HomeMy WebLinkAbout118 - 11/15/2022 - ADOPTING THE 2023 BUDGET AND APPROPRIATING THE FORT COLLINS SHARE OF THE 2023 FISCAL YEAR OPERATING (2)Exhibit A
2023 Proposed Airport Budget
2023 Percent
2019 Actual 2020 Actual 2021 Actual 2022 Budget Proposed Justification Change
OPERATING REVENUES
Hangar Rental 131782 224059 247095 242000 255,000 Increase two year past CPI (2020 &2021)5.4%
FBO Rent 92586 92586 92,713 94,172 94.134 No change 00%
Gas and Oil Commissions 190,731 111192 265,576 119.000 190.000 This is driven by fuel price and airport activty levels 59.7%
State &County Aircraft Fuel Tax 156,661 119.829 127.754 140.000 166,500 This is driven by fuel price and airport activty levels 13.9%
Land Lease 650,497 694,391 738.561 749.900 891600 Adjusted for new leases,and CPI lease escalations 18.9%
Terminal Lease and Landing Fees 8.229 5,700 7.160 12.000 5,700 Tied to airline activity -52.5%
Parking 11,240 4,805 330 75,000 0 Tied to airline activity -100.0%
Miscellaneous 20,784 23,494 205.476 23,000 31.100 Tied to airline activity 35.2%
TOTAL OPERATING REVENUES 1,262,510 1,276,056 1,684,665 1,455,072 1,634,034 Total 12.3%
OPERATING EXPENSES
FTE 6 6 6 7.5 9
Personal Services 596,508 641,868 668,421 627.312 1.089.540 Increase attributed to insurance costs &add one FTE 31.7%
Supplies 72,675 68.129 74,945 100,000 115.400 Inflation adjustments 154%
Purchased Services 732,671 513,984 435,275 678.619 1,506.360 $750000 Air Service Grant &Inflation adjustments 122.0%
TOTAL OPERATING EXPENSES 1401,854 1,223981 1,178,641 1,605,931 2,711,300 Total 688%
OPERATING GAIN (LOSS)(139,344)52,076 506,023 (195,233)(1,077,266)
NONOPERATING
REVENUES (EXPENSES)
City Conributions 355,000 0 0 0 0
Passenger Facility Charge 0 0 0 65,000 0 No change N)AInterestInconie118,764 95.157 (51.294)75,000 51,000 Finance adjusted investments -32.0%
Capital Expenditures (989,250)(1,481.000)(3.623.375)(14,313,373)(30.891667)Increased for anticipated federally funded capital projects 115.8%
TOTAL NONOPERA11NG
REVENUES (EXPENSES)(515,4.86)(1,385,843)(3,684,669)(14,173,373)(30,840,667)
NET INCOME (LOSS)BEFORE
CAPITAL CONTRIBUTIONS (654,830)(1,333,768)(3,178,646)(14,368,606)(31,917,933)
Terminal Building Construction,Runway Widening Design,
Capital Contributions 892,500 922,000 4,274,041 16,581,373 31,248,000 potenial grants for SCASDG and ARPA 88,5%
CHANGE IN NET POSITiON 237,670 (411,768)1,095,395 2,212,767 (669,933)
NCRA use for special projects
GA stipulates this amount to be the lesser of 50%of
unassigned balances of Airport Operating reserves and
Reserve Apnroprjatjon 500,000 500,000 1,000,000 1,000,000 2,000,000 Capital Fund or less than 25%of the AirporVs annual budget 1000%