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

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

3. Oversite and governance

4. ________________________________________________________
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.

5. 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.

6. Jurisdictional Funding support

7. 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.

8. 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

9. Marta tax collections

10. 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

11. Flow of Funds
Bondholders receive priority payment…

12. Operating and Capital sources & Uses

13. Operating budget sources of funds

14. Operating budget uses of funds

15. Capital budget sources of funds

16. Capital budget uses of funds

17. Questions