Department of Airports FY 2018-19 Proposed Budget May 8, 2018 1 - PowerPoint PPT Presentation

Department of Airports FY 2018-19 Proposed Budget May 8, 2018 1

• Sustainable Cash Flow $900.4K Net Operating Income – Projected Cash Balance of $13.2M at year end. – Total decrease in revenue due to termination of vehicle storage at both airports. – Vehicle storage since 2014 = $4.95 million. – FY 2017-18 vehicle storage revenue = $903K. – FY 2018-19 vehicle storage revenue = $0. – Increase in property and investment revenue of $459K (7.7%). • Increase in services and supplies $230K (11.7%). – Building and Safety requirements for hangar repairs ($100K). – Business Park improvements ($200K). • Labor expense increase $458K (16.1%). – Two Maintenance Positions $154K – Group Insurance, COL, Workers’ Comp $117K. – Retirement Costs $61K. – Airport Operations Officers Salary increase $91K (17%). 2 • Calculated depreciation expense remains flat.

• Restoring Airline Service – SCASDP Grant from DOT for OXR expired. Surrendering commercial airport certificate, allowing aircraft of 9 seats or less. • Pressures on general aviation – Aging pilot population. – FAA 1,500 hour rule. – Avgas alternatives. • Loss auto storage revenue – Reducing off-site inventory (Replaced with Aeronautical Revenue – i.e. new hangars). – Their contribution since 2014 has been $4.95 million. • Changes to Building and Safety Standards for hangar repair work. 3

Measure Unit of Measure FY 2016/17 FY 2017/18 FY 2018/19 (Projections) FAA/Inspection/ Number 0 10 0 Corrective Actions Noise Complaints Oxnard Airport Number 19 15 30 Camarillo Airport Number 12 11 30 Vehicle Pedestrian Deviations Oxnard Airport Number 0 1 0 Camarillo Airport Number 0 0 0 4

County of Ventura - Department of Airports Cash Flow Analysis Five Year Period July 1, 2018 through June 30, 2023 3% inflation to most revenue and expense items FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 3% inflation on most revenue and expense items except Capital Estimated cash balance July 1, 2018 $ 16,301,360 $ 13,274,308 $ 7,987,748 $ 10,008,632 $ 11,238,117 Budgeted Revenue 6,519,822 6,765,417 7,110,379 7,323,691 7,543,401 Budgeted Salaries and Benefits (3,311,235) (3,410,572) (3,512,889) (3,618,276) (3,726,824) Budgeted Service and Supplies (2,199,701) (2,265,692) (2,333,663) (2,403,672) (2,475,783) Expenses for hangar development (2,229,918) (6,173,542) Budgeted Other Expenses net of Depreciation & Bad debts (73,456) (75,660) (77,929) (80,267) (82,675) Net Cash Balance Before Capital Outlays (1,294,488) (5,160,049) 1,185,898 1,221,475 1,258,119 Grant & Non-grant Eligible Capital Expenditures for Fiscal Year (2,893,569) (3,332,784) (20,322,489) (160,200) (3,723,500) Grant Revenues 1,161,005 3,206,273 21,157,475 168,210 1,134,400 Projected cash balance at June 30 $ 13,274,308 $ 7,987,748 $ 10,008,632 $ 11,238,117 $ 9,907,136 Note - The grant and non-grant capital outlay reflects the local funds to be expended per the 5 year Capital Improvement Plan (CIP) for both airports. Projected cash balance would be adjusted by adding or subtracting projects in the CIP. FY 2018-19 reflects construction of NE hangar development at Camarillo airport. FY 2018-19 reflects partial rent revenue of $50K for the rental of 41 new hangars. FY 2018-19 reflect the termination of vehicle storage at Camarillo and Oxnard airports. 5 FY 2020-21 and after, reflect additional projected full-year rent revenue of $142K for the new hangars.

FY 2018-19 PRELIMINARY BUDGET (BASE + SUPPLEMENTAL + RESTORATION) AGENCY/DEPARTMENT: AIRPORTS FUND NO:E300 BUDGET UNIT TITLE: AIRPORTS - CAMARILLO AND OXNARD AIRPORTS DIVISIONS:5000 & 5020 2017-18 2018-19 2016-17 ADOPTED 2017-18 REQUESTED ACTUAL BUDGET PROJECTION BUDGET APPROPRIATIONS SALARIES AND EMPLOYEE BENEFITS 2,710.2 2,852.3 3,108.0 3,311.2 16.1% 458.9 SERVICES AND SUPPLIES 1,693.7 1,969.8 1,867.7 2,199.7 11.7% 229.9 DEPRECIATION EXPENSE 2,262.7 2,182.4 2,206.4 2,181.7 0.0% (0.7) OTHER CHARGES (LOAN, CUE & UNCOLLECTABLE A/R) 13.3 90.0 26.0 108.5 20.5% 18.5 FIXED ASSETS 24.1 - - - 0.0% - OTHER FINANCING USES - - - - - TOTAL APPROPRIATIONS 6,703.9 7,094.5 7,208.1 7,801.0 10.0% 706.5 - REVENUE - LICENSES, PERMITS & FRANCHISE 1,706.6 999.5 1,178.8 83.5 -91.6% (916.0) FINES, FORFEITURES & PENALTY 12.7 16.8 12.0 -15.2% (2.6) 14.3 REV-USE OF MONEY & PROPERTY 5,718.2 5,935.9 6,142.6 6,395.2 7.7% 459.4 INTERGOVERNMENTAL REVENUE - - - - 0.0% - CHARGES FOR SERVICES - 11.2 11.2 11.3 0.6% 0.1 MISCELLANEOUS REVENUES 29.4 14.2 4.4 15.6 10.0% 1.4 GAIN/LOSS DISPOSAL OF FIXED ASSET 201.4 - RESIDUAL EQUITY TRANSFER IN - - - - - TOTAL REVENUE 7,668.3 6,977.5 7,349.0 6,519.8 -6.6% (457.7) - NET COST (964.4) 117.0 (140.9) 1,281.2 994.7% 1,164.2 - NET COST WITHOUT DEPRECIATION *NET INCOME (3,227.3) (2,065.3) (2,347.3) (900.4) -56.4% 1,164.9 6 POSITION SUMMARY FTE POSITIONS 32 34 34 34 AUTH POSITIONS 32 34 34 34

COMBINED REVENUES BY SOURCE FY 2018-19 $6,519,820 Non Aviation $2,239,785 GA Fees $309,574 34% 5% Hgrs/Ties $1,4668,856 22% Terminal $237,014 ASP $1,232,275 4% 19% Misc Aviation $1,032,316 16% 7

$8,000,000 $7,000,000 $6,977,526 $6,519,820 $6,285,563 $6,000,000 $5,641,665 $5,619,400 $5,391,215 $4,969,747 $5,365,023 $5,128,630 $5,039,344 $5,000,000 $4,940,999 $4,867,300 $4,822,800 $4,802,400 $4,853,300 $4,837,300 $4,727,900 $4,703,800 $4,665,200 $4,621,100 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $- FY 09-10 FY 10-11 FY 11-12 FY 12-13 FY 13-14 FY 14-15 FY 15-16 FY 16-17 FY 17-18 FY 18-19 Revenue Expenses Linear (Revenue) Linear (Expenses) 8

Combined Airports Appropriations FY 2018-19 Without Depreciation $5,619,400 Fixed Assets 0% Salaries & Other Charges Benefits 2% 59% Services & Supplies 39% 9

FY 2018-19 PRELIMINARY BUDGET (BASE + SUPPLEMENTAL+ RESTORATION) AGENCY/DEPARTMENT: AIRPORTS FUND NO: E300 BUDGET UNIT TITLE: CAMARILLO AIRPORT DIVISION NO: 5020 2017-18 2018-19 2016-17 ADOPTED 2017-18 REQUESTED ACTUAL BUDGET PROJECTION BUDGET APPROPRIATIONS SALARIES AND EMPLOYEE BENEFITS 1,834.2 1,926.9 2,121.2 2,294.1 19.1% 367.2 SERVICES AND SUPPLIES 1,243.5 1,371.5 1,322.8 1,630.7 18.9% 259.2 DEPRECIATION EXPENSE 1,156.6 1,108.9 1,132.8 1,095.8 -1.2% (13.1) OTHER CHARGES (LOAN, CUE ASSESSMENT & 13.3 75.0 25.0 93.5 UNCOLLECTABLE A/R) 24.6% 18.5 FIXED ASSETS - - - - - OTHER FINANCING USES - - - - - TOTAL APPROPRIATIONS 4,247.5 4,482.3 4,601.9 5,114.3 14.1% 631.9 - REVENUE - LICENSES, PERMITS & FRANCHISE 1,457.3 750.5 1,093.2 -90.1% (676.1) 74.4 FINES, FORFEITURES & PENALTY 10.5 10.7 10.1 9.1 -14.9% (1.6) REV-USE OF MONEY & PROPERTY 4,461.1 4,657.2 4,869.6 5,140.1 10.4% 482.9 INTERGOVERNMENTAL REVENUE - - - - - CHARGES FOR SERVICES - 11.2 11.2 11.3 0.6% 0.1 MISCELLANEOUS REVENUES 27.0 11.8 - 15.3 30.5% 3.6 OTHER FINANCING SOURCES 201.4 - RESIDUAL EQUITY TRANSFER IN - - - - - TOTAL REVENUE 6,157.2 5,441.4 5,984.1 5,250.3 -3.5% (191.1) - NET COST (1,909.7) (959.0) (1,382.2) (136.0) -85.8% 823.0 - NET COST WITHOUT DEPRECIATION (3,066.3) (2,067.9) (2,515.0) (1,231.9) -40.4% 836.0 10 POSITION SUMMARY FTE POSITIONS 23 25 25 25 AUTH POSITIONS 23 25 25 25

FY 2018-19 PRELIMINARY BUDGET (BASE + SUPPLEMENTAL + RESTORATION) AGENCY/DEPARTMENT: AIRPORTS FUND NO: E300 BUDGET UNIT TITLE: OXNARD AIRPORT DIVISION: 5000 2017-18 2018-19 2016-17 ADOPTED 2017-18 REQUESTED ACTUAL BUDGET PROJECTION BUDGET APPROPRIATIONS SALARIES AND EMPLOYEE BENEFITS 876.0 925.4 986.8 1,017.1 9.9% 91.7 SERVICES AND SUPPLIES 450.2 598.3 544.9 569.0 -4.9% (29.4) DEPRECIATION EXPENSE 1,106.1 1,073.5 1,073.6 1,085.8 1.1% 12.3 OTHER CHARGES (LOAN & UNCOLLECTABLE A/R) - 15.0 1.0 15.0 0.0% - FIXED ASSETS 24.1 - - - 0.0% - OTHER FINANCING USES - - - - - TOTAL APPROPRIATIONS 2,456.4 2,612.2 2,606.2 2,686.9 2.9% 74.7 - REVENUE - LICENSES, PERMITS & FRANCHISE 249.3 248.9 85.6 9.0 -96.4% (239.9) FINES, FORFEITURES & PENALTY 2.3 6.1 1.9 5.1 -15.8% (1.0) REV-USE OF MONEY & PROPERTY 1,257.1 1,278.7 1,273.0 1,255.1 -1.8% (23.5) INTERGOVERNMENTAL REVENUE - - - - - CHARGES FOR SERVICES - - - - - MISCELLANEOUS REVENUES 2.3 2.4 4.4 0.2 -90.1% (2.2) GAIN/LOSS DISPOSAL OF FIXED ASSET 0.3 - - - TOTAL REVENUE 1,511.3 1,536.1 1,364.9 1,269.6 -17.4% (266.5) - NET COST 945.1 1,076.1 1,241.3 1,417.3 31.7% 341.2 - 12664.7 NET COST WITHOUT DEPRECIATION (161.0) 2.6 167.7 331.5 % 328.9 11 POSITION SUMMARY FTE POSITIONS 9 9 9 9

Annual Operations 10 Year History and *Current Year Projection 200000 175000 150000 125000 100000 75000 50000 25000 0 2009 2010 2011 2012 2013 2014 2015 2016 2017 *2018 Operations CMA Operations OXR 12

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