1. Metropolitan airports commission
2018 Operating Budget

2. 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

3. 2018 Operating Budget

4. 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

5. Cost Per Enplaned Passenger

6. 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.