MDTA Annual Comprehensive Financial Report 2024

Maryland Transportation Authority STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION Year Ended June 30, 2024 (In Thousands)

Operating Revenues Toll

$

761,200 55,068 79,529 6,476

Intergovernmental Toll administrative Concession

Total operating revenue

902,273

Operating Expenses Collection, police patrol, and maintenance Major repairs, replacements, and insurance

348,675 12,812 30,816 179,745 35,569

General and administrative Depreciation/amortization Pension expense

607,617

Total operating expenses

294,656

Income from operations

Non-operating Revenues (Expenses) Investment revenue Gain or loss on disposal of infrastructure (non-Key Bridge) Interest expense

45,543 (11,895) (85,917)

(52,269)

Net non-operating expenses

Unusual or Infrequent Items Grant revenue related to Key Bridge collapse Insurance proceeds, net Loss on disposal of Key Bridge Expenses related to Key Bridge collapse Other revenue related to Key Bridge collapse

35,057 325,000 (44,714) (50,462) 2,907

Net unusual or infrequent items

267,788

Changes in net position

510,175

Net Position - Beginning of Year

5,550,198

Net Position - End of Year

$ 6,060,373

The accompanying notes are an integral part of the financial statements

46 | Maryland Transportation Authority | Basic Financial Statements

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