Metropolitan Washington Airports Authority Traveler Update on Coronavirus
Financial and Statistics
The Budget encompasses two enterprise funds. The Budget for the Aviation Enterprise Fund is developed using forecasted airline activity levels, concession revenues, expenses for operating programs and infrastructure maintenance expenses, the Airport Use Agreement and Premises Lease, debt service requirements, and review of the economic outlook of the region and the overall airline industry. The Budget for the Dulles Corridor Enterprise Fund is developed using forecasted traffic on the Dulles Toll Road, forecasted toll revenue, expenses for Dulles Toll Road operations, expected Dulles Corridor infrastructure maintenance expenses, and debt service requirements (primarily covering the Dulles Corridor Metrorail Project).
Comprehensive Annual Financial Report
The Comprehensive Annual Financial Report (CAFR) fully discloses the Metropolitan Washington Airports Authority financial position, results of operations, and cash flows in accordance with accounting principles generally accepted in the United States of America. The CAFR is prepared following the guidelines recommended by the Government Finance Officers Association of the United States and Canada.
Unaudited Financial Statements
The presentation of the monthly unaudited financial statements includes two enterprise funds. The Aviation Enterprise Fund encompasses the activity of Ronald Reagan Washington National Airport and Washington Dulles International Airport. The Dulles Corridor Enterprise Fund encompasses the Metropolitan Washington Airports Authority activity within the Dulles Corridor, which includes the Dulles Toll Road and the Dulles Corridor Metrorail Project.
Airline Rates & Charges
Rates and charges are established annually for landing fees, terminal rental rates, etc. that are used to charge the airlines for operating at the airports. The rates and charges which are used to invoice airlines are intended to recover costs of providing specific airport facilities for airlines, as well as to ensure certain debt service requirements are met. Rates and charges are established based on forecasted airline and passenger activity levels, and the related costs. The Airport Use Agreement and Premises Lease provides specific methodology for rates and charges, and permits mid-year, and other adjustments to rates and charges when warranted.
The Metropolitan Washington Airports Authority issues bonds to finance capital infrastructure projects for Washington Dulles International Airport and Ronald Reagan Washington National Airport, the Dulles Toll Road and Dulles Corridor Metrorail Project. The latest Official Statement can be found here. Official statement archives are available here.
A collection of historical financial documents over the last ten years, i.e.; Metropolitan Washington Airports Authority Budgets, Comprehensive Annual Financial Reports, Monthly unaudited Financials and Traffic & Revenue Studies.