MartA Funding Sources of Operating and Capital Funds Presented by Kevin L. Hurley, Treasurer June 10, 2019

Agenda Oversight and Governance Jurisdictional Funding Support MARTA Tax Collections Operating and Capital Sources of Funds Provides strong oversight and partnership. Strong visionary leadership.

Oversite and governance

________________________________________________________ Experienced oversight and governance THE METROPOLITAN ATLANTA RAPID TRANSIT OVERVIEW COMMITTEE (MARTOC) Joint (House/Senate) committee, comprised of 12 legislators ________________________________________________________ Board of Directors MARTA is governed by a 14 member Board Twelve members representing Clayton, DeKalb and Fulton Counties and the City of Atlanta City of Atlanta (3) DeKalb County (4) Fulton County (3) Clayton County (2) Two ex-officio members appointed by the State of Georgia GDOT (non-voting) (1) GRTA (voting) (1) MARTA Act is governing legislation identifying sales tax proceeds Provides strong oversight and partnership. Strong visionary leadership.

Governance Executive Management Name Title Joined MARTA Jeffrey A. Parker Chief Executive Officer 2018 Wanda Dunham Chief System Safety Security & Emergency Management 1987 Elizabeth O’Neill Chief Counsel 1995 David Springstead Chief Rail Operations 1997 Gordon L. Hutchinson Chief Financial Officer 2013 Melissa Mullinax Chief of Staff Luz Borrero Chief Administrative Officer Frank Rucker Chief of Capital Programs, Expansion and Innovation 2019 Collie Greenwood Chief Bus Operations Provides strong oversight and partnership. Strong visionary leadership.

Jurisdictional Funding support

Jurisdictional Funding support Who supplies MARTA revenue… Jurisdictions directly supporting MARTA with funding Clayton County DeKalb County Fulton County City of Atlanta Patrons Federal Government State Government Contractual Sources Provides strong oversight and partnership. Strong visionary leadership.

Tax Distribution Bondholders benefit from a broad & balanced sales tax base… 1% Sales Tax collected from Clayton, DeKalb, and Fulton Counties and 1.5% Sales Tax collected from City of Atlanta* Vehicle TAVT received from Clayton, DeKalb & Fulton Counties Broad and balanced - low reliance on volatile sectors * City Sales Tax rate increased 0.5% to 1.5% March 2017 Source: Georgia Department of Revenue, June 2017

Marta tax collections

Marta Tax receipts MARTA Tax Revenue Forecast Increasing tax receipts… Actual Forecast Millions Tax revenue inclusive of Sales Tax and Vehicle TAVT Sales Tax Forecast provided by Georgia State University Economic Forecasting Center – January 2019 City of Atlanta ½ % Sales Tax rate increase began in March 2017

Flow of Funds Bondholders receive priority payment…

Operating and Capital sources & Uses

Operating budget sources of funds

Operating budget uses of funds

Capital budget sources of funds

Capital budget uses of funds

Questions