Table of Contents
I. Introductory section Certificate of Achievement for Excellence in Financial Reporting...................................................................................................8 Letter of Transmittal.......................................................................................................................................................................................9 Members of the Maryland Transportation Authority..........................................................................................................................24 MDTA Organizational Chart......................................................................................................................................................................25 II. Financial Section Report of Independent Public Accountant.........................................................................................28 Management’s Discussion and Analysis...............................................................................................32 Basic Financial Statements.......................................................................................................................43 Statement of Net Position.........................................................................................................................................................................44 Statement of Revenues, Expenses, and Changes in Net Position................................................................................................46 Statement of Cash Flows...........................................................................................................................................................................47 Notes to the Financial Statements.........................................................................................................................................................49 Required Supplemental Information......................................................................................................81 Schedule of Required Supplemental Information: MDTA’s Proportionate Share of the Net Pension Liability.................82 MDTA Contributions to the Maryland State Retirement and Pension System...........................................................................83 Other Supplemental Information............................................................................................................85 Combined Schedule of Revenue and Expenses – All Facilities....................................................................................................86 Investment of Funds – Master Investment Schedule........................................................................................................................87 Investment of Funds – Transportation Facilities Projects...............................................................................................................88 Investment of Funds – Intercounty Connector...................................................................................................................................89 Investment of Funds – BWI Marshall Airport Consolidated Rental Car Facility........................................................................90 Investment of Funds – BWI Marshall Airport Passenger Facility Charge Projects....................................................................91 Investment of Funds – Calvert Street Parking Garage.....................................................................................................................92 III. Statistical section Statistical Section Index.............................................................................................................................94 Financial Trends.............................................................................................................................................95 Schedule of Net Position...........................................................................................................................................................................95 Schedule of Revenue, Expenses, and Changes in Net Position...................................................................................................96 Revenue Capacity.........................................................................................................................................97 Toll Transactions by Vehicle Class..........................................................................................................................................................97 Toll Revenue by Vehicle Class.................................................................................................................................................................98 Toll Transactions by Facility.....................................................................................................................................................................99 Toll Revenue by Facility............................................................................................................................................................................100 History of Toll Rates by Facility...............................................................................................................................................................101
4 | Maryland Transportation Authority
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