MARYLAND TRANSPORTATION AUTHORITY FINANCIAL REPORT June 2025
Operating Budget Status
Investment Balances 6/30/2025
Approved FY 2025 Budget
$ $ $
434,062,646 7,300,000 441,362,646
Transportation Authority
Adjustments
Adjusted Budget
Unrestricted
Budget Spending Guideline - June (prelim) FY 25 Expenditures as of 06/30/25 (prelim)
100.0% Checking Account Cash
$ $ $ $ $
29,866,475 353,902,008 51,913,962 525,475,511 961,157,956
$
420,977,836
General
Percent of Budget Spent
95.4% 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%
$ $ $
7,531
Debt Service & Debt Service Reserves
104,439,969 104,447,500
Total Restricted
Toll Revenue Comparison (In-Lane Revenue) Historical Revenue Comparison (Legacy Facilities):
Preliminary*
Total Restricted and Unrestricted
$
1,065,605,456
Non-Recourse
Twelve Months Ending June 2025 Twelve Months Ending June 2024
$ $
601,033,099 628,677,085
Capital, Revenue, Debt Service, DSRs
$
126,606,077
% Revenue Change
-4.40%
Projected Revenue Comparison (Legacy): Twelve Months Ending June 2025
Outstanding Debt
$ $
601,033,099 605,713,992
Forecast through June 2025
6/30/2025
% Revenue Change
-0.77%
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
Twelve Months Ending June 2025 Forecast through June 2025
$ $
74,571,614 70,838,065
% Revenue Change
5.27%
Revenue - ETL Twelve Months Ending June 2025 Forecast through June 2025
$ $
18,464,916 16,999,409
Non-Recourse Issues
8.62% BWI Rental Car Facility Series 2002
$ $ $ $ $ $
54,910,000 22,970,000 15,340,000 22,190,000 88,705,000 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
2.9 3.6
Rate Covenant Compliance (1.0 minimum):
Estimate FYE 6/30/2025 Actual FYE 6/30/2024
2.3 2.6
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