Statement of Revenues, Expenses and Changes in Net Position 7 OPERATING REVENUES: Fare revenue is above budget due to fare increases that became effective in January This increased revenue serves to offset lower third party fare revenue than anticipated in the budget due to UT service reductions and lower enrollment than anticipated in the budget. OPERATING EXPENSES: Salaries and benefits are below budget due to vacancies throughout the year. As of September 30, there were 28 unfilled positions. Professional services are below budget in several areas, including consulting services and rebranding of buses. Additionally, contingency funding related to the new MetroRapid service was not needed. Fuels and fluids are below budget primarily due to diesel fuel pricing. Management budgeted $3.50 per gallon for FY2014. September year-to-date diesel fuel prices averaged $3.00 per gallon. August's year-to-date diesel fuel prices averaged $3.02 per gallon. Purchased Transportation is below budget due to a variety of factors. Effective quality monitoring and lower than budget overflow trips in paratransit services has resulted in a favorable variance of $1,463,638. The budget for commuter rail services reflects more funding than needed for weekday service operations, resulting in savings to date of $649,312. Other expenses are below budget in several categories, including self-insured claims, trade agreements, utilities and lease agreements. NON OPERATING REVENUES: Operating Grants revenue is expected to be on target when the last grant drawdown for fiscal year 2014 has been posted. Capital Grants revenue is below budget due to several factors. o The MetroRapid project was completed under budget and staff is working with the Federal Transit Administration (FTA) to explore opportunities to allocate remaining funds for additional stations and vehicles. The potential reallocation of planning funds originally designated for urban rail will also be proposed to the FTA in the future. o Other Capital Grants revenue that was budgeted in 2014 is expected to be received in 2015 when the associated expenditures are made. These expenditures include new paratransit vehicles currently on order and the planned Saltillo track relocation. As of Q4 FY2014

Budget Variance By Department Summary 8 As of Q4 FY2014

9 Statement of Net Position As of Q4 FY2014 CAPITAL METROPOLITAN TRANSPORTATION AUTHORITY Statement of Net Position September 30, 2014 and August 31, 2014 UNAUDITED September 30, 2014August 31, 2014 CURRENT ASSETS Cash and cash equivalents $ 107,887,448 $ 105,135,728 Restricted cash for bus purchases10,000,000 Receivables Sales and use tax34,729,02630,685,428 Federal345,450359,802 Other, net2,497,4051,933,740 Total receivables37,571,88132,978,970 Short term investments9,920,0009,896,000 Inventory2,881,5852,814,425 Other current assets1,548,9262,457,461 Total current assets169,809,840163,282,584 NON-CURRENT ASSETS Capital assets, net316,348,672312,102,051 Other assets3,392,297 Total non-current assets319,740,969315,494,349 Total Assets489,550,809478,776,933 CURRENT LIABILITIES Accounts payable28,650,38625,505,365 Accrued expenses8,683,2157,826,044 Interest payable62,081179,146 Master lease purchase financing agreement2,708,763 Notes payable1,895,000 City of Austin interlocal agreement2,953,2882,381,242 Total current liabilities44,952,73440,495,561 LONG TERM LIABILITIES Accrued expenses3,647,5493,721,930 Master lease purchase financing agreement9,280,6179,284,726 Notes payable14,460,000 Deferred rent429,260 Total long term liabilities27,817,42727,895,916 Total Liabilities72,770,16168,391,477 NET POSITION Invested in capital assets, net of related debt298,004,292293,753,562 Unrestricted118,776,356116,631,894 Total net position $ 416,780,648 $ 410,385,456