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FY19 Annual ReportJuly 1, 2018 - June 30, 2019

By all indications, the past year paved the way for a bright future for the Kansas Turnpike Authority.

During Fiscal Year 2019, the Turnpike maintained a strong financial position. This strong foundation allows us to continue building and making improvements for our customers.

The Turnpike’s net position increased by $45.5M (7.1%) and long-term debt decreased by $27.7M. Toll revenue increased 5.21% from FY18, and the Turnpike maintained its Moody’s Investor Services bond rating of Aa2 with a Stable Outlook.

The face of tolling in Kansas is evolving with new toll legislation passed this year. Now local communities and the state can consider transportation improvements not possible in the past due to funding.

KTA also embarked on a strategic planning process. This realigned the mission, vision and values based on the organization’s strong history, while keeping an eye on the future with new organizational goals.

KTA is committed to continue the evolution of tolling in Kansas. This report highlights our FY19 accomplishments.

On behalf of the board,

Steve HewittTurnpike CEO

It’s a newday at kta

TurnpikeaccomplishmentsNet position increased by $45.5M (7.1%) and long-term debt decreased by $27.7M

The percentage of pavement in “Good” condition exceeded the minimum acceptable condition by 11.4%

Toll revenue was up 5.21% and traffic miles increased 0.30%

38.5M vehicles used the roadway

Moody’s bond rating was Aa2, the highest bond rating for the government-owned toll road sector

97% of customers satisfied with the K-TAG program and 90% satisfied with conditions of the roadway, with construction being a deterrent

2,633 travelers received roadside assistance from the State Farm Safety Assist program

KHP Troop G troopers: 1,754,861 miles driven 16,037 motorists aided 9,694 speeding tickets 1,875 seatbelt/child

restraint violations 1,730 vehicles inspected

267 impaired drivers removed 1,888 commercial vehicles

inspected 253 felony arrests 123 stolen vehicles recovered

numbersAccountability in the

at a glance

For more information about KTA’s FY19 activities, including a comprehensive financial report, visit https://www.ksturnpike.com/about/annual-report

38,535,152VEHICLES MILES

1,723,485,730TOLL REVENUE$124,342,364

P: Passenger | C : Commercial | D&A : Discounts & Adjustments

June 30, 2019

2019

June 30, 2018

2018

Total assets $891,680,475 $855,392,969Total deferred outflows of resources 6,548,729 5,104,653Liabilities 205,556,256 213,838,676Deferred inflows of resources 1,933,484 1,451,619

Total net position $690,739,464 $645,207,327

Operating revenue $132,732,292 $124,885,964Operating expenses 87,144,922 66,922,375Operating income 45,587,370 57,963,589Non-operating revenues (expenses) (55,233) (4,745,110)Change in net position 45,532,137 53,218,479Net position beginning of year 645,207,327 599,270,569Prior period adjustment — (7,281,721)

Net position | end of year $690,739,464 $645,207,327

Balance Sheet | consolidated

Statements of Revenue, Expenses & Change in Net Position | consolidated

33,802,384 1,366,773,105

356,712,625

5,070,108

$78,738,702

$51,397,568

($5,793,906)

(337,340)

P P

CC

P

C

D&AD&A

highlightsBoard approved new mission, vision and value statements and set organizational goals highlighting a new future direction

$35.6M spent on construction projects (repair or maintenance) to improve or preserve the infrastructure

KTA’s roadway and bridge systems both exceeded established condition targets

Capital assets increased to $689M

New toll legislation passed allowing future tolling projects to be financed in part (rather than wholly) by tolls

$33.6M invested in ongoing roadway ($20.4M) and bridge ($13.2M) preservation efforts

Electronic toll collection increased in FY19 and accounts for 62% of collected tolls

Highway speed electronic lanes were introduced at East Topeka

Safety enhancements continued with longer ramps and drainage improvements

Fiscal Year 2019

Since 2016, KTA has raised 42 bridges and invested $27.5M to improvements aiding freight movement

ksturnpike.com myktag.com

KTA moves Kansas forward by operating a safe, reliable and customer-valued turnpike system in a fiscally responsible, business-like manner.

mission

KTA is committed to advancing transportation in Kansas through leadership, innovation and partnerships.

vision

Preserve the turnpike systemSustain financial integrity and stabilityImprove safety and reliabilityPartner to deliver Kansas transportation solutionsModernize the turnpike system

goals

David Lindstrom, Board ChairJulie Lorenz, Sec. of Transportation & Dir. of Kansas TurnpikeMike Petersen, SenatorRichard J. Proehl, RepresentativeTy Masterson, Senator

kta board