MARYLAND TRANSPORTATION AUTHORITY FINANCIAL REPORT May 2025
Operating Budget Status
Investment Balances 5/31/2025
Approved FY 2025 Budget
$ $ $
434,062,646 7,300,000 441,362,646
Transportation Authority
Adjustments
Adjusted Budget
Unrestricted
Budget Spending Guideline - May FY 25 Expenditures as of 05/31/25
90.7% Checking Account Cash
$ $ $ $ $
40,637,141 355,139,028 51,010,972 551,034,205 997,821,347
$
359,629,413
General
Percent of Budget Spent
81.5% M&O
Capital (Cash Funded) Total Unrestricted Restricted Capital/Construction
Approved FY 2024 Budget FY 24 Final Expenditures Percent of Budget Spent
$ $
485,100
454,198,018
93.6%
$ $ $
7,653
Debt Service & Debt Service Reserves
92,126,490 92,134,143
Total Restricted
Toll Revenue Comparison (In-Lane Revenue) Historical Revenue Comparison (Legacy Facilities):
Preliminary*
Total Restricted and Unrestricted
$
1,089,955,490
Non-Recourse
Eleven Months Ending May 2025 Eleven Months Ending May 2024
$ $
617,605,790 655,078,082
Capital, Revenue, Debt Service, DSRs
$
141,854,053
% Revenue Change
-5.72%
Projected Revenue Comparison (Legacy): Eleven Months Ending May 2025
Outstanding Debt
$ $
617,605,790 633,434,290
Forecast through May 2025
5/31/2025
% Revenue Change
-2.50%
Toll Revenue Backed Debt
Toll Revenue Bonds Statutory Debt Limit Unused Debt Capacity
$ $ $
2,074,322,771 4,000,000,000 1,925,677,229
Revenue - ICC
Eleven Months Ending May 2025 Forecast through May 2025
$ $
68,030,408 64,918,481
% Revenue Change
4.79%
Revenue - ETL Eleven Months Ending May 2025 Forecast through May 2025
$ $
15,802,752 15,404,859
Non-Recourse Issues
2.58% BWI Rental Car Facility Series 2002
$ $ $ $ $ $
59,990,000 25,660,000 23,730,000 24,270,000 93,105,000 9,992,000
% Revenue Change
* Data is preliminary
BWI PFC Series 2012 A BWI PFC Series 2012 B BWI PFC Series 2014 BWI PFC Series 2019
Coverage Ratios
Debt Service Coverage (2.0 minimum):
Calvert Street Parking Refunding Series 2015
Estimate FYE 6/30/2025 Actual FYE 6/30/2024
2.8 3.6
Rate Covenant Compliance (1.0 minimum):
Estimate FYE 6/30/2025 Actual FYE 6/30/2024
2.3 2.6
Made with FlippingBook Digital Proposal Creator