NOTICE AND DISCLAIMER
Before accessing the Investor Relations section of this website, you must read, acknowledge and accept the following:
The information contained on this website has been included for general informational purposes only and as a convenience to investors, and no person or entity should make any investment decision in reliance upon the information contained herein. The information on this website is limited in scope and does not contain all material information concerning the Indianapolis Airport Authority (“IAA”) or its bonds that may be necessary to make an informed investment decision, nor does the website’s information constitute an offer to sell, or the solicitation of an offer to buy, the IAA’s bonds. Investors are encouraged to view the entirety of IAA’s disclosures made on the MSRB EMMA system by going to emma.msrb.org.
The information contained on this website speaks only as of the date indicated in the specific materials. In addition, the website’s information: (i) may not be current or updated at this time; (ii) may not address all of the factors which may be material to an investor; and (iii) may contain material misstatements or omissions of fact because of the passage of time or changes in facts or circumstances.
Accordingly, we recommend that you consult a licensed, qualified professional before making any investment decision(s).
Prior to acceptance of any offer or sale of any bonds, a Preliminary Official Statement relating to such bonds may be obtained from the IAA via this website, or otherwise. Bonds may not be sold, nor may an offer to buy be accepted, prior to the time that an Official Statement is delivered in final form. A definitive Official Statement with respect to any bonds will be made available within seven business days after any final agreement to purchase, offer or sell securities of the IAA. No statement found on this website is incorporated by reference in the Official Statement for any bonds, and no statement on this website constitutes a part of any Official Statement. No statement on this website is to be construed as a republication of any information previously disclosed and all information speaks only as of the date indicated within such materials.
The information on this website may include forward-looking information, including, but not limited to, projections and estimates. Such information is based on certain assumptions and expectations which may, or may not, occur or be realized. No assurances can be given that such projections or estimates will occur or be realized, and actual results may differ materially. Past results should not be relied on as predictions, or indicators, of future results.
The IAA reserves the right to change, alter, update and/or modify the information on this website, at any time, without notice, including, but not limited to, the terms and conditions of this “Notice and Disclaimer."
By choosing to continue and view the website’s information, you acknowledge that you have read, fully understand, and accept this Notice and Disclaimer.
Learn more about the Indianapolis Airport Authority (IAA) annual budget, ratings, debt profile and municipal compliance below.
The IAA prepares an Annual Budget of projected revenues and expenditures. The information is based on IAA’s current plans, expectations, estimates and assumptions which are subject to a number of uncertainties that could significantly affect current plans, anticipated actions, the timing of such actions in relation to our financial condition and the results of operations. Actual results may differ materially from expectations, estimates or assumptions expressed in or implied by any forward-looking statements made by the IAA. The Annual Budget is reviewed with the Airlines and approved by the City of Indianapolis.
Review the current and historical budgets below.
- IAA 2023 Budget Appropriation
- IAA 2022 Budget Appropriation
- IAA 2021 Budget Appropriation
- IAA 2020 Budget Appropriation
- IAA 2019 Budget Appropriation
- IAA 2018 Budget Appropriation
- IAA 2017 Budget Appropriation
- IAA 2016 Budget Appropriation
- IAA 2015 Budget Appropriation
- IAA 2014 Budget Appropriation
- IAA 2013 Budget Appropriation
Monthly Financial Reports (Unaudited)
The IAA prepares monthly airport operations and financial reporting that highlights relevant comparisons to prior year actual results and current year budget projections.
Review the current report below.
Annual Financial Reports
The Indianapolis Airport Authority produces and publishes a Annual Comprehensive Financial Report each year to document its organizational structure and a variety of financial information and statements prepared by an independent auditor related to revenue, expenses, cash flow, changes in retained earnings and debt service analysis.
The reports also include unaudited statistical information about Indianapolis International Airport's revenue by source, landed weights, numbers of enplaned passengers, rates and charges, cost per enplaned passenger and demographic data.
For additional information or questions about these reports, contact the Finance Department at 317-487-5283.
The IAA has been assigned municipal bond ratings by Standard & Poor's Rating Services, Moody's Investor Services, and Fitch Ratings:
Standard & Poor’s – A, Stable outlook
Moody's Investor Services - A1, Stable outlook
Fitch Ratings - A, Stable outlook
These ratings reflect only the respective views of the rating agencies as of the date of the respective reports.
IAA Official Statements pertain to currently outstanding revenue bonds only. IAA continuing disclosure and other material event filings are available on the Electronic Municipal Market Access website and can be obtained by visiting emma.msrb.org.
Use the tool below to view official statements for the outstanding revenue bonds.
- IAA 2019C Official Statement
- IAA 2019B Official Statement
- IAA 2016A-1 and A-2 Official Statement
- IAA 2015A Official Statement
- IAA 2014A Official Statement
- IAA 2010A Official Statement
- IAA 2008A Official Statement
- IAA 2006A and B Official Statement
- IAA 2005B Official Statement
- IAA 2004I Official Statement
In September 2013, SEC Release No. 34-70462 established final rules defining municipal advisors and advisory activities. The Municipal Advisor (MA) Rule became effective on July 1, 2014. The IAA has named Frasca & Associates, LLC as its MA. For more information, please review the MA notification.
The Dodd-Frank Act requires counter parties that desire to interact with the IAA on swap transactions and have the IAA confirm an understanding of its relationship with the counter parties, its ability to receive advice from such counter parties and the reliability of that information. The IAA has completed the online protocols for compliance with Dodd-Frank and is recognized as being in compliance with the following (go to www.markit.com for more details):
- ISDA Amend DF Protocol 1.0 (March 2012)
- ISDA Amend DF Protocol 2.0 (March 2013)
- ISDA Amend EMIR Protocol (European Protocol)
As a part of Dodd-Frank compliance, the IAA has named Frasca & Associates LLC as its Qualified Independent Representative (QIR) through a contract executed on February 15, 2016.
Contacts & Related Links
For additional information on investor relations, contact:
Indianapolis International Airport (IND) Investor Relations
Attention: Robert Thomson, Treasurer
7800 Col. H. Weir Cook Memorial Dr.
Indianapolis, IN 46241
Additional helpful related links include: