-YEAR ACTUALYTD YTD MID-YEAR YTD

Page 40

AUGUST RIDERSHIP


Port Jervis 116,730 117,404 (674) -0.6% 119,225 (2,495) -2.1%Pascack Valley 49,000 50,547 (1,547) -3.1% 46,200 2,800 6.1%

TOTAL 165,730 167,951 (2,221) -1.3% 165,425 305 0.2%

YTD RIDERSHIP


Port Jervis 872,048 877,701 (5,653) -0.6% 930,812 (58,764) -6.3%Pascack Valley 372,206 375,634 (3,428) -0.9% 359,903 12,303 3.4%

TOTAL 1,244,254 1,253,335 (9,081) -0.7% 1,290,715 (46,461) -3.6%

Notes:

(1) NY State portion includes Port Jervis Line stations west of Suffern and Pascack Valley Line stations north of Montvale.

(2) 2009 ridership figures have been restated to eliminate calendar impacts on ridership.

RIDERSHIPAUGUST 2010

NYS PORTION OF WEST OF HUDSON SERVICE (1)



2010 2010 MID-YEAR 2009

- 4 -



YTD YTD MID-YEAR YTD

Page 41

AUGUST REVENUE


Port Jervis $897,190 $967,914 ($70,724) -7.3% $901,728 ($4,538) -0.5%Pascack Valley $273,654 $300,386 ($26,732) -8.9% $254,290 $19,364 7.6%

TOTAL $1,170,844 $1,268,300 ($97,456) -7.7% $1,156,018 $14,826 1.3%

YTD REVENUE


Port Jervis $6,762,439 $6,955,911 ($193,472) -2.8% $6,729,181 $33,258 0.5%Pascack Valley $2,124,488 $2,204,402 ($79,914) -3.6% $1,933,148 $191,340 9.9%

TOTAL $8,886,927 $9,160,313 ($273,386) -3.0% $8,662,330 $224,598 2.6%

Notes:

(1) NY State portion includes Port Jervis Line stations west of Suffern and Pascack Valley Line stations north of Montvale.

REVENUEAUGUST 2010

NYS PORTION OF WEST OF HUDSON SERVICE (1)


ACTUAL MID-YEAR ACTUAL 2010 2010 MID-YEAR 2009

- 5 -


ACTUAL MID-YEAR ACTUAL YTD YTD MID-YEAR YTD

Page 42

(a) Thru August, 2010.

(+4.0%) (-4.0%) (+1.0%)(+3.8%)2010

-6-

Perc

ent C

hang

e Fr

om P

revi

ous

Year

QUARTERLY RIDERSHIP GROWTHEAST OF HUDSON

2007 2008 2009

3.8%3.5%

5.0%

3.8%

5.1%4.5%

4.9%

1.0%

-2.3%

-3.8%

-5.8%

-3.8%

-1.4%

2.0%

2.8%

-7%

-5%

-3%

-1%

1%

3%

5%

7%

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

Page 43

AVERAGE WEEKLY RIDERSHIPEAST OF HUDSON

-7-

2007 2008 2009 2010

1.20

1.25

1.30

1.35

1.40

1.45

1.50

1.55

1.60

1.65

1.70

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D

(Mill

ions

of r

ides

)

MONTHLY AVG 12-MONTH AVG

Page 44

COMMUTATION NON-COMMUTATION INTERMEDIATE TOTALTo/From Manhattan To/From Manhattan (18%) (a) (100%) (a)

(50%) (a) (32%) (a)

(a) Percent of total market.(b) 2008 and 2009 figures reflect annual trends.

-8-

RIDERSHIP TRENDS BY MARKETEAST OF HUDSON

Perc

ent C

hang

e Fr

om P

revi

ous

Year

2.5%

4.7%

6.0%

3.8%

-5.0%

-1.4%

-5.8%

-4.0%

0.3%

1.4%2.2%

1.0%

-8.0%

-6.0%

-4.0%

-2.0%

0.0%

2.0%

4.0%

6.0%

8.0%

2008 2009 2010

Page 45

SERVICE AUGUST AUGUST AUGUST AUGUST2010 2009 2010 2009

ACTUAL RESTATED (2) AMOUNT PERCENT ACTUAL RESTATED (2) AMOUNT PERCENT

1) CONNECTING SERVICES PROVIDED BY METRO-NORTH CONTRACTORSHudson Rail Link 29,940 31,179 (1,239) -4.0% 253,895 258,448 (4,553) -1.8%Haverstraw-Ossining Ferry 9,792 10,657 (865) -8.1% 75,039 80,008 (4,969) -6.2%Newburgh-Beacon Ferry 7,118 8,497 (1,379) -16.2% 51,842 62,202 (10,360) -16.7%TOTAL 46,850 50,333 (3,483) -6.9% 380,776 400,658 (19,882) -5.0%

2) CONNECTING SERVICES PROVIDED BY METRO-NORTH PARTNERS

Bronx (NYCT)(3) 70,607 78,750 (8,143) -10.3% 562,935 612,894 (49,959) -8.2%Westchester (WCDOT, Croton Falls Shuttle) (3) 43,678 48,739 (5,061) -10.4% 359,390 400,978 (41,588) -10.4%Westchester Shuttles (WCDOT) 12,667 16,617 (3,950) -23.8% 114,023 127,124 (13,101) -10.3%Putnam (Putnam County) 258 331 (73) -22.1% 1,378 961 417 43.4%Dutchess (Dutchess Loop) 1,890 2,128 (238) -11.2% 14,860 19,807 (4,947) -25.0%Connecticut (CDOT, I-Bus, Danbury-Brewster, 82,996 76,643 6,353 8.3% 603,706 606,034 (2,328) -0.4% Ridgefield-Katonah, Greenwich & Stamford)Shore Line East (CDOT) 17,401 17,223 178 1.0% 127,141 130,998 (3,857) -2.9%Rockland (Tappan ZeeXpress) 21,994 21,213 781 3.7% 174,415 166,323 8,092 4.9%Orange (Newburgh-Beacon) 4,132 3,304 828 25.1% 33,392 31,185 2,207 7.1%TOTAL 255,623 264,948 (9,325) -3.5% 1,991,239 2,096,304 (105,065) -5.0%

COMBINED TOTAL 302,473 315,281 (12,808) -4.1% 2,372,015 2,496,962 (124,947) -5.0%

(1) Ridership reflects passengers using connecting services to travel on Metro-North only and is calculated based on a combination of passenger counts and ticket sales.

(2) 2009 ridership figures have been restated to eliminate calendar impacts on ridership.

(3) Totals exclude Westchester and NYCT Bronx connecting bus service which continues to be adversely impacted by the introduction of MetroCard in April 2007.

- 9 -

CONNECTING SERVICES RIDERSHIP REPORTAUGUST 2010 (1)

CURRENT MONTH YEAR-TO-DATE

CHANGE FROM 2009 CHANGE FROM 2009

Page 46

Documents

Financial and Ridership Report October 2010 · mta metro-north railroad financial statements - mid year forecast month ended: august 31, 2010 office of vice president of finance &