Annual Comprehensive Financial Report of the Maryland Transportation Authority – An Enterprise Fund of the State of Maryland For Fiscal Year Ended June 30, 2024
I. Introductory section | 8 |
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 | 28 |
Report of Independent Public Accountant | 28 |
Basic Financial Statements | 43 |
Statement of Net Position | 44 |
Statement of Revenues, Expenses, and Changes in Net Position | 46 |
Notes to the Financial Statements | 47 |
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 | 94 |
Statistical Section Index | 95 |
Financial Trends | 90 |
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 | 97 |
Toll Revenue by Facility | 100 |
History of Toll Rates by Facility | 101 |
Debt Capacity | 102 |
Debt Service Coverage and Rate Covenant Compliance – Revenue Bonds | 102 |
Debt Limitations | 103 |
Non-Recourse Debt Outstanding | 104 |
Ratio of Outstanding Toll Revenue Debt per Toll Transaction | 105 |
Toll-Backed Debt Outstanding | 106 |
Demographic and Economic Information | 107 |
Schedule of Demographic Statistics for Maryland | 107 |
Maryland’s Ten Largest Private Employers | 108 |
Schedule of Employment by Sector | 109 |
Operations | 110 |
Capital Assets | 110 |
Operating Expenses | 111 |
Change in Positions | 112 |
IV. Traffic and Revenue Section | 114 |
Schedule of Toll Transactions – All Facilities (Unaudited) | 114 |
Schedule of Toll Revenue – All Facilities | 115 |
Schedule of Toll Transactions – John F. Kennedy Memorial Highway (Unaudited) | 116 |
Schedule of Toll Revenue – John F. Kennedy Memorial Highway | 117 |
Schedule of Toll Transactions – I-95 Express Toll Lanes (Unaudited) | 118 |
Schedule of Toll Revenue – I-95 Express Toll Lanes | 119 |
Schedule of Toll Transactions – Thomas J. Hatem Memorial Bridge (Unaudited) | 120 |
Schedule of Toll Revenue – Thomas J. Hatem Memorial Bridge | 121 |
Schedule of Toll Transactions – Harry W. Nice/Thomas “Mac” Middleton Bridge (Unaudited) | 122 |
Schedule of Toll Revenue – Harry W. Nice/Thomas “Mac” Middleton Bridge | 123 |
Schedule of Toll Transactions – William Preston Lane, Jr. Memorial (Bay) Bridge (Unaudited) | 124 |
Schedule of Toll Transactions – William Preston Lane, Jr. Memorial (Bay) Bridge (Unaudited) | 124 |
Schedule of Toll Revenue – William Preston Lane, Jr. Memorial (Bay) Bridge | 125 |
Schedule of Toll Transactions – Baltimore Harbor Tunnel (Unaudited) | 126 |
Schedule of Toll Revenue – Baltimore Harbor Tunnel | 127 |
Schedule of Toll Transactions – Francis Scott Key Bridge (Unaudited) | 128 |
Schedule of Toll Revenue – Francis Scott Key Bridge | 129 |
Schedule of Toll Transactions – Fort McHenry Tunnel (Unaudited) | 130 |
Schedule of Toll Revenue – Fort McHenry Tunnel | 131 |
Schedule of Toll Transactions – Intercounty Connector (Unaudited) | 132 |
Schedule of Toll Revenue – Intercounty Connector | 133 |
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