MARYLAND TRANSPORTATION AUTHORITY FINANCIAL REPORT April 2025
Operating Budget Status
Investment Balances 4/30/2025
Approved FY 2025 Budget
$ $ $
434,062,646 7,300,000 441,362,646
Transportation Authority
Adjustments
Adjusted Budget
Unrestricted
Budget Spending Guideline - April FY 25 Expenditures as of 4/30/2025
83.0% Checking Account Cash
$ $ $ $ $
45,899,900 356,988,116 51,666,297 559,751,736 1,014,306,049
$
326,406,573
General
Percent of Budget Spent
74.0% M&O
Capital (excludes bond proceeds)
Total Unrestricted
Approved FY 2024 Budget FY 24 Final Expenditures Percent of Budget Spent
$ $
485,100,000 454,198,018
Restricted Capital/Construction
93.6%
$ $ $
22,262
Debt Service & Debt Service Reserves
79,777,599 79,799,862
Total Restricted
Toll Revenue Comparison (In-Lane Revenue) Historical Revenue Comparison (Legacy Facilities):
Preliminary*
Total Restricted and Unrestricted
$
1,094,105,911
Non-Recourse
Ten Months Ending April 2025 Ten Months Ending April 2024
$ $
488,273,286 523,230,449
Capital, Revenue, Debt Service, DSRs
$
137,381,505
% Revenue Change
-6.68%
Projected Revenue Comparison (Legacy): Ten Months Ending April 2025
Outstanding Debt
$ $
488,273,286 497,861,050
Forecast through April 2025
4/30/2025
% Revenue Change
-1.93%
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
Ten Months Ending April 2025 Forecast through April 2025
$ $
61,842,565 59,007,525
% Revenue Change
4.80%
Non-Recourse Issues
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 - ETL
Ten Months Ending April 2025 Forecast through April 2025
$ $
13,979,860 13,817,065
BWI PFC Series 2012 A BWI PFC Series 2012 B
1.18% BWI PFC Series 2014
% Revenue Change
* Data is preliminary
BWI PFC Series 2019
Calvert Street Parking Refunding Series 2015
Coverage Ratios Debt Service Coverage (2.0 minimum):
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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