WASHINGTON (WUSA) -- According to officials, Metro ended fiscal year 2012 with a $28 million operating surplus. They say the surplus is "due to aggressive cost management measures taken throughout the year."
Officials said some of the controls included a health care audit and fuel hedging.
How will Metro use that surplus money? Metro General Manager and CEO Richard Sarles said in a statement, "We anticipate applying the surplus to offset budget challenges we foresee in the coming fiscal year."
Metro's financial outlook report to be given to its board on Thursday indicates that it will work to "reduce the early forecast for additional funding for FY2014 from $76 million to $25-$30 million," according to a press release on Monday.
Additionally, next year's budget will continue services such as Rush+ and Better Bus, the launch of Silver Line service and customer service improvement.
See Metro's full release here: http://www.wmata.com/about_metro/news/PressReleaseDetail.cfm?ReleaseID=5326