1. Metropolitan Airports Commission
2017 Operating Budget

2. 2017 Budget Targets
Coverage Ratio-2.4x on Senior General Airport Revenue Bonds, 1.4x Overall
Outcome: 4.64x Senior, 1.94x Overall
Six Month Operating Fund Reserve
Outcome: Transfer of $3,522,000 on 1/2/2017
Airline Cost/Enplaned Passenger lower 1/3 Large Hub Airports
Outcome: 7th overall at $6.41-up one position
Budget to operate system of airports, meet debt service obligations & fund reserves and capital requirements
Outcome: $70.4 million Net Revenues Available for Designation

3. 2017 Draft Operating Budget

4. Operating Revenues

5. Airline Rates and Charges
Terminal 2-Humphrey Revenue
4 additional gates

6. Concessions Parking Food/Beverage/News/Retail Parking rate increase
New stores from the 2015 rebid

7. Rentals Ground Rentals New ground rates as of July 1, 2016
Full year of revenue under new rates in 2017

8. Operating Expenses

9. Personnel 9 New Positions for 2016 8 New Positions for 2017
6 Information Technology
8 New Positions for 2017
2 Information Technology
1 Concessions
3 Police
1 Fire
1 Environment

10. Personnel Wage Adjustment – 2.75%
Overtime based on historical averages
Vacancy Factor
Benefit Decreases
MERF Pension
Health Care Actuarial Report

11. Professional Services
Update of MAC’s Economic Impact Study
Other
Develop green stormwater infrastructure plan
Implement community engagement plan
Execute sustainability and strategy projects

12. Operating Services Service Agreements Other
Information Technology related
Newly installed networking equipment
Improvements to Learning Management System
Airline interface common use equipment
Data storage
Remote noise monitoring pole replacement
Storm water monitoring – new requirements and budgeted for an average winter.
Other
Airport Foundation – Arts Program
Security services – Employee entrance and additional gates

13. Maintenance Cleaning Budget for an average winter Contract increase
Terminal 2 Expansion
New restrooms
Budget for an average winter

14. Upcoming Review of All Revenue & Expenses
Anticipated changes to next version of budget:
Debt Service
Concessions – Food, Beverage & Passenger Services

15. Upcoming October 18 - Airline Meeting November 7 - Budget Update
December 5 - Final Draft of Budget
December 19 - Commission Approval