budget for aviation and dulles corridor enterprise funds

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2012 BUDGETMetropolitan Washington Airports AuthorityAirports Authority with an annual minimum amount. Revenues from concessions comprise asignificant portion of the Airports Authority’s operating revenues.CONCOURSE A — A regional concourse at Dulles International opened in May 1999, withmore than 71,000 square feet to accommodate 35 regional aircraft positions. Concourse Aand B are joined by a pedestrian bridge.CONCOURSE B — A midfield passenger terminal at Dulles International that opened inFebruary 1998 and was expanded in the Spring 2003, to a total of 550,000 square feet toserve 29 aircraft gates for international and domestic airliners.CONCOURSE C/D — A temporary midfield passenger terminal at Dulles Internationalopened in 1985 (D) and 1986 (C) to serve 47 aircraft gates. United is the main tenant inthese concourses. See “Midfield Concourses.”CONCOURSE C FEDERAL INSPECTION STATION — See “Federal Inspection Station.”CONNECTING PASSENGER — A passenger who transfers from one flight to another enroute to a final destination.CONTINGENCY RESERVE — A reserve comprised of deposits from Toll Road Revenuesand other revenue sources to be used for eligible costs and expenses within the DullesCorridor for unanticipated events or occurrences. Funds will be deposited upon availability.CORRIDOR CAPITAL IMPROVEMENTS PROGRAM (CIP) — A program to methodicallyaddress the planning and implementation of Capital Improvements on the Toll Road andwhich shall be subject to annual review by the Virginia Department of Transportation.COST CENTER — An area of the Airports to which a revenue or expense is attributed, i.e.,airfield, terminal, public parking, rental cars, etc.CUSTOMER SERVICE CENTER — A facility used to service users of the Toll Road includingregistration and maintenance of customer toll accounts, violation processing and verification,and responding to general inquiries.DAILY GARAGES 1 and 2 — Two public parking garages that flank the Hourly Parking Lotin front of the Main Terminal. An underground pedestrian connector provides passengerswith a safe and convenient way to cross the terminal roadways and surface parking lotbetween the Main Terminal and the Daily Garage 1. The connector includes movingsidewalks and climate control. These garages provide approximately 8,550 public parkingspaces.DEBT SERVICE FOR AVIATION — Principal and interest payments on bonds financingairport facilities. The bond financed portions of the CCP are recovered through debt service,instead of depreciation. See “Statement of Operations” for further clarification.292
2012 BUDGETMetropolitan Washington Airports AuthorityDEBT SERVICE FOR DULLES CORRIDOR — Principal and interest payment on TollRevenue Bonds. As stated in the Permit and Operating Agreement, the Airports Authority issolely responsible for obtaining and repaying all financing, at its own cost and risk andwithout recourse to the Virginia Department of Transportation, necessary to maintain,improve, equip, modify, repair and operate the Toll Road and any Capital Improvementsthroughout the Term and necessary to develop and construct the Dulles Corridor MetrorailProject.DEBT SERVICE COVERAGE FOR AVIATION — An amount equal to 125 percent of theportion of Debt Service attributable to bonds, plus other such amounts as may be establishedby any financial agreement.DEBT SERVICE RESERVE FUND FOR DULLES CORRIDOR — Not less frequently thanannually, all Toll Road Revenues shall be budgeted and used solely to pay reserve fundssuch as the Debt Service Reserve Fund. This reserve will fund debt service and otheramounts payable under any Toll Road Financing Documents (including, without limitation,swaps, reimbursement agreements, commercial paper or any other similar products, or anyscheduled TIFIA debt), together with deposits to any reserves created under any Toll RoadFinancing Documents, including the funding of any reasonable cash reserves or escrowaccounts in respect thereof.DEPARTMENT OF RAIL AND PUBLIC TRANSPORTATION (DRPT) — DRPT is an agencyof the State of Virginia that reports to the Secretary of Transportation. DRPT is primarilyresponsible for activities that pertain to rail, public transportation, and commuter services.DEPLANING PASSENGER — Any revenue passenger disembarking at the Airports,including any passenger who will board another aircraft (i.e., connecting passenger).DEPRECIATION — The annual amount charged by the Airports Authority to recover itsinvestment in capital equipment and capital facility projects acquired by the Airports Authorityduring the period from June 7, 1987, through September 30, 1989, and to recover itsinvestment in COMIP projects funded from revenues. See “Statement of Operations” forfurther clarification. Depreciation is not charged for Rates and Charges.DISCRETIONARY GRANTS — See “Federal Grants.”d 2 PROGRAM — In August 2000, the Board approved a $3.4 billion Budget Amendment toauthorize new capital projects at Dulles International including: construction of one of theremaining two parallel runways, including associated taxiway and apron improvements;development of new and expanded terminal facilities, including a Tier 2 Concourse andcompletion of the Concourse B (Tier 1); construction of a People Mover System from theMain Terminal to each of the Tiers; development of a sterile International People MoverSystem; construction of a new air traffic control tower; development of new support facilitiesand utilities; and various roadway and parking improvements to support increased annualgrowth. The program has since been modified.293
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RESOLUTION NO. 11-36Adopting the 20
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for approval before it takes effect
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The Government Finance Officers Ass
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Aviation - Capital, Operating and M
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Comparison of 2011 & 2012 Operating
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budget for aviation and dulles corridor enterprise funds

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