20250709-002 May 2025 AAC Financial Report — original pdf

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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, 2025 FY 2025 Budget Budget Seasonalized 8 month(s) FY 2025 CYE CYE Seasonalized 8 month(s) Y-T-D to Budget Y-T-D to CYE Year to Date w/ Accruals Variance Fav (Unfav) % Variance Fav (Unfav) Variance Fav (Unfav) % Variance Fav (Unfav) 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 59,625,915 111,271,727 170,897,642 38,819,373 73,541,077 112,360,450 59,625,915 111,271,727 170,897,642 38,819,373 73,541,077 112,360,450 40,514,377 74,703,975 115,218,352 1,695,004 1,162,898 2,857,902 81,247,697 11,615,065 21,948,757 20,109,576 7,508,056 5,148,000 27,509,304 175,086,455 51,998,528 7,494,115 15,364,130 13,352,758 4,985,349 3,552,120 18,310,784 115,057,784 77,751,861 11,043,783 21,477,962 20,213,799 7,094,410 5,983,168 25,448,019 169,013,002 48,595,605 7,299,931 15,086,381 13,393,598 4,641,989 4,242,572 17,111,078 110,371,152 48,385,872 7,527,526 14,728,264 13,447,383 4,590,363 4,546,012 17,243,129 110,468,548 (3,612,656) 33,411 (635,866) 94,625 (394,986) 993,892 (1,067,656) (4,589,236) Interest Income TOTAL REVENUE 5,000,000 350,984,097 3,157,400 230,575,634 4,600,000 344,510,644 2,987,288 225,718,890 3,153,085 228,839,985 (4,315) (1,735,649) OPERATING REQUIREMENTS Fac Mgmt, Ops and Airport Security Airport Planning and Development Support Services Business Services TOTAL OPERATING EXPENSES Debt Service 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 Trf to Subordinate Obligation TOTAL OTHER REQUIREMENTS 98,701,583 8,569,052 54,005,824 16,962,223 178,238,682 61,096,676 5,226,008 32,368,375 10,612,027 109,303,086 103,992,500 7,473,100 48,351,482 16,921,600 176,738,682 63,989,487 4,496,765 29,137,621 10,586,773 108,210,646 63,799,170 4,451,886 29,679,641 10,399,856 108,330,553 (2,702,494) 774,122 2,688,734 212,171 972,533 5,412,539 7,077,844 10,034,715 14,285,349 17,724,156 26,519,009 81,053,612 663,739 7,153,897 2,831,183 238,285 5,411,877 3,060,677 633,716 584,624 2,979,025 0 23,557,023 3,608,527 4,718,563 6,689,810 9,526,933 11,816,156 17,389,131 53,749,119 442,493 4,769,265 1,887,455 158,857 3,538,535 2,040,451 422,477 389,749 1,986,017 0 15,635,299 5,412,539 7,077,844 10,034,715 14,285,349 17,724,156 26,519,009 81,053,612 663,739 7,153,897 2,831,183 238,285 5,411,877 3,060,677 633,716 584,624 2,979,025 1,500,000 25,057,023 3,608,527 4,718,563 6,689,810 9,526,933 11,816,156 17,389,131 53,749,119 442,493 4,769,265 1,887,455 158,857 3,538,535 2,040,451 422,477 389,749 1,986,017 0 15,635,299 3,020,186 3,818,552 3,444,283 7,651,497 9,889,373 14,369,616 42,193,507 442,493 4,769,265 1,887,455 158,857 3,538,535 2,654,957 422,477 389,749 1,986,017 0 16,249,804 588,341 900,011 3,245,527 1,875,436 1,926,784 3,019,515 11,555,613 0 0 0 0 0 (614,505) 0 0 0 0 (614,505) 4.4% 1.6% 2.5% (6.9%) 0.4% (4.1%) 0.7% (7.9%) 28.0% (5.8%) (4.0%) (0.1%) (0.8%) (4.4%) 14.8% 8.3% 2.0% 0.9% 16.3% 19.1% 48.5% 19.7% 16.3% 17.4% 21.5% 0.0% 0.0% 0.0% 0.0% 0.0% (30.1%) 0.0% 0.0% 0.0% N/A (3.9%) 1,695,004 1,162,898 2,857,902 (209,733) 227,595 (358,117) 53,785 (51,626) 303,440 132,050 97,396 165,797 3,121,095 190,316 44,879 (542,020) 186,917 (119,907) 588,341 900,011 3,245,527 1,875,436 1,926,784 3,019,515 11,555,613 0 0 0 0 0 (614,505) 0 0 0 0 (614,505) 4.4% 1.6% 2.5% (0.4%) 3.1% (2.4%) 0.4% (1.1%) 7.2% 0.8% 0.1% 5.6% 1.4% 0.3% 1.0% (1.9%) 1.8% (0.1%) 16.3% 19.1% 48.5% 19.7% 16.3% 17.4% 21.5% 0.0% 0.0% 0.0% 0.0% 0.0% (30.1%) 0.0% 0.0% 0.0% N/A (3.9%) TOTAL REQUIREMENTS 282,849,317 178,687,504 282,849,317 177,595,064 166,773,864 11,913,641 6.7% 10,821,201 6.1% EXCESS (DEFICIT) OF TOTAL AVAILABLE FUNDS OVER TOTAL REQUIREMENTS 68,134,780 51,888,130 61,661,327 48,123,826 62,066,121 10,177,992 19.6% 13,942,295 29.0% Note: Columns may not add to totals shown because of rounding CITY OF AUSTIN AUSTIN-BERGSTROM INTERNATIONAL AIRPORT INCOME STATEMENT COMPARISON THIS YEAR VS. LAST YEAR This month - This Year vs. Last Year Fiscal YTD - This Year vs. Last Year FY25 (May 25) vs FY24 (May 24) FY25 (Oct 24 - May 25) vs FY24 (Oct 23 - May 24) FY25 May-25 FY24 May-24 Fav (Unfav) $ Variance Fav (Unfav) % Variance FY25 YTD May-25 FY24 YTD May-24 Fav (Unfav) $ Variance Fav (Unfav) % Variance 5,548,906 9,787,249 15,336,154 4,647,097 8,144,012 12,791,109 901,809 1,643,236 2,545,045 7,162,135 1,002,805 1,832,678 1,910,279 632,064 548,539 2,145,690 15,234,189 6,855,696 1,022,328 1,900,343 1,969,085 697,371 418,909 1,991,999 14,855,731 306,439 (19,524) (67,665) (58,805) (65,307) 129,629 153,690 378,458 19.4% 20.2% 19.9% 4.5% (1.9%) (3.6%) (3.0%) (9.4%) 30.9% 7.7% 2.5% 40,514,377 74,703,975 115,218,352 34,586,458 62,577,512 97,163,971 5,927,919 12,126,463 18,054,382 48,385,872 7,527,526 14,728,264 13,447,383 4,590,363 4,546,012 17,243,129 110,468,548 47,638,804 7,294,918 15,511,359 13,445,179 4,624,942 3,839,197 15,493,205 107,847,604 747,068 232,607 (783,095) 2,205 (34,579) 706,815 1,749,924 2,620,944 458,634 31,028,978 519,331 28,166,172 (60,697) 2,862,806 (11.7%) 10.2% 3,153,085 228,839,985 3,481,681 208,493,255 (328,596) 20,346,730 7,651,830 597,916 3,661,113 1,255,558 13,166,417 7,181,051 454,801 2,933,601 1,200,163 11,769,616 (470,778) (143,115) (727,512) (55,396) (1,396,801) 313,662 279,601 436,567 503,722 1,027,216 1,577,555 4,138,323 55,312 596,158 235,932 19,857 416,298 331,870 52,810 48,719 248,252 2,005,207 451,338 589,820 836,226 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 1,673,974 137,675 310,220 399,659 692,608 449,888 (429,642) 1,560,408 (3,653) (41,614) (56,373) (3,020) (126,012) 61,394 (8,832) (10,596) (142,526) (331,232) (6.6%) (31.5%) (24.8%) (4.6%) (11.9%) 30.5% 52.6% 47.8% 57.9% 30.5% (37.4%) 27.4% (7.1%) (7.5%) (31.4%) (17.9%) (43.4%) 15.6% (20.1%) (27.8%) (134.8%) (19.8%) 63,799,170 4,451,886 29,679,641 10,399,856 108,330,553 3,020,186 3,818,552 3,444,283 7,651,497 9,889,373 14,369,616 42,193,507 442,493 4,769,265 1,887,455 158,857 3,538,535 2,654,957 422,477 389,749 1,986,017 16,249,804 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 (5,238,925) (529,381) (4,519,942) 462,871 (9,825,377) 589,442 900,011 3,245,527 1,929,495 1,926,742 (9,290,582) (699,364) (29,226) (332,911) (450,987) (24,157) (1,071,105) 491,151 (70,653) (84,769) (1,140,208) (2,712,865) 17.1% 19.4% 18.6% 1.6% 3.2% (5.0%) 0.0% (0.7%) 18.4% 11.3% 2.4% (9.4%) 9.8% (8.9%) (13.5%) (18.0%) 4.3% (10.0%) 16.3% 19.1% 48.5% 20.1% 16.3% (182.9%) (1.7%) (7.1%) (7.5%) (31.4%) (17.9%) (43.4%) 15.6% (20.1%) (27.8%) (134.8%) (20.0%) 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 Total Requirements 19,309,947 19,142,322 (167,626) (0.9%) 166,773,864 153,536,257 (13,237,606) (8.6%) SURPLUS (DEFICIT) OF TOTAL AVAILABLE FUNDS OVER TOTAL REQUIREMENTS 11,719,031 9,023,850 2,695,181 29.9% 62,066,121 54,956,998 7,109,123 12.9% Note: Columns may not add to totals shown because of rounding