Key West Transit Development Plan FY2025-2034

3.4 Peer Review Analysis

Cost Efficiency Measures The categories selected to measure efficiency are shown in Table 3-11 . Table 3-11: Cost Efficiency Measures, 2022 Cost Efficiency Measures Key West Peer Min

Key West % from Mean

Peer Max

Mean

Total Operating Funds Expended Operating Expense Per Capita Operating Expense Per Passenger Trip Operating Expense Per Revenue Mile Operating Expense Per Revenue Hour

$3,431,769.00

$1,215,651.00

$4,348,912.00

$3,304,055.29

3.9%

$0.02

$0.01

$0.08

$0.06

-67.3%

$16.05

$6.02

$33.43

$23.24

-30.9%

$6.32

$3.59

$11.46

$7.56

-16.4%

$69.30

$55.58

$115.15

$95.81

-27.7%

Fare Revenues

$295,270.00

$0.00

$460,699.00

$174,972.00

68.8%

The following summary highlights the key findings from the peer review results for efficiency performance measures: » KWT excelled in the cost efficiency category overall.

» KWT operating expense per capita was 67% lower than the peer group mean. » KWT operating expense per passenger trip was 31% lower than the peer group mean. » KWT operating expense per revenue mile was 16% lower than the peer group mean. » KWT operating expense per revenue hour was 28% lower than the peer group mean. » Fare revenue surpassed all peers by 69% than the peer group mean.

Transit Development Plan FY 2025–2034

Page 57