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Miami-Dade Expressway Authority Annual Budget Workshop

This annual budget workshop provides an overview of the Miami-Dade Expressway Authority's fiscal year 2020 budget, including revenue sources, toll revenue, operating expenses, work program breakdown, and funding requirements.

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Miami-Dade Expressway Authority Annual Budget Workshop

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  1. Miami-Dade Expressway AuthorityAnnual Budget Workshop Annual Budget & Funding RequirementsFiscal Year (FY) 2020July 1, 2019- June 30, 2020

  2. Annual Budget Summary

  3. Budget Summary

  4. BUDGET Summary • Revenue • Toll Revenue - No rate increase • Provides for Frequent Driver Rewards of $3.5 million • Expenditures • Operating expenses decreased from FY 2019 by $1.6 million or 2.9% • Work Program of $200.5 million in FY 2020 • Use of previously funded R&R account of $31.1 million • Transfer in from flow of funds of $79.4 million • Use of General Reserves of $90.0 million • No Work Program project will be advertised without confirming availability of funding • Debt Service principal and interest for current outstanding debt of $106.6 million • Senior Revenue Bond Coverage 1.75X

  5. Reserves

  6. Work program NEEDS & funding

  7. Proposed MDX Work Program

  8. FY 2020-2024 Work Program Breakdown 5-Year Total $1,316,430

  9. Status of projects Funded * Partnership

  10. SR 836 Dolphin Expressway Major Ongoing Construction Projects SR 836 Improvements from 57th Ave to 17th Ave Construction complete: FY 2020 SR 836/I-95 Interchange Improvements Construction complete: FY 2023 SR 836 Interchange Modifications at 87th Ave Construction complete: FY 2020

  11. SR 874 Don SHULA Expressway Major Ongoing Construction Projects SR 874 Ramp Connector to SW 128th St Construction complete: FY 2021

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