2011BUDGET The Government Finance Officers Association of the United States and Canada (GFOA) presented an award for Distinguished Budget Presentation to the Metropolitan Washington Airports Authority for its annual budget for the fiscal year beginning January 1, 2010. In order to receive this award, a governmental unit must publish a budget document that meets program criteria as a policy document, as an operations guide, as a financial plan, and as a communications device. The award is valid for a period of one year only. We believe our current budget continues to conform to program requirements, and we are submitting it to GFOA to determine its eligibility for another award. METROPOLITAN WASHINGTON AIRPORTS AUTHORITY 2011 BUDGET JANUARY 1 - DECEMBER 31, 2011 BOARD OF DIRECTORS Charles D. Snelling, Chairman Michael L. O’Reilly, Vice Chairman Robert Clarke Brown The Honorable William W. Cobey Jr. Frank M. Conner III The Honorable H.R. Crawford The Honorable Thomas M. Davis III Mamadi Diané The Honorable Michael David Epstein Jack Andrew Garson Leonard Manning Dennis L. Martire Mame Reiley Quince T. Brinkley, Jr., Vice President and Secretary EXECUTIVE STAFF E. Lynn Hampton, President and Chief Executive Officer Margaret E. McKeough, Executive Vice President and Chief Operating Officer Andrew T. Rountree, CPA, Vice President for Finance and Chief Financial Officer Rita Alston, Budget Manager INTENTIONALLY LEFT BLANK TABLE OF CONTENTS Page President=s Budget Message ....................................................................................................... 1 BUDGET PROGRAMS AND ORGANIZATION Budget for Aviation and Dulles Corridor Enterprise Funds ........................................... 19 Purpose, Mission, and Goals .......................................................................................... 22 Budget Preparation, Reporting and Amendment Process .............................................. 24 Budget Calendar for 2011 .............................................................................................. 28 Organization Structure ................................................................................................... 29 Organization Chart ......................................................................................................... 34 AVIATION ENTERPRISE FUND OPERATIONS Budget Summary for Aviation ....................................................................................... 37 Operating Revenues – Comparison of 2009 Actuals to 2010-2011 Budget Pie Charts . 41 Operating Expenses – Comparison of 2009 Actuals to 2010-2011 Budget Pie Charts . 42 Aviation – Operation & Maintenance Financial Overview ........................................................................................................ 43 Operating Revenues ....................................................................................................... 47 Comparison of 2010 and 2011 Operating Revenues ...................................................... 51 Comparison of 2010 and 2011 Concession Revenues ................................................... 52 Comparison of 2009 Actuals to 2010-2011 Budget Pie Charts ..................................... 53 Financial Trends Charts .................................................................................................. 54 Statement of Operations ................................................................................................. 55 Statement of Operations: Comparison of 2009 Actual to 2010 & 2011 Budget ............ 57 2010 Statement of Operations by Airport ...................................................................... 58 2011 Statement of Operations by Airport ...................................................................... 59 2011 Statement of Operations by Airport GAAP Presentation ...................................... 60 Operating Expenses ........................................................................................................ 63 Comparison – 2010 and 2011 Operating Expenses ........................................................ 64 2010 Operation & Maintenance Program by Organization .............................................. 68 2011 Operation & Maintenance Program by Organization .............................................. 69 Operation and Maintenance Program (Actual to Budget) ................................................ 70 Consolidated Functions ........................................................................................ 71 Reagan National ................................................................................................... 72 Dulles International .............................................................................................. 74 2011 Operating Expenses by Organization ...................................................................... 76 2011 Operating Expenses for Consolidated Functions .................................................... 77 2011 Operating Expenses for Reagan National ................................................................ 79 2011 Operating Expenses for Dulles International .......................................................... 80 2011 Operating Expenses for Public Safety ..................................................................... 81 Budget by Cost Centers ....................................................................................................... 83 i Aviation – Capital, Operating and Maintenance Investment Program Program Summary ............................................................................................................ 109 Project Expenditures: 2010 - 2013 ................................................................................... 110 Project Descriptions ......................................................................................................... 118 Aviation – Capital Construction Program Program Summary ............................................................................................................ 141 Reagan National Map ....................................................................................................... 144 Dulles International Map .................................................................................................. 145 Project Expenditures: 2010 - 2017 ................................................................................... 147 Project Descriptions ......................................................................................................... 162 DULLES CORRIDOR ENTERPRISE FUND OPERATIONS Operation and Maintenance Dulles Corridor Operations .............................................................................................. 183 2011 Dulles Corridor Operating Revenues and Interest Income ...................................... 189 2011 Dulles Corridor Operation and Maintenance Program ............................................ 189 Dulles Toll Road Statement of Operations....................................................................... 190 Renewal and Replacement Program Dulles Corridor Renewal and Replacement Program ...................................................... 191 Project Descriptions ......................................................................................................... 193 Dulles Corridor Capital Improvement Program Dulles Corridor Metrorail Project Overview .................................................................... 201 Project Expenditures 2009 - 2015 .................................................................................... 203 Project Descriptions ......................................................................................................... 206 APPENDICES Cost Allocation Plan ............................................................................................................. 225 Authority Activity Facts Airport Snapshots ............................................................................................................. 257 Carrier Shares of Total Enplaned Passengers ................................................................... 258 Air Trade Area .................................................................................................................. 259 Population ......................................................................................................................... 260 Airport Activity Forecasts ................................................................................................ 265 Activity Indicators ............................................................................................................ 269 Aviation Staffing Airports Authority Position Summary .............................................................................. 273 New Positions and Descriptions ....................................................................................... 275 Dulles Corridor Enterprise New Positions and Descriptions ........................................... 279 Aviation Debt Program ........................................................................................................ 281 GLOSSARY ................................................................................................................................ 295 ii November 24, 2010 Mr. Charles D. Snelling Chairman, Board of Directors Metropolitan Washington Airports Authority Dear Mr. Snelling: The recommended 2011 Budget for the Metropolitan