20240410-002B Financial Report — original pdf

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CITY OF AUSTIN AUSTIN-BERGSTROM INTERNATIONAL AIRPORT Airport Operating Fund 5070 Income Statement - For Internal Use Only Fiscal Year to Date for 5 Month(s) ended February 29, 2024 FY 2024 Budget Budget Seasonalized 5 month(s) Year to Date w/ Accruals Variance Fav (Unfav) % Variance Fav (Unfav) Y-T-D to Budget 0 10 REVENUE AIRLINE REVENUE Landing Fees Terminal Rental & Other Fees TOTAL AIRLINE REVENUE NON-AIRLINE REVENUE Parking Ground Transportation for Hire Rental Cars Food & Beverage Retail Advertising Other Concessions, Rentals & Fees TOTAL NON-AIRLINE REVENUE Interest Income TOTAL REVENUE OPERATING REQUIREMENTS Fac Mgmt, Ops and Airport Security Airport Planning and Development Support Services Business Services 2013 Prosperity Bank Loan 2014 Bond Issuance 2017 Bond Issuance 2019 Refunding Bonds 2019 New Money 2022 New Money TOTAL Net Debt Service OTHER REQUIREMENTS Workers' Compensation Citywide Administrative Support Communications & Technology Mgmt Accrued Payroll Additional Retirement Contribution Operating Reserve CTECC Trunked Radio Allocation Public Works Capital Projects Mgmt Fund Compensation Adjustment TOTAL OTHER REQUIREMENTS TOTAL OPERATING EXPENSES Debt Service 1,037,934 115,334,610 1,964,038 126,319,371 926,104 10,984,762 47,227,041 91,892,750 139,119,791 67,567,206 8,940,600 20,911,887 16,357,880 6,920,612 4,906,850 21,992,777 147,597,812 2,491,042 289,208,645 85,141,445 8,161,976 46,218,424 14,238,156 153,760,001 5,414,978 7,077,844 10,034,715 14,366,313 17,724,531 12,016,000 66,634,383 619,900 6,654,530 2,154,703 202,049 3,773,716 4,670,043 527,737 457,471 1,268,713 16,359 20,345,221 19,830,495 39,294,167 59,124,662 25,519,684 3,035,708 8,186,543 6,038,900 2,447,404 1,894,055 8,049,719 55,172,013 31,626,959 2,860,775 16,294,749 5,425,097 56,207,580 2,255,616 2,949,102 4,181,131 5,992,002 7,384,802 2,807,944 25,570,597 258,292 2,772,721 897,793 84,187 1,451,429 1,945,851 219,890 190,613 528,630 0 8,349,407 21,232,039 38,625,759 59,857,798 28,884,575 4,315,223 8,914,651 7,986,112 2,661,368 2,229,551 9,506,056 64,497,535 35,534,680 2,467,571 15,160,821 6,814,510 59,977,581 2,255,616 2,949,102 4,181,131 5,992,002 7,384,802 2,807,944 25,570,597 258,292 2,772,721 897,793 84,187 1,451,429 1,966,317 219,890 190,613 528,630 0 8,369,872 (3,907,720) 393,204 1,133,928 (1,389,413) (3,770,001) (12.4%) 13.7% 7.0% (25.6%) (6.7%) 1,401,544 (668,408) 733,136 3,364,891 1,279,515 728,107 1,947,212 213,964 335,496 1,456,337 9,325,522 0 0 0 0 0 0 0 0 0 0 0 0 (20,466) 0 0 0 0 (20,466) 7.1% (1.7%) 1.2% 13.2% 42.1% 8.9% 32.2% 8.7% 17.7% 18.1% 16.9% 89.2% 9.5% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% (1.1%) 0.0% 0.0% 0.0% N/A (0.2%) TOTAL REQUIREMENTS 240,739,605 90,127,584 93,918,051 (3,790,467) (4.2%) EXCESS (DEFICIT) OF TOTAL AVAILABLE FUNDS OVER TOTAL REQUIREMENTS Note: Columns may not add to totals shown because of rounding 48,469,040 25,207,026 32,401,321 7,194,295 28.5% CITY OF AUSTIN AUSTIN-BERGSTROM INTERNATIONAL AIRPORT INCOME STATEMENT COMPARISON THIS YEAR VS. LAST YEAR This month - This Year vs. Last Year FY24 (Feb 24) vs FY23 (Feb 23) Fiscal YTD - This Year vs. Last Year FY24 (Oct 23 - Feb 24) vs FY23 (Oct 22 - Feb 23) FY24 Feb-24 FY23 Feb-23 Fav (Unfav) $ Variance Fav (Unfav) % Variance FY24 YTD Feb-24 FY23 YTD Feb-23 Fav (Unfav) $ Variance Fav (Unfav) % Variance 3,574,769 7,855,674 11,430,443 3,452,108 5,633,789 9,085,898 5,126,040 788,790 1,527,042 1,408,231 479,586 358,686 1,716,691 11,405,066 4,446,124 678,465 1,455,286 1,274,477 486,222 254,267 1,709,728 10,304,569 402,954 23,238,463 311,855 19,702,322 7,117,162 439,270 3,189,796 1,283,698 12,029,927 451,338 589,820 836,226 1,196,330 1,477,104 561,589 5,112,407 51,658 554,544 179,559 16,837 290,286 393,263 43,978 38,123 105,726 1,673,974 5,131,125 515,163 2,644,343 1,075,830 9,366,460 450,623 589,820 836,226 1,203,298 1,476,625 9,694 4,566,287 38,955 555,489 144,843 15,996 0 379,949 38,755 37,730 131,326 1,343,043 122,661 2,221,885 2,344,546 679,916 110,325 71,755 133,754 (6,636) 104,419 6,963 1,100,497 91,098 3,536,141 3.6% 39.4% 25.8% 15.3% 16.3% 4.9% 10.5% (1.4%) 41.1% 0.4% 10.7% 29.2% 17.9% (1,986,037) 75,893 (545,454) (207,868) (2,663,467) (38.7%) 14.7% (20.6%) (19.3%) (28.4%) (715) 0 0 6,968 (479) (551,894) (546,120) (12,704) 945 (34,715) (842) (290,286) (13,314) (5,223) (392) 25,600 (330,931) (0.2%) 0.0% 0.0% 0.6% (0.0%) (5693.0%) (12.0%) (32.6%) 0.2% (24.0%) (5.3%) N/A (3.5%) (13.5%) (1.0%) 19.5% (24.6%) 1,964,038 126,319,371 1,119,625 108,167,179 844,413 18,152,193 21,232,039 38,625,759 59,857,798 28,884,575 4,315,223 8,914,651 7,986,112 2,661,368 2,229,551 9,506,056 64,497,535 35,534,680 2,467,571 15,160,821 6,814,510 59,977,581 2,255,616 2,949,102 4,181,131 5,992,002 7,384,802 2,807,944 25,570,597 258,292 2,772,721 897,793 84,187 1,451,429 1,966,317 219,890 190,613 528,630 8,369,872 18,845,981 29,785,121 48,631,102 25,627,213 3,848,615 8,714,395 7,084,166 2,849,280 2,036,739 8,256,043 58,416,451 25,692,647 2,678,726 12,103,554 5,230,308 45,705,234 2,253,636 2,949,102 4,181,131 6,025,595 7,382,219 48,229 22,839,913 194,773 2,777,445 724,216 79,978 0 1,899,745 193,775 188,652 656,632 6,715,215 2,386,058 8,840,638 11,226,696 3,257,361 466,608 200,256 901,946 (187,912) 192,812 1,250,013 6,081,084 12.7% 29.7% 23.1% 12.7% 12.1% 2.3% 12.7% (6.6%) 9.5% 15.1% 10.4% 75.4% 16.8% (9,842,033) 211,155 (3,057,267) (1,584,202) (14,272,347) (38.3%) 7.9% (25.3%) (30.3%) (31.2%) (1,979) 0 0 33,593 (2,583) (2,759,715) (2,730,684) (63,519) 4,724 (173,577) (4,210) (1,451,429) (66,572) (26,115) (1,961) 128,002 (1,654,657) (0.1%) 0.0% 0.0% 0.6% (0.0%) (5722.1%) (12.0%) (32.6%) 0.2% (24.0%) (5.3%) N/A (3.5%) (13.5%) (1.0%) 19.5% (24.6%) 4,422,155 4,426,532 (4,377) (0.1%) 32,401,321 32,906,816 (505,495) (1.5%) 0 0 0 (828,963) (3,318,293) (4,147,256) (828,963) (3,318,293) (4,147,256) (100.0%) (100.0%) (100.0%) 0 0 0 (4,258,579) (21,552,742) (25,811,321) (4,258,579) (21,552,742) (25,811,321) (100.0%) (100.0%) (100.0%) Airline Revenue Landing Fees Terminal Rental & Other Fees Total Airline Revenue Non-Airline Revenue Parking Ground Transportation for Hire Rental Cars Food & Beverage Retail Advertising Other Concessions, Rentals & Fees Total Non-Airline Revenue Interest Income Total Operating Revenue Operating Requirements Fac Mgmt, Ops and Airport Security Airport Planning and Development Support Services Business Services Total Operating Expense Debt Service 2013 Prosperity Bank Loan 2014 Bond Issuance 2017 Bond Issuance 2019 Refunding Bonds 2019 New Money 2022 New Money Total Debt Service Other Requirements Workers' Compensation Citywide Administrative Support Communications & Technology Mgmt Accrued Payroll Additional Retirement Contribution Operating Reserve CTECC Trunked Radio Allocation Public Works Capital Projects Mgmt Fund Total Other Requirements SURPLUS (DEFICIT) OF TOTAL AVAILABLE FUNDS OVER TOTAL REQUIREMENTS Federal Relief Reimbursement (Parking) Federal Relief Reimbursement (Debt Service) Total Federal Relief Total Requirements 18,816,308 15,275,790 (3,540,518) (23.2%) 93,918,051 75,260,362 (18,657,688) (24.8%) TOTAL SURPLUS (DEFICIT) AFTER FEDERAL RELIEF 4,422,155 8,573,788 (4,151,633) (48.4%) $ 32,401,321 $ 58,718,137 $ (26,316,816) (44.8%) Note: Columns may not add to totals shown because of rounding