06122024-002 Financial Report — original pdf

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1 15 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 CITY OF AUSTIN AUSTIN-BERGSTROM INTERNATIONAL AIRPORT Airport Operating Fund 5070 Income Statement - For Internal Use Only Fiscal Year to Date for 7 Month(s) ended April 30, 2024 FY 2024 Budget Budget Seasonalized 7 month(s) FY 2024 CYE CYE Seasonalized 7 month(s) Year to Date w/ Accruals Variance Fav (Unfav) % Variance Fav (Unfav) Variance Fav (Unfav) % Variance Fav (Unfav) Y-T-D to Budget Y-T-D to CYE 2,491,042 289,208,645 1,453,108 162,778,511 5,000,000 317,033,111 2,916,667 178,727,529 2,962,350 180,327,084 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 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 27,159,694 53,818,343 80,978,037 36,134,577 4,592,224 12,476,681 8,818,246 3,645,031 3,140,603 11,540,006 80,347,367 46,170,681 4,238,794 24,037,013 7,967,581 82,414,069 3,158,291 4,128,743 5,853,584 8,384,662 10,339,010 3,931,122 35,795,411 361,608 3,881,809 1,256,910 117,862 2,177,144 2,724,192 307,847 266,858 740,083 0 11,834,312 53,744,580 94,770,054 148,514,634 75,170,413 10,977,853 21,309,473 19,546,350 7,250,762 4,908,235 24,355,391 163,518,477 92,972,047 7,264,214 44,227,387 16,606,860 161,070,508 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 5,934,852 527,737 457,471 1,268,713 0 21,593,671 29,736,319 54,299,334 84,035,653 40,678,872 6,120,730 13,130,503 11,204,729 3,818,721 3,414,014 13,407,642 91,775,210 51,283,204 3,559,232 22,390,084 9,645,634 86,878,154 3,158,291 4,128,743 5,853,584 8,384,662 10,339,010 3,931,122 35,795,411 361,608 3,881,809 1,256,910 117,862 2,177,144 3,461,997 307,847 266,858 740,083 0 12,572,117 29,939,362 54,433,500 84,372,862 40,783,109 6,272,590 13,611,015 11,476,094 3,927,571 3,420,288 13,501,206 92,991,873 51,379,194 3,467,704 22,226,098 9,662,565 86,735,560 3,158,291 4,128,743 5,853,584 8,384,662 10,339,010 3,931,122 35,795,411 361,608 3,881,809 1,256,910 117,862 2,177,144 2,752,844 307,847 266,858 740,083 0 11,862,964 2,779,668 615,157 3,394,825 4,648,532 1,680,366 1,134,335 2,657,848 282,541 279,685 1,961,200 12,644,506 1,509,242 17,548,572 (5,208,513) 771,090 1,810,915 (1,694,983) (4,321,491) 0 0 0 0 0 0 0 0 0 0 0 0 (28,652) 0 0 0 0 (28,652) 10.2% 1.1% 4.2% 12.9% 36.6% 9.1% 30.1% 7.8% 8.9% 17.0% 15.7% 103.9% 10.8% (11.3%) 18.2% 7.5% (21.3%) (5.2%) 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%) 203,043 134,166 337,209 104,237 151,860 480,512 271,365 108,851 6,274 93,564 1,216,663 45,683 1,599,554 (95,989) 91,528 163,986 (16,931) 142,594 0 0 0 0 0 0 0 0 0 0 0 0 709,153 0 0 0 0 709,153 0.7% 0.2% 0.4% 0.3% 2.5% 3.7% 2.4% 2.9% 0.2% 0.7% 1.3% 1.6% 0.9% (0.2%) 2.6% 0.7% (0.2%) 0.2% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 20.5% 0.0% 0.0% 0.0% N/A 5.6% TOTAL REQUIREMENTS 240,739,605 130,043,793 249,298,562 135,245,683 134,393,936 (4,350,143) (3.3%) 851,747 0.6% EXCESS (DEFICIT) OF TOTAL AVAILABLE FUNDS OVER TOTAL REQUIREMENTS Note: Columns may not add to totals shown because of rounding 48,469,040 32,734,719 67,734,549 43,481,847 45,933,148 13,198,429 40.3% 2,451,301 5.6% CITY OF AUSTIN AUSTIN-BERGSTROM INTERNATIONAL AIRPORT INCOME STATEMENT COMPARISON THIS YEAR VS. LAST YEAR This month - This Year vs. Last Year FY24 (Apr 24) vs FY23 (Apr 23) Fiscal YTD - This Year vs. Last Year FY24 (Oct 23 - Apr 24) vs FY23 (Oct 22 - Apr 23) FY24 Apr-24 FY23 Apr-23 Fav (Unfav) $ Variance Fav (Unfav) % Variance FY24 YTD Apr-24 FY23 YTD Apr-23 Fav (Unfav) $ Variance Fav (Unfav) % Variance 4,384,451 7,860,183 12,244,634 3,344,115 6,005,767 9,349,882 5,755,747 980,249 2,633,026 1,762,721 631,548 400,108 1,960,966 14,124,365 5,209,513 884,799 2,240,720 1,616,059 634,502 411,343 1,905,824 12,902,761 527,310 26,896,310 469,385 22,722,028 6,986,820 440,923 3,093,479 1,288,434 11,809,655 451,338 589,820 836,226 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 5,329,895 570,784 2,645,060 1,136,154 9,681,893 450,623 589,820 836,226 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 1,040,335 1,854,416 2,894,752 546,234 95,450 392,306 146,662 (2,953) (11,235) 55,142 1,221,604 57,925 4,174,281 31.1% 30.9% 31.0% 10.5% 10.8% 17.5% 9.1% (0.5%) (2.7%) 2.9% 9.5% 12.3% 18.4% (1,656,925) 129,861 (448,419) (152,280) (2,127,763) (31.1%) 22.8% (17.0%) (13.4%) (22.0%) (715) 0 0 7,015 (479) (551,894) (546,073) (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%) 2,962,350 180,327,084 2,004,533 155,023,167 957,817 25,303,917 29,939,362 54,433,500 84,372,862 40,783,109 6,272,590 13,611,015 11,476,094 3,927,571 3,420,288 13,501,206 92,991,873 51,379,194 3,467,704 22,226,098 9,662,565 86,735,560 3,158,291 4,128,743 5,853,584 8,384,662 10,339,010 3,931,122 35,795,411 361,608 3,881,809 1,256,910 117,862 2,177,144 2,752,844 307,847 266,858 740,083 11,862,964 26,318,248 41,952,326 68,270,574 36,377,758 5,693,559 12,901,364 10,396,199 4,161,180 3,156,302 12,061,699 84,748,061 38,451,796 3,754,443 17,721,551 7,622,444 67,550,234 3,154,882 4,128,743 5,853,584 8,432,285 10,335,469 67,618 31,972,581 272,682 3,888,422 1,013,903 111,969 0 2,659,643 271,286 264,112 919,285 9,401,302 3,621,114 12,481,174 16,102,288 4,405,350 579,031 709,652 1,079,895 (233,609) 263,986 1,439,507 8,243,812 13.8% 29.8% 23.6% 12.1% 10.2% 5.5% 10.4% (5.6%) 8.4% 11.9% 9.7% 47.8% 16.3% (12,927,397) 286,739 (4,504,546) (2,040,121) (19,185,326) (33.6%) 7.6% (25.4%) (26.8%) (28.4%) (3,408) 0 0 47,623 (3,542) (3,863,504) (3,822,830) (88,926) 6,613 (243,007) (5,893) (2,177,144) (93,201) (36,561) (2,746) 179,202 (2,461,663) (0.1%) 0.0% 0.0% 0.6% (0.0%) (5713.7%) (12.0%) (32.6%) 0.2% (24.0%) (5.3%) N/A (3.5%) (13.5%) (1.0%) 19.5% (26.2%) 8,300,272 7,130,758 1,169,514 16.4% 45,933,148 46,099,050 (165,902) (0.4%) 0 0 0 (870,479) (1,922,013) (2,792,492) (870,479) (1,922,013) (2,792,492) (100.0%) (100.0%) (100.0%) 0 0 0 (6,086,728) (26,559,006) (32,645,734) (6,086,728) (26,559,006) (32,645,734) (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 18,596,037 15,591,270 (3,004,767) (19.3%) 134,393,936 108,924,117 (25,469,819) (23.4%) TOTAL SURPLUS (DEFICIT) AFTER FEDERAL RELIEF 8,300,272 9,923,251 (1,622,978) (16.4%) $ 45,933,148 $ 78,744,784 $ (32,811,636) (41.7%) Note: Columns may not add to totals shown because of rounding