20241113-002 Financial Report — original pdf
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1 26 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 12 Month(s) ended September 30, 2024 FY 2024 Amended Budget FY 2024 CYE 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 5,000,000 317,033,111 5,001,851 319,102,998 2,510,809 19,811,902 100.8% 6.6% 47,227,041 91,892,750 139,119,791 53,744,580 94,770,054 148,514,634 52,548,882 95,895,805 148,444,687 72,567,206 10,040,600 20,911,887 18,857,880 6,920,612 4,906,850 23,475,228 157,680,263 2,491,042 299,291,096 91,270,445 8,262,976 47,970,424 14,856,156 162,360,001 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 6,152,494 527,737 457,471 1,268,713 16,359 21,827,672 75,170,413 10,977,853 21,309,473 19,546,350 7,250,762 4,908,235 24,355,391 163,518,477 76,160,508 10,676,730 21,620,263 19,975,981 6,950,978 5,545,157 24,726,843 165,656,460 92,972,047 7,264,214 44,227,387 16,606,860 161,070,508 94,065,624 6,339,256 41,704,371 17,088,050 159,197,302 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 4,628,891 5,311,288 7,525,859 14,366,300 17,724,900 12,016,000 61,573,238 619,900 6,654,530 2,154,703 202,049 3,773,716 5,619,992 527,737 457,471 1,268,713 0 21,278,811 5,321,841 4,003,055 9,324,896 3,593,302 636,130 708,376 1,118,101 30,366 638,307 1,251,615 7,976,197 (2,795,179) 1,923,720 6,266,053 (2,231,894) 3,162,699 786,087 1,766,556 2,508,856 13 (369) 0 5,061,144 0 0 0 0 0 532,502 0 0 0 0 532,502 11.3% 4.4% 6.7% 5.0% 6.3% 3.4% 5.9% 0.4% 13.0% 5.3% 5.1% (3.1%) 23.3% 13.1% (15.0%) 1.9% 14.5% 25.0% 25.0% 0.0% (0.0%) 0.0% 7.6% 0.0% 0.0% 0.0% 0.0% 0.0% 8.7% 0.0% 0.0% 0.0% N/A 2.4% 3.5% (1,195,698) 1,125,751 (69,947) 990,095 (301,123) 310,790 429,631 (299,784) 636,922 371,452 2,137,983 1,851 2,069,887 (1,093,577) 924,958 2,523,016 (481,190) 1,873,206 786,087 1,766,556 2,508,856 13 (369) 0 5,061,144 0 0 0 0 0 314,860 0 0 0 0 314,860 (2.2%) 1.2% (0.0%) 1.3% (2.7%) 1.5% 2.2% (4.1%) 13.0% 1.5% 1.3% 0.0% 0.7% (1.2%) 12.7% 5.7% (2.9%) 1.2% 14.5% 25.0% 25.0% 0.0% (0.0%) 0.0% 7.6% 0.0% 0.0% 0.0% 0.0% 0.0% 5.3% 0.0% 0.0% 0.0% N/A 1.5% 2.9% TOTAL REQUIREMENTS 250,822,056 249,298,562 242,049,351 8,756,346 7,249,211 EXCESS (DEFICIT) OF TOTAL AVAILABLE FUNDS OVER TOTAL REQUIREMENTS Note: Columns may not add to totals shown because of rounding 48,469,040 67,734,549 77,053,647 28,568,248 58.9% 9,319,098 13.8% CITY OF AUSTIN AUSTIN-BERGSTROM INTERNATIONAL AIRPORT INCOME STATEMENT COMPARISON THIS YEAR VS. LAST YEAR This month - This Year vs. Last Year FY24 (Sep 24) vs FY23 (Sep 23) Fiscal YTD - This Year vs. Last Year FY24 (Oct 23 - Sep 24) vs FY23 (Oct 22 - Sep 23) FY24 Sep-24 FY23 Sep-23 Fav (Unfav) $ Variance Fav (Unfav) % Variance Fav (Unfav) $ Variance Fav (Unfav) % Variance 4,221,177 8,005,866 12,227,043 2,493,916 7,744,730 10,238,645 1,727,261 261,136 1,988,397 (196,484) 26,229,822 179,146 24,049,329 (375,630) 2,180,493 (209.7%) 9.1% 69.3% 3.4% 19.4% 10.8% 1.6% (17.6%) (15.3%) 9.3% 44.0% 4.6% 4.2% 27.0% 41.3% 28.3% 7.3% 26.8% (0.0%) 99.5% 100.0% 0.5% (0.1%) (208.8%) 5.0% (32.6%) 0.2% (24.0%) (5.3%) N/A (240.6%) (13.5%) (1.0%) 19.5% (91.7%) 658,131 14,219 (208,794) (235,967) 45,070 154,729 140,337 567,725 4,457,511 715,120 2,268,282 144,955 7,585,868 (133) 587,212 835,900 6,110 (742) (1,172,658) 255,688 (12,704) 945 (34,715) (842) (290,286) (914,145) (5,223) (392) 25,600 (1,231,762) 6,779,040 911,616 976,566 1,308,747 530,324 506,328 3,186,642 14,199,263 6,120,908 897,397 1,185,360 1,544,714 485,254 351,599 3,046,305 13,631,537 12,082,353 1,016,869 5,749,724 1,844,136 20,693,083 16,539,865 1,731,989 8,018,005 1,989,092 28,278,950 451,159 2,764 170 1,196,317 1,477,473 1,734,241 4,862,125 51,658 554,544 179,559 16,837 290,286 1,294,094 43,978 38,123 105,726 2,574,805 451,026 589,976 836,070 1,202,426 1,476,731 561,583 5,117,813 38,955 555,489 144,843 15,996 0 379,949 38,755 37,730 131,326 1,343,043 FY24 YTD Sep-24 FY23 YTD Sep-23 52,548,882 95,895,805 148,444,687 43,806,035 75,286,961 119,092,996 76,160,508 10,676,730 21,620,263 19,975,981 6,950,978 5,545,157 24,726,843 165,656,460 5,001,851 319,102,998 94,065,624 6,339,256 41,704,371 17,088,050 159,197,302 4,628,891 5,311,288 7,525,859 14,366,300 17,724,900 12,016,000 61,573,238 619,900 6,654,530 2,154,703 202,049 3,773,716 5,619,992 527,737 457,471 1,268,713 21,278,811 69,561,132 9,847,100 20,850,170 18,681,687 7,088,747 4,770,012 22,803,273 153,602,119 4,842,783 277,537,898 79,757,889 7,578,522 36,645,185 14,621,199 138,602,795 5,408,400 7,078,000 10,034,559 14,447,904 17,718,700 2,475,600 57,163,163 467,455 6,665,867 1,738,119 191,946 0 4,559,388 465,061 452,764 1,575,917 16,116,517 8,742,847 20,608,843 29,351,690 6,599,376 829,630 770,093 1,294,295 (137,768) 775,145 1,923,571 12,054,340 159,069 41,565,100 (14,307,736) 1,239,266 (5,059,186) (2,466,851) (20,594,506) 779,509 1,766,712 2,508,700 81,604 (6,200) (9,540,400) (4,410,075) (152,445) 11,337 (416,584) (10,103) (3,773,716) (1,060,604) (62,676) (4,707) 307,204 (5,162,294) 20.0% 27.4% 24.6% 9.5% 8.4% 3.7% 6.9% (1.9%) 16.3% 8.4% 7.8% 3.3% 15.0% (17.9%) 16.4% (13.8%) (16.9%) (14.9%) 14.4% 25.0% 25.0% 0.6% (0.0%) (385.4%) (7.7%) (32.6%) 0.2% (24.0%) (5.3%) N/A (23.3%) (13.5%) (1.0%) 19.5% (32.0%) 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 28,130,013 34,739,806 6,609,793 19.0% 242,049,351 211,882,475 (30,166,875) (14.2%) (1,900,191) (10,690,477) 8,790,286 82.2% 77,053,647 65,655,423 11,398,224 17.4% 0 0 0 0 0 0 0 0 0 N/A N/A N/A 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%) TOTAL SURPLUS (DEFICIT) AFTER FEDERAL RELIEF (1,900,191) (10,690,477) 8,790,286 82.2% $ 77,053,647 $ 105,267,371 $ (28,213,724) (26.8%) Note: Columns may not add to totals shown because of rounding