FY 2013 Rates, Fees, and Charges Year End Reconciliation. Finance Department P.O. Box DFW Airport, Texas

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1 FY Rates, Fees, and Charges Year End Reconciliation Finance Department P.O. Box DFW Airport, Texas

2 TABLE OF CONTENTS SUMMARY 4 DFW COST CENTER Executive Summary - 2 DFW Cost Center Summary 20 Executive Summary Detail COST ALLOCATIONS 2 AIRFIELD SERVICES COST CENTER Overhead Allocation 2 Airline Cost Summary 5-6 Allocation of Operating and Maintenance Expenses 22 Cost Per Enplanement 7 Joint Revenue Bond Existing Debt Service 23 Enplaned Passengers 8 Joint Revenue Bond New Debt Service 24 Airfield Cost Center Summary 9-0 Joint Revenue Bond Debt Service Coverage 25 Calculation of Airline Landing Fee 3 TERMINAL SERVICES COST CENTER Terminal Cost Center Summary 2-3 Terminal Cost Summary 4 FIS Facility Fees 5 DFW Terminal Contribution 6 Actual Terminal Leased Square Feet 7 Forecast Terminal Leased Square Feet 8 Airline Terminal Rents 9

3 Business Units Executive Summary Actual Budget 3 (Unfavorable) FY 202 Actual Airline Revenue $230,44 $263,89 ($32,747) $200,822 Non-Airline Revenue 326, ,685 30,90 34,855 Total Revenue $557,027 $558,874 ($,847) $55,677 Total O & M Expense $352,89 $355,836 $2,946 $343,967 Net Debt Service 2 32,588 37,082 4,495 06,40 Total Expense & Debt Service $485,478 $492,99 $7,440 $450,378 Net to DFW Capital Account $7,549 $65,955 $5,594 $65,300 Includes trueups and threshold adjustment. 2 See pages 23 through 25 for a breakout of Net Debt Service. 3 FY3 Forecast does not reflect the $4.5 million expense increase approved by the Board in May.

4 Business Units Executive Summary Revenue Business Units Actual Budget 2 (Unfavorable) FY 202 Actual Airfield Cost Center $40,058 $37,92 $2,46 $3,050 Terminal Cost Center 64,295 67,07 (2,82) 38,92 DFW Cost Center 277, ,239 5, ,835 Total Revenue $582,92 $567,258 $4,934 $527,077 Total O & M Expense $352,89 $355,836 $2,946 $343,967 Net Debt Service 32,588 37,082 4,495 06,40 Total Expense & Debt Service $485,478 $492,99 $7,440 $450,378 Net to DFW Capital Account before Threshold Adjustment $96,74 $74,339 $22,375 $76,699 Threshold adjustment to Airfield Cost Center 25,65 8,384 (6,78),399 Net to DFW Capital Account $7,549 $65,955 $5,594 $65,300 See pages 23 through 25 for a breakout of Net Debt Service. 2 FY3 Forecast does not reflect the $4.5 million expense increase approved by the Board in May. 2

5 Business Units Executive Summary Detail (Unfavorable) FY 202 Actual Actual Budget Operating Revenues Airfield Cost Center Landing Fees $08,677 $9,340 ($0,664) $2,777 Airline Bad Debt Fueling System 5,504 5,504-5,47 Corporate Aviation,722,96 (239),873 Aircraft Parking DPS 2,420 2,630 (209) 2,944 Other Threshold Adjustment 25,65 8,384 6,78,399 Trueup from Airfield Cost Center (4,284) - (4,284) (4,095) Total Airfield Revenues $40,058 $37,92 $2,46 $3,050 Terminal Cost Center Airline Terminal Leases $99,660 $04,550 ($4,890) $74,540 FIS Revenue 23,859 20,874 2,985 9,007 Turn Fee Revenue,86 9,950,866 9,2 TSA Rent,689, DPS 2,087 2,402 (35) 2,742 Other 9,547 8,9,429 8,923 Capital Transfer to Terminal Cost Center 20,000 20,000-24,000 Trueup from Terminal Cost Center (4,363) - (4,363) (,08) Total Terminal Revenue $64,295 $67,07 ($2,82) $38,92 DFW Cost Center Commercial Development $36,553 $33,543 $3,00 $34,468 Non-Terminal Concessions,444,292 52,253 Rental Car Ground Rent 4,658 4, ,274 Rental Car Center % Rent 26,767 23,589 3,79 23,472 Utilities 5,022 4, ,903 Parking 6,092 5, ,84 Terminal Concessions 62,340 54,33 8,027 54,809 Taxis and Limos 8,56 7, ,248 Employee Transportation 2,345 2,557 (23) 0,200 DPS,54,305 (5),52 Other,763,707 57,555 Threshold Adjustment (25,65) (8,384) (6,78) (,399) Interest Income,545, ,30 Total DFW Revenue $252,674 $253,854 ($,80) $246,436 Total Revenue $557,027 $558,874 ($,846) $55,677 3

6 Business Units Executive Summary Actual Budget (Unfavorable) FY 202 Actual EXPENSES O&M Costs Salaries and wages $3,096 $2,743 ($354) $4,454 Benefits 56,387 59,536 3,49 60,676 Contracts 26,229 22,364 (3,865) 2,560 Maintenance and other supplies 6,064 9,206 3,42 6,248 Insurance 5,77 5, ,307 Utilities 25,642 25,568 (75) 26,96 General, administrative and other 7,099 7,03 (68) 6,286 Contingency -,750,750 - Operating Reserve 3,97 2,297 (900) 2,520 Total O&M $352,89 $355,836 $2,946 $343,967 Debt Service Existing Debt Service $245,573 $250,645 $5,072 $24,298 New Debt Service 86,699 57,972 (28,727) 22,962 RAC Debt Service 3,37 3,37-4,35 Hotel Debt Service 3,432 3,432 -,02 Gross Debt Service 349, ,420 (23,656) 269,73 Offsets: Capitalized Interest New Debt (68,4) (36,846) $3,268 (22,375) Interest Income (interest & sinking fund) (06) (4) ($35) (65) Debt Service 280, ,432 7, ,73 Debt Service Paid By PFC's (37,053) (42,28) (5,075) (38,522) Debt Service Paid By CFC's (9,635) (9,632) 3 (5,929) Net Debt Service After PFC's $24,67 $26,672 $2,505 $02,722 25% Debt Coverage 70,24 72,08,894 6,793 Coverage Balance (6,793) (6,698) 96 (58,05) Incremental Coverage for Allocation 8,420 0,40,990 3,688 Net Coverage for Allocation to Cost Centers 8,420 0,40,990 3,688 Net Debt Service After PFC's 24,67 26,672 2,505 02,722 Total Net Debt Service $32,588 $37,082 $4,495 $06,40 Total Expenses $485,478 $492,99 $7,440 $450,378 Net to DFW Cost Center $96,74 $74,339 $22,375 $76,699 FY3 Forecast does not reflect the $4.5 million expense increase approved by the Board in May. 4

7 Airline Cost Summary Actual Budget (Unfavorable) FY 202 Actual Airline Cost/Revenue - Use Agreement Passenger Landing Fees $96,20 $09,59 $3,390 $95,554 Cargo Landing Fees 8,38 9,750,369 8,93 Terminal Leases 98,552 04,550 5,998 73,94 FIS Facility Revenue 23,859 20,874 (2,985) 9,007 Turn Fees and Terminal Office Rents,86 9,950 (,866) 9,096 Aircraft Parking (90) 243 Total Airline Cost/Revenue 239, ,804 5,76 206,025 Less Air Service Incentive Program (ASIP) (0,373) (,000) (627) (9,676) Airline Cost/Revenue - Use Agreement $228,76 $243,804 $5,089 96,349 Reconciliation to GAAP Basis Add: Prior year True-up $5,203 - ($5,203) $8,943 Less: Current year True-up (8,647) - 8,647 (5,203) Airline Cost/Revenue - GAAP Basis $225,272 $243,804 $8,532 $200,088 FY3 Forecast does not reflect the $4.5 million expense increase approved by the Board in May. 5

8 Airline Cost Summary Actual Budget (Unfavorable) FY 202 Actual Airline Cost/Revenue - GAAP Basis Passenger Landing Fees $96,029 $09,59 $3,562 $99,449 Cargo Landing Fees 8,363 9,750,387 9,233 Terminal Leases 95,297 04,550 9,253 72,737 FIS Fees 23,859 20,874 (2,985) 9,007 Turn Fees and Terminal Office Rents,86 9,950 (,866) 9,096 Aircraft Parking (90) 243 Total Airline Revenue/Cost $235,645 $254,804 $9,60 $209,765 Less: ASIP (0,373) (,000) (627) (9,676) Airline Costs/Revenue - GAAP Basis $225,272 $243,804 $8,532 $200,088 Reconciliation to Use Agreement Basis Less: Prior year Trueup ($5,203) - $5,203 ($8,943) Add: Current year Trueup 8,647 - (8,647) 5,203 Airline Costs/Revenue - Use Agreement $228,76 $243,804 $5,089 $96,349 FY3 Forecast does not reflect the $4.5 million expense increase approved by the Board in May. 6

9 Calculation of Cost Per Enplanement (CPE) Actual Budget 3 (Unfavorable) FY 202 Actual Passenger Airline Enplanements 30,20 29, ,20 Passenger Airline CPE - Use Agreement Basis Airline Cost/Revenue $239,088 $254,804 $5,76 $206,025 Less: Cargo and GA Landing Fees (8,38) (0,433) (2,053) (9,863) Add Back: Cargo and GA true-up and threshold adjustment Total PAX Airline Revenue 230, ,07 4,364 96,833 Less: ASIP - Passenger Airlines (0,373) (,000) (627) (9,676) Total PAX Airline Revenue post ASIP $220,335 $234,07 $3,736 $87,56 CPE - Use Agreement Basis 2 $7.32 $7.9 $0.60 $6.43 Passenger Airline CPE - GAAP Basis Total PAX Airline Revenue post ASIP $220,335 $234,07 $3,736 $87,56 Add Back: Prior year true-up 4,856 - (4,856) 8,279 Less: Current year true-up (8,309) - 8,309 (4,856) Total Passenger Airline Cost/Revenue $26,882 $234,07 $7,89 $90,580 CPE - GAAP Basis 2 $7.20 $7.9 $0.7 $6.54 General Aviation enplanements are excluded from CPE calculation. 2 Actual rates, not in 000's. 3 FY3 Forecast does not reflect the $4.5 million expense increase approved by the Board in May. 4 No add back necessary for FY3 actuals as it is not included in Cargo landing fee reduction in line above. 7

10 Rates, Fees and Charges Forecast Enplaned Passengers Fiscal Year 202 (000's) Scheduled Passenger Airlines Actual Budget (Unfavorable) 202 Actual AeroMexico Alaska Air American 2,448 2,487 (39) 2,002 American Eagle/Executive Airlines 3,445 3, ,483 Jazz Air/Air Canada (2) 44 British Airways Delta,4,05 26,07 AirTran Frontier (4) 235 Korean Air KLM (6) 27 Lufthansa Spirit, Sun Country Grupo Taca United/Continental (9) 9 US Airways (8) 865 Virgin America (20) 227 Emirates Qantas 94 5 (2) 70 Cayman Airways 2 WestJet JetBlue Total Scheduled Passenger Airlines 30,098 29, ,093 Non-Scheduled Service Other Passenger Carriers Total Non-Scheduled Service Total 30,28 29, ,27 Enplanements by Terminal Terminal A 6,842 6, ,457 Terminal B 3,432 3, ,74 Terminal C 9,03 9,470 (439) 8,905 Terminal D 6,88 6,56 (373) 6,488 Terminal E 4,626 4, ,095 Other Total Enplanements by Terminal 30,28 29, ,27 8

11 Airfield Cost Center Summary Actual Budget (Unfavorable) FY 202 Actual Revenues Passenger Landing Fees $99,975 $09,59 ($9,65) $03,97 Cargo Landing Fees 8,70 9,750 (,049) 9,58 Airline Bad Debt (5) Aircraft Parking Corporate Aviation,722,96 (239),873 Fuel Facility 5,504 5,504-5,47 DPS 2,420 2,630 (209) 2,944 Other Threshold Adjustment from DFW Cost Center 25,65 8,384 6,78,399 Total Revenues $44,343 $37,92 $6,43 $35,40 Expenses Direct Expenses $29,376 $27,97 ($,405) $26,203 DPS 25,942 24,52 (,430) 25,076 Indirect Expenses 7,902 7,93 6,206 Debt Service 66,838 67, ,560 Total Expenses $40,058 $37,92 ($2,46) $3,045 Trueup from Airfield Cost Center activity $4,284 - $4,284 $4,095 FY3 Forecast does not reflect the $4.5 million expense increase approved by the Board in May. 9

12 Airfield Cost Center Summary Actual Budget (Unfavorable) FY 202 Actual Airfield Cost Center Expenditures Operating Expenses $73,220 $70,397 ($2,823) $67,484 Net Debt Service 66,838 67, ,560 Total Expenses $40,058 $37,92 ($2,46) $3,045 Revenues Aircraft Parking $280 $90 $90 $243 Corporate Aviation,722,96 (239),873 Fuel Facility 5,504 5,504-5,47 DPS 2,420 2,630 (209) 2,944 Other Total Other Revenues 0,50 0, ,963 Prior year Activity Trueup applied in current year 4,095-4,095 8,29 Total adjusted Revenues before Landing Fees 4,597 0,87 4,409 9,255 Landing Fees Needed to Balance Expenses 25,462 27,725 2,263,790 Landing Fees Collected 04,58 9,340 (4,759) 04,486 Airfield Cost Center Trueup before Threshold Adjustment (20,880) (8,384) (2,496) (7,304) Threshold Adjustment from DFW Cost Center 25,65 8,384 6,78,399 Trueup from Airfield Cost Center activity $4,284 - $4,284 $4,095 FY3 Forecast does not reflect the $4.5 million expense increase approved by the Board in May. 0

13 Calculation of Airline Landing Fee Actual Budget 3 (Unfavorable) FY 202 Actual Airfield Expenses O&M Expenses $29,376 $27,97 ($,405) $26,203 Indirect Expenses 7,902 7,93 6,206 DPS Expenses 25,942 24,52 (,430) 25,076 Debt Service 66,838 67, ,560 Total Airline Expenses $40,058 $37,92 ($2,46) $3,045 Less Other Airfield Revenue: Bad Debt Expense (5) Threshold Adjustment from DFW Cost Center 25,65 8,384 6,78,399 DPS Revenues 2,420 2,630 (209) 2,944 Indirect Revenues Aircraft Parking Corporate Aviation,458,576 (8),633 Fuel Facility 5,504 5,504-5,47 Total Airline Revenues 35,402 8,87 7,25 2,642 GAAP Basis Net Airfield Cost 04,656 9,725 5,069 09,402 Total Signatory Landed Weights 37,85 36, ,968 GAAP Basis Signatory Landing Fee Rate (per,000 lbs) 2 $2.72 $3.2 $0.49 $2.98 Total Non-Signatory Landed Weights GAAP Basis Non-Signatory Landing Fee Rate (per,000 lbs) 2 $3.40 $4.0 $0.6 $3.73 Adjustments Prior year True-up ($4,095) - ($4,095) ($8,29) Current year True-up 4,284-4,284 4,095 $89 - $89 ($4,96) Use Agreement Basis Net Airfield Cost 04,845 9,725 4,880 05,206 Total Signatory Landed Weights 37,85 36, ,968 Use Agreement Basis Signatory Landing Fee Rate (per,000 lbs) 2 $2.73 $3.2 $0.48 $2.87 Total Non-Signatory Landed Weights Use Agreement Basis Non-Signatory Landing Fee Rate (per,000 lbs) $3.4 $4.0 $0.60 $3.59 Landed weights are shown in millions. 2 FY3 and FY2 Actual data shown for informational purposes only. The calculated landing fee rate in the actual column has no impact on fees owed/paid by airlines. 3 FY3 Forecast does not reflect the $4.5 million expense increase approved by the Board in May.

14 Terminal Cost Center Summary Actual Budget (Unfavorable) FY 202 Actual Revenues Airline Terminal Leases $99,660 $04,550 ($4,890) $74,540 FIS Facility Revenue 23,859 20,874 2,985 9,007 Turn Fees and Terminal Office Rents,86 9,950,866 9,2 TSA Rent,689, Catering Fee 4,53 3, ,889 Concessions O&M Reimubursement 4,826 4, ,64 Other Revenue DPS 2,087 2,402 (35) 2,742 DFW Joint Fund Capital Transfer 20,000 20,000-24,000 Terminal Contribution 5,857 8,553 (2,696) 4,203 Total Revenues $74,55 $75,660 ($,45) $53,502 Expenses Direct Expenses $64,385 $62,547 ($,839) $62,390 DPS 22,363 22, ,359 Utilities 9,28 0,703,422 0,689 Indirect Expenses 44,67 46,760 2,42 43,786 Debt Service 29,506 33,265 3,759 2,70 Total Expenses $70,53 $75,660 $5,508 $52,394 Trueup from Terminal Cost Center activity $4,363 - $4,363 $,08 FY3 Forecast does not reflect the $4.5 million expense increase approved by the Board in May. 2

15 Terminal Cost Center Summary Actual Budget (Unfavorable) FY 202 Actual Terminal Cost Center Expenditures Operating Expenses $40,647 $42,395 $,748 $40,224 Net Debt Service 29,506 33,265 3,759 2,70 Total Expenses $70,53 $75,660 $5,508 $52,394 Revenues Operating Revenue FIS Fees $23,859 $20,874 $2,985 $9,007 Turn Fees and Terminal Office Rents,86 9,950,866 9,2 Other 3,323,734,589 2,64 Operating Revenue before Leases 48,999 42,558 6,44 40,760 Transfers DFW Contribution/FIC Credit 5,857 8,553 (2,696) 4,203 Joint Capital Transfer 20,000 20, ,000 Total Transfers 25,857 28,553 (2,696) 38,203 Prior year Activity Trueup applied in current year,08 -,08 65 Total Revenues before Leases 75,964 7, 4,853 79,64 Leases Needed to Balance Expenses 94,89 04,550 0,36 72,780 Leases Collected 98,552 04,550 (5,998) 73,888 Trueup from Terminal Cost Center activity $4,363 - $4,363 $,08 FY3 Forecast does not reflect the $4.5 million expense increase approved by the Board in May. 3

16 Terminal Cost Summary Actual Budget 2 (Unfavorable) FY 202 Actual Terminal Cost Terminal O&M $64,385 $62,547 ($,839) $62,390 DPS 20,277 9,984 (292) 20,67 Utilities 9,28 0,703,422 0,689 Indirect Expenses 44,67 46,760 2,42 43,786 Terminal Debt Service 29,506 33,265 3,759 2,70 Total Terminal Cost before AA Maintenance Credit $68,066 $73,259 $5,92 $49,652 AA Maintenance Credit 37,896 38,007 36,900 Total Terminal Cost before Terminal Cost Center True Up $205,962 $2,266 $5,303 $86,552 Trueup from Terminal Cost Center (4,363) - 4,363 (,08) Total Terminal Cost $20,600 $2,266 $9,666 $85,444 Shown net of revenues. 2 FY3 Forecast does not reflect the $4.5 million expense increase approved by the Board in May. 4

17 FIS Facility Fees Actual Budget 3 (Unfavorable) FY 202 Actual Total Terminal Cost $84,4 $2,266 $27,24 $84,90 Terminal FIS Cost $84,4 $2,266 $27,24 $84,90 FIS Facility Square Feet 406,89 406, ,89 Total Terminal Square Feet 4,7,64 4,6, ,6,909 FIS Facility Sq Ft/Total Terminal Sq Ft 9.9% 9.9% 0.0% 9.9% FIS Net Facility Cost $8,98 $20,874 $2,675 $8,275 Deplaned Passengers 2,762,943 2,48, ,367 2,448,254 FIS Rate 2 $6.59 $8.63 ($2.04) $7.46 Actual rates, not in 000's. 2 FY3 and FY2 Actual data shown for informational purposes only. The calculated FIS rate in the actual column has no impact on fees owed/paid by airlines. 3 FY3 Forecast does not reflect the $4.5 million expense increase approved by the Board in May. 5

18 DFW Terminal Contribution Actual Budget 2 (Unfavorable) FY 202 Actual DFW Common Use/Vacant Square Footage 38,540 38,826 (286) 56,680 Airline Leaseable Terminal Square Footage,25,749,25,434 34,267,29 DFW % of Square Footage.%.% (0.0%) 2.4% Total Terminal Cost with True up $20,600 $2,266 ($9,666) $85,444 X DFW % of Square Footage.%.% (0.0%) 2.4% DFW Base Rent $22,32 $23,436 ($,24) $22,930 Less: Common Use Revenue,86 9,950 (,866) 9,2 Less: DFW FIS Revenue Share 2,64 2,36 (325) 2,350 Less: DFW Concessions O&M Reimbursement (55) 57 DFW Gross Rent $7,322 $0,69 ($3,370) $0,897 DFW Common/Vacant Space Rent Allocation 80% 80% 0% 80% DFW Terminal Rent Before Credit Addback $5,857 $8,553 ($2,696) $8,78 Plus Adjustments: American Airlines FIC Credit ,860 Terminal E Rent Credit Total DFW Terminal Rent $5,857 $8,553 ($2,696) $4,203 DFW Rent/Common Use Square Foot $42.28 $6.6 ($9.33) $90.65 Actual rates, not in 000's. 2 FY3 Forecast does not reflect the $4.5 million expense increase approved by the Board in May. 6

19 Terminal Leased Square Feet FY Actual Airline Terminal A Terminal B Terminal C Terminal D Terminal E Total % of Total American Airlines 335,487 7,45 295,082 8, , % Alaska 0 4,27 4,27 0.3% Delta 0 42,622 42, % Frontier 0 6,52 6,52 0.5% Spirit 0,85,85 0.9% US Airways 0 24,77 24,77 2.0% United 0 35,02 35,02 2.8% Virgin America 0 4,36 4,36 0.3% Total Airline Leased 335,487 7,45 295,082 8,95 29,30,3, % DFW Common Use 0 6, ,70 7,202 97,38 7.8% Vacant Leasable ,03 20,9 4, % Total Board Responsibility 0 6, ,273 27,32 38,540.% Airline Leasable Terminal Square Feet 335,487 78,36 295, ,88 56,63,25,749 00% 7

20 Terminal Leased Square Feet FY Budget Airline Terminal A Terminal B Terminal C Terminal D Terminal E Total % of Total American Airlines 335,487 7,45 295,082 8, , % Alaska ,27 4,27 0.3% Delta ,622 42, % Frontier ,433 8, % Spirit ,293 9, % US Airways ,77 24,77 2.0% United ,02 35,02 2.8% Virgin America ,36 4,36 0.3% Total Airline Leased 335,487 7,45 295,082 8,95 28,70,2, % DFW Common Use 0 6, ,938 6,874 96, % Vacant Leasable ,62 20,447 42, % Total Board Responsibility 0 6, ,559 27,32 38,826.% Airline Leasable Terminal Square Feet 335,487 78,36 295, ,474 56,03,25,434 00% 8

21 Airline Terminal Rents FY FY 2 FY 202 Terminal Actual Budget Actual A B C D E Total Total (Unfavorable) Total Airline Leased Square Footage 335,487 7,45 295,082 8,95 29,30,3,209,2,609 60,0,449 % Leased by Terminal 30.% 5.4% 26.5% 6.3%.6% 00.0% 00.0% 0.0% 00.0% Total Terminal Cost $20,600 $2,266 $9,666 $85,444 Less: DFW Contribution 5,857 8,553 2,696 8,78 Annual Capital Transfer 20,000 20,000-24,000 Common Use Revenue,86 9,950 (,866) 9,2 FIS Facility Revenue 23,859 20,874 (2,985) 9,007 Catering Fee 4,53 3,792 (72) 3,889 Other Revenue (20) 49 Concessions O&M Reimbursement 4,826 4,320 (506) 4,64 TSA Rent,689,23 (476) 976 Net Terminal Cost Before Credits $28,83 $42,557 $3,726 $4,708 Airline Terminal Rents Before Credits $38,826 $9,838 $34,50 $2,053 $4,965 $28,83 $42,557 $3,726 $4,708 Average Terminal Rate $5.73 $5.73 $5.73 $5.73 $5.73 $5.73 $28.3 $2.40 $03.30 Less Adjustments: AA Terminal A&C Debt Credit ,860 Terminal E Rent Credit AA Maintenance Credit 20,62 7,734 37,896 38,007 () 36,900 Total Airline Rent $8,664 $9,838 $6,45 $2,053 $4,965 $90,934 $04,550 $3,65 $72,323 Actual Airline Rent/Square Foot After Credits $55.63 $5.73 $55.63 $5.73 $5.73 $8.69 FY Forecast $67.86 $28.3 $67.86 $28.3 $28.3 $93.97 (Unfavorable) $2.23 $2.40 $2.23 $2.40 $2.40 $2.28 Actual rates, not in 000's. 2 FY3 Forecast does not reflect the $4.5 million expense increase approved by the Board in May. 9

22 DFW Cost Center Summary Actual Budget (Unfavorable) FY 202 Actual Revenues Commercial Development $36,553 $33,543 $3,00 $34,468 Non-Terminal Concessions,444,292 52,253 Terminal Concessions 62,340 54,33 8,027 54,809 Rental Car Ground Rent 4,658 4, ,274 Rental Car Center % Rent 26,767 23,589 3,79 23,472 Utilities 5,022 4, ,903 Parking 6,092 5, ,84 Taxis and Limos 8,56 7, ,248 Employee Transportation 2,345 2,557 (23) 0,200 DPS Revenue,54,305 (5),52 Other,763,707 57,555 Interest Income,545, ,30 Total Revenues $277,838 $262,239 $5,600 $257,835 Expenses Commercial Development $6,682 $3,809 ($2,873) $3,065 Parking 40,322 4, ,08 Terminal Concessions 4,564 6,60,596 5,32 Taxis and Limos 7,08 7, ,87 Employee Transportation 6,84 7,872,058 7,488 Skylink 2,550 2,249 (30) 22,87 Other (872) (757) Utilities 3,972 5,346,373 4,320 Indirect Expenses 34,86 37,467 2,607 33,837 DPS Expenses 2,368 2,68 (20) 2,875 Debt Service 36,243 36, ,680 Total Expenses $75,268 $79,346 $4,079 $66,933 Net Revenues $02,57 $82,892 $9,679 $90,902 Less: DFW Terminal Contribution 5,857 8,553 2,696 4,203 Net to DFW Capital Fund prior to Threshold Adjustment $96,74 $74,339 $22,374 $76,699 Less Capital Threshold 63,6 63,6-6,500 Activity over base $33,553 $,79 $22,374 $5,99 Allocation to Airfield Cost Center (75%) 25,65 8,384 6,78,399 Allocation to DFW Cost Center (25%) 8,388 2,795 5,594 3,800 Net to DFW Capital Fund After Threshold Adjustment $7,549 $65,955 $5,594 $65,300 FY3 Forecast does not reflect the $4.5 million expense increase approved by the Board in May. 20

23 Indirect Cost Allocation Actual FY Budget FY 2 Actual FY 202 Total Net O & M Indirect Costs $97,223,035 $02,25,028 $93,767,090 Actual FY Cost Center Direct Expenses % of Total Allocation Airfield $52,897,96 8.4% $7,872,988 Terminal 3,839, % 44,545,45 DFW 03,009, % 34,804,596 Total Direct Expenses $287,746,848 $97,223,035 Indirect Cost Rate 33.8% Forecast FY Cost Center Direct Expenses % of Total Allocation Airfield $49,853, % $7,90,772 Terminal 30,33, % 46,752,758 DFW 04,27, % 37,46,499 Total Direct Expenses $284,259,42 $02,25,028 Indirect Cost Rate 35.9% Actual FY 202 Cost Center Direct Expenses % of Total Allocation Airfield $48,334,89 7.3% $6,95,053 Terminal 30,596, % 43,757,442 DFW 00,92, % 33,84,595 Total Direct Expenses $279,852,249 $93,767,090 Indirect Cost Rate 33.5% All Expenses and Allocations are shown net of Indirect Revenues. 2 FY3 Forecast does not reflect the $4.5 million expense increase approved by the Board in May. 2

24 Allocation of Operating and Maintenance Expenses Actuals FY Forecast 2 Actual Department Airfield Terminal DFW Indirect Utilities DPS Total FY (Unfavorable) FY 202 Executive Office $ $ ($2) $3,647 $ $ $3,645 $5,274 $,629 $3,436 Legal Department , ,663 2,235 (429) 3,76 Audit Services Department , ,64 2, ,4 Airport Development & Engineering (344) 58 Human Resources Department , ,3 6, ,049 Procurement & Materials Management Department , ,608 5, ,795 Administration & Diversity Department (30) 520 Risk Management 703, , ,0 8, ,306 Business Development & Diversity Department - - -,43 - -,43, ,27 Treasury Department - - -,48 - -,48,306 58,72 Finance Department , ,85 5,760 (9) 5,505 Information Technology Services Department 35 9,248,434 22, ,02 34, ,285 Public Affairs Department, , ,355 5, ,289 Air Service Development Department 2, ,363 2, ,400 Aviation Real Estate, ,5, ,92 Customer Service Department 20 6, ,086 8, ,808 Marketing Services Department 3, , ,99 8, ,379 Airport Operations Department 4,428 -,845 4, ,320 0, ,349 Energy, Transportation, & Asset Mgmt Department 0,042 44,879 27,260 25,960 3,842-2,984 24,979 2,995 22,426 Department of Public Safety ,499 60,499 59,84 (,35) 60,275 Environmental Affairs Department 4, ,577 5, ,868 Planning Department , ,66 2, ,070 Commercial Development Department - - 2, ,085 2, ,055 Parking Department ,495 () ,494 46, ,882 Concessions Department - - 2, ,97 3, ,725 Total Airport Non Departmental,048,420 2,92,73 (589) (234) 5, (4,92) 5,29 Total Actual Expenses $29,376 $64,385 $87,823 $97,379 $3,253 $60,674 $352,89 $355,836 $2,945 $343,967 Forecast 27,97 62,547 88,064 04,40 4,049 59, ,836 Variance ($,405) ($,839) $24 $6,76 $795 ($,608) $2,945 Represents costs charged to cost center 400 (HVAC), cost center 460 (Water/Sewer), and cost center 465 (Trash). Amounts are allocated based on BTU (HVAC), meter usage (Water/Sewer), and bin locations (Trash). 2 FY3 Forecast does not reflect the $4.5 million expense increase approved by the Board in May. 22

25 Calculation of Joint Revenue Bond Existing Debt Service Actual Budget (Unfavorable) FY 202 Actual Existing Debt Service $245,573 $250,645 $5,072 $24,298 RAC Debt Service 3,37 3,37-4,35 Hotel Debt Service 3,432 3,432 -,02 Gross Debt Service 262, ,448 5, ,75 Offsets: Interest Income (interest & sinking fund) (87) (24) (37) (49) Debt Service 262, ,324 5, ,602 Debt Service Paid By PFC's (37,053) (42,28) (5,075) (38,522) Debt Service Paid By CFC's (9,635) (9,632) 3 (5,929) Net Debt Service After PFC's $05,60 $05,564 ($38) $02,52 25% Debt Coverage 65,572 66,83,259 6,65 Coverage Balance (6,65) (6,544) 06 (58,05) Incremental Coverage for Allocation 3,922 5,287,365 3,545 Net Coverage for Allocation to Cost Centers 3,922 5,287,365 3,545 Net Debt Service After PFC's 05,60 05,564 (38) 02,52 Net Debt Service to be Allocated $09,523 $0,85 $,327 $05,697 Net Debt Service allocated to Airfield Cost Center 65,74 66, ,48 Net Debt Service allocated to Terminal Cost Center 2,048 2,94 46,627 Net Debt Service allocated to DFW Cost Center 3,762 32, ,652 Total Net Debt Service $09,523 $0,85 $,327 $05,697 Refunding of existing debt. 23

26 Caluclation of Joint Revenue Bond New Debt Service Actual Budget Variance New Use Agreement Gross Debt Service $86,699 $57,972 $28,727 Offsets: Capitalized Interest (68,4) (36,846) (3,268) Interest Income (interest & sinking fund) (9) (7) (2) Debt Service 8,566 2,08 (2,542) Debt Service Paid By PFC's Net Debt Service After PFC's $8,566 $2,08 ($2,542) 25% Debt Coverage 4,64 5,277 (636) Coverage Balance (43) (53) Remain Coverage for Allocation 4,499 5,24 (625) Net Coverage for Allocation to Cost Centers 4,499 5,24 (625) Net Debt Service After PFC's and Cap I 8,566 2,08 (2,542) Net Debt Service to be Allocated $23,064 $26,232 ($3,67) Net Debt Service allocated to Airfield Cost Center,24,005 9 Net Debt Service allocated to Terminal Cost Center 7,459 2,072 (3,63) Net Debt Service allocated to DFW Cost Center 4,482 4, Total Net Debt Service $23,064 $26,232 (3,67) 24

27 Joint Revenue Bond Debt Service and Coverage Bond Series Interest Principal Capitalized Interest FY Total Gross Debt Service Forecast (Unfavorable) 2000A $7,36 $7,36 200A ,425 5, A, ,008 3,577, B ,636, C ,204, A 56,470 2,4-68,6 78,698 0, B 5,200,389-6,589 9,087 2, ,804 2,542-7,346 7, A 0,536 28,640-39,77 39,77-200A 5,345-9,254 6,09 7,424,333 20A 3,458 9,94-3,37 3,37-20C 7,339,37-8,476 8,476-20D 0, ,74,74-20E 2,72 2,04-4,276 4, A B 20,774 3,000-33,774 33, C 3,442 $69 6,489 7,57 7, D 23,750-5,9 7,839 8,995,55 202E 4,04 $2,920-7,023 8,658, F 3,355 2,773-6,28 - (6,28) 202G 3,343 2,737-6,080 - (6,080) 202H 9,94-9, ($6) A 7,703-7, $272 B 7,04-6, ($380) C 2,998-2, ($89) D 3, ,26 - (3,26) E, ,005 - (,005) F (4) Gross Debt Service $258,02 $9,055 $68,4 $280,96 $288,573 $7,62 Actual Budget (Unfavorable) FY 202 Actual Existing Debt Service $245,573 $250,645 $5,072 $24,298 New Debt Service 86,699 57,972 (28,727) 22,962 RAC Debt Service 3,37 3,37-4,35 Hotel Debt Service 3,432 3,432 -,02 Gross Debt Service 349, ,420 (23,656) 269,73 Offsets: Capitalized Interest New Debt (68,4) (36,846) 3,268 (22,375) Interest Income (interest & sinking fund) (06) (4) (35) (65) Debt Service 280, ,432 7, ,73 Debt Service Paid By PFC's (37,053) (42,28) (5,075) (38,522) Debt Service Paid By CFC's (9,635) (9,632) 3 (5,929) Net Debt Service After PFC's $24,67 $26,672 $2,505 $02,722 25% Debt Coverage 70,24 72,08,894 6,793 Coverage Balance (6,793) (6,698) 96 (58,05) Incremental Coverage for Allocation 8,420 0,40,990 3,688 Net Coverage for Allocation to DFW Cost Center Net Debt Service After PFC's Net Debt Service to be Allocated 8,420 0,40,990 3,688 24,67 26,672 2,505 02,722 $32,588 $37,083 $4,496 $06,40 Net Debt Service allocated to Airfield Cost Center Net Debt Service allocated to Terminal Cost Center Net Debt Service allocated to DFW Cost Center Total Net Debt Service 66,838 67, ,560 29,506 33,266 3,760 2,70 36,243 36, ,680 $32,588 $37,083 $4,496 $06,40 Refunding of existing debt. 25