Financial Statement Summary for July 2023 - Fiscal Year 2024 Report

Draft Financial Statement JULY 2023 FISCAL YEAR 2024 FINANCIAL REPORT 1

OPERATING FINANCIAL STATEMENTS July 2023 FISCAL YEAR 2024 Annual Month to Date Year to Date Budget Budget Actual Variance Budget Actual Variance Dollars in Thousands Operating Revenue Passenger Revenue Advertising Revenue Other Transportation Revenue Non-Transportation Revenue Total Operating Revenue Non-Operating Revenue Federal Funding (5307/5337) HRRTF Funding State Funding Local Funding Total Non-Operating Revenue TOTAL REVENUE $ 9,081.3 800.0 2,698.8 60.0 12,640.1 $ 757.7 66.7 224.9 5.0 1,054.2 $ 44.0 (14.4) (2.8) 12.4 39.2 247.6 5.8 % % % % % $ 757.7 66.7 224.9 5.0 1,054.2 $ 44.0 (14.4) (2.8) 12.4 39.2 5.8 % % % % % $ 801.7 52.3 222.1 17.4 1,093.4 $ 801.7 52.3 222.1 17.4 1,093.4 (21.5) (1.3) (21.5) (1.3) 247.6 3.7 3.7 38,858.9 10,044.1 26,837.1 47,766.4 123,506.5 136,146.6 $ 3,470.5 674.1 2,236.4 3,980.5 10,361.5 11,415.7 $ (1,477.6) (151.9) (42.6) (22.5) 0.0 % 0.0 (15.7) % % % $ 3,470.5 674.1 2,236.4 3,980.5 10,361.5 11,415.7 (1,477.6) (151.9) (42.6) (22.5) 0.0 % 0.0 % (15.7) % % % $ 1,992.8 522.2 2,236.4 3,980.5 8,732.0 9,825.4 $ 1,992.8 522.2 2,236.4 3,980.5 8,732.0 9,825.4 0.0 0.0 0.0 0.0 (1,629.6) (1,590.3) $ % (1,629.6) (1,590.3) $ Personnel Services Contract Services Materials & Supplies Gas & Diesel Contractor's Fuel Usage Utilities Casualties & Liabilities Purchased Transportation Other Miscellaneous Expenses TOTAL EXPENSE SURPLUS (DEFICIT) 81,930.1 15,822.9 6,309.6 6,918.2 1,240.7 1,345.0 5,708.5 15,207.1 1,664.4 136,146.6 $ $ 6,896.0 1,318.6 525.8 578.4 103.4 112.1 475.7 1,267.3 138.4 11,415.7 $ $ $ 1,121.6 107.8 125.4 284.7 1,770.3 $ 14.1 0.2 85.1 20.5 14.4 23.8 23.5 26.4 22.5 (12.4) % % % % % % % % % $ $ 6,896.0 1,318.6 525.8 578.4 103.4 112.1 475.7 1,267.3 138.4 11,415.7 $ 1,121.6 107.8 125.4 284.7 1,770.3 $ 14.1 0.2 85.1 20.5 14.4 23.8 23.5 26.4 22.5 (12.4) % % % % % % % % % $ $ $ 6,881.9 196.9 418.0 495.4 78.8 85.7 350.4 982.6 155.7 9,645.4 180.0 $ $ $ 6,881.9 196.9 418.0 495.4 78.8 85.7 350.4 982.6 155.7 9,645.4 180.0 83.1 24.6 26.4 83.1 24.6 26.4 (17.2) (17.2) 1. Line of Credit balance as of August 17, 2023, is $3,262,485.02 2 Draft Financial Statement

OPERATING FINANCIAL STATEMENTS July 2023 757 EXPRESS, 15-MINUTE INCREMENT FISCAL YEAR 2024 Annual Month to Date Year to Date Budget Budget Actual Variance Budget Actual Variance Dollars in Thousands Operating Revenue Passenger Revenue RTS Program TOTAL REVENUE $ $ 936.9 $ $ 62.9 674.1 737.0 $ $ (17.8) (151.9) (169.8) (28.4) (22.5) % % $ $ 62.9 674.1 737.0 $ $ (17.8) (151.9) (169.8) (28.4) (22.5) % % $ $ 45.0 522.2 567.2 $ $ 45.0 522.2 567.2 10,044.1 10,981.0 Personnel Services Contract Services Materials & Supplies Utilities Casualties & Liabilities TOTAL EXPENSE SURPLUS (DEFICIT) $ $ 7,916.8 1,225.0 1,426.1 67.0 346.1 10,981.0 $ $ 531.3 82.2 95.7 4.5 23.2 737.0 $ $ 59.6 71.4 26.8 2.2 9.8 169.8 11.2 86.9 28.0 48.9 42.0 % % % % % $ $ 531.3 82.2 95.7 4.5 23.2 737.0 $ $ 59.6 71.4 26.8 2.2 9.8 169.8 11.2 86.9 28.0 48.9 42.0 % % % % % $ $ $ 471.7 10.8 68.9 2.3 13.5 567.2 - $ $ $ 471.7 10.8 68.9 2.3 13.5 567.2 - 3 Draft Financial Statement

OPERATING FINANCIAL STATEMENTS July 2023 4 Draft Financial Statement

OPERATING CROSSWALK July 2023 YEAR-TO-DATE FISCAL YEAR 2024 (Dollars in Thousands) REVENUE Passenger Revenue Advertising Revenue Other Transportation Revenue Non-Transportation Revenue Federal Funding (PM 5307/5337) HRRTF Funding1 State Funding Local Funding TOTAL REVENUE: ACTUAL LOCALITY ACTUAL NON-LOCALITY ACTUAL CONSOLIDATED VARIANCE + / (-) BUDGET $ $ $ $ $ $ $ $ $ 757.7 66.6 224.9 5.0 3,470.5 674.1 2,236.4 3,980.5 11,415.7 $ $ $ $ $ $ $ $ $ 741.4 48.0 - 2.0 1,992.8 $ $ $ $ $ $ $ $ $ 60.3 4.3 222.1 15.4 - 522.2 - - 824.3 $ $ $ $ $ $ $ $ $ 801.7 52.3 222.1 17.4 1,992.8 522.2 2,236.4 3,980.5 9,825.4 $ $ $ $ $ $ $ $ $ 44.0 (14.3) (2.8) 12.4 (1,477.7) (151.9) - 2,236.4 3,980.5 9,001.1 - - (1,590.3) EXPENSE Personnel Services Services Materials & Supplies Utilities Casualties & Liabilities Purchased Transportation Other Miscellaneous Expenses TOTAL EXPENSE: $ $ $ $ $ $ $ $ 6,896.0 1,318.6 1,207.6 112.1 475.7 1,267.3 138.4 11,415.7 $ $ $ $ $ $ $ $ 6,346.4 181.6 915.1 79.0 323.1 906.0 143.5 8,894.7 $ $ $ $ $ $ $ $ 535.5 15.3 77.1 6.7 27.3 76.6 12.2 750.7 $ $ $ $ $ $ $ $ 6,881.9 196.9 992.2 85.7 350.4 982.6 155.7 9,645.4 $ $ $ $ $ $ $ $ 14.1 1,121.7 215.4 26.4 125.3 284.7 (17.3) 1,770.3 BUDGET STATUS TO DATE2: $ - $ 106.4 $ 73.6 $ 180.0 $ 180.0 1. 2. Hampton Roads Regional Transit Funding for 757 Express and 15-minute increment. Includes year-to-date estimated farebox surplus credit and/or service reliability credit, where applicable. Draft Financial Statement 5

LOCALITY RECONCILIATION July 2023 TOTAL LOCALITY FISCAL YEAR 2024 ANNUAL BUDGET YEAR-TO-DATE (Dollars in Thousands) BUDGET ACTUAL VARIANCE Locality Operating Share Plus: Local Farebox Locality Share - Sub-Total: $ $ $ 47,766.3 7,977.4 55,743.7 $ $ $ 3,980.5 664.9 4,645.4 $ $ $ 3,980.5 741.4 4,721.9 $ $ $ - 76.5 76.5 Plus: Federal Aid State Aid Total Revenue Contribution: $ $ 38,859.0 26,837.0 121,439.7 $ $ $ 3,238.3 2,236.4 10,120.1 $ $ $ $ 1,992.8 2,236.4 8,951.1 (1,245.5) $ $ (1,169.0) $ - Operating Expenses: 121,439.7 $ 10,120.1 $ $ 8,844.7 (1,275.4) $ Locality Budget Status to Date1: $ 106.4 KPI Farebox Recovery: Farebox % of Budgeted Expense: 6.6% 8.4% 7.3% 1. Includes year-to-date estimated farebox surplus credit and/or service reliability credit, where applicable. Draft Financial Statement 6

LOCALITY RECONCILIATION July 2023 CHESAPEAKE FISCAL YEAR 2024 ANNUAL BUDGET YEAR-TO-DATE (Dollars in Thousands) BUDGET ACTUAL VARIANCE Locality Operating Share Plus: Local Farebox Locality Share - Sub-Total: $ $ $ 2,866.8 426.8 3,293.6 $ $ $ 238.9 35.6 274.5 $ $ $ 238.9 35.1 274.0 $ $ $ - (0.5) (0.5) Plus: Federal Aid State Aid Total Revenue Contribution: $ $ $ 2,904.1 1,719.8 7,917.5 $ $ $ 242.0 143.3 659.8 $ $ $ 139.2 135.2 548.4 $ $ $ (102.8) (8.1) (111.4) Operating Expenses: $ 7,917.5 $ 659.8 $ 548.4 $ (111.4) Locality Budget Status to Date1: $ - KPI Farebox Recovery: Farebox % of Budgeted Expense: 5.4% 6.4% 5.3% 1. Includes year-to-date estimated farebox surplus credit and/or service reliability credit, where applicable. Draft Financial Statement 7

LOCALITY RECONCILIATION July 2023 HAMPTON FISCAL YEAR 2024 ANNUAL BUDGET YEAR-TO-DATE (Dollars in Thousands) BUDGET ACTUAL VARIANCE Locality Operating Share Plus: Local Farebox Locality Share - Sub-Total: $ $ $ 4,971.8 723.5 5,695.3 $ $ $ 414.3 60.3 474.6 $ $ $ 414.3 69.2 483.5 $ $ $ - 8.9 8.9 Plus: Federal Aid State Aid Total Revenue Contribution: 4,615.8 2,903.2 13,214.3 $ $ $ 384.7 241.9 1,101.2 $ $ $ 292.5 257.3 1,033.3 $ $ $ $ $ $ (92.2) 15.4 (67.9) Operating Expenses: 13,214.3 $ 1,101.2 $ 1,024.4 $ $ (76.8) Locality Budget Status to Date1: $ 8.9 KPI Farebox Recovery: Farebox % of Budgeted Expense: 5.5% 6.8% 6.3% 1. Includes year-to-date estimated farebox surplus credit and/or service reliability credit, where applicable. Draft Financial Statement 8

LOCALITY RECONCILIATION July 2023 NEWPORT NEWS FISCAL YEAR 2024 ANNUAL BUDGET YEAR-TO-DATE (Dollars in Thousands) BUDGET ACTUAL VARIANCE Locality Operating Share Plus: Local Farebox Locality Share - Sub-Total: $ $ $ 7,886.7 1,193.6 9,080.3 $ $ $ 657.2 99.5 756.7 $ $ $ 657.2 114.8 772.0 $ $ $ - 15.3 15.3 Plus: Federal Aid State Aid Total Revenue Contribution: $ $ 6,886.0 4,530.1 20,496.4 $ $ $ $ 573.8 377.5 1,708.0 $ $ $ 459.0 412.2 1,643.2 $ $ $ (114.8) 34.7 (64.8) Operating Expenses: 20,496.4 $ $ 1,708.0 $ 1,627.9 $ (80.1) Locality Budget Status to Date1: $ 15.3 KPI Farebox Recovery: Farebox % of Budgeted Expense: 5.8% 7.1% 6.7% 1. Includes year-to-date estimated farebox surplus credit and/or service reliability credit, where applicable. Draft Financial Statement 9

LOCALITY RECONCILIATION July 2023 NORFOLK FISCAL YEAR 2024 ANNUAL BUDGET YEAR-TO-DATE (Dollars in Thousands) BUDGET ACTUAL VARIANCE Locality Operating Share Plus: Local Farebox Locality Share - Sub-Total: 20,722.5 $ 3,787.8 $ 24,510.3 $ $ $ $ 1,726.9 315.7 2,042.6 $ $ $ 1,726.9 322.8 2,049.7 $ $ $ - 7.1 7.1 Plus: Federal Aid State Aid Total Revenue Contribution: 14,901.0 $ 11,275.0 $ 50,686.3 $ $ $ $ 1,241.8 939.6 4,224.0 $ $ $ 450.0 844.3 3,344.0 $ $ $ (791.8) (95.3) (880.0) Operating Expenses: 50,686.3 $ $ 4,224.0 $ 3,311.4 $ (912.6) Locality Budget Status to Date1: $ 32.6 KPI Farebox Recovery: Farebox % of Budgeted Expense: 7.5% 9.7% 7.6% 1. Includes year-to-date estimated farebox surplus credit and/or service reliability credit, where applicable. Draft Financial Statement 10

LOCALITY RECONCILIATION July 2023 PORTSMOUTH YEAR-TO-DATE FISCAL YEAR 2024 ANNUAL BUDGET (Dollars in Thousands) BUDGET ACTUAL VARIANCE Locality Operating Share Plus: Local Farebox Locality Share - Sub-Total: $ $ $ 3,027.4 527.8 3,555.2 $ $ $ 252.3 44.0 296.3 $ $ $ 252.3 51.8 304.1 $ $ $ - 7.8 7.8 Plus: Federal Aid State Aid Total Revenue Contribution: $ $ $ 2,873.1 1,786.2 8,214.5 $ $ $ 239.4 148.9 684.6 $ $ $ 117.5 135.3 556.9 (121.9) $ (13.6) $ (127.7) $ Operating Expenses: $ 8,214.5 $ 684.6 $ 549.1 (135.5) $ Locality Budget Status to Date1: $ 7.8 KPI Farebox Recovery: Farebox % of Budgeted Expense: 6.4% 9.4% 7.6% 1. Includes year-to-date estimated farebox surplus credit and/or service reliability credit, where applicable. Draft Financial Statement 11

LOCALITY RECONCILIATION July 2023 VIRGINIA BEACH YEAR-TO-DATE FISCAL YEAR 2024 ANNUAL BUDGET (Dollars in Thousands) BUDGET ACTUAL VARIANCE Locality Operating Share Plus: Local Farebox Locality Share - Sub-Total: $ $ $ 8,291.1 1,317.9 9,609.0 $ $ $ 690.9 109.8 800.7 $ $ $ 690.9 147.7 838.6 $ $ $ - 37.9 37.9 Plus: Federal Aid State Aid Total Revenue Contribution: 6,679.0 4,622.7 20,910.7 $ $ $ $ $ $ 556.6 385.2 1,742.5 $ $ $ 534.6 452.1 1,825.3 $ $ $ (22.0) 66.9 82.8 Operating Expenses: 20,910.7 $ $ 1,742.5 $ 1,783.5 $ 41.0 Locality Budget Status to Date1: $ 41.8 KPI Farebox Recovery: Farebox % of Budgeted Expense: 6.3% 8.3% 8.5% 1. Includes year-to-date estimated farebox surplus credit and/or service reliability credit, where applicable. Draft Financial Statement 12