Metropolitan airports commission

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Presentation transcript:

Metropolitan airports commission 2018 Operating Budget

2018 Budget Targets Coverage Ratio of 2.4x on Senior General Airport Revenue Bonds, 1.4x Overall Outcome: 4.19x Senior GARB, 1.92x Overall Six Month Operating Fund Reserve Outcome: Transfer of $4,112,543 on 1/2/2018 Airline Cost/Enplaned Passenger in Lower 1/3 Large Hub Airports Outcome: Tied for 5th overall at $6.57 Budget to Operate System of Airports, Meet Debt Service Obligations & Fund Reserves and Capital Requirements Outcome: $66.6 Million Net Revenues Available for Designation

2018 Operating Budget

Changes from November Meeting Concessions increased by $118,000 Increase in Ground Transportation and decrease in Employee Parking based upon the latest trends in the budget Personnel decreased by $30,000 Small adjustment in employee benefits 6 month reserve decreased $15,000 Decrease in operating expenses Overall increase of net revenues of $163,000

Cost Per Enplaned Passenger

Committee Action Requested RECOMMEND TO THE FULL COMMISSION: 1. APPROVAL OF THE 2018 OPERATING & NON-OPERATING BUDGET AS PRESENTED ON THE 2018 OPERATING AND NON-OPERATING BUDGET SUMMARY; 2. ADOPTION OF THE RATES AND CHARGES PRESENTED ON THE AIRLINE RATES AND CHARGES AND OTHER INFORMATION SCHEDULE; 3. APPROVAL OF THE CAPITAL EQUIPMENT (ASSETS) AS PRESENTED ON THE CAPITAL ASSET SCHEDULE.