20241009-002 Financial Report — original pdf

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1 24 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 11 Month(s) ended August 31, 2024 Amended Budget Seasonalized 11 month(s) CYE Seasonalized 11 month(s) FY 2024 CYE FY 2024 Amended Budget 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 43,289,535 84,404,830 127,694,365 53,744,580 94,770,054 148,514,634 49,033,808 86,810,861 135,844,669 48,327,705 87,889,939 136,217,644 72,567,206 10,040,600 20,911,887 18,857,880 6,920,612 4,906,850 23,475,228 157,680,263 66,257,254 8,885,515 19,467,876 17,246,363 6,291,404 4,537,810 20,247,050 142,933,272 75,170,413 10,977,853 21,309,473 19,546,350 7,250,762 4,908,235 24,355,391 163,518,477 68,703,615 9,790,018 19,909,328 17,993,910 6,591,499 4,596,032 21,103,736 148,688,137 69,381,468 9,765,114 20,643,697 18,667,234 6,420,654 5,038,829 21,540,202 151,457,197 2,491,042 299,291,096 2,283,455 272,911,092 5,000,000 317,033,111 4,583,333 289,116,140 5,198,335 292,873,176 2,914,880 19,962,084 127.7% 7.3% 91,270,445 8,262,976 47,970,424 14,856,156 162,360,001 79,537,492 6,883,721 40,422,363 13,249,195 140,092,772 92,972,047 7,264,214 44,227,387 16,606,860 161,070,508 81,398,313 5,911,343 36,697,021 15,203,758 139,210,435 81,983,271 5,322,387 35,954,647 15,243,914 138,504,219 (2,445,779) 1,561,334 4,467,715 (1,994,718) 1,588,553 (3.1%) 22.7% 11.1% (15.1%) 1.1% 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 6,152,494 527,737 457,471 1,268,713 16,359 21,827,672 4,963,641 6,488,024 9,198,489 13,169,983 16,247,427 10,281,759 60,349,323 568,242 6,099,986 1,975,144 185,212 3,483,430 5,639,786 483,759 419,348 1,162,987 0 20,017,894 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 4,963,641 6,488,024 9,198,489 13,169,983 16,247,427 10,281,759 60,349,323 568,242 6,099,986 1,975,144 185,212 3,483,430 5,440,281 483,759 419,348 1,162,987 0 19,818,389 4,177,732 5,308,524 7,525,689 13,169,983 16,247,427 10,281,759 56,711,114 568,242 6,099,986 1,975,144 185,212 3,483,430 4,325,898 483,759 419,348 1,162,987 0 18,704,005 5,038,170 3,485,109 8,523,279 3,124,214 879,599 1,175,821 1,420,871 129,250 501,019 1,293,152 8,523,925 785,909 1,179,500 1,672,800 0 0 0 3,638,209 0 0 0 0 0 1,313,889 0 0 0 0 1,313,889 11.6% 4.1% 6.7% 4.7% 9.9% 6.0% 8.2% 2.1% 11.0% 6.4% 6.0% 15.8% 18.2% 18.2% 0.0% 0.0% 0.0% 6.0% 0.0% 0.0% 0.0% 0.0% 0.0% 23.3% 0.0% 0.0% 0.0% N/A 6.6% (706,103) 1,079,078 372,975 677,853 (24,904) 734,369 673,324 (170,845) 442,797 436,466 2,769,060 615,002 3,757,037 (584,958) 588,956 742,374 (40,156) 706,216 785,909 1,179,500 1,672,800 0 0 0 3,638,209 0 0 0 0 0 1,114,383 0 0 0 0 1,114,383 (1.4%) 1.2% 0.3% 1.0% (0.3%) 3.7% 3.7% (2.6%) 9.6% 2.1% 1.9% 13.4% 1.3% (0.7%) 10.0% 2.0% (0.3%) 0.5% 15.8% 18.2% 18.2% 0.0% 0.0% 0.0% 6.0% 0.0% 0.0% 0.0% 0.0% 0.0% 20.5% 0.0% 0.0% 0.0% N/A 5.6% TOTAL REQUIREMENTS 250,822,056 220,459,988 249,298,562 219,378,146 213,919,338 6,540,651 3.0% 5,458,808 2.5% EXCESS (DEFICIT) OF TOTAL AVAILABLE FUNDS OVER TOTAL REQUIREMENTS Note: Columns may not add to totals shown because of rounding 48,469,040 52,451,104 67,734,549 69,737,994 78,953,838 26,502,735 50.5% 9,215,845 13.2% CITY OF AUSTIN AUSTIN-BERGSTROM INTERNATIONAL AIRPORT INCOME STATEMENT COMPARISON THIS YEAR VS. LAST YEAR This month - This Year vs. Last Year FY24 (Aug 24) vs FY23 (Aug 23) Fiscal YTD - This Year vs. Last Year FY24 (Oct 23 - Aug 24) vs FY23 (Oct 22 - Aug 23) FY24 Aug-24 FY23 Aug-23 Fav (Unfav) $ Variance Fav (Unfav) % Variance Fav (Unfav) $ Variance Fav (Unfav) % Variance 4,422,054 8,275,437 12,697,491 3,770,974 6,384,972 10,155,946 651,080 1,890,465 2,541,545 638,113 26,797,926 776,101 24,112,134 (137,988) 2,685,791 (17.8%) 11.1% 17.3% 29.6% 25.0% 3.1% 7.0% 3.4% 1.8% (2.1%) 1.9% (2.4%) 2.1% (35.1%) (48.3%) (51.3%) (24.1%) (38.2%) 74.1% 100.0% 100.0% 0.6% (0.0%) (296.3%) 9.4% (32.6%) 0.2% (24.0%) (5.3%) N/A (3.5%) (13.5%) (1.0%) 19.5% (35.4%) 199,121 52,250 55,731 26,334 (11,492) 6,348 (46,058) 282,234 (2,302,878) (179,701) (1,358,732) (312,824) (4,154,135) 333,894 589,800 836,400 6,968 (479) (1,296,678) 469,905 (12,704) 945 (34,715) (842) (435,429) (13,314) (5,223) (392) 25,600 (476,074) 6,652,082 803,355 1,674,717 1,525,640 548,791 348,871 1,908,867 13,462,322 6,452,961 751,105 1,618,987 1,499,306 560,282 342,522 1,954,925 13,180,087 8,860,408 551,862 4,007,026 1,613,203 15,032,498 6,557,530 372,161 2,648,294 1,300,379 10,878,363 116,729 20 (174) 1,196,330 1,477,104 1,734,242 4,524,251 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 1,203,298 1,476,625 437,563 4,994,156 38,955 555,489 144,843 15,996 0 379,949 38,755 37,730 131,326 1,343,043 FY24 YTD Aug-24 FY23 YTD Aug-23 48,327,705 87,889,939 136,217,644 41,312,119 67,542,232 108,854,351 69,381,468 9,765,114 20,643,697 18,667,234 6,420,654 5,038,829 21,540,202 151,457,197 5,198,335 292,873,176 81,983,271 5,322,387 35,954,647 15,243,914 138,504,219 4,177,732 5,308,524 7,525,689 13,169,983 16,247,427 10,281,759 56,711,114 568,242 6,099,986 1,975,144 185,212 3,483,430 4,325,898 483,759 419,348 1,162,987 18,704,005 63,440,224 8,949,704 19,664,810 17,136,972 6,603,492 4,418,413 19,756,968 139,970,582 4,663,636 253,488,569 63,218,024 5,846,534 28,627,180 12,632,107 110,323,845 4,957,374 6,488,024 9,198,489 13,245,478 16,241,969 1,914,017 52,045,350 428,500 6,110,378 1,593,276 175,951 0 4,179,439 426,306 415,034 1,444,591 14,773,474 7,015,586 20,347,707 27,363,293 5,941,245 815,411 978,887 1,530,262 (182,838) 620,416 1,783,234 11,486,615 534,699 39,384,607 (18,765,247) 524,147 (7,327,468) (2,611,806) (28,180,374) 779,642 1,179,500 1,672,800 75,495 (5,458) (8,367,742) (4,665,763) (139,741) 10,392 (381,869) (9,261) (3,483,430) (146,459) (57,453) (4,315) 281,604 (3,930,531) 17.0% 30.1% 25.1% 9.4% 9.1% 5.0% 8.9% (2.8%) 14.0% 9.0% 8.2% 11.5% 15.5% (29.7%) 9.0% (25.6%) (20.7%) (25.5%) 15.7% 18.2% 18.2% 0.6% (0.0%) (437.2%) (9.0%) (32.6%) 0.2% (24.0%) (5.3%) N/A (3.5%) (13.5%) (1.0%) 19.5% (26.6%) 5,422,059 6,896,572 (1,474,513) (21.4%) 78,953,838 76,345,900 2,607,938 3.4% 0 0 0 (6,122) (432,450) (438,572) (6,122) (432,450) (438,572) (100.0%) (100.0%) (100.0%) 0 0 0 (8,921,370) (30,690,578) (39,611,948) (8,921,370) (30,690,578) (39,611,948) (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 21,375,867 17,215,562 (4,160,304) (24.2%) 213,919,338 177,142,669 (36,776,669) (20.8%) TOTAL SURPLUS (DEFICIT) AFTER FEDERAL RELIEF 5,422,059 7,335,144 (1,913,085) (26.1%) $ 78,953,838 $ 115,957,849 $ (37,004,010) (31.9%) Note: Columns may not add to totals shown because of rounding