FY2011 Monthly Financial Report (July 2010)

Finance & Administration Committee Information Item IV-C September 16, 2010 FY2011 Monthly Financial Report (July 2010)

Fiscal 2011 Financials Monthly Financial Report July 2010

WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY MONTHLY FINANCIAL REPORT FY2011 July 2010 REPORT SECTIONS Operating Budget Revenue Ridership Expense Capital Finances Revenues Costs Projects Outstanding Debt Appendix Operating budget variances, by mode Ridership analysis Capital expenditures, by project Capital budget and expenditures, Metro Matters and ARRA Transit Infrastructure Investment Fund Jurisdictional balances on account Grant Activity (July 2010)

July 2010 Monthly Financial Report -- FY2011 OPERATING BUDGET Summary For FY2011, the Metro Board approved a fare increase across all modes, along with several innovative changes to the Metro fare structure. The fare changes are budgeted to increase operating revenues by $108.8 million in FY2011, including $82.2 million in rail revenue, $24.7 million in bus revenue, $1.2 million in MetroAccess revenue and $0.7 million from other sources. The recently approved fare increase was implemented on June 27, 2010; July was the first full month of implementation. For this first month, not all components of the fare changes were fully completed. Technology and policy changes had to be implemented in order to support the changeover of Metro s fare collection systems from the Unified Fare Technology System (UFT) to Next-Fare Collection System (NCS). In addition to increases in the boarding and mileage charges, the maximum rail fare increased from $4.50 to $5.00, and peak period fares were extended to the period of midnight to closing on weekends. For the first time, the Board approved peakof-the-peak pricing, an additional charge on weekdays of $0.20 between the hours of 7:30 AM to 9:00 AM and from 4:30 PM to 6:00 PM, based on the starting time of the rail trip. The implementation of peak-of-the-peak pricing increases the maximum charge of a rail trip from $4.50 in Fiscal 2010 to $5.20 in Fiscal 2011 for trips paid with a SmarTrip card. For trips paid with paper farecards, an addition charge of $0.25 per trip was also adopted. Other structural changes include a reduction in the time allotted to make rail-to-bus and bus-to rail transfers from 3 to 2 hours, and changes in the prices of passes and other media, making the prices consistent with the increases in boarding charges. On Metrobus, the fare changes increased the boarding charge from $1.25 to $1.50 for Smartrip and from $1.35 to $1.70 for cash transactions, as well as increased the boarding charge on express buses. Changes to Senior, Disabled and student fares were also implemented. In addition, the price of the One-Week bus pass increased from $11.00 to $15.00, ten times the approved bus boarding fare for Smartrip of $1.50. In July Metro also completed conversion of all rail stations and parking facilities to the Next Fare system. This conversion was necessary to implement several components of the FY2011 approved fares, including peak-of-the-peak pricing, and the $0.25 surcharge for paper farecards on the rail system. The fare increase was implemented in two parts, the first fare change occurred on June 27 th for changes that could be supported in both in the legacy fare collection system of UFT and the new NCS. The additional changes of PM peak-of-the-peak pricing, additional changes to pass prices, and the implementation of the $0.25 cash/paper farecard

July 2010 Monthly Financial Report -- FY2011 fare differential were implemented on August 1 st. AM peak-of-the-peak pricing was implemented August 29 th. Ridership July ridership reports are the product of combining the results of several different data source systems to report compressive ridership results for the month. In general, there does not appear to be any significant ridership decreases beyond anticipated trends caused by the recent fare increases. It should be noted that travel patterns generally change in very subtle way and over long periods of time. There has been only four weeks of ridership results for FY2011, and the data was generated by two different systems. As more data becomes available in the months ahead, staff will disaggregate ridership and revenue changes associated with the fare increase. July 2009 July 2010 Above/(Below) Actual Actual Budget Last Year Budget Trips Average Weekday Ridership Growth Metrorail 780,547 794,032 801,943 2% (1%) Metrobus 449,755 414,100 451,153 (8%) (8%) MetroAccess 7,611 7,941 7,778 4% 2% System Total 1,237,913 1,216,073 1,260,875 (2%) (4%) Trips (Thousands) Fiscal Year to Date Ridership Growth Metrorail 20,541 20,189 20,544 (2%) (2%) Metrobus 11,660 10,398 11,442 (11%) (9%) MetroAccess 198 203 203 2% 0% System Total 32,400 30,791 32,189 (5%) (4%) Average weekday rail ridership for June was 794,000 trips, a growth rate of almost two percent above the average for FY2010 of 780,500 trips, but one percent less than budget. Total ridership for the month of 20.2 million trips was two percent below the expected ridership of 20.5 million trips. Ridership fell below expectations on Saturday and Sunday during the month with average ridership on Saturday of 393,000 trips, 14 percent below budget, and Sunday ridership of 253,600 trips, almost six percent below budget. Metrobus ridership continued the trend of FY2010 of ridership considerably below projections. For the month, average weekday bus ridership was 414,100 trips, almost 8.2 percent below budget, and almost eight percent below the same period in FY2010. Total monthly ridership was 10.4 million trips, 1 million trips below the budgeted ridership and 11 percent below last year. Saturday and Sunday ridership fell below the previous year by 11 and six percent, respectively. The economy and

July 2010 Monthly Financial Report -- FY2011 minimal change in unemployment continue to have an unfavorable impact on bus ridership. Revenues Rail passenger revenues in July were $51.4 million, a variance to the budget of $2.0 million, while bus passenger revenue had a variance of $0.7 million, with both variances tied to less than expected ridership for the month. July 2009 July 2010 ($ Millions) Actual Actual Budget Budget Variance Month to Date Budget Variance Variance Revenue $64.6 $69.8 $73.7 ($3.9) -5% Expense $117.9 $115.9 $122.9 $7.0 6% Subsidy $53.3 $46.1 $49.1 $3.1 6% Cost Recovery 55% 60% 60% Year to Date Budget Variance Variance Revenue $64.6 $69.8 $73.7 ($3.9) -5% Expense $117.9 $115.9 $122.9 $7.0 6% Subsidy $53.3 $46.1 $49.1 $3.1 6% Cost Recovery 55% 60% 60% Expenses Authority-wide operating expenses are favorable to budget by nearly $7 million for the month of July, the first month of the new fiscal year. Monthly Variance (000s) Salary $789 Wages $907 Overtime ($3,898) Fringe $1,336 Services $4,024 Materials & Supplies ($557) Fuel & Propulsion $2,201 Utilities $1,929 Casualty and Liability $26 Leases $137 Misc. $94 $6,987 Total personnel expenses are under budget by $866,000. Straight time salary and wages are under budget by $1.7 million for the month due to continued vacancies, while overtime is $3.9 million over budget. Transit Infrastructure and Engineering Services is the primary driver in overtime with a $1.9 million variance due to vacation

July 2010 Monthly Financial Report -- FY2011 coverage. In addition, bus and rail transportation are $1.6 million over budget for vacancies and leave. Fringe is $1.3 million under budget for the month. One reason is that healthcare is $788,000 under budget primarily due to lighter claims activity for CIGNA. The clothing and tool allowances are under budget by $412,000 due to timing difference between the budgeted amounts and when the expense will incur. Non-personnel expenses are under budget by a total of $7.9 million for the month. Services are under budget by $4 million; contract awards are slower than anticipated. Materials and supplies are over budget by $557,000 for the month, driven by expenditures for both bus and rail car parts. Propulsion and utilities are under budget for the month as a result of continued favorable pricing of electricity and diesel. Fuel was $2.2 million favorable and utilities were $1.9 million favorable. CAPITAL FINANCES Revenues The awarded amount includes federal grants, totaling $263 million. Revenue received to date is $285 million, and represents available cash on hand. The State and Local Contributions received total $78 million. Total revenue increased by $135 million due to the annual rollover. Costs The capital budget for FY2011 is $1,107 million. Capital spending through July is as follows: $466 million has been obligated of which $88 million has been expended. The FY2011 approved budget increased by $135 million with the annual roll-over. The appendix includes budget and spending data for each capital project. Capital Revenues (dollars in millions) FY2011 Received To be CFA Budget Awarded to Date Received Federal Grants $ 391 $ - $ - $ 391 State & Local Contributions 318 78 240 Miscellaneous 135 135 Subtotal $ 844 $ - $ 213 $ 631 Other Programs Security - Federal Grants $ 61 $ 61 $ - $ 61 ARRA - Federal Grants 202 202 72 130 Subtotal 263 263 72 191 Total $ 1,107 $ 263 $ 285 $ 822

July 2010 Monthly Financial Report -- FY2011 Capital Spending (dollars in millions) FY2011 Year to Date Capital Improvement Program Budget Obligated Expended Unexpended Obl. Exp. Vehicles/Vehicles Parts $ 338 $ 69 $ 1 $ 337 20% 0% Rail System Infrastructure Rehab 112 65 1 111 58% 1% Maintenance Failities 73 12 1 72 16% 1% Systems and Technology 85 32 0 85 37% 0% Track and Structure 76 17 1 76 22% 1% Passenger Facilities 98 65 1 97 67% 1% Maintenance Equipment 44 5 0 44 10% 1% Other Facilities 12 6-12 47% 0% Project Management and Support 5 0 0 5 8% 8% Subtotal $ 844 $ 270 $ 5 $ 839 32% 1% Security Program $ 61 $ 4 $ 1 $ 60 7% 1% ARRA Program Vehicles and Vehicle Parts $ 51 $ 50 $ 50 $ 0 100% 100% Maintenance Facilities 59 57 10 49 97% 17% Passenger Facilities 20 19 4 15 96% 22% Safety and Security 12 10 8 3 88% 70% Maintenance and Repair Equipment 26 21 4 23 79% 13% Operations System 25 24 3 22 98% 13% Information Technology 9 9 2 7 100% 23% Miscellaneous 1 - - 1 0% 0% Subtotal $ 202 $ 191 $ 82 $ 119 95% 41% Total $ 1,107 $ 466 $ 88 $ 1,018 42% 8%

July 2010 Monthly Financial Report -- FY2011 Passenger Facilities Elevator & Escalator Report Major repairs were completed on escalators at the Prince George s Plaza Metrorail station. Major repairs were ongoing at the Pentagon Metrorail station. No major repairs were initiated in July. Rehabilitation/modernizations were completed on escalators at the Bethesda, Gallery Place-Chinatown, and Virginia Square-GMU Metrorail stations; and started at the Gallery Place-Chinatown, Judiciary Square, Union Station, and Virginia Square-GMU Metrorail station. No elevator major repairs or rehabilitation/modernizations were in progress in July. Station Enhancement Report Metrorail station enhancements are ongoing at the Addison Road, Fort Totten (both the Red and Green Line portions), Prince George s Plaza, and West Hyattsville Metrorail stations. Track and Structures Maintenance Red Line Old crossties were replaced between the Shady Grove and Twinbrook Metrorail stations. Repairs to the platform at the Rockville Metrorail station were made as part of an effort to return it to a state of good repair. Maintenance is ongoing on the elevated tracks between the New York Avenue-Florida Avenue- Gallaudet U and Rhode Island Avenue-Brentwood Metrorail stations. New rail and crossties were also installed between these same two stations. Blue Line Systems that support the concrete slabs underneath the rails between the Stadium-Armory and Addison Road-Seat Pleasant Metrorail stations were replaced in an effort to maintain reliable service. Rail fasteners were replaced between the Arlington Cemetery and Foggy Bottom-GWU Metrorail stations. Blue/Yellow Lines Old rail fasteners were replaced between the Braddock Road and Pentagon City Metrorail stations. Crossties were installed and new rail was welded between the Braddock Road and Huntington Metrorail stations and the Braddock Road and Van Dorn Metrorail stations. Blue/Orange Lines Work was ongoing to replace a rail switch at the Rosslyn Metrorail station. Orange Line New rail was welded between the Stadium-Armory and Cheverly Metrorail stations.

July 2010 Monthly Financial Report -- FY2011 OUTSTANDING DEBT Metro s outstanding debt as of July 31, 2010 is $450.5 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 7/1/2010 and the 2003 bonds are being repaid by semi-annual 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 7/1/2010. 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 FY2005 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. A $125 million line of credit (LOC) with Wachovia, a $125 million line of credit with Bank of America and a $50 million line of credit with U.S. Bank fund operating and capital cash flow needs. Separately, the Metro entered into a multi-year $300 million credit facility to facilitate the Series 7000 rail car procurement.

July 2010 Monthly Financial Report -- FY2011 July 31, 2010 Debt Type Outstanding Annual Maturity (dollars in million) Principal Debt Service Date Bond Series 1993 $0.0 $0.0 FY2011 Bond Series 2003 $75.9 $15.6 FY2015 Subtotal $75.9 $15.6 Bond Series 2003B $0.0 $0.0 FY 2011 Bond Series 2009A $237.3 $18.7 FY2033 Bond Series 2009B $55.0 $2.5 FY2035 Subtotal $292.3 $21.2 Internal Borrowing $82.3 n/a Multiple Wachovia LOC $0.0 Varies Jun-11 Bank of America LOC $0.0 Varies Jun-11 US Bank LOC $0.0 Varies Jun-11 SMBC LOC $0.0 Varies Jun-15 Subtotal $82.3 Grand Total $450.5

July 2010 Monthly Financial Report -- FY2011 APPENDIX Operating Financials (budget variance report, by mode) Ridership analysis -- monthly Capital Project Financials Capital budget and expenditures, ARRA and Metro Matters Transit Infrastructure Investment Fund (TIIF) Jurisdictional balances on account Grant Activity (July 2010)

9/9/2010 MONTHLY RESULTS: Operating Financials July-10 FISCAL YEAR 2011 Dollars in Millions Prior Year Current Year Prior Year Current Year Actual Actual Budget Variance Actual Actual Budget Variance REVENUES: Passenger Revenue $43.5 $51.4 $53.3 ($2.0) -4% Metrorail $43.5 $51.4 $53.3 ($2.0) -4% 9.7 11.6 12.3 (0.7) -5% Metrobus 9.7 11.6 12.3 (0.7) -5% 0.4 0.4 0.5 (0.1) -28% MetroAccess 0.4 0.4 0.5 (0.1) -28% 4.1 3.5 4.0 (0.5) -13% Parking 4.1 3.5 4.0 (0.5) -13% $57.7 $66.8 $70.1 ($3.3) -5% subtotal $57.7 $66.8 $70.1 ($3.3) -5% Non-Passenger Revenue $0.1 $0.2 $0.2 ($0.0) 0% D.C. Schools $0.1 $0.2 $0.2 ($0.0) 0% 0.0 0.0 0.0 0.0 0% Contract Bus 0.0 0.0 0.0 0.0 0% 3.4 0.7 1.3 (0.6) -47% Advertising 3.4 0.7 1.3 (0.6) -47% 0.6 0.4 0.5 (0.2) -30% Rent 0.6 0.4 0.5 (0.2) -30% 1.1 1.1 1.2 (0.1) -8% Fiber Optic 1.1 1.1 1.2 (0.1) -8% 0.5 0.7 0.4 0.2 62% Other 0.5 0.7 0.4 0.2 62% 0.0 0.0 0.0 (0.0) -86% Interest 0.0 0.0 0.0 (0.0) -86% 0.4 0.0 0.0 0.0 SE Closure 0.4 0.0 0.0 0.0 0.7 0.0 0.0 0.0 SCR Funding 0.7 0.0 0.0 0.0 $6.9 $3.0 $3.6 ($0.6) -17% subtotal $6.9 $3.0 $3.6 ($0.6) -17% $64.6 $69.8 $73.7 ($3.9) -5% TOTAL REVENUE $64.6 $69.8 $73.7 ($3.9) -5% EXPENSES: $61.8 $61.3 $59.1 ($2.2) -4% Salary/Wages/OT $61.8 $61.3 $59.1 ($2.2) -4% 22.8 24.6 25.9 1.3 5% Fringe Benefits 22.8 24.6 25.9 1.3 5% 11.9 11.6 15.7 4.0 26% Services 11.9 11.6 15.7 4.0 26% 6.6 5.7 5.1 (0.6) -11% Supplies 6.6 5.7 5.1 (0.6) -11% 8.7 7.3 9.5 2.2 23% Power/Diesel/CNG 8.7 7.3 9.5 2.2 23% 6.1 5.4 7.6 2.2 29% Insurance/Utilities/Other 6.1 5.4 7.6 2.2 29% 0.0 0.0 0.0 0.0 Reimbursements 0.0 0.0 0.0 0.0 $117.9 $115.9 $122.9 $7.0 6% TOTAL EXPENSE $117.9 $115.9 $122.9 $7.0 6% $53.3 $46.1 $49.1 $3.1 6% SUBSIDY $53.3 $46.1 $49.1 $3.1 6% Favorable/(Unfavorable) YEAR-TO-DATE RESULTS: 55% 60% 60% COST RECOVERY RATIO 55% 60% 60% Favorable/(Unfavorable)

MONTHLY RESULTS: RAIL Operating Financials July-10 FISCAL YEAR 2011 Dollars in Millions YEAR-TO-DATE RESULTS: Prior Year Current Year Prior Year Current Year Actual Actual Budget Variance Actual Actual Budget Variance REVENUES: $43.5 $51.4 $53.3 ($2.0) -4% Passenger Fares $43.5 $51.4 $53.3 ($2.0) -4% 0.1 0.1 0.1 (0.1) -47% D.C. Schools 0.1 0.1 0.1 (0.1) -47% 4.1 3.5 4.0 (0.5) -13% Parking 4.1 3.5 4.0 (0.5) -13% 1.2 0.2 0.4 (0.2) -47% Advertising 1.2 0.2 0.4 (0.2) -47% 0.6 0.4 0.5 (0.2) -30% Rent 0.6 0.4 0.5 (0.2) -30% 1.1 1.1 1.2 (0.1) -8% Fiber Optic 1.1 1.1 1.2 (0.1) -8% 0.1 0.3 0.3 0.1 36% Other 0.1 0.3 0.3 0.1 36% 0.0 (0.0) 0.0 (0.0) -152% Interest 0.0 (0.0) 0.0 (0.0) -152% 0.1 0.0 0.0 0.0 SCR Funding 0.1 0.0 0.0 0.0 $50.9 $57.0 $59.9 ($3.0) -5% TOTAL REVENUE $50.9 $57.0 $59.9 ($3.0) -5% EXPENSES: $37.7 $37.0 $34.9 ($2.1) -6% Salary/Wages/OT $37.7 $37.0 $34.9 ($2.1) -6% 13.6 14.5 15.0 0.5 3% Fringe Benefits 13.6 14.5 15.0 0.5 3% 5.4 2.4 4.9 2.4 50% Services 5.4 2.4 4.9 2.4 50% 3.4 3.3 3.0 (0.4) -13% Supplies 3.4 3.3 3.0 (0.4) -13% 5.8 4.4 6.1 1.7 28% Power/Diesel/CNG 5.8 4.4 6.1 1.7 28% 4.5 3.7 5.5 1.7 32% Insurance/Utilities/Other 4.5 3.7 5.5 1.7 32% 0.0 0.0 0.0 0.0 Reimbursements 0.0 0.0 0.0 0.0 $70.6 $65.3 $69.2 $3.9 6% TOTAL EXPENSE $70.6 $65.3 $69.2 $3.9 6% $19.6 $8.4 $9.3 $0.9 10% SUBSIDY $19.6 $8.4 $9.3 $0.9 10% Favorable/(Unfavorable) Favorable/(Unfavorable) 72% 87% 87% COST RECOVERY RATIO 72% 87% 87%

MONTHLY RESULTS: METROBUS Operating Financials July-10 FISCAL YEAR 2011 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 $11.6 $12.3 ($0.7) -5% Passenger Fares $9.7 $11.6 $12.3 ($0.7) -5% 0.0 0.1 0.0 0.1 205% D.C. Schools 0.0 0.1 0.0 0.1 205% 2.2 0.4 0.8 (0.4) -47% Advertising 2.2 0.4 0.8 (0.4) -47% 0.1 0.2 0.1 0.1 48% Other 0.1 0.2 0.1 0.1 48% 0.0 0.0 0.0 0.0 30% Interest 0.0 0.0 0.0 0.0 30% 0.4 0.0 0.0 0.0 SE Closure 0.4 0.0 0.0 0.0 0.6 0.0 0.0 0.0 SCR Funding 0.6 0.0 0.0 0.0 $13.1 $12.4 $13.3 ($0.9) -7% TOTAL REVENUE $13.1 $12.4 $13.3 ($0.9) -7% EXPENSES: $23.7 $24.0 $24.0 $0.0 0% Salary/Wages/OT $23.7 $24.0 $24.0 $0.0 0% 9.0 9.9 10.9 0.9 8% Fringe Benefits 9.0 9.9 10.9 0.9 8% (0.3) 1.2 2.6 1.4 53% Services (0.3) 1.2 2.6 1.4 53% 3.2 2.3 2.2 (0.2) -9% Supplies 3.2 2.3 2.2 (0.2) -9% 2.9 2.9 3.4 0.5 15% Power/Diesel/CNG 2.9 2.9 3.4 0.5 15% 1.6 1.6 2.0 0.4 21% Insurance/Utilities/Other 1.6 1.6 2.0 0.4 21% 0.0 0.0 0.0 0.0 Reimbursements 0.0 0.0 0.0 0.0 $40.1 $42.0 $45.0 $3.0 7% TOTAL EXPENSE $40.1 $42.0 $45.0 $3.0 7% $27.0 $29.6 $31.7 $2.1 7% SUBSIDY $27.0 $29.6 $31.7 $2.1 7% Favorable/(Unfavorable) Favorable/(Unfavorable) 33% 30% 30% COST RECOVERY RATIO 33% 30% 30%

MONTHLY RESULTS: REGIONAL BUS Operating Financials July-10 FISCAL YEAR 2011 Dollars in Millions YEAR-TO-DATE RESULTS: Prior Year Current Year Prior Year Current Year Actual Actual Budget Variance Actual Actual Budget Variance REVENUES: $8.2 $9.6 $10.2 ($0.5) -5% Passenger Fares $8.2 $9.6 $10.2 ($0.5) -5% 0.0 0.1 0.0 0.1 205% D.C. Schools 0.0 0.1 0.0 0.1 205% 2.2 0.4 0.8 (0.4) -47% Advertising 2.2 0.4 0.8 (0.4) -47% 0.1 0.2 0.1 0.1 48% Other 0.1 0.2 0.1 0.1 48% 0.0 0.0 0.0 0.0 30% Interest 0.0 0.0 0.0 0.0 30% 0.4 (0.0) (0.0) 0.0 0% SE Closure 0.4 (0.0) (0.0) 0.0 0% 0.6 0.0 0.0 0.0 SCR Funding 0.6 0.0 0.0 0.0 $11.6 $10.4 $11.2 ($0.8) -7% TOTAL REVENUE $11.6 $10.4 $11.2 ($0.8) -7% EXPENSES: $19.9 $19.4 $19.4 $0.0 0% Salary/Wages/OT $19.9 $19.4 $19.4 $0.0 0% 7.6 8.1 8.8 0.7 8% Fringe Benefits 7.6 8.1 8.8 0.7 8% (0.2) 1.0 2.1 1.1 53% Services (0.2) 1.0 2.1 1.1 53% 2.7 1.9 1.7 (0.2) -9% Supplies 2.7 1.9 1.7 (0.2) -9% 2.4 2.3 2.8 0.4 15% Power/Diesel/CNG 2.4 2.3 2.8 0.4 15% 1.3 1.3 1.6 0.3 21% Insurance/Utilities/Other 1.3 1.3 1.6 0.3 21% 0.0 0.0 0.0 0.0 Reimbursements 0.0 0.0 0.0 0.0 $33.6 $34.0 $36.4 $2.5 7% TOTAL EXPENSE $33.6 $34.0 $36.4 $2.5 7% $22.1 $23.6 $25.3 $1.7 7% SUBSIDY $22.1 $23.6 $25.3 $1.7 7% Favorable/(Unfavorable) Favorable/(Unfavorable) 34% 31% 31% COST RECOVERY RATIO 34% 31% 31%

MONTHLY RESULTS: NON-REGIONAL BUS Operating Financials July-10 FISCAL YEAR 2011 Dollars in Millions YEAR-TO-DATE RESULTS: Prior Year Current Year Prior Year Current Year Actual Actual Budget Variance Actual Actual Budget Variance REVENUES: $1.5 $2.0 $2.1 ($0.1) -5% Passenger Fares $1.5 $2.0 $2.1 ($0.1) -5%.0.0.0.0 0% 08 Fare Inc..0.0.0.0 0%.0.0.0.0 0% SE Closure.0.0.0.0 0&% $1.5 $2.0 $2.1 ($0.1) -5% TOTAL REVENUE $1.5 $2.0 $2.1 ($0.1) -5% EXPENSES: $3.8 $4.6 $4.6 $0.0 0% Salary/Wages/OT $3.8 $4.6 $4.6 $0.0 0% 1.4 1.9 2.1 0.2 8% Fringe Benefits 1.4 1.9 2.1 0.2 8% (0.0) 0.2 0.5 0.3 53% Services (0.0) 0.2 0.5 0.3 53% 0.5 0.4 0.4 (0.0) -9% Supplies 0.5 0.4 0.4 (0.0) -9% 0.5 0.6 0.6 0.1 15% Power/Diesel/CNG 0.5 0.6 0.6 0.1 15% 0.3 0.3 0.4 0.1 21% Insurance/Utilities/Other 0.3 0.3 0.4 0.1 21%.0.0.0.0 Reimbursements.0.0.0.0 $6.4 $8.0 $8.6 $0.6 7% TOTAL EXPENSE $6.4 $8.0 $8.6 $.6 7% $4.9 $6.0 $6.4 $0.5 7% SUBSIDY $4.9 $6.0 $6.4 $0.5 7% Favorable/(Unfavorable) Favorable/(Unfavorable) 23% 25% 25% COST RECOVERY RATIO 23% 25% 25%

MONTHLY RESULTS: METROACCESS Operating Financials July-10 FISCAL YEAR 2011 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 $0.4 $0.5 ($0.1) -28% Passenger Fares $0.4 $0.4 $0.5 ($0.1) -28%.3.1.0.1 Other.3.1.0.1 $0.6 $0.4 $0.5 ($0.0) -10% TOTAL REVENUE $0.6 $0.4 $0.5 ($0.0) -10% EXPENSES: $0.4 $0.4 $0.3 ($0.1) -34% Salary/Wages/OT $0.4 $0.4 $0.3 ($0.1) -34% 0.2 0.2 0.1 (0.0) -35% Fringe Benefits 0.2 0.2 0.1 (0.0) -35% 6.7 8.0 8.2 0.2 2% Services 6.7 8.0 8.2 0.2 2% 0.0 0.0 0.0 0.0 65% Supplies 0.0 0.0 0.0 0.0 65% 0.0 0.1 0.1 0.0 28% Insurance/Utilities/Other 0.0 0.1 0.1 0.0 28% $7.3 $8.6 $8.7 $0.1 1% TOTAL EXPENSE $7.3 $8.6 $8.7 $0.1 1% $6.6 $8.1 $8.2 $0.0 1% SUBSIDY $6.6 $8.1 $8.2 $0.0 1% Favorable/(Unfavorable) Favorable/(Unfavorable) 9% 5% 6% COST RECOVERY RATIO 9% 5% 6%

Prior Yr Budget Actual Budget Actual Bus Ridership (Monthly) Bus Average Fare (Monthly) 13 $1.00 12 $0.95 Trips (Millions) 11 10 9 8 7 $0.90 $0.85 $0.80 $0.75 $0.70 $0.65 6 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun $0.60 [ FY08 ] [ FY09 ] [ FY10 ] $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 ($2.5) ($3.0) ($0.5) ($3.5) ($1.0) [ FY08 ] [ FY09 ] [ FY10 ] [ FY08 ] [ FY09 ] [ FY10 ]

PriorYr Budget Actual Budget Actual Rail Ridership (Monthly) Rail Average Fare (Monthly) 22 $2.50 Trips (Millions) 21 20 19 18 17 16 15 14 13 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun $2.40 $2.30 $2.20 $2.10 $2.00 $1.90 $1.80 [ FY08 ] [ FY09 ] [ FY10 ] $4.5 Revenue Variance Due to Ridership $4.0 Revenue Variance Due to Average Fare $3.5 $3.0 $ Millions $2.5 $1.5 $0.5 ($0.5) ($1.5) ($2.5) ($3.5) $ Millions $2.0 $1.0 $0.0 ($1.0) ($2.0) ($3.0) ($4.0) [ FY08 ] [ FY09 ] [ FY10 ] [ FY08 ] [ FY09 ] [ FY10 ]

Prior Yr Budget Actual Budget Actual MetroAccess Ridership (Monthly) MetroAccess Average Fare (Monthly) $4.00 Trips 230,000 210,000 190,000 170,000 150,000 $3.50 $3.00 $2.50 $2.00 $1.50 $1.00 130,000 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun $0.50 [ FY08 ] [ FY09 ] [ FY10 ] $100,000 Revenue Variance Due to Ridership $30,000 Revenue Variance Due to Average Fare $80,000 $60,000 $0 $40,000 $20,000 ($30,000) $0 ($20,000) ($60,000) ($40,000) ($60,000) ($90,000) ($80,000) ($120,000) [ FY08 ] [ FY09 ] [ FY10 ] [ FY08 ] [ FY09 ] [ FY10 ]

Prior Yr Budget Actual Budget Actual Parking Transactions (Monthly) Parking Average Fee (Monthly) 1,300,000 $3.90 1,200,000 1,100,000 $3.65 1,000,000 $3.40 900,000 $3.15 800,000 $2.90 700,000 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun $2.65 [ FY08 ] [ FY09 ] [ FY10 ] $400,000 Revenue Variance Due to Transaction $200,000 Revenue Variance Due to Average Fee $200,000 $0 $100,000 ($200,000) $0 ($400,000) ($600,000) ($100,000) ($800,000) ($1,000,000) ($200,000) ($1,200,000) ($300,000) [ FY08 ] [ FY 09 ] [ FY10 ] [ FY08 ] [ FY 09 ] [ FY10 ]

Capital Project Financials Fiscal 2011 - July 2010 Dollars in Thousands Capital Improvement Program - Fiscal Year 2011 Budget Obligated Expended Un- Expended Obligation Expend A. Vehicles/ Vehicle Parts Replacement of Rail Cars 1000 Series Rail Car Replacement $79,253.3 $2,370.3 $197.4 $79,055.9 3.0% 0.2% Subtotal $79,253.3 $2,370.3 $197.4 $79,055.9 3.0% 0.2% Replacement of Buses Bus Replacement $82,692.8 $40,616.6 $184.9 $82,507.8 49.1% 0.2% Subtotal $82,692.8 $40,616.6 $184.9 $82,507.8 49.1% 0.2% Rehabilitation of Rail Cars 1000 Series Rail Car HVAC Rehabilitation $6,749.8 $130.2 $10.6 $6,739.2 1.9% 0.2% 2000/3000 Series Rail Car Mid-Life Rehabilitation 6,080.8 2,789.1 8.1 6,072.7 45.9% 0.1% Rail Car Safety & Reliability Enhancements 15,892.9 8,683.1 145.2 15,747.7 54.6% 0.9% Rail Rehabilitation Program 14,992.9 2,925.9 38.1 14,954.8 19.5% 0.3% Rail Preventive Maintenance 40,861.1 1,222.1 101.8 40,759.3 3.0% 0.2% Subtotal $84,577.5 $15,750.4 $303.8 $84,273.7 18.6% 0.4% Rehabilitation of Buses Bus Rehabilitation Program $24,400.8 $729.8 $60.8 $24,340.0 3.0% 0.2% Bus Repairables 8,896.8 1,933.8 33.3 8,863.5 21.7% 0.4% Bus Preventive Maintenance 21,471.2 642.2 15.6 21,455.5 3.0% 0.1% Subtotal $54,768.8 $3,305.8 $109.8 $54,659.0 6.0% 0.2% Replacement of MetroAccess Vehicles MetroAccess Fleet Replacement $11,569.1 $482.9 $28.5 $11,540.7 4.2% 0.2% Subtotal $11,569.1 $482.9 $28.5 $11,540.7 4.2% 0.2% Replacement of Service Vehicles Service Vehicle Replacement $2,061.7 $61.7 $5.1 $2,056.5 3.0% 0.2% Subtotal $2,061.7 $61.7 $5.1 $2,056.5 3.0% 0.2% Rail Car Fleet Expansion 6000 Series Rail Car Procurement $11,224.1 $3,590.9 $20.1 $11,204.0 32.0% 0.2% Subtotal $11,224.1 $3,590.9 $20.1 $11,204.0 32.0% 0.2% Bus Enhancements Automatic Vehicle Location Equipment Replacement $9,418.7 $281.7 $23.5 $9,395.2 3.0% 0.2% Bus Camera Installation 2,340.6 2,340.6 0.0 2,340.6 100.0% 0.0% Subtotal $11,759.3 $2,622.3 $23.5 $11,735.9 22.3% 0.2% Total: Vehicles/ Vehicle Parts $337,906.5 $68,800.9 $873.1 $337,033.4 20.4% 0.3%

Capital Project Financials Fiscal 2011 - July 2010 Dollars in Thousands Capital Improvement Program - Fiscal Year 2011 Budget Obligated Expended Un- Expended Obligation Expend B. Rail System Infrastructure Rehabilitation Rail Line Segment Rehabilitation Rail Rehabilitation Tier 1: Dupont to Silver Spring $76,941.2 $63,953.2 $173.3 $76,767.9 83.1% 0.2% Rail Rehabilitation Tier 1: National Airport to Stadium Armory 34,894.7 1,381.7 86.1 34,808.7 4.0% 0.2% Subtotal $111,835.9 $65,334.9 $259.3 $111,576.6 58.4% 0.2% Total: Rail System Infrastructure Rehabilitation $111,835.9 $65,334.9 $259.3 $111,576.6 58.4% 0.2% C. Maintenance Facilities Rehabilitation and Replacement of Bus Garages Royal Street Bus Garage Replacement (Cinder Bed Road) $16,595.3 $4,372.6 $741.3 $15,854.0 26.3% 4.5% Southeastern Bus Garage Replacement (DC Village) 5,732.4 171.4 14.3 5,718.2 3.0% 0.2% Southern Avenue Bus Garage Replacement 10,533.0 315.0 26.2 10,506.8 3.0% 0.2% Subtotal $32,860.8 $4,859.1 $781.9 $32,078.9 14.8% 2.4% Maintenance of Bus Garages Bus Garage Facility Repairs Tier 1: Western, Northern and Landover $18,878.6 $564.6 $47.0 $18,831.6 3.0% 0.2% Subtotal $18,878.6 $564.6 $47.0 $18,831.6 3.0% 0.2% Maintenance of Rail Yards Rail Yard Facility Repairs Tier 1: Alexandria, Brentwood and New Carrollton $296.6 $296.6 $0.0 $296.6 100.0% 0.0% Subtotal $296.6 $296.6 $0.0 $296.6 100.0% 0.0% Rail Maintenance Facilities Test Track & Commissioning Facility $5,154.2 $154.2 $12.8 $5,141.3 3.0% 0.2% Subtotal $5,154.2 $154.2 $12.8 $5,141.3 3.0% 0.2% Environmental Compliance Projects Environmental Compliance Projects $622.6 $18.6 $10.3 $612.4 3.0% 1.6% Underground Storage Tank Replacement 2,134.8 63.8 5.3 2,129.5 3.0% 0.2% Subtotal $2,757.5 $82.5 $15.6 $2,741.9 3.0% 0.6% Maintenance Bus and Rail Facilities Support Equipment - MTPD $4,601.1 $3,586.2 $2.6 $4,598.5 77.9% 0.1% Financial Planning, Project Administration, and System Wide Infrastructure Upgrades 3,337.9 1,230.5 5.8 3,332.1 36.9% 0.2% Subtotal $7,938.9 $4,816.7 $8.3 $7,930.6 60.7% 0.1% Expansion of Bus Garages Bladensburg Shop Reconfiguration $3,092.5 $92.5 $7.7 $3,084.8 3.0% 0.2% Bus Garage Capacity Enhancements 2,215.9 690.1 3.9 2,212.1 31.1% 0.2% Subtotal $5,308.4 $782.6 $11.6 $5,296.8 14.7% 0.2% Total: Maintenance Facilities $73,195.0 $11,556.2 $877.2 $72,317.7 15.8% 1.2%

Capital Project Financials Fiscal 2011 - July 2010 Dollars in Thousands Capital Improvement Program - Fiscal Year 2011 Budget Obligated Expended Un- Expended Obligation D. Systems and Technology Power System Upgrades - Rail 8-Car Train Power Upgrades $4,123.3 $123.3 $10.3 $4,113.0 3.0% 0.2% Subtotal $4,123.3 $123.3 $10.3 $4,113.0 3.0% 0.2% Operations Support Software Bus & Rail Asset Management Software $2,722.1 $1,445.6 $2.8 $2,719.3 53.1% 0.1% Bus Operations Support Software 3,905.8 1,905.8 5.1 3,900.7 48.8% 0.1% Customer & Regional Integration 9,629.8 5,260.6 10.7 9,619.1 54.6% 0.1% Data Centers and Infrastructures 10,335.0 3,351.0 18.5 10,316.5 32.4% 0.2% Enterprise Geographic Information System 2,318.9 598.7 5.1 2,313.8 25.8% 0.2% Network and Communications 3,584.4 579.9 22.7 3,561.7 16.2% 0.6% Network Operations Center (NOC) 1,936.9 57.9 4.8 1,932.1 3.0% 0.2% Rail Mileage Based Asset Management 4,123.3 123.3 0.0 4,123.3 3.0% 0.0% Rail Operations Support Software 2,949.4 715.4 5.7 2,943.7 24.3% 0.2% Subtotal $41,505.8 $14,038.3 3 $75.5 5 $41,430.2430 33.8% 02% 0.2% Business Support Software & Equipment Currency Processing Machines $1,014.3 $30.3 $2.5 $1,011.8 3.0% 0.2% Customer Electronic Communications & Outreach 2,811.6 1,179.5 3.9 2,807.7 42.0% 0.1% Document Management System 1,546.2 46.2 3.9 1,542.4 3.0% 0.2% Management Support Software 9,002.6 6,163.3 144.2 8,858.4 68.5% 1.6% Metro IT OneStop and Office Automation 4,214.4 2,460.6 6.9 4,207.5 58.4% 0.2% Police Portable Radio Replacement 670.0 20.0 1.7 668.4 3.0% 0.2% Sensitive Data Protection Technology 6,660.8 2,769.3 11.2 6,649.6 41.6% 0.2% Subtotal $25,920.0 $12,669.3 $174.1 $25,745.8 48.9% 0.7% Rail Fare Equipment Debit/Credit Processing Requirements $1,907.0 $57.0 $4.8 $1,902.3 3.0% 0.2% Ethernet Wiring for Rail Fare Machines 1,340.1 40.1 3.3 1,336.7 3.0% 0.2% Improvements to Coin Collection Machines 2,276.1 68.1 5.7 2,270.4 3.0% 0.2% Integrating regional NEXTFARE System 6,624.8 4,748.8 4.5 6,620.3 71.7% 0.1% Open Bankcard and Automatic Fare Collection Systems 1,546.2 46.2 3.9 1,542.4 3.0% 0.2% Subtotal $13,694.2 $4,960.2 $22.1 $13,672.1 36.2% 0.2% Expend Total: Systems and Technology $85,243.2 $31,791.2 $282.0 $84,961.3 37.3% 0.3%

Capital Project Financials Fiscal 2011 - July 2010 Dollars in Thousands Capital Improvement Program - Fiscal Year 2011 Budget Obligated Expended Un- Expended Obligation Expend E. Track and Structures Track Rehabilitation Track Fasteners $2,061.7 $61.7 $5.1 $2,056.5 3.0% 0.2% Track Floating Slab Rehabilitation 1,780.8 104.8 36.0 1,744.9 5.9% 2.0% Track Pad/Shock Absorber Rehabilitation 4,510.4 250.1 0.0 4,510.4 5.5% 0.0% Track Rehabilitation 53,067.2 10,910.1 839.3 52,227.9 20.6% 1.6% Track Structural Rehabilitation 2,910.6 656.9 9.8 2,900.8 22.6% 0.3% Cheverly Abutment 7,407.4 4,307.4 8.0 7,399.4 58.1% 0.1% Track Welding Program 1,466.9 43.9 7.7 1,459.1 3.0% 0.5% Subtotal $73,204.9 $16,334.8 $905.9 $72,299.0 22.3% 1.2% Station/Tunnel Rehabilitation Station/Tunnel Leak Mitigation $3,215.5 $249.5 $9.1 $3,206.5 7.8% 0.3% Subtotal $3,215.5 $249.5 $9.1 $3,206.5 7.8% 0.3% Total: Track and Structures $76,420.4 $16,584.4 $915.0 $75,505.4 21.7% 1.2% F. Passenger Facilities Elevator/Escalator Facilities Elevator Rehabilitation $2,426.4 $146.4 $16.8 $2,409.6 6.0% 0.7% Elevator/Escalator Repairables 4,329.5 129.5 10.8 4,318.7 3.0% 0.2% Escalator Rehabilitation 6,515.9 1,960.4 521.7 5,994.2 30.1% 8.0% Subtotal $13,271.7 $2,236.3 $549.3 $12,722.4 16.8% 4.1% Maintenance of Rail Station Facilities System-wide Infrastructure Rehabilitation $67,687.6 $61,583.0 $14.9 $67,672.7 91.0% 0.0% Station Rehabilitation Program 7,759.1 232.1 19.3 7,739.7 3.0% 0.2% Subtotal $75,446.6 $61,815.1 $34.2 $75,412.4 81.9% 0.0% Bicycle & Pedestrian Facilities Bicycle & Pedestrian Facilities: Capacity Improvements $976.2 $29.2 $2.4 $973.8 3.0% 0.2% Replacement of Bicycle Racks & Lockers 456.7 13.7 1.1 455.5 3.0% 0.2% Subtotal $1,432.9 $42.9 $3.6 $1,429.3 3.0% 0.2% Rail Station: Capacity/Enhancements Core & System Capacity Project Development $515.4 $15.4 $1.3 $514.1 3.0% 0.2% Subtotal $515.4 $15.4 $1.3 $514.1 3.0% 0.2% Bus Priority Corridor Improvements Bus Priority Corridor Network Enhancements $6,132.8 $1,361.9 $5.1 $6,127.7 22.2% 0.1% Subtotal $6,132.8 $1,361.9 $5.1 $6,127.7 22.2% 0.1%

Capital Project Financials Fiscal 2011 - July 2010 Dollars in Thousands Capital Improvement Program - Fiscal Year 2011 Budget Obligated Expended Un- Expended Obligation Expend Rail Station Equipment Police Emergency Management Equipment $914.3 $27.3 $2.3 $912.1 3.0% 0.2% Subtotal $914.3 $27.3 $2.3 $912.1 3.0% 0.2% Total: Passenger Facilities $97,713.8 $65,498.8 $595.8 $97,118.0 67.0% 0.6% G. Maintenance Equipment Rail Maintenance Equipment FCC Radio Frequency Communication Changes $176.3 $5.3 $0.4 $175.8 3.0% 0.2% Geometry Vehicle 2,905.2 2,358.2 1.4 2,903.8 81.2% 0.0% NTSB Recommendations 10,308.3 308.3 25.7 10,282.6 3.0% 0.2% Rail Shop Repair Equipment 2,164.7 64.7 5.4 2,159.3 3.0% 0.2% Replacement of Rail Track Signage 1,083.9 99.9 15.4 1,068.5 9.2% 1.4% Switch Machine Rehabilitation Project 908.2 27.2 2.3 905.9 3.0% 0.2% Track Maintenance Equipment 17,981.9 9 1,206.9 43.1 17,938.8 8 67% 6.7% 02% 0.2% Train Control Signal 1,030.8 30.8 2.6 1,028.3 3.0% 0.2% Wayside Work Equipment 4,123.3 123.3 10.3 4,113.0 3.0% 0.2% Subtotal $40,682.6 $4,224.6 $106.5 $40,576.2 10.4% 0.3% Bus Repair Equipment Bus Repair Equipment $2,973.7 $323.7 $122.1 $2,851.6 10.9% 4.1% Subtotal $2,973.7 $323.7 $122.1 $2,851.6 10.9% 4.1% Business Facilities Equipment Materials Handling Equipment $157.7 $4.7 $0.4 $157.3 3.0% 0.3% Warehouse Vertical Storage Units/Shelving 675.2 20.2 1.7 673.5 3.0% 0.2% Subtotal $832.9 $24.9 $2.1 $830.8 3.0% 0.3% Total: Maintenance Equipment $44,489.2 $4,573.2 $230.7 $44,258.6 10.3% 0.5% H. Other Facilities Business Support Facilities Bus Operations Control Center $1,604.0 $1,604.0 $0.0 $1,604.0 100.0% 0.0% Jackson Graham Building Renovation 7,398.9 3,898.9 9.0 7,389.9 52.7% 0.1% Replacement of Revenue Facility Equipment 694.8 20.8 1.7 693.0 3.0% 0.2% Subtotal $9,697.7 $5,523.7 $10.7 $9,687.0 57.0% 0.1% MTPD Support Facilities Police Substation- New District 2/Special Operations Division Facility $1,295.8 $38.8 $3.2 $1,292.5 3.0% 0.2% Special Operations Division Facility 830.8 24.8 2.1 828.8 3.0% 0.2% Subtotal $2,126.6 $63.6 $5.3 $2,121.3 3.0% 0.2% Total: Other Facilities $11,824.3 $5,587.3 $16.0 $11,808.3 47.3% 0.1%

Capital Project Financials Fiscal 2011 - July 2010 Dollars in Thousands Capital Improvement Program - Fiscal Year 2011 Budget Obligated Expended Un- Expended Obligation Expend I. Project Management and Support Credit Facility Credit Facility $5,000.0 $385.0 $385.0 $4,615.0 7.7% 7.7% Subtotal $5,000.0 $385.0 $385.0 $4,615.0 7.7% 7.7% Total: Project Management and Support $5,000.0 $385.0 $385.0 $4,615.0 7.7% 7.7% Grand Total: Capital Improvement Program $843,628.4 $270,111.9 $4,434.1 $839,194.3 32.0% 0.5% 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. Expended: 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.

Approved Capital Safety & Security Program Financials Fiscal 2011 - July 2010 Dollars in Thousands FY2010 Safety & Security Program Budget Obligated Expended Un- Expended Obligation Expend Security Program Bus Garage Security $5,800.0 $2,423.4 $442.1 $5,357.9 41.8% 7.6% Cameras on Buses 6,410.0 0.0 0.0 6,410.0 0.0% 0.0% Cameras on Rail Cars 7,139.7 146.7 0.0 7,139.7 2.1% 0.0% CCV and Access Control 11,675.8 339.8 0.0 11,675.8 2.9% 0.0% Chemical Detection 1,906.0 0.0 0.0 1,906.0 0.0% 0.0% Metrorail Station Camera 2,774.0 0.0 0.0 2,774.0 0.0% 0.0% Montgomery Garage 59.9 0.0 0.0 59.9 0.0% 0.0% PG Radio Upgrade 500.0 389.5 283.5 216.5 77.9% 56.7% Platform Security 6,517.8 189.8 0.0 6,517.8 2.9% 0.0% PROTECT Systems 606.0 605.5 0.0 606.0 99.9% 0.0% Radio Redundancy AOCC 5,900.0 88.5 96.2 5,803.8 1.5% 1.6% Vent Intrusion Detection 11,500.0 0.0 0.0 11,500.0 0.0% 0.0% Total: Security Program $60,789.3 $4,183.3 $821.8 $59,967.5 6.9% 1.4%

Capital Project Financials Fiscal 2011 - July 2010 Dollars in Thousands ARRA - Fiscal Year 2010 Budget Obligated Expended Un- Expended Obligation Expend Vehicles & Vehicle Parts Replacement of Oldest Buses (ST02) $27,026.1 $27,026.1 $27,025.2 $0.8 100.0% 100.0% MetroAccess Fleet Expansion and Replacement (ST10) 3,764.2 3,760.3 3,760.3 4.0 99.9% 99.9% Service Vehicle Replacement (ST14) 5,992.7 5,992.7 5,992.7 100.0% 100.0% Bus Replacement Components (ST26) 2,673.1 2,493.0 2,487.4 185.7 93.3% 93.1% Preventative Maintenance 11,092.1 11,087.1 11,087.1 5.0 100.0% 100.0% Subtotal $50,548.2 $50,359.2 $50,352.7 $190.5 99.6% 99.6% Maintenance Facilities New Bus Budy and Paint Shop (ST04) $21,400.0 $21,106.9 $4,301.3 $17,098.7 98.6% 20.1% Replacement of Southeastern Bus Garage (ST05) 30,000.0 29,444.0 1,466.1 28,533.9 98.1% 4.9% Bus Garage Facility Repairs (ST11) 7,600.0 6,639.1 4,329.7 3,270.3 87.4% 57.0% Subtotal $59,000.0 $57,190.0 $10,097.1 $48,902.9 96.9% 17.1% Passenger Facilities Replacement of Crumbling Platforms (ST08) $16,000.0 $16,000.0 $4,359.4 $11,640.6 100.0% 27.2% Update Platform Real-Time Signs (ST28) 2,500.0 1,893.2 2,500.0 75.7% Metro Center Sales Office Replacement (ST38) 1,200.0 1,139.7 77.2 1,122.8 95.0% 6.4% Subtotal $19,700.0 $19,033.0 $4,436.6 $15,263.4 96.6% 22.5% Safety & Security Bus Garage Security Update (ST23) $3,000.0 $2,086.4 $1,911.5 $1,088.5 69.5% 63.7% Communications Equipment for Operations Control Center (ST24) 3,000.0 2,558.6 2,278.3 721.7 85.3% 75.9% Emergency Tunnel Evacuation Carts (ST30) 836.3 836.3 809.3 26.9 100.0% 96.8% Underground Communications Radios (ST40) 868.7 868.7 868.7 0.0 100.0% 100.0% Additional Station Alarm/Chemical Sensors (ST48) 3,991.2 3,991.2 2,486.6 1,504.7 100.0% 62.3% Subtotal $11,696.2 $10,341.1 $8,354.3 $3,341.9 88.4% 71.4% Maintenance & Repair Equipment Heavy Duty Locomotives for Maintenance (ST12) $4,998.9 $4,998.9 $4,998.9 100.0% Power Tool Equipment Replacement (ST31) 1,660.5 1,647.9 1,335.5 325.1 99.2% 80.4%

Capital Project Financials Fiscal 2011 - July 2010 Dollars in Thousands Un- Expended Obligation Expend ARRA - Fiscal Year 2010 Budget Obligated Expended 60-Ton Crane for Track Work (ST17) 4,000.0 4,000.0 Heavy Duty Track Equipment (ST07) 10,510.6 10,210.6 706.0 9,804.6 97.1% 6.7% Track Welding Program to Repair Defects (ST18) 3,900.0 2,783.7 505.4 3,394.6 71.4% 13.0% Track Pad/Shock Absorber Rehabilitation (ST37) 1,030.0 1,030.0 1,030.0 100.0% 100.0% Subtotal $26,100.0 $20,671.0 $3,576.8 $22,523.2 79.2% 13.7% Operations Systems Upgrade 3 (Three) Oldest Stations and Systems (ST09) $17,900.0 $17,900.0 $648.9 $17,251.1 100.0% 3.6% Additional SmarTrip Fare Machines (ST19) 2,220.8 2,220.8 2,038.6 182.3 100.0% 91.8% Bus Real-Time, Route, and Scheduling Systems (ST21) 3,000.0 2,421.0 335.2 2,664.8 80.7% 11.2% Bus Engine Fluid Alert System (ST34) 1,500.0 1,500.0 1,500.0 100.0% Kiosk and Train Control Computers (ST41) 356.8 356.8 291.8 65.0 100.0% 81.8% Subtotal $24,977.7 $24,398.6 $3,314.5 $21,663.2 97.7% 13.3% Information Technology Sensitive Data Protection Technology (ST16) $3,511.2 $3,511.1 $1,461.8 $2,049.4 100.0% 41.6% Document Management System (ST32) 750.0 749.2 430.7 319.3 99.9% 57.4% Financial System Integration (ST63) 5,000.0 5,000.0 256.8 4,743.2 100.0% 5.1% Subtotal $9,261.2 $9,260.3 $2,149.3 $7,111.9 100.0% 23.2% TOTAL ARRA PROJECTS $201,283.2 $191,253.3 $82,281.4 $118,996.9 95.0% 40.9% Miscellaneous Other Program Management $550.0 $209.8 $550.0 38.1% Subtotal $550.0 $209.8 $550.0 38.1% TOTAL ARRA PROGRAM $201,833.2 $191,463.1 $82,281.4 $119,546.9 94.9% 40.8% 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. Expended: 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.

Transit Infrastructure Investment Fund (TIIF) Fiscal 2010 - July 2010 Dollars in Thousands Funds Jurisdictional Approved Unexpended Received Allocation Uses Expenses Approved Uses Total Received for TIIF $124,185.1 Restricted Funds: Huntington Parking $12,900.0 $12,802.3 $97.7 White Flint Parking 4,421.7 4,404.9 16.8 FY05/06 Operating 4,000.0 4,000.0 0.0 FY07 Operating 2,000.0 2,000.0 0.0 FY08 Operating 2,000.0 2,000.0 0.0 FY09 Operating 2,000.0 2,000.0 0.0 FY10 Operating (continues thru FY12) 2,000.0 2,000.0 0.0 FY07 Safe, Clean Reliable 5,850.0 5,850.0 0.0 FY08 Safe, Clean Reliable 7,000.0 7,000.0 0.0 FY09 Safe, Clean Reliable 7,000.0 7,000.0 0.0 FY10 Safe, Clean Reliable (end) 7,000.0 7,000.0 0.0 TSSM from Twinbrook to Shady Grove 1,000.0 525.6 474.4 Gallery Place Remediation 18.4 18.4 0.0 57,190.1 56,601.3 588.8 Unrestricted Funds Available for Use: $6,995.1 Total allocated to the Jurisdictions $60,000.0 District of Columbia 36% $21,600.0 Use of Funds: Tivoli $2,500.0 $2,500.0 $0.0 Anacostia Light Rail Program/Demonstration 10,447.6 8,632.3 1,815.2 U Street/Adams Morgan Link 150.0 150.0 0.0 Navy Yard Design 500.0 497.4 2.6 Union Row /U Street 1,500.0 1,008.7 491.3 Yellow Line Extension 1,500.0 609.1 890.9 Navy Yard Improvements 4,452.4 4,412.2 40.2 View 14 /U Street & 14Th 500.0 480.7 19.3 21,550.0 18,290.3 3,259.7 Balance of DC Funds Available for Use: $50.0

Transit Infrastructure Investment Fund (TIIF) Fiscal 2010 - July 2010 Dollars in Thousands Funds Jurisdictional Approved Unexpended Received Allocation Uses Expenses Approved Uses Maryland 37% $22,200.0 Use of Funds: New Carrollton Parking $497.6 $496.0 $1.6 College Park Parking 9,514.7 9,512.2 2.5 Largo Parking 2,432.7 2,432.7 0.0 Largo Day Care Center 3,000.0 3,000.0 0.0 Takoma-Langley 6,744.3 820.8 5,923.6 22,189.3 16,261.7 5,927.6 Balance of Maryland Funds Available for Use: $10.7 Virginia 27% $16,200.0 Use of Funds: Huntington $8,082.8 $8,082.8 $0.0 West Falls Church 2,000.0 2,000.0 0.0 Royal Street Bus Garage 100.0 100.0 0.0 Ballston (Multi-modal improvements) 1,032.2 756.0 276.2 Rosslyn Station Access Improve 798.1 716.4 81.8 Shirlington 1,977.9 1,961.4 16.5 Crystal City Potomac Yard Bus Way 522.0 120.9 401.1 Potomac Yard Station 1,500.0 226.7 1,273.3 16,012.9 13,964.1 2,048.8 Balance of Virginia Funds Available for Use: $187.1 Grand Total: $124,185.1 $124,185.1 $116,942.3 $105,117.3 $11,825.0

JURISDICTIONAL BALANCES ON ACCOUNT As of July 31, 2010 ($ Refund to Jurisdictions) / $ Due from Jurisdictions $ in millions JURISDICTION OPERATING NOTES 1 DISTRICT OF COLUMBIA DC Dept of Transportation ($0.000) DC Dept of Transportation ($0.233) D.C. Sch Sub.- Estimate for July 2010 DC Dept of Transportation 0.000 7th Street Bridge DC Dept of Public Works 0.182 Joint and Adjacent Escort Services DC Dept of Public Works 0.150 Joint and Adjacent Escort Services Credits to be Applied to 2nd Quarter FY2011 Billing: Metro Matters Interest Earnings for Metro Matters Program $0.000 DC TOTAL $0.098 MARYLAND Montgomery County $0.085 Pending receipt of operating & capital/cmaq Prince George's County ($0.155) Pending receipt of operating & capital/cmaq Credits to be Applied to 2nd Quarter FY2011 Billing: Audit Adjustment Credit Application $0.000 MD TOTAL ($0.070) VIRGINIA Alexandria ($0.100) Arlington ($0.685) City of Fairfax ($0.031) Fairfax County ($0.446) Fairfax County Dept. of Family Service $0.093 Access to Jobs Falls Church ($0.056) Northern VA Transportation Comm. ($0.284) Credits to be Applied to 2nd Quarter FY2011 Billing: Metro Matters Interest Earnings for Metro Matters Program $0.000 VA TOTAL ($1.509) GRAND TOTAL ($1.480) 1 Operating credits represent unused audit adjustment credits Capital credits represent interest earnings on capital payments

(Metro) CFO - TRES - Grants Management Grant Activity for the Month ending July 31, 2010 Grant Program Activity ARRA FTA Formula Grants for Capital Transit Assistance and Fixed Guideway Infrastructure Improvement $201.8 million awarded, which includes $11.1 million for Preventive Maintenance (PM). Project budgets will continue to be reviewed for cost savings that may be to transferred to PM. To meet heightened reporting expectations: The previous quarter s project progress and significant payments were reported and posted on www.recovery.gov for public accountability of federal funds as required by Section 1512. Monthly reporting to the House Committee on Transportation and Infrastructure Committee has been completed according to the requests of Chairman Oberstar. Department of Homeland Security Transit Security Grant Anti-Terrorism Teams conducted Targeted Train Inspections, rolling train inspections, bus division checks, station checks, area saturation patrols, and coordinated and participated in multi-agency Blue T.I.D.E events. Contract for seven specialized vehicles was awarded. Annual Formula Grants for Sections 5309 and 5307 FFY2010 Sections 5307 and 5309 grant applications for a total of $240.6 million is in FTA's TEAM system for review. Passenger Rail Investment and Improvement Act (PRIIA) The PRIIA grant application for $150M is in FTA's TEAM system for review. FTA Congestion Mitigation & Air Quality (CMAQ) Federal Earmarks Grants were awarded for $16.4 of Maryland CMAQ funds for WMATA FY2009 and $16.4 million for WMATA FY2010, as well as for $6.1 million of Virginia CMAQ funds. The Royal Street Bus Garage Relocation grant amendment was submitted to FTA to add $1.8 million of FFY2008 and FFY2009 earmarks for the acquisition of land on Cinder Bed Road for the relocation of the Royal Street Bus Garage. A grant application for a WMATA Bus Safety Initiative earmark for $0.7 million was submitted to FTA. The funds will be used to purchase and install camera systems on buses. A Bus and Bus Facilities earmark for $1.1 million was submitted. The funds will be used to purchase replacement buses. The current redesign and renovation of the Metro plaza at Clarendon Metro plaza is in the last phase of build-out and completion is expected in the fall of 2010. Current federal legislation does not contain language to permit reprogramming of $0.7 million of a prior year bus earmark as WMATA has been pursuing. The grant is expected to be de-obligated upon consulation with stakeholders. Safety & Security Transit Security Grant Program (TSGP) Urban Areas Security Initiative (UASI) Planning and scheduling of onsite demonstration of additional vendor technologies begun for the FFY2008 TSGP Cameras on Buses grant. Installation of bi-directional amplifiers continued for the upgrade of first responder underground radio communication in Prince George s County through FFY2009 UASI grant.