Niagara District Airport Commission is pleased to present : Presented by: Terry Flynn Airport Commission Treasurer

Transcription

1 Niagara District Airport Commission is pleased to present : Presented by: Terry Flynn Airport Commission Treasurer

2 Steps: July/August 2013 Establish the Fixed Asset Management Program August 2013 Establish the Working Capital Expenditure 10 year projection September 19 Presented Fixed Asset Management program, Working Capital Expenditure 10 year projection to the Airport Commission October 10 Presented Capital and Operating Budget to the Airport Commission for Approval October 15 Approved Capital and Operating Budget presentation to the Airport Liaison Committee October 21 Presentation of Capital and Operating Budget to City of St. Catharines and the Town of Niagara on the Lake Councils October 22 - Presentation of Capital and Operating Budget to the City of Niagara Falls Council

3 Improvements to the Capital Budget Process: Year 2014 working with new Financial Management System: Fixed Asset Management Program Working Capital Expenditure 10 year projection Improved Operating Budget Layout

4 It is respectfully recommended: 2014 Proposed Capital Budget: $355,000 Capital Forecast 2015 to 2024: $1,941, Proposed Operating Budget: $287,000 One-Time for Airport Planner: $130,000

5 Capital Project Status Report: Transparency: Outstanding/Upcoming Projects 9 projects to be completed in projects from

6 Proposed 2014 Working Capital Expenditure: $355,000 consists of 9 projects Niagara District Airport Commission 2014 Capital Expenditures $146,000 $40,000 $169,000 Equipment Costs Groundside Costs Airside Cost

7 Proposed 2014 Capital Projects: 2014 Capital Projects Budget % Ride on Mower 4 x 4 $20, % Airside Mower - Bat Wing 45, % Truck with Plow 104, % NDA Sign on Hwy , % Rwy. 11/29 Assessment 20, % Rwy. 11/29, 01/19 Cracksealing 70, % Paving South of East Apron 20, % Paving - Tie-Downs 26, % Airfield Sign Re-location 10, % Total $355, %

8 Proposed Capital Forecast: $1,974,000 and 22 projects Niagara District Airport Comission Capital Expenditures $266,000 $1,399,000 $276,000 Equipment Costs Groundside Costs Airside Cost

9 Proposed Capital Forecast: 2015 to 2024 Capital Projection Budget % CRFI Decelerometer $7, % Line Painter 11, % Small Sweeper for JD Tractor 11, % Boss Snow Plow - Staff 54 10, % Generator for FEC 55, % Maintenance Pick Up Truck 55, % John Deere Tractor 36, % Sweeper Attachment 81, % Wooden Garbage Bin Enclosure 11, % Genaire HVAC System 25, % Maintenance Garage Doors 19, % Airport Entrance 95, % Office /Terminal Furniture 44, % Office Equipment 34, % Hydro/poles to Genaire 48, % Rwy 11/29 Assessment and paving 660, % Taxi Access - East of Tower 44, % Taxiway D 14, % SCFC Apron 226, % Apron - East Apron 71, % Airside Paintlines 334, % Firelane - Genaire 50, % Total $1,941, %

10 2014 Operating Budget: Niagara District Airport Commission Draft Operating Budget For the year 2014 YTD August Projected Budget Budget Operating Revenue Operating Revenues 175, , , ,400 Municipal Contibutions -Operations 271, , , ,000 Municipal Contribution - Capital ,000 Total Operating Revenue 446, , , ,400 Operating Expenditures Payroll Expenses 175, , , ,000 All Other Operating Expenditures 137, , , ,400 Debt Charges 54,500 54,500 54,500 53,000 Transfer to Capital Reserve ,000 Total Operating Expenditures 366, , , ,400 Net Revenue Over Expenditures 80,000 4,900-5,400 0

11 Contribution to achieve Capital Budget and Forecast: Capital Contribution Municipality Population Contribution Per Capita Cost Niagara Falls 82,184 $148, St. Catharines 124,091 $224, Niagara-on-the-Lake 14,581 $26, ,856 $400, $ $26,408 $224,746 $148,846 Niagara Falls St. Catharines Niagara-on-the-Lake

12 Municipal Contribution to support 2014 Operating Budget (2% increase): Operating Contribution Municipality Population Contribution Per Capita Cost Niagara Falls 82,184 $106, St. Catharines 124,091 $161, Niagara-on-the-Lake 14,581 $18, ,856 $287, $ $161,255 $18,948 $106,797 Niagara Falls St. Catharines Niagara-on-the- Lake

13 One-Time Airport Planner: Develop future infrastructure plan to accommodate international flights Develop an Airport Master Plan Southwest Aviation Development Plan Potential cost savings by hiring 1 planner for 3 projects

14 One-Time Municipal Contribution to Support Airport Planner: One-Time Assistance for Airport Planner Municipality Population Contribution Per Capita Cost Niagara Falls 82,184 $48, St. Catharines 124,091 $73, Niagara-on-the-Lake 14,581 $8, ,856 $130, $ $8,583 $73,042 $48,375 Niagara Falls St. Catharines Niagara-on-the-Lake

15 Continuity Schedule for Capital Reserve: Opening Balance $0 $45,000 $231,000 $455,000 $92,000 $319,000 Capital Contribution $400,000 $400,000 $400,000 $400,000 $400,000 $400,000 Capital Projects ($355,000) ($214,000) ($176,000) ($763,000) ($173,000) ($123,000) Ending Balance $45,000 $231,000 $455,000 $92,000 $319,000 $596, Opening Balance $596,000 $996,000 $1,341,000 $1,697,000 $1,974,000 Capital Contribution $400,000 $400,000 $400,000 $400,000 $400,000 Capital Projects $0 ($55,000) ($44,000) ($123,000) ($270,000) Ending Balance $996,000 $1,341,000 $1,697,000 $1,974,000 $2,104,000

16 2025 to 2035 Capital Projection Budget % Taxiway Alpha 525, % Taxiway Bravo 209, % Taxiway Charlie 2,350, % Runway ,620, % Runway , % Taxi Access - (former Twy. C) 68, % Terminal Apron 1,640, % Concrete Tie-Down Pad (SCFC) 45, % Gates and Control Systems 258, % Wiring and Piping - Electrical 1,730, % FEC Power and Control System 48, % Parking Lot (Terminal Building) 180, % Parking Lot (behind Allied Aviation) 72, % Hangar Line Road 745, % Hydrants 34, % Terminal HVAC System 92, % John Deere Tractor 304, % Metalpless Extendmax Plow 41, % Total 12,587, %

17 It is respectfully recommended: 2014 Proposed Capital Budget: $355,000 Capital Forecast 2015 to 2024: $1,941, Proposed Operating Budget $287,000 One-Time for Airport Planner: $130,000 Niagara Falls Contribution: 2014 Contribution One-Time Assistance for Airport Planner 48, Capital Contribution 148, Operating Contribution 106, ,018.59

18 It is respectfully recommended: 2014 Proposed Capital Budget: $355,000 Capital Forecast 2015 to 2024: $1,941, Proposed Operating Budget $287,000 One-Time for Airport Planner: $130,000 St. Catharines Contribution: 2014 Contribution One-Time Assistance for Airport Planner 73, Capital Contribution 224, Operating Contribution 161, ,042.76

19 It is respectfully recommended: 2014 Proposed Capital Budget: $355,000 Capital Forecast 2015 to 2024: $1,941, Proposed Operating Budget $287,000 One-Time for Airport Planner: $130,000 Niagara-on-the-Lake Contribution: 2014 Contribution One-Time Assistance for Airport Planner 8, Capital Contribution 26, Operating Contribution 18, ,938.66

20 Questions? Comments?