budget for aviation and dulles corridor enterprise funds

2012 BUDGETMetropolitan Washington Airports Authority2011 STATEMENT OF OPERATIONS BY AIRPORTTable 3-23Reagan Dulles(dollars in thousands) National International TotalOperating RevenuesRents $90,579 $ 177,584 $ 268,162Rent Transfers 10,941 25,787 36,729Landing Fees 42,633 76,626 119,259Landing Fee Transfers 3,770 14,227 17,998Tenant Equipment Charges 2,036 1,267 3,303Tenant Equipment Transfers 509 279 788Concessions 77,970 116,101 194,071TSA Security Fees 844 394 1,237International Arrivals Building Fees - 17,145 17,145International Arrivals Building Fees Transfers - 2,850 2,850Passenger Conveyance Fees - 9,392 9,392Passenger Conveyance Transfers - 5,698 5,698Utilities 2,391 6,921 9,312Other Revenues 2,103 5,576 7,679Total Operating Revenues $ 233,776 $ 459,847 $ 693,623Operating ExpensesPersonnel Compensation $ 46,040 $ 67,901 $ 113,941Employee Benefits 17,548 25,530 43,078Travel 608 649 1,257Lease and Rental Payments 2,659 2,734 5,393Utilities 10,263 19,679 29,941Telecommunications 708 708 1,41545025 Aviation Drive 675 675 1,350Dulles East Building - - -Services 30,289 68,679 98,968Supplies, Materials and Fuels 5,780 12,585 18,365Insurance and Risk Management 4,392 4,392 8,785Noncapital Equipment 864 948 1,812Noncapital Facility Projects 1,038 258 1,296Capital Equipment 53 53 105Capital Facility Projects - - -Total Operating Expenses $ 120,917 $ 204,789 $ 325,706Net Revenues $ 112,859 $ 255,058 $ 367,918Debt ServiceBond Principal Payments $ (37,040) $ (70,349) $ (107,389)Interest Expense (63,342) (120,304) (183,646)Reserve Requirements (472) (764) (1,236)Nonoperating Revenue*Interest Income 4,631 12,198 16,829Net Remaining Revenue $ 16,636 $ 75,839 $ 92,476* Changes in the fair v alue of the Forw ard Interest Rate Sw aps are reflected as non-operating rev enue and are recorded as unrealized gains or losses on the Statement ofRev enues, Ex penses and Changes in Net Assets. This is reported in the Authority ' monthly and annual financial statements and is not reflected w ithin the Operating Accounts orInterest Income. Neither the unrealized gain nor unrealized loss affects the rates and charges to the airlines.62