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INCOME STATEMENT FOR FEBRUARY 2004 ,,<' :..:;!";,. ~-~ ~~ty\ \\o~ \~N JOLLEY TROLLEY Month of: INCOME STATEMENT FEBRUARY 'I f'~'''m' ".tru&f ;:-y 2003-2004 REVENUE PLAN ACTUAL VARIANCE CITY GRANT 24,270 24,270 -0- FARES 10,093 8,770 (1,323) ADVERTISING 4,124 7,525 3,401 IN~EaEST INCOME 142 82 (60) CHARTERS 10,255 3,081 (7,174) OTHER INCOME 15 23 8 TOTAL REVENUE 48,899 43,751 (5,148) EXPENSE WAGES, DRIVERS 12,420 1J;St9 (1,399) WAGES, CLERICAL 2,995 1,709 1,286 WAGES, VEHICLE MAINT. 2,644 2,610 34 SALARIES, ADMIN. 3,553 3,665 (112) PAYROLL TAXES 1,804 2,359 (555) WORKERS' COMP. 1,435 216 1,219 MAINT. PARTS " REPAIR 4,218 2,632 1,586 INSURANCE 6,000 6,006 ( 6 ) FUEL 3,270 4,327 (1,057) OFFICE EXPENSE 764 169 595 PERSONNEL COSTS 645 928 (283) UTILITIES 282 413 (131) RENTALS 1,745 1,718 27 PROFESSIONAL FEES -0- 275 (275) OTHER TAXES & FEES -0- -0- -0- MISCELLANEOUS -0- -0- -0- TOTAL EXPENSE 41,775 41,614 1 61 NET CHANGE IN ASSETS 7,124 2,137 (4,987) 1r, -'-'." ~-r If! EXPLANATION OF VARIANCES. Month of FEBRUARY . 2003-2004 ITEM '.-' VARIANCE FARES (1,323) ADVERTISING 3,401 CHARTERS (7,174) '. WAGES, DRIVERS (1,399) WAGES, CLERICAL 1,286 MAINT. PARTS & REP. 1,586 WORKERS' COMPo 1,219 .FUEL OFFICE EXPENSE (1,057) 595 " EXPLANATION Hard to judge. Should get better. Strong demand and getting stronger. Anticipated realty firm did not materialize. Also, lost a $11,000 bid. Fueling cost included in thi$ account. Salaried savings reflected in this account. Hard to anticipate need for expensive parts. Need did not occur. Good experience resulted in a large rebate. .. Increase in fuel costs. Control of office charges.