Results of Operations Table 4 is a summarized version of the Statement of Revenues, Expenses, and Changes in Net Position for the fiscal years ended June 30, 2024 and 2023.
TABLE 4: REVENUES, EXPENSES, AND CHANGES IN NET POSITION (In Thousands) For the Fiscal Years Ended June 30
2024
2023
Variance
% Change
Operating revenues Toll revenue Intergovernmental revenue Toll administrative revenue and other revenue Concession revenue Total operating revenue Operating expenses Collection, police patrol, and maintenance Major repairs, replacements, and insurance
$
761,200 55,068 79,529 6,476 902,273 348,675 12,812 30,816 179,745 35,569 607,617
$
755,701 56,477 43,352 6,303 861,833 334,708 10,836 32,704 197,049 32,685 607,982
$
5,499 (1,409) 36,177 173 40,440 13,967 1,976 (1,888) (17,304) 2,884 (365)
0.7% -2.5% 83.4%
2.7% 4.7%
4.2% 18.2% -5.8% -8.8% 8.8% -0.1%
General and administrative Depreciation/amortization Pension expense Total operating expenses
Operating Income
294,656
253,851
40,805
16.1%
Non-operating revenues
Investment revenue (loss)
45,543
17,583
27,960
159.0%
Non-operating expenses Loss on disposal Interest expense Total non-operating expenses
(11,895) (85,917) (97,812)
(1,666) (84,454) (86,120)
(10,229) (1,463) (11,692)
614.0% 1.7% 13.6%
Net non-operating income (expenses)
(52,269)
(68,537)
16,268
23.7%
Unusual or infrequent items Insurance proceeds, net Grant and other revenue Expenses related to collapse Net unusual or infrequent items
325,000 37,964 (95,176) 267,788
— — — —
325,000 37,964 (95,176) 267,788
100% 100% 100% 100%
Changes in net position
510,175
185,314
324,861
175.3%
Net position - Beginning of Year
5,550,198
5,364,884
185,314
3.5%
Net Position - End of Year
$ 6,060,373
$ 5,550,198
$
510,175
9.2%
Note: Numbers may not sum due to rounding
Annual Comprehensive Financial Report For Fiscal Year Ended June 30, 2024 | 39
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