Charlotte County Airport Authority · 6. FY 2018/2019 Budget Presentation 7. Citizen’s Input...

C

CEO

James W. Parish, P.E.

Airport Authority Attorney

Darol Carr

Charlotte County Airport Authority BUDGET WORKSHOP AGENDA

August 2, 2018 – 9:00 A.M. Punta Gorda Airport

1. Call to Order - Reminder to Turn Off Your Cell Phones 2. Invocation - For those who wish to join, please rise for the invocation. 3. Pledge of Allegiance 4. Roll Call 5. Citizen’s Input: Anyone wishing to address the Board during this portion of the

Meeting must sign in, state their name for the record, and address their comments to Agenda items only. Each citizen will be allowed no more than two minutes to express their opinion.

6. FY 2018/2019 Budget Presentation

7. Citizen’s Input Anyone wishing to address the Board during this portion of the Meeting

must sign in, state their name for the record and address their comments to Agenda items only. Each citizen will be allowed no more than two minutes to express their opinion.

8. Adjournment

Authority Commissioners James Herston, Chair Robert D. Hancik, A.A.E., Vice-Chair Kathleen Coppola, Secretary/Treasurer Paul Andrews, Asst. Secretary/Treasurer Pam Seay, Commissioner

Charlotte County Airport Authority 7/26/2018

1

157,387 156,645

166,107

155,500

163,992

167,942

176,734

165,991 165,991

140,000

150,000

160,000

170,000

180,000

FY10/11 FY11/12 FY12/13 FY13/14 FY14/15 FY15/16 FY16/17 FY17/18 FY18/19Projected

Charlotte County Airport AuthorityAVGAS GALLONS PER YEAR

Self Serve84,297 51%

Truck81,694 49%

Charlotte County Airport AuthorityAVGAS DISTRIBUTION‐GALLONS 2018

Total‐ 165,991 Gals


2

404,977

444,142

425,796

406,991

485,336

514,015

514,015Projected

0

100,000

200,000

300,000

400,000

500,000

600,000

FY12/13 FY13/14 FY14/15 FY15/16 FY16/17 FY17/18 Projected 18/19

Charlotte County Airport AuthorityJet‐A GALLONS PER Year (GA Fuel Only‐No Airline)

Airline 10,129,927

95%

Truck514,015 5%

Charlotte County Airport Authority Jet A Fuel Pumped Distribution 2018

Total Gallons‐10,643,942


3

Avgas165,991 1%

Airline 10,129,927

94%

Jet514,015 5%

Charlotte County Airport Authority Total Fuel Pumped Distribution FY18

Total Gallons‐10,809,933

675,977 629,010 380,533 437,430 502,335 504,183 404,977 444,142 425,796 406,991 485,336 514,015 0 0

955,211

1,560,639

2,203,900 2,112,012

2,687,823

5,082,964

6,654,568

7,375,498

8,361,143

10,129,927

0

2,000,000

4,000,000

6,000,000

8,000,000

10,000,000

12,000,000

FY06/07 FY07/08 FY08/09 FY09/10 FY10/11 FY11/12 FY12/13 FY13/14 FY14/15 FY15/16 FY16/17 FY 17/18

Charlotte County Airport AuthorityJet A GALLONS PUMPED PER YEAR

Total Airline

Total CCAA


4

$1,080,060

$554,780

$689,050

$145,380

$‐

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

$1,600,000

$1,800,000

$2,000,000

Jet A Avgas

Charlotte County Airport AuthorityFBO Fuel Sales, Gross Profit 2019‐Projected

Gross Profit

Cost ofGoods Sold

48,623

82,028

134,046 124,941139,407

289,552

398,588

519,600

622,216

736,245

816,936

0

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

900,000

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018Projected

2019Projected

Charlotte County Airport Authority Airline Enplanements by Fiscal Year


5

0

20,000

40,000

60,000

80,000

100,000

120,000

November December January February March April May June July August September

Charlotte County Airport AuthorityTotal Enplanements by Month

FY 2012 thru 2019

2018

2017

2016

2015

2014

2013

2012

2019 Projected

$329,388 $300,327$377,915

$830,415

$1,277,366

$1,818,356

$2,365,092

$2,938,161

$3,223,910

$‐

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

$3,500,000

2011 2012 2013 2014 2015 2016 2017 2018 2019 Projected

Charlotte County Airport Authority Parking Lot Revenue FY 2011 to 2019


6

$528,036

$788,265$894,225 $931,019

$1,937,693

$2,612,572

$3,247,858

$3,561,085

$4,496,317$4,919,700

$‐

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

$6,000,000

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Projected

Charlotte County Airport AuthorityCar Rental Concession Income per Year

$0.00

$2.00

$4.00

$6.00

$8.00

$10.00

$12.00

$14.00

$16.00

OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP

2018 Revenue per Enplaned Passenger Distribution

Food & Beverage Concession Other Car Rental Auto Parking


7

$10.92

$11.89 $11.50 $11.41

‐0.23

2.05

3.91

6.53 6.16 6.19

$5.38

$6.53

$5.76

$6.64

$‐

$2.00

$4.00

$6.00

$8.00

$10.00

$12.00

$14.00

2016 2017 2018 2019

Charlotte County Airport AuthorityAirline Related Revenues Vs Cost (Direct and Indirect

Expenses) per Enplaned Passenger

Operating Revenue PFC's Entitlements Cost

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

100.00%

October November December January February March April May June July August September

Charlotte County Airport AuthorityT‐Hangar Occupancy Rate: %, 5 yr

2018

2017

2016

2015

2014


8

Avgas Sales (NET)1%

Jet Fuel Sales (NET)6%

Airline Related Revenues

74%

Industrial and Commecial Park

Leases9%

Hangar Rentals and Tiedowns

6%

Concessions, Vending, and Fees

0.1%

Other FBO/Fuel Revenues

3%

Other Misc. Revenues

1%

Charlotte County Airport AuthorityOperating Revenues (NET) FY 2018

Total Revenues=$13,995,971Total NET Revenues=$12,335,844

Avgas Sales1%

Jet Fuel Sales (NET)5%

Airline Related Revenues

76%

Industrial and Commecial Park

Leases9%

Hangar Rentals and Tiedowns

6%

Concessions, Vending, and Fees0.13%

Other FBO/Fuel Revenues

3%

Charlotte County Airport AuthorityProjected (NET) Operating Revenues FY 2019

Total Revenues=$14,787,400Total NET (W/O COGS) Revenues=$13,152,560


9

Personnel Expenses51%

Airline Related Expenses

23%

Computer Maintenance and

Expense2%

Utilities5%Travel

0%

Insurance4%

Repairs and Maintenance

6%

Supplies3%

Legal and Professional3%

Marketing and Promotional

1%

Other Expenses2%

Charlotte County Airport AuthorityOperating Expenses FY 2018

Total Expenses=$10,049,750Total NET Expenses (W/O COGS)=$8,381,238

Personnel Expenses54%

Airline Related Expense14%

Computer Maintenance and

Expense2%

Utilities4%

Travel and Auto Allowance

1%

Insurance3%

Repairs and Maintenance

6%

Supplies3%

Legal and Professional3%

Marketing and Promotional

2%

Other Expenses5%

Charlotte County Airport AuthorityProjected Operating Expenses (NET) FY 2019

Total Expense=$10,818,620Total Net Expense=$9,175,830


10

$‐

$2,000,000

$4,000,000

$6,000,000

$8,000,000

$10,000,000

$12,000,000

$14,000,000

$16,000,000

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Punta Gorda AirportTotal Operating Revenues 1998‐2019

$‐

$2,000,000

$4,000,000

$6,000,000

$8,000,000

$10,000,000

$12,000,000

$14,000,000

$16,000,000

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

Punta Gorda AirportOperating Revenue vs. Operating Expenses

1998‐2019

OperatingRevenue

OperatingExpense


11

$64,743 $70,514

$475,489

$822,865

$1,805,502

$2,640,179

$3,110,507

$276,544 $413,888

$1,058,609

$2,143,604

$2,935,384 $2,793,719

$3,946,221

$‐

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

$3,500,000

$4,000,000

$4,500,000

2012 2013 2014 2015 2016 2017 2018

Operating GainBudget vs Actual

Budget

Actual

ADM TOTAL39%

FACILITIES TOTAL6%

GROUNDS TOTAL6%

CUSTODIAL TOTAL7%

FBO TOTAL19%

AIRSIDE OPS TOTAL11%

LANDSIDE OPS TOTAL12%

2019 Projected Salaries by Department


12

$‐

$2,000,000.00

$4,000,000.00

$6,000,000.00

$8,000,000.00

$10,000,000.00

$12,000,000.00

$14,000,000.00

$16,000,000.00

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Charlotte County Airport AuthoritySalaries vs Revenues and Expenses

Salaries Revenues Expenses

‐

200,000.00

400,000.00

600,000.00

800,000.00

1,000,000.00

1,200,000.00

1,400,000.00

1,600,000.00

NON‐CASTROPHIC EXP RESVFUND

CONTAMINATED/POLLUTANTRESERVE

INSURANCE ESCROW FUND RESERVE ‐ BUILDING FUND PARKING LOT RESERVE

Charlotte County Airport AuthorityReserve Balances

2014

2015

2016

2017

EST 2018

$26,362 $107,500 $1,359,816$223,892 $314,948

Current Reserve Balances


13

‐

2,000,000.00

4,000,000.00

6,000,000.00

8,000,000.00

10,000,000.00

12,000,000.00

14,000,000.00

2014 2015 2016 2017 EST 2018

Charlotte County Airport AuthorityCash Comparison

RESERVE TOTALS UNRESTRICTED CASH OPERATING CASH

Charlotte County Airport AuthorityBUDGET WORKSHOP AUG 2, 2018

FISCAL YEAR 2019

BUDGET- FLIGHTS 5510Proposed FY18-19 Budget

2017-18 YEAR END FORECAST

2017-18 BUDGET

OPERATING REVENUES

Fuel and Oil Sales 2,881,800 2,883,489 2,620,540

Industrial and Commercial Park Leases 1,101,120 1,095,531 1,110,192

T Hangar Rentals and Tiedowns 773,560 772,241 776,275

Concessions, Vending and Fees 17,080 19,392 16,970

Airline Related Revenues - - -

Advertising 34,080 31,471 24,996

Auto Parking 3,223,910 2,938,161 2,727,425

Car Rentals & Security Fees 5,748,720 5,272,229 4,794,768

Concessions 240 268 252

Food & Beverage 531,900 487,898 442,999

Ground Handling Fuel 186,500 179,498 175,490

Ground Transportation 15,830 14,097 11,900

Terminal Use Fees 169,080 168,601 166,344

LEO Award 61,670 36,855 80,300

TSA Reimbursement 37,680 37,587 37,587

Sida Badging 4,800 3,480 4,800

Total Airline Related Revenues 10,014,410 9,170,144 8,466,860

Other Revenues - 55,174 -

TOTAL OPERATING REVENUES 14,787,400 13,995,971 12,990,837 OPERATING EXPENSESSalaries & Wages 3,177,310 3,001,650 3,044,725

Payroll Taxes & Retirement 664,010 563,174 573,022

Personnel Expenses 871,490 758,059 764,761

Cost of Fuel & Oil Sales 1,642,790 1,668,512 1,436,392

Advertising 10,800 10,779 6,000

Bank Charges 39,000 48,284 46,831

Dues & Subscriptions 43,080 41,382 39,003

Insurance 300,000 299,652 293,000

Legal & Professional 291,410 253,554 256,897

Licenses & Permits 4,950 9,113 5,073

Marketing & Promotional 200,040 105,911 200,000

Mowing 24,660 18,184 24,000

Postage 6,040 5,980 5,864

Repairs & Maintenance 523,860 469,675 491,726

Computer Maintenance & Expense 186,130 143,100 155,981

Supplies 295,390 224,932 270,639

Communications 39,550 38,810 34,049

Travel & Auto Allowance 70,230 48,069 74,739

Utilities 398,960 394,341 381,797

Security Expense 65,520 46,131 64,437

Airline Related Expenses 1,963,400 1,900,455 1,711,393

TOTAL OPERATING EXPENSES 10,818,620 10,049,750 9,880,329 OPERATING GAIN (LOSS) 3,968,780 3,946,221 3,110,507

Charlotte County Airport AuthorityBUDGET WORKSHOP AUG 2, 2018

FISCAL YEAR 2019

NON-OPERATING INCOME/EXPENSESPFC'S 3,200,580 1,507,834 1,443,449

Miscellaneous Revenues / (Expenses) - (159,276) -

Gain/Loss of Asset Disposal - 28,963 -

OPEB Post Retirement Benefit Accrual (5,280) (5,962) (5,261)

Insurance Premium Refund - 22,203 -

Interest on Investments 3,070 20,494 2,998

Cost to Finance (91,560) (105,565) (107,023)

Bad Debts - (1,262) -

Bank Fees (2,870) (3,147) (2,830)

NET NON-OPERATING INCOME/EXPENSES 3,103,940 1,304,283 1,331,334 GAIN OR (LOSS) BEFORECAPITAL CONTRIBUTIONS & DEPRECIATION 7,072,720 5,250,504 4,441,841 CAPITAL CONTRIBUTIONSCapital Grants & Contributions 16,611,450 4,088,598 6,630,804

TOTAL CAPITAL CONTRIBUTIONS 16,611,450 4,088,598 6,630,804 INCREASE OR (DECREASE) INNET POSITION w/CONTRIBUTIONS 23,684,170 9,339,102 11,072,645 DEPRECIATIONDepreciation (3,712,040) (3,675,473) (3,712,000)

TOTAL DEPRECIATION (3,712,040) (3,675,473) (3,712,000)INCREASE OR (DECREASE) INNET POSITION 19,972,130 5,663,629 7,360,645 CAPITAL EXPENDITURESFIXED ASSETS (944,700) (248,334) (474,900)

CIPS (25,267,580) (5,130,981) (9,601,070)

TOTAL CAPITAL EXPENDITURES (26,212,280) (5,379,314) (10,075,970)Debt RepaymentSIB LOAN (578,760) (548,104) (563,177)

Debt Repayment (578,760) (548,104) (563,177)

NET ASSETS - Beginning of the YearFund Balance Transfer In 7,915,815 1,333,101 4,284,438

Fund Balance Transfer Out - - -

Reserves (1,096,905) (1,069,311) (1,005,936)

NET ASSETS - Year to Date - 0 (0)

TOTAL REVENUES 42,518,315 20,997,164 25,352,526 TOTAL EXPENDITURES (42,518,315) (20,997,164) (25,352,526)

- 0 (0)

Charlotte County Airport Authority · 6. FY 2018/2019 Budget Presentation 7. Citizen’s Input...

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