budget for aviation and dulles corridor enterprise funds

2012 BUDGETMetropolitan Washington Airports AuthorityOPERATING EXPENSESAVIATION ENTERPRISE FUND OPERATION AND MAINTENANCE PROGRAMProgram SummaryThe Aviation Enterprise Fund O&M Program provides funding for the daily operation ofReagan National and Dulles International, including those functions performed centrally. The2012 O&M Program level is $653.7 million, which includes $332.3 million for operatingexpenses and $321.3 million for debt service.As elements of the CCP are completed and brought on line, both operating and debtexpenses are significantly impacted. Funding levels for the 2012 O&M Program weredeveloped after reviewing revenue forecasts, the impact of funding increases on landing fees,rental rates, and other rates and charges, prior year actuals, our current program levels, newoperating requirements, and the overall economic climate of the region and airline industry.Expenses are identified separately for Consolidated Functions, Reagan National and DullesInternational. The Consolidated Functions activity includes the Offices of the President andChief Executive Officer, Executive Vice President and Chief Operating Officer, Legal, Audit,Air Service Planning and Development, Communications, Finance, Engineering, BusinessAdministration, Human Resources, Information and Telecommunications Systems, and thecentral staff of Public Safety. Expenses for the Board of Directors are also included in thePresident and Chief Executive Officer’s program, although these expenses are accounted forseparately during budget execution. The expenses for the Police and Fire Departments areincluded in the expenses for Reagan National and Dulles International.65