The revenues derived from the plan (“plan revenues”) shall be determined in each calendar year (“plan year”) as follows:
(A) The total amount of farebox revenue received for the months in which the plan is in effect (“cross fares”) shall be divided by 1.05; and
(B) (1) The resulting amount shall be subtracted from gross fares. The difference shall be plan revenues for that plan year.
(2) Plan revenues shall be reported separately by Metra, but (subject to § 111.054) may be co-mingled with other Metra funds for the purposes of deposit and investment.
(Ord. 88-41, passed 12-16-1988)