20240508-002 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 6 Month(s) ended March 31, 2024 1 13 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 FY 2024 Budget Budget Seasonalized 6 month(s) Year to Date w/ Accruals Variance Fav (Unfav) % Variance Fav (Unfav) Y-T-D to Budget 1,245,521 139,600,118 2,435,039 153,430,774 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 23,664,657 46,549,791 70,214,448 30,984,275 3,850,603 10,256,732 7,470,273 3,146,162 2,675,071 9,757,034 68,140,150 39,925,920 3,670,194 20,712,883 6,893,054 71,202,050 2,706,953 3,538,922 5,017,358 7,188,332 8,861,906 3,369,533 30,683,004 309,950 3,327,265 1,077,352 101,025 1,886,858 2,335,022 263,869 228,736 634,357 0 10,164,431 25,554,911 46,573,317 72,128,227 35,027,362 5,292,341 10,977,989 9,713,372 3,296,023 3,020,180 11,540,240 78,867,508 44,392,374 3,026,781 19,132,619 8,374,130 74,925,904 2,706,953 3,538,922 5,017,358 7,188,332 8,861,906 3,369,533 30,683,004 309,950 3,327,265 1,077,351 101,025 1,886,858 2,359,581 263,868 228,735 634,356 0 10,188,990 (4,466,454) 643,412 1,580,264 (1,481,077) (3,723,855) (11.2%) 17.5% 7.6% (21.5%) (5.2%) 1,890,254 23,526 1,913,780 4,043,086 1,441,738 721,258 2,243,100 149,861 345,109 1,783,206 10,727,358 1,189,518 13,830,656 0 0 0 0 0 0 0 0 0 0 0 0 (24,559) 0 0 0 0 (24,559) 8.0% 0.1% 2.7% 13.0% 37.4% 7.0% 30.0% 4.8% 12.9% 18.3% 15.7% 95.5% 9.9% 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 240,739,605 112,049,485 115,797,899 (3,748,413) (3.3%) EXCESS (DEFICIT) OF TOTAL AVAILABLE FUNDS OVER TOTAL REQUIREMENTS Note: Columns may not add to totals shown because of rounding 48,469,040 27,550,633 37,632,876 10,082,242 36.6% CITY OF AUSTIN AUSTIN-BERGSTROM INTERNATIONAL AIRPORT INCOME STATEMENT COMPARISON THIS YEAR VS. LAST YEAR This month - This Year vs. Last Year FY24 (Mar 24) vs FY23 (Mar 23) Fiscal YTD - This Year vs. Last Year FY24 (Oct 23 - Mar 24) vs FY23 (Oct 22 - Mar 23) FY24 Mar-24 FY23 Mar-23 Fav (Unfav) $ Variance Fav (Unfav) % Variance FY24 YTD Mar-24 FY23 YTD Mar-23 Fav (Unfav) $ Variance Fav (Unfav) % Variance 471,001 27,111,403 415,522 24,133,960 55,479 2,977,443 2,435,039 153,430,774 1,535,147 132,301,138 899,892 21,129,636 4,322,872 7,947,557 12,270,429 4,128,152 6,161,437 10,289,589 194,720 1,786,120 1,980,840 6,142,787 977,118 2,063,339 1,727,260 634,655 790,630 2,034,183 14,369,973 5,541,032 960,145 1,946,249 1,695,974 677,399 708,220 1,899,831 13,428,849 601,755 16,973 117,090 31,286 (42,743) 82,409 134,352 941,124 4.7% 29.0% 19.3% 10.9% 1.8% 6.0% 1.8% (6.3%) 11.6% 7.1% 7.0% 13.4% 12.3% 8,857,694 559,211 3,971,798 1,559,620 14,948,323 7,429,255 504,933 2,972,938 1,255,982 12,163,107 (1,428,440) (54,278) (998,860) (303,638) (2,785,216) (19.2%) (10.7%) (33.6%) (24.2%) (22.9%) 451,338 589,820 836,226 1,196,330 1,477,104 561,589 5,112,407 51,658 554,544 179,559 16,837 435,429 393,263 43,978 38,123 105,726 1,819,117 450,623 589,820 836,226 1,203,345 1,476,625 9,694 4,566,334 38,955 555,489 144,843 15,996 0 379,949 38,755 37,730 131,326 1,343,043 (715) 0 0 7,015 (479) (551,894) (546,073) (12,704) 945 (34,715) (842) (435,429) (13,314) (5,223) (392) 25,600 (476,074) (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% (35.4%) 25,554,911 46,573,317 72,128,227 35,027,362 5,292,341 10,977,989 9,713,372 3,296,023 3,020,180 11,540,240 78,867,508 44,392,374 3,026,781 19,132,619 8,374,130 74,925,904 2,706,953 3,538,922 5,017,358 7,188,332 8,861,906 3,369,533 30,683,004 309,950 3,327,265 1,077,351 101,025 1,886,858 2,359,581 263,868 228,735 634,356 10,188,990 22,974,133 35,946,559 58,920,691 31,168,245 4,808,760 10,660,643 8,780,140 3,526,678 2,744,959 10,155,874 71,845,300 33,121,901 3,183,658 15,076,491 6,486,290 57,868,341 2,704,259 3,538,922 5,017,358 7,228,940 8,858,844 57,924 27,406,247 233,728 3,332,934 869,060 95,973 0 2,279,694 232,531 226,382 787,959 8,058,259 2,580,778 10,626,758 13,207,536 3,859,117 483,581 317,346 933,233 (230,655) 275,221 1,384,365 7,022,208 11.2% 29.6% 22.4% 12.4% 10.1% 3.0% 10.6% (6.5%) 10.0% 13.6% 9.8% 58.6% 16.0% (11,270,473) 156,877 (4,056,127) (1,887,841) (17,057,563) (34.0%) 4.9% (26.9%) (29.1%) (29.5%) (2,694) 0 0 40,608 (3,063) (3,311,609) (3,276,757) (76,222) 5,668 (208,292) (5,052) (1,886,858) (79,887) (31,338) (2,353) 153,602 (2,130,731) (0.1%) 0.0% 0.0% 0.6% (0.0%) (5717.2%) (12.0%) (32.6%) 0.2% (24.0%) (5.3%) N/A (3.5%) (13.5%) (1.0%) 19.5% (26.4%) 5,231,555 6,061,476 (829,921) (13.7%) 37,632,876 38,968,292 (1,335,416) (3.4%) 0 0 0 (957,669) (3,084,251) (4,041,921) (957,669) (3,084,251) (4,041,921) (100.0%) (100.0%) (100.0%) 0 0 0 (5,216,249) (24,636,993) (29,853,241) (5,216,249) (24,636,993) (29,853,241) (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 21,879,848 18,072,484 (3,807,364) (21.1%) 115,797,899 93,332,846 (22,465,052) (24.1%) TOTAL SURPLUS (DEFICIT) AFTER FEDERAL RELIEF 5,231,555 10,103,396 (4,871,842) (48.2%) $ 37,632,876 $ 68,821,533 $ (31,188,658) (45.3%) Note: Columns may not add to totals shown because of rounding