20240814-002 Financial Report — original pdf

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1 19 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 9 Month(s) ended June 30, 2024 FY 2024 Budget Budget Seasonalized 9 month(s) FY 2024 CYE CYE Seasonalized 9 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 47,227,041 91,892,750 139,119,791 35,026,584 68,924,653 103,951,237 53,744,580 94,770,054 148,514,634 39,148,144 70,356,399 109,504,543 39,171,470 70,912,133 110,083,603 67,567,206 8,940,600 20,911,887 16,357,880 6,920,612 4,906,850 21,992,777 147,597,812 48,614,054 6,115,135 16,173,273 12,029,774 5,055,245 3,836,708 15,223,781 107,047,970 75,170,413 10,977,853 21,309,473 19,546,350 7,250,762 4,908,235 24,355,391 163,518,477 54,372,808 7,821,816 16,714,804 14,757,866 5,296,294 4,002,910 17,265,858 120,232,356 55,267,815 8,161,007 17,255,602 15,293,925 5,269,416 4,319,489 17,612,975 123,180,228 2,491,042 289,208,645 1,868,282 212,867,489 5,000,000 317,033,111 3,750,000 233,486,899 3,975,913 237,239,743 4,144,885 1,987,480 6,132,366 6,653,760 2,045,872 1,082,329 3,264,150 214,171 482,781 2,389,194 16,132,257 2,107,631 24,372,254 85,141,445 8,161,976 46,218,424 14,238,156 153,760,001 58,778,100 5,400,742 30,850,249 10,126,405 105,155,496 92,972,047 7,264,214 44,227,387 16,606,860 161,070,508 65,105,073 4,645,080 29,007,430 12,194,217 110,951,800 65,657,355 4,366,862 28,444,924 12,166,215 110,635,356 (6,879,255) 1,033,880 2,405,324 (2,039,809) (5,479,861) 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 4,060,966 5,308,383 7,526,037 10,777,323 13,293,219 6,813,275 47,779,202 464,925 4,990,898 1,616,027 151,537 2,757,716 3,502,532 395,803 343,103 951,535 0 15,174,075 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 4,060,966 5,308,383 7,526,037 10,777,323 13,293,219 6,813,275 47,779,202 464,925 4,990,898 1,616,027 151,537 2,757,716 4,451,139 395,803 343,103 951,535 0 16,122,682 4,060,966 5,308,383 7,526,037 10,777,323 13,293,219 6,813,275 47,779,202 464,925 4,990,898 1,616,027 151,537 2,757,716 3,539,371 395,803 343,103 951,535 0 15,210,913 0 0 0 0 0 0 0 0 0 0 0 0 (36,839) 0 0 0 0 (36,838) 11.8% 2.9% 5.9% 13.7% 33.5% 6.7% 27.1% 4.2% 12.6% 15.7% 15.1% 112.8% 11.4% (11.7%) 19.1% 7.8% (20.1%) (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%) 23,326 555,734 579,060 895,007 339,191 540,798 536,059 (26,878) 316,579 347,117 2,947,872 225,913 3,752,844 (552,283) 278,218 562,506 28,002 316,443 0 0 0 0 0 0 0 0 0 0 0 0 911,768 0 0 0 0 911,768 0.1% 0.8% 0.5% 1.6% 4.3% 3.2% 3.6% (0.5%) 7.9% 2.0% 2.5% 6.0% 1.6% (0.8%) 6.0% 1.9% 0.2% 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 5.7% TOTAL REQUIREMENTS 240,739,605 168,108,773 249,298,562 174,853,683 173,625,472 (5,516,699) (3.3%) 1,228,211 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 44,758,716 67,734,549 58,633,215 63,614,271 18,855,555 42.1% 4,981,056 8.5% CITY OF AUSTIN AUSTIN-BERGSTROM INTERNATIONAL AIRPORT INCOME STATEMENT COMPARISON THIS YEAR VS. LAST YEAR This month - This Year vs. Last Year FY24 (Jun 24) vs FY23 (Jun 23) Fiscal YTD - This Year vs. Last Year FY24 (Oct 23 - Jun 24) vs FY23 (Oct 22 - Jun 23) FY24 Jun-24 FY23 Jun-23 Fav (Unfav) $ Variance Fav (Unfav) % Variance Fav (Unfav) $ Variance Fav (Unfav) % Variance 494,232 28,746,488 616,082 24,948,074 (121,851) 3,798,413 (19.8%) 15.2% 4,585,011 8,334,621 12,919,632 3,694,900 6,483,541 10,178,441 7,629,010 866,089 1,744,243 1,848,746 644,474 480,292 2,119,770 15,332,624 6,963,619 821,911 1,651,344 1,767,388 633,911 315,139 2,000,240 14,153,551 7,097,110 444,357 3,285,226 1,303,487 12,130,180 6,737,382 555,600 3,032,020 1,261,930 11,586,932 451,338 589,820 836,226 1,196,330 1,477,104 1,734,242 6,285,060 51,658 554,544 179,559 16,837 290,286 393,263 43,978 38,123 105,726 1,673,974 450,623 589,820 836,226 1,203,251 1,476,625 561,595 5,118,141 38,955 555,489 144,843 15,996 0 379,949 38,755 37,730 131,326 1,343,043 890,111 1,851,080 2,741,191 665,391 44,179 92,899 81,358 10,563 165,153 119,530 1,179,073 (359,729) 111,243 (253,206) (41,557) (543,248) (715) 0 0 6,921 (479) (1,172,646) (1,166,919) (12,704) 945 (34,715) (842) (290,286) (13,314) (5,223) (392) 25,600 (330,931) 24.1% 28.6% 26.9% 9.6% 5.4% 5.6% 4.6% 1.7% 52.4% 6.0% 8.3% (5.3%) 20.0% (8.4%) (3.3%) (4.7%) (0.2%) 0.0% 0.0% 0.6% (0.0%) (208.8%) (22.8%) (32.6%) 0.2% (24.0%) (5.3%) N/A (3.5%) (13.5%) (1.0%) 19.5% (24.6%) FY24 YTD Jun-24 39,171,470 70,912,133 110,083,603 55,267,815 8,161,007 17,255,602 15,293,925 5,269,416 4,319,489 17,612,975 123,180,228 3,975,913 237,239,743 65,657,355 4,366,862 28,444,924 12,166,215 110,635,356 4,060,966 5,308,383 7,526,037 10,777,323 13,293,219 6,813,275 47,779,202 464,925 4,990,898 1,616,027 151,537 2,757,716 3,539,371 395,803 343,103 951,535 15,210,913 FY23 YTD Jun-23 33,746,902 54,523,318 88,270,221 49,621,404 7,416,806 16,380,945 13,956,479 5,424,085 3,788,721 15,876,214 112,464,654 3,192,493 203,927,367 50,247,696 4,862,400 23,274,092 10,080,728 88,464,917 4,056,128 5,308,383 7,526,037 10,838,834 13,288,719 914,858 41,932,959 350,591 4,999,400 1,303,589 143,960 0 3,419,541 348,796 339,573 1,181,938 12,087,388 5,424,567 16,388,815 21,813,382 5,646,411 744,202 874,657 1,337,446 (154,669) 530,767 1,736,761 10,715,574 783,420 33,312,376 (15,409,660) 495,539 (5,170,832) (2,085,486) (22,170,439) (4,838) 0 0 61,512 (4,500) (5,898,417) (5,846,243) (114,334) 8,503 (312,438) (7,577) (2,757,716) (119,830) (47,007) (3,530) 230,403 (3,123,526) 16.1% 30.1% 24.7% 11.4% 10.0% 5.3% 9.6% (2.9%) 14.0% 10.9% 9.5% 24.5% 16.3% (30.7%) 10.2% (22.2%) (20.7%) (25.1%) (0.1%) 0.0% 0.0% 0.6% (0.0%) (644.7%) (13.9%) (32.6%) 0.2% (24.0%) (5.3%) N/A (3.5%) (13.5%) (1.0%) 19.5% (25.8%) 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 20,089,215 18,048,116 (2,041,099) (11.3%) 173,625,472 142,485,264 (31,140,208) (21.9%) 8,657,273 6,899,959 1,757,314 25.5% 63,614,271 61,442,103 2,172,168 3.5% 0 0 0 (962,887) (1,223,050) (2,185,937) (962,887) (1,223,050) (2,185,937) (100.0%) (100.0%) (100.0%) 0 0 0 (7,943,050) (29,282,984) (37,226,034) (7,943,050) (29,282,984) (37,226,034) (100.0%) (100.0%) (100.0%) TOTAL SURPLUS (DEFICIT) AFTER FEDERAL RELIEF 8,657,273 9,085,896 (428,623) (4.7%) $ 63,614,271 $ 98,668,137 $ (35,053,866) (35.5%) Note: Columns may not add to totals shown because of rounding