Northeast Illinois: Six-county region surrounding Chicago that includes Cook, DuPage, Kane, Lake, McHenry and Will Counties. A federal budgetary term that refers to a binding agreement that will result in Obligation: an outlay; an agreement by the federal government to pay for goods or services immediately or at some future time when the goods or services are delivered. Also known as a "commitment". Obligation Limitation: A federal budgetary term that refers to a limit placed in appropriations bills on the amount of federal assistance that may be obligated during a specified time period. It does not affect the scheduled apportionment or allocation of funds; it just controls the rate at which these funds may be used. Off-Peak Period: Non-rush periods of the day when travel activity is generally lower and less transit service is scheduled. Also called "base period". Operating Assistance: Financial assistance for transit operating expenses (not capital costs); such aid may originate with federal, local or state governments. Operating Costs: The sum of all costs associated with the maintenance and operation of a transportation system. Generally includes interest paid on loans for capital equipment, property taxes on capital items and depreciation on plant and equipment when applicable. Operating Deficit: The sum of all operating expenses minus operating revenues. Operating Employee: an employee engaged in the operation of the transit system. Monies paid by a transit operator or system provider to operate Operating Expense: vehicles, settle claims, rent equipment and facilities and maintain equipment. Operating Funds: Provides income for operational expenses. In 2005, public transportation received $31.7 billion in operating funds from all sources. Operation Greenlight: Plan to address congestion in Northeast Illinois through improved technology and capital improvements of highways and transit systems. Receipts derived from or for the operation of transit service, Operating Revenue: including fare box revenue, revenue from advertising, interest and charter bus service and operating assistance from governments. an executive, professional, or supervisory transit Other Vehicle Operations Employee: system person engaged in vehicle operations, a person prociding support in vehicle operations activities, a person engaged in ticketing and fare collection activities, or a person engaged in system security activities.
Northeast Illinois: Six-county region surrounding Chicago that includes Cook, DuPage, Kane, Lake, McHenry and Will Counties. Obligation: A federal budgetary term that refers to a binding agreement that will result in an outlay; an agreement by the federal government to pay for goods or services immediately or at some future time when the goods or services are delivered. Also known as a "commitment". Obligation Limitation: A federal budgetary term that refers to a limit placed in appropriations bills on the amount of federal assistance that may be obligated during a specified time period. It does not affect the scheduled apportionment or allocation of funds; it just controls the rate at which these funds may be used. Off-Peak Period: Non-rush periods of the day when travel activity is generally lower and less transit service is scheduled. Also called "base period". Operating Assistance: Financial assistance for transit operating expenses (not capital costs); such aid may originate with federal, local or state governments. Operating Costs: The sum of all costs associated with the maintenance and operation of a transportation system. Generally includes interest paid on loans for capital equipment, property taxes on capital items and depreciation on plant and equipment when applicable. Operating Deficit: The sum of all operating expenses minus operating revenues. Operating Employee: an employee engaged in the operation of the transit system. Operating Expense: Monies paid by a transit operator or system provider to operate vehicles, settle claims, rent equipment and facilities and maintain equipment. Operating Funds: Provides income for operational expenses. In 2005, public transportation received $31.7 billion in operating funds from all sources. Operation Greenlight: Plan to address congestion in Northeast Illinois through improved technology and capital improvements of highways and transit systems. Operating Revenue: Receipts derived from or for the operation of transit service, including fare box revenue, revenue from advertising, interest and charter bus service and operating assistance from governments. Other Vehicle Operations Employee: an executive, professional, or supervisory transit system person engaged in vehicle operations, a person prociding support in vehicle operations activities, a person engaged in ticketing and fare collection activities, or a person engaged in system security activities.