THE VIRGIN ISLANDS PORT AUTHORITY FISCAL YEAR 2019 OPERATING AND CAPITAL BUDGET

Transcription

1 THE VIRGIN ISLANDS PORT AUTHORITY FISCAL YEAR 2019 OPERATING AND CAPITAL BUDGET

2 Schedule-1 Virgin Islands Port Authority Statement of Revenues, Expenses and Change in Net Assets For the Fiscal Year Ended September 30, 2019 Aviation $ 18,259,408 Marine 30,395,533 Operating Revenues $ 48,654,941 Operating Expenses Payroll Expenses $ 27,372,327 Maintenance Expenses $ 2,551,000 Materials & Supplies $ 1,322,300 Utilities $ 6,156,449 Professional & Other Services $ 4,959,000 Travel & Other Expenses $ 594,500 Insurance $ 4,027,506 Depreciation Expense $ 19,144,255 Depreciation Expense Allocated $ - Other Expenses $ 1,210,500 Admin & Gen Allocation $ - Operating Expenses $ 67,337,837 Operating Profit (Loss) $ (18,682,896) Non-operating Revenues (Expenses) Passenger Facilities Charges (PFC) $ 1,103,375 Customer Facilities Charges (CFC) $ 274,134 Other Income $ 238,880 Interest Expense $ (1,988,250) Non-operating Revenues (Expenses), net $ (371,861) Capital Grant Contributions $ 25,021,253 Government Grants $ 500,000 Change in Net Assets $ 6,466,496

3 Schedule-1a Virgin Islands Port Authority Schedule of Revenues, Expenses and Changes in Net Assets - Aviation Marine and Support For the Fiscal Year Ended September 30, 2019 Operating Revenues Lin Aviation Marine Admin & Gen FY 2019 Operating Revenues and Expenses Aviation Marine Support Combined 1 Aviation $ 18,259,408 $ 18,259,408 2 Marine $ 30,395,533 30,395,533 3 Operating Revenues $ 18,259,408 $ 30,395,533 $ - $ 48,654,941 Operating Expenses 4 Payroll Expenses 5,951,511 7,330,182 14,090,634 $ 27,372,327 5 Maintenance Expenses 1,612, , ,000 2,551,000 6 Materials & Supplies 540, , ,500 1,322,300 7 Utilities 3,796,174 1,784, ,916 6,156,449 8 Professional & Other Services 1,467,000 1,990,000 1,502,000 4,959,000 9 Travel & Other Expenses 183,000 63, , , Insurance 1,872,977 1,900, ,633 4,027, Depreciation Expense 12,667,792 5,800, ,717 19,144, Depreciation Expense Allocated 466, ,472 (675,717) - 13 Other Expenses 278, , ,000 1,210, Admin & Gen Allocation 9,464,307 8,392,876 (17,857,183) - 15 Operating Expenses $ 38,299,806 $ 29,038,031 $ - $ 67,337, Operating Profit (Loss) $ (20,040,398) $ 1,357,502 $ - $ (18,682,896) Non-operating Revenues (Expenses) 17 Passenger Facilities Charges (PFC) $ 1,103,375 $ 1,103, Customer Facilities Charges (CFC) 274, , Other Income 238, , Interest Expense - (1,988,250) (1,988,250) 21 Non-operating Revenues (Expenses), net $ 1,616,389 -$ 1,988,250 -$ 371, Capital Grant Contributions 11,688,253 13,333,000 25,021, Government Grants 0 500, , Change in Net Assets $ (6,735,756) $ 13,202,252 $ 6,466,496

4 Schedule-2 Cash Flow Virgin Islands Port Authority Statement of Cash Sources and Uses For the Fiscal Year Ended September 30, 2019 Aviation Marine Admin & Gen Combined Internal Cash Sources: Operating Revenues $ 18,259,408 $ 30,395,533 $ - $ 48,654,941 Operating Expenses Excl. Depreciation (25,165,769) (23,027,813) - (48,193,582) Net Cash From Operating Revenue $ (6,906,361) $ 7,367,720 $ - $ 461,359 Long Term Debt P & I - (4,553,250) - (4,553,250) Renewal & Replacement Reserve Revenue Available for Capital Expenditure $ (6,906,361) $ 2,814,470 $ - $ (4,091,891) Cash on Hand-Insurance Business Recovery 10,763,428 2,631,637 13,395,065 Cash on Hand-Renewal and Replacement - 120, ,937 Internal Cash Transfer PFCs - New 1,103, ,103,375 CFCs - New 274, ,134 PFCs - Restricted Cash on Hand 7,940, ,940,272 CFCs - Restricted Cash on Hand 106, ,660 Available for Internally Funded Capital Budget $ 13,281,508 $ 5,567,044 $ - $ 18,848,552 Revenue Funded Capital Expenditure (3,703,632) (5,310,042) (9,013,674) PFC Funded Capital Expenditure (9,043,647) - - (9,043,647) CFC Funded Capital Expenditure (380,794) - - (380,794) Renewal and Replacement Capital Expenditure - (120,937) - (120,937) Admin & Gen Capital Budget Allocated (153,435) (136,065) - (289,500) Internal Cash Over (Short) $ - $ - $ - $ - External Cash Flow Capital Grant Contributions - New - 13,333,000-13,333,000 Capital Grant Contributions - FAA Approved 11,688, ,688,253 Debt Funded Marine Projects - 11,216,601-11,216,601 Government Grants - 500, ,000 External Cash Sources $ 11,688,253 $ 25,049,601 $ - $ 36,737,854 Grant Funded Capital Projects -New - (13,333,000) - (13,333,000) Grant Funded Capital Projects -FAA Approved (11,688,253) - - (11,688,253) Debt Funded Marine Capital Projects - (11,216,601) - (11,216,601) Government Grants - (500,000) - (500,000) External Cash Over (Short) $ - $ - $ - $ -

5 VI Port Authority FY 2019 Budget Operating Expense Summary Schedule-3 Lin C/C Employee Pmts Severance Overtime Other Fringe Benefits Lump Sum Personnel Costs Maintenance Mat'l & Supplies Utilities Prof & Other Svce Travel & Other Insurance Other Accounting STT 482, , ,039 9, ,103 25,000 10,000 1,893 4,000 4,000 1, , Accounting STX 37, ,504 1,315 64, , Admin & Finance STT 322, , ,846 20,000 9,000 14, ,000 34,000 6,605 80,000 1,151, Admin & Finance STX ARFF STT 816, , ,886 18,373 1,419,764 73,000 53,000 79,510 80,000 77,000 32, ,814, ARFF STX 717, , ,223 14,384 1,217,836 70,000 65,000 38,165 80,000 77,000 16, ,564, Aviation STT 941,893 90,000 50, ,739 21,543 1,619, , ,000 2,458, ,000 16,000 1,217, ,000 7,376, Aviation STX 633, , ,539 17,893 1,117, , ,000 1,217, ,000 7, ,940 3,000 4,152, Bournefield , , , , Crown Bay 458, , ,629 8, , ,000 70,000 1,022, ,000 8, , ,514, Engineering STT 389, , ,308 7, ,118 6,000 10,000 3,044 20,000 15,000 7, , Engineering STX 230, ,079 1, ,109 10,000 8,000 14,729 7,000 10,000 3, , Executive STT 349, ,095 1, ,166 47,000 45, , ,000 56,000 39,262 5,000 1,521, Executive STX 307, ,749 1, ,204 15,000 15,000 33,959 13,000 22,000 7, , Gov Board 81, , , ,000 1,017 45,000 70,000 10, , Human Resources STT 224,063 70, , ,339 4,500 5,000 3,295 17,000 10,000 4, , Human Resources STX 80, , , , IT 189, ,837 1, , ,000 22,000 8, ,000 20, , , Legal 305, , ,065 1,000 6,000 5,888 28,000 25,000 3, , Maintenance STT 1,436, , ,113 41,492 2,449,284 30,000 40,000 32,281 12, , ,602, Maintenance STX 848, , ,242 23,468 1,424,512 40,000 40,000 19,895 8,000 10,000 27, ,570, Marine STT 2,655,543 90, ,000 1,273,173 39,950 4,708, , , ,150 1,200,000 35, , ,000 8,630, Marine STX 1,131, , , ,910, ,000 58, , ,000 20, ,256 20,000 3,489, Parking Lot STT 179, , ,563 4, ,858 30,000 39,000 2,069 20,000 3, , Parking Lot STX 155, , ,308 4, ,493 35,000 12, ,000 3, , Police STT 1,218, , , ,364 2,389,662 27,000 52,000 7,778 40,000 15,000 51, ,582, Police STX 715, , , ,369 1,376,143 18,000 45,000 5,149 25,000 10,000 30, ,510, Property Management STT 202, ,537 1, ,672 5,000 3,500 3,686 12,000 10,000 4, , Property Management STX 67, , ,069 1,000 1,000 2,620 5,000 3,500 1, , Public Relations 120, , ,083 2,000 5,000 3,230 70,000 12,000 2,559 55, , Purchasing STT 152, , ,328 10,000 5,000 3,740 4, , , Purchasing STX 157, ,774 3, ,850 9,500 5,000 24,084 2, , , Safety & Security STT 368, , ,417 9, ,001 8,000 48,000 1, , , Safety & Security STX 199, , ,620 6, ,705 4,000 12, ,000 15, , Operating Expenses 16,179, ,000 1,422,700 8,691, ,056 27,372,326 2,551,000 1,322,300 6,156,449 4,959, ,500 4,027,507 1,210,500 48,193, Aviation 3,444,740 90, ,900 2,070,258 80,613 5,951,511 1,612, ,800 3,796,175 1,467, ,000 1,872, ,000 15,701, Marine 4,245,591 90, ,000 2,012,544 48,047 7,330, , ,000 1,784,359 1,990,000 63,000 1,900, ,500 14,634, Admin & Gen 8,489,371 70, ,800 4,609, ,396 14,090, , , ,915 1,502, , , ,000 17,857, Operating Expenses 16,179, ,000 1,422,700 8,691, ,056 27,372,326 2,551,000 1,322,300 6,156,449 4,959, ,500 4,027,507 1,210,500 48,193,582 Operating

6 Schedule-4 VIPA FY2019 Budget 5-Year Revenue & Expense Summary Aviation FY2019 Bdgt FY2018 Est FY2017 Est FY2016 Act FY2015 Act FY2014 Act User Fees & Charges 2,810,112 2,709,749 4,233,950 3,576,170 3,500,972 3,332,008 Rental Charges 6,211,887 6,192,167 6,745,788 6,826,103 6,435,778 6,086,039 Commission & Fees 9,237,409 7,271,334 13,783,086 14,271,186 13,755,841 13,038,239 Operating Revenues 18,259,408 16,173,250 24,762,824 24,673,458 23,692,591 22,456,286 Payroll, Taxes & Benefits 5,951,511 5,480,403 5,558,959 5,512,936 5,446,076 5,893,589 Maintenance 1,612,000 1,006,917 1,771,317 1,524,810 1,844,492 2,232,455 Materials & Supplies 540, , , , , ,624 Utilities 3,796,174 3,277,933 3,273,406 3,122,796 5,255,122 5,828,918 Professional & Other Services 1,467,000 1,262,060 1,190,455 1,376, ,831 1,877,190 Travel & Other 183, , , , , ,297 Insurance 1,872,977 1,190,656 1,129,757 1,190,656 1,337,227 1,710,996 Depreciation 12,667,792 10,707,836 12,667,604 10,707,836 10,429,686 11,073,731 Other Expense 278, , , ,770 3, ,136 Operating Expenses 28,369,254 23,887,596 26,675,787 24,090,776 25,918,509 28,663,664 VIPA FY2019 Budget 5-Year Revenue & Expense Summary Marine FY2019 Bdgt FY2018 Est FY2017 Est FY2016 Act FY2015 Act FY2014 Act Rental Charges 5,731,002 5,576,762 6,131,905 6,342,223 6,121,769 5,829,163 Commmission & Fees 119, , ,197 1,073,072 1,067, ,577 Marine Fees 24,544,885 20,249,424 24,484,724 23,976,522 22,729,548 22,455,938 Operating Revenues 30,395,533 25,949,993 31,000,826 31,391,817 29,918,813 28,924,678 Payroll, Taxes & Benefits 7,330,182 7,119,103 7,119,250 7,100,653 6,051,934 5,974,375 Maintenance 466, , , , , ,253 Materials & Supplies 388, , , , , ,849 Utilities 1,784,359 1,614,643 1,598,613 1,603,363 1,839,780 2,348,369 Professional & Other Services 1,990,000 2,270,149 2,086,245 2,180,896 2,266,987 2,182,068 Travel & Other 63,000 37,806 25,886 43,012 93,218 91,416 Insurance 1,900,896 1,256,282 1,213,002 1,256,282 1,356,005 1,838,169 Depreciation 5,800,746 6,236,868 5,800,936 6,236,868 6,077,951 7,690,145 Other Expense 712,500 1,297,500 1,761,038 2,481, , ,946 Operating Expenses 20,435,683 20,719,052 20,447,588 21,818,736 19,523,706 21,611,590

7 Schedule-4 VIPA FY2019 Budget 5-Year Revenue & Expense Summary Support Services FY2019 Bdgt FY2018 Est FY2017 Est FY2016 Act FY2015 Act FY2014 Act User Fees & Charges 0 0 Rental Charges 0 0 Other Revenues 0 0 Operating Revenues 0 0 Payroll, Taxes & Benefits 14,090,634 8,598,581 11,439,440 11,605,087 11,216,524 10,647,117 Maintenance 473, , , , , ,496 Materials & Supplies 393, , , , , ,782 Utilities 575, , , , , ,949 Professional & Other Services 1,502,000 1,466,668 1,129,780 1,490,473 1,639,742 1,817,502 Travel & Other 348, , , , , ,074 Insurance 253, , , , , ,562 Depreciation 675, , , , , ,322 Other Expense 220, , , , , ,357 Operating Expenses 18,532,900 12,635,348 15,408,046 15,720,397 16,241,114 15,766,161 VIPA FY2019 Budget 5-Year Revenue & Expense Summary All Divisions FY2019 Bdgt FY2018 Est FY2017 Est FY2016 Act FY2015 Act FY2014 Act Aviation 18,259,408 16,173,250 24,762,824 24,673,458 23,692,591 22,456,286 Marine 30,395,533 25,949,993 31,000,826 31,391,817 29,918,813 28,924,678 Operating Revenues 48,654,941 42,123,243 55,763,650 56,065,275 53,611,404 51,380,964 Payroll, Taxes & Benefits 27,372,327 21,198,087 24,117,649 24,218,676 22,714,534 22,515,081 Maintenance 2,551,000 1,937,360 2,729,079 2,610,477 3,359,835 3,774,204 Materials & Supplies 1,322,300 1,074,867 1,090,971 1,054,802 1,754,444 1,446,255 Utilities 6,156,449 5,431,946 5,557,327 5,174,163 7,591,389 8,778,236 Professional & Other Services 4,959,000 4,998,877 4,406,480 5,047,952 4,800,560 5,876,760 Travel & Other 594, , , , , ,787 Insurance 4,027,506 2,679,051 2,567,047 2,679,050 3,067,842 3,825,727 Depreciation 19,144,255 17,587,399 19,145,134 17,587,494 17,178,724 19,239,198 Other Expense 1,210,500 1,930,500 2,443,319 2,793, ,361-22,833 Operating Expenses 67,337,837 57,241,996 62,531,421 61,629,908 61,683,329 66,041,415

8 Virgin Islands Port Authority Aviation Revenue Detail For Fiscal Years Ending September 30 th Schedule Budget 2018 Proj Estimate 2016 Actuals 2015 Actuals 2014 Actuals ST. THOMAS Landing Fees $ 2,186,392 $ 1,958,352 $ 3,394,950 $ 2,837,677 $ 2,817,171 $ 2,714,301 Rental Income Terminal Building/Cargo 4,501,090 4,501,090 4,683,707 $ 4,509,360 4,376,111 4,407,592 Airfield 13,200 13,200 13,200 $ 1,823 3,223 - Bournefield 155, , , , , ,766 Non-Aeronautical 327, , , , , ,444 Terminal Use & Commissions Terminal Building/Cargo 6,715,233 4,578,332 10,766,799 $ 11,138,107 10,492,927 9,862,030 Airfield , ,730 Non-Aeronautical 1,462 1,942 8,471 82, , ,094 Operating Revenues 13,899,826 11,522,152 19,478,443 19,198,818 18,712,011 17,919,958 Management Fees 170, , ,990 97, , ,103 Terminal Building 25,870 24,446 60,161 15,550 31,879 22,926 Bournefield 3,895 3,895 11,132 12,291 19,502 22,820 Airfield 1,609 1,608 3,370 2, ,898 Other Revenues 201, , , , , ,746 Passenger Facility Charges 1,103,375 1,103,375 2,836,205 2,882,826 2,794,482 2,727,748 Customer Facility Charges 274, , , , , ,114 FAA Grants 1/ 6,342,863 1,808,442 1,693,148 1,062,283 3,608,846 8,218,595 TOTAL - STT $ 21,821,706 $ 14,908,186 $ 24,767,913 $ 23,734,087 $ 25,807,983 $ 29,571,161 ST. CROIX Landing Fees 623, ,397 $839,000 $ 738,493 $ 683,801 $ 617,707 Rental Income Terminal Building/Cargo 1,037,658 1,031,151 $1,260,075 $ 1,505,214 1,177,118 1,077,964 Airfield 3,645 3,645 3,645 $ 1,823 13,367 - Non-Aeronautical 173, , , , , ,273 Terminal Use & Commissions Terminal Building/Cargo 2,520,714 2,691,060 2,993,583 $ 3,050,139 2,805,188 2,643,216 Airfield ,233 $ - 122,633 21,169 Non-Aeronautical Operating Revenues 4,359,582 4,651,098 5,284,381 5,474,641 4,980,579 4,536,328 Management Fees - (2,803) Terminal Building 37,372 37,372 43,759 12,220 39, ,396 Other Revenues 37,372 34,569 44,129 12,493 39, ,396 Passenger Facility Charges - - 4, , , ,948 Customer Facility Charges FAA Grants 1/ 4,657, ,963 8,123,714 3,939,215 2,945,629 3,883,967 TOTAL - STX $ 9,054,242 $ 5,405,630 $ 13,456,328 $ 9,931,358 $ 8,376,840 $ 9,034,639 Operating Revenues $ 18,259,408 $ 16,173,250 $ 24,762,824 $ 24,673,459 $ 23,692,590 $ 22,456,286 Other Revenues $ 238,880 $ 234,652 $ 318,782 $ 140,430 $ 244,435 $ 356,142 Grants & Other Charges $ 12,377,660 $ 3,905,914 $ 13,142,635 $ 8,851,556 $ 10,247,797 $ 15,793,372 COMBINED TOTAL $ 30,875,948 $ 20,313,816 $ 38,224,241 $ 33,665,445 $ 34,184,822 $ 38,605,800 1/ FAA Grant projection includes only Entitlements, not Discretionary VI Port Authority Aviation Division Revenue Summary FY 2018 Budget FY 2019 FY 2018 Prj. FY 2017 Est FY 2016 Act FY 2015 Act FY 2014 Act Aircraft Fees $ 2,810,112 $ 2,709,749 $ 4,233,950 $ 3,576,170 $ 3,500,972 $ 3,332,008 Rental Income 6,211,887 6,192,167 6,745,788 6,826,103 6,435,778 6,086,039 Commissions & Fees 9,237,409 7,271,334 13,783,086 14,271,186 13,755,841 13,038,239 Operating Revenues $ 18,259,408 $ 16,173,250 $ 24,762,824 $ 24,673,459 $ 23,692,591 $ 22,456,286 Other Revenue 238, , , , , ,142 Passenger Facility Charge 1,103,375 1,103,375 2,840,309 3,387,835 3,206,107 3,241,696 Customer Facility Charges 274, , , , , ,114 FAA Grants -Entitlements 11,000,151 2,528,405 9,816,862 5,001,498 6,554,475 12,102,562 FAA Grants -Discretionary ,875,948 20,313,816 38,224,241 33,665,445 $ 34,184,823 $ 38,605,800

9 VI Port Authority Marine Revenue Detail Fiscal Year Ending September 30 th Schedule Budget 2018 Est 2017 Est 2016 Act 2015 Act 2014 Act St.Thomas/St. John Rental Income Crown Bay & Sandfill 1,591,056 1,590,981 1,592,481 1,647,989 1,589,791 1,541,378 Crown Bay Dock 2,700,627 2,581,963 2,754,377 2,884,051 2,995,031 2,518,689 Red Hook Terminal 169, , , , , ,972 Other 823, ,313 1,050,267 1,092, ,884 1,095,328 Rental Income STT/STJ 5,285,510 5,152,096 5,566,964 5,791,319 5,550,391 5,302,366 Commission & Concession Fees Red Hook Terminal 14,385 22, , , , ,036 Other 91,002 88, , , , ,309 Commission & Concesssion Fees STTSTJ 105, , ,549 1,056,285 1,063, ,345 Marine Fees & Dues Pilotage 340, , , , , ,843 Ship Dues Tonnage 707, , , , , ,515 Car Ferry Fees 421, , , , , ,051 Ferry Passenger Fees 11,171,154 8,189,061 8,966,076 10,138,906 10,079,379 10,684,317 Ship Dues & Fees 316, , , , ,726 1,242,845 Docking Fees 1,383,139 1,350,247 1,817,835 1,270,799 1,234,559 1,188,817 Passenger Wharfage 5,775,525 5,459,014 6,708,145 5,630,306 5,047,991 4,177,405 Marine Terminal Tax 1,692,599 1,147,824 1,497,410 1,769,210 1,800,529 1,389,643 Crown Bay Terminal User Fee Other 493, , , , , ,325 Marine Fees & Dues STT/STJ 22,302,138 18,192,846 22,027,528 21,831,389 20,757,159 20,761,761 Bond Financing 6,230, PFA Bond Financing/PFA - STT/STJ 6,230, Operating Revenues - STT/STJ 27,693,035 23,455,406 27,963,041 28,678,993 27,371,117 26,703,472 St. Croix Rental Income STX KrauseLagoon Container Port 353, , , , , ,155 Other 92,475 88, ,275 81,208 91,240 83,641 Rental Income STX 445, , , , , ,796 Commission & Concession Fees STX 14,259 13,343 15,648 16,787 3, Marine Fees & Dues Pilotage 249, , , , , ,736 Ship DuesTonnage 332, , , , , ,623 Car Ferry Fees Ferry Passenger Fees 192, , , Ship Dues & Fees 803, , , , , ,977 Docking Fees 277, , , , , ,306 Passenger Wharfage 200, , , ,581 Crane Rental Fees 52,352 52,352 53,948 52,352 52,352 52,352 Other 133, , , , ,113 1,601 Marine Fees & Dues STX 2,242,747 2,056,578 2,457,196 2,145,133 1,972,389 1,694,177 Bond Financing 13,333, PFA 500, Bond Financing/PFA - STX 13,833, Operating Revenues - STX 2,702,498 2,494,587 3,037,785 2,712,824 2,547,696 2,221,205 Operating Revenues 30,395,533 25,949,993 31,000,826 31,391,817 29,918,813 28,924,677 Grants & other revenues $ 20,063,726 $ - $ - $ - $ - $ - COMBINED TOTAL 50,459,259 25,949,993 31,000,826 31,391,817 29,918,813 28,924,677 Marine Revenue Summary ($1,000's) FY 19 Bdgt FY 18 Est FY 17 Est FY 16 Act FY 15 Act FY 14 Act Rental Income 5,731,002 5,576,762 6,131,905 6,342,223 6,121,769 5,829,162 Commission & Concession Fees 119, , ,197 1,073,072 1,067, ,577 Marine Fees & Dues 24,544,885 20,249,424 24,484,724 23,976,522 22,729,548 22,455,938 Revenue Increase ,395,533 25,949,993 31,000,826 31,391,817 29,918,813 28,924,677

10 Schedule-7 Capital Expenditure Type Vehicle Major Equip / FacIlities Upgrade Furniture, Fixtures & Equipment Operating Revenue Renewal and Replacement Fund Funding Source PFC Revenue CFC Revenue PFA Grants Bond Financing ARFF STT Fix systemic sewage issue in ARFF facilty & leaks in toilet, shower & kitchen 18,000 18,000 18,000 18,000 Sub - ARFF STT 0 18, ,000 18, ,000 Aviation STT Contingency 50,000 50,000 50,000 50,000 CIP -Renovations CEKA Terminal Bathrooms 650, , , ,000 CIP-Environmental Assessment 7,773 7, ,990 7,773 CIP-Taxiway B Design/Runway/Master Plan Edge Lighting 400, ,000 40, , ,000 CIP-Taxiway B Rehabilitation 1,000,000 1,000, , ,000 1,000,000 CIP-Rehabilitation of Rental Car Parking Lot 300, , , ,000 CIP-Chiller Replacement 4,179,679 4,179, ,047 3,738,632 4,179,679 CIP-MODIFICATION TO TSA /CBP SPACE INSIDE TERMINAL 629, , , , ,200 CIP-MODIFICATIONS TO GATES 2, 3 & 4 AT TERMINAL 40,600 40,600 40,600 40,600 CIP-MODIFICATIONS TO HOLD ROOM RESTROOMS 987, , , ,200 CIP- FIRE SPRINKLER CONSTRUCTION 3,176,400 3,176,400 3,176,400 3,176,400 CIP-Gate 5 Reconstruction 4,488,214 4,488, ,821 4,039,393 4,488,214 CIP-ARFF Backup Generator (Material Procurement & Installation) 79,396 79,396 7,940 71,456 79,396 CIP-Recirculating Sweeper/Vacuum (Material Procurement) 286, ,895 28, , ,895 CIP-Runway Closure Crosses (Material Procurement) 75,394 75,394 7,539 67,855 75,394 CIP-GA Apron West Expansion - Phase 1 & 2 (Design Only) 710, ,000 71, , ,000 CIP-Commercial Apron Phase 1 (Design Only) 350, , , ,000 CIP-GA Apron 3rd Taxiway Bridge (Design Only) 350, , , ,000 CIP-Baggage Claim Modification-Phase II 121, ,495 40,701 80, ,495 CIP-Runway Edge Lighting (Construction) 420, ,829 42, , ,829 Sub - Aviation STT 0 18,303, ,303,075 2,157,025 9,043, ,794 6,721, ,303,075 Aviation STX - Contingency 50,000 50,000 50,000 50,000 CIP-APRON PHASE 3 REHABILITATION - DESIGN AND CONSTRUCTION 1,477,233 1,477, ,723 1,329,510 1,477,233 CIP-Passenger Charge Planning Support for HERA 30,000 30,000 30,000 30,000 CIP-Airfield Security Fence 1,178,033 1,178, ,803 1,060,230 1,178,033 CIP-Apron Phase 4 Rehab (Design & Construction) 2,139,941 2,139, ,994 1,925,947 2,139,941 CIP-Recirculating Sweeper/Vacuum (Material Procurement) 291, ,346 29, , ,346 CIP-Pavement Plan Update 46,468 46,468 4,647 41,821 46,468 CIP-Airfield Lighting Vault Generator 41,743 41,743 4,174 37,569 41,743 CIP-Tradewinds Hangar 200, , , ,000 CIP-Runway , , , ,000 CIP-Aircraft Rescue and Firefighting Facility (ARFF) Relocation 370, ,487 61, , ,487 CIP- Emergency Generator Foundation Slab, Containment, Electrical & Construction 50,000 50,000 50,000 50,000 Sub - Aviation STX 0 6,375, ,375,251 1,408, ,966, ,375,251 Bournefield Repair and maintain Units and roofs from damages 120, , , ,000 Sub - Bournefield 0 120, , , ,000

11 Schedule-7 Capital Expenditure Type Vehicle Major Equip / FacIlities Upgrade Furniture, Fixtures & Equipment Operating Revenue Renewal and Replacement Fund Funding Source PFC Revenue CFC Revenue PFA Grants Bond Financing Engineering STT Vehicle to replace PA ,000 35,000 35,000 35,000 Sub - Engineering STT 35, ,000 35, ,000 Maintenance STX Holland Tractor With 15" Cutter 90,500 90,500 90,500 90,500 Sub - Maintenance STX 90, ,500 90, ,500 Marine STT/STJ Installation of four Security Gaurd Booths 158, , , ,000 Repower Whaler 55,000 55,000 55,000 55,000 Dredging- Red Hook Barge Ramp & Sandfill 50,000 50,000 50,000 50,000 Sandfill bulkhead pothole repair 50,000 50,000 50,000 50,000 Replacement of Vehicle PA-40 30,000 30,000 30,000 30,000 Replacement of Vehicle PA-58 30,000 30,000 30,000 30,000 Replacement of Vehicle PA ,250 18,250 18,250 18,250 Contingency 50,000 50,000 50,000 50,000 CIP- Crowley/Tropical Crown Bay & Sand Fill- Repairs to Bulkheads, Fenders and Subgrades 500, , , ,000 CIP-Repairs to Sand Fill Administration Building 120, , , ,937 CIP-ADA compliance upgrades to EWB Terminal Facility 275, , , ,000 CIP-Red Hook Customs Building (FIS) 2,365,464 2,365,464 2,365,464 2,365,464 CIP-FIS/Red Hook Parking Lot 2,887,490 2,887,490 2,887,490 2,887,490 CIP-Crown Bay Subbase - Masterplan Study 150, , , ,000 CIP-Crown Bay Center Parking 48,032 48,032 48,032 48,032 CIP-EWB Terminal Repairs - Repairs to Steel and New Site Lighting (Design and Construction) 750, , , ,000 CIP- Upgrade Parking to Paid Parking Facility (Enighed,STJ) 429, , , ,740 CIP-Loredon Boynes Dock Terminal Improvements 500, , , ,000 Sub - Marine STT 133,250 8,334, ,467,913 2,116, , ,230,726 8,467,913 Marine STX Contingency 50,000 50,000 50,000 50,000 CIP-Water for Cruise Ships , , ,000 CIP-Container Port Lighting Upgrades (Construction) 130, , , ,000 CIP- Gallows Bay Dual Purpose Arrival Facility (Design and Construction) 840, , , , ,000 CIP-Container Port 100 Ton Bollard on South Pier (Design and Construction) 250, , , , ,000 CIP- Container Port Pavement Resurfacing (Design and Construction) 403, , , , ,142 CIP-Ann Ambramson South Tender Landing Dock Replacement (Design &Permitting) 60,000 60,000 60,000 60,000 CIP-Schooner Bay Channel Dredging (Design & Permitting) 1,641,525 1,641, ,000 1,141,525 1,641,525 CIP-Container Port Roll On/Roll Off Ramp (Design and Construction) 650, , , , ,000 Gordon Finch Molasses Pier 13,333,000 13,333,000 13,333,000 13,333,000 CIP-WaterGut Seaplane Facility 2,230,000 2,230, ,000 1,760,000 2,230,000 CIP-Manhole Repairs 100, , , ,000 CIP-BLOW-OUT PANEL REPAIRS 250, , , ,000 CIP-ANN ABRAMSON SOUTH TENDER LANDING (CONSTRUCTION - split in FY19/20) 375, , , ,000 CIP-KRAUSS LAGOON DREDGING 1,500,000 1,500,000 1,000, ,000 1,500,000 Sub - Marine STX 0 22,012, ,012,667 3,193, ,000 13,333,000 4,985,875 22,012,667

12 Schedule-7 Capital Expenditure Type Vehicle Major Equip / FacIlities Upgrade Furniture, Fixtures & Equipment Operating Revenue Renewal and Replacement Fund Funding Source PFC Revenue CFC Revenue PFA Grants Bond Financing Police STT K9 Vehicle 60,000 60,000 60,000 60,000 Replacement Ford Interceptor-Old ,750 22,750 22,750 22,750 Replacement Ford Interceptor-Old ,750 28,750 28,750 28,750 Replacement Ford Interceptor-Old ,000 50,000 50,000 50,000 Sub - Police STT 161, , , ,500 Property Management STT Handheld/Portable Scanner 2,500 2,500 2,500 2,500 Sub - Property Management STT 0 0 2,500 2,500 2, ,500 Grand 420,250 55,163,656 2,500 55,586,406 9,303, ,937 9,043, , ,000 25,021,253 11,216,601 55,586,406 Summary Aviation 0 24,816, ,816,326 3,703,632 9,043, ,794 11,688, ,816,326 Marine 133,250 30,347, ,480,580 5,310, , ,000 13,333,000 11,216,601 30,480,580 Admin & Gen 287, , , , , ,250 55,163,656 2,500 55,586,406 9,303, ,937 9,043, , ,000 25,021,253 11,216,601 55,586, % 99.24% 0.00% % 16.74% 16.27% 0.69% 45.01% 20.18% % STT/STJ Aviation 0 18,441, ,441,075 2,295,025 9,043, , ,721, ,441,075 Marine 133,250 8,334, ,467,913 2,116, ,230,726 8,467,913 Admin & Gen 196, , , , , ,750 26,775,738 2,500 27,107,988 4,610,275 9,043, ,794 6,721,609 6,230,726 27,107, % 48.54% % 48.77% 49.56% % % 26.86% 55.55% 48.77% STX Aviation 0 6,375, ,375,251 1,408, ,966, ,375,251 Marine 0 22,012, ,012,667 3,193, ,333,000 4,985,875 22,012,667 Admin & Gen 90, ,500 90, ,500 90,500 28,387, ,478,418 4,692, ,299,644 4,985,875 28,478, % 51.46% 0.00% 51.23% 50.44% 0.00% 0.00% 73.14% 44.45% 51.23%

13 VI Port Authority Schedule-8 Payroll Cost Summary Fiscal Years Ending September Lin FY 2019 Bdgt FY 2018 Est FY 2017 Est FY 2016 Act FY 2015 Act FY 2014 Act FY 2013 Act 1 Aviation 2 Salaries and Wages 3,506,807 3,179,740 3,330,035 3,335,469 3,247,321 2,904,616 3,157,871 3 Retroactive & Severance 90,000 40,047 77,599 27,391 40, , ,296 4 Overtime 265, , , , , , ,164 5 Payments to Employees 3,862,707 3,511,834 3,683,155 3,562,806 3,513,937 3,854,546 3,635,331 6 FICA Taxes 258, , , , , , ,736 7 Retirement Fund 680, , , , , , ,127 8 Medical/Dental/Life Insurance 1,127, , , , ,606 1,150, ,860 9 Workmen's Compensation 22,321 20,261 19,748 30,622 35,314 43,944 55, Aviation Payroll Expenses 5,951,511 5,480,403 5,558,959 5,512,936 5,446,076 5,893,590 5,445, Marine 13 Salaries and Wages 4,282,774 4,061,774 4,238,548 4,156,938 3,605,504 3,550,435 3,277, Retroactive & Severance 90,000 40,714 39,971 30,293 33, , , Overtime 934,000 1,093, , , , , , Payments to Employees 5,306,774 5,196,190 5,237,109 5,186,645 4,288,410 4,311,467 4,384, FICA Taxes 296, , , , , , , Retirement Fund 674, , , , , , , Medical/Dental/Life Insurance 1,032, , , , , , , Workmen's Compensation 19,680 19,320 18,414 27,042 26,328 33,182 41, Marine Payroll Expenses 7,330,182 7,119,103 7,119,250 7,100,653 6,051,934 5,974,375 5,949, Support Services 24 Salaries and Wages 8,997,823 5,295,164 6,607,381 6,998,738 6,371,218 5,456,568 5,176, Retroactive & Severance 70, , , ,647 69,789 1,063,144 68, Overtime 222, , , , , , , Payments to Employees 9,290,623 5,654,291 7,212,429 7,326,720 6,772,861 6,782,540 5,572, FICA Taxes 680, , , , , , , Retirement Fund 1,671, ,277 1,531,368 1,600,507 1,718,790 1,240,661 1,014, Medical/Dental/Life Insurance 2,403,692 1,471,108 1,987,351 1,969,134 1,946,219 1,907,467 1,560, Workmen's Compensation 44,640 33,218 42,838 58, ,582 73,090 92, Support Payroll Expenses 14,090,634 8,598,581 11,439,440 11,605,086 11,216,525 10,647,117 8,767, VIPA Payroll Expenses 37 Salaries and Wages 16,787,404 12,536,678 14,175,964 14,491,145 13,224,043 11,911,619 11,612, Retroactive & Severance 250, , , , ,405 1,892, , Overtime 1,422,700 1,572,682 1,534,325 1,395,695 1,206,760 1,144,255 1,071, Payments to Employees 18,460,104 14,362,315 16,132,693 16,076,171 14,575,208 14,948,553 13,592, FICA Taxes 1,235,447 1,060,652 1,282,414 1,247,355 1,212,643 1,199,083 1,132, Retirement Fund 3,026,538 2,345,673 2,806,608 2,936,209 3,097,470 2,293,095 2,036, Medical/Dental/Life Insurance 4,563,597 3,356,648 3,814,934 3,842,663 3,647,990 3,924,135 3,209, Workmen's Compensation 86,641 72,799 81, , , , , Expenses 27,372,327 21,198,087 24,117,649 24,218,675 22,714,535 22,515,082 20,162,433 Payroll Cost Summary ($1,000's) FY 19 Bdgt FY 2018 Est FY 2017 Est FY 2016 Act FY 2015 Act FY 14 Act FY 13 Est Salaries & Wages 16,787 12,537 14,176 14,491 13,224 11,912 11,612 Overtime & Other Pay 1,673 1,826 1,957 1,585 1,351 3,037 1,981 Payments to Employees 18,460 14,363 16,133 16,076 14,575 14,949 13,593 FICA, Retirement & Wkrs Comp 4,349 3,479 4,170 4,300 4,491 3,642 3,360 Medical/Dental/Life Insurance 4,564 3,357 3,815 3,843 3,648 3,924 3,210 Expenses 27,373 21,199 24,118 24,219 22,714 22,515 20,163