Okaloosa County BOCC — August 11, 2015 — Agenda Packet — reading text

system--AAAE 47 PRINTING & BINDING $3,000 $500 $1,000 $500 100.0% 48 PROMOTIONAL ACTIVITY $308,500 $308,500 $341,000 $32,500 10.5% Airport re-branding FY15 carry forward of BCC approved amount, Airport Terminal holiday season enhancements Packet Pg. 76 49 MISCELLANEOUS CHARGES $18,600 $25,738 $16,450 -$9,288 -36.1% Expect fewer miscellaneous charges—more specific identification of expenses has been implemented 51 OFFICE SUPPLIES $8,300 $13,250 $12,010 -$1,240 -9.4% Attempting to reduce paper consumption for sustainability 52 OPERATING SUPPLIES $781,238 $739,026 $758,452 $19,426 2.6% Gasoline & special fuels purchased for resale to rental car companies and airlines, clothing/wearing apparel uniforms not purchased in 4 years, janitorial supplies local purchase rather than reimburse contractor, ammunition and tasers/ training supplies 54 BOOKS/PUBS/SUBS & MEMBERSHIPS $16,300 $18,830 $24,800 $5,970 31.7% Additional memberships in professional associations AAAE/ACI 55 TRAINING & EDUCATION EXPENSES $21,000 $47,870 $36,950 -$10,920 -22.8% Staff training and development done in-house instead of at off-site venues 60 CAPITAL OUTLAY $392,400 $149,441 $57,930 -$91,511 -61.2% Two electric courtesy shuttles for public parking lots, license tag reader 71 PRINCIPAL $382,190 $391,406 $402,949 $11,543 2.9% Required debt service on Airport Revenue Bonds and FDOT State Infrastructure Bank Loans 72 INTEREST $102,002 $92,786 $81,240 -11,546 -12.4% Required interest on debt service for bonds and loans 99 RESERVES $6,397,501 $2,612,760 $5,991,484 $3,378,724 129.3% Restricted Reserves for Passenger Facility Charges (PFC Airline/FAA approved expenditures) and Customer Facility Charges (CFC rental car ready return). Unrestricted reserves based on estimates for cash by Clerk’s office. Increase is a function of a planned reduction of operating expenses for capital projects in order to provide local matching funds required for Foy Shaw Parkway ($1.2 million) and FAA/FDOT grants for the Eglin Aircraft Rescue and Fire Fighting facility and Destin Air Traffic Control Tower ($500 K). TOTAL $14,836,405 $11,535,491 $14,908,471 $3,372,980 29.2% Packet Pg. 77 Passenger Facility Charge (PFC) Expenditures Budget FY13 FY14 FY15 FY16 FY15/FY16 Increase/ Category Actual Actual Original Approved +/- Decrease Personnel Services $0 $0 $0 $0 $0 0% Operating Expenses $0 $0 $0 $0 $0 0% Capital Outlay $397,144 $0 $1,529,650 $0 -$1,529,650 -100.0% Debt Service $0 $487,584 $561,500 $765,490 $203,990 36.3% Grants & Aids $0 $0 $0 $0 $0 0% Other Uses $0 $0 $6,363,086 $9,266,510 $2,903,424 45.6% Total $397,144 $487,584 $8,454,236 $10,032,000 $1,577,764 18.7% ACCOUNTS: FY14 FY15 FY16 FY15/FY16 Increase/ Code Category Approved Approved Approved +/- Decrease 60 CAPITAL OUTLAY $502,300 $1,529650 $0 -$1,529,650 -100.0% 71 PRINCIPAL $315,000 $360,000 $510,000 $150,000 41.7% 72 INTEREST $483,144 $200,000 $253,890 $53,890 26.9% 73 OTHER DEBT SERVICE COSTS $1,500 $1,500 $1,600 $100 6.7% 99 RESERVES $4,632,180 $6,363,086 $9,266,510 $2,903,424 45.6% TOTAL $5,934,124 $8,454,236 $10,032,000 $1,577,764 18.7% Car Rental Facility Charge (CFC) Expenditures Budget FY13 FY14 FY15 FY16 FY15/FY16 Increase/ Category Actual Actual Original Approved +/- Decrease Personnel Services $0 $0 $0 $0 $0 0% Operating Expenses $0 $0 $0 $0 $0 0% Capital Outlay $0 $0 $0 $0 $0 0% Debt Service $888,731 $894,375 $894,375 $939,788 $45,413 5.1% Grants & Aids $0 $0 $0 $0 $0 0% Other Uses $0 $0 $3,132,228 $3,585,212 $452,984 14.5% Total $888,731 $617,106 $4,026,603 $4,525,000 $498,397 12.4% ACCOUNTS: FY14 FY15 FY16 FY15/FY16 Increase/ Code Category Approved Approved Approved +/- Decrease 49 MISCELLANEOUS CHARGES $518,788 $0 $0 $0 0% 71 PRINCIPAL $295,000 $315,000 $380,000 $65,000 20.6% 72 INTEREST $595,575 $577,875 $558,188 -19,687 -3.5% 73 OTHER DEBT SERVICE COSTS $1,700 $1,500 $1,600 $100 6.7% 99 RESERVES $2,415,409 $3,132,228 $3,585,984 $452,984 14.5% TOTAL $3,826,472 $4,026,603 $4,525,000 $498,397 12.4% Packet Pg. 78  Presentation to: Okaloosa County Board of County Commissioners Budget Review (W&S) August 11, 2015 Department of Airports Fiscal Year 2016 - Proposed Budget Packet Pg. 79 500,000 450,000 391,263 1.96% 383,591 400,000 2.72% 350,000 300,000 250,000 200,000 150,000 100,000 50,000 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016  Through July, FY 2015 enplanements are 2.4% over FY 2014  FY 2015 enplanements are expected to exceed FY 2014 by 3.2% Packet Pg. 80 2  $10.0 $9.0 $8.0 $7.0 $6.0 $5.0 $4.0 $3.0 $2.0 $1.0 $0.0 2008 2009 2010 2011 2012 2013 2014 2015 2016 Operating Revenues Operating Expenses (before depreciation and amortization) * 2015 2016 2008 2009 2010 2011 2012 2013 2014 Unaudited Budget Operating Revenues $7.6 $8.2 $8.8 $9.5 $9.2 $9.4 $8.9 $8.4 $8.9 Operating Expenses $6.2 $6.7 $7.2 $8.9 $8.4 $7.1 $7.9 $8.3 $8.4 Net Operating $1.4 $1.5 $1.6 $0.6 $0.8 $2.3 $1.0 $0.1 $0.5 Revenue Packet Pg. 81 Source: Okaloosa County Comprehensive Annual Financial Reports 2008 – 2014 and 2015 Unaudited w/ 2016 Budget 3 100% 90% 80% 78% 78% 78% 76% 75% 75% 76% 75% 74% 70% 60% 50% 40% 30% 26% 25% 25% 25% 24% 24% 22% 22% 22% 20% 10% 0% 2008 2009 2010 2011 2012 2013 2014 2015 Est. 2016 Est. Airline Revenues Non-Airline Revenues Packet Pg. 82 4 $7.00 $6.06 $6.00 $5.59 $5.33 $5.42 $5.22 $5.27 $5.10 $5.00 $4.68 $4.63 $4.00 $3.00 $2.00 $1.00 $0.00 2008 2009 2010 2011 2012 2013 2014 2015 2016