MARYLAND TRANSPORTATION AUTHORITY CASH FLOW FORECAST FY 2025 - 2031
($16.450)
In Millions $
FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 FY 2031
Revenues Toll Revenues
$828.9 $796.7 $769.9 $784.1 $794.5 $801.7 $826.4
Concessions Revenue
4.4
4.5
4.5
4.5
4.5
4.5
4.51 12.80 0.08 48.75
Investment Income & Other Revenue MDOT Loan Repayment - Interest BWI/Port Police Reimbursement
38.9 0.24 41.0
21.9
13.9
12.8
12.8
12.8
0.2
0.2
0.2
0.1
0.1
40.1
41.7
43.3
45.1
46.9
Total Revenues
$913.4 $863.4 $830.2 $844.9 $857.0 $865.9 $892.5
Operating Expenses Operating Account Budget
459.2 144.5
462.2 154.1
463.1 166.8
488.9 188.2
505.7 226.6
526.0 263.1
547.0 281.0
Debt Service
Total Operating Expenses
$603.6 $616.3 $629.9 $677.0 $732.3 $789.1 $828.0
Operating Revenue Net of Expenses
$309.8 $247.1 $200.3 $167.8 $124.7
$76.8
$64.6
Capital Expenses 2026-2031 Total CTP
79.1 524.6
836.5
529.6
896.4 1,128.9 1,570.2 1,806.8
1,112.6 1,726.8
487.5 964.4
1,286.5 1,085.0
Total Expenses (Operating + Capital)
$1,128.2 $1,902.8 $1,714.9 $2,247.2 $2,539.1 $2,515.9 $1,792.3
Capital Funding Source / (Uses) and Intergovernmental Revenue Bonds $0.0
$0.0 $253.7 $455.2 $552.6 $536.7 $411.4
Surety Policy
- -
- -
(0.4) (36.7)
(0.8)
(1.0)
(0.9) (16.3)
(0.7)
FSK Short Term Financing Paydown MDOT Loan Repayment - Principal
-
-
(625.0)
1.5
1.5 5.0
1.5
1.6
1.6
1.6
1.6
I-895 Federal Grant FSK Property Insurance FSK Short Term Financing
-
25.0
50.0
- -
- - -
- - -
350.0
-
- -
-
-
566.3
366.8 529.6
232.5
FSK Federal Grant
60.0 16.6
- -
566.3
896.4 1,128.9
1,112.6
Accrual Accounting Reconciliation
-
-
-
-
-
Total Current Year Sources (Uses) Avai
428.1
572.8
809.3 1,402.3
1,682.1 1,649.9
899.8
Annual Cash Requirements
700.1
1,330.0
905.5
844.9
857.0
865.9
892.5
Annual Cash Surplus/Deficit
$213.3 ($466.6)
($75.3)
$0.0
$0.0
$0.0
$0.0
Total Cash Balance
$975.0 $508.4 $433.1 $433.1 $433.1 $433.1 $433.1
Bonds Outstanding
$2,072.2 $2,580.9 $2,744.1 $3,514.6 $4,243.1 $4,694.8 $4,395.1
Financial Coverage Ratios Unencumbered Cash ($400M minimum) Debt Service Coverage (>2.0x) Rate Covenant Compliance (Legal - 1.0x)
$595.7 $475.3 $400.0 $400.00 $400.00 $400.0 $400.0
3.0 2.2
2.6 2.0
2.2 1.7
1.9 1.5
1.5 1.2
1.3 1.0
1.2 0.9
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