20240911-002 Financial Report — original pdf

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1 21 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 10 Month(s) ended July 31, 2024 FY 2024 Budget Budget Seasonalized 10 month(s) FY 2024 CYE CYE Seasonalized 10 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 39,225,522 76,840,326 116,065,848 53,744,580 94,770,054 148,514,634 44,171,688 78,770,266 122,941,954 43,905,651 79,614,502 123,520,153 67,567,206 8,940,600 20,911,887 16,357,880 6,920,612 4,906,850 21,992,777 147,597,812 55,369,460 6,953,656 17,824,725 13,525,076 5,688,931 4,164,202 17,055,104 120,581,153 75,170,413 10,977,853 21,309,473 19,546,350 7,250,762 4,908,235 24,355,391 163,518,477 61,785,625 8,758,443 18,316,090 16,412,222 5,960,249 4,279,965 19,183,901 134,696,494 62,729,386 8,961,760 18,968,979 17,141,594 5,871,863 4,689,958 19,631,335 137,994,876 2,491,042 289,208,645 2,075,868 238,722,870 5,000,000 317,033,111 4,166,667 261,805,114 4,560,222 266,075,251 85,141,445 8,161,976 46,218,424 14,238,156 153,760,001 65,315,984 5,987,555 34,273,443 11,203,229 116,780,211 92,972,047 7,264,214 44,227,387 16,606,860 161,070,508 72,131,542 5,198,474 32,372,411 13,471,296 123,173,723 73,122,863 4,770,525 31,947,622 13,630,711 123,471,721 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 4,512,303 5,898,204 8,362,263 11,973,653 14,770,323 8,547,517 54,064,263 516,583 5,545,442 1,795,586 168,374 3,048,001 3,891,703 439,781 381,226 1,057,261 0 16,843,956 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 4,512,303 5,898,204 8,362,263 11,973,653 14,770,323 8,547,517 54,064,263 516,583 5,545,442 1,795,586 168,374 3,048,001 4,945,710 439,781 381,226 1,057,261 0 17,897,964 4,061,003 5,308,504 7,525,863 11,973,653 14,770,323 8,547,517 52,186,863 516,583 5,545,442 1,795,586 168,374 3,048,001 3,932,634 439,781 381,226 1,057,261 0 16,884,888 4,680,129 2,774,176 7,454,305 7,359,927 2,008,103 1,144,254 3,616,518 182,932 525,757 2,576,231 17,413,722 2,484,354 27,352,381 (7,806,879) 1,217,030 2,325,821 (2,427,482) (6,691,510) 451,300 589,700 836,400 0 0 0 1,877,400 0 0 0 0 0 (40,932) 0 0 0 0 (40,931) 11.9% 3.6% 6.4% 13.3% 28.9% 6.4% 26.7% 3.2% 12.6% 15.1% 14.4% 119.7% 11.5% (12.0%) 20.3% 6.8% (21.7%) (5.7%) 10.0% 10.0% 10.0% 0.0% 0.0% 0.0% 3.5% 0.0% 0.0% 0.0% 0.0% 0.0% (1.1%) 0.0% 0.0% 0.0% N/A (0.2%) (266,037) 844,236 578,199 943,761 203,317 652,890 729,372 (88,386) 409,994 447,434 3,298,382 393,556 4,270,136 (991,321) 427,949 424,789 (159,415) (297,998) 451,300 589,700 836,400 0 0 0 1,877,400 0 0 0 0 0 1,013,076 0 0 0 0 1,013,076 (0.6%) 1.1% 0.5% 1.5% 2.3% 3.6% 4.4% (1.5%) 9.6% 2.3% 2.4% 9.4% 1.6% (1.4%) 8.2% 1.3% (1.2%) (0.2%) 10.0% 10.0% 10.0% 0.0% 0.0% 0.0% 3.5% 0.0% 0.0% 0.0% 0.0% 0.0% 20.5% 0.0% 0.0% 0.0% N/A 5.7% TOTAL REQUIREMENTS 240,739,605 187,688,430 249,298,562 195,135,949 192,543,471 (4,855,042) (2.6%) 2,592,478 1.3% EXCESS (DEFICIT) OF TOTAL AVAILABLE FUNDS OVER TOTAL REQUIREMENTS Note: Columns may not add to totals shown because of rounding 48,469,040 51,034,440 67,734,549 66,669,165 73,531,779 22,497,339 44.1% 6,862,614 10.3% CITY OF AUSTIN AUSTIN-BERGSTROM INTERNATIONAL AIRPORT INCOME STATEMENT COMPARISON THIS YEAR VS. LAST YEAR This month - This Year vs. Last Year FY24 (Jul 24) vs FY23 (Jul 23) Fiscal YTD - This Year vs. Last Year FY24 (Oct 23 - Jul 24) vs FY23 (Oct 22 - Jul 23) FY24 Jul-24 FY23 Jul-23 Fav (Unfav) $ Variance Fav (Unfav) % Variance Fav (Unfav) $ Variance Fav (Unfav) % Variance 4,734,181 8,702,369 13,436,550 3,794,243 6,633,942 10,428,184 939,939 2,068,427 3,008,366 584,310 29,082,408 695,043 25,449,068 (110,734) 3,633,340 (15.9%) 14.3% 24.8% 31.2% 28.8% 4.7% 2.4% 2.9% 9.9% (2.7%) 29.0% 4.8% 5.1% (16.4%) 34.0% (29.5%) (17.1%) (16.9%) 100.0% 100.0% 100.0% 0.6% (0.0%) (208.8%) 13.9% (32.6%) 0.2% (24.0%) (5.3%) N/A (3.5%) (13.5%) (1.0%) 19.5% (24.6%) 342,613 18,959 48,500 166,481 (16,677) 83,300 92,531 735,707 (1,052,709) 208,309 (797,904) (213,496) (1,855,800) 450,585 589,700 836,400 7,015 (479) (1,172,646) 710,575 (12,704) 945 (34,715) (842) (290,286) (13,314) (5,223) (392) 25,600 (330,931) 7,708,472 800,753 1,713,378 1,847,669 602,447 370,470 2,018,360 15,061,548 7,365,859 781,794 1,664,878 1,681,188 619,125 287,169 1,925,829 14,325,841 7,465,508 403,663 3,502,697 1,464,496 12,836,364 6,412,799 611,972 2,704,794 1,251,000 10,980,565 38 120 (174) 1,196,330 1,477,104 1,734,242 4,407,660 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 1,203,345 1,476,625 561,595 5,118,235 38,955 555,489 144,843 15,996 0 379,949 38,755 37,730 131,326 1,343,043 FY24 YTD Jul-24 43,905,651 79,614,502 123,520,153 62,729,386 8,961,760 18,968,979 17,141,594 5,871,863 4,689,958 19,631,335 137,994,876 4,560,222 266,075,251 73,122,863 4,770,525 31,947,622 13,630,711 123,471,721 4,061,003 5,308,504 7,525,863 11,973,653 14,770,323 8,547,517 52,186,863 516,583 5,545,442 1,795,586 168,374 3,048,001 3,932,634 439,781 381,226 1,057,261 16,884,888 FY23 YTD Jul-23 37,541,145 61,157,260 98,698,405 56,987,263 8,198,599 18,045,823 15,637,667 6,043,210 4,075,891 17,802,043 126,790,495 3,887,536 229,376,435 56,660,495 5,474,373 25,978,886 11,331,729 99,445,482 4,506,751 5,898,204 8,362,263 12,042,180 14,765,344 1,476,454 47,051,194 389,546 5,554,889 1,448,433 159,955 0 3,799,490 387,551 377,303 1,313,264 13,430,431 6,364,506 18,457,242 24,821,748 5,742,124 763,161 923,156 1,503,927 (171,346) 614,068 1,829,292 11,204,381 672,687 36,698,816 (16,462,369) 703,848 (5,968,736) (2,298,982) (24,026,239) 445,748 589,700 836,400 68,527 (4,979) (7,071,064) (5,135,668) (127,037) 9,447 (347,153) (8,419) (3,048,001) (133,144) (52,230) (3,922) 256,003 (3,454,457) 17.0% 30.2% 25.1% 10.1% 9.3% 5.1% 9.6% (2.8%) 15.1% 10.3% 8.8% 17.3% 16.0% (29.1%) 12.9% (23.0%) (20.3%) (24.2%) 9.9% 10.0% 10.0% 0.6% (0.0%) (478.9%) (10.9%) (32.6%) 0.2% (24.0%) (5.3%) N/A (3.5%) (13.5%) (1.0%) 19.5% (25.7%) 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 18,917,999 17,441,843 (1,476,156) (8.5%) 192,543,471 159,927,107 (32,616,364) (20.4%) 10,164,409 8,007,225 2,157,184 26.9% 73,531,779 69,449,328 4,082,451 5.9% 0 0 0 (972,198) (975,144) (1,947,342) (972,198) (975,144) (1,947,342) (100.0%) (100.0%) (100.0%) 0 0 0 (8,915,248) (30,258,128) (39,173,376) (8,915,248) (30,258,128) (39,173,376) (100.0%) (100.0%) (100.0%) TOTAL SURPLUS (DEFICIT) AFTER FEDERAL RELIEF 10,164,409 9,954,567 209,842 2.1% $ 73,531,779 $ 108,622,704 $ (35,090,925) (32.3%) Note: Columns may not add to totals shown because of rounding