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This represents an increase of $3.9 million or 1.4% over projected 19H3 results. Fares (includes monthly and bi-weekly passes) The 1984 Budget is $2fi2.9 million, $3.6 million or l.Sr, less tban the 1983 projected results. Several factors account for this small reduction. First, 1984 is a 52 week year whereas 1983 was 53 weeks. Secondly, the 1984 Budget assumes the previously discussed fare re- structuring. Included is an estimated increase in revenue due to the new pass pricing ($6.0 million) ...and a relatively conservative estimate of the amount of increased revenue that will result from the elimina- tion or reduction of fare and transfer abuse ($3.4 million). Charter Services The 1984 Budget is $650,000 which is $42,000 or 6.9% more than 1983. This budget assumes that we will generate more charter revenue duf' to Chicagofest than in 1983, As previously mentioned, charter revenue from Chicagofest did not materialize in 1983. Advertising & Concessions The 1984 Budget is estimated at $2.7 million, $200,000 or 8.8% more than the 1983 projected results.
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