Weekday Ridership, a Crash of Cheap Economic Fluctuations in FY2012

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1 Finance & Administration Committee Fiscal Year 2012 Financial Summary and Monthly Financial Report July 2011

2 Operating Program Report l July FY2012 Operating Budget (Millions) Ridership p( (trips in thousands) Jul-10 Jul-11 Variance Jul-10 Jul-11 Variance Month Actual Actual Budget Percent Month Actual Actual Budget Prior Year Budget Revenue $ 69.8 $ 69.7 $ % Expense $ $ $ % Subsidy $ 46.1 $ 50.4 $ % Cost Recovery 60% 58% 58% 0% Metrorail 20,189 19,458 19,629-4% -1% Metrobus 10,457 10,751 9,983 3% 8% MetroAccess % -21% System Total 30,849 30,376 29,822-2% 2% YTD FY2011 FY2012 Variance Actual Actual Budget Percent YTD FY2011 FY2012 Variance Actual Actual Budget Prior Year Budget Revenue $ 69.8 $ 69.7 $ % Expense $ $ $ % Subsidy 46.1 $ $ 50.4 $ % Cost Recovery 60% 58% 58% 0% Metrorail 20,189 19,458 19,629-4% -1% Metrobus 10,457 10,751 9,983 3% 8% MetroAccess % -21% System Total 30,849 30,376 29,822-2% 2% Operating Program Highlights Rail Ridership (Avg. Weekday Ridership, 1000s) 825 As of July, Metro is on budget by $0.6 million, or 1% 775 Year to date expenditures are $0.3 million below budget: 725 Favorable items include: Services $3.8 million, Propulsion/Diesel $1.3 million, and Utilities/Insurance/Other 675 $0.8 million 625 Services are favorable due to a billing delay with a TIES contract Unfavorable items include: Personnel expenses ($2.6 million over budget), mainly due to overtime of ($1.9 million) Supplies ($3.1 million over budget) t)d due to costs for car maintenance parts that t will illb be 475 transferred to capital Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun FY2011 Actual FY2012 Budget FY2012 Actual Bus Ridership (Avg. Weekday Ridership, 1000s) Year to daterevenuesare revenues are $0.3 million abovebudget, budget, major drivers: Metro received $2.0 million in subrogation payments ($1.0 million) shortfall in passenger fare and parking revenue Advertising, fiber optics and other revenue was ($0.7 million) below budget Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun FY2011 Actual FY2012 Budget FY2012 Actual No reprogramming of the operating budget occurred in July. Operating Budget Reprogramming Status

3 Capital Program Report July FY2012 Sources of Funds (Millions) Uses of Funds (Millions) Expenditure-Based Year to Date Sources of Funds Expenditure-Based Year to Date Uses of Funds Budget Awarded Received To be Rec. Budget Obligated Obl. Exp. FY2011 CIP $844 $0 $213 $631 FY2011 CIP $844 $270 $5 32% 1% FY2012 CIP $889 $77 $77 $811 FY2012 CIP $889 $238 $10 27% 1% Obligation-Based to Date Sources of Funds Obligation-Based to Date Uses of Funds Budget Awarded Received To be Rec. Budget Obligated Obl. Exp. Safety & Security $56 $44 $0 $56 Safety & Security $56 $2 $0 0% 0% ARRA ARRA % 8% Reimbursable 100 n/a n/a n/a Reimbursable % 0% Total $212 $100 $7 $105 Total $212 $143 $4 67% 2% Capital Budget Reprogramming Status t CIP Expenditures (Millions) $140M $700M There was no capital reprogramming in July. Monthly Expenditures $120M $100M $80M $60M $40M $20M $600M $500M $400M $300M $200M $100M Cumulative Monthly Expenditures $0M Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun $0M Capital Program Highlights g FY2011 Exp. FY2012 Exp. FY2011 Cumulative Exp. FY2012 Cumulative Exp. - Ten replacement buses expecting delivery in FY2012 were received in July; a remaining 22 buses are to be delivered in August. - Major repairs were started on escalators at the McPherson Square Metrorail station. Major repairs are ongoing g on escalators at the Fort Totten Metrorail station. - Station enhancements were started at the Arlington Cemetery, Greenbelt and New York Ave-Florida Ave-Gallaudet U Metrorail stations. - Red line rehabilitation between Dupont Circle and Silver Spring Stations

4 HR Vacancy Report July FY2012 Vacancy Report Operating Vacancies Total Operating Vacancies % of total positions Departments with largest quantity of vacancies: Transit Infrastructure & Engineering Services Bus Services Rail Transportation Information Technology - 36 Capital Vacancies Total Capital Vacancies % of Capital positions Departments with largest quantity of vacancies: Transit Infrastructure t & Engineering i Services Information Technology - 36 Procurement Capital Support - 24

5 Fiscal 2012 Financials Monthly Financial Report July 2011

6 WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY MONTHLY FINANCIAL REPORT FY2012 July 2011 REPORT SECTIONS Operating Budget Revenue Ridership Expense Capital Finances Revenues Costs Projects Outstanding Debt Appendix Operating Financials Ridership and utilization analysis Capital expenditures and Reimbursable projects American Recovery & Reinvestment Act (ARRA) Safety and Security expenditures Passenger Rail Investment and Improvement Act (PRIIA) Jurisdictional balances on account Grant Activity

7 July 2011 Monthly Financial Report -- FY2012 OPERATING BUDGET Summary The financials for the first month of fiscal year FY2012 are within budget. Expenditures for July were $0.3 million favorable to budget, and revenues were also $0.3 million favorable to budget. In total, Metro is favorable to budget by one percent. Revenue for the month was $69.7 million; $64.9 million of the total was passenger revenue. Rail passenger revenue was $50.3 million, $1.3 million below budget. Bus passenger revenue was $10.7 million, $0.7 million above budget. Total expenses were $120.1 million. Expenses were favorable to budget due to below budget service, power/diesel and utility expenditures. Jul-10 Jul-11 ($ Millions) Actual Actual Budget Budget Variance Month to Date Budget Variance Variance Revenue $69.8 $69.7 $69.4 0% Expense $115.9 $120.1 $ % Subsidy $46.1 $50.4 $51.0 1% Cost Recovery 60% 58% 58% Year to Date Budget Variance Variance Revenue $69.8 $69.7 $69.4 0% Expense $115.9 $120.1 $ % Subsidy $46.1 $50.4 $51.0 1% Cost Recovery 60% 58% 58% Ridership Jul-10 Jul-11 Above/(Below) Actual Actual Budget Prior Year Budget Trips YTD Average Weekday Ridership Growth Metrorail 794, , ,751 (1%) (2%) Metrobus 416, , ,295 5% 7% MetroAccess 7,941 6,726 8,632 (15%) (22%) System Total 1,218,341 1,230,634 1,222,678 1% 1% Trips (Thousands) Fiscal Year to Date Ridership Growth Metrorail 20,189 19,458 19,629 (4%) (1%) Metrobus 10,457 10,751 9,983 3% 8% MetroAccess (18%) (21%) System Total 30,850 30,377 29,822 (2%) 2%

8 July 2011 Monthly Financial Report -- FY2012 Total rail ridership through the end of July was 19.5 million trips, 730,000 trips below the same time last fiscal year, a decrease of 3.6 percent, and below budget projections by one percent. Total monthly bus ridership through the end of July was 10.8 million trips, 294,000 trips above the same time last fiscal year, an increase of 2.8 percent, and above budget projections by 768,300 trips or 7.7 percent. Rail Total rail ridership for July was 19.5 million trips, a decrease from prior year. There were only 20 weekdays this July as compared to 21 last July, which partially accounts for the year over year variance in total monthly ridership. In addition, ridership during the July 4th holiday, which was on a Monday this year, was lower than it had been the prior three years, when the holiday fell over the weekend. Average weekday rail ridership for the month was 787,579 trips, 6,453 trips below the average one year ago, a decrease of 0.8 percent. Though rail ridership was down in weekday time periods when compared with last year, the largest percentage losses in average weekday ridership occurred in the PM peak and evening periods, declining 1.4 and 3.0 percent, respectively, when compared with the same period last year. According to the Washington DC Weather Bureau, July 2011 was the hottest month in the official history of the Washington metro area since 1871, when the Bureau started keeping records. The high temperatures had a clear impact on passengers, decreasing rail ridership. Bus Metrobus continues to trend in a positive direction; for the sixth month in a row, total monthly ridership was higher than the same period in FY2010/FY2011. Total bus ridership of 10.8 million trips in July was an increase of 294,253 trips, or 2.8 percent, above the total for last July. Average weekday ridership growth was similar, increasing an average of 20,000 trips, or 4.8 percent during weekdays. The average Saturday ridership of 212,784 trips was an increase of five percent over last July. MetroAccess MetroAccess transported 166,785 passengers during July FY2012. This represents a decrease in ridership of 17.9 percent (36,314 passengers) as compared with July of FY2011. July FY2012 ridership was 20.7 percent (43,515 passengers) below forecast. Average weekday ridership for July FY2012 was 6,726 which equates to a 15.3 percent reduction as compared with July FY2011 (7,941). Ridership growth continues to decline due to the success of recent Board policy, eligibility and travel training initiatives, and their collective impact on demand management. Operating Revenue Total revenues of $69.7 million for July were $0.3 million, or 0.4 percent, above the budgeted amount of $69.4 million. The positive revenue variance was due to Metrobus passenger revenue and subrogation collections. Revenue shortfalls included $1.3 million in rail passenger revenue, $0.4 million in MetroAccess passenger revenue and $0.2 in parking revenue. Advertising revenue was below budget by $400,000.

9 July 2011 Monthly Financial Report -- FY2012 Rail Total rail mode revenue was $58.1 million, $0.2 million over budget. Rail passenger revenue for the month was $50.3 million, $1.3 million or three percent less than budget. Passenger revenue was moderated by subrogation collection for insurance claims applied to the category of other revenue. Bus Total bus revenue for the month was $11.2 million, $0.3 million above budget or two percent. Total Metrobus passenger revenue for the month was $10.7 million, $0.7 million or seven percent above the budgeted amount of $10 million. MetroAccess July FY2012 MetroAccess passenger revenue increased 10 percent over July FY2011 to $374,816. MetroAccess monthly passenger revenue has improved since the implementation of the fare increase on February 27, Parking Parking revenue for July of $3.5 million was $200,000 below budget, but the same as the prior year. System wide parking utilization of 80 percent was one percent above utilization last July. Expenses Metro was $0.3 million, or 0.3 percent, under budget in expenditures for July. Total personnel expenses were over budget by $2.6 million. Overtime was over budget by $1.9 million mainly due to vacancies, timing in the transfer of capital labor expenses to a capital project and overall maintenance work load in Transit Infrastructure and Engineering Services (TIES) and Rail Transportation. In addition, fringe benefits were $1.6 million over budget for July. To offset this, salary and wage expenses were under budget by $890,000 primarily due to vacancies in TIES and Rail Transportation. Vacancies in training positions in the technical skills program also contributed to the favorable variance. Non-personnel expenses were under budget by $2.9 million for the month. Services were under budget by $3.8 million, mostly due to the timing of contract billing at the start of the fiscal year. The paratransit contract for MetroAccess was under budget by $689,000 as a result of decreased passenger trips. Fuel & Propulsion and Utilities were under budget by $2.5 million, as a result of lower than budgeted fuel and utility rates in TIES and Bus Services. Materials and Supplies were over budget by $3.1 million due to parts for car maintenance.

10 July 2011 Monthly Financial Report -- FY2012 CAPITAL FINANCES Sources of Funds Year-to-date sources of funds total for FY2012 is $1,001 million. As of July 31st, the amount awarded to Metro, including federal grants, totals $177 million. Revenue received year-to-date is $84 million, and represents available cash on hand. Total miscellaneous revenue consists of $68 million from Metro Matters rollover, land sales, West Falls Church insurance settlement and other Jurisdictional proceeds. Capital Revenues (dollars in millions) FY2012 Year to Date Received To be CIP Budget Awarded to Date Received Federal Grants $ 442 $ - $ - $ 442 State & Local Contributions Miscellaneous Subtotal Security - Federal Grants $ 56 $ 44 $ - $ 56 ARRA - Federal Grants $ 56 $ 56 $ 7 $ 49 Subtotal Total 1, Capital Revenue Budget 7% 6% 6% Federal Grants 44% State & Local Contributions Miscellaneous Safety & Security 38% American Recovery & Reinvestment Act

11 July 2011 Monthly Financial Report -- FY2012 As of July 31, 2011, $77 million of the Capital Improvement Program (CIP) revenue for FY2012 has been received as compared to $213 million received at this time in FY2011. Capital Revenues Year to Date Budget Variance (dollars in millions) Received To be Budget Awarded to Date Received July FY2011 $ 844 $ - $ 213 $ 631 July FY2012 $ 889 $ 77 $ 77 $ 811 Expenditure-Based programs include Metro Matters (ending in FY10) and the CIP (starting in FY11) Expenditures The capital budget for FY2012 is $1,001 million. As of July, capital spending was as follows: $295 million, or 30 percent, had been obligated and $14 million, or 1 percent, had been expended. The appendix includes budget and spending data for each capital project. Capital Spending FY2012 Year to Date (dollars in millions) Capital Improvement Program Budget Obligated Unexpended Obl. Exp. Vehicles/Vehicles Parts $ 234 $ 111 $ % 2% Rail System Infrastructure Rehab % 0% Maintenance Failities % 0% Systems and Technology % 3% Track and Structure % 2% Passenger Facilities % 1% Maintenance Equipment % 0% Other Facilities % 0% Project Management and Support % 2% Subtotal $ 889 $ 238 $ 10 $ % 1% Security Program $ 56 $ 2 $ 0 $ 56 4% 0% ARRA Program Vehicles and Vehicle Parts $ 0 $ 0 $ - $ 0 0% 0% Maintenance Facilities % 23% Passenger Facilities % 1% Safety and Security % 0% Maintenance and Repair Equipment % 0% Operations System % 0% Information Technology % 11% Miscellaneous % 0% Subtotal $ 56 $ 55 $ 4 $ 51 99% 8% Total $ 1,001 $ 295 $ 14 $ % 1% The FY2012 Capital Improvement Program had a five percent decrease in obligation rate when compared to July However, it had $5 million more in expenditures when comparing to the same period last fiscal year.

12 July 2011 Monthly Financial Report -- FY2012 Capital Spending Expenditured-Based Year to Date Budget Status (dollars in millions) Budget Obligated Unexpended Obl. Exp. Capital Improvement Program FY2011 $ 844 $ 270 $ 5 $ % 1% Capital Improvement Program FY2012 $ 889 $ 238 $ 10 $ % 1% Obligation-Based Budget Status Budget Obligated Unexpended Obl. Exp. American Recovery & Reinvestment Act $ 202 $ 199 $ 150 $ 51 98% 75% Reimbursable Projects 1,853 1,534 1, % 70% Safety & Security Projects % 7% Total $ 2,116 $ 1,739 $ 1,451 $ % 69% Obligation-Based projects do not have annual budgets As of July 31, 2011, Capital Improvement Program year-to-date expenditures are $10 million FY2012 CIP Spending ($Millions) JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN BUDGET ACTUAL CAPITAL PROJECT HIGHLIGHTS Vehicle/Vehicle Parts Metro currently has a fleet of approximately 1,500 buses, each with a fifteen-year useful life. Full production of the 52 total FY2011 replacement buses began in March and is scheduled to be completed by the end of August Ten replacement buses expecting delivery in FY2012 were received in July; a remaining 22 buses are to be delivered in August. The remaining buses are being retrofitted with safety items and changes requested during the Metro Vehicle Safety Certification process.

13 July 2011 Monthly Financial Report -- FY2012 Additionally, Metro is planning to produce 100 more replacement buses in FY2012 as well as 51 thirty (30) foot BRT buses (26 clean diesel and 25 hybrid/electric). The 100 replacement buses expect full delivery by December 2011 while the delivery of the foot buses will commence in March and be completed by May Rehabilitation, safety and reliability enhancement efforts of rail cars continued with the procurement of 2000/3000 Series compressors. Item Planned Received In Service Comments FY2011 Bus Procurement Complete delivery expected by August 2011 FY2012 Bus Procurement Delivery for all 100 buses scheduled by December 2011 FY foot BRT Buses Delivery commences in 2012 March and completed by May 2012 FY2012 MetroAccess Procurement Pilot vehicle expected in November 2011; remaining vehicles in by June 2012 Total Vehicle Procurement Passenger Facilities Elevator & Escalator Report Major repairs were started on escalators at the McPherson Square Metrorail station. Major repairs are ongoing on escalators at the Fort Totten Metrorail station. Major repairs were completed on escalators at Dupont Circle and Federal Triangle Metrorail stations. Rehabilitation/modernizations were started on escalators at the Foggy Bottom-GWU and Judiciary Square and Metrorail stations. Rehabilitation/modernizations are ongoing on escalators at the Gallery Pl-Chinatown, Metro Center (2), Farragut North, and Wheaton Metrorail stations. Rehabilitation/modernizations were completed on escalators at the Dupont Circle and Judiciary Square Metrorail stations. Station Enhancement Report Station enhancements were started at the Arlington Cemetery, Greenbelt and New York Ave-Florida Ave-Gallaudet U Metrorail stations. Station enhancements are ongoing at the Takoma (mini), Rhode Island Ave-Brentwood and Silver Spring (mini) Metrorail stations. Station enhancements were completed at the Minnesota Avenue, Suitland (mini), Naylor Road (mini), Branch Ave (mini), Deanwood and Southern Avenue (mini) Metrorail stations.

14 July 2011 Monthly Financial Report -- FY2012 Track and Structures Maintenance Red Line Track upgrades and rail fastener replacements at Van Ness-UDC to Friendship Heights Bridge rehabilitation at New York Ave-Florida Ave-Gallaudet U to Rhode Island Ave- Brentwood Rail surface smoothing at New York Ave-Florida Ave-Gallaudet U to Fort Totten Platform rehabilitation work at White Flint and Twinbrook stations Train control rooms upgrades, cable installation, tie renewal and emergency phone installations at Takoma and Forest Glen stations Ceiling repairs at Farragut North station Rail fastener replacement, emergency phone and communication cables installations at Dupont Circle to Judiciary Square Blue and Orange Lines Rail fastener replacement at Eastern Market to Stadium-Armory Blue Line Floating slab repairs and replacements at Addison Road-Seat Pleasant to Stadium- Armory New rail installation and track work at Braddock Road to Van Dorn Street Orange Line Rail and tie renewal at Vienna/Fairfax-GMU to West Falls Church-VT/UVA New rail line construction at East Falls Church to West Falls Church-VT/UVA Cross tie and insulator replacements at Vienna/Fairfax-GMU to West Falls Church- VT/UVA Yellow Lines Track work at Braddock Road to Huntington Green Line Track rehabilitation work at Navy Yard to Anacostia

15 July 2011 Monthly Financial Report -- FY2012 OUTSTANDING DEBT Metro s outstanding debt as of July 31, 2011 is $337.5 million, as shown in the table below. The Series 1993 and 2003 bonds were issued to fund the Rail Construction program. The Series 1993 bonds matured July 1, 2010 and the 2003 bonds are being repaid by semiannual debt service payments from the jurisdictions. This annual debt service expense is reported as part of the operating budget and is always included on subsidy allocation tables. The Series 2003B bonds matured July 1, The bonds were issued to increase funding for capital rehabilitation and maintenance of elevators and escalators. The debt service expense was funded from passenger fare revenue. The FY05 fare increase set aside $6 million per year in revenue to fund the debt service expense. These amounts were reported as part of the capital budget. The Series 2009A and 2009B bonds were issued to (i) pay off all of the $314.5 million in outstanding principal and interest due for Commercial Paper, and (ii) finance the capital cost components of the Metro Matters Program. The annual debt service expense will be paid by the jurisdictions that opted into the bond issuance. The $21.2 million annual debt service expense is reported as part of the capital budget and will be included on the subsidy allocation tables. The Commercial Paper Program was retired during June 2009 with proceeds of the Series 2009A bond issuance and a portion of the jurisdiction opt out receipts. There are three lines of credit available to fund operating and capital cash flow needs. During June 2011 availability on the lines of credit was reduced from $300 million to $200 million. Wachovia and Bank of America s lines of credit were each reduced from $125 million to $85 million and U.S. Bank was reduced from $50 million to $30 million. Separately, the Authority entered into a multi-year $300 million credit facility in support of the Series 7000 rail car procurement.

16 July 2011 Monthly Financial Report -- FY2012 APPENDIX July 31, 2011 Debt Type Outstanding Annual Maturity (dollars in millions) Principal Debt Service Date Bond Series 1993 $0.0 $0.0 FY2011 Bond Series 2003 $51.7 $27.5 FY2015 Subtotal $51.7 $27.5 Bond Series 2003B $0.0 $0.0 FY 2011 Bond Series 2009A $230.7 $18.7 FY2033 Bond Series 2009B $55.0 $2.5 FY2035 Subtotal $285.7 $21.2 Internal Borrowing $0.0 n/a Multiple Wachovia LOC $0.0 Varies Jun-12 Bank of America LOC $0.0 Varies Jun-12 US Bank LOC $0.0 Varies Jun-12 SMBC LOC $0.0 Varies Jun-15 Subtotal $0.0 Grand Total $337.5 Note: Annual debt service based on 1/1/2012 and 7/1/2012 payments due. Operating Financials (budget variance report, by mode) Ridership and utilization analysis monthly MetroAccess ridership by jurisdiction and Parking facility usage Capital expenditures and Reimbursable projects American Recovery & Reinvestment Act (ARRA) Safety and Security expenditures Passenger Rail Investment and Improvement Act (PRIIA) Jurisdictional balances on account Grant Activity monthly

17 MONTHLY RESULTS: Operating Financials July-11 FISCAL YEAR 2012 Dollars in Millions YEAR-TO-DATE RESULTS: Prior Year Current Year Prior Year Current Year Actual Actual Budget Variance Actual Actual Budget Variance REVENUES: Passenger Revenue $51.4 $50.3 $51.6 ($1.3) -3% Metrorail $51.4 $50.3 $51.6 ($1.3) -3% % Metrobus % (0.2) -35% MetroAccess (0.2) -35% (0.2) -5% Parking (0.2) -5% $66.8 $64.9 $65.8 ($1.0) -2% subtotal $66.8 $64.9 $65.8 ($1.0) -2% Non-Passenger Revenue $0.2 $0.1 $0.1 $0.0 0% D.C. Schools $0.2 $0.1 $0.1 $0.0 0% (0.4) -37% Advertising (0.4) -37% (0.1) -24% Joint Dev/Property Rent (0.1) -24% (0.2) -14% Fiber Optic (0.2) -14% % Other % (0.0) -77% Interest (0.0) -77% SE Closure SCR Funding $3.0 $4.9 $3.6 $1.3 35% subtotal $3.0 $4.9 $3.6 $1.3 35% 10/4/2011 $69.8 $69.7 $69.4 $0.3 0% TOTAL REVENUE $69.8 $69.7 $69.4 $0.3 0% EXPENSES: $53.2 $52.2 $53.1 $0.9 2% Salary/Wages $53.2 $52.2 $53.1 $0.9 2% $8.1 $7.0 $5.1 ($1.9) -37% Overtime $8.1 $7.0 $5.1 ($1.9) -37% (1.6) -6% Fringe Benefits (1.6) -6% % Services % (3.1) -74% Supplies (3.1) -74% % Power/Diesel/CNG % % Utilities % (0.4) -13% Insurance/Other (0.4) -13% $115.9 $120.1 $120.4 $0.3 0% TOTAL EXPENSE $115.9 $120.1 $120.4 $0.3 0% $46.1 $50.4 $51.0 $0.6 1% SUBSIDY $46.1 $50.4 $51.0 $0.6 1% Favorable/(Unfavorable) Favorable/(Unfavorable) 60% 58% 58% COST RECOVERY RATIO 60% 58% 58%

18 MONTHLY RESULTS: RAIL Operating Financials July-11 FISCAL YEAR 2012 Dollars in Millions YEAR-TO-DATE RESULTS: Prior Year Current Year Prior Year Current Year Actual Actual Budget Variance Actual Actual Budget Variance REVENUES: $51.4 $50.3 $51.6 ($1.3) -3% Passenger Fares $51.4 $50.3 $51.6 ($1.3) -3% (0.0) -24% D.C. Schools (0.0) -24% (0.2) -5% Parking (0.2) -5% % Advertising % (0.1) -24% Joint Dev/Property Rent (0.1) -24% (0.2) -14% Fiber Optic (0.2) -14% % Other % (0.0) (0.0) -100% Interest (0.0) (0.0) -100% SCR Funding $57.0 $58.1 $57.9 $0.2 0% TOTAL REVENUE $57.0 $58.1 $57.9 $0.2 0% EXPENSES: $31.5 $31.0 $31.7 $0.7 2% Salary/Wages $31.5 $31.0 $31.7 $0.7 2% $5.4 $4.5 $2.5 ($2.0) -82% Overtime $5.4 $4.5 $2.5 ($2.0) -82% (1.1) -8% Fringe Benefits (1.1) -8% % Services % (2.3) -90% Supplies (2.3) -90% % Power/Diesel/CNG % % Utilities % (2.2) -153% Insurance/Other (2.2) -153% $65.3 $69.7 $66.8 ($2.9) -4% TOTAL EXPENSE $65.3 $69.7 $66.8 ($2.9) -4% $8.4 $11.6 $8.9 ($2.7) -31% SUBSIDY $8.4 $11.6 $8.9 ($2.7) -31% Favorable/(Unfavorable) Favorable/(Unfavorable) 87% 83% 87% COST RECOVERY RATIO 87% 83% 87%

19 MONTHLY RESULTS: METROBUS Operating Financials July-11 FISCAL YEAR 2012 Dollars in Millions YEAR-TO-DATE RESULTS: Prior Year Current Year Prior Year Current Year Actual Actual Budget Variance Actual Actual Budget Variance REVENUES: $11.6 $10.7 $10.1 $0.7 7% Passenger Fares $11.6 $10.7 $10.1 $0.7 7% % D.C. Schools % (0.5) -68% Advertising (0.5) -68% % Other % (0.0) -37% Interest (0.0) -37% SE Closure SCR Funding $12.4 $11.2 $11.0 $0.3 2% TOTAL REVENUE $12.4 $11.2 $11.0 $0.3 2% EXPENSES: $21.3 $20.9 $21.0 $0.1 0% Salary/Wages $21.3 $20.9 $21.0 $0.1 0% $2.7 $2.4 $2.6 $0.1 5% Overtime $2.7 $2.4 $2.6 $0.1 5% (0.5) -5% Fringe Benefits (0.5) -5% % Services % (0.8) -52% Supplies (0.8) -52% % Power/Diesel/CNG % % Utilities % 1.2 (0.5) % Insurance/Other 1.2 (0.5) % $42.0 $41.5 $43.8 $2.3 5% TOTAL EXPENSE $42.0 $41.5 $43.8 $2.3 5% $29.6 $30.3 $32.8 $2.5 8% SUBSIDY $29.6 $30.3 $32.8 $2.5 8% Favorable/(Unfavorable) Favorable/(Unfavorable) 30% 27% 25% COST RECOVERY RATIO 30% 27% 25%

20 MONTHLY RESULTS: REGIONAL BUS Operating Financials July-11 FISCAL YEAR 2012 Dollars in Millions YEAR-TO-DATE RESULTS: Prior Year Current Year Prior Year Current Year Actual Actual Budget Variance Actual Actual Budget Variance REVENUES: $9.7 $8.8 $8.3 $0.5 7% Passenger Fares $9.7 $8.8 $8.3 $0.5 7% % D.C. Schools % (0.5) -68% Advertising (0.5) -68% % Other % (0.0) -37% Interest (0.0) -37% SE Closure SCR Funding $10.5 $9.3 $9.2 $0.1 2% TOTAL REVENUE $10.5 $9.3 $9.2 $0.1 2% EXPENSES: $17.7 $17.3 $17.4 $0.1 0% Salary/Wages $17.7 $17.3 $17.4 $0.1 0% $2.2 $2.0 $2.1 $0.1 5% Overtime $2.2 $2.0 $2.1 $0.1 5% (0.4) -5% Fringe Benefits (0.4) -5% % Services % (0.6) -52% Supplies (0.6) -52% % Power/Diesel/CNG % % Utilities % 1.0 (0.4) % Insurance/Other 1.0 (0.4) % $34.8 $34.3 $36.1 $1.9 5% TOTAL EXPENSE $34.8 $34.3 $36.1 $1.9 5% $24.3 $24.9 $27.0 $2.0 7% SUBSIDY $24.3 $24.9 $27.0 $2.0 7% Favorable/(Unfavorable) Favorable/(Unfavorable) 30% 27% 25% COST RECOVERY RATIO 30% 27% 25%

21 MONTHLY RESULTS: NON-REGIONAL BUS Operating Financials July-11 FISCAL YEAR 2012 Dollars in Millions YEAR-TO-DATE RESULTS: Prior Year Current Year Prior Year Current Year Actual Actual Budget Variance Actual Actual Budget Variance REVENUES: $1.9 $1.9 $1.8 $0.1 7% Passenger Fares $1.9 $1.9 $1.8 $0.1 7% Other, SE Closure $1.9 $1.9 $1.8 $0.1 7% TOTAL REVENUE $1.9 $1.9 $1.8 $0.1 7% EXPENSES: $3.6 $3.7 $3.7 $0.0 0% Salary/Wages $3.6 $3.7 $3.7 $0.0 0% $0.5 $0.4 $0.4 $0.0 5% Overtime $0.5 $0.4 $0.4 $0.0 5% (0.1) -5% Fringe Benefits (0.1) -5% % Services % (0.1) -52% Supplies (0.1) -52% % Power/Diesel/CNG % % Utilities %.2 (.1) % Insurance/Other.2 (.1) % $7.2 $7.3 $7.7 $0.4 5% TOTAL EXPENSE $7.2 $7.3 $7.7 $.4 5% $5.3 $5.3 $5.9 $0.5 9% SUBSIDY $5.3 $5.3 $5.9 $0.5 9% Favorable/(Unfavorable) Favorable/(Unfavorable) 26% 26% 23% COST RECOVERY RATIO 26% 26% 23%

22 MONTHLY RESULTS: METROACCESS Operating Financials July-11 FISCAL YEAR 2012 Dollars in Millions YEAR-TO-DATE RESULTS: Prior Year Current Year Prior Year Current Year Actual Actual Budget Variance Actual Actual Budget Variance REVENUES: $0.4 $0.3 $0.5 ($0.2) -35% Passenger Fares $0.4 $0.3 $0.5 ($0.2) -35% Other $0.4 $0.3 $0.5 ($0.2) -35% TOTAL REVENUE $0.4 $0.3 $0.5 ($0.2) -35% EXPENSES: $0.4 $0.3 $0.4 $0.1 30% Salary/Wages $0.4 $0.3 $0.4 $0.1 30% $0.0 $0.0 $0.0 $0.0 61% Overtime $0.0 $0.0 $0.0 $0.0 61% % Fringe Benefits % % Services % 0.0 (0.0) % Supplies 0.0 (0.0) % % Utilities % % Insurance/Other % $8.6 $8.8 $9.8 $1.0 10% TOTAL EXPENSE $8.6 $8.8 $9.8 $1.0 10% $8.1 $8.5 $9.3 $0.8 9% SUBSIDY $8.1 $8.5 $9.3 $0.8 9% Favorable/(Unfavorable) Favorable/(Unfavorable) 5% 4% 5% COST RECOVERY RATIO 5% 4% 5%

23 Rail Ridership (Monthly) Rail Average Fare (Monthly) Trips (Millions) FY2011 Budget Actual Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun $2.80 $2.75 $2.70 $2.65 $2.60 $2.55 $2.50 $2.45 $2.40 Budget Actual [ FY11 ] [ FY12 ] $1.5 Revenue Variance Due to Ridership $1.5 Revenue Variance Due to Average Fare $1.0 $0.5 $0.5 $0.0 $ Millions ($0.5) ($1.5) ($2.5) $ Millions ($0.5) ($1.0) ($1.5) ($2.0) ($2.5) ($3.5) ($3.0) ($3.5) [ FY10 ] [ FY11 ] [ FY12 ] [ FY10 ] [ FY11 ] [ FY12 ]

24 Bus Ridership (Monthly) Bus Average Fare (Monthly) Trips (Millions) Prior Yr Budget Actual Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun $1.20 $1.15 $1.10 $1.05 $1.00 $0.95 $0.90 $0.85 $0.80 $0.75 $0.70 $0.65 $0.60 Budget Actual [ FY11 ] [ FY12 ] $1.0 Revenue Variance Due to Ridership $1.5 Revenue Variance Due to Average Fare $0.5 $0.0 $1.0 $ Millions ($0.5) ($1.0) ($1.5) ($2.0) $ Millions $0.5 $0.0 ($0.5) ($2.5) ($3.0) ($1.0) ($3.5) ($1.5) [ FY10 ] [ FY11 ] [ FY12 ] [ FY10 ] [ FY11 ] [ FY12 ]

25 MetroAccess Ridership (Monthly) MetroAccess Average Fare (Monthly) 270, ,000 Prior Yr Budget Actual $6.00 $5.00 Budget Actual 230,000 $4.00 Trips 210, , , ,000 $3.00 $2.00 $ ,000 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun $0.00 [ FY11 ] [ FY12 ] $60,000 Revenue Variance Due to Ridership $800,000 Revenue Variance Due to Average Fare $40,000 $20,000 $600,000 $0 ($20,000) ($40,000) $400,000 ($60,000) ($80,000) $200,000 ($100,000) ($120,000) $0 ($140,000) ($160,000) ($200,000) ($180,000) ($200,000) ($400,000) [ FY10 ] [ FY11 ] [ FY12 ] [ FY10 ] [ FY11 ] [ FY12 ]

26 Parking Transactions (Monthly) Parking Average Fee (Monthly) 1,300,000 Prior Yr Budget Actual $4.00 Budget Actual 1,200,000 1,100,000 $3.75 1,000,000 $ , ,000 $ ,000 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun $3.00 [ FY11 ] [ FY12 ] $600,000 Revenue Variance Due to Transaction $450,000 Revenue Variance Due to Average Fee $400,000 $350,000 $200,000 $250,000 $0 $150,000 ($200,000) $50,000 ($400,000) ($50,000) ($600,000) ($150,000) ($800,000) ($250,000) ($1,000,000) ($350,000) ($1,200,000) ($450,000) [ FY10 ] [ FY 11 ] [ FY12 ] [ FY10 ] [ FY 11 ] [ FY12 ]

27 Ridership and Revenue Analysis: Month-to-Date July 2011 MTD Account Analysis Modal Analysis Last Year Month End Actual Budget Actual Budget Variance Actual vs Budget Month End Actual vs. Last Year Actual a. Passenger Revenue d. Metrorail Metrorail $51,370 $51,593 $50,289 ($1,304) (3%) Ridership ($448) (1%) ($1,860) (4%) Metrobus $11,624 $10,053 $10,719 $667 7% Average Fare ($856) (2%) $778 2% MetroAccess $350 $534 $348 ($186) (35%) Budget Variance ($1,304) (3%) ($1,081) (2%) Monthly Total $63,344 $62,179 $61,356 ($823) (1%) b. Ridership e. Metrobus Metrorail 20,189 19,629 19,458 (170) (1%) Ridership $774 8% $327 3% Metrobus 10,457 9,983 10, % Average Fare ($107) (1%) ($1,231) (10%) MetroAccess (44) (21%) Budget Variance $667 7% ($904) (8%) Monthly Total 30,850 29,822 30,377 $554 2% c. Average Fare f. MetroAccess Metrorail $2.54 $2.63 $2.58 ($0.04) (2%) Ridership ($111) (21%) ($63) (18%) Metrobus $1.11 $1.01 $1.00 ($0.01) (1%) Average Fare ($75) (18%) $61 21% MetroAccess $1.72 $2.54 $2.09 ($0.45) (18%) Budget Variance ($186) (35%) ($2) (1%) Monthly Total $2.05 $2.08 $2.02 ($0.07) (3%)

28 Passengers (thousands) MetroAccess Ridership by Home Jurisdiction: FY09 to FY12 Month District of Columbia Fairfax County Montgomery County Prince George's County 3,000 MetroAccess Ridership by Home Jurisdiction: FY09 to FY12 2,500 Passengers 2,000 1,500 1, Month Alexandria Arlington Fairfax City Falls Church Visitor 08/22/2011 MACS Ridership/Revenue Report July

29 WMATA PARKING FACILITY USAGE July-2011 Paid Utilization (% of Capacity) STATION/LOT LOT Y-T-D Y-T-D REGION CAP July-2011 FY12 July-2010 FY11 ` MONTGOMERY COUNTY Grosvenor 1,894 93% 93% 94% 94% White Flint 1,270 43% 43% 38% 38% Twinbrook 1,097 54% 54% 71% 71% Rockville % 100% 83% 83% Shady Grove 5,745 83% 83% 88% 88% Glenmont 1,781 95% 95% 73% 73% Wheaton % 48% 45% 45% Forest Glen % 92% 97% 97% Montgomery County Total 13,884 79% 79% 78% 78% PRINCE GEORGE'S COUNTY New Carrollton 3,519 81% 81% 91% 91% Landover 1,866 46% 46% 21% 21% Cheverly % 92% 96% 96% Addison Road 1,268 64% 64% 64% 64% Capitol Heights % 84% 82% 82% Greenbelt 3,399 80% 80% 83% 83% College Park 1,820 61% 61% 73% 73% P.G. Plaza 1,068 49% 49% 26% 26% West Hyattsville % 95% 97% 97% Southern Avenue 1,980 56% 56% 79% 79% Naylor Road % 95% 30% 30% Suitland Garage 1,890 82% 82% 77% 77% Branch Avenue 3,072 93% 93% 98% 98% Morgan Blvd % 57% 24% 24% Largo 2,200 80% 80% 65% 65% Prince George's County Total 24,383 74% 74% 73% 73% Maryland Total 38,267 76% 76% 75% 75% DISTRICT OF COLUMBIA Deanwood % 63% 23% 23% Minnesota Ave % 65% 39% 39% Rhode Island Ave % 0% 0% 0% Fort Totten % 85% 88% 88% Anacostia Garage % 62% 63% 63% District of Columbia Total 2,083 68% 68% 50% 50% Northern Virginia Huntington 3,617 84% 84% 79% 79% West Falls Church 2,009 96% 96% 101% 101% Dunn Loring 1, % 103% 106% 106% Vienna 5,169 97% 97% 96% 96% Franconia 5,069 83% 83% 89% 89% Van Dorn % 78% 116% 116% East Falls Church % 122% 124% 124% Northern Virginia Total 17,973 91% 91% 93% 93% System Total 58,323 80% 80% 79% 79%

30 Capital Project Financials Fiscal Year July 2011 Dollars in Thousands Capital Improvement Program Budget Obligated Un- Obligation Expend A. Vehicles/ Vehicle Parts Replacement of Rail Cars CIP Series Rail Car Replacement $8,000.0 $8,000.0 $0.0 $8, % 0.0% Subtotal $8,000.0 $8,000.0 $0.0 $8, % 0.0% Replacement of Buses CIP006 Bus Replacement $97,410.3 $59,776.3 $0.0 $97, % 0.0% Subtotal $97,410.3 $59,776.3 $0.0 $97, % 0.0% Rehabilitation of Rail Cars CIP Series Rail Car HVAC Rehabilitation $2,152.0 $0.6 $0.6 $2, % 0.0% CIP /3000 Series Rail Car Mid-Life Rehabilitation 3, , % 0.6% CIP067 Rail Car Safety & Reliability Enhancements 8, , , , % 13.4% CIP063 Rail Rehabilitation Program 21, , % 0.0% CIP142 Rail Lifecycle Overhaul 20, , , , % 8.3% Subtotal $56,241.7 $26,042.4 $2,926.8 $53, % 5.2% Rehabilitation of Buses CIP005 Bus Rehabilitation Program $30,081.4 $2,308.9 $77.9 $30, % 0.3% CIP008 Bus Repairables 7, , % 0.0% CIP143 Bus Lifecycle Overhaul 10, , , % 8.3% Subtotal $48,499.4 $13,023.9 $970.8 $47, % 2.0% Replacement of MetroAccess Vehicles CIP015 MetroAccess Fleet Replacement $11,558.6 $0.0 $0.0 $11, % 0.0% Subtotal $11,558.6 $0.0 $0.0 $11, % 0.0% Replacement of Service Vehicles CIP009 Service Vehicle Replacement $5,528.5 $0.0 $0.0 $5, % 0.0% Subtotal $5,528.5 $0.0 $0.0 $5, % 0.0% Rail Car Fleet Expansion CIP Series Rail Car Procurement $2,761.4 $35.8 $35.8 $2, % 1.3% Subtotal $2,761.4 $35.8 $35.8 $2, % 1.3% Bus Enhancements CIP002 Automatic Vehicle Location Equipment Replacement $4,330.4 $4,330.4 $5.4 $4, % 0.1% Subtotal $4,330.4 $4,330.4 $5.4 $4, % 0.1% Total: Vehicles/ Vehicle Parts $234,330.3 $111,208.7 $3,938.9 $230, % 1.7%

31 Capital Project Financials Fiscal Year July 2011 Dollars in Thousands Capital Improvement Program Budget Obligated Un- Obligation Expend B. Rail System Infrastructure Rehabilitation Rail Line Segment Rehabilitation CIP107 Rail Rehabilitation Tier 1: Dupont to Silver Spring $26,350.0 $26,350.0 $345.5 $26, % 1.3% CIP110 Rail Rehabilitation Tier 1: National Airport to Stadium Armory 63, , , % 0.1% Subtotal $90,132.7 $68,607.9 $426.4 $89, % 0.5% Total: Rail System Infrastructure Rehabilitation $90,132.7 $68,607.9 $426.4 $89, % 0.5% C. Maintenance Facilities Rehabilitation and Replacement of Bus Garages CIP085 Royal Street Bus Garage Replacement (Cinder Bed Road) $31,768.0 $4.6 $4.6 $31, % 0.0% CIP086 Shepherd Parkway Bus Facility 30, , % 0.0% CIP084 Southern Avenue Bus Garage Replacement 29, , % 0.0% Subtotal $91,733.2 $9.1 $9.1 $91, % 0.0% Maintenance of Bus Garages CIP119 Bus Garage Facility Repairs Tier 1: Western, Northern and Landover $25,947.2 $14,014.4 $240.8 $25, % 0.9% Subtotal $25,947.2 $14,014.4 $240.8 $25, % 0.9% Maintenance of Rail Yards CIP116 Rail Yard Facility Repairs Tier 1: Alexandria, Brentwood and New Carrollton $15,499.4 $27.3 $27.3 $15, % 0.2% Subtotal $15,499.4 $27.3 $27.3 $15, % 0.2% Rail Maintenance Facilities CIP071 Test Track & Commissioning Facility $3,000.0 $22.9 $22.9 $2, % 0.8% Subtotal $3,000.0 $22.9 $22.9 $2, % 0.8% Environmental Compliance Projects CIP010 Environmental Compliance Projects $654.9 $0.0 $0.0 $ % 0.0% CIP011 Underground Storage Tank Replacement 4, , % 1.0% Subtotal $5,131.0 $43.1 $43.1 $5, % 0.8% Maintenance Bus and Rail Facilities CIP127 Support Equipment - MTPD $1,029.8 $0.0 $0.0 $1, % 0.0% CIP145 Rail Yard Hardening and Bus Security 10, , % 0.0% CIP126 Financial Planning, Project Administration, and System Wide Infrastructure Upgrades 1, , % 0.0% Subtotal $12,475.2 $0.0 $0.0 $12, % 0.0% Expansion of Bus Garages CIP078 Bladensburg Shop Reconfiguration $6,548.8 $16.2 $1.2 $6, % 0.0% CIP038 Bus Garage Capacity Enhancements 2, , % 0.0% Subtotal $8,754.3 $16.2 $1.2 $8, % 0.0% Total: Maintenance Facilities $162,540.3 $14,133.0 $344.4 $162, % 0.2%

32 Capital Project Financials Fiscal Year July 2011 Dollars in Thousands Capital Improvement Program Budget Obligated Un- Obligation Expend Operations Support Software CIP042 Bus & Rail Asset Management Software $4,184.5 $604.3 $13.0 $4, % 0.3% CIP043 Bus Operations Support Software 1, , % 1.1% CIP044 Customer & Regional Integration 6, , , % 0.0% CIP045 Data Centers and Infrastructures 4, , , % 13.8% CIP047 Enterprise Geographic Information System 2, , % 1.0% CIP052 Network and Communications 5, , % 0.6% CIP053 Network Operations Center (NOC) % 0.0% CIP051 Police Dispatch and Records Management 1, , % 0.0% CIP140 Rail Mileage Based Asset Management 2, , % 0.0% CIP128 Data Governance and Business Intelligence 1, , % 0.0% CIP056 Rail Operations Support Software 1, , % 0.0% Subtotal $32,071.3 $4,089.1 $676.9 $31, % 2.1% Business Support Software & Equipment CIP030 Currency Processing Machines $1,456.1 $925.7 $11.5 $1, % 0.8% CIP054 Customer Electronic Communications & Outreach 3, , % 1.8% CIP046 Document Management System 1, , % 0.0% CIP049 Management Support Software 19, , , % 0.6% CIP050 Metro IT OneStop and Office Automation 1, , % 53.4% CIP103 Police Portable Radio Replacement % 0.0% CIP048 Sensitive Data Protection Technology 3, , , % 0.0% Subtotal $31,991.2 $7,623.8 $1, $30, % 36% 3.6% Rail Fare Equipment CIP091 Automatic Fare Collection Machines $1,074.8 $0.0 $0.0 $1, % 0.0% CIP031 Debit/Credit Processing Requirements $506.6 $201.9 $153.5 $ % 30.3% CIP032 Fare Media Encoders % 0.0% CIP093 Integrating regional NEXTFARE System % 0.0% CIP097 Open Bankcard and Automatic Fare Collection Systems 2, , % 0.0% Subtotal $5,365.4 $543.7 $153.5 $5, % 2.9% Total: Systems and Technology $69,427.9 $12,256.6 $1,996.1 $67, % 2.9%

33 Capital Project Financials Fiscal Year July 2011 Dollars in Thousands Capital Improvement Program Budget Obligated Un- Obligation Expend E. Track and Structures Track Rehabilitation CIP023 Third Rail Rehabilitation $5,517.4 $74.7 $74.7 $5, % 1.4% CIP089 Track Fasteners $2,053.2 $956.0 $56.1 $1, % 2.7% CIP019 Track Floating Slab Rehabilitation 1, , % 5.2% CIP021 Track Pad/Shock Absorber Rehabilitation 4, , % 4.8% CIP024 Track Rehabilitation 40, , , % 2.4% CIP022 Track Structural Rehabilitation 4, , % 1.8% CIP146 Mainline #8 Switch Replacement Program 5, , % 0.2% CIP018 Track Welding Program 2, , % 0.8% Subtotal $65,619.5 $4,994.3 $1,472.0 $64, % 2.2% Station/Tunnel Rehabilitation CIP026 Station/Tunnel Leak Mitigation $3, $157.4 $3, % 4.8% Subtotal $3,298.3 $157.4 $157.4 $3, % 4.8% Total: Track and Structures $68,917.8 $5,151.7 $1,629.3 $67, % 2.4% F. Passenger Facilities Elevator/Escalator Facilities CIP072 Elevator Rehabilitation $3,990.3 $1,817.5 $27.3 $3, % 0.7% CIP132 Elevator/Escalator Repairables 4,825.3 (6.0) (6.0) 4, % -0.1% CIP073 Escalator Rehabilitation 14, , , % 0.3% Subtotal $23,280.6 $9,176.7 $71.6 $23, % 0.3% Maintenance of Rail Station Facilities CIP138 System-wide Infrastructure Rehabilitation $55,212.8 $7,946.2 $256.9 $54, % 0.5% CIP087 Station Rehabilitation Program 7, , % 5.5% CIP150 Fire Systems 2, , % 0.0% CIP151 Station Cooling Program 3, , % 0.0% CIP152 Parking Garage Rehabilitation 1, , % 0.0% Subtotal $69,460.2 $8,375.2 $686.0 $68, % 1.0% Bicycle & Pedestrian Facilities CIP035 Bicycle & Pedestrian Facilities: Capacity Improvements $1,019.3 $0.0 $0.0 $1, % 0.0% CIP036 Replacement of Bicycle Racks & Lockers % 0.1% Subtotal $1,438.3 $0.5 $0.5 $1, % 0.0% Rail Station: Capacity/Enhancements CIP039 Core & System Capacity Project Development $3,026.5 $6.4 $6.4 $3, % 0.2% CIP074 Installation of Parking Lot Credit Card Readers 2, , % 0.0% Subtotal $5,776.6 $6.4 $6.4 $5, % 0.1% Bus Priority Corridor Improvements CIP037 Bus Priority Corridor Network Enhancements $3,553.0 $0.0 $0.0 $3, % 0.0% Subtotal $3,553.0 $0.0 $0.0 $3, % 0.0%

34 Capital Project Financials Fiscal Year July 2011 Dollars in Thousands Capital Improvement Program Budget Obligated Un- Obligation Expend Rail Station Equipment CIP099 Police Emergency Management Equipment $197.0 $0.0 $0.0 $ % 0.0% Subtotal $197.0 $0.0 $0.0 $ % 0.0% Total: Passenger Facilities $103,705.7 $17,558.8 $764.5 $102, % 0.7% G. Maintenance Equipment Rail Maintenance Equipment CIP136 FCC Radio Frequency Communication Changes $12,772.2 $10.3 $10.3 $12, % 0.1% CIP065 Geometry Vehicle 8, , , % 0.0% CIP139 NTSB Recommendations 64, , , % 0.9% CIP066 Rail Shop Repair Equipment 6, , % 0.0% CIP020 Replacement of Rail Track Signage 1, , % 2.9% CIP027 Switch Machine Rehabilitation Project % 1.7% CIP025 Track Maintenance Equipment 34, , % 0.0% CIP135 Train Control Signal 5, , % 0.0% CIP133 Wayside Work Equipment 4, , % 1.1% Subtotal $139,956.2 $8,621.2 $688.2 $139, % 0.5% Bus Repair Equipment CIP004 Bus Repair Equipment $7,176.2 $37.0 $37.0 $7, % 0.5% Subtotal $7,176.2 $37.0 $37.0 $7, % 0.5% Business Facilities Equipment CIP028 Materials Handling Equipment $138.6 $4.4 $4.4 $ % 3.2% CIP029 Warehouse Vertical Storage Units/Shelving % 0.0% Subtotal $904.6 $94.9 $4.4 $ % 0.5% Total: Maintenance Equipment $148,037.0 $8,753.1 $729.6 $147, % 0.5% H. Other Facilities Business Support Facilities CIP080 Jackson Graham Building Renovation 2, , % 0.0% CIP033 Replacement of Revenue Facility Equipment % 0.0% Subtotal $2,265.8 $0.0 $0.0 $2, % 0.0% MTPD Support Facilities CIP101 Police Substation- New District 2/Training Facility $2,524.0 $0.0 $0.0 $2, % 0.0% CIP106 Special Operations Division Facility 1, , % 0.0% Subtotal $4,150.0 $0.0 $0.0 $4, % 0.0% Total: Other Facilities $6,415.8 $0.0 $0.0 $6, % 0.0%

35 Capital Project Financials Fiscal Year July 2011 Dollars in Thousands Capital Improvement Program Budget Obligated Un- Obligation Expend I. Project Management and Support Credit Facility CIP131 Credit Facility $5,390.0 $81.6 $81.6 $5, % 1.5% Subtotal $5,390.0 $81.6 $81.6 $5, % 1.5% Total: Project Management and Support $5,390.0 $81.6 $81.6 $5, % 1.5% Grand Total: Capital Improvement Program $888,897.5 $237,751.4 $9,910.7 $878, % 1.1% Definitions Budget: The current fiscal year's total planned cash payout. Obligated: The portion of the current fiscal year's budget for payment against awarded contracts, plus the respective labor cost. : The actual cash payout that has occurred to date in the current fiscal year. Unexpended: The difference between the planned cash payout and the actual cash payout that has occurred to date in the current fiscal year.

36 Reimbursable Projects Fiscal Year July 2011 Dollars in Thousands Reimbursable Projects Budget Obligated Prior Year FY12 Total Un- Obligation Expend District of Columbia CRB0001 Anacostia Light Rail Demonstration $16,973.8 $16,530.0 $15,826.0 ($58.0) $15,768.0 $1, % 92.9% CRB0027 Brentwood Rail Yard Expansion 2, , , , % 97.9% CRB0002 DC Downtown Circulator Buses 18, , , , , % 93.6% CRB0031 DC Convention Center 29, , , , % 99.6% CRB0096 DC Station Name Changes % 99.7% CRB0119 DC Station Trailblazer Signs % 71.8% CRB0047 DC Student SmarTrip Pass % 3.4% CRB0073 Dupont Circle Artwork % 99.7% CRB0100 Georgetown Streetscape 1, , , , % 97.0% CRB0107 MCI Arena 18, , , , % 98.4% CRB0078 Minnesota Avenue Public Hearing % 40.8% CRB0036 Navy Yard Station Modification 19, , , , % 99.6% CRB0003 New York Ave. Metrorail Station 109, , , , % 99.7% CRB0004 Southeast Bus Garage Replacement 67, , , , , % 23.2% CRB0045 DC Real Time Sign Bus Shelters % 27.0% CRB0049 Union Row: U Str/Cardozo Station 1, , , , % 67.2% CRB0122 Union Station Metrorail Access and Capacity Im 2, ,550.0 CRB0052 U St Stat 14 St Bus Access Imp % 0% 100.0% 0% CRB0056 Yellow Line Extension 1, % 40.6% CRB0121 Connecticut Avenue Streetscape % CRB0005 Project Development 10, , , , , % 65.7% DC Uncommitted Funds 1, ,118.6 District of Columbia Total $304,138.2 $273,169.6 $239,583.4 $22.6 $239,606.1 $64, % 78.8% Maryland Montgomery County CRB0006 Glenmont Parking Facility Design Work $30,121.0 $15,837.1 $9,450.2 ($13.1) $9,437.1 $20, % 31.3% CRB0043 Shady Grove Rail Yard Expansion 2, , , , % 98.4% CRB0046 Silver Spring South Entrance % 65.3% CRB0007 Takoma Langley Park Center 6, , , , , % 20.0% CRB0055 White Flint Parking Structure 17, , , , % 99.9% CRB0106 Rockville MARC ADA % 42.0% CRB0116 Shady Grove Parking II CRB0062 Twinbrook Facility Relocation 1, % 52.6% Subtotal $57,968.9 $37,635.9 $31,183.5 ($13.1) $31,170.3 $26, % 53.8% Prince George's County CRB0034 Greenbelt Rail Yard Expansion 1, , , , % 96.5%