20240710-002 Financial Report — original pdf

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1 17 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 8 Month(s) ended May 31, 2024 FY 2024 Budget Budget Seasonalized 8 month(s) FY 2024 CYE CYE Seasonalized 8 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 1,660,695 187,623,910 5,000,000 317,033,111 3,333,333 205,884,692 3,481,681 208,493,255 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 31,087,782 61,251,753 92,339,535 42,169,076 5,350,062 14,422,027 10,467,781 4,385,676 3,468,232 13,360,827 93,623,680 52,442,178 4,821,775 27,437,959 9,052,029 93,753,941 3,609,628 4,718,563 6,689,810 9,580,993 11,816,115 5,079,034 41,494,142 413,267 4,436,353 1,436,469 134,699 2,467,430 3,113,362 351,825 304,981 845,809 0 13,504,194 53,744,580 94,770,054 148,514,634 34,435,822 62,200,586 96,636,408 34,586,458 62,577,512 97,163,971 75,170,413 10,977,853 21,309,473 19,546,350 7,250,762 4,908,235 24,355,391 163,518,477 47,300,628 6,967,232 15,016,755 13,029,724 4,594,743 3,691,184 15,314,686 105,914,951 47,638,804 7,294,918 15,511,359 13,445,179 4,624,942 3,839,197 15,493,205 107,847,604 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 58,126,112 4,096,499 25,666,774 10,918,727 98,808,112 3,609,628 4,718,563 6,689,810 9,580,993 11,816,115 5,079,034 41,494,142 413,267 4,436,353 1,436,469 134,699 2,467,430 3,956,568 351,825 304,981 845,809 0 14,347,399 58,560,245 3,922,505 25,159,699 10,862,727 98,505,176 3,609,628 4,718,563 6,689,810 9,580,993 11,816,115 5,079,034 41,494,142 413,267 4,436,353 1,436,469 134,699 2,467,430 3,146,107 351,825 304,981 845,809 0 13,536,939 3,498,676 1,325,759 4,824,435 5,469,728 1,944,857 1,089,332 2,977,398 239,267 370,965 2,132,378 14,223,924 1,820,986 20,869,346 (6,118,067) 899,270 2,278,261 (1,810,698) (4,751,235) 0 0 0 0 0 0 0 0 0 0 0 0 (32,745) 0 0 0 0 (32,745) 11.3% 2.2% 5.2% 13.0% 36.4% 7.6% 28.4% 5.5% 10.7% 16.0% 15.2% 109.7% 11.1% (11.7%) 18.7% 8.3% (20.0%) (5.1%) 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%) 150,636 376,926 527,563 338,176 327,686 494,603 415,455 30,200 148,013 178,519 1,932,653 148,347 2,608,563 (434,134) 173,994 507,075 56,000 302,935 0 0 0 0 0 0 0 0 0 0 0 0 810,460 0 0 0 0 810,461 0.4% 0.6% 0.5% 0.7% 4.7% 3.3% 3.2% 0.7% 4.0% 1.2% 1.8% 4.5% 1.3% (0.7%) 4.2% 2.0% 0.5% 0.3% 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 240,739,605 148,752,277 249,298,562 154,649,653 153,536,257 (4,783,980) (3.2%) 1,113,396 0.7% EXCESS (DEFICIT) OF TOTAL AVAILABLE FUNDS OVER TOTAL REQUIREMENTS Note: Columns may not add to totals shown because of rounding 48,469,040 38,871,633 67,734,549 51,235,039 54,956,998 16,085,365 41.4% 3,721,959 7.3% CITY OF AUSTIN AUSTIN-BERGSTROM INTERNATIONAL AIRPORT INCOME STATEMENT COMPARISON THIS YEAR VS. LAST YEAR This month - This Year vs. Last Year FY24 (May 24) vs FY23 (May 23) Fiscal YTD - This Year vs. Last Year FY24 (Oct 23 - May 24) vs FY23 (Oct 22 - May 23) FY24 May-24 FY23 May-23 Fav (Unfav) $ Variance Fav (Unfav) % Variance Fav (Unfav) $ Variance Fav (Unfav) % Variance 4,647,097 8,144,012 12,791,109 3,733,754 6,087,452 9,821,206 6,855,696 1,022,328 1,900,343 1,969,085 697,371 418,909 1,991,999 14,855,731 6,280,027 901,336 1,828,238 1,792,892 628,994 317,281 1,814,275 13,563,042 519,331 28,166,172 571,877 23,956,126 7,181,051 454,801 2,933,601 1,200,163 11,769,616 451,338 589,820 836,226 1,196,330 1,477,104 1,147,912 5,698,731 51,658 554,544 179,559 16,837 290,286 393,263 43,978 38,123 105,726 1,673,974 5,058,518 552,358 2,520,521 1,196,354 9,327,751 450,623 589,820 836,226 1,203,298 1,476,625 285,645 4,842,237 38,955 555,489 144,843 15,996 0 379,949 38,755 37,730 131,326 1,343,043 913,343 2,056,560 2,969,903 575,669 120,992 72,105 176,193 68,376 101,629 177,724 1,292,689 (52,546) 4,210,046 (2,122,534) 97,557 (413,080) (3,808) (2,441,865) (715) 0 0 6,968 (479) (862,267) (856,493) (12,704) 945 (34,715) (842) (290,286) (13,314) (5,223) (392) 25,600 (330,931) 24.5% 33.8% 30.2% 9.2% 13.4% 3.9% 9.8% 10.9% 32.0% 9.8% 9.5% (9.2%) 17.6% (42.0%) 17.7% (16.4%) (0.3%) (26.2%) (0.2%) 0.0% 0.0% 0.6% (0.0%) (301.9%) (17.7%) (32.6%) 0.2% (24.0%) (5.3%) N/A (3.5%) (13.5%) (1.0%) 19.5% (24.6%) 2,576,410 178,979,293 905,271 29,513,963 FY24 YTD May-24 34,586,458 62,577,512 97,163,971 47,638,804 7,294,918 15,511,359 13,445,179 4,624,942 3,839,197 15,493,205 107,847,604 3,481,681 208,493,255 58,560,245 3,922,505 25,159,699 10,862,727 98,505,176 3,609,628 4,718,563 6,689,810 9,580,993 11,816,115 5,079,034 41,494,142 413,267 4,436,353 1,436,469 134,699 2,467,430 3,146,107 351,825 304,981 845,809 13,536,939 FY23 YTD May-23 30,052,002 48,039,778 78,091,780 42,657,785 6,594,895 14,729,601 12,189,091 4,790,175 3,473,582 13,875,974 98,311,103 43,510,314 4,306,801 20,242,073 8,818,798 76,877,985 3,605,505 4,718,563 6,689,810 9,635,583 11,812,094 353,263 36,814,818 311,637 4,443,911 1,158,746 127,964 0 3,039,592 310,041 301,843 1,050,611 10,744,345 4,534,456 14,537,734 19,072,191 4,981,019 700,023 781,757 1,256,088 (165,232) 365,615 1,617,231 9,536,501 15.1% 30.3% 24.4% 11.7% 10.6% 5.3% 10.3% (3.4%) 10.5% 11.7% 9.7% 35.1% 16.5% (15,049,931) 384,296 (4,917,626) (2,043,929) (21,627,191) (34.6%) 8.9% (24.3%) (23.2%) (28.1%) (4,123) 0 0 54,591 (4,021) (4,725,771) (4,679,324) (101,630) 7,558 (277,723) (6,735) (2,467,430) (106,515) (41,784) (3,138) 204,803 (2,792,594) (0.1%) 0.0% 0.0% 0.6% (0.0%) (1337.7%) (12.7%) (32.6%) 0.2% (24.0%) (5.3%) N/A (3.5%) (13.5%) (1.0%) 19.5% (26.0%) 9,023,850 8,443,094 580,756 6.9% 54,956,998 54,542,144 414,854 0.8% 0 0 0 (893,435) (1,500,928) (2,394,363) (893,435) (1,500,928) (2,394,363) (100.0%) (100.0%) (100.0%) 0 0 0 (6,980,163) (28,059,934) (35,040,097) (6,980,163) (28,059,934) (35,040,097) (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 19,142,322 15,513,032 (3,629,290) (23.4%) 153,536,257 124,437,148 (29,099,109) (23.4%) TOTAL SURPLUS (DEFICIT) AFTER FEDERAL RELIEF 9,023,850 10,837,458 (1,813,608) (16.7%) $ 54,956,998 $ 89,582,241 $ (34,625,244) (38.7%) Note: Columns may not add to totals shown because of rounding