MDTA Finance and Administration Committee Meeting Materials

FINANCE AND ADMINISTRATION COMMITTEE T HURSDAY , SEPTEMBER 11 , 20 25

MARYLAND TRANSPORTATION AUTHORITY

2310 BROENING HWY BALTIMORE, MD 21224

FINANCE AND ADMINISTRATION COMMITTEE MEETING AGENDA SEPTEMBER 11, 2025 – 9:00 a.m. This meeting will be livestreamed on the Finance and Administration Committee Meeting Archive | MDTA (maryland.gov)

NOTE: This is an Open Meeting being conducted via livestreaming. The public is welcomed to watch the meeting at the link listed above. If you wish to comment on an agenda item please email your name, affiliation, and agenda item to cgreen2@mdta.state.md.us no later than noon on Wednesday, September 10, 2025. You MUST pre-register in order to comment. Once you have pre-registered you will receive an email with all pertinent information.

AGENDA

OPEN SESSION Call to Order 1. Approval – August 14, 2025 - Open Meeting Minutes 2. Approval – Contract No. MT-00211411– Security Systems Maintenance & Service 3. Approval – FY 2026 Budget Amendment – Approval of a budget amendment to the operating budget projected FY 2025 operating budget spending 5. Update – Budget Comparison - review of actual vs. projected FY 2025 capital budget spending 6. Update – Quarterly Update on Traffic and Revenue – 4. Update – Budget Comparison - review of actual vs.

Chairman von Paris

5 min.

Amanda Moran

5 min.

Jeffrey Brown

5 min.

Jeffrey Brown

10 min.

Jennifer Stump

10 min.

Walter Laun

10 min.

Update on the actual performance of traffic and revenue compared to the forecast through June 30, 2025

Vote to Adjourn

Subject to change; revisions to be published

9/11/25

ITEM 1

FINANCE AND ADMINISTRATION COMMITTEE MONTHLY MEETING THURSDAY, AUGUST 14, 2025 OPEN MEETING VIA CONFERENCE CALL OPEN SESSION

MEMBERS ATTENDING:

Cynthia Penny-Ardinger Dontae Carroll Jeffrey Rosen John von Paris Betty Conners Kevin Cullity Jeffrey Davis Allen Garman Bruce Gartner Chantelle Green Kendra Joseph Kimberly Millender, Esq. Megan Mohan, Esq.

STAFF ATTENDING:

Mary O’Keeffe Ruel Sabellano Abey Tamrat Patricia Tracey Clayton Viehweg Eric Willison

At 9:00 a.m., Member John von Paris, Chair of the Finance and Administration Committee, called the Finance and Administration Committee Meeting to order.

APPROVAL – OPEN MEETING MINUTES FROM JULY 10, 2025 MEETING Member John von Paris called for the approval of the meeting minutes from the open meeting held on July 10, 2025. Member Jeffrey Rosen made the motion, and Member Cynthia Penny- Ardinger seconded the motion, which was unanimously approved.

OPEN SESSION AUGUST 14, 2025 PAGE TWO OF THREE

APPROVAL – CONTRACT NO. KB-3023-0000R – MAINTENANCE AND REPAIR OF CURTIS CREEK DRAWBRIDGES Abey Tamrat requested a recommendation of approval from the Finance and Administration Committee to present Contract No. KB-3023-0000R, Maintenance and Repair of Curst Creek Drawbridges, to the full Maryland Transportation Authority (MDTA) Board at its next scheduled meeting. Ms. Tamrat advised that the scope of work includes providing labor, equipment, materials, and access necessary to perform maintenance and repair of both Curtis Creek Drawbridges. Maintenance work includes providing general housekeeping as well as mechanical and electrical maintenance of both draw bridges. As part of the maintenance efforts, any defects requiring repairs will be addressed under this contract. The lowest responsible and responsive Bidder was Florida Drawbridges, Inc. The bid amount was $3,027,500.00. Member von Paris called for a motion to recommend approval of this item to the full MDTA Board at its next scheduled meeting. Member Penny-Ardinger made the motion, and Member Carroll seconded the motion, which was unanimously approved. APPROVAL – INVESTMENT COMMITTEE REPORT Mr. Kevin Cullity, Allen Garman, and Clayton Viehweg presented the Investment Committee Report for the three-month period ended June 30, 202 5 . The report included a review of market conditions, policy compliance, portfolio strategies, and total return performance. The report also discussed certain market drivers that may influence portfolio performance in the coming months, including the economy, fiscal policy, and Federal Reserve monetary policy. At the conclusion of the presentation, Mr. Garman requested a recommendation of approval from the Finance and Administration Committee to present the report to the full MDTA Board at is next scheduled meeting. Member von Paris called for a motion to recommend approval of this item to the full MDTA Board at its next scheduled meeting. Member Carroll made the motion, and Member Rosen seconded the motion, which was unanimously approved.

OPEN SESSION AUGUST 14, 2025 PAGE THREE OF THREE

APPROVAL – INVESTMENT POLICY Mr. Clayton Viehweg requested a recommendation of approval from the Finance and Administration Committee to present the Investment Policy to the full MDTA Board at its next scheduled meeting. The Board Policy on Investment Management establishes guidelines for the safeguarding and management of the MDTA’s cash and investments. The Policy requires annual review and approval by the Board. Mr. Viehweg advised that following a recent review by the Investment Committee, several modest changes to the Investment Policy are recommended. Member von Paris called for a motion to recommend approval of this item to the full MDTA Board at its next scheduled meeting. Member Penny-Ardinger made the motion, and Member Carroll seconded the motion, which was unanimously approved. UPDATE – FRANCIS SCOTT KEY (KEY) BRIDGE AUTHORIZATIONS, EXPENDITURES, AND REIMBURSEMENTS Mr. Bruce Gartner provided an update regarding Key Bridge Rebuild funding authorizations, expenditures, and reimbursements. Mr. Gartner advised that to date, the MDTA Board has authorized $421 million in funding for the construction of the Key Bridge Rebuild. Based on preliminary FY 2025 closeout figures, $147.9 million in State Funds (MDTA and State Highway Administration) were spent for the Key Bridge Rebuild Project. This includes costs for the initial salvage and debris removal efforts, as well as the permanent rebuilding of the Key Bridge. Except for certain ineligible project costs, these costs are expected to be covered by insurance proceeds, offsetting revenue (material recycling), or federal funds. So far, $60 million in Federal Highway Administration (FHWA) Quick Release Emergency Relief (ER) funds have been made available to the project. Of the $60 million in FHWA ER funds, $20.7 million has been used to reimburse federally eligible project costs. Additionally, $25 million in eligible salvage and debris project costs have been applied toward insurance proceeds. There are currently $33.3 million in expenses under review for FHWA ER funding eligibility and $42.4 million in expenses under review for insurance proceeds and recycling revenue eligibility.

There being no further business, the meeting of the Finance Committee adjourned at 9:54 a.m., following a motion by Member Rosen, and seconded by Member Carroll.

_________________________________________________ John von Paris, Chairman

ITEM 2

MEMORANDUM

TO:

Finance and Administration Committee Amanda Moran, Contract Manager

FROM:

SUBJECT:

Contract MT-00211411, Security Systems Maintenance & Service

DATE:

September 11, 2025

PURPOSE OF MEMORANDUM To seek recommended approval from the Finance and Administration Committee to present Contract No. MT-00211411, Security Systems Maintenance & Service Contract to the full MDTA Board at its next scheduled meeting. SUMMARY This contract provides periodic preventative maintenance, inspection, testing and on-call emergency and non-emergency repair services for Maryland Transportation Authority's (MDTA) security systems. Four (4) bids were received, but one Bid was rejected for being non-responsive. ARK Systems, Inc. was determined to be the responsive and responsible Bidder with the lowest total overall price and therefore is being recommended for award of this contract. RECOMMENDATIONS To provide approval to present the award of Contract No. MT-00211411, Security Systems Maintenance & Service to ARK Systems, Inc. at the MDTA Board’s next scheduled meeting. ATTACHMENT(S) • Finance and Administration Committee Project Summary

2310 Broening Highway • Baltimore, MD 21224 • mdta@mdta.maryland.gov • 410.537.1000 • 711 (MD Relay) • mdta.maryland.gov • DriveEzMD.com

FINANCE & ADMINISTRATION COMMITTEE PROJECT SUMMARY Contract No. MT-00211411 - Security Systems Maintenance & Service

PIN NUMBER

N/A

CONTRACT NUMBER CONTRACT TITLE

MT-00211411

Security Systems Maintenance & Service

PROJECT SUMMARY

This contract provides periodic preventative maintenance, inspection, testing and on-call emergency and non-emergency repair services for Maryland Transportation Authority's (MDTA) security systems. ARK Systems, Inc. was determined to be the responsive and responsible Bidder with the lowest total overall price and therefore is being recommended for award of this contract.

MBE PARTICIPATION

ADVERTISED GOAL (%)

PROPOSED GOAL (%)

MBE PARTICIPATION - OVERALL

SCHEDULE

ADVERTISEMENT DATE ANTICIPATED NTP DATE

OVERALL MBE

N/A

7.00% 1.00%

VSBE

12/1/2025 Five Years

DURATION/TERM

BID PROTEST

YES

NO 

BID RESULTS

BID AMOUNT(S)

INCUMBENT

ARK Systems, Inc.

$ $ $

1,173,542.50 1,330,530.00 2,959,592.94

YES

Starlight Security, Inc. Johnson Controls, Inc.

ITEM 3

Cynthia D. Penny-Ardinger Jeffrey S. Rosen Samuel D. Snead, MCP, MA John F. von Paris

MEMORANDUM

TO:

Finance & Administration Committee Jeffrey Brown, Director of Budget

FROM:

SUBJECT:

FY 2026 Amendment September 11, 2025

DATE:

PURPOSE OF MEMORANDUM The Maryland Transportation Authority (MDTA) requests approval of an amendment to increase the FY 2026 Operating Budget by $1.1 million to purchase 13 MDTA Police pool vehicles. The purchases are in accordance with the collective bargaining agreement with the Fraternal Order of Police (FOP) Lodge #34. According to Section 6.17 of the Trust Agreement, the budget may be amended at any time during the current fiscal year. SUMMARY As a result of collective bargaining, 13 additional police pool vehicles must be purchased in FY 2026. The FY 2026 Amended Operating Budget totals $462.2 million. This represents an increase of $1.1 million, or 0.2%, above the previous FY 2026 budget. The funding by RC is provided in the table below:

SubObject # Cars

Description

FY26 Bud FY26 Am Difference O/(U)

13 Purchase Vehicle - Car, Light Truck 7,770,000 8,862,000 1,092,000

9550 - Traffic Mgmt 0701

RECOMMENDATION Request the Finance and Administration Committee’s concurrence and recommendation to move to the full board for approval of the amended Annual Budget. ATTACHMENT FY 2026 SummaryByObject

2310 Broening Highway • Baltimore, MD 21224 • mdta@mdta.maryland.gov • 410.537.1000 • 711 (MD Relay) • mdta.maryland.gov • DriveEzMD.com

ATTACHMENT

FY26 Am- FY26 Final

Final

Amendment

FY 2026 Budget

Object

Description

Inc/Dec

OBJECT 01 Salaries and Wages

101 REGULAR EARNINGS 102 ADDITIONAL ASSISTANCE 104 OVERTIME EARNINGS 104 OVERTIME EARNINGS - SNOW

152,589,257 152,589,257

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

194,092 6,007,621 1,379,686 983,391

105 SHIFT DIFFERENTIAL

110 MISCELLANEOUS P/R ADJUSTMENTS

259,750 192,471 403,865

111 ANNUAL LEAVE PAYOUTS 112 RECLASSIFICATIONS

151 SOCIAL SECURITY CONTRIBUTIONS

10,936,678 21,801,255 13,019,894 19,650,180 5,204,476 23,925,977 358,077 222,105 3,633,039 0 (12,922,298)

152 HEALTH INSURANCE

154 RETIREE'S HLTH INSURANCE PREM 161 EMPLOYEES RETIREMENT SYSTEM 165 STATE POLICE RETIREMENT SYSTEM 169 LAW ENFORCEMNT OFF PENSION SYS 172 DEFERRED COMPENSATION MATCH 174 UNEMPLOYMENT COMPENSATION 175 WORKERS COMPENSATION 171 BURDEN EXPENSE

189 TURNOVER

199 OTHER FRINGE BENE - CLOTH ALLOW

859,111

248,698,627 248,698,627

Object 02 Technical and Special Fees 202 PER DIEM PAYMENTS

125,000

209 ADMIN/MGMT SERVICES SUPPORT

3,000 1,000

211 EMPLOYEE AWARDS

220 SPECIAL PAYMENTS PAYROLL

1,118,978 1,247,978

Object 03 Communications 301 POSTAGE

51,600 880,904 803,730

302 TELEPHONE

303 TELECOMMUNICATIONS

305 STATE PAID TELECOMMUNCIATIONS 306 CELL PHONE EXPENDITURES

2,000,000 663,181 4,399,415

Object 04 Travel

401 IN STATE/ROUTINE OPERTN TRAVEL 402 INSTATE/CONF/SEMNR/TRNG TRAVEL 403 OUTSTATE/ROUTINE OPERTN TRAVEL 404 OUTSTATE/CONF/SEMNR/TRNG TRAVL

51,377 95,098 63,393 360,978 570,846

Object 06 Fuel and Utilities 603 FUEL-OIL #2

149,300 486,434 4,248,405 416,703 5,300,842 8,018,000 4,025,750 2,721,700 407,863

149,300 486,434 4,248,405 416,703 5,300,842 9,110,000 4,025,750 2,721,700 407,863

606 FUEL-NATURAL GAS/PROPANE 620 UTILITIES-ELECTRICITY 621 UTILITIES-WATER/SEWAGE

Object 07 Motor Vehicle Operations and Maintenance 701 PURCH VEH-CAR,LIGHT TRUCK

1,092,000

13.6% 0.0%

702 VEHICLE GAS & OIL

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 5.3%

703 VEHICLE MAINTENANCE & REPAIR

704 INSURANCE

721 VEHICLE GAS & OIL-WATERCRAFT

49,347

49,347 111,431

722 VEHICLE MAINTENANCE & REPAIR-WATERCRAFT 111,431

724 BOAT SLIP RENTAL/LAUNCHING FEES

4,200

730 PURCH VEH-OTHER LAND VEH - DUMP, TRACTOR 1,816,000

1,816,000 1,000,000 2,500,000

731 LG VEHICLE GAS & OIL 732 LG VEHICLE MAINT & REPAIR

1,000,000 2,500,000

789 COMMUTE CHARGES

(5,000) 50,000

799 OTHER MOTOR VEHICLE CHARGES

20,699,291

21,791,291

1,092,000

Object 08 Contractual Services

801 ADVERTISING/LEGAL PUBLICATION 802 APPLICATIONS SOFTWARE MAINTENANCE 804 PRINTING/REPRODUCTION SERVICE

3,278,691 100,000

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

33,250

807 ENGINEERS

35,940,000 544,018 2,123,609 16,176,962 1,944,667 17,413

808 EQUIPMENT RENTAL

809 EQUIPMENT REPAIRS & MAINT 810 EXTERMINATION SERVICE 812 BUILDING/ROAD REPAIRS & MAINT

813 JANITORIAL SERVICES 814 GROUNDS MAINTENANCE 815 LAUNDRY SERVICE 816 HOUSEKEEPING SERVICES

86,700 3,400

817 LEGAL SERVICES

477,850 1,328,188 594,720 6,947,572 1,241,976

819 EDUCATION/TRAINING CONTRACTS

820 MEDICAL CARE

821 MGMT STUDIES AND CONSULTANTS

823 SECURITY SERVICES 824 LABORATORY SERVICES 825 VETERINARY SERVICES 826 FREIGHT AND DELIVERY

44,278 31,565 17,841 474,648 62,000 900,000 400,000 613,538 100,000 6,000

827 TRASH AND GARBAGE REMOVAL

828 OFFICE ASSISTANCE 829 FISCAL SERVICES

15,715,250

0832 EDUCATION/TRAINING REIMBURSEMENT

841 DP CENTRAL PROCESS SVC

843 DP COMMUNICATIONS CONTROLLERS SVC 849 TELECOMM LINES, MODEMS & CONTRLLR 854 COMPUTER MAINTENANCE CONTRACTS 861 APPL SOFTWARE ACQUISITION 862 APPL SOFTWARE MAINTENANCE 864 SYSTEMS SOFTWARE MAINTENANCE 865 OUTSIDE SVCS-SYS ANALYSIS&DSGN 858 SOFTWARE LICENSES 866 OUTSIDE SVCS-PROGRAMMING 869 OUTSIDE SVCS-COMPUTER USAGE 873 OUTSIDE SVC - E-ZPASS® SVC CENTER 874 OFFICE OF ATTORNEY GENERAL FEE 875 RETIREMENT AGENCY ADMIN FEE 876 STATEWIDE DOIT SERVICES 894 STATEWIDE PERSONNEL SYS ALLOC 897 STATEWIDE ENTERPRISE BUDGET SYSTEM 899 OTHER CONTRACTUAL SVC-NON DP

123,750 50,000 1,501,000 1,000,000 8,000,000 500,000 550,000 45,500,000

44,265 232,588 125,000 41,676

348,402 4,310,702

151,531,519 151,531,519

Object 09 Supplies and Materials 901 AGRICULTURE 902 OFFICE SUPPLIES

53,090 446,170 492,291 488,712

903 ELECTRICAL MATERIALS

904 BUILDING & HOUSEHOLD SUPPLIES 905 ROADWAY MAINT MATERIALS 906 SALT/SNOW MELTING MATERIALS 908 HOUSEKEEPING SUPPLIES 909 MEDICAL SUPPLIES 915 LIBRARY SUPPLIES 917 SMALL TOOLS 918 VETERINARY SUPPLIES 912 WEARING APPAREL-UNIFORMS EMPL 926 DATA PROCESSING SUPPLIES 934 AMMO GUNS FIRING RNGE SUPPLIES 920 FOOD

761,477 1,661,500

74,266 44,807

1,293,258

29,975 348,519 29,381 194,784

32,435 754,811 4,115,000 369,319 11,189,795

951 E-ZPASS TRANSPONDERS

999 OTHER SUPPLIES AND MATERIALS

Object 10 Replacement Equipment

1013 REPL MAINTENANCE & BUILDING EQUIP

296,600 106,357 66,000

1015 REPL OFFICE EQUIPMENT

1019 REPL RADIOS & ELECTRONIC EQUIPMENT

1031 REPL DP EQUIP-MAINFRAME

1033 REPL DP EQUIP-MICROCOMPUTER 1036 REPL DP EQUIP-PERIPHERALS 1099 OTHER REPLACEMENT EQUIPMENT

1,005,200 14,400 541,266 2,029,823

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

Object 11 Additional Equipment

1102 ADDT'L AUDIO-VISUAL EQUIP 1103 ADDT'L CLEANING EQUIPMENT 1107 ADDT'L EDUCATIONAL EQUIPMENT

6,500 10,000

1109 ADDT'L HUMAN ENVIRONMENTAL EQUIPMENT 1113 ADDT'L MAINTENANCE & BUILDING EQUIP 1119 ADDT'L RADIOS & ELECTRONIC EQUIPMENT 1131 ADDT'L DP EQUIP-MAINFRAME 1133 ADDT'L DP EQUIP-MICROCOMPUTER 1199 OTHER ADDITIONAL EQUIPMENT 1115 ADDT'L OFFICE EQUIPMENT

1,000

253,000 238,590 665,000

20,000

1,378,962 2,573,052

Object 13 Fixed Charges

1302 INSURANCE COVERAGE PAID TO STO

907,813 1,100 29,020 283,857

1303 RENT PAID TO DGS 1304 SUBSCRIPTIONS 1305 ASSOCIATION DUES

1308 LICENSES

9,720

1309 INSURANCE (NON STO PAYMENTS) 1320 1320 BAD DEBT EXPENSE (NON TOLLS)

11,596,368

50,000

12,877,878

Total

461,119,067 462,211,067

1,092,000

0.2%

ITEM 4

Cynthia D. Penny-Ardinger Jeffrey S. Rosen Samuel D. Snead, MCP, MA John F. von Paris

MEMORANDUM

TO:

Finance & Administration Committee Director of Budget Jeffrey Brown

FROM:

SUBJECT:

FY 2025 Operating Budget vs. Actual Spending Review

DATE:

September 11, 2025

PURPOSE The purpose of the memorandum is to report on fourth quarter FY 2025 spending compared to the FY 2025 Amended Operating Budget. KEY TAKEAWAY As of June 30, 2025, 95% of the budget was spent compared to a target of 100%. Except for fixed charges, all Object Codes were within or below budget spending levels. SUMMARY Budget analysis threshold: More than $500,000 budgeted with variances greater than +/- 5% of the targeted spending level. • Salaries & Wages/Technical & Special Fees ( Object 01 & 02 - $234.8M Budget ) are at targeted spending levels with a 100% spend rate. • Communications ( Object 03 - $4.3M Budget ) is below budget with a 74% spend rate primarily due to lower telecommunications (telephone, cell phone, etc.) expenses. The primary driver for the underspend due to the delayed installation of a new phone port that was scheduled for FY 2025 but will be completed in FY 2026. • Travel ( Object 4 - $639K Budget ) is below budget with a 42% spend rate. The availability of virtual meetings coupled with new travel guidelines are key drivers for the underspending in this category.

2310 Broening Highway • Baltimore, MD 21224 • mdta@mdta.maryland.gov • 410.537.1000 • 711 (MD Relay) • mdta.maryland.gov • DriveEzMD.com

FY 2025 Operating Budget vs. Actual Spending Review Page Two

• Fuel and Utilities ( Object 06 - $5.0M Budget ) is slightly above budget with a 102% spend rate primarily due to electricity charges partially offset by underspending in fuel oil, natural gas, and water. o Utilities-Electricity ( Object 0620 - $4.0M Budget ) is above budget with 105% spend rate due to market pressures. • Motor Vehicle Operations & Maintenance ( Object 07 - $26.4M Budget ) is below budget with a 77% spend rate. o Vehicle Purchases ( Object 0701 - $16.6M Budget ) is below budget with a 79% spend rate. The laptops and cameras that were part of the MDTA Police vehicle cost were not received by fiscal year end. o Vehicles Gas & Oil ( Object 0702 - $4.0M Budget ) is below budget with a 46% spend rate due to the easing of gas prices compared to budget assumptions. o Vehicles Maintenance & Repair ( Object 0703 - $2.0M Budget ) is below budget with an 88% spend rate. o Other Vehicles Gas & Oil ( Object 0731 - $1.0M Budget ) is below budget with an 87% spend rate. o Large Vehicle Maintenance & Repair ( Object 0732 - $2.1M Budget ) is above budget with an 108% spend rate. o All other major sub-objects are within budget guidelines. • Contractual Services ( Object 08 - $145.9M Budget ) are close to budget with a 90% spend rate. o Advertising ( 0801 - $3.1M Budget) is below budget with a 66% spend rate. Some promotional activity has moved into FY 2026. o Equipment Repairs & Maintenance (0809 - $1.4M Budget) is below budget with a 57% spend rate. This is driven by the VMWare renewal that will be realized in FY 2026 instead of FY 2025. o Building/Road Repairs & Maintenance ( 0812 - $15.5M Budget ) is above budget with a 114% spend rate. Building renovations, repairs (HVAC, boilers, ITS expenses, sludge removal, engineering) and the timing associated with accounting invoices across the operational cost centers drive the performance. o Janitorial Services ( 0813 – $1.8M Budget ) is slightly below budget with a 92% spend rate. o Education & Training ( 0819 - $1.3M Budget ) is below budget with a 62% spend rate. The Career Development Program costs drive the underspend. Spending in this area has not recovered following the pandemic. o Management Studies ( 0821 - $6.2M Budget ) is below budget with a 48% spend rate. A delay in awarding a contract for an A/E contract and reduced activity across the various cost centers drive the performance. o Security Services ( 0823- $1.2M Budget ) is below budget with a 55% spend rate. o Fiscal Services (0829 - $15.9M Budget) is below budget with an 86% spend rate, primarily driven by credit card volume .

FY 2025 Operating Budget vs. Actual Spending Review Page Three

o IT Services ( 0841through 0869 - $13.9M Budget ) is above budget with a 108% spend rate driven by Object 0862 Application Software Maintenance.  Application Software Maintenance ( 0862 - $2.2M Budget ) is above budget with a 277% spend rate. The sharp increase is due to rate and usage increases for the Computer Aided Dispatch and Record Management System. This cost is anticipated to stay elevated in the future. o E-ZPass ® Service Center Costs ( 0873 - $44.0M Budget ) is below budget with an 83% spend rate. Delays in anticipated task order activity coupled with lower than anticipated spending in other areas of the budget are the primary drivers for the underspending in this area. o Other Contractual Services (0899 - $4.4M Budget) is below budget with a 73% spend rate. This is primarily due a lower than budgeted overhead rate for the MSP. • Supplies & Materials ( Object 09- $10.6M Budget ) is below budget with an 78% spend rate. o Roadway Maintenance ( 0905 - $665K Budget ) is below budget with a 73% spend rate due to lower emergency activity. o Salt ( 0906 - $1.9M Budget ) is at a 54% spend rate due to the reduced winter storm activity. o Uniforms (0912 - $1.2M Budget) is below budget with an 87% spend rate. This cost is driven by when the orders are received. o Ammunition ( 0934 - $594K Budget ) is below budget with an 89% spend rate. o Transponders ( 0951 - $4.0M Budget) expense is below budget with an 84% spend rate. • Replacement Equipment (Object 10 - $2.7M Budget ) is below budget with a 56% spend rate. o Microcomputers ( Object 1033 - $1.4M Budget) is below budget with a 59% spend rate. Some computer requirements are being moved to FY 2026. o Other Replacement Equipment (Object 1099 - $529K Budget) is below budget with a 19% spend rate. The performance is driven by the MSP K-9 underspend. • Additional Equipment ( Object 11 - $1.2M Budget ) is below budget with a 47% spend rate mostly due the timing of orders. Reduced spend and accounting invoice timing drive the underspend. • Fixed Costs ( Object 13 - $9.8M Budget ) is over budget with a 126% spend rate. o Insurance ( Object 1309 - $8.5M Budget ) is over budget with a 129% spend rate due to increases in both property and liability insurance.

ATTACHMENT Budget vs Actual by Object 4th Qtr. FY 2025

MDTA OPERATING FUND Bgt vs. Actual by Obj and RC Detail Summary of All Units For the Twelve Months Ending Monday, June 30, 2025

Expenditures This Month

YTD

Budget

Expense

Balance

Spent

OBJECT 01 Salaries and Wages 0101 REGULAR EARNINGS 0102 ADDITIONAL ASSISTANCE 0104 OVERTIME EARNINGS 0104 OVERTIME EARNINGS - SNOW 0105 SHIFT DIFFERENTIAL 0110 MISC P/R ADJUSTMENTS 0111 ACCRUED LEAVE PAYMENTS 0112 RECLASSIFICATIONS 0151 SS CONTRIBUTIONS 0152 HEALTH INSURANCE 0154 RETIREE'S HLTH INS PREM 0161 EMPLOYEES RETIRE SYSTEM 0165 STATE POLICE RETIRE SYSTEM 0169 LAW ENFORCEMNT OFF PENSION 0171 BURDEN EXPENSE 0172 DEFERRED COMP MATCH 0174 UNEMPLOYMENT COMP 0175 WORKERS COMPENSATION

$11,700,363 $144,727,005 $115,906,615 $28,820,390

80.1% 0.0% 96.9% 0.0% 8.2% 226.4% 529.7%

144,964 6,862,807 1,036,191 186,409 217,927 403,865 10,375,642 20,404,594 12,487,606 18,070,076 3,879,976 22,876,047

144,964 209,978

634,254

6,652,830

(5,754) 24,849 72,294

1,126,059 (1,126,059)

85,197 422,067 1,154,448

950,994 (235,658) (936,521) 403,865

478,383

0.0% 1.4% 4.1% 3.9%

43,243 236,800 136,856 39,617

143,859 10,231,783 846,026 19,558,568 481,455 12,006,151 172,161 17,897,915

1.0% 98.6% 0.0% 0.0% 0.0% 2.4% 98.2% 0.0%

1,125,542

3,826,342

53,634

22,876,047

99,839,519 (99,839,519)

4,815,332

2,400 9,870

(2,400)

395,368 52,857

2,902

405,238 3,010,078

2,957,221

0189 TURNOVER

(12,663,613)

0199 OTHER FRINGE - CLOTH ALLOW

1,692

918,711

725,725

192,986

79.0% 100.4%

Total Object 01

19,306,373 233,343,523 234,351,791 (1,008,269)

Object 02 Technical and Special Fees 0202 PER DIEM PAYMENTS 0211 EMPLOYEE AWARDS 0220 SPECIAL PAYMENTS PAYROLL

16,500

150,000

107,500

42,500 1,000

71.7% 0.0% 0.0% 7.3% 31.1% 27.5% 81.5% 90.8% 78.5% 73.5% 32.5% 32.9% 1.2% 51.4% 41.5% 72.5% 98.6% 105.1% 84.5% 101.7% 79.4% 45.9% 88.2% 0.0% 100.0% 28.3% 43.8% 0.0% 0.3% 87.3% 107.8%

1,000

1,328,934 1,479,934

1,328,934 1,372,434

Total Object 02

16,500

107,500

Object 03 Communications 0301 POSTAGE

1,253 35,643 121,088 95,119 253,103

83,227 873,771 775,272 2,001,477 580,690 4,314,437

25,873 240,075 632,077 1,817,809 455,964 3,171,798

57,354 633,696 143,195 183,668

0302 TELEPHONE

0303 TELECOMMUNICATIONS 0305 STATE PAID TELECOMM 0306 CELL PHONE EXPENDITURES

124,726 1,142,639

Total Object 03

Object 04 Travel 0401 IN STATE/ROUTINE TRAVEL 0402 INSTATE/CONF/SEMNR/TRNG 0403 OUTSTATE/ROUTINE OPERTN 0404 OUTSTATE/CONF/SEMNR/TRNG

4,301 7,108

63,193 105,110 63,064 407,878 639,245

20,540 34,555

42,654 70,555 62,321 198,188 373,718

262

743

48,970 60,641

209,690 265,527

Total Object 04

Object 06 Fuel and Utilities 0603 FUEL-OIL #2

1,912 23,861

147,200 427,009 3,951,804 431,203 4,957,216

106,674 421,239 4,151,561 364,272 5,043,746

40,526 5,770

0606 FUEL-NATURAL GAS/PROPANE 0620 UTILITIES-ELECTRICITY 0621 UTILITIES-WATER/SEWAGE

1,014,704

(199,757) 66,931 (86,530)

52,638

Total Object 06

1,093,115

Object 07 Motor Vehicle Operations and Maintenance 0701 PURCH VEH-CAR,LIGHT TRUCK 0702 VEHICLE GAS & OIL 0703 VEHICLE MAINT & REP 0703 VEHICLE MAINT & REP-SNOW 0721 VEH GAS & OIL - WATERCRAFT 0722 VEH MAINT & RE- WATERCRAFT 0724 BOAT SLIP RENTAL/LAUNC FEES 0730 PURCH VEH-OTHER LAND VEH 0704 INSURANCE 0731 GAS & OIL - OTHER LAND VEHICLES 0732 LG VEHICLE MAINT & REPAIR 0732 LG VEHICLE MAINT & RE-SNOW 0741 ELECTRICITY USAGE FOR VEH

2,457,949 81,134 221,856

16,627,990 4,025,750 2,028,957

13,195,774 1,849,365 1,789,603

3,432,216 2,176,385 239,354

5,746

(5,746)

347,163 47,814 64,503

347,163 13,554 28,277

1,981 3,002

34,260 36,226 4,000 193,473 127,389 (160,512) (51,584)

4,000

527

194,000 1,000,000 2,050,000

30,887 259,196

872,611 2,210,512

1,427

51,584

0.0% 0.0%

(60)

0789 COMMUTER CHARGE

(1,055)

(5,000)

(10,808)

5,808 216.2%

SUMMARY

MDTA OPERATING FUND Bgt vs. Actual by Obj and RC Detail Summary of All Units For the Twelve Months Ending Monday, June 30, 2025

Expenditures This Month

YTD

Budget

Expense

Balance

Spent

0799 OTHER MOTOR VEH CHARGES

840

50,000

840

49,160

1.7% 77.0%

26,435,177

20,354,806

6,080,370

Total Object 07

3,057,217

Object 08 Contractual Services 0801 ADVERTISING/LEGAL

507,746

3,064,703 100,000 2,850,000 3,865,000 210,000 585,000 46,200 1,100,000 1,600,000 1,700,000 800,000 6,415,000 15,650,000 501,677 1,356,693

2,031,621

1,033,082 64,375 40,874 182,676 682,998 118,626 278,807 501,966 (68,833) 527,112 (79,287) (422,448) (489,739)

66.3% 35.6% 11.5% 93.6% 82.3% 43.5% 52.3% 54.4% 104.3% 69.0% 109.9% 106.6% 103.1% 100.1% 57.5% 46.5% 45.0% 0.0% 91.8% 53.2% 39.6% 0.0% 142.3% 61.9% 56.2% 48.0% 54.9% 14.7% 146.8% 38.2% 151.3% 29.7% 86.4% 57.4% 90.9% 17.1% 79.9% 100.3% 277.4% 236.8% 70.1% 75.3% 78.6% 82.7% 98.6% 99.4% 0.0% 898.9% 23.5% 73.1% 90.0% 80.2% 68.4% 48.0% 144.4% 73.4% 54.4% 75.2% 44.0%

0802 APPLICATIONS SOFTWARE MAINT 0804 PRINTING/REPRODUCTION 0807 ENGINEERS - Environ (MA0967) 0807 ENGINEERS - Highways (MA0983) 0807 ENGINEERS - Architectural (MA2395) 0807 ENGINEERS - ITS/Electrical (MA2226) 0807 ENGINEERS 0807 ENGINEERS - Structural (MA2055) 0807 ENGINEERS - Traffic (MA2181) 0807 ENGINEERS - Asset Mgmt (MA2869) 0807 ENGINEERS - On-Call (All MR) 0807 ENGINEERS - Annual Insp (MA2471)

4,013

35,625 5,326

661

938,998 835,865 49,986 140,432 212,901 655,115 392,464 269,056

2,667,324 3,182,002 91,374 306,193 598,034 1,668,833 1,172,888 879,287 6,837,448 16,139,739

323,289 6,321,479

502,263 779,926

(586)

0808 EQUIPMENT RENTAL

50,689

0809 EQUIPMENT REPAIRS & MAINT

811

576,767

16,839

7,835

9,004

0810 EXTERMINATION

2,743

0812 BUILDING/ROAD REP & MAINT 0812 BUILDING/ROAD RE & MAINT - On-Cal

1,870,961 3,682,897 171,776

15,468,899

6,959,130 (16,490,231) 10,627,442 (10,627,442)

0813 JANITORIAL SERVICES 0814 GROUNDS MAINTENANCE

1,797,960

1,649,902

148,058 21,070

45,000 3,344

23,930 1,323

0815 LAUNDRY

182

2,021

0816 CONTRACTUAL SVC - HOUSEKEEP

0817 LEGAL SERVICES

53,580 121,237 14,974 775,539 121,385 3,431 2,867 93,254 72,941 139,772 25,700 98,482 1,954,680

226,300 1,337,238 531,720 6,173,622 1,216,976 45,578 31,565 18,613 463,606 61,387 500,000 596,601 185,000 154,194 15,930,250 1,100,000 2,226,200 500,000 7,465,000 415,000 775,000 44,000,000

321,977 827,124 298,855 2,960,644 668,314

(95,676) 510,114 232,865 3,212,978 548,662 38,867 (14,781) 11,497 (237,866) 2,159,691 469,117 45,743 494,639 37,145 43,185

0819 EDUC/TRAINING CONTRACTS

0820 MEDICAL CARE

0821 MGMT STUDIES & CONSULTANTS

0823 SECURITY SERVICES 0824 LABORATORY SERVICES

6,711 46,346 7,116 701,472 18,202 630,883 454,257 101,962 147,855 154,667 10,383

0825 VETERINARIAN

0826 FREIGHT AND DELIVERY 0827 TRASH AND GARBAGE REMOVAL

0828 OFFICE ASSISTANCE 0829 FISCAL SERVICES

13,770,559

0841 DP CENTRAL PROCESS SVC 0843 DP COMM CONTROLLERS SVC 0849 TELECOMM , MODEM/ CNTLRS 0854 COMP MAINTCONTRACTS 0861 APPL SOFTWARE ACQUISITION 0862 APPL SOFTWARE MAINTENANCE 0864 SYSTEMS SOFTWARE MAINT 0865 OUTSIDE SVCS-SYS ANAL &DSGN 0858 SOFTWARE LICENSES 0866 OUTSIDE SVCS-PROGRAMMING 0869 OUTSIDE SVCS-COMPUTER USAGE 0873 OUTSIDE SVC - E-Z PASS SVC CTR 0874 OFFICE OF ATTY GENERAL FEE 0875 RETIRE AGENCY ADMIN FEE 0876 STATEWIDE DOIT SERVICES 0894 STATEWIDE PERS SYS ALLOC 0897 STATE ENTERPRISE BUDGET SYST 0899 OTHER CONTRACT SVC-NON DP

9,422

(473)

(10,383)

927,538

6,174,757 (3,948,556)

9,906

1,184,223 5,234,480 312,346 608,967 36,395,972

(684,223) 2,230,520 102,654 166,033 7,604,028

633,465 38,317 12,599 9,859,784

43,411 233,463 60,962 40,535 12,110

42,799 232,127 547,975 9,538 12,110

612

1,336

72,048

(487,013)

30,997

0 100.0%

810,187

4,400,908

3,218,286

1,182,622

Total Object 08

32,283,169 145,921,604 131,268,352 (10,346,747)

Object 09 Supplies and Materials 0901 AGRICULTURE

6,890 38,842 42,091 116,593 57,875 16,426 5,566 3,446

38,189 418,854 412,635 388,518

30,639 286,505 198,174 560,940

7,550

0902 OFFICE SUPPLIES

132,349 214,461 (172,422) 176,594 848,785 17,446 20,674

0903 ELECTRICAL MATERIALS 0904 BLDG & HOUSEHOLD SUPPLIES 0905 ROADWAY MAINT MATERIALS 0906 SALT/SNOW MELTING MATLS 0908 HOUSEKEEPING SUPPLIES 0909 MEDICAL SUPPLIES

664,618 1,859,664

488,024 1,010,879

70,317 36,910

52,871 16,237

SUMMARY

MDTA OPERATING FUND Bgt vs. Actual by Obj and RC Detail Summary of All Units For the Twelve Months Ending Monday, June 30, 2025

Expenditures This Month

YTD

Budget

Expense

Balance

Spent

0912 WEARING APPAREL-UNIFORMS

174,487

1,187,018

1,037,511

149,506

87.4% 68.0% 110.6% 14.0% 72.5% 100.9% 89.4% 84.3% 47.5% 77.8% 0.0% 76.7% 144.5% 69.0% 0.0% 59.1% 18.9% 55.9%

0915 LIBRARY SUPPLIES 0917 SMALL TOOLS 0918 VETERINARY SUPPLIES

246

29,675 282,950 73,500 189,695

20,181 313,020 10,287 137,545

9,493

82,307 1,313 36,909 8,806 1,551 266,400 14,256 874,004 58,032 21,168 102,440 385,569 65,340 632,549

(30,070) 63,213 52,150

0920 FOOD

0926 DATA PROCESSING SUPPLIES 0934 AMMO GUNS FIRING RNG SUPPLIES 0951 E-ZPASS TRANSPONDERS 0999 OTHER SUPPLIES & MATERIALS Object 10 Replacement Equipment 1002 REPL AUDIO-VISUAL EQUIP 1013 REPL MAINT & BUILDING EQUIP 1015 REPL OFFICE EQUIPMENT 1019 REPL RADIOS & ELECT EQUIP 1031 REPL DP EQUIP-MAINFRAME 1033 REPL DP EQUIP-MICROCOMPU 1099 OTHER REPLACEMENT EQUIP Total Object 09 Object 11 Additional Equipment 1102 ADDT'L AUDIO-VISUAL EQUIP 1103 ADDT'L CLEANING EQUIPMENT 1109 ADDT'L HUMAN ENVVIRO EQUIP 1113 ADDT'L MAINT & BLDG EQUIP 1115 ADDT'L OFFICE EQUIPMENT 1119 ADDT'L RADIOS & ELECT EQUIP 1133 ADDT'L DP EQUIP-MICROCOMP 1136 ADDT'L DP EQUIP-PERIPHERALS 1199 OTHER ADDITIONAL EQUIP Total Object 10

39,746 593,768 3,960,000 334,860 10,580,917

40,099 530,767 3,340,240 159,053 8,232,973

(352)

63,001 619,760 175,807 2,347,944

4,669

(4,669) 93,513 (38,026) 74,770

401,500 85,407 241,000 80,000

307,987 123,433 166,231

80,000 561,880 428,932 1,196,400

811,200 99,968 1,513,487

1,373,080 528,900 2,709,887

1,750

9,500 10,000 1,000 139,715 49,700 475,000 40,000

63,321

(53,821) 10,000 (42,926) (45,184) 462,772 40,000 (1,080) 276,368 629,218

666.5%

0.0%

17,910 182,641 94,885 12,228

(16,910) 1791.1%

16,719 15,566

130.7% 190.9%

2.6% 0.0% 0.0%

1,080

11,779 45,813

459,835 1,184,750

183,467 555,532

39.9% 46.9%

Total Object 11

Object 13 Fixed Charges 1301 RENT 1303 RENT PAID TO DGS 1304 SUBSCRIPTIONS 1305 ASSOCIATION DUES 1302 INS COVERAGE PAID TO STO

(220,800)

105

(105)

0.0% 97.1% 0.0% 89.1% 86.1% 106.3% 129.2% 429.5% 126.2%

838,110 1,100 26,675 372,272

813,531

24,579 1,100 2,917 51,691

950

23,758 320,581

9,184 1,320

1308 LICENSES

7,800

8,291

(491)

1309 INSURANCE (NON STO PAYMENTS)

8,500,000

10,982,133 (2,482,133) 214,740 (86,780,618) 12,363,139 (89,183,060)

1320 BAD DEBT EXPENSE

86,613,078 86,403,732

50,000

Total Object 13

9,795,957

Total All Objects

144,026,216 441,362,646 417,228,654 (87,481,883)

94.5%

SUMMARY

ITEM 5

MEMORANDUM

TO: FROM: SUBJECT: DATE:

MDTA Finance and Administration Committee Assistant Capital Program Manager Jennifer Stump Fourth Quarter Review of FY 2025 Capital Budget vs. Actual Spending September 11 , 2025

PURPOSE OF MEMORANDUM The purpose of the memorandum is to update the MDTA Finance and Administration Committee on the status of actual FY 2025 capital spending against the FY 2025 capital budget in the FY 2025-2030 Draft Consolidated Transportation Program (CTP). This information will be presented to the MDTA Board on September 25, 2025. SUMMARY As of June 30, 2025, 65% of the FY 2025 budget was spent as compared to the targeted spending level of 100%. The total budget for FY 2025 was $809.8 million. The actual spending through the fourth quarter was $525.3 million. ANALYSIS Eight of the 91 projects budgeted in FY 2025 were within the acceptable spending limits of 90% to 110% (plus or minus 10% of the 100% target). The variation is decreased from the 25% reported for the first, second, and third quarters because all allocations, accruals, and FY 2025 invoices were posted. Actual spending through the fourth quarter for ten projects with the highest FY 2025 budgets was $392.5 million. The ten projects are detailed in Attachment A. ATTACHMENT Attachment A – FY 2025 Capital Program Spending – Ten Projects with highest FY 2025 Budgets

2310 Broening Highway • Baltimore, MD 21224 • mdta@mdta.maryland.gov • 410.537.1000 • 711 (MD Relay) • mdta.maryland.gov • DriveEzMD.com

Attachment A

FY 2025 Capital Program Spending Compared to Draft FY 2025-2030 CTP Budget Ten Projects with highest FY 2025 Budgets

FY 2025 Budget Draft FY25-30 CTP ($ Million)

FY 2025 Actual thru 06/30/2025 ($ Million)

FY 2025 4th Qtr Spend Rate

Project Name

$79.1

39%

Key Bridge Rebuild

$204.9

Rehabilitate Decks of Eastbound Span - Phase I I-95 ETL Northbound Extension - MD 152 Interchange Reconstruction I-95 ETL Northbound Extension - Express Toll Lanes to MD 152 I-95 Express Toll Lanes Northbound Transition - MD 152 Interchange Reconstruction

$114.1

$59.0

52%

$50.2

$57.9

115%

$39.4

83%

$47.8

$39.4

$32.4

82%

I-95/Belvidere Road Interchange

$33.9

$22.8

67%

I-95 ETL NBE MD 24 to Bynum Run

$27.0

$23.2

86%

Cleaning and Painting of the Hatem Bridge

$26.4

$35.5

135%

Envelope Repair and Switchgear Replacements at BHT Vent Buildings I-695 Subgrade Improvements at Bear Creek

$24.9

$23.0

92%

$23.9

$20.2

85%

Total

$592.4

$392.5

66%

Page 1 of 1

ITEM 6

MEMORANDUM

TO:

MDTA Finance & Administration Committee

FROM:

Walter Laun, Revenue Manager

SUBJECT:

Fourth Quarter Fiscal Year 2025 Traffic and Revenue Performance

DATE:

September 11, 2025

PURPOSE OF MEMORANDUM To provide the Maryland Transportation Authority (MDTA) Finance & Administration Committee with a quarterly and year-to-date update regarding traffic and toll revenue trends compared to the previous year and the forecast. KEY TAKEAWAYS • For the year ended June 30, 2025, overall collected revenue was above forecast by $35.1 million. • An increase in revenue collected by the Central Collection Unit (CCU) has improved forecasted performance: o Video toll revenue was $8.4 million higher than forecasted. o Civil penalty fee revenue was $33.6 million higher than forecasted. ANALYSIS This quarterly review looks at traffic and toll revenue trends and compares actual system-wide experience with traffic and toll revenue forecasts. CDM Smith tracks and evaluates the performance of traffic at the lane level and traffic and revenue collected on a cash basis.

2310 Broening Highway • Baltimore, MD 21224 • mdta@mdta.maryland.gov • 410.537.1000 • 711 (MD Relay) • mdta.maryland.gov • DriveEzMD.com

Fourth Quarter Fiscal Year 2025 Traffic and Revenue Performance Page Two FY 2025 Actuals compared to FY 2024 Actuals and FY 2025 Forecast versus FY 2025 Actuals

Combined Facilities (including Administrative Revenue)

TRANSACTIONS (in Millions)

REVENUE (in Millions)

FY24 FY25

FY25

FY24 FY25

FY25

Actual Actual Diff % Change Forecast Diff % Diff Actual Actual

Diff % Change Forecast Diff % Diff

Qtr. 1 Qtr. 2 Qtr. 3 Qtr. 4

41.5 40.8 (0.7) -1.6% 41.9 (1.1) -2.6% $ 202.0 $ 192.4 (9.7) $ -4.8% $ 197.6 (5.2) $ -2.6% 40.1 38.4 (1.8) -4.4% 38.6 (0.3)-0.7% 203.0 187.8 (15.2) -7.5% 184.8 3.0 1.6%

37.4 36.5 (0.8) -2.2% 35.3 1.23.5% 187.4 192.9 39.2 41.8 2.6 6.6% 40.8 0.9 -2.3% 190.6 210.3

5.5 2.9% 170.7 22.213.0% 19.7 10.3% 195.2 15.1 7.7%

YTD Totals

158.2 157.5 (0.7) -0.4% 156.7 0.80.5% 783.0 783.4 $ 0.4 0.1% 748.4 35.1 4.7%

*Note: Numbers may not sum due to rounding

As shown in the table above, for the year ended June 30, 2025, systemwide transactions totaled 157.5 million and corresponding toll and administrative revenue totaled $783.4 million. This represents a decrease of (0.7) million transactions, or (0.4)%, compared to the same period last year. The reduction in transactions is mostly attributed to the allision of the M/V DALI with the Francis Scott Key Bridge, which is slightly offset by an increase in transactions on the Intercounty Connector (ICC) and I-95 Express Toll Lanes (ETL) facilities. Year-to-date revenue increased by $0.4 million, or 0.1%, compared to the same period last year. The increase in revenue was mostly attributed to the improved collection of civil penalty fees and growth in traffic on the ICC and ETL facilities. For the year ended June 30, 2025, actual revenue was above forecast by $35.1 million. The variance between forecasted and actual performance was mainly due to higher than projected video toll and civil penalty fee collections, which was partially offset by an underperformance in E- ZPass ® revenue. ATTACHMENTS • Attachment A: Summary of Revenue • Attachment B: Comparison of Official Forecast to Actual Toll Revenue Performance • Attachment C: Analysis of Actual Toll Revenue Performance & Financial Forecast Differences • Attachment D: FY 2025 Forecast vs Actual Revenue – by Facility • Attachment E: FY 2025 Forecast vs. Actual Revenue – By Payment Method • Attachment F: FY 2025 Semi-Annual Update – CDM Smith

Fourth Quarter Fiscal Year 2025 Traffic and Revenue Performance Page Three Attachment A Summary of Revenue

FY2025 Forecasted and Actual Revenue Comparison July 1, 2024 to June 30, 2025

Video, Administrative 1 & Pay-By-Plate

Total

E-ZPass®

Forecast Revenue Actual Revenue

$619,042,153 $129,308,672 $748,350,825

611,126,026 ($7,916,127)

172,295,323 $42,986,651

783,421,349 $35,070,524

Difference

1 Includes items such as Hatem Bridge discount plan ($20.00 annual plan), oversize permit fees, transponder sales, civil penalties, unused trips, commercial post-usage discount & monthly account fees (non-Maryland addresses).

Attachment B Comparison of Official Forecast to Actual Toll Revenue Performance July 1, 2024 to June 30, 2025

Toll Revenue Forecast: Actual Revenue:

$748,350,825

611,126,026 5,458,842 77,484,770 89,351,712

E-ZPass

Pay-By-Plate

Video Toll

Adminstrative Toll

Total Actual Revenue Actual Revenue less Forecasted Revenue

783,421,349 35,070,524

Fourth Quarter Fiscal Year 2025 Traffic and Revenue Performance Page Four Attachment C Analysis of Actual Toll Revenue Performance & Financial Forecast Differences July 1, 2024 to June 30, 2025

Actual Revenue less Forecasted Revenue

$35,070,524

Forecast Assumption Differences: E-ZPass Daily Average Traffic Lower than Forecasted (FY2025) - ongoing E-ZPass NY IAG Processing Delay (FY2025) - one-time (Timing: processed in July 2025)

(6,217,986) (1,698,142)

Pay-By-Plate Usage Higher than Forecasted (FY2025) - ongoing Video Toll Collections Higher than Forecasted (FY2025) - one-time

349,231

8,085,068

Administrative Toll Revenue Higher than Forecasted (FY2025) - one-time (CPFs +$33.6M; E-ZPass Fees +$1.1M)

34,552,353

Total Forecast Assumption Differences Unreconciled/Analyzed Difference

$ 35,070,524

Fourth Quarter Fiscal Year 2025 Traffic and Revenue Performance Page Five Attachment D FY 2025 Forecast vs. Actual Revenue – By Facility

Legacy Facilities

June

Total

July

August

September

October

November

December

January

February

March

April

May

Forecast $ 45,185,963 47,209,783 $ $ 47,544,611 45,096,385 $ $ 44,879,459 43,602,913 $ $ 40,385,423 38,873,263 $ $ 43,227,498 46,895,510 $ $ 50,565,636 46,665,194 $ $ 540,131,637 Actual 45,185,963 47,209,783 43,459,858 48,045,520 43,819,242 40,846,074 41,192,290 36,589,016 44,635,879 37,324,651 39,143,422 61,516,821 $ 528,968,519 Difference - 0 (4,084,754) 2,949,136 (1,060,217) (2,756,839) 806,867 (2,284,247) 1,408,381 (9,570,859) (11,422,214) 14,851,627 (11,163,118) $ Forecast 9,665,417 11,195,365 9,881,085 8,763,426 8,823,715 10,297,368 8,365,459 7,838,172 9,872,598 8,823,354 8,171,839 9,644,023 111,341,820 $ Actual 9,689,031 11,243,983 9,341,005 10,766,324 11,586,407 8,544,401 11,586,037 11,376,123 20,256,990 17,496,814 14,192,728 11,057,153 147,136,994 $ Difference 23,614 48,618 (540,079) 2,002,898 2,762,692 (1,752,967) 3,220,578 3,537,951 10,384,392 8,673,460 6,020,889 1,413,130 $ 35,795,174 Forecast 54,851,380 58,405,148 57,425,696 53,859,811 53,703,173 53,900,280 48,750,881 46,711,435 53,100,096 55,718,864 58,737,475 56,309,217 $ 651,473,457 Actual 54,874,994 58,453,766 52,800,863 58,811,844 55,405,648 49,390,475 52,778,327 47,965,139 64,892,869 54,821,464 53,336,150 72,573,974 $ 676,105,513 Difference 23,614 $ 48,618 $ $ (4,624,833) $ 4,952,033 $ 1,702,475 (4,509,806) $ $ 4,027,445 $ 1,253,704 11,792,773 $ (897,400) $ $ (5,401,325) $ 16,264,757 $ 24,632,056

Intercounty Connector

July

August

September

October

November

December

January

February

March

April

May

June

Total

Forecast $ 7,141,613 $ 5,308,453 $ 5,742,164 $ 5,290,083 $ 4,629,643 $ 4,824,890 $ 4,353,363 $ 4,675,264 $ 5,294,396 $ 5,022,569 $ 5,477,583 $ 4,991,691 $ 62,751,710 Actual 7,141,112 5,308,453 5,443,634 5,639,105 5,429,612 4,833,648 4,568,838 4,491,258 5,760,986 5,077,926 5,182,007 5,670,700 $ 64,547,279 Difference (501) 0 (298,529) 349,022 799,970 8,757 215,475 (184,006) 466,590 55,357 (295,575) 679,009 $ 1,795,569 Forecast 1,474,311 1,786,284 1,429,404 1,214,561 1,362,073 1,621,489 1,291,549 1,228,955 1,491,280 1,443,934 1,340,838 1,441,571 $ 17,126,249 Actual 1,451,952 1,755,921 1,475,741 1,650,133 1,838,717 1,448,685 1,860,255 1,939,429 3,435,857 3,069,321 2,496,459 1,881,172 $ 24,303,641 Difference (22,360) (30,363) 46,337 435,572 476,644 (172,804) 568,706 710,475 1,944,577 1,625,387 1,155,621 439,601 $ 7,177,392 Forecast 8,615,924 7,094,736 7,171,568 6,504,643 5,991,716 6,446,379 5,644,912 5,904,218 6,785,676 6,466,503 6,818,421 6,433,263 $ 79,877,959 Actual 8,593,064 7,064,374 6,919,375 7,289,238 7,268,329 6,282,332 6,429,093 6,430,687 9,196,844 8,147,247 7,678,466 7,551,872 $ 88,850,920 Difference (22,860) $ (30,363) $ (252,193) $ $ 784,595 $ 1,276,614 (164,046) $ $ 784,180 $ 526,469 $ 2,411,168 $ 1,680,743 $ 860,045 $ 1,118,610 $ 8,972,961

I-95 Express Toll Lanes

July

August

September

October

November

December

January

February

March

April

May

June

Total

Forecast $ 1,172,540 $ 1,217,021 $ 1,414,144 $ 1,440,248 $ 1,406,455 $ 1,360,114 $ 1,184,583 $ 1,101,400 $ 1,348,653 $ 1,486,565 $ 1,512,785 $ 1,514,297 $ 16,158,806 Actual 1,172,540 1,217,021 1,100,597 1,233,355 1,058,277 921,618 1,828,821 1,371,953 1,818,066 1,589,896 1,729,658 2,568,427 $ 17,610,228 Difference 0 (0) (313,548) (206,893) (348,178) (438,497) 644,238 270,553 469,413 103,331 216,873 1,054,129 $ 1,451,422

Forecast

57,407 57,407

62,459 62,607

84,516 54,188

82,285 59,554

74,784 56,704

72,361 52,841

60,398 69,132

52,532 75,914 23,383

64,568 86,247 21,679

74,031 93,123 19,092

75,009 93,234 18,225

80,253 93,737 13,484

$ $ $

840,603 854,687 14,084

Actual

Difference

148

(30,329)

(22,731)

(18,080)

(19,520)

8,734

Forecast

1,229,947 1,229,947

1,279,480 1,279,628

1,498,661 1,154,784

1,522,533 1,292,909

1,481,240 1,114,982

1,432,476

1,244,981 1,897,952

1,153,932 1,447,868

1,413,221 1,904,313

1,560,596 1,683,019

1,587,794 1,822,892

1,594,550 $ 16,999,409 2,662,164 $ 18,464,916

Actual

974,459

Difference

148

(343,876) $

(229,624) $

(366,258) $

(458,017) $ $ 652,972 $ 293,936 $ 491,092 $ 122,423 $ 235,098 $ 1,067,614 $ 1,465,506

All Facilities

July

August

September

October

November

December

January

February

March

April

May

June

Total

Forecast $ 64,697,251 66,779,364 $ $ 66,095,925 61,886,987 $ $ 61,176,129 61,779,135 $ $ 55,640,774 53,769,585 $ $ 61,298,993 63,745,963 $ $ 67,143,689 64,337,030 $ $ 748,350,825 Actual 64,698,004 66,797,767 60,875,023 67,393,991 63,788,959 56,647,266 61,105,372 55,843,694 75,994,025 64,651,730 62,837,508 82,788,010 $ 783,421,349 Difference 754 $ 18,403 $ $ (5,220,902) $ 5,507,004 $ 2,612,831 (5,131,869) $ $ 5,464,597 $ 2,074,109 14,695,032 $ $ 905,767 (4,306,181) $ $ 18,450,981 $ 35,070,524

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