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HomeMy WebLinkAbout5/16/2007 - STAFF REPORTS - 4.A. I O�ppLM spy' d c9��FORN�P 1 ;l'o rIrHLr-r.py_r �rnla�,rl.r�r ;I�flr� `f,r�:1w�61•nf i � I I , I V - 7� 'Y;n 'YVw'.4' �r^IA Ah•b. p,,; �,.wly,�,."pi., A..J 4�.- `:�.. il`.''. L.r.,F!9n""�" ..�',�`lR^'."'i��..f���:.,�r' - r:' �'+;v� I� J � ���� _�/y.�� ;�'�`� •r,�fr^ ��17'�1�fC ,,•i��A_,,� n•.�rn',; ."(^�, r�, �y" { , ����, ' iD '., tr as 'w ,,. ^d°"q:V:h,„�:-,r4'1,�':✓q^ � -;6v ;""+ City of Palm Springs International Airport Table of Contents General Airport Revenue.................................................page 1 General Airport Appropriations......................................page 2 Restricted Airport Funds...............................................page 3 Summary of Operations................................................page 4 Capital Projects...........................................................page 5 Fiscal Year 2008 General Airport Revenue, ., Preliminary Budget FY 2007 'FY 2007 FY 2008 % Change Highlights Category Approved Projected Proposed FY07-'08' Scheduled Landing Fees 1,200,000 1,175,000 1,205,105 0.43% • Airport General Revenue Land Rental 869,115 983,831 1,011,823 16.42% increased by$1,728,957 or Leased Parking 1,800,000 2,525,000 2,650,000 47.22% 13.15% over FY 07. Term Air Comm Rentals 1,300,000 1,233,303 1,444,380 11.11% On-Airport Rental Car 4,420,000 4,570,000 4,752,581 7.52% • Land Rental Revenue Property Rental -Non Av 450,000 471,168 477,146 6,03% increased by 16.42% due to Term Non-Air Comm Ren 700,000 718,495 603,560 -13.78% CPI adjustments and amended All Other General Rev. 2,404,500 2,584,500 2,727,977 13.45% agreements. General Rev Subtotal 13,143,615 14,251,297 14,872,572 13.15% • Leased Parking revenue has Federal Grants 11,150,000 17,650,000 4,035,000 -63.81% increased by$850,000. FY 07 was the first full year under new TOTAL $24,293,615 $31,911,297 $18,907,572 contract. • On airport car rental Airport Revenue revenues have increased by Fund 415 7.52% due to renegotiated agreements. Term Non-Air • Terminal Non-air Commercial Comm Rental All Other Scheduled Rental revenues are projected to 3% 14% Land Rental tower by$1$4,000 due to Landing Fees 5% anticipated reduction of TSA leased 6% Space. • Federal Grant Revenues / Property Rental Leased Parking are projected to be lower in FY Non Aviation — 14% 07 due to the end of AIP 38 and 3% lower than projected funding for AIP 41. '�. Term Air Comm • The airport staff expects to Rentals receive $3.7 million in fundingin Federal Grants 8% � On-Airport FAA entitlements for AIP 38 21% Rental Car and $335,000 for AIP 42 for a 26%, total of$4,035,000 in FY 08. City of Palm Springs FY 2008 Preliminary Budget Airport Page f Fiscal Year 2008 General Airport Appropriations _Preliminary Budget ---- "--- FY 2007 FY 2007 FY,2008 % Change Higohliahts Category Approved Projected, Proposed FY07-08 AirportAdmin. 2,328,700 2,296,100 2,655,342 14,03% w General Airport Expenditures for Corporate Yard 128,215 128,215 128,215 N/A Operations increased $1,298,473 or Airport Security 1,056,605 1,086,200 1,165,864 10,34% 9.99% over FY 07. Airside Operations 1,000,332 1,061,020 1,108,727 10.84% Airport Rescue-Fire 1,740,020 1,802,630 1,919,015 10.29% Personnel costs increased Landside Ops 1,337,784 1,457,820 1.458,044 8.99% approximately$495,932 over FY 07 Grounds Main. 773,228 732,800 786,444 1.71% as a result of negotiated salary Terminal Bldg Ops 2,624,657 2,635,200 2,884,442 9.90% adjustments to police and fire Control Ctr. Ops 1,264,770 1,322,650 1,417,141 12.05% personnel. In addition,the budget Customs 185,700 185,500 215,250 15.91% includes an additional $52,635 for 1998 Debt Service 572,169 569,240 573,589 0.25% the new Executive Director of TOTAL $13,012,180 $13,277,375 $14,312,073 9.99% Airports. Capital Pmiects Insurance costs have increased by$281,243 as a result of a change Airport Dev. 675,000 1,830,000 262,632 -61.09% in formula for calculating property Special Cap. Proj. 237,500 923,200 553,500 133.05% insurance casts. Under the new Federal Grants 11,150,000 16,150,000 4,035,000 -63.81% formula insurance costs are based TOTAL $12,062,500 $ 18,903,200 $ 4,851,132 -59.78% on property valuations instead of zG9% 60 2 n '' Secuiiry` personnel costs. drt�Ye�iartmente> �ay Perc�frEage , 608% oral Gra is 13 86 • Energy casts (Cogeneration) are 21 00% projected to be higher by$115,183 I / over FY 07 as a result on the new Gloom G05m Pcvplmmcnh Alreltle Ops rate methodology now being used. a7i 579% I )Airp, • Fleet Service charges werereduced by$61,268 from FY 07 ' 5075 budget. 6278 AARF 1988 Debt Servlae 10.01% I • The adapted FY 07 budget column represents appropriations of $13,012,180,The amended FY 07 s,Pu budget, which includes mid-year I Landelde Cps Council and Commission approved 6280 / I 761`/0 Customs amendments, off-setting budget 1.17% adjustments, continuing s17s appropriations and carry-over 6200 Grounds Maint hdects 6225 Tom,mal©Ida 4.10% purchase orders, reflects Control Center 18.05% appropriations of$13,464,989. 740% City of Palm Springs FY 2008 Preliminary Budget Airport Page 2 Fiscal Year 2008 F Restricted Airport Funds Preliminary Budget -r-~-J--------- FY 2007 ' FY 2001, .FY 2008 % Change Highlights Cafe 0 A raved Pr0'ected ' Pro osed FY07-08 • Customer Facility Charges Fund 405 Customer Facility Charge are restricted funds that can Revenue only be used to provide CFC 0 329.000 1,200,000 facilities for the rental car Total Revenue $0 $329,000 $1,200,000 operators and companies serving the Airport. Appropriations Contractual Services 0 0 1,100,000 • Passenger Facility Charges Total Appropriations $0 s0 $1,100,000 are restricted to expenditures dealing with passenger Surplus (Deficit) $0 $329,000 $100,000 facilities. These funds are currently being used to pay debt service for two bond FY 2007 ,. FY 2007 - FY,1008 % Change issues and a band refunding that was used for terminal C ategory Approved Pro-ccted Proposed FY 07-08 construction. Fund 410 Passenger Facility Charge • Excess Passenger Facility Revenue can only be used to redeem Interest Income 50,000 89,000 60,000 20.00% outstanding bonds which in Passenger Facility Charge 2,800,000 2,950.000 3,050,000 8.93% turn will reduce the Airport's Total Revenue 2,850,000 3,039,000 3,110,000 11.80% long-term debt. Appropriations • The 1998 General Airport Administration 11,894 8,122 13,297 11.80% Revenue Bands(GARB)are Series 1998 PFC Debt Service 852,563 852,563 854,363 021% eligible to be refinanced in Series 2006 Debt Service 964,757 964.720 969,618 0.50% 2008 as PFCs. This will Transfer Out to Fund 415 572,169 569,240 573,589 0.25% relieve the Airport of the (1998 GARB Debt Service) remaining convenant restrictions on the current Total Appropriations 2,401,383 2,394,645 2,410,867 0.39% GARB allowing greater flexibility for general Airport Surplus (Deficit) $448,617 $644,355 $699,133 revenue. City of Palm Springs FY 2008 Preliminary Budget Airport Page 3 Fiscal Year2008 SUMMARY OF OPERATIONS Preliminary Budget By Fund Airport Fund Summary FY2007 FY2067 F,Y2008 fthliahts Category Approved Projected Prp used . Staff is projecting a surplus of Fund 405 CFC $699,133 in Passenger Facility Revenues 0 329,000 1,200,000 Charges in FY 08. Expenditures 0 0 1,100,000 Surplus (Deficit) $0 $329,000 $100,000 • Surplus PFCs will be used to Fund 410 PFC redeem outstanding bonds to reduce the Airport's overall debt. Revenues 2,850,000 3,039,000 3,110,000 Expenditures 1,829,214 1,825,405 1,837,278 Transfer Out to Fund 415 572,169 569,240 573,589 • It is projected that General (1998 Deb[Service) Airport revenues will exceed Surplus (Deficit) $448,619 $644,355 $699,133 Operations and Non-Federal Grant Expenditures by$317,956 in FY 08. Fund 415_Ge oral Airport Revenues 13,143,615 14,261,297 14,872,572 • Expenditures in Fund 415 include Transfer In from Fund 410 572,169 569,290 573,589 airport development and special Expenditures 13,924,680 16,030,575 15,128.205 capital projects accounts. Surplus (Deficit) ($208,896) ($1,199,988) $317,956 _ _ _ _ _ _ _ _ Fedora!G�ar..ttts RECpMMENDED CHANGESr Revenues 11,150,000 17,650,0004 4,035,000 -.The City Manager is Expenditures 11,150,000 16,150,000 4,035,000 recommending the addition of two Surplus (Deficit) $0 $1,500,000 $0 (2) positions to the Airport's budget. These positions include an Airport ,_ _r ; , -,'," .• ;i' Maintenance Worker starting October 1 st, at a cost of$42,865, and .50 of an Maintenance Electrician at a cost of$44,3386 The total of these two positions in Current Federal Grants FY 08 will be$87,203. AIP 37(Terminal Building Security) S627,140 AIP 38 (Hold Rooms) $10,240,720 AIP 39 (Aircraft Parking Ramp) $272,152 AIP 40(Airfield Improvements) $7,500,000 AIP 41 (Airfield Design) $1,500,000 AIP 42(Airport Master Plan) $335,000 AIP 43 (Entitlement Funding) $3,700,000 City of Palm Springs FY 2008 Preliminary Budget Airport Page 4 CITY OF PALM SPRINGS CAPITAL. IMPROVEMENT BUDGET FY 07-08 Airport Fund 415 Total Current Project Project F / Y Cost Amount 1 AIP 42-(includes matching revenue) 352,632 352,632 Federal Grant Portion: $335,000 Matching: $17,632 Airport Master Plan 2 AIP 43- (includes matching revenue) 3,895,000 3,895,000 Federal Grant Portion: $3,700,000 Matching: $195,000 Entitlement Funding 3 Annual Crack Filling Program 30,000 30,000 Pavement crack sealing, airside and landside according to pavement condition. Non-FAA reimbursable- 4 Bag Belt Door Operators#1 &#2 24,000 24,000 Bag Belt Door Operators#1 &#2 are over 15 years old and no longer serviceable. 5 Furniture, Fixtures and Equipment New 300,000 150,000 Holdroom -Phase 1 Furniture, Fixtures and Equipment needed for new terminal holdroom, 50% of total requirement. 6 Road Signage Enhancements 75,000 60,000 Amend overhead signage to create a more efficient traffic flow and reduce passenger confusion when entering and exiting the airport- 7 Furniture Replacement-Terminal 12,500 12,500 Replace seating over 10 years old with new units of the same design (old units cannot be repaired)- 8 Airport PA System Upgrade 65,000 65,000 Upgrade from ❑OS to Windows. Replace PA Hardware and Software that is over 15 years old. City of Palm Springs FY 2008 Preliminary Budget Airport Page 5 CITY OF PALM SPRINGS CAPITAL IMPROVEMENT BUDGET FY 07-08 Airport Fund 415 Total Current Project Project F /Y Cost Amount 9 Computer Room/HVAC Replacement 10,000 10,000 Replace undersized HVAC unit that is over 15 years old. 10 HVAC APOGEE Upgrade 15,000 15,000 Replace Terminal HVAC automation software and hardware over 8 years old. Recommended by Siemens 11 Crash Phone System Replacement 40,000 40,000 Replace obsolete analog system over 15 years old. 12 HT Radio System Replacement 100,000 100,000 Existing system is being phased out almost obsolete, resulting in transmission and repair problems. 13 Criminal History Records Check(CHRC) 7,000 7,000 Fingerprint Live Scan Device Existing system unreliable and obsolete. New technology offers better options/ configuration. 14 VIP/ Control Center Refurbishment 10,000 10,000 New chairs for both VIP/Control Center, window shades for VIP to block sun and rubber mats for VIP. 15 Bag Belt Room #1 Refurbishment 30,000 30,000 Sliding glass doors/frames end of service life. Glass must be replaced with tempered glass. 16 Unscheduled 50,000 50,000 Total Airport Capital Projects 5,016,132 4,851,132 City of Palm Springs FY 2008 Preliminary Budget Airporl Page 6