Proposed Budget. Yellowstone Regional Airport

Transcription

1 FY 7/1/16-6/30/17 Budget Yellowstone Regional Airport 2101 Roger Sedam Cody, WY (307) Park Budget Hearing Information Location: Cody City Hall Date: 6/21/2016 Time: 7:00 p.m. Budget Prepared by: James W. Reilly, CPA S-1 BUDGET MESSAGE W.S (d) The Budget for the Yellowstone Regional Airport s fiscal year 2017 has some large changes to both revenues and expenses based mostly upon federal and state grants for airport projects. Total Government Support is expected to increase slightly due to additional funds projected to be received from the County. Customer Charges are expected to increase due mainly to an increase in car rental fees collected by the Airport. Total Grants represent the largest change in revenues and have fluctuated between the three years due to federal and state monies received for airport projects. Total Miscellaneous revenues are expected to be about the same as in fiscal year As with revenues, the majority of large changes in expenses are due to the number of airport projects underway in each of the three years. Capital Outlay represents the largest change in expenses with a sharp decrease in the number of projects between 2015 and 2016 and a significant increase in projects underway for the 2017 fiscal year. Administration expenses see a large change between 2015 and 2016 due to how wages were classified on the F-32 for fiscal year Operation expenses decrease so drastically between 2015 and 2016 again due to all wages and payroll expenses being classified as Operation on the 2015 F-32 and subsequently reclassified to their proper distinctions for the 2017 Budget workbook. Indirect Costs changes are again due to the reclassification of payroll expenses. PROPOSED BUDGET SUMMARY OVERVIEW S-1 Total Budgeted Expenditures $3,977,438 $1,267,047 $2,800,320 $2,799,320 S-2 Total Principal to Pay on Debt $0 $0 $0 $0 S-3 Total Change to Restricted Funds $0 $56,862 $26,345 $26,345 S-4 Total General Fund and Forecasted Revenues $4,382,850 $1,461,865 $2,951,214 $2,829,709 S-5 Amount requested from County Commissioners $0 $0 $0 $0 S-6 Additional Funding Needed : $0 $0 REVENUE SUMMARY S-7 Operating Revenues $596,408 $568,424 $626,459 $626,459 S-8 Tax levy (From the County Treasurer) $0 $0 $0 $0 S-9 Government Support $319,552 $326,849 $337,290 $337,290 S-10 Grants $3,183,334 $307,078 $1,775,962 $1,775,962 S-11 Other County Support (Not from Co. Treas.) $0 $0 $0 $0 S-12 Miscellaneous $133,321 $124,366 $123,109 $1,604 S-13 Other Forecasted Revenue $0 $0 $0 $0 S-14 Total Revenue $4,232,615 $1,326,717 $2,862,820 $2,741,315 Revised February 2016

2 FY 7/1/16-6/30/17 EXPENDITURE SUMMARY Yellowstone Regional Airport S-15 Capital Outlay $3,037,856 $433,274 $1,878,156 $1,878,156 S-16 Interest and Fees On Debt $0 $0 $0 $0 S-17 Administration $148,610 $291,440 $285,824 $285,824 S-18 Operations $763,760 $327,199 $396,905 $395,905 S-19 Indirect Costs $27,212 $215,134 $239,435 $239,435 S-20 Total Expenditures $3,977,438 $1,267,047 $2,800,320 $2,799,320 DEBT SUMMARY S-21 Principal Paid on Debt $0 $0 $0 $0 CASH AND INVESTMENTS S-22 TOTAL GENERAL FUNDS $150,235 $135,148 $88,394 $88,394 Summary of Reserve Funds S-23 Beginning Balance in Reserve Accounts S-24 a. Depreciation Reserve $0 $0 $0 $0 S-25 b. Other Reserve $273,799 $273,799 $325,766 $325,766 S-26 c. Emergency Reserve (Cash) $92,357 $92,357 $97,252 $97,252 S-27 Amount to be added Total Reserves (a+b+c) $366,156 $366,156 $423,018 $423,018 S-28 a. Depreciation Reserve $0 $0 $0 $0 S-29 b. Other Reserve $0 $126,862 $13,604 $13,604 S-30 c. Emergency Reserve (Cash) $0 $17,500 $17,500 $17,500 Total to be added (a+b+c) $0 $144,362 $31,104 $31,104 S-31 Subtotal $366,156 $510,518 $454,122 $454,122 S-32 Less Total to be spent $0 $87,500 $4,759 $4,759 S-33 TOTAL RESERVES AT END OF FISCAL YEAR $366,156 $423,018 $449,363 $449,363 End of Summary Bob Hooper Budget Officer / District Official (if not same as "Submitted by") Date adopted by Special District 6/21/2016 DISTRICT ADDRESS: 2101 Roger Sedam Cody, WY PREPARED BY: James W. Reilly, CPA DISTRICT PHONE: (307) Prepared in compliance with the Uniform Municipal Fiscal Procedures Act (W.S through 124) as it applies. Form approved by Wyoming Department of Audit, Public Funds Division Revised February 2016

3 Budget Yellowstone Regional Airport NAME OF DISTRICT/BOARD PROPERTY TAXES AND ASSESSMENTS R-1 Property Taxes and Assessments Received R-1.1 Tax Levy (From the County Treasurer) R-1.2 Other County Support FORECASTED REVENUE R-2 Revenues from Other Governments R-2.1 R-2.2 State Aid Additional County Aid (non-treasurer) $121,846 $131,726 $128,916 $128,916 R-2.3 City (or Town) Aid $197,706 $195,123 $208,374 $208,374 R-2.4 R-2.5 Total Government Support $319,552 $326,849 $337,290 $337,290 R-3 Operating Revenues R-3.1 Customer Charges $596,408 $568,424 $626,459 $626,459 R-3.2 R-3.3 Sales of Goods or Services Other Assessments R-3.4 Total Operating Revenues $596,408 $568,424 $626,459 $626,459 R-4 Grants R-4.1 Direct Federal Grants $2,997,736 $236,127 $1,455,063 $1,455,063 R-4.2 Federal Grants thru State Agencies R-4.3 Grants from State Agencies $185,598 $70,951 $320,899 $320,899 R-4.4 Total Grants $3,183,334 $307,078 $1,775,962 $1,775,962 R-5 Miscellaneous Revenue R-5.1 Interest $1,703 $1,663 $1,604 $1,604 R-5.2 Other: Specify Miscellaneous $5,116 $1,634 $0 R-5.3 Other: See Additional $126,502 $121,069 $121,505 R-5.4 Total Miscellaneous $133,321 $124,366 $123,109 $1,604 R-5.5 Total Forecasted Revenue $4,232,615 $1,326,717 $2,862,820 $2,741,315 R-6 Other Forecasted Revenue R-6.1 a. Other past due-as estimated by Co. Treas. R-6.2 b. Other forecasted revenue (specify): R-6.3 R-6.4 R-6.5 R-6.6 Total Other Forecasted Revenue (a+b) $0 $0 $0 $0

4 NAME OF DISTRICT/BOARD Budget CAPITAL OUTLAY BUDGET E-1 E-1.1 Real Property $2,996,461 $344,446 $1,833,667 $1,833,667 E-1.2 Vehicles $41,395 $88,828 $44,489 $44,489 E-1.3 Office Equipment E-1.4 E-1.5 E-1.6 E-1.7 Capital Outlay E-1.8 TOTAL CAPITAL OUTLAY $3,037,856 $433,274 $1,878,156 $1,878,156 E-2 ADMINISTRATION BUDGET E-2.1 Administrator $0 $77,183 $78,000 $78,000 E-2.2 Secretary $0 $29,725 $30,000 $30,000 E-2.3 Clerical $0 $51,040 $52,000 $52,000 E-2.4 E-2.5 E-2.6 E-2.7 E-3 Board Expenses E-3.1 Travel E-3.2 Mileage E-3.3 E-3.4 Meetings $7,596 $9,556 $5,900 $5,900 E-4 E-3.5 E-3.6 E-4.1 Contractual Services Legal E-4.2 Accounting/Auditing $13,655 $14,374 $13,500 $13,500 E-4.3 E-4.4 Utility purchase $94,088 $84,616 $88,329 $88,329 E-4.5 Admin contingencies $6,671 E-4.6 Personnel Services E-5 Other Administrative Expenses E-5.1 Office Supplies $2,689 $10,679 $3,400 $3,400 E-5.2 Office equipment, rent & repair $2,654 $4,325 $4,000 $4,000 E-5.3 Education $1,710 $1,710 E-5.4 Registrations $1,957 $170 $200 $200 E-5.5 E-5.6 Property taxes $4,317 $3,235 $3,285 $3,285 E-5.7 Professional develop $5,885 $6,537 $5,500 $5,500 E-5.8 see additional details $9,098 E-6 TOTAL ADMINISTRATION $148,610 $291,440 $285,824 $285,824

5 Budget OPERATIONS BUDGET E-7 E-7.1 Wages--Operations $630,489 $264,352 $336,017 $336,017 E-7.2 Service Contracts E-7.3 E-7.4 E-7.5 E-7.6 E-8 Travel E-8.1 E-8.2 E-8.3 E-8.4 Mileage E-8.5 E-9 E-9.1 Operating supplies (List) Fire supplies $2,839 $3,004 $1,200 $1,200 E-9.2 Pesticides $1,963 $2,617 $2,500 $2,500 E-9.3 Janitorial $7,986 $6,791 $5,250 $5,250 E-9.4 De-icing chemical $2,187 $0 $2,500 $2,500 E-9.5 see additional details $1,343 $1,000 E-10 E-10.1 Program Services (List) Promotion $826 $1,181 $3,200 $3,200 E-10.2 E-10.3 E-10.4 E-10.5 E-11 Contractual Arrangements (List) E-11.1 E-11.2 E-11.3 E-11.4 E-11.5 E-12 Other operations (Specify) E-12.1 Repairs and maint $103,168 $29,601 $31,278 $31,278 E-12.2 ARFF $9,610 $8,070 $10,900 $10,900 E-12.3 Safety $4,692 $10,240 $3,060 $3,060 E-12.4 E-12.5 Personnel Services E-13 TOTAL OPERATIONS $763,760 $327,199 $396,905 $395,905

6 Budget INDIRECT COSTS BUDGET E-14 Insurance E-14.1 Liability $27,212 $23,423 $24,060 $24,060 E-14.2 Buildings and vehicles E-14.3 Equipment E-14.4 E-14.5 E-14.6 E-14.7 E-15 Indirect payroll costs: E-15.1 FICA (Social Security) taxes $0 $31,932 $34,289 $34,289 E-15.2 Workers Compensation $0 $6,045 $6,596 $6,596 E-15.3 Unemployment Taxes E-15.4 Retirement $0 $35,626 $40,887 $40,887 E-15.5 Health Insurance $0 $111,608 $123,203 $123,203 E-15.6 E-15.7 Health Savings Account $0 $6,500 $10,400 $10,400 E-15.8 E-15.9 E-16 Depreciation Expenses E-17 TOTAL INDIRECT COSTS $27,212 $215,134 $239,435 $239,435 D-1 DEBT SERVICE BUDGET D-1.1 D-1.2 D-1.3 Debt Service Principal Interest Fees D-2 TOTAL DEBT SERVICE $0 $0 $0 $0

7 NAME OF DISTRICT/BOARD Budget GENERAL FUNDS C-1 Balances at Beginning of Fiscal Year C-1.1 C-1.2 C-1.3 C-1.4 General Fund Checking Account Balance Savings and Investments Account Balance General Fund CD Balance All Other Funds $150,235 $135,148 $88,394 $88,394 C-1.5 Reserves (From Below) $366,156 $423,018 $449,363 $449,363 C-1.6 Total Cash and Investments on Hand $516,391 $558,166 $537,757 $537,757 C-2 General Fund Reductions: C-2.1 a. Unpaid bills at FYE C-2.2 b. Reserves $366,156 $423,018 $449,363 $449,363 C-2.3 Total Deductions (a+b) $366,156 $423,018 $449,363 $449,363 C-2.4 Non-Restricted Funds Available $150,235 $135,148 $88,394 $88,394 DEPRECIATION RESERVE (CAPITAL OUTLAY - REPLACEMENT) C-3 C-3.1 C-3.2 C-3.3 C-3.4 Beginning Balance in Reserve Account (end of previous year) Date of Reserve in Minutes: Amount to be added to the reserve Date of Reserve in Minutes: C-3.5 SUB-TOTAL $0 $0 $0 $0 C-3.6 C-3.7 Identify the amount to be spent from "Reserve for Capital Outlay" a. C-3.8 b. C-3.9 c. C-3.10 C-3.11 Date of Reserve in Minutes: TOTAL CAPITAL OUTLAY (a+b+c) $0 $0 $0 $0 C-3.12 Balance to be retained in Depreciation Reserve Account $0 $0 $0 $0 OTHER RESTRICTED FUND BALANCES - RESERVE (LEGALLY ENFORCED) C-4 C-4.1 Beginning Balance in Reserve Account (end of previous year) $273,799 $273,799 $325,766 $325,766 C-4.2 Date of Reserve in Minutes: 1/1/1995 C-4.3 Amount to be added to the reserve $126,862 $13,604 $13,604 C-4.4 Date of Reserve in Minutes: 5/1/2013 C-4.5 SUB-TOTAL Identify the amount and project to be spent from $273,799 $400,661 $339,370 $339,370 C-4.6 C-4.7 "Other Reserves" a. Expand Apron $72,568 C-4.8 b. ARFF Fire Suits $2,327 C-4.9 c. C-4.10 C-4.11 Date of Reserve in Minutes: TOTAL OTHER RESERVE OUTLAY (a+b+c) $0 $74,895 $0 $0 C-4.12 Balance to be retained in Other Reserve Account $273,799 $325,766 $339,370 $339,370 ASSIGNED FUND BALANCE (EMERGENCY RESERVE - NOT COMMITTED) C-5 C-5.1 Beginning Balance in Reserve Account (end of previous year) $92,357 $92,357 $97,252 $97,252 C-5.2 Date of Reserve in Minutes: 1/1/1995 C-5.3 Amount to be added to the reserve $17,500 $17,500 $17,500 C-5.4 Date of Reserve in Minutes: 1/1/1995 C-5.5 SUB-TOTAL $92,357 $109,857 $114,752 $114,752 C-5.6 Amount to be spent from Emergency Reserve (Cash) $12,605 $4,759 $4,759 C-5.7 Date of Reserve in Minutes: 11/7/2015 C-5.8 Balance to be retained in Assigned Fund Balance $92,357 $97,252 $109,993 $109,993 C-5.9 TOTAL TO BE SPENT $0 $87,500 $4,759 $4,759