TransLink finally got around to putting out their 2014 year-end financials today. I’ll likely have more on this in the days to come, but here are some thoughts as I read the document:

• If this is such great news for TransLink, why did they bury it until after the plebiscite voting closed?
• Ian Jarvis, the CEO who just won’t go away, was paid $15,610 more in 2014 than 2013. That’s total compensation of $483,625.
• Doug Kelsey was demoted from TransLink COO to SkyTrain prez/GM. TransLink says he took a paycut – but he made $33K more than the last Skytrain prez/GM.
• CFO Cathy McLay made $25K more in 2014 than she did in 2012. Some “pay freeze.”
• TransLink operating cost per service hour went up from $133.10 to $137.38.
• Farebox cost recovery dropped 2.2 points to 53.4%.
• Spending went up $20 million last year. Odd, since the news release claims they “saved” us money.
• TransLink corp ops spending went from $74.9m to $80.6m.
• Transit Police ran $2.2m over budget, spending $34.4m last year.
• TransLink admin spending jumped 13% last year.
• I stand to be corrected, but I didn’t see TransLink board(s) pay or $75K salaries released. Did I miss it?