Definitions
of
Financial Indicators:
Long Island Bus
Operating Revenue is the sum of Passenger Revenue and Other Revenue for MTA’s transit agencies. Operating revenue excludes reimbursement for capital expenditures or other costs directly relating to capital projects.
Passenger Revenue is derived from fares charged to and collected from users of LI Bus fixed route and paratransit services and is the primary source of Operating Revenue.
Other Revenues are all operating revenues not directly generated by transporting rail and bus passengers. Examples include: advertising; contract services provided to LIRR; and interest income.
Operating Expenses are the total costs incurred for the management and operation of LI Bus. Also known as operating costs, these include salary, wage and other payroll costs, fringe benefits, materials, energy, professional services and depreciation. These expenses include depreciation. These expenses include any direct or indirect capital costs.
Operating Deficit is the Operating Revenue minus Operating Expenses. This deficit is covered by subsidies from state and local governments and dedicated taxes. It should be noted that with the exception of B&T, all MTA agencies operate at a deficit. This is the case for virtually every public transportation agency in the United States.