NOTE 11 RELATIONSHIPS WITH OTHER GOVERNMENTAL AGENCIES (CONTINUED)
Intergovernmental Financing Lease Improvement Fund Payables Maryland Aviation Administration
The MDTA holds funds to be used for future improvement projects in connection with the CFC and PFC airport improvement programs. The respective funds are included in the intergovernmental payable in the accompanying statements as pledged revenues that separately secure the BWI Airport Consolidated Rental Car Facility Bonds and the BWI Airport Passenger Facility Charge Revenue Bonds. The present value of the improvement fund payables as of June 30, 2024 is as follows:
BWI Marshall Airport
Consolidated Rental Car Facility $ 11,743
Passenger Facility Charge Program $ 56,839 — 245 57,084
Cash & Investments Investments Accrued Interest Interest Receivable
— 51 11,794
— 2 2
2,599 — 2,599
Less: Accured Liability Less: Accounts Payable
—
2,733
Plus: Revenue Allocation
$
11,792
$
57,218
Net Improvement Fund Payable
Note: Numbers may not sum to total due to rounding.
78 | Maryland Transportation Authority | Notes to the Financial Statements ($ in thousands)
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