## Hartsfield-Jackson Atlanta International Airport continues to be the economic engine of metropolitan Atlanta and enables the region to compete successfully on the global stage.

Direct business revenue to metropolitan Atlanta increased by almost 40 percent, from $23.5 billion to $32.6 billion annually, between 2005 and 2009, according to the Airport’s economic impact study released last year.

As the economy began its rebound in 2010, the Airport saw significant increases in passenger and cargo volumes. Passenger numbers increased by 1.51 percent to reach 89.3 million — just short of the record 90 million in 2008. International passengers increased by 3.47 percent, topping 9 million for only the second time. The surge in international passengers underscores the necessity and timeliness of completing the Maynard Holbrook Jackson, Jr. International Terminal by spring 2012 to accommodate continued growth and to expand global commerce and investment opportunities.

One of my Administration’s priorities is to increase air cargo operations at Hartsfield-Jackson. Highlighted by the addition last year of a new all-cargo carrier, Asiana Airlines, international air cargo increased by 24.22 percent from 2009 to 2010. The prospects are promising for
further increases in 2011.

Another highlight in 2010 was that Hartsfield-Jackson was named the world’s most efficient airport; it was the eighth consecutive year that the Air Transport Research Society has recognized the Airport for its efficiency.

As Hartsfield-Jackson continues to be a world aviation leader, its sustained growth bodes well for the people and economy of our great city and the region.

Kasim Reed
Mayor, City of Atlanta P.O. Box 20509, Atlanta, GA 30320

PH (404) 530-6600 | WEB www.atlanta-airport.com 

# Message From the Mayor

i Hartsfield-Jackson Atlanta International Airport Prepared by the Department of Aviation’s Office of Public Affairs 

# 2010 Annual Report

HJ_2010 Annual Report Cover.indd 1 2/22/11 12:50 PM

# Brasilia

ii Hartsfield-Jackson Atlanta International Airport Ben DeCosta Aviation General Manager “I have enjoyed my tenure at the Airport, and it has been an honor to lead a collaborative, dynamic team of

professionals. I am confident that this team will ensure the continued success of this world-class facility.” 

# International destinations served by nonstop flights
from Hartsfield-Jackson

(as of July 2010)

iii

HJ_2010 Annual Report Cover.indd 2 2/22/11 12:50 PM

## It is an honor to oversee the world’s busiest and most efficient airport, and I am grateful to Atlanta Mayor Kasim Reed and the Atlanta City Council for entrusting me with this responsibility.

I have inherited a great team of professionals, whose activities behind the scenes keep the Airport running smoothly and prepare it to be even better in the years to come.

The Airport team focuses on four key aspects of our operations at Hartsfield-Jackson: safety and security; customer service; economic vitality; and environmental responsibility. This report illustrates some of the achievements in these important areas in 2010.

Also in 2010, we celebrated the 30th anniversary of the opening of the current midfield terminal complex, and we continued looking to the future with ongoing work on the Maynard Holbrook Jackson, Jr. International Terminal, which is set to open in spring 2012.

As we move forward in 2011, we have adopted new vision and mission

statements:

• The Airport’s new vision is to be the global leader in airport efficiency and customer service excellence.

• The Airport’s mission is to provide the Atlanta region a safe, secure and cost-competitive gateway to the world that drives economic development, operates with the highest level of customer service and efficiency and exercises fiscal and environmental responsibility.

Armed with these new goals, I am excited about leading HartsfieldJackson and being part of its continued success and growth.

Louis Miller Aviation General Manager Hartsfield-Jackson Atlanta International Airport 

# Message From the General Manager

2010 Annual Report 1

### 2 Hartsfield-Jackson Atlanta International Airport 

# Contents

i Message From the Mayor

ii-iii International Destinations Map

1 Message From the General Manager

4-5 Safety and Security

6-7 Customer Service

8-9 Economic Vitality

10-11 Environmental Responsibility

12-13 Maynard Holbrook Jackson, Jr.

International Terminal

14-15 30 Years of Service

16-17 2010 Year in Review

18-74 Financial Report

### 2010 Annual Report 3

### 4 Hartsfield-Jackson Atlanta International Airport 

### Terminal North security checkpoint

### 2010 Annual Report 5 

### The Airport opened its Centralized

Command and Control Center (C4), integrating the Airport Operations Center and Emergency Operations Center into one facility. 

# Safety and Security

The No. 1 priority for airports,

airlines and aviation-related businesses remains safety and security. Ensuring that customers, employees and
visitors are safe and secure
is the cornerstone of all operations at Hartsfield-Jackson and is woven into every decision or activity.

Some safety and security highlights at Hartsfield-Jackson this year: • The Atlanta Police Department received its sixth bomb disposal robot. Designed specifically for planes, trains and buses, the teleMAX bomb disposal robot can fit into tight spaces and run diagnostic tests through its USB port.

• Funding through the federal American Recovery

and Reinvestment Act
was earmarked for the installation of a $5 million approach lighting system for Runway 27L. The approach lights will provide pilots with visual information

to land in bad weather. • The Airport opened its
Centralized Command and Control Center (C4), integrating the Airport Operations Center and Emergency Operations Center into one facility. Combining these
functions means more streamlined responses to incidents reported in and around the Airport.

• The C4 added a new mobile unit to its fleet of emergency response vehicles. The mobile unit enhances emergency response efforts by enabling first responders to conduct meetings, gather information, plan strategies for responses

and coordinate resources
from the site of an incident.

Centralized Command and Control Center

### 6 Hartsfield-Jackson Atlanta International Airport 

# Customer Service

creative concepts, Georgia themes and luxury brands
since fall 2008.

• The Airport made it easier to travel with children by installing Step ’n Wash in all 72 public restrooms throughout the facility, becoming the first major airport to do so. Step
’n Wash units are selfretracting steps, secured permanently beneath restroom sink counters, that

enable children to wash their hands independently.

• The Airport launched “Passport to Service Excellence,” an Airport-wide customer service training program that aims to reach 4,000 employees in the first year of its three-year plan. The Airport’s focus is always on delivering high-quality service to its millions of customers, employees and visitors.

Some customer service highlights at Hartsfield-Jackson this year:

• The Airport completed its retail renaissance, adding more
than 80 new stores with

XpresSpa on Concourse A

### 2010 Annual Report 7 

### The customer service training program aims to empower employees and show them how they can change a bad experience for a customer into a good experience. 

## The goal is to empower employees and teach them how to change a customer’s bad experience into a good one.

• Customers now can easily access the Airport’s Web site, www.atlanta-airport.com, from any mobile device with Internet capabilities. They will see a streamlined, simplified version of the site with information about flights, parking, security wait times,

concessions and more. • The Airport implemented a quick, convenient and secure ticketless parking system inthe west economy and ParkRide B lots with an automated, credit card in/out system.

A small passenger utilizes Step 

## ’n Wash at an Airport
restroom sink counter.

### 8 Hartsfield-Jackson Atlanta International Airport 

# Economic Vitality

Hartsfield-Jackson long has been recognized as the economic engine of metro Atlanta. To support this position, the Airport released its 2009 economic impact study in early 2010.

Some of the highlights from the report, which compared
numbers from 2009 with those in the previous report
in 2005: • On-Airport jobs increased from about 56,500 to 58,000.

• Airport-related jobs in the 28-county metro region increased from 393,100 to 434,400.

• Direct business revenue to
metro Atlanta increased from $23.5 billion to $32.6 billion. • Total business revenue (direct, indirect and induced revenue) to metro Atlanta increased from $44.8 billion to $58.2 billion.

• Direct business revenue to Georgia increased from $26.6 billion to $35.6 billion.

• Total business revenue (direct, indirect and induced revenue) to Georgia increased from $53.7 billion to $68.3 billion.

Asiana Airlines’ arrival at Hartsfield-Jackson in September 2010

### 2010 Annual Report 9 

## • Asiana Airlines began service in September and became the 14th all-cargo
airline to serve HartsfieldJackson and the region. Asiana Airlines’ four weekly cargo flights to Atlanta are expected to create 25jobs and have an estimated $24 million economic impact on Atlanta and the
Southeast. • Also in September, Southwest Airlines proposed an acquisition of AirTran Airways, the Airport’s second-largest passenger carrier. If the acquisition
receives federal and shareholder approval in 2011, Southwest Airlines will enter the Atlanta market, creating anticipated growth for the Airport. Direct business revenue to metro Atlanta increased from $23.5 billion to $32.6 billion. Hartsfield-Jackson rental car center and ATL SkyTrain



## Other economic highlights at Hartsfield-Jackson in 2010:

### 10 Hartsfield-Jackson Atlanta International Airport 

### Maynard H. Jackson Jr. International Terminal Hartsfield-Jackson’s environmental

commitment includes a wetlands restoration program. 

# Environmental Responsibility

Effective environmental management is an ongoing
commitment at HartsfieldJackson.

In 2010, Hartsfield-Jackson
issued its first annual environmental report, chronicling the Airport’s programs for water and energy conservation, recycling, wetlands restoration, noise mitigation and sustainable buildings.

Some of the highlights from the
report:

• The Airport is focused on attaining Leadership in Energy and Environmental Design (LEED) Silver Level certification for the Maynard Holbrook Jackson, Jr. International Terminal, which

which is set to be complete in spring 2012.

Strides toward Silver Level
LEED certification in 2010

included the installation of a 25,000-cubic-foot

“water box.” This structure

catches rainwater
from the terminal’s roof and

releases it into the environment using a series of filters, reducing the environmental impact on the groundwater.

• The Airport’s GreenSortATL recycling program eliminates the need for separate
containers for trash and for each type of recyclablematerial. This year, a stateof-the-art material recycling facility was built and opened to support this innovative recycling program.

• The Airport launched a new Noise Insulation Program (NIP) in 2010. The NIP, a voluntary program approved by the Federal Aviation Administration, is designed to make properties near the Airport more compatible
with aircraft noise. More than 4,000 apartment units and 40 single-family homes are eligible for noise insulation improvements through the program. Hartsfield-Jackson’s GreenSortATL recycling program

### 2010 Annual Report 11 

### Hartsfield-Jackson’s GreenSortATL recycling program

### 12 Hartsfield-Jackson Atlanta International Airport

### 2010 Annual Report 13 

# Maynard Holbrook Jackson, Jr. International Terminal

Construction continued in 2010 on the Maynard Holbrook Jackson, Jr. International Terminal, which is set to be complete in spring 2012.

Among the milestones achieved this year:

• The “topping out” of the building marked the placement of the final piece
of structural steel into the facility.

• Financing was secured to complete construction of

the international terminal.

• The automated people mover (APM) tunnel was

extended to connect
Concourse E to the 12- gate concourse at the international terminal, which will create a 40-gate

international air travel complex for Atlanta.

• The outer shell of the building was nearly finished.

• Crews made major progress on construction of the surrounding roadways. • The APM maintenance and storage area was turned over to APM contract manager

Bombardier.

• The APM system rail was energized for the first time in

November.

• Baggage handling systems

were installed.

• Paving began on Ramp 9.

• The installation of floors and tiles began on the arrivals

level.

The “topping out” event for the Maynard Holbrook Jackson, Jr. International Terminal in April 2010 Financing was secured to complete construction of the

international terminal.

### 14 Hartsfield-Jackson Atlanta International Airport 

### Former general manager Berry spoke at the 30th anniversary of the Central Passenger Terminal Complex.

### 2010 Annual Report 15 

# 30 Years of Service

In September, HartsfieldJackson held a ceremony
to commemorate the 30th anniversary of the Central Passenger Terminal Complex (CPTC), which opened on September 21, 1980. A highlight of the anniversary celebration was a photographic exhibit in the Atrium. The photos and written passages told the story of the 1961 airport terminal and the developments
in aviation that led to the 1980 facility. The celebration in the Airport’s
Atrium included Valerie Jackson, wife of former Atlanta Mayor Maynard H. Jackson Jr., and George Berry, former general manager (1978- 83), along with other former Airport executives and elected
officials.

Among those attending the celebration were former Airport general managers Max Walker (from left), Calvin Carter and George Berry and Richard Stogner, former assistant general manager of midfield development.

### 16 Hartsfield-Jackson Atlanta International Airport 

# 2010 Year in Review

January 

### Hartsfield-Jackson retains its title as the world’s busiest airport in terms of operations and passengers.

Ben DeCosta announces that he is stepping down as general manager, a position he has held for nearly 12 years, when his contract expires on
June 30.

February 

### The Airport hosts Aviation Day at the Capitol.

The Airport Art Program’s “Paper Runway” exhibit is named the Best Museum Exhibition under $100,000 by the Georgia Association of
Museums and Galleries.

March 

### The Airport launches its Flickr page.

Step ’n Wash devices are installed inall 72 public restrooms at HartsfieldJackson.

Hartsfield-Jackson wins Airport Revenue

News’ 2010 Airport With the Best Concessions Program Design award in the large airport division.

April 

### The Airport activates its Twitter

account. April 

### Hartsfield-Jackson earns Air Cargo World magazine’s Award of Excellence for North American cargo operations in its category.

May 

### The Airport celebrates the official completion of the retail program that brought more than 80 new stores to
Hartsfield-Jackson.

Air Cargo Weeknames HartsfieldJackson Airport of the Year.

June 

### A photography exhibit in the Airport Atrium depicts the people and past of Atlanta’s Cabbagetown community.

July 

### The Airport releases its 2009 economic impact study. Direct
business revenue to metro Atlanta increased by almost 40 percent



## — from $23.5 billion in 2005 to $32.6 billion in 2009.

Hartsfield-Jackson earns the 2010 Global Airport Efficiency Excellence Award. For the eighth year in a row, the Air Transport Research Society recognizes the Airport’s world leadership in efficiency.

### 2010 Annual Report 17 

### July 

### The Airport Art Program unveils “Jimmy Carter: Georgia’s Native Son,” an eye-opening exhibit that tells of an ambitious South Georgia peanut farmer who rose to become the state’s 76th governor and the nation’s 39th president.

AugustHartsfield-Jackson names its automated people mover system:
The Plane Train.

September 

### Asiana Airlines becomes the 14thall-cargo airline to serve HartsfieldJackson.

Hartsfield-Jackson officials celebrate the 30th anniversary of the Central Passenger Terminal Complex, which opened on September 21, 1980.

Louis E. Miller is appointed the Airport’s general manager.

October 

### Hartsfield-Jackson officially launches its mobile website. Passengers see a streamlined, simplified version of the Airport’s website on their mobile
devices. October 

### The Airport receives reaffirmed or upgraded credit rating assignments from Fitch Inc. and Moody’s Investors Service relating to bond issuances for financing the construction of the Maynard Holbrook Jackson, Jr. International Terminal and to outstanding bonds.

November The Airport implements a quick,
convenient and secure ticketless payment system for the west economy and Park-Ride B lots.

Hartsfield-Jackson completes the sale for its senior-lien general airport revenue bonds (GARBs) series 2010A and airport passenger facility charge and subordinate-lien general revenue bonds (PFC hybrid bonds) series 2010B, for a combined par value of $587.8 million.

December 

### The Airport introduces electric
shuttle carts to serve customers in the north and south economy parking lots.

Hartsfield-Jackson completes the refinancing of its variable-rate 2003 RFB-C bonds for $524 million.

### 18 Hartsfield-Jackson Atlanta International Airport

### 2010 Annual Report 19 

# City of Atlanta, Department of Aviation 

# Financial Statements
June 30, 2010 and 2009 Independent Auditors’ Report

### 20 Hartsfield-Jackson Atlanta International Airport 

### Independent Auditors’ Report

Honorable Mayor and Members of City Council City of Atlanta, Georgia
Department of Aviation

We have audited the accompanying balance sheets of the Department of Aviation (the “Department”) of the City of Atlanta, Georgia (the “City”), a major enterprise fund of the City, as of and for the years ended June 30, 2010 and 2009, and the related statements of revenues, expenses, and changes in net assets and cash flows. These financial statements are the responsibility of the management of the Department. Our responsibility is to express
an opinion on these financial statements based on our audits.

We conducted our audits in accordance with auditing standards generally accepted in the United States of
America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

As discussed in Note 1, the financial statements of the Department, a major enterprise fund of the City, are intended to present the financial position, the changes in financial position and cash flows of only that portion of the business-type activities of the City that is attributable to the transactions of the Department. They do not purport to, and do not, present fairly the financial position of the City as of June 30, 2010 and 2009, the changes in its financial position, or where applicable, its cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Department as of June 30, 2010 and 2009 and its change in financial position, operations and cash flows for the years then ended, in conformity with accounting principles generally accepted in the United

States of America. 

# Banks, Finley, White, & CO.

Certified Public Accountants 

### BANKS, FINLEY, WHITE, & CO.



### CITY OF ATLANTA, GEORGIA

DEPARTMENT OF AVIATION


### T

ABLE OF C ONTENTS

3504 EAST MAIN STREET	•	COLLEGE PARK, GEORGIA 30337	•	(404) 763-1002

### 2010 Annual Report 21 2010 Annual Report 21 

### The Management’s Discussion and Analysis and Schedules of Funding Progress on pages 22 through 34 and 61, respectively, are not a required part of the basic financial statements but are supplementary information required by accounting principles generally accepted in the United States of America. We have applied certain limited procedures to this information, which consists principally of inquiries of management regarding the methods of measurement and presentation of the required supplementary information. However, we did not
audit the information and we express no opinion on it.

Our audits were conducted for the purpose of forming an opinion on the financial statements that collectively
comprise the Department’s basic financial statement. The statistical section is presented for purpose of additional analysis and is not a required part of the basic financial statement and has not been subjected to the auditing procedures applied in the audit of the basic financial statements accordingly, we express no opinion

on it.

December 30, 2010.

3504 EAST MAIN STREET	•	COLLEGE PARK, GEORGIA 30337	•	(404) 763-1002

### 22 Hartsfield-Jackson Atlanta International Airport 

### Management’s Discussion and Analysis



## MANAGEMENT’S DISCUSSION AND ANALYSIS

The following discussion and analysis of the financial performance and activity of the City of Atlanta, Georgia, Department of Aviation (“the Department”) provides an introduction and understanding of the Department’s basic financial statements for fiscal years ended June 30, 2010 and June 30, 2009. The Department is a major enterprise wholly owned by the City of Atlanta (“the City”) and conducts business-type activities. As such, the Department’s Basic Financial Statements and Required Supplementary Information consist of Management’s Discussion and Analysis (MD&A); Balance Sheets; Statements of Revenues and Expenses, Changes in Net Assets; Statements of Cash Flows; and Notes to the Financial Statements. The MD&A has been prepared by management and should be read in conjunction with the Basic Financial Statements and the attached Notes.

The Department operates Hartsfield-Jackson Atlanta International Airport (“the Airport”) which accommodatedmore than 89.3 million passengers in fiscal year 2010, making it the world’s busiest airport. The Airport is selfsupporting and does not draw on any other City resources in order to fund its operations, nor does the City draw from any Airport revenues in order to fund non-Airport activities.

The Financial Statements

The Department’s financial statements are prepared in accordance with accounting principles generally accepted in the United States of America as promulgated by the Government Accounting Standards Board (GASB). The objective of GASB in developing the new reporting standards is to enhance the understandability and usefulness of the external financial reports of state and local governments to the citizenry, legislative and oversight bodies, as well as investors

and creditors.

The audited financial statements are prepared on an accrual basis where revenues are recognized when earned and expenses recognized when incurred. Capital assets are capitalized and depreciated over their estimated useful lives.

Certain net asset balances are restricted for debt service and construction activities.

As required by City ordinances, the financial activities of the Department are accounted for in separate funds which were established for various purposes. For the purpose of financial reporting, however, the activity in each of these
funds is combined into consolidated financial statements and reported herein. These financial statements represent the Department as a single enterprise in order that its financial performance may be evaluated as a single entity.
The funds which comprise the consolidated statements contained herein are as follows:

### 2010 Annual Report 23 

## Fund # Description Primary Use
5501 Airport Revenue Fund Operating Activities
5502 Airport Renewal and Extension Fund Capital Financing
5503 Airport Facilities Rev. Bond Const. Fund - Ser 1990 Capital Financing
5504 Airport Facilities Rev. Bond Const. Fund - Ser 1994B Capital Financing
5505 Airport Passenger Facility Charge (PFC) Fund Capital Financing
5506 2000 Airport Revenue Bond Fund Capital Financing
5507 2004 Airport Revenue Bond Fund Capital Financing
5508 2004 Airport PFC Bond Fund Capital Financing
5509 2004 Airport Revenue Bond Fund F-K Capital Financing

5511 2004 Airport PFC Bond Fund F-K Capital Financing
5512 CONRAC Customer Service Facility Charge (CFC) Capital Financing
5513 Airport Facilities Revenue Bond Sinking Fund Debt Service

5514 Airport Sinking Fund No. 2 Debt Service

5515 2002 Airport Revenue Bond Fund Capital Financing
5516 2003 Airport Revenue Bond Fund Capital Financing

5517 Airport Facility Revenue Bond Escrow Fund - SE Capital Financing
5518 2006 CONRAC Bond Fund Capital Financing

Budget Policy

In accordance with the City’s policy, the Department prepares an annual budget encompassing the fiscal year, which extends from July through June. The process begins with an estimate of the Department’s potential revenuecollections over the budget period, including both revenues collected from the airlines and those collected from nonairline entities such as parking third-party operators, rental car agencies, airport concessions, and other sources.

From these revenue estimations, the Department deducts an amount equal to the anticipated debt service for the budget period. The remainder is the amount available to fund operating activities. However, the Department does not budget for this entire amount to be spent on operations, but rather budgets surplus revenues into a reserve account. For FY 2010, the amount budgeted to the reserve account was $47,352,949, which represented 12.5%
of anticipated revenues. At the end of the fiscal year, any amount remaining in the reserve account is transferred
to the Renewal and Extension Fund (5502) and is used to fund, in part, the Department’s capital improvement

program.

Airline Leases

The City and most of the airlines serving the Airport have entered into agreements relating to the use of the airfield (the “Airport Use Agreements” or the “Airport Use License Agreement”). Under these agreements, the airlines pay landing fees to the City that offset a portion of operating and maintenance expenses, debt service, and an additional 20% coverage on General Airport Revenue Bonds issued to finance airline-approved airfield capital improvements.

The City also entered into agreements with the principal passenger airlines serving the Airport (the “Contracting Airlines”) relating to their use and lease of the Central Passenger Terminal Complex (the “CPTC Leases”). The CPTC Leases provide for the calculation of terminal rentals and charges by the City to recover a portion of certain operating and maintenance expenses, debt service, and an additional 20% coverage on General Airport Revenue Bonds issued to finance airline approved CPTC projects. Management’s Discussion and Analysis

### 24 Hartsfield-Jackson Atlanta International Airport 

### Both the Airport Use Agreements and the CPTC Leases would have expired on September 20, 2010. However,
under the Extended and Amended Airline Use Agreements and the Extended and Amended Airline Agreements, the Airport has now entered into or will extend or enter into substantially similar agreements with the Contracting Airlines through September 20, 2017. This includes the Proposed 2010 Amendments. Any Contracting Airlines who have not yet entered into the Proposed 2010 Amendments will continue to operate on substantially similar terms by virtue of the month to month extensions of their existing agreements.

The following Contracting Airlines are signatory to the CPTC Leases:

AirTran Airways Midwest Airlines

American Airlines Northwest Airlines

Atlantic Southeast Airlines United Airlines

Continental Airlines US Airways

Delta Air Lines

The signatory airlines above collectively accounted for approximately 98.7% of all aircraft landed weight at the Airport in FY 2010. In addition, a number of other carriers lease terminal space under a 30-day agreement cancelable by either party on 30-days notice.

Overview of FY 2010

The Economy of FY2010 and Its Effects on the Airport

The U.S. Bureau of Economic Analysis reports that US real gross domestic product (GDP) increased by 0.7% in FY 2010 over FY 2009 (the fiscal year’s real GDP is defined as the average of four seasonally adjusted quarters). Real GDP grew slightly in each quarter comprising FY 2010, reflecting the slow economic recovery experienced by the U.S. during this period. While this represented a marked improvement over the prior fiscal year’s decrease of 3.8%, the air travel industry generally lags behind the overall U.S. economy as it emerges from recession. In addition, sustained high rates of U.S. unemployment continue to plague the nation, as the U.S. unemployment rate remained at 9.5% as of June 2010.

Despite these economic pressures, airline traffic volumes did increase in FY 2010. Industry-wide FY 2008 enplanement figures in comparison to FY 2009 showed a passenger decrease of 7.7% as compared to FY 2010 where that figure improved significantly to only a slight 0.1% decrease. Another positive indicator of the industry’s financial health was seen in the behavior of consumers who did choose to fly. Across the nation, airports reported virtually no change in the amount of operating revenue generated per passenger during FY 2010, as compared to the sharp declines seen in prior years.

In FY 2010, Hartsfield-Jackson Atlanta International Airport experienced passenger volumes that were slightly better than the rest of the industry. While the nation’s air travel system experienced a marginal decrease in enplaned passengers of 0.1%, Atlanta’s airport experienced an increase of 1.3%. The strong presence of the Airport’s hub carriers, Delta Air Lines and AirTran Airways, continued to bring a strong flow of connecting traffic through the Airport resulting in better-than-industry passenger volumes. This, along with other factors, contributed to the Airport’s increased operating revenues of 2.9%. Management’s Discussion and Analysis

### 2010 Annual Report 25 

### Despite the modest increase in passenger traffic and revenue performance, the Department has continued to be proactive during FY 2010 in confronting an anticipated slow economic recovery. Particular emphasis has been placed on maintaining robust cash reserves and reducing operating expenses. As of June 30, 2010, the Department had 790 days unrestricted cash on hand. In addition, during the FY 2011 budgeting process, the Department implemented reductions to operating expenses in its revenue fund which resulted in a reduction of $16.3 million of budgeted operating expenses.

Airport Operations

The Airport mission is to provide the Atlanta region a safe, secure and cost-competitive gateway to the world that drives economic development, operates with the highest level of efficiency and exercises fiscal and environmental responsibility. During FY 2010, the Department continued to strive for this objective while also maintaining its strong financial health.

As noted earlier, a sluggish U.S. economy held the Department’s traffic growth to modest levels. Cargo volumes, however, increased significantly over the period due to several initiatives undertaken by the Department to attract
air cargo carriers to the Airport.

Below is a table summarizing traffic statistics for the Department during the FY 2009 and FY 2010:

FY2010 FY2009 July 2009 – June 2010 July 2008 – June 2009 % Change

Total Enplanements 45,375,298 44,808,982 1.3%

International 4,421,551 4,464,750 -0.1%

Domestic 40,953,747 40,344,132 1.5% Flight Operations 963,806 966,456 -0.3% Cargo (metric tons) 621,921 571,255 8.9%



## Financial Performance

Revenues, Expenses, & Change in Net Assets

The increase in passenger traffic at the Airport, as well as several new initiatives and revenue sources, resulted in an operating revenue increase of $11.3 million over FY 2009. This was more than offset, however, by an increase in operating expenses of $31.6 million. The nature of these changes will be discussed in detail in their respective sections, but the result was a net decrease in operating income before depreciation and amortization of $20.3

million.

The Department’s depreciation and amortization expenses continued to increase due to the additional depreciation of several new assets placed in service in FY 2010, most notably the $628.6 million Rental Car Center (RCC). The depreciation in FY 2010 over FY 2009 was $24.0 million.

Non-operating activity also saw significant variation from the previous year. This change was driven primarily by
decreases in both investment income and capital contributions. The decrease in investment income was caused by the Department’s decision to terminate four interest rate swap agreements associated with several of its variable rate General Airport Revenue Bonds (GARBs) series. The total cost to the department for doing this was $58.4 million. In addition to this, the Airport received $60.8 million less in Federal grants than it had in previous years to Management’s Discussion and Analysis

### 26 Hartsfield-Jackson Atlanta International Airport 

### Revenues, Expenses, & Change in Net Assets, continued

fund non-operating activities and other capital projects. This yielded a net reduction in the FY 2010 change to net assets of $127.9 million when compared to FY 2009.

($’s in thousands) FY2010 FY2009

Operating Revenues $ 400,799 $ 389,535
(-) Operating Expenses (210,169) (178,563)
(=) Op. Income Before Depreciation & Amortization 190,630 210,972

(-) Depreciation & Amortization Expense (174,124) (150,133) (=) Operating Income 16,506 60,839

(+) Non-operating Income 83,509 123,108
(+) Capital Contributions 19,266 80,043 (-) Transfer out of the City - (2,116)
(-) Impairment Losses - (14,672) (=) Change in Net Assets $ 119,281 $ 247,202

OPERATING REVENUES

Total operating revenues increased by $11.3 million, or 2.9%, over FY 2009. This increase was primarily due
to increases in aeronautical, or airline-paid, revenues. These aeronautical revenues are recognized primarily in the form of landing fees and lease payments for occupying space within the Airport’s terminal and concourse facilities. A summary of the Department’s operating revenues is presented below, followed by an explanation of significant variances:

($’s in thousands) FY2010 FY2009 Change Parking, car rental, and other concessions $ 202,881 $ 201,281 0.8%
Terminal, maintenance buildings, and other rentals 93.881 88.319 6.3% Landing fees 65,429 62,916 4.0%

Other 38,608 37,019 4.3%
Total operating revenues $ 400,799 $ 389,535 2.9%

Parking, car rental, and other concessions As the U.S. and Georgia economies began their slow recovery during FY 2010, passenger traffic increased at the Airport, both in terms of passengers arriving and departing as well as those connecting through to other
destinations. However, passengers’ propensity to consume continued to remain low as travelers spent less in the Airport’s numerous concession outlets, parking facilities, and car rental venues.

Public parking and car rental revenues were acutely affected as passengers sought less costly modes of transportation to and from the Airport. Revenues from these two sources decreased by a combined $5.5 million
over FY 2009. Alternatively passengers took advantage of other transportation options such as taxis, shuttle buses and MARTA increasing the Airport’s overall ground transportation revenue, and helping to offset the $5.5 million revenue reduction. Management’s Discussion and Analysis

### 2010 Annual Report 27 

### Operating Revenues, continued

Additionally, the Department began collecting revenues to offset the cost of operating and maintaining the Rental Car Facility (RCC), which opened in December of 2009. The amount collected in FY 2010 was $6.2 million,
which more than offset the declining revenue streams in public parking and rental cars.

Parking, car rental, and other concessions:

($’s in thousands) FY 2010 FY 2009 Change

Inside Concessions $ 71,961 $ 70,807 1.5%
Public Telephone 472 461 2.4%
Marketing Fees 54 257 -79.0%
Registered Traveler 204 741 -72.5%

Executive Conference Center 246 376 -34.6%

Car Rentals 26,665 29,758 -10.4%

RCC Cost Recoveries & Rents 6,156 - - Public Parking 95,577 98,016 -2.5%
Ground Transportation 1,546 865 78.7%

Total $ 202,881 $ 201,281 0.8%

Terminal, maintenance building and other rentals
These revenues include all rents paid by the airlines, the airport’s concessions, cargo carriers, and other entities that occupy space and conduct business on Airport property. The standing CPTC Leases require the Department to recover through these rents the cost of operating certain airport facilities, the capital costs incurred in building these facilities, plus a 20% coverage factor. In FY 2010, these rents increased by $5.6 million due to multiple
factors regarding land and CPTC building rentals, recoveries of tenant finishes, and various credits. Among the factors causing the increase in FY 2010 was the collection of rental revenue for occupation of space within the new RCC facility. These rents totaled $1.9 million in FY 2010. Additionally, as projects initiated on the airlines’
and other tenants’ behalf were completed, the Airport began charging new Tenant Finish Rents to these various parties. The total amount for these additional rents in FY 2010 was $3.9 million.

Landing Fees

Landing fees are paid by signatory and non-signatory airlines, meaning those who have signed the standing Airport Use Agreement and those who have not. These fees are collected for aircraft which land at the Airport and are calculated based upon each individual aircraft’s weight. These landing fees are collected in three ways:

1) Basic Landing Fees. These are collected for the purpose of recapturing the operating and maintenance costs associated with the operation and maintenance of the Airport’s 5 runways and
numerous taxiways.

2) Airfield Improvement Program (AIP) Fees. These are collected as recovery of the capital costs associated with the expansion, improvement, and major maintenance of the Airport’s airfield.

3) Aircraft Parking Fees. These are collected for space on the Airport’s aprons used to park

idle aircraft.

In FY 2010, landing fees increased by 4.0% over FY 2009. First, passenger traffic increased which resulted in a higher landed weight, thereby increasing the basic landing fees collected by $0.8 million. Second, three new AIP fees were imposed which generated $0.9 million in additional revenue. Third, as airlines continued to trim the
number of flights system-wide, they needed space to park the unused aircraft. This added demand resulted in an increase of $0.9 million in aircraft parking fees during FY 2010. Management’s Discussion and Analysis

### 28 Hartsfield-Jackson Atlanta International Airport 

### Other Other revenues increased by $1.6 million, or 4.3%, over FY 2009. This was almost exclusively the result of
an increase in the amount of revenue collected for the sale of security items associated with allowing Airport stakeholders access to the various secure areas throughout the facility. Specifically, the price of security badges was raised by 20%.

Operating Expenses

In response to the economic recession and the slow recovery which continued through FY 2010, the Department continued cost containment procedures initiated in FY 2009 throughout its revenue fund (5501) in order to increase its financial flexibility in light of revenue losses. The hiring freeze which began in FY 2009 continued throughout FY 2010, as only those positions deemed absolutely critical to the operation and maintenance of the Airport were filled as vacancies became available. Additionally, extensive efforts were made to reduce the amount of contract services which comprised 30% of the FY 2010 operating expense budget.

In looking at the FY 2010 operating expenses, however, the Department incurred $31.6 million in additional
expenses compared to FY 2009:

($’s in thousands) FY2010 FY2009 Change

Salaries and employee benefits $ 90,912 $ 89,963 1.1%
Repairs, maintenance, and other 82,461 63,812 29.2%

contractual services

General services 15,550 11,721 32.7%

Utilities 8,420 8,438 -0.2%
Materials and supplies 4,164 5,042 -17.4%

Other 8,662 (413) 100.0%
Total Operating Expenses $ 210,169 $ 178,563 17.7%

This large increase in comparative operating expenses during a period of cost containment warrants further
explanation.

In FY 2009, there were $13.8 million in one-time operating expense credits that were not received in FY 2010. In FY 2009 the City of Atlanta’s General Fund credited back to the Department of Aviation $6.7 million in indirect
costs pursuant to a finding in the City’s actuarial study that indicated that the Department of Aviation had been overcharged during the year for services rendered by the General Fund on the Airport’s behalf. Additionally, the Department of Aviation received a $7.1 million credit for litigation expenses incurred in prior years. These
litigation expenses were incurred in anticipation of a future need for the Department to pay any settlement or judgment against it in a large civil case. These payments did not come to fruition, however, and the net amount was credited to the Department in FY 2009. The effect of this when comparing the two years is that FY 2010 expenses appear higher when in actuality the $13.8 million represents an offset to FY 2009, not additional
expenses incurred by the Department in FY 2010. Additionally, as part of a more thorough evaluation of the Department’s project management process an additional $3.6 million in planning and development costs were
incurred in FY 2010 as compared to FY 2009. The final significant item in the overall cost increase relates to the Airport’s new Rental Car Center (RCC). As operations began in December of 2009, the Airport incurred additional expenses for operations, security system requirements and Automated Ground Transportation System upgrades which increased costs by approximately $5.1 million. Management’s Discussion and Analysis

### 2010 Annual Report 29 

### Non-operating Revenues & Expenses

The Department generates non-operating revenue from four main sources: Interest earned from invested cash, passenger facility charges (PFCs), customer facility charges (CFCs), and capital contributions in the form of grants. These revenue sources are not classified as operating because either they are not generated from operating activities, or their use is restricted and cannot pay for operating-type expenses. A brief description of each category and any significant activity during FY 2010 is included below:

Investment Income The Department of Aviation continues to maximize investment income within the constraints imposed by State of Georgia statutes and City Ordinances. Wherever legal requirements permit, cash is pooled in order to achieve maximum cash yields on short-term investments of otherwise idle cash. These investments are highly liquid with

maturities of three months or less.

In FY 2010, the Department terminated four interest rate swap agreements associated with its 2003RF B/C series GARBs, as well as a future unissued refunding bond series. Because these series were variable rate bonds, the swaps were issued as a hedge against rising interest rates in order to synthetically fix the rate. With interest rates falling to historic lows in FY 2009 and FY 2010, as well as volatility in the market, the Department decided to negotiate a swap termination in conjunction with the refunding of its 2003RF B/C GARBs. The cost to the Department to do this was $58.4 million. This offset the $20.1 million in other investment income, resulting in a net $38.4 million

loss in FY 2010.

Passenger Facility Charges (PFCs) In 1990, the U.S. Congress established PFCs as part of the Aviation Safety and Capacity Expansion Act of 1990. The Act states that an airport may collect PFCs from passengers in order to pay for the cost of designing and constructing eligible airport capital projects or to repay debt service issued to build such projects. PFCs are
collected by the air carriers when passengers purchase their tickets and are remitted to the Airport on a monthly basis. PFCs are a major source of funding for the Airport’s Capital Improvement Program. The Airport currently collects a $4.50 PFC per enplaned passenger, which amounts to more than $160 million a year for the Airport. The Airport currently has FAA approval to use PFCs on projects totaling more than $3.3 billion. PFC revenue decreased by $1.9 million in FY 2010, which is a decrease of 1.1% over FY 2009.

Customer Facility Charges (CFCs) The Airport collects CFCs as a means to fund the construction and operation of its Rental Car Facility, or RCC,
which opened in December of 2009. CFC’s are also used to fund the debt service on the Department’s CFC-related bonds. These CFC’s are collected by the rental car tenants and remitted to the Airport on a monthly basis. The Airport collects $4.50 for each transaction day. However, beginning in FY 2011, the Airport will begin collecting $5.00 for each transaction day.

While rental car transaction days were down by 2.2% compared to FY 2009, gross CFC revenue increased by 4.8% to $24.2 million in FY 2010. This is because the CFC rate charged in FY 2009 was $4.00 per transaction day.
However, per the lease agreement with the RCC tenants, a portion of the collected CFCs will be applied as operating revenue to offset operating and maintenance expenses associated with the complex. The amount of CFCs applied for these expenses in FY 2010 was $2.8 million. Thus, CFC revenues at the Airport were $21.3 million in FY 2010 - down by $1.8 million over FY 2009. This amounts to a 7.9% decrease.

Capital Contribution The Airport receives Airport Improvement Program (AIP) and other grants through the Federal Aviation Administration (FAA) and other federal and state agencies. In FY 2010, the Airport received $19.3 million in grants in order to
support its capital program and other non-operating activity from various agencies. Management’s Discussion and Analysis

### 30 Hartsfield-Jackson Atlanta International Airport 

### Assets, Liabilities, & Net Assets

A summary of the Department’s assets is detailed below, including a breakdown of both unrestricted and restricted cash balances as of the end of fiscal years 2009 and 2010. Restricted cash represents those amounts received for a specific use as dictated by Federal, state, or applicable City law. Examples of restricted
cash are proceeds received from PFCs, CFCs, Federal Grants, General Airport Revenue Bonds (GARBs), and amounts held in the Airport’s sinking fund used to service debt payments.

($’s in thousands) FY2010 FY2009
Cash & Cash Equivalents
Unrestricted Cash & Cash Equivalents

and Pooled Investments $ 454,809 $ 460,074
Restricted Cash & Cash Equivalents

and Investments 859,458 1,136,801
Total Cash & Cash Equivalents 1,314,267 1,596,875

Other Current Assets 47,361 47,217

Capital Assets

Fixed Assets 5,804,850 4,983,971

CIP 1,124,668 1,473,405
Less: Accumulated Depreciation (1,693,391) (1,528,482)
Total Capital Assets 5,236,127 4,928,894

Deferred Assets 107,509 115,852

Total Assets $ 6,705,264 $ 6,688,838

Cash balances decreased during FY 2010 as the Department used cash to fund many of its on-going capital projects. However, 790 days of unrestricted cash on hand was maintained as of June 30, 2010 which is well
above the industry average. The Department is committed to sustaining adequate cash reserves on hand in order to preserve financial flexibility in the face of future uncertainties.

Fixed Assets increased by $820.9 million during the fiscal year. This increase is the net result of projects being
released from the CIP account, capital assets being procured during the fiscal year, and existing fixed assets being removed or degraded during the fiscal year:

($’s in thousands)

Rental Car Center (RCC) $ 628,637
Airfield Improvements 68,799 Security Screening Enhancements 26,280 AGTS Upgrades & Enhancements 22,884 Improved Security Access Control System 21,049
Terminal Plant Improvements 19,117
ARFF Training Facility 14,530
Other Miscellaneous Improvements (net) 19,583
Total Projects Placed in Service, FY 2010 $ 820,879 Management’s Discussion and Analysis

### 2010 Annual Report 31 

### The Department has continued to responsibly manage its outstanding liabilities. In FY 2010 the pay down of long-term debt resulted in a reduction of outstanding principle on the GARBs. In addition, the Department was able to meet its goal of paying vendors on a net 30-day basis. A summary of the Department’s liabilities and net

assets is contained below:

($’s in thousands) FY 2010 FY 2009

Current Liabilities $ 358,338 $ 339,937

Long-Term Liabilities Revenue Bonds Payable, Net of Current Mat. 2,161,744 2,287,913 Other Long-Term Liabilities 51,085 46,172
Total Long-Term Liabilities 2,212,829 2,334,085

Total Liabilities 2,571,167 2,674,022

Total Net Assets 4,134,097 4,014,816

Total Liabilities and Net Assets $ 6,705,264 $ 6,688,838

Total Assets $ 6,705,264 $ 6,688,838

Total net assets increased by $119.3 million during FY 2010. A summary of the contributions to this increase is

contained below:

($’s in thousands) 2009 2008 Operating revenues $ 400,799 $ 389,535

(+) Investment Income (38,382) 27,254
(+) Other income (restricted - PFCs and CFCs) 186,338 190,047
(=) Total revenues 548,755 606,836

Operating expenses 210,169 178,563
(+) Interest expenses 64,572 81,559 (+) Other non-operating expenses (income) (125) 12,634
(+) Depreciation and Amortization 174,124 150,133
(=) Total Expenses 448,740 422,889

Excess of Revenues over expenses 100,015 183,947 (+) Capital contributions (restricted - grants) 19,266 80,043
(-) Special item-impairment losses – (14,672) (-) Transfer out to city – (2,116) (=) Change in net assets 119,281 247,202

Change in net assets 119,281 247,202 (+) Net assets at beginning of year 4,014,816 3,767,614 

## (=) Net assets at end of year $ 4,134,097 $ 4,014,816 Management’s Discussion and Analysis

### 32 Hartsfield-Jackson Atlanta International Airport 

### Airport Capital Assets and Capital Improvement Plan

As of June 30, 2010 and 2009, the Airport had capital assets of $5.2 billion and $4.9 billion, respectively. The Airport continues to implement its capital improvement plan (CIP) which includes $6.0 billion worth of capital
projects designed to provide passengers with state of the art facilities and unparalleled customer service while preparing the Airport for future growth. A list of the projects contained in the CIP and their respective costs (or projected costs) and statuses are presented below:

($’s in millions)
Project Est. Cost Status

Runway 10/28 $ 1,209 Completed
Terminal Upgrade Projects 1,394 Est. Completion 2014
Maynard H. Jackson International Terminal 1,508 Est. Completion 2012

Rental Car Center 629 Completed Other Airfield Projects 752 Est. Completion 2014 Other Projects 556 Est. Completion 2014

Total CIP $ 6,048

In FY 2010 construction continued on the Maynard Holbrook Jackson, Jr. International Terminal (MHJIT), which
included the ongoing construction on the automated people mover tunnels required to extend the train system from Concourse E to the MHJIT. The complex will include 12 international wide-body aircraft passenger gates, bringing the Airport’s total gates designated as international to 40. It will feature improved passenger services such as angled island ticketing similar to what was recently installed in the South Terminal. It will also provide support facilities including parking, concessions, duty free areas, ticketing, baggage claim, and other traveler comforts. The project is slated to be completed in spring of 2012.

The Rental Car Center (RCC) completed construction in December of 2009. The RCC includes two garages with a total of 8,600 rental car spaces, a customer service center, and an automated people mover train system with three stations - including one that will service the area surrounding the Georgia International Convention Center.

Long-Term Debt

As of June 30, 2010, the Department had a total of $2.2 billion outstanding in General Airport Revenue, PFC,
and Taxable Revenue Bonds. These bonds mature from 2011 to 2034, with interest rates ranging from 3.50% to 7.25%. Both principal and interest are payable from operating revenues, PFC, CFC, and federal grants under the provision of the restated and amended Master Bond Ordinance. The bonds do not constitute debt of the City of Atlanta or a pledge of the full faith and credit of the City.

During FY 2009 and FY 2010, the US financial establishment experienced an unprecedented reduction of liquidity
in the capital markets. As capital became scarce and interest rates dropped to historic lows, the Department reevaluated its debt portfolio in an effort to reduce its overall cost of borrowing and exposure to interest rate

risk.

On the advice of our Financial Advisors, the Department has adopted as policy that it will eliminate all variable
rate debt instruments as well as any derivatives associated with these securities. To accomplish this, the Department has either taken, or is planning to take, the following actions: Management’s Discussion and Analysis

### 2010 Annual Report 33 

### •	 2004	D	Bonds	–	As	of	June	30,	2010,	all	$89.7	million	of	the	2004	D	series	auction	rate	bonds	had

been retired. •	 2004	E	Bonds	–	As	of	June	30,	2010,	$110.0	million	of	the	original	$146.6	million	2004	E	series
auction rate bonds had been retired. The outstanding amount of these securities as of this date was $36.6 million. It is the Department’s intention to retire the remaining balance of the 2004
E auction rate bonds by the end of FY 2011. This action will eliminate all variable rate PFC hybrid debt
instruments from the Department’s balance sheets.

• 2003 RF-B/C Variable Rate Bonds – The Departments of Aviation and Finance will refund the $490.2
million outstanding 2003 RF-B/C Variable Rate Demand Bonds with fixed debt in December of 2010.
This action will eliminate all variable rate GARB debt instruments from the Department’s balance sheets. •	 Swaps	1	&	2	–	These	swaps	were	entered	into	as	a	means	of	lowering	borrowing	costs	by	synthetically
fixing the interest rates on the Series 2003 RF-B/C Variable Rate Bonds. Because of the U.S. financial
market events in FY 2009, interest rates moved in such a manner as to cause the department to make substantial monthly payments to the counterparty in order to satisfy the terms of the swap. On July
26, 2009, the Department terminated these swaps with the counterparties in order to eliminate these monthly payments. The amount negotiated to terminate these swaps was $18.5 million.
•	 Swaps	3	&	4	–	These	swaps	were	entered	into	as	a	hedge	against	a	potential	refunding	issue
for the 2000A and 2000B series GARBs. Payments associated with these swaps were to begin on 1 January 2010. Because of the Department’s policy to eliminate variable rate debt, and to avoid future swap payments to the counterparties, the Department terminated these swaps on December 23, 2009. The amount negotiated to terminate these swaps was $40.0 million.

Since 2000, the Department has satisfied the Debt Service Reserve requirement with surety policies. As a result of the downgrade in the ratings of FGIC Insurance, on May 1, 2008 the Department of Aviation began making equal monthly deposits ($6.1 million) for a twenty-four month period to the Debt Service Reserve. The deposits
are in compliance with the Master Bond Ordinance.

Subsequent Events

On August 31, 2010, the Department entered into an agreement with the signatory airlines for supplemental rental payments to be made to the Airport in the fiscal years 2013-2016. The aggregate amount to be paid to the Airport is $30.0 million to be paid in various amounts over the four-year period. As part of this agreement,
the Airport has agreed to make contractual payments to the signatory airlines during the fiscal years 2015- 2017. The amount of these contractual payments is dependent upon the Airport’s financial performance in those fiscal years. An estimated schedule of these payments is included below:

($’s in millions) FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 Supplemental CPTC Rentals $ 12.0 $ 8.0 $ 5.0 $ 5.0 $ -
Contractual Pmts. to Airlines $ - $ - $ 4.9 $ 7.5 $ 5.1

On November 16, 2010, the Department issued $587.8 million of fixed rate bonds in order to finance
thecontinued planning and construction of its Capital Improvement Program. These bonds were issued in two series and comprise General Airport Revenue Bonds (GARBs) and Airport Passenger Facility Charge and Subordinate Lien General Revenue Bonds (PFC Hybrid Bonds): (all amounts are in thousands) Management’s Discussion and Analysis

### 34 Hartsfield-Jackson Atlanta International Airport 

### Subsequent Events, continued

Type Par Value

Series 2010A GARBs $ 177,900
PFC Hybrid

Series 2010B Bonds $ 409,810

On December 23, 2010, the Department issued $524.0 million of fixed rate bonds in order to refund the
2003RF B/C variable rate GARBs. These bonds were issued in one series: (amount is in thousands)

Type Par Value Refunding

Series 2010C GARBs $ 524,045

Requests for Information

This financial report is designed to provide a general overview of the Department’s finances for all interested parties. Questions concerning any of the information provided in this report, or requests for additional

information should be addressed to:

Chief Financial Officer

P.O. Box 20509
Atlanta, GA 30320 Management’s Discussion and Analysis

### 2010 Annual Report 35 

### 2010 2009

ASSETS

Current assets:
Cash and cash equivalents $ 11,855 $ 5,329

Restricted cash 93,200 99,445
Investment in pooled investment fund (Note 2) 442,954 454,745
Accounts receivable, net of allowance for doubtful accounts of $4,382 for 2010 and $3,902 for 2009 6,891 11,329
Restricted assets (Note 4) 36,349 32,990
Prepaid expenses 755 1,534 Due from other funds of the City of Atlanta

— — Materials and supplies, net of allowance for obsolescence of $585 in 2009 and $570 in 2008 3,366 1,364

Total current assets 595,370 606,736

Restricted investments (Note 2 and 4) 766,258 1,037,356

Capital assets:

Land 583,067 582,119
Land purchased for noise abatement 265,104 270,158
Runways, taxiways, and other land improvements 2,517,187 2,454,328
Terminal, maintenance building and other structures 2,280,207 1,543,227 Other property and equipment 159,285 134,139 Construction in progress 1,124,668 1,473,405
Less: accumulated depreciation (1,693,391) (1,528,482)

Capital assets, net (Note 5) 5,236,127 4,928,894

Deferred assets:
Bond issue costs, net 27,220 29,284 Loss refunding, net 80,289 86,568

Total assets $ 6,705,264 $ 6,688,838 Audited Financial Statements

CITY OF ATLANTA, GEORGIA

DEPARTMENT OF AVIATION


## BALANCE SHEETS
June 30, 2010 and 2009
(In thousands)

### 36 Hartsfield-Jackson Atlanta International Airport 

### 2010 2009

LIABILITIES AND NET ASSETS

Current liabilities:
Accounts payable $ 7,642 $ 5,325
Accrued expenses 9,685 8,948 Claims payable (Note 9) 8,000 — Due to other funds 109

— Current portion of other liabilities 288

–– Total current liabilities 25,724 14,273

Current liabilities payable from restricted assets: Current maturities of long-term debt (Note 6) 72,091 54,518
Accrued interest payable 46,984 56,326
Accounts payable 45,264 101,119

Contract retention 17,634 18,684
Deposits and advances 1,784 1,785 Commercial paper notes payable 148,857 93,232 Total current liabilities payable from restricted assets 332,614 325,664

Total current liabilities 358,338 339,937

Long-term liabilities: Revenue bonds payable, net of current maturities (Note 6) 2,161,744 2,287,913
Arbitrage rebate liability

— 135

Contract retention 25,526 20,222 Claims payable (Note 9)

— 7,250
Accrued workers’ compensation (Note 9) 1,133 1,436

Other liabilities 24,426 17,129
Total long-term liabilities 2,212,829 2,334,085

Total liabilities 2,571,167 2,674,,022

Net assets:
Invested in capital assets, net of related debt 3,127,052 3,006,567

Restricted for: Capital projects (Note 4) 365,297 450,510
Debt service (Note 4) 206,232 168,786

Unrestricted 435,516 388,953

Total net assets 4,134,097 4,014,816

Total liabilities and net assets $ 6,705,264 $ 6,688,838

The accompanying notes are an integral part of the basic financial statements. Audited Financial Statements

### 2010 Annual Report 37 

### 2010 2009 Operating revenues:
Parking, car rental and other concessions $ 202,881 $ 201,281
Terminal, maintenance buildings and other rentals 93,881 88,319 Landing fees 65,429 62,916

Other 38,608 37,019
Total operating revenues 400,799 389,535

Operating Expenses: Salaries and employee benefits 90,912 89,963
Repairs, maintenance and other contractual services 82,461 63,812

General services 15,550 11,721

Utilities 8,420 8,438
Materials and supplies 4,164 5,042

Other 8,662 (413)
Total operating expenses 210,169 178,563

Operating income before depreciation and amortization 190,630 210,972

Depreciation and amortization expenses 174,124 150,133 Operating income 16,506 60,839

Nonoperating revenues (expenses/losses):
Investment income (expenses/losses) (38,382) 27,254

Passenger facility charges 165,022 166,911 Customer facility charges 21,316 23,136
Interest on long-term debt (64,572) (81,559)
Capital contributions 19,266 80,043
Other revenues (expenses) 125 (12,634) Nonoperating revenues (expenses), net 102,775 203,151

Transfer out to the City

—- (2,116)
Special item —- (14,672) Change in net assets 119,281 247,202

Net assets: Beginning of year 4,014,816 3,767,614

Ending of year $ 4,134,097 $ 4,014,816

The accompanying notes are an integral part of the basic financial statements. Audited Financial Statements



## CITY OF ATLANTA, GEORGIA
DEPARTMENT OF AVIATION
STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS
FOR THE YEARS JUNE 30, 2010 AND 2009
(In thousands)

### 38 Hartsfield-Jackson Atlanta International Airport 

### Cash Flows From Operating Activities: 2010 2009

Receipts from customers and tenants $ 405,237 $ 391,497
Payments to suppliers for goods and services (118,161) (86,850) Payments to or on behalf of employees (82,894) (86,554)

Net cash provided by operating activities 204,182 218,093

Cash Flows From Investing Activities:

Interest and dividends on investments 26,731 45,840
Purchases of nonpooled investments (774,791) (1,465,694)
Sales/redemptions of nonpooled investments 1,045,889 1,717,813 Swap Termination payments (58,470)

— Change in pooled investment fund 11,899 51,475

Net cash provided by investing activities 251,258 349,434

Cash Flows From Capital and Related Financing Activities

Capital grants 17,151 91,470 Principal repayments of long-term debt (108,263) (65,872)
Acquisition, construction and improvement of capital assets (491,726) (579,490) Passenger and customer facility charges 185,045 189,844 Contract retainage withheld, net 4,254 16,862
Proceeds from notes, net 55,625 18,120
Interest and other fees paid on bonds (117,245) (155,296)

Net cash used in capital and related financing activities (455,159) (484,362)

Increase (decrease) in cash and cash equivalents 281 83,165

Cash and cash equivalents: Beginning of year 104,774 21,609

End of year $ 105,055 $ 104,774

The accompanying notes are an integral part of the basic financial statements. Audited Financial Statements



## CITY OF ATLANTA, GEORGIA
DEPARTMENT OF AVIATION

STATEMENTS OF CASH FLOWS
FOR THE YEARS JUNE 30, 2010 AND 2009
(In thousands)

### 2010 Annual Report 39 

### 2010 2009

Reconciliation of operating income to net cash provided by operating activities

Operating income $ 16,506 $ 60,839
Adjustments to reconcile operating income to net cash
provided by operating activities:
Depreciation and amortization 174,124 150,133 Changes in assets and liabilities:

Receivables —- net of allowances 4,437 1,962
Inventory (2,002) (35)
Prepaid expense 779 (177)
Accounts payable and accrued expense 2,318 (3,155)

Other liabilities 8,020 8,526

Net cash provided by operating activities $ 204,182 $ 218,093

Supplemental schedule of noncash financing activities
Appreciation of capital appreciation bonds $ 3,648 $ 3,917

The accompanying notes are an integral part of the basic financial statements. Audited Financial Statements



## CITY OF ATLANTA, GEORGIA
DEPARTMENT OF AVIATION

STATEMENTS OF CASH FLOWS
FOR THE YEARS JUNE 30, 2010 AND 2009
(In thousands)

### 40 Hartsfield-Jackson Atlanta International Airport 

### Note 1 — Summary of Significant Accounting Policies

The Department of Aviation (the “Department”) of the City of Atlanta, Georgia (the “City”) operates the Atlanta Hartsfield Jackson International Airport (the “Airport”). The accompanying financial statements include only the financial activities of the Department. The Department is an integral part of the City’s financial reporting entity, and its results are included in the Comprehensive Annual Financial Report (CAFR) of the City as a major enterprise fund. The latest available CAFR is as of and for the year ended June 30, 2010; that CAFR should be read in conjunction with these financial statements.

The accounting policies of the Department conform, in all material respects, to accounting principles generally accepted in the United States of America applicable to proprietary funds of governmental units. Below is a summary of the more significant accounting policies followed by the Department:

Basis of Accounting and Presentation

As required by various City ordinances, the financial activities of the Department are accounted for in separate funds established by such ordinances and are combined for financial reporting purposes and presented as a single enterprise fund. Enterprise fund financial statements are prepared on the accrual basis of accounting.
Revenues are recorded as earned and expenses are recorded as incurred.

The City applies all Financial Accounting Standards Board (FASB) pronouncements issued prior to November 30, 1989 that are not inconsistent with Governmental Accounting Standards Board (GASB) pronouncements. The City has elected not to apply FASB pronouncements issued subsequent to November 30, 1989.

Investments

Investments are carried at fair value based on quoted market prices, and include any accrued interest. The City
maintains a pooled investment fund in which the Department participates, with the exception of its construction, sinking, and special charges funds. Investment income of this pooled fund is allocated to each participating fund based on that fund’s recorded equity in the pooled fund.

Intrafund Transactions

During the course of normal operations, transactions take place between the funds comprising the Department.

These interfund transactions are eliminated on the balance sheets.

Material and Supplies

Material and supplies are stated at the lower of cost (first-in, first-out) or market.

Restricted Assets

Restricted assets represent amounts which are required to be maintained pursuant to City ordinances relating to bonded indebtedness – construction, renewal and extension, passenger facility charges, customer facility charges and sinking funds – (Note 4), and funds received for specific purposes pursuant to U.S. government
grants Notes to the Financial Statements



## CITY OF ATLANTA, GEORGIA
DEPARTMENT OF AVIATION

NOTES TO THE FINANCIAL STATEMENTS
JUNE 30, 2010 AND 2009

### 2010 Annual Report 41 

### (related primarily to noise abatement programs and funding of debt services). The Department’s policy is to use restricted resources first, then unrestricted resources, when both are available for use to fund an activity.

Capital Assets

Capital assets are recorded at cost, if purchased, and at fair market value at date of gift, if donated. Depreciation of capital assets is provided on the straight line method over the following estimated useful lives:

Classification Range of Lives

Runways, taxiway and other land improvements 15-35 years Terminal, maintenance buildings, and other structures 15-35 years Other property and equipment 2-20 years

The Department has a capitalization threshold of $5,000 for all capital assets.

The Department purchases certain residential parcels of land that are considered to be within the area designated as “noise impacted” surrounding the Airport. The costs of acquisition and relocation of residents in this area are eligible under the Federal Aviation Administration (FAA) Noise Abatement Grant Program for reimbursement. The FAA funds approximately 75% to 80% of these costs with the remainder financed by the
Department.

The FAA retains a continuing interest in the properties equal to its original funding percentage and restricts the
use of such properties to purposes which are compatible with the noise levels associated with the operation of the Airport. All costs associated with acquiring these parcels of land are recorded under the caption “Land
purchased for noise abatement” on the Department’s balance sheets

Capitalization of Interest Expenses

Net interest costs incurred during the construction of runways, taxiways, and other land improvements and terminal, maintenance buildings, and other structures are capitalized as part of the historical costs of acquiring these assets. The interest earned on investments acquired with proceeds from tax exempt borrowing (where such borrowings are restricted to the acquisition of assets) is offset against the related interest costs in determining either the amount of interest to be capitalized or limitations on the amount of interest costs to be capitalized. Net interest costs capitalized for the years ended June 30, 2010 and 2009 totaled approximately $36.5 million and $35.8 million, respectively.

Compensated Absences

City employees can accrue a maximum of 25 to 45 days of annual leave, depending upon the length of service, and 20 days of compensatory leave. Vested or accumulated vacation leave, including related benefits, is recorded as an expense and liability as the benefits accrue to employees.

Employees can accrue unlimited amounts of sick leave. Sick leave can be taken only due to personal illness or illness in certain cases, of family members. Depending on the City Council’s approval and availability of funds, employees may be paid in cash each year for a portion of their sick leave accrual in excess of a stated base accumulation. No accrued liability is recorded for sick pay accumulated because the amount which ultimately
may be paid is not determinable. Notes to the Financial Statements

Note 1 -— Summary of Significant Accounting Policies, continued

### 42 Hartsfield-Jackson Atlanta International Airport 

### Long-Term Debt

Bond discounts and premiums are deferred and amortized over the term of the bonds using the bonds outstanding method, which approximates the effective interest method. Bond discounts and premiums are presented as a reduction or addition to the face amount of bonds payable, respectively.

Deferred Assets

Bond issuance costs are deferred and amortized over the term of the bonds using the bonds outstanding method, which approximates the effective interest method. Gains and losses from refundings are deferred and amortized over the life of the old debt or new debt on a straight line basis, whichever is shorter. The unamortized bond issuance costs and losses from refunding are presented as deferred assets on the
accompanying balance sheets.

Capital Grants

Grants received for the acquisition or construction of capital assets are recorded as nonoperating revenues (capital contributions), when earned. Grants are earned when costs relating to such capital assets, which are reimbursable under the terms of the grants, have been incurred. During the year ended June 30, 2010 and 2009, the Department recorded $19,266,159 and $80,042,823, respectively, in capital contributions
consisting of federal grants in aid of construction and funding of debt services.

Net Assets

Equity is classified as net assets and displayed in three components:

Invested in capital assets, net of related debt

— Consists of capital assets including restricted capital assets, net of accumulated depreciation and reduced by the outstanding balances of any bonds,
notes, or other borrowings that are attributable to the acquisition, construction or improvement of those assets. If there are significant unspent related debt proceeds at year end, the portion of the
debt attributable to the unspent proceeds are not included in the calculation of invested in capital assets,
net of related debt. Rather, that portion of the debt is included in the same net assets component as the
unspent proceeds.

Restricted net assets — Consists of net assets with constraints placed on the use either by (1) external groups, such as creditors, grantors, contributors, or laws or regulations of other governments; or (2) law through constitutional provisions or enabling legislation.

Unrestricted net assets — All other net assets that do not meet the definition of “Restricted” or
“Invested in capital assets, net of related debt.”

Revenues

Operating revenue is principally derived from agreements relating to the use of Airport facilities. Landing fees are determined on the basis of the gross weight of aircrafts landing at the Airport. Revenue from “terminal, maintenance buildings, and other rentals” is derived from the leasing of various Airport facilities to air carriers and other tenants. Concession revenue is earned through various agreements providing for the operation of
concessions at the Airport, such as parking lots, car rental agencies, newsstands, restaurants, etc. Revenues which are derived from capital financing or investing related activities are reported as nonoperating revenues.

On February 26, 1997, in accordance with Section 158.29 of the Federal Aviation Regulations (Title 14, Code of Federal Regulations, Part 158), the FAA approved the City’s application to impose a Passenger Charge (PFC) at Notes to the Financial Statements

Note 1 -— Summary of Significant Accounting Policies, continued

### 2010 Annual Report 43 

### the Airport and to use PFC revenue either now or in the future. The City imposed a $3.00 PFC to collect a total of $491,390,000 over an estimated period of six years and nine months. In May 2000, the FAA approved an amendment to the original application which increased the PFC to $4.50 and increased the total to be collected by $516,390,000. The Department collected $165,021,499 and $166,911,292 in passenger facility charges for the year ended June 30, 2010 and 2009, respectively, and has collected a total of $1,967,369,963 from
program inception to June 30, 2010.

The Installment Purchase Agreement entered into by the City with the City of College Park for the purchase of a Consolidated Rental Car Facility (the “CONRAC”) on June 1, 2006 obligates the City to make debt service payments through 2031, totaling $443,046,805, on the Series 2006A and Series 2006B Bonds issued by the
City of College Park. In relation to the agreement, the City adopted an ordinance effective October 1, 2005, imposing a customer facility charge (CFC) at the Airport to fund the purchase. The CFC of $4.50 is a charge
on each Airport car rental transaction day applicable to both On Airport Operators and Off Airport Operators. The Department collected $21,316,045 (net of operating expenses in the amount of $2,861,422) and $23,135,959 in customer facility charges for the years ended June 30, 2010 and 2009, respectively, and has collected a total of $111,558,591 from program inception to June 30, 2010.

Economic Concentration

Delta Air Lines and the Airport–owned parking facilities account for approximately 17% and 24% of total operating revenue, respectively, for the year ended June 30, 2010.

General Services Costs

The Department is one of a number of departments and/or funds maintained by the City. General services
costs, such as purchasing, accounting, budgeting, and personnel administration, represent services provided to the Department by other City departments and/or funds. Such costs are allocated to the Department based on allocation by an independent study. In the year ended June 30, 2010, such allocated expenses amounted to approximately $8.43 million.

Statement of Cash Flows

For purposes of the statement of cash flows, the Department considers all highly liquid debt securities with an original maturity of no more than three months to be cash equivalents. At years ended June 30, 2010 and
2009, cash and cash equivalents included:

2010 2009

Unrestricted cash and cash equivalents $ 11,855 $ 5,329
Restricted cash and cash equivalents 93,200 99,445 $ 105,055 $ 104,774

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect reported amounts and Notes to the Financial Statements

Note 1 -— Summary of Significant Accounting Policies, continued

### 44 Hartsfield-Jackson Atlanta International Airport 

### disclosures. Actual results could differ significantly from those estimates.

Reclassifications

Certain amounts previously reported have been reclassified in order to be consistent with the current year
presentation.

Note 2 — Deposits and Investments

Cash and cash equivalents and investments as of the year ended June 30, 2010 are classified in the accompanying financial statements as follows (in thousands):

Fair Value

Unrestricted:
Cash and Cash Equivalents $ 11,855

Investment in Pooled Investments 442,954

Restricted
Cash and Cash Equivalents 93,200

Investments 766,258
Total Deposits and Investments $ 1,314,267

Pooled Cash and Investments Held in City Treasury

The City maintains a cash and investment pool that is available for use by all funds. Each fund’s portion of this pool is displayed on the accompanying financial statements as “Investment in pooled investment fund”.

Investments Authorized by the Georgia State Code Section 36-83-4 and the City of Atlanta
Investment Policy

The City has adopted an investment policy (the “Policy”) to minimize the inherent risks associated with deposits and investments. The primary objective of the investment policy is to invest funds to provide for the maximum safety of principal.

Identified below are the investment types that are authorized by the City of Atlanta Investment Policy. The Policy also identifies certain provisions of the Official Code of Georgia (OCGA) that address interest rate risk, credit risk and concentration of credit risk. This Policy governs all governmental and business type activities for the City, but does not govern the City of Atlanta Pension Plans.

The City investments are limited to U.S. Government guaranteed securities and U.S. government agency securities which are limited to issues of Federal Farm Credit System (FFCS), Federal Home Loan Bank System (FHLBS), Federal Home Loan Mortgage Corporation (FHLMC), Federal National Mortgage Association (FNMA), Student Loan Marketing Association (SLMA) and Federal Agricultural Mortgage Corporation(FAMC). Under the Policy, the City will restrict investments in eligible obligations to discount notes and callable or non callable fixed rate securities with a fixed principal repayment amount.

The City also invests in fully collateralized repurchase agreements provided the City has on file a signed Master Repurchase Agreement, approved by the City Attorney, detailing eligible collateral, collateralization ratios, standards for collateral custody and control, collateral valuation, and conditions for agreement termination. It also requires the securities being purchased by the City to be assigned to the City, held in the City’s name, and deposited at the time the investment is made with the City or with a third party selected and approved by the City; and is placed through a primary government securities dealer, as defined by the Federal Reserve, or a financial institution doing business in this state, and which is rated no less than A or its equivalent by two Notes to the Financial Statements

### 2010 Annual Report 45 

### nationally recognized rating services. Under the Policy, the City’s investment portfolio, in aggregate, will be diversified to limit its exposure to interest
rate and credit risk by observing the above limitations.

Investment Risk Disclosures

Interest Rate Risk — Interest rate risk is the risk that changes in market rates will adversely affect the fair market value of an investment. Generally, the longer the maturity of an investment the greater the sensitivity of its fair value to changes in market interest rates. Additionally, the fair values of the investments may be highly sensitive to interest rate fluctuations. One of the ways that the City manages its exposure to interest rate risk is by purchasing a combination of shorter term and longer term investments and by timing cash flows from
maturities so that a portion is maturing or coming close to maturing evenly over time, as necessary to provide the cash flow and liquidity needs for operations.

The City has the ability and generally has the intention to hold all investments until their respective maturity dates. The average maturity of the City’s pooled cash and investments governed by the Policy as of the year ended June 30, 2010 was approximately 6 months. If it becomes necessary or strategically prudent for the City to sell a security prior to maturity, the Policy allows for occasional restructuring of the portfolio to minimize the
loss of market value and/or to maximize cash flows.

Credit Risk — Credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This risk is measured by the assignment of a rating by a nationally recognized statistical rating
organization.

As of the year ended June 30, 2010, the City had the following fixed income investments (in thousands),
with the corresponding credit ratings and maturities:

Credit Under 31-180 181-365 Type of Investment Ratings 30 Days Days Days 1 - 5 Years Over 5 Years Fair Value

U.S. Government Obligations Aaa/AAA $ — $ 47,903 $ 10,684 $ 502,705 $ 56,485 $ 617,777

State Pool AAA 278,921

— — — — 278,921

Money Markets AAA 1,319,517

— — — — 1,319,517

GICs* * — — — — 129,650 129,650

Total Carrying Value $ 1,598,438 $ 47,903 $ 10,684 $ 502,705 $ 186,135 $ 2,345,865



### * All Guaranteed Investment Contracts (GIC’s) are fully collateralized by U.S. Government Obligations or Agency

securities.

Custodial Credit Risk — Custodial credit risk for deposits is the risk that, in the event of the failure of a depository financial institution, a government will not be able to recover its deposits or will not be able to recover collateral securities that are in the possession of an outside party. Custodial credit risks for investments , is the risk that in the event of the failure of the counterparty, the City will not be able to recover the value of its investments or collateral securities that are in the possession of an outside party. Notes to the Financial Statements

Note 2 —- Deposits and Investments, continued

Maturity

### 46 Hartsfield-Jackson Atlanta International Airport 

### The City requires that all uninsured collected balances plus accrued interest in depository accounts be secured in accordance with the Policy which states that the market value of collaterized pledged securities must be at least 110% of the deposit balances. All investments of the City are either held by the City or by a Counterparty in the City’s name. As a result, the City had no deposits with custodial risks at June 30, 2010.

Concentration Credit Risk — The City’s investment Policy contains no limitations on the amount that can be invested in any one issuer beyond that stipulated by the OCGA. The Department had no investment in an issuer
that represents 5% or more of total investments.

Investment in Local Government Investment Pool

The City is a voluntary participant in the Georgia Local Government Investment Pool (Georgia Fund 1) that is managed by the Office of Treasury and Fiscal Services. As of June 30, 2010 and 2009, the Department’s investments in the Georgia Fund 1 are approximately $278,921,000 and $109,964,000, respectively. The total amount recorded by all public agencies in Georgia Fund 1 at June 30, 2010, is approximately $9,063,079,000.

Foreign Currency Risk

— Foreign currency risk is the risk that changes in exchange rates could adversely affect an investment’s or deposit’s fair value. The City is not exposed to this risk and the Policy does not provide for investments in foreign currency denominated securities.

Note 3 Disaggregation of Receivables and Payables

Receivables

Net accounts receivable as of June 30, 2010 and 2009 are due from airport tenants, customers and
concessionaires. There is no material receivables expected to take longer than one year to collect.

Payables

As of June 30, 2010 and 2009, the majority of the balances reported as accounts payable and accrued expenses were related to normal trade payable and construction contract accruals. Other accruals relate
to employee payroll and related expenses. Amounts reported as contract retentions relate to the retained percentage for construction contracts in progress.

Commercial Paper Notes Payable

In July 2005, the City authorized the issuance of Airport General Revenue Commercial Paper Notes, Series 2005A 1 (AMT) and Series 2005A 2 (Non AMT) up to the amount of $350,000,000 (the “Series 2005A Notes”)
and Airport Passenger Facility Charge and Subordinate Lien General Revenue Commercial Paper Notes, Series 2005B 1 (AMT) and 2005B 2 (Non AMT) up to the amount of $200,000,000. These notes were issued to
finance on an interim basis a portion of the capital improvements for the Hartsfield Jackson Atlanta International Airport. General revenues are pledged as security for payment on Series 2005A notes and PFC Revenues and a subordinate pledge of General Revenues secure Series 2005B notes. The Series 2005A Notes and the Series2005B Notes do not constitute a debt, liability, or obligation of the City, or a pledge of the faith and credit or taxing power of the City. The Series 2005A Notes and the Series2005B Notes are not considered a long term obligation of the City of Atlanta Department of Aviation and may be repaid and reissued as often as necessary to affect the purposes set out in the respective program. The Series 2005A Notes and Series 2005B Notes when due, are secured by irrevocable, direct pay letter of credit issued by a consortium of four banks. The irrevocable direct pay letter of credit expires on November 30, 2015. Notes to the Financial Statements

Note 2 —- Deposits and Investments, continued

### 2010 Annual Report 47 

### Short-term debt activities for the year ended June 30, 2010, were as follows (in thousands):

6/30/2009 Additions Reductions 6/30/2010

Commercial Paper Notes $ 93,232 $ 55,625 $ — $ 148,857

Interest rates on the Series 2005A Notes and the Series2005B Notes issued during the year ended June 30, 2010 ranged from 0.25% to 1.50%.

Note 4 — Restricted Assets

Restricted assets at June 30, 2010 and 2009 are summarized as follows (in thousands):

2010 2009

Renewal and Extension Fund:

Grants receivable $ 2,115 $

—

Passenger Facility Charge Fund:

Investments 276,112 358,317

Cash 79,610 61,398

Accounts receivable 28,359 28,359

Interest receivable 2,444 2,492

Customer Facility Charge Fund:

Cash 13,397 4,102

Accounts receivable 3,431 2,138

Investments 12,812 16,934

CONRAC and APM Funds

Investments 42,499 76,291

Interest receivable

— —

Construction Fund:

Investments 251,876 470,018

Interest receivable — —

Sinking Funds:

Investments 182,959 115,796

Cash 193 33,946

Total $ 895,807 $ 1,169,791 Notes to the Financial Statements

Note 3 —- Disaggregation of Receivables and Payables, continued

### 48 Hartsfield-Jackson Atlanta International Airport 

### Notes to the Financial Statements

Note 4 —- Restricted Assets, continued

The following is a summary of carrying amount of investments as shown on the accompanying balance sheets at
June 30, 2010 and 2009 (in thousands):

2010 2009

Current restricted assets $ 129,549 $ 132,435

Investments 766,258 1,037,356

Totals $ 895,807 $ 1,169,791

Note 5 — Capital Assets

Summaries of capital asset activity and changes in accumulated depreciation for the years 2010 and 2009
follow (in thousands):

Balance at Balance at June 30, Deletions and June 30, 2009 Additions Retirements Transfers 2010

Capital assets not being depreciated: Land $ 852,277 $ 1,378 $ (5,484) $ — $ 848,171 Construction in progress 1,473,405 470,828 (819,565) 1,124,668

Total capital assets, not being depreciated 2,325,682 472,206 (5,484) (819,565) 1,972,839 Runways, taxiways and other land improvements 2,454,328 33

— 62,826 2,517,187 Terminal, maintenance buildings and other structures 1,543,227 657

— 736,323 2,280,207 Other property and equipment 134,139 4,730 — 20,416 159,285

Total capital assets being depreciated 4,131,694 5420 — 819,565 4,956,679

Less accumulated depreciation for: Runways, taxiways and other land improvements (905,384) (76,188)

—- —- (981,572) Terminal, maintenance buildings and other structures (554,849) (77,969)

—- —- (632,818) Other property and equipment (68,249) (10752) —- —- (79,001)

Total accumulated depreciation (1,528,482) (162,909) —- —- (1,693,391)

Net capital assets $ 4,928,894 $ 312,717 $ (5,484) $ —- $ 5,236,127

Balance at Transfers of Balance at June 30, Deletions Completed June 30, 2008 Additions Retirements Projects 2009

Capital assets not being depreciated: Land $ 851,756 $ 521 $ — $ $ 852,277 Construction in progress 1,531,487 591,003 (14,672) (634,413) 1,473,405

Total capital assets, not being depreciated 2,383,243 591,524 (14,672) (634,413) 2,325,682

Runways, taxiways and other land improvements 2 ,213,760 — — 2,40,568 2,454,328 Terminal, maintenance buildings And other structures 1,153,378 — — 389,849 1,543,227 Other property and equipment 124,602 8,789 (3,248) 3,996 134,139

Total capital assets being depreciated 3,491,740 8,789 (3,248) 634,413 4,131,694

### 2010 Annual Report 49 Balance at Transfers of Balance at

June 30, Deletions Completed June 30, 2008 Additions Retirements Projects 2009 Less accumulated depreciation for:

Runways, taxiways and other land improvements (807,217) (98,167) — — (905,384) Terminal, maintenance buildings and other structures (524,446) (30,403) — — (554,849) Other property and equipment (57,086) (13,566) 2,403 — (68,249)

Total accumulated depreciation (1,388,749) (142,136) 2,403 — (1,528,482)

Net capital assets $ 4,486,234 $ 458,177 $ (15,517) $ — $ 4,928,894



### Depreciation expense incurred during the years 2010 and 2009 amounted to approximately $164,909,000 and $142,136,000, respectively.

In accordance with GASB Statement No. 42, Accounting and Financial Reporting for Impairment of Capital Assets and for Insurance Recoveries, there was no impairment costs reported for the year ended June 30, 2010.

There was a net reduction of Construction in Progress (CIP) from $1.4 billion at end of June 30, 2009 to $1.1
billion at the end of June 30, 2010. The reduction is primarily due to the completion and capitalization of the car rental facility (CONRAC) in December, 2009.

Note 6 — Long-Term Debt

The City has issued various revenue bonds to finance its extensive airport capital improvement projects. The net revenues, as defined in the 2000 Airport Master Bond Ordinance as supplemented and amended, generated by operating activities are pledged as security for the bonds. Interest is payable semi annually on the first of January
and July.

Long term debt at June 30, 2010 and 2009 consists of the following (in thousands):

2010 2009 General Revnue Bonds

Airport Facilities Revenue Bonds, Series 1990, at 7.25%, Capital Appreciation Term Bonds, due January 1, 2010 $

— 

### $ 14,110

Airport Facilities Revenue Refunding Bonds, Series 1996 at 5.25% - 6.50%, due serially through 2010

— 

### 4,055
Airport General Revenue and Refunding Bonds, Series 2000A, 2000B and 2000C, at 4.75% - 6.25%, due serially through 2021 506,160 521,820
Airport General Revenue Refunding Bonds, Series 2003RF-A, at 4.5% - 5.0%, due serially through 2014 18,570 30,475
Variable Rate Airport General Revenue and Refunding Bonds, Series 2003RF-B-1, RF-B-2, RF-B-3, RF-C-1, RF-C-2, RF-C-3, at weekly modal variable interest rate, due serially through 2014 481,337 490,170
Airport General Revenue and Refunding Bonds, Series 2003RF-D, at 4.375% - 5.25%, due serially through 2019 90,645 99,605

Airport General Revenue Bonds, Series 2004A, combination serial (at 5.25% - 5.375%) and term bond (5.125%) through 2033 164,165 164,165

Airport General Revenue Bonds, Series 2004B, at 5.25%, term bond due January 1, 2033 58,655 58,655 Notes to the Financial Statements

Note 5 — Capital Assets, continued

### 50 Hartsfield-Jackson Atlanta International Airport 

### Airport General Revenue and Refunding Bonds, Series 2004F and Series 2004G, at 4.0% - 5.25%, due serially through 2029 128,465 128,465

Total General Revenue and Refunding Bonds 1,447,997 1,511,520

Passenger Facility Charge (PFC) Subordinate Revenue Bonds

PFC and Subordinate Lien General Revenue Bonds, Series 2004C, at 5.0%, a term bond due January 1, 2033 , 293,070 293,070

PFC and Subordinate Lien General Revenue Bonds,, Series 2004D-1, 2004D-2 ,2004E-1 and 2004E-2, variable auction rate, due serially through 2024 42,300 81,750

PFC and Subordinate Lien General Revenue Bond Series 2004J, at 4.0% - 5.25%, due serially through 2029 235,860 235,860

Total PFC and Subordinate Lien General Revenue Bonds 571,230 610,680

Customer Facility Charge (CFC) Bonds City of College Park Taxable Revenue Bonds (Hartsfield-Jackson Atlanta International Airport Consolidated Rental Car Facility Project), Series 2006A at 5.497% - 5.965%, due serially through 2031 (Conduit Debt) 196,345 201,045

City of College Park Revenue Bonds (Hartsfield-Jackson Atlanta International Airport Automated People Mover System Maintenance Facility Project), Series 2006B at 4.00% - 4.69%, due serially through 2031(Conduit Debt) 20,000 20,590

Total CFC Restricted Revenue Bonds 216,345 221,635

Total bonds 2,235,572 2,343,835

Less: Current maturities (72,091) (54,518) Unamortized discounts/premiums, net (1,737) (1,404)

Total Long-Term Bonded Debt $ 2,161,744 $ 2,287,913

Changes in long-term bonded debt are as follows (in thousands):

Balance at Balance at

June 30, June 30, Due Within 2009 Additions Reductions 2010 One Year

Revenue and PFC bonds $ 2,343,835

— (108,263) $ 2,235,572 72,091 Less deferred amounts: For issuance discount and premium, net (1,404)

— (333) (1,737) —
Total long-term bonded debt $ 2,342,431 $ –– $ (108,596) $ 2,233,835 $ 72,091

Balance at Balance at June 30, June 30, Due Within 2008 Additions Reductions 2009 One Year

Revenue and PFC bonds $ 2,419,898 $ — $ (76,063) $ 2,343,835 $ 54,518

Less deferred amounts: For issuance discount and premium, net (1,036) — (368) (1,404) —
Total long-term bonded debt $ 2,418,862 $ — $ (76,431) $ 2,342,431 $ 54,518 

### Notes to the Financial Statements

Notes 6 — Long-Term Debt, continued

### 2010 Annual Report 51 

### During the fiscal year 2009 the Department received $16,700,000 from the FAA as grant reimbursements.
These grant reimbursements were used to optionally redeem a portion of the Series 2004E bonds that are currently outstanding. In fiscal year 2010 the Department redeemed $8,350,000 of the Series 2004 E1 and $8,350,000 of the Series 2004 E2 bonds that were outstanding. The Department also used PFC revenues for mandatory redemption of $5,000,000 of the Series 2004 E1 and Series 2004 E2 bonds in fiscal year 2010. Additionally, $2,500,000 of the Series 2004 E1 and $2,500,000 of the Series 2004 E2 bonds were redeemed

with PFC revenues.

Also in fiscal year 2010 the Department redeemed $23,500,000 of the Series 2004 D1 and the Series 2004 D2 bonds with TSA grant reimbursements. $17,750,000 of the TSA grant reimbursements were received in
fiscal year 2009 and were used to redeem equal amounts of the Series 2004 D1 and Series 2004 D2 bonds on July 2, 2009. $5,750,000 of the additional TSA grant reimbursements were used in fiscal year 2010 to redeem additional outstanding amounts of the Series 2004 D1 and Series 2004 D2 bonds. In total $11,750,000 of the Series 2004 D1 and $11,750,000 of the Series 2004 D2 bonds were optionally redeemed in fiscal year 2010.

On June 21, 2006, the City of College Park, Georgia issued $211,880,000 in Taxable Revenue Bonds (Hartsfield
Jackson Atlanta International Airport Consolidated Rental Car Facility Project), Series 2006A for the purpose of acquiring, constructing and installing a consolidated rental car facility. In addition, College Park issued $21,980,000 in Revenue Bonds (Hartsfield Jackson Atlanta International Airport Automated People Mover
System Maintenance Facility Project), Series 2006B for the purpose of acquiring, constructing and installing a maintenance facility for an automated people mover. The City (the “Purchaser”) pursuant to the terms of an Installment Purchase Agreement dated June 1, 2006 (the “Agreement”) with the City of College Park (the “Issuer”) obligates the Purchaser to make installment payments to the Issuer to cover the principal, premium and interest of the Series 2006A/B Bonds. The City has adopted an Ordinance imposing a customer facility charge (The “CFC”) effective October 1, 2005. The CFC revenues have been pledged to secure the payments due under the Agreement. The City recorded these transactions as released revenue bonds. At June 30, 2010, the balance of outstanding conduit debt totaled $216,345,000. The City of College Park has no obligations to make debt
service payments on these bonds.

In prior years the City defeased certain outstanding Department bonds by placing the proceeds of new bonds in irrevocable trusts to provide for all future debt service payment on the old bonds. Accordingly, the trust account assets and liabilities for the defeased bonds are not included in the Department’s accompanying financial statements. During the fiscal year ended June 30, 2010 all outstanding defeased bonds were paid off.

Interest Rate Exchange Agreements (SWAPs) and Associated Bonds

At the beginning of fiscal year 2010 the Department in consultation with the City’s financial advisors decided to reduce its risk exposure by terminating all of its interest rate swap agreements (SWAP) it had with various counterparties. This Action was the result of interest costs falling to record lows as well as the high volatility that persisted in the financial markets. With approval from the City Council and the Mayor, the Department negotiated the termination of SWAP one and SWAP two which were hedged against the Airport General Revenue Refunding bonds Series 2003RF B1, B2, B3, C1, C2 and C3. Swap one and Swap two were transactions that the City entered into on June 17, 2003 and became effective on June 26, 2003. On July 6, 2009 the Department terminated Swap one and SWAP two with Goldman Sachs Mitsui Marine Derivative Products, L.P. and JP Morgan
Chase Bank as counterparties. The total amount paid to the counterparties to terminate these transactions was $18,470,000 Notes to the Financial Statements

Notes 6 — Long-Term Debt, continued

### 52 Hartsfield-Jackson Atlanta International Airport 

### On December 23, 2009 the Department terminated SWAP three and SWAP four with its counterparties Bear Stearns Capital Markets, Inc. and UBS Loan Finance, LLC. SWAP three and SWAP four were forward starting SWAPS with a combined notional amount of $455.9 million.

These two SWAPS transactions were hedged against the Airport General Revenue Refunding Bonds (Series 2000A and 2000B) effective January 1, 2010. The total amount paid to the counterparties to terminate these transactions was $40,000,000.

As of June 30, 2010 the Department has no outstanding SWAP transactions with any counterparty.

The annual debt service requirements at June 30, 2010 are as follows (in thousands):

Total debt

Year Principal Interest Service

2011 $ 72,091 $ 106,061 $ 178,152

2012 69,046 102,180 171,226

2013 71,906 98,120 170,026

2014 74,701 93,886 168,587

2015 68,218 89,870 158,088

2016 - 2020 385,595 396,387 781,982

2021 - 2025 446,035 300,739 746,774

2026 - 2030 746,730 167,584 914,314
2031 - 2033 301,250 25,906 327,156

Total $ 2,235,572 $ 1,380,733 $ 3,616,305

Interest expense includes amortization of bond discounts and deferred refunding losses of $9,216.

All of the bond ordinances require the maintenance of sinking funds to provide for debt service on the related bonds. The ordinances also require the Department to maintain a ratio of Net Airport Revenue to Aggregate Debt Service, as defined, of at least 120%. As of June 30, 2010, the City believes it was in compliance with all significant limitations and restrictions contained in the various revenue bond indentures.

Note 7 Leased Facilities

The Department leases terminal space, aircraft maintenance and overhaul facilities, cargo facilities, hangars,
and other structures to air carriers and other tenants at the Airport under various operating leases which terminate no later than 2017. The total cost of the facilities described above which are substantially leased to various tenants is $3,598,045,126 with a carrying value of $2,387,252,079. Depreciation expense for 2010 on the facilities was $115,618,443.

Certain of the leases provide for fixed and variable rental payments, and all are generally designed to allow the
Department to meet its debt service requirements and recover certain operating and maintenance costs. Rental receipts related to the terminal are based on the cost of the facilities. In addition, certain of the agreements
under which the Department receives revenue from the operation of concessions at the Airport, provide for the payment of a fee based on the greater of an aggregated percentage of gross receipts or a guaranteed

minimum. Notes to the Financial Statements

Notes 6 — Long-Term Debt, continued

### 2010 Annual Report 53 

### At June 30, 2010 minimum future rentals and fees to be received under noncancelable leases or concession agreements for each fiscal year are as follows (in thousands):

2011 $ 309,782

2012 315,977

2013 322,297

2014 328,743

2015 335,318
2016 - 2017 690,889

Total $ 2,303,006

The agreement covering the operation of the parking lot does not provide for a minimum fee and is therefore not included in the above table. Revenue from this source, which is solely a function of parking receipts as defined were $95,576,594 and $98,015,792 for the years ending June 30, 2010 and 2009, respectively.

The City and most of the airlines serving the airport have entered into operating lease agreements that extend to 2017 relating to the use of the airfields. All of the Central Passenger Terminal Complex and the Rental Car
Rental leases expire in 2010.

Note 8 Pension and Other Employee Benefits Plans

Pension Plans

The City maintains the following four separately administered pension plans:

(1) one agent multiple employer defined benefit pension plan, entitled the General Employees’ Pension Plan, (2) & (3) two single employer defined benefit pension plans, entitled the Firefighter’s Pension Plan and the Police Officers’ Pension Plan, and (4) one single employer defined contribution pension plan, entitled the General Employees’ Defined Contribution Plan (the “Plans”). The employees of the Department are covered by one of the applicable four plans. The Plans do not provide for measurements of assets and pension benefit obligations for individual units of the City. Such information for the City as a whole is presented in the City’s 2010
Comprehensive Annual Financial Report.

The funding methods and determination of benefits payable were established by the legislative acts creating the plans, as amended, and in general, provide that the pension funds are to be accumulated from employee contributions, City contributions, and income from the investment of accumulated funds. The Plans are administered by separate boards of trustees which include an appointee of the Mayor, the Chief Financial Officer, a member of the City Council, and members elected from active and retired employees of the respective plans.

Prior to July 1, 2001, all permanent employees of the City, excluding sworn personnel of the Police and Fire Departments and including employees of the Atlanta Independent School System (the “School System”) who were not covered under the Teachers Retirement System of Georgia, were eligible to participate in the General Employees’ Pension Plan. Certain School System employees, employed prior to July 1, 1979, also participated in the City’s General Employees’ Pension Plan (the “Plan”). Unless previously enrolled in the Plan, the City has no obligation to pay any costs related to retirement benefits of employees of the School System. The financial information herein relates only to City obligations for City employees and retirees. Notes to the Financial Statements

Notes 6 — Long-Term Debt, continued

### 54 Hartsfield-Jackson Atlanta International Airport 

### Effective July 1, 2001, all new, permanent employees of the City, excluding sworn personnel of the Police and Fire Departments, are only eligible to participate in the newly created General Employees Defined Contribution Plan. During 2002, persons employed prior to July 1, 2001 were given the option of transferring to the General Employees Defined Contribution Plan. As of December 31, 2002 employees previously participating in the General Employees’ Defined Benefit Plan do not have the option of transferring to the new Defined Contribution Plan. Sworn personnel of the Police and Fire Departments are only eligible to participate in the Police Officers’ and Firefighters’
plans, respectively.

Effective September 1, 2005, classified employees and certain non classified employees pay grade 18 and below enrolled in the Defined Contribution Plan had a one time option of transferring to the General Employees’ Pension Plan. Classified employees and certain non classified employees pay grade 18 and below not covered by either the Police Officers or Firefighters’ Pension Plans, hired after September 1, 2005 are required to become members of the General Employees’ Pension Plan.

Complete financial statements for all Plans, except for the General Employees’ Defined Contribution Plan, can be obtained at the following address:

City of Atlanta
68 Mitchell Street, S.W.

Suite 1600 Atlanta, Georgia 30335

Separate financial statements have not been prepared for the General Employees’ Defined Contribution Plan.

Defined Benefit Plans

The City’s defined benefit plans provide retirement benefits based on the average of the highest 36 months earnings based on the following percentages:

• General	employees			2.5%	for	each	year	of	service	to	a maximum	of	32	years,	or	80%	of	Salary

• Firefighters			3%	for	each	year	of	service,	to	a	maximum	of	26.67	years,	or	80%	of	salary

• Police	Officers			3%	for	each	year	of	service,	to	a	maximum of	26.67	years,	or	80%	of	salary

Normal retirement, after 10 years of service, is available at age 60 for employees of the City and at age 55 for Police and Fire employees. In addition, City employees in the General Employee Pension Plan, Police Officers and Firefighters Plans are eligible to retire after 30 years of service, at any age. Cost of living increases are awarded annually, up to a 3% maximum increase. Partial vesting percentage based on years of creditable service and provisions for early retirement are included in the Plans. Benefits also may be payable at termination, death or
disability.

All modification to the pension plans must be supported by actuarial analysis and receive the recommendations of the City attorney, the Chief Financial Officer, and the board of trustees of each plan. Each pension law modification must be adopted by an at least two thirds vote of the City Council and approved by the Mayor.

In addition, the City has been given special constitutional authority by the State to supplement benefits for retired employees as long as such adjustments are funded by the City. The City accounts for and funds the costs of the defined benefit plans as they accrue. Such costs are based
on contribution rates determined by annual actuarial valuations. The total contributions by the Department were $18,119,738 and $16,205,360 for the years ended June 30, 2010 and 2009, respectively. Notes to the Financial Statements

Note 8 Pension and Other Employee Benefits Plans

### 2010 Annual Report 55 

### Defined Contribution Plan

The City’s General Employees’ Defined Contribution Plan provides funds at retirement for employees of the City and, in the event of death, to provide funds for their beneficiaries, through an arrangement by which contributions are made to the Plan by employees and the City. The current mandatory contribution requirement of the City is 6% of employee payroll.

Employees also make a mandatory pre tax contribution of 6% plus have the option to contribute amounts up to the amount legally limited for retirement contributions. All modifications to the pension plans, including
contribution requirements, must receive the recommendations and advice from the offices of the Chief Financial Officer and the City Attorney, respectively. Each pension law modification must be adopted by at least two thirds vote of the City Council and approved by the Mayor.

All new employees, hired after July 1, 2001, who previously would have been enrolled in the General Employees’ Defined Benefit Plan, were enrolled in the General Employees’ Defined Contribution Plan. During 2002, persons employed prior to July1, 2001 were given the option to transfer to the General Employee’s Defined Contribution

Plan.

Effective September 1, 2005, classified employees and certain non classified employees pay grade 18 and below then enrolled in the General Employees’ Defined Contribution Plan had the one time option of transferring to the General Employees’ Pension Plan. Classified employees and certain non classified employees pay grade 18 and below, not covered by either the Police Officers’ or Firefighters’ Pension Plans, hired after September 1, 2005 are required to become members of the General Employees’ Pension Plan.

As of June 30, 2010 and 2009 there were 1,583 and 1,532 participants in the General Employees’ Defined Contribution Plan, respectively. The covered payroll for employees in the Plan was approximately $59,041,000. Employee contributions for the years ended June 30, 2010 and 2009 were $4,317,000 and $4,060,000, respectively, and employer contributions were $4,270,000 and $4,034,000, respectively.

The General Employees’ Defined Contribution Plan uses the accrual basis of accounting. Investments are reported at fair value, based on quoted market prices and there were no nongovernmental individual investment exceeding 5% of the net assets of the Plan.

Condensed financial statement information for the General Employees’ Defined Contribution Plan for the year
ended June 30, 2010 is shown below (in thousands):

2010 2009

Investments $ 43,877 $ 36,322

Other assets 450 47

Total assets $ 44,327 $ 36,369

Current liabilities

Accounts Payable $ 501 $ 757 Total current liabilities $ 501 $ 757 Notes to the Financial Statements

Note 8 Pension and Other Employee Benefits Plans

### 56 Hartsfield-Jackson Atlanta International Airport 

### 2010 2009

Additions:

Employer contributions $ 4,270 $ 4,034
Employee contributions 4,317 4,060
Investment income (loss) 2,711 (2,415)

Total additions 11,298 5,679

Deductions: Benefit payments 2,940 3,687
Administrative expenses 155 127

Total deductions 301,250 3,814

Change in net asset held in trust for

Pension benefits 8,203 1,865

Net assets held in trust for pension benefits Beginning of period 11,298 3,814
End of period $ 43,826 $ 35,623

Postretirement Benefits

Plan Description - The City of Atlanta Retiree Healthcare Plan (Plan) is a single employer defined benefit healthcare plan which provides Other Postemployment Benefits (OPEB) to eligible retirees, dependents and their beneficiaries. The Plan was established by legislative acts and functions in accordance with existing City Laws. OPEB of the City includes health, dental, and vision care and life insurance. Separate financial statements are
not prepared for the Plan.

Funding Policy- The City is not required by law or contractual agreement to provide funding for OPEB other than the “pay-as-you-go” amounts necessary to provide current benefits to retirees, eligible dependents and beneficiaries. For the fiscal year ended June 30, 2010 and 2009, the City paid $33.6 million and $29.2 million,
respectively, on behalf of the Plan. Retiree contributions vary based on the plan elected, dependent coverage and Medicare eligibility. For the fiscal years ended June 30, 2010 and 2009, eligible retirees receiving benefits contributed $38.3 million and $11.1 million, respectively, through their required contributions.

For the fiscal years ended June 30, 2010 and 2009, the DOA made $3.9 million and $1.6 million “pay-as-you
go” payments, respectively, on behalf of the Plan.

Annual OPEB Cost and Net OPEB Obligation - The City’s annual OPEB cost (expense) is calculated based on the annual required contribution of the employer (ARC), an amount actuarially determined using the Projected
Unit Credit Actuarial Cost Method (one of the actuarial cost methods in accordance with the parameters of GASB45). The ARC represents a level of funding that, if paid on an ongoing basis, is projected to cover normal cost each year and amortize any unfunded actuarial liabilities over a period not to exceed thirty years. The following table shows the elements of the City’s OPEB cost for the year, the amount actually contributed on Notes to the Financial Statements

Note 8 — Pension Plans and Other Employee Benefits, continued

### 2010 Annual Report 57 

### behalf of the Plan, and changes in the City’s net OPEB obligation to the Plan for the year ended June 30, 2010
(in thousands):

2010 2009

Annual Required Contributions $ 11,691 $ 11,223

Interest on Net OPEB Obligation 234 136 Adjustment to Annual Required Contribution (656) (381)

Annual OPEB Cost (expense) 11,269 10,978
Payments Made (3,972) (1,567) Increase in Net OPEB Obligation 7,297 9,411 Net OPEB Obligation–Beginning of Year 17,129 8,467 Change due to revised allocation methodology — (749) Net OPEB Obligation–End of Year $ 24,426 $ 17,129

The Department’s annual OPEB cost, the percentage of annual OPEB cost contributed to the Plan, and the net OPEB obligation for the fiscal years ended June 30, 2010 and June 30, 2009 were as follows (in thousands):

Percentage of

Fiscal Year Annual OPEB Annual OPEB Net OPEB

Ended Cost Cost Paid Obligation

June 30, 2008 $10,468 19.1% $ 8,467
June 30, 2009 $10,978 14.3% $17,129
June 30, 2010 $11,269 33.9% $24,426

Funded Status and Funding Progress - As of June 30, 2008, the most recent (initial) actuarial valuation date, the Plan was not funded, except for the pay as you go payments. The City’s unfunded actuarial accrued liability (UAAL) for benefits was $1.09 billion. The covered payroll was $278 million, and the ratio of the UAAL to the
covered payroll was 390%.

Actuarial valuations of an ongoing plan involve estimates of the value of reported amounts and assumptions about the probability of occurrence of events far into the future. The determined actuarial valuations of OPEB provided under the Plan incorporated the use of various assumptions including demographic and salary increases among others. Amounts determined regarding the funded status of the Plan and the annual required contributions of the City are subject to continual revisions as actual results are compared with past expectations and new estimates are made about the future. The schedule funding progress, shown as required supplementary information following the notes to the financial statement, presents the results of the OPEB valuation as of June 30, 2008. The schedule will eventually provide additional multiyear trend information about whether the actuarial values of Plan assets are increasing or decreasing over time relative to the actuarial accrued liabilities for benefits. Under the provisions of GASB 45 the City elected to use the June 30, 2008 actuarial report as the basis for determining the current year ARC requirement.

Actuarial Methods and Assumptions - Projections of benefits for financial reporting purposes are based on the substantive plan (the plan as understood by the employer and plan members) and include the types of benefits provided at the time of each valuation and the historical pattern of sharing of benefit costs between
the employer and plan members to that point. The actuarial methods and assumptions used include techniques Notes to the Financial Statements

Note 8 — Pension Plans and Other Employee Benefits, continued

### 58 Hartsfield-Jackson Atlanta International Airport 

### that are designed to reduce short term volatility in actuarial accrued liabilities and the actuarial value of assets, consistent with the long term perspective of the calculations.

In the June 30, 2008, actuarial valuation, the projected unit credit actuarial cost method was used. The actuarial
assumptions included 4.5 percent investment rate of return (net of administrative expenses) and an annual medical cost trend rate of 11 percent initially, reduced by decrements to an ultimate trend rate of 5 percent after ten years. Both rates include a 3 percent inflation assumption. Currently there are no assets set aside that are legally held exclusively for OPEB. The UAAL is being amortized as level percentage of projected payroll on an open basis. Beginning in fiscal year June 30, 2009, the UAAL is being amortized as a level percentage of projected payroll over 30 years.

Deferred Compensation Plan

The City has adopted a deferred compensation plan in accordance with the 1997 revision of Section 457 of the Internal Revenue Code. The plan, available to all Department employees, allows an employee to voluntarily defer up to 25% of his/her gross compensation, not to exceed certain limits per year. Each participant selects
one of three insurance providers to administer the investments of the deferred funds. All administrative costs
of the plan are deducted from the participants’ accounts. The plan assets are held in custodial accounts for the exclusive benefit of the plan participants and their beneficiaries, and are therefore, not included in the City’s nor
the Department’s financial statements.

Note 9 Risk Management

General

Insurance requirements are imposed on contractors and consultants that do business with the Department. They are generally asked to maintain certain types of insurance coverage including, but not limited to, general liability, workers’ compensation, automobile liability, performance and payment bonds and professional liability. There is also an Owner Control Insurance Program (OCIP) that the airport participates in. The OCIP has its own set of policies that cover the contractor work for certain construction projects at the airport. Policies include but
are not limited to builders risk, general employees’ liability, workers’ compensation and pollution coverage.

Self Insurance

The Department and the City are self insured for workers’ compensation, parts of the medical and dental plan, and general claims liabilities. The Department pays for general claims as they become due.

Workers’ Compensation

The City’s workers’ compensation liability is calculated based on the analysis of an outside actuary. Liabilities are
reported when it is probable a loss has occurred and the amount can be reasonably estimated including amounts for claims incurred but not yet reported. Workers’ compensation payments are partially paid by the City’s General Fund and partially charged directly to the Department as part of the indirect cost allocation. There were no significant reductions in insurance coverage or claims in excess of insurance coverage during the 2010 and 2009 fiscal years. The calculation of the present value of future liabilities for workers’ compensation is based on a discount rate of 4.0% and 5.5% for 2010 and 2009, respectively. Notes to the Financial Statements

Note 8 — Pension Plans and Other Employee Benefits, continued

### 2010 Annual Report 59 

### Health and Dental Insurance

In 2006, the City moved from fully insured medical and dental plans to self insured plans for the Blue Cross Blue Shield Point of Service (POS) and the United Healthcare Preferred Provider Organization (PPO) plans. In addition,
the CIGNA dental plan is now self insured. The Kaiser HMO, OHS dental access plan and Spectra vision plan remain fully insured. The City’s health and dental liability is calculated by an outside actuary firm. Liabilities are reported when it is probable that a loss has occurred and the amount of the loss can be reasonably estimated.
Liabilities include an amount for claims that have been incurred but not reported (IBNR)

Changes in the balances of the liabilities for worker’s compensation and general claims attributable to the Department during 2010 and 2009 were as follows (in thousands):

Current year

Claims and Beginning Changes in Claim

of Year Estimates Payments End of Year

Workers’ compensation:

2010 $ 1,436 $ 132 $ (146) $ 1,422

2009 $ 1,203 $ 531 $ (298) $ 1,436

Claims liability:

2010 $ 7,250 $ 750 $ - $ 8,000

2009 $ 14,530 $ (7,280) $ - $ 7,250

The City participates in the State Subsequent Injury Trust Fund, a public entity managed by the State of Georgia. The pool is designed to provide the insurance coverage for employees who are hired with previous medical conditions. Historically, premiums have not been significant.

Note 10 Commitments and Contingencies

Commitments

The Department has several significant construction projects budgeted. At June 30, 2010 the Department was contractually obligated to expenditures of approximately $315,245,000 related to these projects.

Grants from Other Governmental Units

Federal governmental grants represent an important source of supplementary funding, primarily for the Airport’s noise abatement program. Amounts received or receivable from grantor agencies are subject to audit and
adjustment by such agencies, principally the Federal government. Any disallowed claims, including amounts already collected, may constitute a liability of the Department. The amount, if any, of expenditures which may be disallowed by the grantor cannot be determined at this time although the Department expects such amounts, if
any, to be immaterial. Notes to the Financial Statements

Note 9 Risk Management, continued

### 60 Hartsfield-Jackson Atlanta International Airport 

### Notes to the Financial Statements

Note 10 Commitments and Contingencies, continued

Litigation

The Department is subject to various lawsuits and proceedings arising in the ordinary conduct of its affairs and has been named as defendant in several lawsuits claiming personal and property damages. The City has also been named as a defendant in various lawsuits concerning alleged noise disturbance at the Airport. The City is working with most of the property owners to settle these claims through its noise abatement program, which consists of insulating homes and purchasing aviation easements. The nature of the Department’s operations and the matters currently being alleged are such that similar suits may be filed in the future. In the opinion of the City Attorney, the outcome of these matters will not materially affect the Department’s financial position.

Note 11 Subsequent Events

The Department had a letter of credit facility for its Series 2005A and Series 2005B Commercial Paper program in the aggregate principal amount of $550 million. On March 15, 2010, the Department was notified by
the Letter of Credit banks that the liquidity that supported the Commercial Paper program would be terminated on July 15, 2010. To ensure continued funding for the Maynard Holbrook Jackson International Terminal project at the Hartsfield–Jackson International Airport, the City, with the assistance of its financial advisors, began the process of engaging other financial institutions to provide a substitute Letter of Credit before the July 15, 2010, termination date. On July 1, 2010, the City issued additional Commercial Paper notes in the Amount of $53,921,000. On July 13, 2010, the Department signed a new Letter of Credit agreement with JP Morgan Chase and Wells Fargo Banks in the aggregate principal amount of $350 million for the Airport Commercial
Paper program.

During fiscal year 2010, the Department received $10 million as payment #8 from FAA as grant
reimbursements for Letter of Intent #ASO 02 2, Extended Runway 10/28 for Project # 3 13 0008 93 2010. These grant reimbursements were to pay down part of the outstanding principal amount that exists on the bonds issued for the Extended Runway Project. Redemption notices were issued by the Trustee/Paying Agent establishing September 23, 2010, as the bonds redemption date. On September 23, 2010, $5 million of the City of Atlanta, Georgia Airport PFC Revenue Bonds Series 2004 E1 (Non AMT) and $5 million of Series 2004

E2 (Non AMT) bonds were redeemed.

On November 5, 2010, as part of the Airport New Money Bonds, the City issued the City of Atlanta Airport General Revenue Bonds, Series 2010A, in the aggregate principal amount of $177,990,000 and the City of Atlanta Airport Passengers Facility Charge and subordinate Lien General Revenue Bonds, Series 2010B in the aggregate principal amount of $409,810,000.

On December 16, 2010 the City issued the City of Atlanta Airport General Revenue Refunding Bonds, Series 2010C, in the aggregate principal amount of $524,045,000, primarily to refund and redeem the entire
outstanding principal amount of the City’s Variable Rate Airport General Revenue Refunding Bonds, Series
2003RF B/C bonds.

### 2010 Annual Report 61 

### Required Supplementary Information

CITY OF ATLANTA, GEORGIA

DEPARTMENT OF AVIATION Required Supplementary Information

Schedule of Funding Progress for Pension Plans
(amounts in thousands)

Unfunded AAL
Actuarial Actuarial Unfunded Current as a Plan/Valuation Value of Accrued Liability Percentage Acturial Accrued Year Annual Percentage of
Date Assets (AAL) Funded Liabilities Covered Payroll Covered Payroll

General Employees

01/1/04 $681,159 $1,110,501 61.34% $429,342 $160,767 267.1%

01/1/05 $681,145 $1,143,676 59.56% $462,531 $157,665 293.4%

01/1/06 $702,178 $1,135,974 61.81% $433,796 $152,408 284.6%

01/1/07 $749,352 $1,436,278 52.17% $686,926 $155,185 442.6%

01/1/08 $829,734 $1,483,733 55.92% $653,999 $153,984 424.7%

01/1/09 $881,009 $1,481,563 59.46% $600,554 $150,312 399.5%

Firefighters

1/1/04 $321,908 $417,092 77.18% $ 95,184 $38,303 248.5%

1/1/05 $325,630 $445,777 73.05% $120,147 $38,774 309.9%

1/1/06 $334,290 $557,706 59.94% $223,416 $36,440 613.1%

1/1/07 $371,456 $577,271 64.35% $205,815 $45,686 450.5%

1/1/08 $419,163 $652,816 64.21% $233,653 $45,561 512.8%

1/1/09 $408,090 $708,347 57.61% $300,257 $43,275 693.8%

Police Officers

1/1/04 $440,212 $617,501 71.29% $177,289 $63,274 280.2%

1/1/05 $444,460 $658,861 67.46% $214,401 $70,973 302.1%

1/1/06 $464,368 $817,255 56.82% $352,887 $73,515 480.0%

1/1/07 $512,259 $850,886 60.20% $338,627 $77,168 438.8%

1/1/08 $596,457 $909,410 65.59% $312,953 $84,016 372.5%

1/1/09 $571,768 $986,376 57.97% $414,608 $82,030 505.4%



### SCHEDULE OF FUNDING PROGRESS FOR OPEB

(amounts in thousands)

Actuarial UAAL as a
Actuarial Value of AAL projected Unfunded AAL Funded Covered Percentage of
Valuation Date Assets Unit Credit (UAAL) Ratio Payroll Covered Payroll

6/30/06 $0 $1,260,313 $1,260,313 0.00% $361,839 348.31%

6/30/07 $0 $1,125,648 $1,125,648 0.00% $280,031 401.97%

6/30/08• $0 $1,085,315 $1,085,315	 0.00% $278,039	 390.35%



### * A full actuarial valuation was not performed during the year ended June 30, 2010.

### 62 Hartsfield-Jackson Atlanta International Airport 

### Statistical Section

CITY OF ATLANTA, GEORGIA

DEPARTMENT OF AVIATION

STATISTICAL SECTION
(UNAUDITED)

CASH BASIS
(unless otherwise noted)

The financial information presented provides detailed data on the financial, economic and physical characteristics of the Department. These tables cover multiple fiscal years and provide financial report users with a broader and more complete understanding of the Department and its financial affairs

Financial Trends (Exhibit 1 through 2)
These exhibits contain information to help the reader understand the Department financial performance and
well-being have changed over time.

Revenue Capacity (Exhibit 3) This exhibit contains information to help the reader assess the Department’s most significant revenue sources.

Debt Capacity (Exhibit 4) This exhibit contains information to help the reader assess the affordability of the Department current levels of outstanding debt and the Department’s ability to issue additional debt in the future.

Demographic and Economic Information (Exhibit 5 through 8) These exhibits offer demographic and economic indicators to help the reader understand the environment within
which the Department ‘s financial activities take place.

Operating Information (Exhibit 9)
These exhibits contain service and infrastructure data to help the reader understand how the information in the
Department’s financial report relates to the services the Department provides and the activities it performs.

Sources: Unless otherwise noted, the information in these exhibits is derived from the Department’s annual financial reports for the relevant year.

### 2010 Annual Report 63CITY OF ATLANTA, GEORGIA — DEPARTMENT OF AVIATIONExHIBIT 1TOTAL ANNUAL REVENUES, EXPENSES AND CHANGES IN NET ASSETS(accrual basis) (in thousands)For Year Ended December 31,For Years Ended June 30,(Six Months)200120022003200420052006200720082009 2010TOTAL REVENUESOPERATING REVENUESParking, car rental, and other concessions$ 133,521 $ 120,394 $ 122,078 $ 138,989 $ 151,536$80,333 $ 200,781 $ 204,412 $ 201,281 $ 202,881Terminal, maintenance buildings, and other rentals76,78078,50177,14075,36376,89636,43672,54287,22388,31993,881Landing fees23,03927,02526,75227,85228,17114,43850,70258,07462,91665,429Other15,12619,07721,87531,37132,87516,01428,48136,49737,01938,608Total Operating revenues248,466244,997247,845273,575289,478147,221352,506386,206389,535400,799NON-OPERATING REVENUESInvestment Income (Loss)Passenger Facility Charges53,63848,26365,61728,906104,96323,37879,03453,38227,254(38,382)Customer Facility Charges129,671150,006152,373161,014164,83385,438163,275167,520166,911165,022Other00005,36612,10122,88723,89223,13621,316Total Non-operating revenues000009,9970(2,015)(12,634)125183,309198,269217,990189,920275,162130,914265,196242,779204,667148,081TOTAL REVENUES431,775443,266465,835463,495564,640278,135617,702628,985594,202548,880TOTAL ExPENSESOPERATING EXPENSESSalaries and employees fringe benefits42,84843,55846,98052,73456,04432,45468,95892,60489,96390,912Repair, maintenance, and other contractual services29,11724,91324,32530,41029,40415,78141,25657,64663,81282,461Generall services8,86513,41713,79318,08018,5665,11913,87613,29111,72115,550Utilities3,2773,5403,8734,6504,7411,9514,5426,1088,4388,420Materials and Supplies3,3632,0841,9472,4792,5431,4774,1613,2805,0424,164Other4,4858,2029,2089,5158,9865,74415,5378,762(413)8,662Depreciation59,79360,35162,14663,94449,57226,31787,573108,348150,133174,124Total Operating Expenses151,748156,065162,272181,812169,85688,843235,903290,039328,696384,293NON-OPERATING ExPENSESInterest expense58,48877,25878,41597,92261,27538,977100,63883,22381,55964,572Other24,426801Total Non-operating expenses58,48877,25878,415122,34861,27538,977101,43983,22381,55964,572TOTAL EXPENSES210,236233,323240,687304,160231,131127,820337,342373,262410,255448,865TOTAL ExPENSES NET OF DEPRECIATION &AMORTIZATION150,443172,972178,541240,216181,559101,503249,769264,914260,122274,741CAPITAL CONTRIBUTIONSTRANSFER OUT OF CITY5,17045,92736,53568,59684,59930,66842,52652,69280,04319,266(2,116)0SPECIAL ITEMINCREASE IN NET ASSETS00000(8,500)(39,401)0(14,672)0226,709255,870261,683227,931418,108172,483283,485308,415247,202119,281NET ASSETSBeginning of year1,651,0421,877,7512,133,6212,395,3042,623,2353,041,3433,213,8263,522,9943,767,6144,014,816Prior Year adjustments — PFC on accrual basis25,683Prior Year adjustments — CIP Revision(63,795)0Beginning of year, as restated3,239,5093,459,1993,767,6144,014,816TOTAL NET ASSETS1,877,7512,133,6212,395,3042,623,2353,041,3433,213,8263,522,9943,767,6144,014,8164,134,097*Audited — Accrual Basis

### 64 Hartsfield-Jackson Atlanta International AirportCITY OF ATLANTA, GEORGIA — DEPARTMENT OF AVIATIONExHIBIT 2STATEMENTS OF CASH FLOWS(In Thousands)For Years Ended December 31,For Years Ended June 30,(Six Months)2001200220032004200520062007200820092010CASH FLOWS FROM OPERATING ACTIVITIESOperating income$ 96,718 $$$$$$$$$Adjustments to reconcile operating income to netCASH PROVIDED BY OPERATING ACTIVITIESDepreciation59,793Amortization1,849Amortization of Bond discountProvision for uncollectible accountsProvision for inventory obsolescence16CHANGE IN ASSETS AND LIABILITIESAccounts receivables2,288Grants receivablesOther receivables(182)Material and supplies(54)Prepaid expenses and other current assets498Accounts payables and accrued expenses9,297Cash received from customers and tenants246,107239,212282,106289,473145,040323,339382,013391,497405,237Cash paid to suppliers for goods and services(36,098)(64,156)(71,612)(69,309)(30,700)(55,400)(89,728)(86,850)(118,161)Cash paid to employees for service(47,400)(47,461)(48,966)(60,319)(32,575)(69,047)(76,546)(86,554)(82,894)Other receipts (payments), net(1,250)Net cash provided by operating activities170,223162,609127,595161,528158,59581,765198,892215,739218,093204,182CASH FLOWS FROM INVESTING ACTIVITIESPurchase of nonpooled investments(23,361,356)Purchases and sales of nonpooled investments, net23,451,918(217,829)78,199(863,600)93,078(100,488)294,822440,384252,119271,098Interest and dividends on investment82,27458,46340,92028,90693,72333,15197,022105,54145,84026,731Change in pooled investment fundChange in accrued interest receivablesSwap TerminationChange in pooled investment fund96,111)65,49814,173(35,480)(77,074)(16,618)(107,069)(47,286)51,47511,899Change in accrued interest receivablesNet cash provided by (Used in) investing activities76,725(93,868)133,292(870,174)109,727(83,955)284,775498,639349,434251,258CAPITAL AND RELATED FINANCING ACTIVITIESCapital grants or Capital Contributions5,17045,92737,68568,59697,95331,84542,43041,84191,47017,151Principal repayments of long-term debt(42,670)(48,110)(973,685)(441,305)(126,260)(45,684)(94,125)(470,575)(65,872)(108,263)Acquisition, construction, and improvementof capital assets(191,015)(412,232)(405,670)(428,008)(496,294)(202,907)(470,266)(420,710)(579,490)(491,726)Passenger and customer facility charges129,671150,006152,373161,014168,40794,258177,587204,536189,844185,045Contract retainage withheld, net1,48910,680908(4,526)10,8737,762(17,797)(5,293)16,8624,254Payments or change of contract retention(1,729)Proceeds from bond issuance, net—300,0001,012,7181,523,78826,695228,994—53,23718,12055,625Payments on debt refundingProceeds from disposal of assetsInterest paid on revenue bonds(81,979)(77,258)(77,807)(110,020)(118,357)(68,402)(151,221)(147,116)(155,296)(117,245)Other non-operating expendituresNet cash used in capital and related financing activities(181,063)(30,987)(253,478)769,539(436,983)45,866(513,392)(744,080)(484,362)(455,159)Net increase (decrease) in cash and cash equivalents65,88537,7547,40960,893(168,661)43,676(29,725)(29,702)83,165281Cash and cash equivalents:Beginning of year34,08099,965137,719145,128206,02137,36081,03651,31121,609104,774End of year$ 99,965 $ 137,719 $ 145,128 $ 206,021 $ 37,360 $ 81,036 $ 51,311 $ 21,609 $ 104,774 $ 105,055*Audited — Accrual Basis

### 2010 Annual Report 65CITY OF ATLANTA, GEORGIA — DEPARTMENT OF AVIATIONExHIBIT 2STATEMENTS OF CASH FLOWS(In Thousands)For Years Ended December 31,For Years Ended June 30,(Six Months)2001200220032004200520062007200820092010CASH FLOWS FROM OPERATING ACTIVITIESOperating income$ 96,718 $$$$$$$$$Adjustments to reconcile operating income to netCASH PROVIDED BY OPERATING ACTIVITIESDepreciation59,793Amortization1,849Amortization of Bond discountProvision for uncollectible accountsProvision for inventory obsolescence16CHANGE IN ASSETS AND LIABILITIESAccounts receivables2,288Grants receivablesOther receivables(182)Material and supplies(54)Prepaid expenses and other current assets498Accounts payables and accrued expenses9,297Cash received from customers and tenants246,107239,212282,106289,473145,040323,339382,013391,497405,237Cash paid to suppliers for goods and services(36,098)(64,156)(71,612)(69,309)(30,700)(55,400)(89,728)(86,850)(118,161)Cash paid to employees for service(47,400)(47,461)(48,966)(60,319)(32,575)(69,047)(76,546)(86,554)(82,894)Other receipts (payments), net(1,250)Net cash provided by operating activities170,223162,609127,595161,528158,59581,765198,892215,739218,093204,182CASH FLOWS FROM INVESTING ACTIVITIESPurchase of nonpooled investments(23,361,356)Purchases and sales of nonpooled investments, net23,451,918(217,829)78,199(863,600)93,078(100,488)294,822440,384252,119271,098Interest and dividends on investment82,27458,46340,92028,90693,72333,15197,022105,54145,84026,731Change in pooled investment fundChange in accrued interest receivablesSwap TerminationChange in pooled investment fund96,111)65,49814,173(35,480)(77,074)(16,618)(107,069)(47,286)51,47511,899Change in accrued interest receivablesNet cash provided by (Used in) investing activities76,725(93,868)133,292(870,174)109,727(83,955)284,775498,639349,434251,258CAPITAL AND RELATED FINANCING ACTIVITIESCapital grants or Capital Contributions5,17045,92737,68568,59697,95331,84542,43041,84191,47017,151Principal repayments of long-term debt(42,670)(48,110)(973,685)(441,305)(126,260)(45,684)(94,125)(470,575)(65,872)(108,263)Acquisition, construction, and improvementof capital assets(191,015)(412,232)(405,670)(428,008)(496,294)(202,907)(470,266)(420,710)(579,490)(491,726)Passenger and customer facility charges129,671150,006152,373161,014168,40794,258177,587204,536189,844185,045Contract retainage withheld, net1,48910,680908(4,526)10,8737,762(17,797)(5,293)16,8624,254Payments or change of contract retention(1,729)Proceeds from bond issuance, net—300,0001,012,7181,523,78826,695228,994—53,23718,12055,625Payments on debt refundingProceeds from disposal of assetsInterest paid on revenue bonds(81,979)(77,258)(77,807)(110,020)(118,357)(68,402)(151,221)(147,116)(155,296)(117,245)Other non-operating expendituresNet cash used in capital and related financing activities(181,063)(30,987)(253,478)769,539(436,983)45,866(513,392)(744,080)(484,362)(455,159)Net increase (decrease) in cash and cash equivalents65,88537,7547,40960,893(168,661)43,676(29,725)(29,702)83,165281Cash and cash equivalents:Beginning of year34,08099,965137,719145,128206,02137,36081,03651,31121,609104,774End of year$ 99,965 $ 137,719 $ 145,128 $ 206,021 $ 37,360 $ 81,036 $ 51,311 $ 21,609 $ 104,774 $ 105,055*Audited — Accrual BasisCITY OF ATLANTA, GEORGIA — DEPARTMENT OF AVIATIONExHIBIT 3PRINCIPAL REVENUES SOURCES*For Years Ended December 31,For Years Ended June 30,(Six Months)20012002200320042005200620072008 20092010PRINCIPAL REVENUE SOURCESAIRLINE REVENUETotal Landing Fees$ 26,125,960 $ 27,025,281 $ 27,143,548 $ 27,838,936 $ 27,444,127 $ 13,645,604 $ 47,345,286 $ 55,097,70 $ 60,955,878 $ 62,602,543Total Terminal Area Rental/Others39,295,87441,985,60432,830,50336,423,20835,375,785 12,256,25938,099,15441,388,65947,283,22750,590,351Total Land Rental & Other Buildings16,238,94515,593,25612,910,70112,622,90112,849,289 5,168,0817,252,81511,871,44915,310,64214,546,727Total Apron Charges7,540,4717,337,24911,910,32011,550,41510,753,804 8,612,3138,594,8769,928,9313,558,0114,339,243Total Fuel Sales2,512,0402,356,9132,031,3762,021,3531,956,069 1,063,0564,361,2896,824,7305,829,8725,615,361Total Security Reimbursement7,755,7689,110,4778,809,5117,503,7568,618,886 4,072,8029,101,09912,154,34513,642,54412,012,945Total Other6,015,8596,764,9726,875,6698,505,1126,957,870 3,211,6177,661,4778,047,5027,985,6689,356,617TOTAL AIRLINE REVENUES105,484,917110,173,752102,511,628106,465,680103,955,830 48,029,734122,415,997145,313,325154,565,843159,063,786PERCENT OF TOTAL REVENUES27.40%27.58%25.59%24.54%22.87% 19.40%22.55%24.8%26.1%31.6%NON-AIRLINE REVENUESTerminal Area Rental/Others1,512,6381,012,9548,712,11912,264,93112,118,675 5,935,26611,782,54413,085,58712,109,24412,807,912Total Land and non terminal facilities9,140,30510,099,9858,554,61110,245,32310,544,538 7,432,08214,217,26314,340,89213,547,21215,851,837Total Fixed Base Operator (FBO)121,308107,164182,958219,243222,763 108,341159,761585,0711,729,1141,743,646Total Concessions43,698,57939,885,81742,518,54745,570,68855,310,528 25,341,03065,224,22268,852,92275,608,50677,783,347APM Conrac6,156,237Rental Cars27,880,95326,423,33924,566,27726,754,04631,133,59714,229,79231,966,02632,164,86129,758,37626,665,193Total Rental Cars27,880,95326,423,33924,566,27726,754,04631,133,59714,229,79231,966,02632,164,86129,758,37632,821,430Total ParkingTotal Royal ties fromNatural Resources Sales63,858,04957,739,20757,315,16566,163,50970,663,22452,077,952105,806,654105,655,83598,015,79295,774,778Total Other272,432268,364392,187130,40282,752203,63317,13521,127143,365154,1153,382,8364,024,9145,127,1184,433,1074,321,0672,059,9772,510,4114,748,1414,052,8965,398,380TOTAL NON AIRLINE REVENUES149,867,101139,561,745147,368,982165,781,248184,397,142107,388,074231,684,016239,454,436234,964,504241,735,446NON OPERATING REVENUESTotal Interest Income (Loss)1,765,6451,182,336579,826840,457997,862 588,7142,346,6378,811,06727,254,000(38,381,632)Total PFCs & CFCs127,872,001148,487,301150,060,254160,686,844165,116,277 91,622,675186,515,953192,779,650190,047,252186,337,544Interest On long-term Debt(81,559,000) (64,572,225)Capital Contributions80,043,000 19,266,159Other Revenue(Expenses)(12,634,000) 125,357TOTAL NON OPERATING REVENUES129,637,646149,669,637150,640,079161,527,301166,114,13992,211,388188,862,590201,590,718203,151,252 102,775,203TOTAL REVENUES$ 384,989,664 $ 399,405,134 $ 400,520,689 $ 433,774,229 $ 454,467,111 $ 247,629,197 $ 542,962,603 $ 586,358,479 $ 592,681,600 $ 503,574,435Total Revenues minus PFCs & CFCs257,117,663250,917,833250,460,435273,087,385289,350,834156,006,522356,446,650393,578,828402,634,348317,236,891* Unaudited-Cash Basis, except FY 2009 and going forward.** Gross Parking reported as of FY062006 represents six months of dataAs of December 2005, fiscal reporting changed from December 31 to June 30.

### 66 Hartsfield-Jackson Atlanta International AirportCITY OF ATLANTA, GEORGIA — DEPARTMENT OF AVIATIONExHIBIT 4RATIOS OF GARB OUTSTANDING DEBT(In Thousands)For Years Ended December 31,For Years Ended June 30,2001200220032004200520062007200820092010Total Debt Service$ 91,380 $ 100,707 $ 108,842 $ 103,535 $ 103,572 $ 50,314 $ 92,486 $ 114,312 $ 129,082 $ 126,835Total Expenses net ofDepreciation & Amortization$ 84,788 $ 93,131 $ 95,629 $ 99,841 $ 103,949 $ 53,926 $ 146,868 $ 181,691 $ 178,563 $ 210,169DEBT SERVICEPER ENPLANED PASSENGEREnplaned Passenger38,09538,64039,69841,83743,02121,08043,29345,28744,79745,375Debt Service perenplaned Passenger$ 2.40 $ 2.61 $ 2.74 $ 2.47 $ 2.41N/A $ 2.14 $ 2.52 $ 2.88 $ 2.80OUTSTANDING DEBTPER ENPLANED PASSENGEROutstanding DebtA$ 1,438,708 $ 1,396,755 $ 1,447,404 $ 2,928,828 $ 3,011,174 $ 2,984,024 $ 2,889,899 $ 2,418,862 $ 2,342,431 $ 2,233,835Enplaned Passengers38,09538,64039,69841,83743,02121,08043,29345,28744,79745,375Outstanding Debt perenplaned Passenger$ 37.77 $ 36.15 $ 36.46 $ 70.01 $ 69.99N/A $ 66.75 $ 53.41 $ 52.29 $ 49.23Sources:A: Audited Financial StatementsB.June 2006 — 6 months of data

### 2010 Annual Report 67 

### CITY OF ATLANTA, GEORGIA — DEPARTMENT OF AVIATION ExHIBIT 5

ATLANTA FACT SHEET

GOVERNOR OF GEORGIA Sonny Perdue

MAYOR OF ATLANTA Kasim Reed

SIZE 8,480.27 Square Miles — Metropolitan Atlanta 131.57 Square Miles — City of Atlanta Sources: Atlanta Regional Commission, 2006

POPULATION 5,278,904 Population in the 28-county Atlanta Metropolitan Statistical Area, designated by the Metro Atlanta Chamber of Commerce 4,172,823 Population in the 10-county Atlanta region 519,145 Population of the city of Atlanta Source: Census Bureau, 2006; Atlanta Regional Commission, 2006

28-COUNTY METROPOLITAN STATISTICAL AREA, AS DESIGNATED BY THE FEDERAL OFFICE OF PLANNING AND BUDGET Barrow Bartow Butts Carroll Cherokee* Clayton* Cobb* Coweta Dawson DeKalb* Douglas* Fayette* Forsyth Fulton* Gwinnett*
Haralson Heard Henry* Jasper Lamar Meriwether Newton Paulding Pickens Pike Rockdale* Spalding Walton

* part of 10-county Atlanta region, Atlanta Regional Commission, 2006

VISITOR STATISTICS 7.663 million Total Visitors in 1997 (Fulton County) 6.930 million Total Visitors in 2001 6.700 million Total Visitors in 2002 6.974 million Total Visitors in 2003

VISITOR* STATISTICS 17.81 million Total Visitors in FY 2001 (July 1, 2000 — June 30, 2001) (Metro Atlanta) 17.30 million Total Visitors in 2002 (January 1, 2002 — December 31, 2002) 18.77 million Total Visitors in 2003 (January 1, 2003 — December 31, 2003) 32.8 million Total Visitors in 2004 (January 1, 2004 — December 31, 2004) 36.4 million Total Visitors in 2005 (January 1, 2005 — December 31, 2005) 38.1 million Total Visitors in 2006 (January 1, 2006 — December 31, 2006) 37.02 million Total Visitors in 2007 (January 1, 2007 — December 31, 2007)

$8.93 billion 2001 Total Tourist Expenditures(0.5% increase from FY 2000) $8.48 billion 2002 Total Tourist Expenditures (5% decrease from FY 2001) $8.75 billion 2003 Total Tourist Expenditures (3.2% increase from 2002) $9.6 billion 2004 Total Tourist Expenditures (9.7% increase from 2003) $10.2 billion 2005 Total Tourist Expenditures (6.2% increase from 2004) $11.4 billion 2006 Total Tourist Expenditures (11.8% increase from 2005) $11.4 billion 2007 Total Tourist Expenditures (remain flat from 2006)

*One person making one stay in one accommodation Sources: 2001-2003, Travel Industry Association of America, 2004-2007 Atlanta Convention & Visitors Bureau.

### 68 Hartsfield-Jackson Atlanta International AirportHARTSFIELD-JACkSON ATLANTA INTERNATIONAL AIRPORT ExHIBIT 6MAJOR TECHNOLOGY EMPLOYERS IN ATLANTAMetro Atlanta leads the nation in business growth and employment opportunities. The latest data shows that Metro Atlanta gained 69,000 new jobs in 2007, leadingthe country in job generation. During the last 10 years, 15 of metro Atlanta’s counties grew more than 35 percent, and three metro Atlanta counties experienced a 100percent rise in their population with Forsyth (161%) and Henry (137%) ranking first and second in growth. Moreover, Atlanta is placed third in the nation, among citieswith the most FORTUNE 500 company headquarters. Home Depot, Coca-Cola, Delta Air lines, United Parcel Service, Southern Company, Georgia Pacificand Mirant are only few of the firms that call metro Atlanta home and support a work force of more than 2.2 million. Atlanta is among the top five fastest growinghigh-technology metro areas in the nation, according to a Newsweek study.The following is a listing of the top 15 high-tech employers in Atlanta, ranked by number of full-time employees in AtlantaEMPLOYERPRODUCT OR SERVICEFULL-TIME EMPLOYEESAT&T CorporationWireless, high-speed internet access, voice services and directory publishing21,000Cox Enterprise Inc.Media and automotive services8,387IBM CorporationTelecommunication, IBM internet security system and IBM global service operations7,000Siemens Energy & AutomationHealthcare diagnostics, building technology, energy and automation, water technology3,678General Electric Inc.Power generation, financial servies and TV programing3,500McKessonHBOC Inc.Pharmaceutical supply management and information technologies for thehealthcare industry, services for payers and outsourcing3,397Verizon WirelessWireless voice and data network3,030ADP IncPayroll, HR, tax and benefits administration, providers of integrated computing solutions.3,019Accenture IncGlobal management consulting, technology services and outsourcing2,550Cisco Service ProviderDigital content contribution and distribution system transmission networksfor broad band access1,850Sprint Nextel Corp.Wireless services, data business services, long distance1,800Choice Point Inc. A LexisNexis Company Technology, software, information and marketing services to business and governments1,705Cox Communication Inc.Cable television, digital video, high-speed internet, advertising1,700Fiserv Inc.Information technology services to financial industry1,470Source: atlantasmartcity.com/html/work/overview.html#top25http://www.metroatlantachamber.com/macoc/business/img/summaryofeconomicgrowth.pdf

### 2010 Annual Report 69HARTSFIELD-JACkSON ATLANTA INTERNATIONAL AIRPORT ExHIBIT 6MAJOR TECHNOLOGY EMPLOYERS IN ATLANTAMetro Atlanta leads the nation in business growth and employment opportunities. The latest data shows that Metro Atlanta gained 69,000 new jobs in 2007, leadingthe country in job generation. During the last 10 years, 15 of metro Atlanta’s counties grew more than 35 percent, and three metro Atlanta counties experienced a 100percent rise in their population with Forsyth (161%) and Henry (137%) ranking first and second in growth. Moreover, Atlanta is placed third in the nation, among citieswith the most FORTUNE 500 company headquarters. Home Depot, Coca-Cola, Delta Air lines, United Parcel Service, Southern Company, Georgia Pacificand Mirant are only few of the firms that call metro Atlanta home and support a work force of more than 2.2 million. Atlanta is among the top five fastest growinghigh-technology metro areas in the nation, according to a Newsweek study.The following is a listing of the top 15 high-tech employers in Atlanta, ranked by number of full-time employees in AtlantaEMPLOYERPRODUCT OR SERVICEFULL-TIME EMPLOYEESAT&T CorporationWireless, high-speed internet access, voice services and directory publishing21,000Cox Enterprise Inc.Media and automotive services8,387IBM CorporationTelecommunication, IBM internet security system and IBM global service operations7,000Siemens Energy & AutomationHealthcare diagnostics, building technology, energy and automation, water technology3,678General Electric Inc.Power generation, financial servies and TV programing3,500McKessonHBOC Inc.Pharmaceutical supply management and information technologies for thehealthcare industry, services for payers and outsourcing3,397Verizon WirelessWireless voice and data network3,030ADP IncPayroll, HR, tax and benefits administration, providers of integrated computing solutions.3,019Accenture IncGlobal management consulting, technology services and outsourcing2,550Cisco Service ProviderDigital content contribution and distribution system transmission networksfor broad band access1,850Sprint Nextel Corp.Wireless services, data business services, long distance1,800Choice Point Inc. A LexisNexis Company Technology, software, information and marketing services to business and governments1,705Cox Communication Inc.Cable television, digital video, high-speed internet, advertising1,700Fiserv Inc.Information technology services to financial industry1,470Source: atlantasmartcity.com/html/work/overview.html#top25http://www.metroatlantachamber.com/macoc/business/img/summaryofeconomicgrowth.pdfCITY OF ATLANTA, GEORGIA — DEPARTMENT OF AVIATIONExHIBIT 6(Continued)HARTSFIELD-JACKSON ATLANTA INTERNATIONAL AIRPORTMAJOR EMPLOYERS IN ATLANTAAs of 2008, Atlanta ranks fifth in the nation among cities with the most FORTUNE 500 headquarters, with 10 companies calling Atlanta home. Twenty-two companies headquartered in Atlanta areranked among the Fortune 1,000 companies. More than 70% of all Fortune 1,000 companies have a presence in metropolitan Atlanta.METRO ATLANTA HEADqUARTERED FORTUNE 500 CORPORATIONS (REVENUES IN MILLIONS)RevenuesHome Depot$ 77,349UPS49,692The Coca-Cola Company28,857Coca-Cola Enterprise20,963Delta Air Lines19,154Southern Company15,353SunTrust Banks13,465Genuine Parts10,843First Data9,314AGCO6,828Newell Rubbermaid6,407NCC4,612GEORGIA FORTUNE 500 COMPANIES OUTSIDE OF METRO AREA (REVENUES IN MILLIONS)RevenuesAFLAC$ 15,393Mohawk Industries7,586Source: Fortune magazine, May 2010

### 70 Hartsfield-Jackson Atlanta International AirportCITY OF ATLANTA, GEORGIA — DEPARTMENT OF AVIATION ExHIBIT 7HARTSFIELD-JACKSON ATLANTA INTERNATIONAL AIRPORTGENERAL INFORMATIONOFFICIAL NAMEThe Hartsfield-Jackson Atlanta International AirportAIRPORT CODEATLOWNERSHIP/OPERATORThe City of Atlanta/Department of AviationDISTANCE FROM DOWNTOWN ATLANTA10 miles (16.2 Kilometers)ELEVATION ABOVE SEA LEVEL1,026 feet (316 meters)TOTAL AIRPORT AREA4,700 acres (1,518 Hectares)TERMINAL COMPLExThe terminal complex measures 130 acres (52.6 hectares), or 5.8 million square feet. The complex includes the terminalbuilding and concourses T, A, B, C, D and E – the International Concourse. Within these concourses, there are 148domestic and 28 international gates. The Airport is free of any architectural barriers to people with disabilities.RUNWAYSThere are five parallel runways in an east-west configuration:9R-27L = 9,000 feet long (2,743 meters). Category III.9L-27R = 11,889 feet long (3,624 meters). Category I.8R-26L = 10,000 feet long (3,048 meters). Category II.8L-26R = 9,000 feet long (2,743 meters). Category III.10 - 28 = 9,000 feet long (2,743 meters). Category IIPARkING CAPACITYThere are 30,667 public parking spaces, including 13,566 spaces in close-in parking decks, 7,584 in economy lots and8,184 in “Airport Park-Ride” lots and 1,333 in the “Silver Reserve” Parking lot. Special parking spaces are provided for thephysically challenged in each lot within closest proximityGROUND TRANSPORTATION30 Airport ground transportation shuttle services offer door to door reservation service covering the Atlanta metropolitanarea and boarding states. Vans carry seven to 10 passengers and depart every 15 minutes. Hartsfield-Jackson taxi standis located within the Ground Transportation Center, which is west of the baggage claim area. Hartsfield-Jackson Airport has11 rental car companies with free shuttle service to and from the Airport. The Metropolitan Atlanta Rapid Transit Authority(MARTA) is located on the west-end of the terminal building between the north and south baggage claim areas.

### 2010 Annual Report 71PEOPLE MOVERThe Airport’s underground-automated people mover, connecting all concourses with the terminal, consists of nine, four cartrains operating on a 3.5-mile loop track. The time between trains, at any 14 stations, is approximately two minutes.CONCESSIONSThere are more than 230 concession outlets throughout the airport, including 98 food and beverage, 81 retail and convenience,25 kiosks and 24 staffed service outlets covering approximately 232,000 square feet.ExECUTIVE CONFERENCE CENTERThe 24,000 square feet upscale Executive Conference Center at Hartsfield-Jackson, located in the Atrium terminal for theconvenience of business travelers from various origins, contains 23 meeting rooms, video conferencing, computer workstationsand catering offering an aesthetically pleasing environment in which to conduct business in a popular location for companyexecutives.EMPLOYMENTThe airport is considered to be the largest employment center in the State of Georgia. There are approximately 58,000 airline, groundtransportation, concessionaire, security, federal government, City of Atlanta and airport tenant employees at the airport.ECONOMIC IMPACTThe total airport payroll is $4.3 billion, resulting in a direct and indirect economic impact of $5.6 billion on the local and regional economy.The total annual regional economic impact of the airport is more than $18.7 billion.CITY OF ATLANTA, GEORGIA — DEPARTMENT OF AVIATION ExHIBIT 7(Continued)

### 72 Hartsfield-Jackson Atlanta International AirportCITY OF ATLANTA, GEORGIA — DEPARTMENT OF AVIATIONExHIBIT 8HARTSFIELD-JACKSON ATLANTA INTERNATIONAL AIRPORTCOMPARATIVE OPERATING STATISTICSFor Year Ended December 31,For Year Ended June 30,(Six Months)2000 2001200220032004200520062007200820092010AIRCRAFT OPERATIONSDOMESTICAir Carrier 645,232 625,897610,509615,120652,295644,792289,366640,566680,325671,757656,791Air Taxi 205,047 206,484218,773240,957254,139275,504150,377 268,761237,631222,623237,899General Aviation 21,948 13,40916,62411,91411,19210,7835,0379,94911,9727,515 7,342Military 2,2311,1201,7691,3251,5131,8891,0069171,0581,080 1,141Sub Total 874,458 846,910847,675869,316919,139932,968445,786920,193930,986902,975903,173INTERNATIONALAir Carrier 40,996 43,58442,29142,41145,71947,41827,61767,59268,14263,480 60,633TOTAL 915,454 890,494889,966911,727964,858980,386473,403987,785999,128966,455963,806ENPLANED PASSENGERSDOMESTICOn 37,238,515 35,279,31535,776,095 36,941,28538,720,51039,661,56019,066,98739,022,19440,747,76240,331,90240,953,747Off 36,784,603 34,617,01735,119,84836,344,63738,266,43639,112,48418,815,00238,150,26939,808,44339,044,75138,475,261Sub Total 74,023,118 69,896,33270,895,94373,285,92276,986,94678,774,04437,881,98977,172,46380,556,20579,388,88379,429,008INTERNATIONALOn 2,916,309 2,815,8992,863,5052,756,3153,116,1573,358,9722,010,3204,270,4174,539,4124,464,7504,421,551Off 2,892,588 2,790,7182,851,5332,745,0463,085,4833,375,4801,933,0894,286,6304,565,0574,497,4424,500,861Sub Total 5,808,897 5,606,6175,715,0385,501,3616,201,6406,734,4523,943,4098,557,0479,104,4698,962,1928,922,412DIRECT TRANSIT 330,392 355,551265,147 300,645417,997398,927230,202593,110561,976309,888 102,288TOTAL 80,162,407 75,858,500 76,876,12879,087,928 83,606,58385,907,423 42,055,600 86,322,620 90,222,650 88,648,733 88,453,708LANDED WEIGHTSMAIL (METRIC TONS) 238,488146,084 93,386115,089 91,96442,4516,6034,1345,7646,005 12,238FREIGHT & EXPRESS (METRIC TONS) 655,983 589,712640,697687,159768,739725,446364,288726,573703,458565,250 609,683*Beginning May 2005, Delta no longer transports mail.Source: Department of Aviation, Hartsfield-Jackson Atlanta International Airport, Atlanta, Georgia 30320.In June 2006 the reporting period changed from calendar year to fiscal year.

### 2010 Annual Report 73DOMESTIC SERVICEMajor and national airlinesAirTran AirwaysAmerican AirlinesContinental AirlinesDelta Air LinesFrontier AirlinesGeorgiaSkiesMidwest AirlinesNorthwest AirlinesSpirit AirlinesUnited AirlinesUS AirwaysWings AirRegional AirlinesAmerican Connection/American Eagle AirlinesAmerican Connection/Chautauqua AirlinesAmerican Connection/Trans States AirlinesDelta Connection/ASADelta Connection/ComairDelta Connection/Mesaba AirlinesDelta Connection/Pinnacle AirlinesDelta Connection/Shuttle AmericaDelta Connection/SkyWest AirlinesUnited Express/Mesa AirlinesUnited Express/Shuttle AmericaUS Airways Express/Air WisconsinUS Airways Express/Mesa AirlinesUS Airways Express/PSAUS Airways Express/Republic AirlinesCharter AirlinesOmni Air InternationalRyan InternationalWorld AirwaysCITY OF ATLANTA, GEORGIA — DEPARTMENT OF AVIATIONExHIBIT 9HARTSFIELD-JACKSON ATLANTA INTERNATIONAL AIRPORTAIRLINES SERVING THE AIRPORTPASSENGER AIRLINESINTERNATIONAL SERVICEU.S. Flag airlinesAirTran AirwaysDelta Air LinesDelta Connection/ASADelta Connection/ComairDelta Connection/Pinnacle AirlinesDelta Connection/Shuttle AmericaDelta Connection/SkyWest AirlinesNorthwest AirlinesForeign-flag airlinesAeroMexicoAir CanadaAir Canada JazzAIir FranceAir JamaicaBritish AirwaysKLM Royal Dutch AirlinesKorean AirLufthansa German AirlinesCARGO AIRLINESABX AirAir France CargoAir Transport InternationalAlitalia AirlinesBritish Airways CargoCargolux AirlinesCathay Pacific AirwaysChina AirlinesDelta Air LinesDHL ExpressEVA AirwaysFedExKorean Airlines CargoLufthansa German AirlinesMartinair HollandUPSCARGO CHARTER AIRLINESAtlas Air CargoGreat Wall AirlinesKalitta AirMcNeely Charter ServiceMountain Air CargoPolar Air Cargo

### 74 Hartsfield-Jackson Atlanta International Airport 

## CITY OF ATLANTA MAYOR kasim Reed

ATLANTA CITY COUNCIL

Council PresidentCeasar Mitchell

District 1 Carla Smith

District 2 Kwanza Hall

District 3 Ivory Lee Young Jr.

District 4 Cleta Winslow

District 5 Natalyn Mosby Archibong

District 6 Alex Wan

District 7 Howard Shook

District 8 Yolanda Adrean

District 9 Felicia A. Moore

District 10 C.T. Martin

District 11 Keisha Lance Bottoms

District 12 Joyce Sheperd

Post 1 Michael Julian Bond

Post 2 Aaron Watson

Post 3 H. Lamar Willis

Department of Aviation Louis Miller – Aviation General Manager

Prepared by the Department of Aviation’s Office of Public Affairs

www.atlanta-airport.com

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