Revenue and Expense Report
Fiscal Year Ended June 30, 2012 (FY2012)
- Legislative Report Chapter 6, Section 28 -
Prepared By:
MassDOT Fiscal Office
October 31, 2012
Table of Contents
MASSACHUSETTS TRANSPORTATION TRUST FUND OPERATING REVENUE AND EXPENSE* .......................3
MASSACHUSETTS TRANSPORTATION TRUST FUND OPERATING EXPENSES BY DIVISION* ..........................4
CAPITAL SOURCES AND EXPENSES* .......................................................................................................................5
CAPITAL EXPENSES BY PROGRAM* .........................................................................................................................6
FEDERAL GRANT REVENUE*....................................................................................................................................7
ADDENDUM
MASSACHUSETTS BAY TRANSPORTATION AUTHORITY STATEMENTS OF REVENUE, EXPENSES, AND
CHANGES IN NET ASSETS (PAGE 5 OF MBTA FINANCIAL STATEMENT)** (((
SOURCES:
*Massachusetts Management, Accounting, and Reporting System
**Massachusetts Bay Transportation Authority Audited Financial Statements
NOTES:
(1) Totals may not add due to rounding.
Leading the Nation in Transportation Excellence
Massachusetts Transportation Trust Fund
Operating Revenue and Expenses - FY2012
OPERATING REVENUES:
Operating Revenue
Toll Revenue - Metropolitan Highway System (MHS)
Toll Revenue - Western Turnpike (WT)
Toll Revenue - Tobin Bridge
MHS & WT Departmental - Permits, Fees
MHS & WT Rental/Lease Income
Non-toll Departmental
Non-toll Rental/Lease Income
Subtotal Operating Revenue
Commonwealth Fund Transfer
Commonwealth Transportation Fund Transfer
Contract Assistance Pledged to Metropolitan Highway System
Contract Assistance for Central Artery Operations/Maintenance
Contract Assistance for Regional Transit Authorities
Subtotal Commonwealth Trust Fund Transfer
Investment Income
ACTUAL FY 2012
183,182,715
116,706,159
33,337,356
31,112,681
33,907,175
8,559,743
3,925,926
410,731,755
188,934,869
100,000,000
25,000,000
15,000,000
328,934,869
1,990,578
TOTAL REVENUES
741,657,202
EXPENSES:
Operating Expenses (See page 4 for expenses by division)
Employee Payroll and Benefits
Materials, Supplies, Services
Office and Administrative Expenses
Construction and Maintenance
Grants, Subsidies, Contract Assistance
Paygo Maintenance
Snow & Ice
Subtotal Operating Expenses
Debt Service
MHS and WT Principal, Interest, and Refinancing Cost of Issuance
158,192,382
54,312,486
69,381,649
9,626,780
61,162,454
85,182,684
38,046,985
475,905,420
TOTAL OPERATING EXPENSES AND DEBT SERVICE
628,724,926
NET REVENUE BEFORE TRANSFERS
Transfers In
Transfers Out
NET REVENUE/(EXPENSE)
112,932,276
112,932,276
Leading the Nation in Transportation Excellence
152,819,506
3
Massachusetts Transportation Trust Fund
Operating Expenses by Division - FY2012
OPERATING EXPENSES BY DIVISION:
Aeronautics
Employee Payroll and Benefits
Materials, Supplies, Services
Office and Administrative Expenses
Subtotal Aeronautics
ACTUAL FY 2012
278,370
9,332
57,206
344,908
Highway
Employee Payroll and Benefits
Materials, Supplies, Services
Office and Administrative Expenses
Construction and Maintenance
Grants, Subsidies, Contract Assistance
Paygo Maintenance
Snow & Ice
Subtotal Highway
98,741,904
42,369,849
24,384,062
5,374,844
88,379
81,276,726
38,019,041
290,254,804
Rail and Transit
Grants, Subsidies, Contract Assistance
Subtotal Rail and Transit
59,235,055
59,235,055
Registry
Employee Payroll and Benefits
Materials, Supplies, Services
Office and Administrative Expenses
Subtotal Registry
41,509,576
9,257,651
29,055,138
79,822,364
Office of the Secretary
Employee Payroll and Benefits
Materials, Supplies, Services
Office and Administrative Expenses
Construction and Maintenance
Grants, Subsidies, Contract Assistance
Paygo Maintenance
Snow & Ice
Subtotal Office of the Secretary
17,662,533
2,675,654
15,885,243
4,251,936
1,839,020
3,905,958
27,945
46,248,288
TOTAL OPERATING EXPENSES BY DIVISION
Leading the Nation in Transportation Excellence
475,905,420
4
Capital Sources and Expenses - FY2012
CAPITAL SOURCES:
Restricted Non-Toll Road Sources
Special Obligation Debt (Gas Tax, ABP)
General Obligation Debt (GO Debt)
Federal Reimbursement - Highway
Federal Reimbursement – Office of the Secretary
Federal Railroad Admin. Reimbursement
Transportation Infrastructure Fund
Defeased Debt (Chapter 27 Non-budgetary)
TOTAL SOURCES
ACTUAL FY 2012
298,086,824
744,281,539
530,262,658
19,159,643
26,323,749
2,919,620
1,621,034,033
CAPITAL EXPENSES (See page 6 for expenses by program)
Aeronautics
Employee Payroll and Benefits
Materials, Supplies, Services
Office and Administrative Expenses
Construction and Maintenance
Grants, Subsidies, Contract Assistance
Subtotal Aeronautics
Highway
Employee Payroll and Benefits
Materials, Supplies, Services
Office and Administrative Expenses
Construction and Maintenance
Grants, Subsidies, Contract Assistance
Subtotal Highway
Rail and Transit
Materials, Supplies, Services
Office and Administrative Expenses
Construction and Maintenance
Grants, Subsidies, Contract Assistance
Subtotal Rail and Transit
Office of the Secretary
Employee Payroll and Benefits
Materials, Supplies, Services
Office and Administrative Expenses
Construction and Maintenance
Grants, Subsidies, Contract Assistance
Subtotal Office of the Secretary
TOTAL CAPITAL EXPENSES BY DIVISION
458,377
108,835
4,149
283,385
13,423,337
14,282,083
160,331,706
38,537,828
14,748,249
1,039,259,740
203,836,221
1,456,713,744
6,043,966
8,960
29,529,607
27,828,020
63,410,553
30,949,675
3,294,780
31,654,935
8,041,668
12,686,593
86,627,652
1,621,034,033
Leading the Nation in Transportation Excellence
5
Capital Expenses by Program - FY2012
CAPITAL EXPENSES BY PROGRAM:
ACTUAL FY 2012
Accelerated Bridge Program
Aeronautics
American Recovery & Reinvestment Act (ARRA)
Chapter 90
Department of Transportation
Federal Aid Interstate
Federal Aid Non-interstate
Intermodal
Mobility Assistance Program
Public Works Economic Development
Rail and Transit
Regional Transit Authority Capital Assistance
State Implementation Plan
Statewide Road and Bridge
Small Town Road Assistance Program
Transit Oriented Development
Central Artery Project
TOTAL CAPITAL EXPENSES BY PROGRAM
298,086,824
14,282,603
66,370,945
199,947,937
815,689
60,510,639
544,716,057
1,030,983
3,059,937
12,265,852
10,583,660
6,285,770
40,767,909
330,985,499
2,203,983
2,795,996
26,323,749
1,621,034,033
Leading the Nation in Transportation Excellence
6
Federal Grant Revenue Report - FY2012
GRANT REVENUES BY FEDERAL AGENCY:
ACTUAL FY 2012
Federal Aviation Administration (FAA)
Airport Improvement Program
Subtotal FAA
Federal Motor Carrier Safety Administration (FMCSA)
Enhancing Information
Safety Data Improvement
Commercial Driver’s License System Information Modernization
Commercial Vehicle Info Systems
Performance/Registration Information System
Subtotal FMCSA
151,631
151,631
308,288
65,410
23,099
574,972
221,172
1,192,941
Federal Rail Administration (FRA)
ARRA –Tiger Grants
ARRA-Knowledge Corridor Restore – Vermonter Project
Subtotal FRA
8,791,243
4,775,632
13,566,875
Federal Transit Administration (FTA)
Jobs Access/Reverse Commute
Section 16B2 Elderly Handicapped
Section 8 Planning Grant
Section 18 Rural Public Transportation
New Freedom Program
ARRA-Formula Grants for Other Than Urbanized Areas
ARRA-Formula Grants for Other Than Urbanized Areas
Subtotal FTA
1,391,449
8,746,626
3,051,266
3,367,493
898,018
160,870
6,377,440
23,993,162
U.S. Department of Homeland Security (DOHS)
Real ID Demonstration Grant
Subtotal DOHS
TOTAL GRANT REVENUE
Leading the Nation in Transportation Excellence
323,177
323,177
39,227,786
7
DRAFT 113990_12 MBTA FS 10/4/12 12:10PM
MASSACHUSETTS BAY TRANSPORTATION AUTHORITY
(A Component Unit of the Massachusetts Department of Transportation)
Statements of Revenue, Expenses, and Changes in Net Assets
Years ended June 30, 20 12 and 20 I I
(Dollars in thousands)
2012
Operating revenue:
Revenue from transportation
Other
$
2011
465.755
63,151
448,81-1
62,321
528,906
511,135
410,156
77,350
183,676
91,988
36,760
7,989
1,346
(22,353)
399,292
67,227
141,035
79,568
34,990
11,125
1,987
(19,351)
786,912
715,873
366,559
212,146
13,122
431,262
8,292
358,679
198,375
3,270
398,010
5,020
1,031,381
963,354
I ,818,293
1,679,227
(1,289,387)
(1,168,092)
779,092
160,000
152, 125
1,230
32,599
43,947
(284,560)
767,057
160,000
150,429
1,809
17,457
32,470
(282,651)
Nonoperating revenue. net
884,433
846,571
Loss before capital grants
(404,954)
(321,521)
246,574
239,361
( 158,380)
(82, 160)
2,761,832
2,843,992
2,603,452
2,761,832
Operating expenses:
Wages and related employee benefits:
Wages
Medical and dental insurance
Other postemployment benefits
Pensions
Social security taxes
Workers' compensation
Other
Capitalized costs
Other operating expenses:
Depreciation and amortization
Materials, supplies. and services
Injuries and damages
Commuter railroad and local subsidy expenses (note 4)
Other
Total operating expenses
Operating loss
Nonoperating revenue (expense):
Dedicated sales tax revenue (note 14)
Contract assistance - Commonwealth of Massachusetts
Dedicated local assessments (note 14)
Fair value change in investment derivative~
Other income
Interest income
Interest expense
Capital grants and contributions
Decrease in net assets
Beginning of year net assets
$
End of year net assets
See accompanying notes to financial statements.
5