FINANCIAL REPORT (unaudited)

FINANCIAL REPORT (unaudited) For the Quarter Ended September 30, 2018

*** UNAUDITED - FOR INTERNAL REVIEW*** Page Financial Information... 1 Management s Discussion and Analysis Statements of Net Position Statements of Revenues, Expenses and Changes in Net Position Statements of Cash Flows Statements of Fiduciary Fund Net Assets Statements of Changes in Fiduciary Fund Net Assets Notes to the Financial Statements Financial Summary Statistical Highlights... 44 Airport Revenues... 55 AvPort Airport Operations... 65 Million Air FBO Operations... 75 Authority Operations... 90 Investment Report... 99

MANAGEMENT S DISCUSSION AND ANALYSIS This Management Discussion and Analysis (MD&A) of the Albany County Airport Authority (the Authority) provides an introduction of the basic financial statements for the quarter September 30, 2018 with selected comparative information for the quarter ended September 30, 2017 and September 30, 2016. Management prepared this unaudited MD&A, which should be read in conjunction with the financial statements, and the notes thereto, which follow in this section. BASIC FINANCIAL STATEMENTS The Authority s basic financial statements include three financial statements: the Statements of Net Position, the Statements of Revenues, Expenses and Changes in Net Position and the Statements of Cash Flows. The financial statements are prepared in accordance with accounting principles generally accepted in the United States of America as promulgated by the Governmental Accounting Standards Board (GASB). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. However, we believe that all disclosures are adequate to make the information presented not misleading. The December 31, 2017 Statements of Net Position and other prior year condensed financial information was derived from the Authority s audited 2017 basic financial statements, as restated to implement recently issued accounting standards, and other unaudited sections of the Authority s 2017 Comprehensive Annual Financial Report, but is not presented with all disclosures required by accounting principles generally accepted in the United States of America. The accompanying unaudited financial statements should be read in conjunction with the audited basic financial statements and the notes thereto, included in our Comprehensive Annual Financial Report for the year ended December 31, 2017 and the notes attached to these statements. In the opinion of our management, adjustments necessary to fairly present our financial position, report total operating revenues, operating expenses, non-operating income and expenses, capital contributions and the changes in net position during the nine months ended September 30, 2018 and 2017 and cash flows for the interim periods presented have been included. The results of operations for the nine months ended September 30, 2018 are not necessarily indicative of the results to be expected for the full year or for any future periods. Also included are the Statements of Fiduciary Fund Net Position and the Statements of Changes in Fiduciary Fund Net Position. The Statements of Net Position depict the Authority s financial position at September 30, 2018 and December 31, 2017, the end of the Authority s previous fiscal year. The Statements report all assets, deferred outflows of resources, liabilities, deferred inflows of resources and net position. Net position is displayed in three components: net investment in capital assets, restricted (distinguished between major categories of restrictions) and unrestricted. The Statements of Revenues, Expenses and Changes in Net Position report total operating revenues, operating expenses, non-operating income and expenses, capital contributions and the changes in net position during the nine months ended September 30, 2018 and 2017. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of the cash flows. The Statements of Cash Flows present information showing how the Authority s cash and cash equivalents position changed during the nine months ended September 30, 2018 and 2017. The Statements classify cash receipts and cash payments by Operating Activities, Noncapital Financing Activities, Investing Activities, and Capital and Related Financing Activities. 1

The Statements of Fiduciary Fund Net Position is a snapshot of account balances of the Authority s fiduciary fund at September 30, 2018 and December 31, 2017. It indicates the assets available for future payments for retiree benefits and any current liabilities that are owed at this time. The Statements of Changes in Fiduciary Fund Net Position, on the other hand, provides a view of current period additions to and deductions from the net position held in the Trust during the nine months ended September 30, 2018 and 2017. AIRPORT ACTIVITIES HIGHLIGHTS The County of Albany owns the Albany International Airport (the Airport) and entered into an Airport Lease Agreement, pursuant to which the County leased the Airport to the Authority for a 40 year term commencing May 16, 1996. In October 2018, the Albany County Legislature approved an extension amending the date of the lease agreement through December 31, 2049. The lease extension is currently with the Albany County Executive for execution. The Authority employs two firms to manage the daily operations of the Airport: AFCO AvPorts Management LLC, (d/b/a Avports) manages the daily operations of the airport including airfield, terminal, security, ARFF, landside, building and vehicle maintenance and public parking pursuant to a management services agreement. REW Investments, Inc., (d/b/a Million Air) manages the daily operations of the Fixed Based Operations (FBO) of the airport including fuel farm management, commercial aviation into-plane fueling, and ground handling, fueling and hangaring of general aviation aircraft pursuant to a management services agreement. The Authority s revenues are derived primarily from: Airline rates and charges for the use of the Airport s facilities in the form of landing fees, terminal rentals, apron fees and loading bridge charges received from airlines using the Airport; concession fees from vendors serving the passengers including food and beverage, retail and rental cars; public parking fees including surface and garage parking; and FBO activities from general aviation activities. AIRPORT REVENUES Five major factors impact airport revenues: commercial operations, enplanements, FBO operations, concessions and parking: COMMERCIAL OPERATIONS The following shows the major indicators of the total commercial airline activities during the first nine months of 2018, 2017 and 2016: 2018 2017 2016 Enplanements 1,097,862 1,066,934 1,060,634 % increase/(decrease) 2.9% 0.6% 9.5% Aircraft Landed Weight 1,211,552,728 1,195,479,172 1,192,311,055 % increase/(decrease) 1.3% 0.3% 14.0% Operations (take-offs and landings) Commercial 35,589 35,314 35,352 General Aviation 10,178 10,880 11,112 Military 2,526 2,289 2,357 Total 48,293 48,483 48,821 % increase/(decrease) -0.4% -0.7% 8.1% 2

Regular scheduled daily passenger flights departing from Albany decreased to 54 in September 2018 compared to 59 in September 2017 and 58 in September 2016. This does not include 3 flights a week to Denver offered by Frontier Airlines. 2018 2017 2016 Carriers Flights Carriers Flights Carriers Flights Jet Service Major Carriers 5 22 5 23 5 24 Regional Carriers 9 26 11 22 10 17 Commuter Service Regional Carriers 1 6 4 14 3 17 Total 15 54 20 59 18 58 Published available seats for the first nine months of 2018 increased by 37,742 or 3.0% and the passenger load factor increased to 84% from 82% in 2017, resulting in an increase in enplanements for the first nine months of 2018. The published available seats and the passenger load factors for the first nine months of 2018, 2017 and 2016 are below: 2018 2017 2016 Total Available Seats 1,313,421 1,275,679 1,288,206 Passenger Load Factor 84% 82% 80% Landing fee revenues are not sensitive to the number of operations or landed weight because the agreements with the airlines and cargo carriers provides for the Signatory Passenger and Cargo Airlines to fund the operating costs of the Airfield after receiving credit for all airfield revenue. Accordingly, landing fee revenue is sensitive to changes in the annual cost of operating the airfield that fluctuate with the weather and maintenance needs. The change in airline operations and gross landed weight by airline for the first nine months of 2018 compared to 2017 and 2017 compared to 2016 is as follows: 2018 vs. 2017 2017 vs. 2016 Change in Change in Change in Change in Operations Landed Weight Operations Landed Weight American (514) (6,492,819) 64 4,412,486 Boutique Air (150) (828,100) 652 3,318,023 Cape Air (506) (1,733,054) (826) (2,829,053) Delta (30) 1,728,281 (70) 1,178,851 Elite Airways 92 2,182,000 - - Frontier 8 568,791 - - Jet Blue 12 988,785 (28) (2,126,361) One Jet 526 9,404,119 218 1,711,299 Southwest (264) (8,873,601) 70 584,000 United 440 19,367,654 144 (4,445,128) Other (4) (238,500) 22 1,364,000 Total (390) 16,073,556 246 3,168,117 As of September 30, 2018, two regularly scheduled express mail and various special cargo carriers serve this Airport. 2018 2017 2016 Mail and Express Cargo Tons 13,859 13,930 13,817 % increase/(decrease) -0.5% 0.8% -3.0% 3

ENPLANEMENTS Enplanements for the first nine months of 2018 compared to the first nine months of 2017 increased by 30,928 passengers, compared to an increase of 92,455 for 2017 vs. 2016. The changes in enplanements by airline, including their express carriers is as follows: 2018 Market Total 2018 2018 vs. Total 2017 2017 vs. Share Enplanements 2017 Enplanements 2016 American 21.1% 231,215 2,324 228,891 19,973 Boutique Air 0.1% 827 (436) 1,263 - Cape Air 0.8% 8,991 (1,032) 10,023 68 Delta 15.4% 168,745 3,410 165,335 (1,502) Elite Airways 0.1% 1,044 1,044 - - Frontier 0.1% 575 575 - - Jet Blue 6.2% 67,563 19 67,544 64,853 One Jet 0.4% 3,964 3,468 496 - Southwest 39.0% 428,356 (2,347) 430,703 10,227 United 16.9% 185,747 23,832 161,915 (1,419) Other 0.1% 835 71 764 255 Total 100.0% 1,097,862 30,928 1,066,934 92,455 FBO OPERATIONS REW Investments, Inc. (d/b/a Million Air) manages the daily operations of the FBO. A summary of the operating revenues and expenses, the gallons of Jet A and Aviation Gasoline sold, gallons of glycol sold and sprayed and the Jet A transferred to the commercial and cargo airlines is as follows for the first nine months of 2018, 2017 and 2016: 2018 vs. 2017 vs. 2018 2017 2017 2016 2016 Revenues $ 7,736,099 23.6% $ 6,260,198 4.4% $ 5,995,394 Expenses (inc. cost of sales) $ 6,435,161 21.3% $ 5,304,215 7.6% $ 4,927,753 Retail Gallons Sold Jet A 885,839 17.8% 751,867-3.5% 779,015 AvGas 40,597-18.5% 49,782-6.9% 53,468 Commercial AvGas 71,618-17.5% 86,807-22.7% 112,238 Glycol Gallons - Consortium 73,261 15.1% 63,643 53.9% 41,349 Glycol Gallons - Sprayed 66,508 91.9% 34,661 63.6% 21,186 Jet A Fuel Into-Plane Gallons 15,481,291 5.3% 14,704,088 4.9% 14,021,680 4

CONCESSIONS Concession revenues for the first nine months of 2018 were $6,128,096, a 1.6% increase from the first nine months of 2017. Concession revenues for the first nine months of 2017 were 4.2% higher than 2016. Concession revenue highlights for the first nine months of 2018 compared to 2017 and 2016 are as follows: 2018 vs. 2017 vs. 2018 2017 2017 2016 2016 Rental Car Revenues Sales $ 40,345,695 0.6% $ 40,098,270 1.9% $ 39,333,308 Authority Revenues $ 3,995,732-2.1% $ 4,082,427 3.8% $ 3,932,205 Food & Beverage Sales $ 6,203,297 1.2% $ 6,131,404 0.2% $ 6,117,892 Authority Revenues $ 814,570 37.1% $ 594,076-0.1% $ 594,651 Retail Sales $ 3,037,200 4.2% $ 2,915,734 4.9% $ 2,778,367 Authority Revenues $ 638,722 3.5% $ 617,144 2.9% $ 599,506 Total Authority Concession Revenues $ 6,128,096 1.6% $ 6,029,644 4.2% $ 5,789,180 Concession Revenue per Enplanement $ 5.58-1.2% $ 5.65 3.5% $ 5.46 PARKING The Airport directly manages all on-airport parking operations which at September 30, 2018 consisted of 222 short-term garage/surface, 1,912 long-term garage, 1,789 long-term surface, and 2,763 remote shuttle served parking spaces. Revenue for first nine months of 2018 compared to the first nine months of 2017 and 2016 are as follows: 2018 vs. 2017 vs. 2018 2017 2017 2016 2016 Public Parking Revenues $ 11,465,282 1.1% $ 11,341,548 0.9% $ 11,243,169 # of Vehicles Parked 476,051-0.8% 480,087-0.9% 484,330 Parking Revenue per Enplanement $ 10.44-1.8% $ 10.63 0.3% $ 10.60 5

SUMMARY OF REVENUES, EXPENSES AND CHANGES IN NET POSITION The changes in net position over time may serve as a useful indicator of changes in the Authority s financial position. A summary of the Authority s change in net position for the first nine months ended September 30 is below: 2018 2017 2016 Operating Revenues $ 40,120,112 $ 37,657,606 $ 36,513,975 Operating Expenses (27,237,325) (24,897,258) (23,271,750) Revenues in excess of expenses before depreciation 12,882,787 12,760,348 13,242,225 Depreciation (10,580,625) (10,580,625) (10,200,000) Income before non-operating income and expenses 2,302,162 2,179,723 3,042,225 Non-Operating income and (expenses), net 1,824,386 753,061 164,379 Income before capital contributions 4,126,548 2,932,784 3,206,604 Capital Contributions 3,095,774 486,417 838,282 Net Position Increase in Net Position 7,222,322 3,419,201 4,044,886 Net position, beginning of year 211,113,544 210,454,518 207,948,796 Net position, end of quarter $ 218,335,866 $ 213,873,719 $ 211,993,682 The Authority s operating revenues and expenses include the sales and cost of sales of fuel purchased and sold to general aviation customers through the FBO and also revenues for deicing activities. Gallons of jet fuel sold were 779,015, 751,867 and 885,839 for the first nine months of 2016 to 2018, respectively. The FBO provides fueling services for all commercial airlines at the Airport. Some of the airlines provide their own aircraft deicing services. Accordingly, commercial aircraft deicing service revenue is sensitive to both demand for services and need for services based upon weather conditions. The table below summarizes FBO revenues, expenses and net revenues for the first nine months of 2018, 2017 and 2016: 2018 2017 2016 FBO revenues $ 7,736,099 $ 6,260,198 $ 5,995,394 FBO expenses 6,435,161 5,304,215 4,927,753 FBO net revenues $ 1,300,938 $ 955,983 $ 1,067,641 6

OPERATING REVENUES AND NON-OPERATING INCOME HIGHLIGHTS Total revenues for the first nine months of 2018 were $3.0 million or 7.1% greater than the first nine months of 2017. Fixed Based Operations revenues increased in the first nine months of 2018 due to higher deicing revenues. Allocation of YTD 2018 Operating Revenues by Category Concessions 15% Other 8% Airfield 15% Fixed Based Operations 19% Ground Transportation 30% Terminal 13% 2018 2017 2016 Operating Revenues Airfield $ 5,856,779 $ 5,385,597 $ 5,472,129 Fixed Based Operations 7,736,099 6,260,198 5,995,393 Terminal 5,380,813 5,167,942 4,779,351 Ground Transportation 11,804,691 11,593,911 11,469,404 Concessions 6,128,096 6,029,644 5,789,180 Other 3,213,634 3,220,314 3,008,518 Non-Operating Income Passenger Facility Charges 4,182,883 4,003,784 4,146,820 Grant Income 277,817 103,740 187,812 Improvement Charges 276,300 276,300 276,300 Insurance Recoveries 76,654 - - Interest Income 87,901 6,387 6,619 Total $ 45,021,667 $ 42,047,817 $ 41,131,526 Percentage of Increase 7.1% 2.2% 6.3% 7

OPERATING EXPENSES AND NON-OPERATING EXPENSES HIGHLIGHTS Total expenses for the first nine months of 2018 increased $1.8 million or 4.6% as compared to the first nine months of 2017. Higher costs for Fixed Based Operations deicing supplies, higher snow removal supplies and services all accounted for the increase in expenses during 2018 as compared to 2017. Allocation of YTD 2018 Operating Expenses by Category Administration 4% Non-capital equipment 1% Material & supplies 28% Personal services 29% Purchased services 18% Utilities & communications 7% Employee benefits 14% 2018 2017 2016 Operating Expenses Personal services $ 7,825,215 $ 7,547,134 $ 7,196,824 Employee benefits 3,836,186 3,647,120 3,326,824 Utilities & communications 1,672,600 1,601,184 1,681,538 Purchased services 5,014,668 4,755,695 4,353,928 Material & supplies 7,574,574 6,212,664 5,552,894 Administration 1,091,587 1,077,433 1,593,474 Non-capital equipment 222,495 177,914 182,040 Depreciation 10,580,625 10,580,625 10,200,000 Non-Operating Expenses Interest Expense 2,949,284 3,458,054 3,762,140 Insurance Expenses 76,654 - - Amortization of Bond Insurance Premiums 51,231 57,210 75,260 Total $ 40,895,119 $ 39,115,033 $ 37,924,922 Percentage of Increase 4.6% 3.1% 0.6% 8

FINANCIAL POSITION SUMMARY The Statements of Net Position depict the Authority s financial position as of one point in time December 31 and reflects the residual difference between all assets, deferred outflows of resources, liabilities and deferred inflows of resources of the Authority. Net position represents the residual interest in the Authority s assets after deducting liabilities. The Authority s net position was $218.3 million at September 30, 2018, a $2.0M increase from December 31, 2017. A condensed summary of the Authority s total net position at September 30, 2018 and December 31, 2017 and 2016 is set forth below: September 30, 2018 December 31, 2017 December 31, 2016 ASSETS Capital assets $ 237,281,882 $ 245,397,366 $ 249,869,538 Other assets 66,205,342 55,013,670 53,736,552 Total Assets 303,487,224 300,411,036 303,606,090 DEFERRED OUTFLOWS OF RESOURCES 5,527,357 4,722,111 5,918,434 LIABILITIES Current (payable from unrestricted assets) 2,420,390 6,017,006 7,063,124 Current (payable from restricted assets) 10,627,515 11,366,663 9,721,183 Noncurrent liabilities 76,672,409 70,583,675 81,509,179 Total Liabilities 89,720,314 87,967,344 98,293,486 DEFERRED INFLOWS OF RESOURCES 958,401 865,063 776,520 NET POSITION Net investment in capital assets 164,815,279 172,661,198 170,626,920 Restricted 32,670,362 22,238,003 21,191,423 Unrestricted 20,850,225 21,401,539 18,636,175 Net Position $ 218,335,866 $ 216,300,740 $ 210,454,518 Net position is comprised of three components as follows: Investment in capital assets (e.g., land, buildings, improvements, and equipment), less the related indebtedness outstanding used to acquire those capital assets, represents the largest portion of the Authority s net position (75.5% at September 30, 2018). The Authority uses these capital assets to provide services to the airlines, passengers and to service providers and users located at the Airport; consequently, these assets are not available for future spending. Although the Authority s net investment in capital assets is net of related debt, the resources required to repay this debt annually are paid from operations, since it is unlikely that the capital assets will be liquidated to pay liabilities. Restricted net position (15.0% at September 30, 2018), principally representing bond reserves and PFC funds, are restricted as to use pursuant to bond resolutions and Federal regulations. The restricted component of net position consists of restricted assets reduced by liabilities and deferred inflows of resources related to those assets. 9

Unrestricted net position totaling $20.9 million (9.5% at September 30, 2018) are available to meet any of the Authority s ongoing obligations. The unrestricted component of net position is the net amount of the assets, deferred outflows of resources, liabilities and deferred inflows of resources that are not included in the determination of net investment in capital assets or the restricted component of net position. AIRLINE SIGNATORY RATES AND CHARGES The Authority and airlines entered into a Use and Lease Agreement ( Agreement ) effective January 1, 2016 for five years, with an option for a five-year renewal, which establishes how the airlines that signed the Agreement will be assessed annual rates and charges for their use of the Airport. In the Agreement, signatory airlines have the option to designate some or all of their affiliate carriers as signatory airlines. This entitles the affiliates to signatory rates and charges for use of the Airport. As of September 30, 2018, signatories in the Agreement include six commercial, nineteen affiliate carriers and two cargo airlines. The Agreement with the signatory airlines is based on a hybrid rates and charges methodology. A residual cost methodology is used for the airfield and a commercial rental rate methodology for the terminal. The apron charge is based on a 10% allocation of total airfield costs and loading bridge rental rates is based on total actual operating costs for all the loading bridges. The resulting funds remaining each year are split fifty/fifty between the Authority and the signatory airlines. Each year the Authority prepares and issues an actual airline rates and charges analysis report in accordance with the Agreement and financial statements prepared in accordance with GAAP as audited by independent public accountants as of December 31. The Authority has the ability under the Agreement to adjust airline rates and charges at any time throughout the year to ensure adherence to all financial covenants in its bond resolutions. The Authority can impose a Capital Charge Coverage equal to 25% of its required debt service and also apply the Airline Share of Revenue sharing to meet debt service coverage if needed. Capital Charge Coverage provides for revenues less expenses, to be not less than one-hundred twenty-five percent (125%) of annual debt service. If needed to meet debt service coverage, the Airline Revenue Sharing is first suspended. The Authority may also impose Extraordinary Coverage Protection, if necessary to meet the covenant debt service coverage ratio. The final rates and charges, after all year-end settlement adjustments and the revenue sharing allocations in accordance with the definitions and formulas contained in the Agreement with the signatory airlines are as follows: Budget Actual Actual 2018 2017 2016 Landing Fees (per 1,000 lbs. MGLW) $ 3.33 $ 3.12 $ 2.73 Terminal Rental Rate (per square foot) $ 81.57 $ 79.86 $ 81.11 Apron Fees (per square foot) $ 1.38 $ 1.33 $ 1.19 Loading Bridge (annual rate) $ 40,849 $ 47,237 $ 40,383 Airline Airport Cost per Enplanement $ 7.17 $ 6.57 $ 6.00 Revenue Sharing Credit $ 2,002,289 $ 2,439,847 $ 3,137,355 10

CASH MANAGEMENT POLICIES AND CASH FLOW ACTIVITIES All cash receipts are initially deposited daily into collateralized or insured bank accounts. After initial deposit of receipts, all funds are transferred to various segregated bank accounts comprising the various funds defined in the Authority s Master Bond Resolution. The Authority s temporarily idle cash is maintained in collateralized or insured bank accounts consistent with the Authority s liquidity, available short-term investment opportunities, and desired level of risk. The Authority s maintains some debt service reserves in United States Treasury obligations. All deposits and investments are in compliance with the laws of the State and the Cash Management and Investment Policy adopted by the Authority. Cash equivalents represent cash-on-hand, bank deposits and liquid investments with a maturity of three months or less. The following shows a summary of the major sources and uses of cash and cash equivalents for the first nine months of 2018, 2017 and 2016: 2018 2017 2016 Cash flows from: Operating Activities $ 10,678,817 $ 10,235,254 $ 13,204,134 Non Capital Financing Activities 277,817 103,740 187,812 Investing Activities (10,711,641) 19,917 17,488 Capital and related financing activities 2,816,265 (1,483,690) 1,582,880 Net increases in cash and cash equivalents 3,061,258 8,875,221 14,992,314 Cash and Cash Equivalents: Beginning of period 47,905,608 48,024,342 40,138,544 End of period $ 50,966,866 $ 56,899,563 $ 55,130,858 The Authority s available cash and cash equivalents increased during the first nine months of 2018 by $3,061,258. Cash and cash equivalents as of September 30, 2018, 2017 and 2016 are composed of: 2018 2017 2016 Funds available for unrestricted operations $ 25,522,910 $ 23,649,282 $ 22,561,848 Restricted for: Capital Projects 3,398,802 4,083,246 4,674,915 PFCs available for debt service payments 12,122,180 9,446,908 7,828,771 Revenue bond reserves 8,848,909 18,756,836 19,220,849 Other restrictions 1,074,065 963,291 844,475 Total $ 50,966,866 $ 56,899,563 $ 55,130,858 11

CAPITAL ACTIVITIES The enabling legislation creating the Authority set forth that every five years the Authority must submit to the County legislature for approval a capital plan for the subsequent five year period. The plan for 2015 2019 was approved by the County on December 1, 2014. The original plan provided for total spending of up to $120.5 million over five years of which $61 million is eligible for 95% grant funding. On May 8, 2017, the County of Albany approved an amendment to the capital plan to reallocate certain projects and increase total authorized by $22 million to a new total of $142.5 million. The plan does not represent a firm commitment of the Authority. The Authority has included every known possible project that could conceivably occur during the five year period for disclosure purposes. During the remainder of the 2014-2019 capital plan, as amended, the Authority may issue additional debt for projects not eligible for grant funding. There is no assurance that future Federal or State grant funds will be awarded to the Authority as anticipated in the plan. At September 30, 2018, the Authority has $13.3 million outstanding capital commitments. Approved projects requiring additional financing in the plan are very likely to be deferred. The following is a summary of the approved 2015 2019 capital plan including the activity through September 30, 2018: Total 2015- Total Plan 2019 Plan Through 9-30-18 Approved Projects Airfield $ 34,520,000 $ 7,996,836 Terminal 14,000,000 9,674,708 Landside 60,000,000 15,932,692 Major Equipment 12,000,000 4,054,877 Total $ 120,520,000 $ 37,659,113 Projected Funding Sources Federal Funds $ 61,020,000 $ 19,207,250 State Funds 6,250,000 5,373,793 Debt Issuances 34,500,000 - Authority Funds 18,750,000 13,078,070 Total $ 120,520,000 $ 37,659,113 LONG-TERM DEBT ADMINISTRATION The Authority issued Airport Revenue Bonds to provide funds for the acquisition and construction of major capital facilities. Airport Revenue Bonds are direct obligations and are pledges by the full faith and credit of the Authority. Certain outstanding bonds may be redeemed prior to their normal maturity dates in accordance with the terms of the related bond indentures. The Authority has never defaulted on any principal or interest payments. In accordance with Section 2785 of the New York Public Authorities Law, the Authority may issue Bonds, Notes and Other Obligations up to $285 million outstanding at any time plus certain amounts issued for refunding purposes. The total Authority principal debt outstanding at September 30, 2018 for General Airport Revenue Bonds (GARB) was $77,318,000, the same as December 31, 2017. The aggregate par amount of 12

bonds issued by the Authority outstanding as of September 30, 2018 and December 31, 2017 is summarized in the following table: Outstanding Outstanding Issued at 12-31-17 at 9-30-18 Authority Revenue Bonds 1999 NYS EFC $ 7,895,303 $ 1,128,000 $ 1,128,000 2010 Refunding Series A & B 109,855,000 62,845,000 62,845,000 2017 Refunding Series A & B 14,395,000 13,345,000 13,345,000 Total Authority Debt Obiligations $ 117,750,303 $ 77,318,000 $ 77,318,000 In the table above, the bonds and debt obligation are presented on a stated par-amount basis. Under generally accepted accounting principles certain items associated with the debts above are deferred and amortized into future periods by subtracting or adding the deferred items to the stated par amounts outstanding and expensing those deferred items in future periods as the debt matures using a systematic and rational method that conforms with generally accepted accounting described in Note 2 to the Financial Statements. The reported amount of bonds issued by the Authority that was outstanding as of December 31, 2017, additions and/or deletions during the first nine months of 2018, and the balances reported at September 30, 2018 with adjustments to the reported value required by generally accepted accounting principles is summarized in the following table: Outstanding Outstanding at 12-31-17 Additions Deletions at 9-30-18 Authority Revenue Bonds/Debt Obligations Bonds Payable 1999 NYS EFC $ 1,128,000 $ - $ - $ 1,128,000 2010 Series A Refunding 62,845,000 - - 62,845,000 2017 Series A & B Refunding 13,345,000 - - 13,345,000 Total Bonds Payable 77,318,000 - - 77,318,000 Deferred Loss on Refunding (4,084,312) - 789,297 (3,295,015) Unamortized Premiums/Discounts (net) 2,248,605 - (500,514) 1,748,091 Net Bonds Payable 75,482,293-288,783 75,771,076 REFUNDING BONDS ISSUED IN 2017 On April 13, 2017 the Authority completed the marketing and pricing for the sale of its Series 2017 Bonds in the total par amount of $14,395,000 of which $7,795,000 were sold as Series 2017A Non-AMT (not subject to any Federal Tax) and $6,600,000 were sold as Series 2017B AMT (subject to the Federal Alternative Minimum Tax). The Series 2017 Bonds were used, along with other funds of the Authority, to fully refund the Authority s Series 2003A, Series 2006A, Series 2006B, and Series 2006C Bonds in the aggregate amount of $16,490,000 (the Refunded Bonds). At September 30, 2018 the Authority maintained debt service reserve funds in the amount of $11.1 million and Passenger Facility Charge Funds in the amount of $12.1 million, both of which are restricted to repayment of 13

debt. Thus, the Authority s direct obligations outstanding, net of funds restricted for the repayment of debt, was $54.1 million in aggregate par amount of bonds outstanding. The graph and table below presents combined annual debt service to maturity as of September 30, 2018: Year/Debt Service 2018 $ 12,966,335 2024 $ 9,600,881 2030 $ 1,085,431 2019 10,385,696 2025 9,594,631 2031 358,863 2020 9,686,381 2026 9,608,463 2032 363,056 2021 9,694,381 2027 1,089,575 2033 361,450 2022 9,699,881 2028 1,096,950 2034 253,800 2023 9,707,881 2029 1,084,925 2035 244,400 On May 18, 2018 the Authority accepted a Settlement Offer Payment of $1.5 million for interest rate manipulation from a bank counter party to an Interest Rate Swap Agreement it entered in 2008 as a result of a 2005 option it granted to the bank counterparty and which it terminated in 2010. The class action was advanced and approved by forty-five (45) State Attorney Generals including the New York State Attorney General. In the GAAP Financial Statements, these proceeds will be reported as a Special Item. This payment was received during September 2018 and will be treated as a refund of debt service under the Signatory Airline Agreement and result in a corresponding reduction in the application of Passenger Facility Charge Funds budgeted for 2018. The Authority pledged as part of its Series 2017 Bond Issuance to apply between $2.5 million and $4.5 million of PFCs to eligible debt service through 2020 and will meet this pledge requirement. 14

OTHER POSTEMPLOYMENT BENEFITS (OPEB) TRUST In 2009 the Authority created the Albany County Airport Authority OPEB Trust to receive, accumulate, and administer funds to pay expenses for its retired employees who are eligible to receive medical insurance in retirement. The Trust is a legally separate component unit of the Authority. Under generally accepted accounting principles in effective through December 31, 2017, the unfunded liability for OPEB benefits was not reported on the employers Statement of Net Position. Effective January 1, 2018 the Authority implemented Government Accounting Standards Board Statement Number 75 Accounting and Reporting for Postemployment benefits Other Than Pensions (GASBS 75). Among other things, GASBS 75 requires employers to include the actuarially determined unfunded OPEB liability on the reporting employer s Statement of Net Position. GASBS 75 also requires the Authority to report the cost of certain factors, activities and events effecting the reported unfunded liability as deferred inflow or deferred outflows. The cumulative effect of reporting GASBS 75 effective January 1, 2018 was to reduce the previously reported Authority s Net Position reported as of December 31, 2017 by $5.2 million as of January 1, 2018. The Authority did not restate the 2017 column to show the effects of GASBS 75 on 2017 reported balance because it was not practicable to do so at this time. The effects were reported as the cumulative effect of a changing in accounting principle on the Statement of Revenues, Expenses and Changes in Net Position for the nine months ended September30, 2018. PASSENGER FACILITY CHARGE (PFC) The Authority initially received approval from the FAA to impose a PFC of $3.00 per enplaned passenger beginning March 1, 1994, not to exceed $40,726,364, principally to finance the Terminal Improvement Program. During 1996, the Authority requested and received approval to increase the amount of PFCs to $116,888,308 to be collected through the year 2022. Effective September 1, 2009, the Authority implemented an approved change in the PFC collection from $3.00 per passenger to $4.50 per passenger, with a current estimated collection period through 2020. Through September 30, 2018, the Authority has collected PFCs, including interest earnings thereon, totaling $102,500,811, or 87.7% of the total authorized. Passengers pay PFCs on the first two and last two portions of any trip. No PFCs are collected from non-revenue passengers such as a passenger using a frequent flier award ticket. The Authority calculates that it is collecting PFCs on approximately 86.7% of its enplanements. Additional information about PFC activity can found under Note 2 Summary of Significant Accounting Policies in the Notes to the Financial Statements. CREDIT RATINGS AND BOND INSURANCE The table below presents the enhanced and underlying ratings on each of the Authority s outstanding bonds. Moody's/Fitch/S&P/Kroll Moody's/Fitch/S&P Series * Bond Insurer Enhanced Rating Underlying Rating Series 2010A AGMC A2/NR/AA/AA+ A3/A-/A 2017A uninsured N/A A3/NR/A 2017B uninsured N/A A3/NR/A * Not all maturities within a Series are insured. NR = Not Rated 15

Fitch Ratings has withdrawn its insured rating of all bonds insured by AGMC effective February 25, 2010. Moody s lowered their rating of AGMC from A3 to A2 on January 17, 2013. Standard and Poor s upgraded their enhanced rating of AGMC from AA- to AA on March 18, 2014. On September 14, 2018, Standard and Poor s raised the Authority s underlying credit rating from A- to A. On January 23, 2018 AGMC received a rating of AA+ from Kroll Bond Rating Agency. The Authority s underlying credit ratings are: Moody s Investors Service A3, Fitch Ratings A- and Standard and Poor s A. RESERVES AND DEBT SERVICE COVERAGE Under the Authority s master bond resolution adopted in 1997, it is required to maintain an operating reserve equal to two months operating expenses. At September 30, 2018 the reserve requirement was $5.7 million and for which the Authority had $10.7 million on hand. The Authority also had $13.4 million in its airport Development Fund which can be used to restore a deficiency in any other fund and it had a repair and replacement reserve fund of $500,000. Also provided for in the bond resolution for each bond issue, the Authority maintains debt service reserve funds. As of September 30, 2018 the debt service reserve funds totaled $11.1 million. FINANCIAL STATEMENTS The Authority s financial statements are prepared on an accrual basis of accounting in accordance with generally accepted accounting principles promulgated by the Governmental Accounting Standards Board (GASB). The Authority operates as a single enterprise fund with revenues recognized when earned, not when received. Expenses are recognized when incurred, not when they are paid. Capital assets are capitalized and (except land) are depreciated over their estimated useful lives. Certain funds are reported as restricted based upon constraints placed on their use by contributors, grantors and debt covenants. See the Notes to the Financial Statements for a summary of the Authority s significant accounting policies. REQUEST FOR INFORMATION The Authority s basic financial statements are designed to provide detailed information on the Authority s operations and to the Authority s Board, management, investors, creditors, customers and all others with an interest in the Authority s financial affairs and to demonstrate the Authority s accountability for the assets it controls and the funds it receives and expends. Questions concerning any of the information provided in this report or any request for additional information should be addressed to the Chief Financial Officer by e-mail: boreilly@albanyairport.com or in writing to, Albany County Airport Authority, Administration Building, Suite 204, Albany, NY 12211-1057. Respectfully submitted, William J. O Reilly, CPA Chief Financial Officer 16

Albany County Airport Authority Statements of Net Position As of September 30, 2018 and December 31, 2017 ASSETS September 30, 2018 December 31, 2017 CURRENT ASSETS Unrestricted Assets: Cash and cash equivalents $ 25,522,910 $ 23,090,998 Accounts receivable - net 1,830,616 2,262,330 Due from County of Albany - 303,478 Prepaid expenses 520,067 1,061,507 Total Unrestricted Assets 27,873,593 26,718,313 Restricted Assets: Capital Funds: Cash and cash equivalents 3,398,802 2,484,987 Grant funds receivable 645,442 1,688,826 Passenger Facility Charge Funds: Cash and cash equivalents 12,122,180 10,439,296 Passenger Facility Charges receivable 563,712 563,712 Revenue Bond Funds: Cash and cash equivalents 8,848,909 10,909,819 Investments 11,049,389 277,389 Accrued interest receivable 39,975 1,809 ANCLUC Funds: Cash and cash equivalents 197,076 196,857 Concession Improvement Funds: Cash and cash equivalents 876,989 783,651 Total Restricted Assets 37,742,474 27,346,346 Total Current Assets 65,616,067 54,064,659 NON-CURRENT ASSETS Bond Insurance Premiums 317,867 369,098 Net Assets held in trust for OPEB - 308,505 Prepaid expenses 271,408 271,408 Capital Assets: Land and easements 48,102,682 48,812,345 Buildings, improvements and equipment, net of depreciation 182,463,579 193,044,204 Construction in progress 6,715,621 3,540,817 Total Capital Assets 237,281,882 245,397,366 Total Non-Current Assets 237,871,157 246,346,377 Total Assets 303,487,224 300,411,036 DEFERRED OUTFLOWS OF RESOURCES Refunding 3,295,012 4,084,309 OPEB Expenses 1,594,543 - Pension Expenses 637,802 637,802 Total Deferred Outflows of Resources 5,527,357 4,722,111 17

Albany County Airport Authority Statements of Net Position As of September 30, 2018 and December 31, 2017 LIABILITIES AND NET POSITION September 30, 2018 December 31, 2017 CURRENT LIABILITIES Payable from Unrestriced Assets: Accounts payable $ 461,446 $ 609,926 Accrued expenses 1,925,078 5,407,080 Due to County of Albany 33,866 - Total Payable from Unrestricted Assets 2,420,390 6,017,006 Payable from Restricted Assets: Construction contracts payable - 1,478,791 Construction contract retainages 172,870 317,993 Accrued interest payable 1,035,645 150,879 Current maturities of long - term debt 9,419,000 9,419,000 Total Payable From Restricted Assets 10,627,515 11,366,663 Total Current Liabilities 13,047,905 17,383,669 NON-CURRENT LIABILITIES Bonds and other debt obligations 69,647,090 70,147,604 Net OPEB liability 6,589,248 - Net pension liability - proportionate share 436,071 436,071 Total Non-Current Liabilities 76,672,409 70,583,675 Total Liabilities 89,720,314 87,967,344 DEFERRED INFLOWS OF RESOURCES Concession Improvement funds 876,989 783,651 Pension 81,412 81,412 Total Deferred Inflows of Resources 958,401 865,063 NET POSITION Net investment in capital assets 165,700,045 172,661,198 Restricted: Bond reserve funds 18,902,628 11,038,138 Passenger facility charge funds 12,685,892 11,003,008 Other restricted funds 197,076 196,857 Total Restricted: 31,785,596 22,238,003 Unrestricted 20,850,225 21,401,539 Net Position 218,335,866 216,300,740 18

Albany County Airport Authority Statements of Revenues, Expenses and Changes in Net Position For the Nine Months Ended September 30, 2018 and September 30, 2017 September 30, 2018 September 30, 2017 Operating Revenues Airfield $ 5,856,779 $ 5,385,597 Fixed Based Operations 7,736,099 6,260,198 Terminal 5,380,813 5,167,942 Concessions 6,128,096 6,029,644 Ground transportation 11,804,691 11,593,911 Other revenue 3,213,634 3,220,314 Total Operating Revenues 40,120,112 37,657,606 Operating Expenses Airfield 2,481,455 2,318,557 Fixed Based Operations 5,969,222 4,843,432 Terminal 4,302,886 3,947,582 Loading bridges 249,143 175,099 Landside 4,036,181 3,962,609 Public safety 3,002,665 2,841,691 Aircraft Rescue and Fire Fighting 1,432,196 1,429,181 Vehicle maintenance 1,104,207 994,414 Administration 4,659,370 4,506,579 Total Operating Expenses 27,237,325 25,019,144 Revenues in excess of expenses before depreciation 12,882,787 12,638,462 Depreciation 10,580,625 10,580,625 Income Before Non-Operating Income and Expenses 2,302,162 2,057,837 Non-Operating Income and (Expenses) Passenger Facility Charges 4,182,883 4,003,784 Grant income 277,817 103,740 Improvement charges 276,300 276,300 Interest income 87,901 6,387 Insurance Recoveries 76,654 - Insured Expenses (76,654) - Interest expense (2,949,284) (3,458,054) Amortization of bond insurance premiums (51,231) (57,210) Total Non-Operating Income and (Expenses) 1,824,386 874,947 Income before Capital Contributions 4,126,548 2,932,784 Capital Contributions, Special and Extraordinary Items Capital Contributions 1,450,264 486,417 Special Item - LIBOR settlement 1,496,915 - Extraordinary Item - sale of land 148,595 - Total Capital Contributions, Special and Extraordinary Items 3,095,774 486,417 Net Position Increase in Net Position 7,222,322 3,419,201 Net Position, Beginning of Year 216,300,740 210,454,518 Cumulative change in accounting principle (5,187,196) - Net Position, Beginning of Year, as restated 211,113,544 210,454,518 Net Position, End of Year $ 218,335,866 $ 213,873,719 19

Albany County Airport Authority Statements of Cash Flows For the Nine Months Ended September 30, 2018 and September 30, 2017 September 30, 2018 September 30, 2017 Cash Flows From Operating Activities Cash received from providing services $ 40,551,826 $ 39,245,142 Cash paid to suppliers (28,895,551) (28,082,891) Cash paid to employees (977,458) (926,997) Net Cash Provided By Operating Activities 10,678,817 10,235,254 Cash Flows From Noncapital Financing Activities Grant income 277,817 103,740 Net Cash Provided By Noncapital Financing Activities 277,817 103,740 Cash Flows From Investing Activities Purchase of Investments (10,772,000) - Interest received 49,735 6,387 Interest on passenger facility charges 10,624 13,530 Net Cash Provided/(Used) by Investing Activities (10,711,641) 19,917 Cash Flows From Capital and Related Financing Activities Purchase of property and equipment (4,089,055) (4,199,349) Payments to refunding agent - (16,794,552) Proceeds from issuance of bonds - 15,826,250 Cost of issuance - (335,179) Interest paid (1,775,735) (1,626,973) Concession improvement funds 93,338 90,472 Improvement charges 276,300 276,300 Capital contributions 4,139,158 1,289,087 Passenger facility charges 4,172,259 3,990,254 Net Cash Used By Capital and Related Financing Activities 2,816,265 (1,483,690) Net Increase in cash and cash equivalents 3,061,258 8,875,221 Cash and cash equivalents, beginning of year 47,905,608 48,024,342 Cash and cash equivalents, end of year $ 50,966,866 $ 56,899,563 Reconciliation of Operating Income to Net Cash Provided By Operating Activities: Income before non-operating income and expenses $ 2,302,162 $ 2,179,723 Adjustments to reconcile loss from operations to net cash provided by operating activities: Depreciation 10,580,625 10,580,625 Decrease in assets: Accounts receivable 431,714 1,587,536 Due from County of Albany 303,478 262,136 Net Assets held in trust for OPEB - 81,291 Prepaid expenses 541,440 224,447 Deferred OPEB Expenses 116,014 - Increaase/(Decrease) in liabilities: Due to County of Albany 33,866 131,230 Accounts payable and accrued expenses (3,630,482) (4,811,734) Net Cash Provided By Operating Activities $ 10,678,817 $ 10,235,254 Noncash Capital and Related Financing Activities: Capital Assets and related receivables $ 2,688,894 $ 802,670 Total Noncash Capital and Related Financing Activities $ 2,688,894 $ 802,670 20

Albany County Airport Authority OPEB Trust Statements of Fiduciary Fund Net Position As of September 30, 2018 and December 31, 2017 September 30, 2018 December 31, 2017 ASSETS Cash and cash equivalents $ 2,064,493 $ 2,058,413 Total Assets 2,064,493 2,058,413 DEFERRED OUTFLOWS OF RESOURCES - - Total Deferred Outflows of Resources - - LIABILITIES - - Total Liabilities - - DEFERRED INFLOWS OF RESOURCES - - Total Deferred Inflows of Resources - - NET POSITION Net Position - Restricted for OPEB $ 2,064,493 $ 2,058,413 21

Albany County Airport Authority OPEB Trust Statements of Changes in Fiduciary Fund Net Position For the Nine Months Ended September 30, 2018 and September 30, 2017 September 30, 2018 September 30, 2017 Additions to Net Position Attributed to: Contributions Employer $ - $ - Interest Income 6,080 1,423 Total Additions 6,080 1,423 Deductions from Net Position Attributed to: Retirement benefits - - Administrative expenses - - Total Deductions - - Increase in Net Position 6,080 1,423 Net Position - Restricted for OPEB, Beginning of Year 2,058,413 1,900,888 Net Position - Restricted for OPEB, End of Year $ 2,064,493 $ 1,902,311 22

ALBANY COUNTY AIRPORT AUTHORITY Notes to Financial Statements September 30, 2018 NOTE 1 - Organization and Reporting Entity Organization: The Albany County Airport Authority (Authority), a body corporate and politic, constituting a public benefit corporation, was established by the State of New York (State) August 4, 1993, pursuant to the provisions of Chapter 686 of the Laws of 1993 as set forth in Title 32 of the State s Public Authorities Law. As a public benefit corporation, the Authority is independent, distinct from, and not an agent of the State or any other of the State s political subdivisions, including the County of Albany (County). The Authority consists of seven members, four appointed by the majority leader of the County Legislature and three by the County Executive, who jointly designate one of the seven members as chairperson, and all with approval of the County Legislature. The Authority members serve for a term of four years or until their successor is appointed, except that any person appointed to fill a vacancy will be appointed to serve only the unexpired term. Members of the Authority are eligible for reappointment. On March 15, 1994, the Authority and the County entered into an Interim Agreement, whereby the County granted, and the Authority accepted, sole possession, use, occupancy and management of the Albany International Airport (Airport), including all rights, interest, powers, privileges and other benefits in each and every contract relating to the maintenance, operation, leasing, management or construction of the Airport, and all other rights, privileges or entitlement necessary to continue to use, operate and develop the Airport. The Authority and the County entered into a permanent Airport Lease Agreement, dated December 5, 1995, which upon its approval by the Federal Aviation Administration (FAA) became effective on May 16, 1996 for an initial term of forty (40) years, whereby the Authority has the exclusive right to operate, maintain and improve the Airport and do anything else permitted by law, subject only to the restrictions and conditions stated in such Airport Lease Agreement and in accordance with applicable Federal, State and local laws. In October 2018, the Albany County Legislature approved an extension amending the date of the lease agreement through December 31, 2049. The lease extension is currently with the Albany County Executive for execution. Pursuant to the State enabling Legislation, the Authority may not undertake any capital project, other than the redevelopment project described in the enabling legislation, known as the Terminal Improvement Program, unless the project has first been approved by the County as part of a five-year Capital Improvement Program. For these purposes, the term capital project is defined as the construction, reconstruction or acquisition of airport or aviation facilities. Prior to March 15, 1994, the Airport operated as a fund of the County. As of March 15, 1994 the County transferred the use of all assets and substantially all liabilities of the County s Airport Enterprise Fund to the 23

Authority. These assets and liabilities were recorded by the Authority at a Net Asset value equal to $46,824,500. The Authority is not subject to Federal, State or local income, property or sales taxes, except for property taxes due on properties acquired by the Authority until they are removed from the tax rolls as of the next assessment date. However, the Authority may agree to make certain payments in lieu of taxes for real property owned or used by the Authority for purposes other than public aviation purposes and under other limited circumstances. The Authority has contracted with AFCO AvPorts Management LLC, (d/b/a Avports), to manage the daily operations of the airport under a three year term expiring December 31, 2018. The Authority has also contracted with REW Investments, Inc., (d/b/a Million Air), to manage the fixed based operations of the airport under a three year term expiring August 31, 2019. Both agreements are renewable with the approval of both parties. Reporting Entity: The Authority meets the criteria set forth in generally accepted accounting principles as promulgated by the Governmental Accounting Standards Board (GASB) for inclusion as a component unit within the County s basic financial statements based on the County s responsibility for the appointment of the Authority members, and their approval of capital programs and certain debt issuances. As such, the Authority is included in the County s basic financial statements. The accompanying financial statements present the financial position and the changes in net position and cash flows of the Authority only. The Authority is not involved in any joint ventures. The Authority has established a written, single employer, defined benefit plan to provide healthcare benefits to eligible former employees and/or their qualifying dependents. The Authority also established a legally separate trust known as the Albany County Airport Authority OPEB Trust to receive and manage contributions from the Authority to fund its obligations for retiree health care benefits under the written plan. The Albany County Airport Authority OPEB Trust is included in the Authority s financial statements as a separate Fiduciary Fund of the Authority under accounting principles promulgated by GASB. NOTE 2 - Summary of Significant Accounting Policies Basis of Accounting: The accompanying financial statements have been prepared in conformity with generally accepted accounting principles (GAAP) for state and local governments. GASB is the accepted standard-setting body for establishing governmental accounting and financial reporting principles for state and local governments in the United States of America. The Authority s operations are presented as a single enterprise fund. Enterprise funds distinguish operating revenues and expenses from non-operating items in accordance with the flow of economic resources measurement focus and the accrual basis of accounting. All assets, liabilities, net position, revenues, and expenses are accounted for through a single enterprise fund with revenues recorded when earned and expenses recorded at the time liabilities are incurred. 24

Revenues from airlines, FBO operations, concessions, property rentals, operating permits, and parking fees are reported as operating revenues. All expenses related to operating the Airport are reported as expenses. Passenger facility charges, noncapital grants, capital improvement charges, interest and investment income are reported as non-operating income. Interest expense, financing costs and grant expenses are reported as non-operating expenses. Capital contributions, special and extraordinary items are reported separately after non-operating revenues and non-operating expenses. Cash, Cash Equivalents and Investments: The deposit and investment of Authority monies is governed by provisions in its enabling legislation and by a Cash Management and Investment Policy adopted by the Authority on September 13, 1994 and last amended March 26, 2014. Any bank or trust company with a full service office in the County is authorized for the deposit of monies. Monies not needed for immediate expenditure may be invested in (1) United States Treasury obligations with maturities of seven years or less, (2) obligations backed by the United States Government full faith and credit, (3) New York State, New York State agency or New York State subdivisions (cities, towns, villages, counties) obligations with, (4) certificates of deposit fully collateralized from a bank or trust company in New York State, (5) notes, bonds, debentures, mortgages and other evidences of indebtedness of certain agencies sponsored by the United States government provided at the time of investment such agency or its obligations are rated and the agency receives, or its obligations receive, the highest rating of all independent rating agencies that rate such agency or its obligations, and (6) repurchase agreements using United States Treasury obligations with maturities of seven years or less. Investments are stated at fair value or amortized cost. For purposes of the statement of cash flows, the Authority considers all highly liquid investments (including restricted assets) with an original maturity of three months or less when purchased to be cash equivalents. Cash equivalents, which are stated at cost, consist of certificates of deposit, and treasury notes. Investments are reported at fair value. Receivables: Receivables are reported at their gross value when earned and are reduced by the estimated portion that is expected to be uncollectible. The allowance for uncollectible amounts is based on collection history, aviation industry trends and current information regarding the credit worthiness of the tenants and others doing business with the Authority. When continued collection activity results in receipt of amounts previously written off, revenue is recognized for the amount collected. Restricted Assets: Restricted assets consist of monies and other resources which are restricted legally as described below: Capital Funds - These assets represent capital debt proceeds and grant funds that are restricted for designated capital projects and cannot be expended for any other item. Passenger Facility Charges Funds - These assets represent Passenger Facility Charges (PFC) collections based on an approved FAA application to Impose such charges on enplaned passengers at the Airport. These funds are restricted for designated capital projects and any debt incurred to finance the construction of those projects. The Authority recognizes and reports as other income PFCs earned when all conditions have 25

been met that entitles the Authority to retain the PFCs. PFCs received prior to this time are reported as restricted net position. Revenue Bond Funds - These assets represent Series 2010 and 2017 general airport revenue bond (GARB) proceeds and Series 1999 Environmental Facilities Corporation (EFC) bond proceeds held in Bond Reserve Accounts. Bond reserve accounts for the Series 2010 and Series 2017 Bonds equal 125% of the average annual debt service due on bonds at the time of issuance. ANCLUC Funds - These assets represent Airport Noise Control and Land Use Compatibility (ANCLUC) program funds. These Airport funds were generated through the sale or rental of airport noise abatement properties acquired with Federal and State aid and interest earnings thereon. The use of such revenues is restricted to Airport Improvement Program eligible project costs contingent upon FAA concurrence. Concession Improvement Funds - These assets represent 1% of gross revenues of all food and beverage and retail concessions held in escrow to potentially fund the planning, developing, construction, remodeling, renovating or replacing of any of the concessionaire s leased area during the term of the concession agreement. Use of the funds during the term of the lease is subject to the Authority s sole approval. Funds remaining at the end of a concession agreement are retained by the Authority. Capital Assets: Capital assets include land, improvements to land, easements, buildings, building improvements, vehicles, equipment and all other tangible assets that are used in operations and have useful lives extending beyond a single reporting period. Capital Assets assumed by the Authority on March 15, 1994 are carried at historical cost, net of accumulated depreciation. Acquisitions of new assets costing $50,000 or more are recorded at cost. Maintenance and repairs are expensed as incurred. When depreciable assets are disposed of, the related costs and accumulated depreciation are removed from the respective accounts and any gain or loss on disposition is credited or charged to an expense. Capital Assets are written off when fully depreciated unless clearly identified as still being in use. Capital Assets are written-down due to impairment if circumstances indicate a significant or unexpected decline in an assets service utility has occurred. Impaired Capital assets are written down using an approach that best reflects the decline in service utility. Assets to be disposed of and assets held for sale are reported at the lower of carrying value or fair value less costs to dispose of. Depreciation of capital assets is computed using the straight-line method at various rates considered adequate to allocate costs over the estimated useful lives of such assets. The estimated lives by general classification are as follows: Years Buildings and improvements... 5-30 Vehicles, machinery and equipment... 5-15 26

Capitalization of Interest: Interest costs incurred that relate to the acquisition or construction of capital assets acquired with tax-exempt debt are capitalized. The amount of interest to be capitalized is calculated by offsetting interest expense incurred from the date of the borrowing until completion of the project, with interest earned on invested debt proceeds over the same period. Capitalized interest cost is prorated to completed projects based on the completion date of each project. No interest was capitalized in 2016 or 2017. Bond Issue Costs, Original Issue Discount and Deferred Loss on Bond Refundings: Bond insurance (an issuance cost) is deferred and amortized over the life of the respective issue on an effective interest method. Original issue discounts and deferred loss on refundings on long-term indebtedness are amortized using the effective interest method over the life of the debt to which it relates. Interest on capital appreciation debt is accreted using the effective interest method. Capital Contributions: Certain expenditures for Airport capital assets are significantly funded through the Airport Improvement Program (AIP) of the Federal Aviation Administration (FAA), with certain matching funds provided by the State and the Authority, or from various State allocations or grant programs. Capital funding provided under government grants is considered earned as the related allowable expenditures are incurred. Grants for capital asset acquisition, facility development and rehabilitation and eligible long-term planning studies are reported in the Statements of Revenues, Expenses and Changes in Net Position, after other income and expenses, as capital contributions. Revenue Recognition: Airfield Landing Fee Charges - Landing fees are principally generated from scheduled airlines, cargo carriers and non-scheduled commercial aviation and are based on the gross landed weight of the aircraft. The estimated landing fee structure is determined annually pursuant to an agreement between the Authority and the signatory airlines based on the adopted operating budget of the Authority and is adjusted at year end for the actual landed weight of all aircraft. Landing fees are recognized as revenue when the related facilities are utilized. FBO, Terminal Rents, Concessions and Ground Transportation - FBO revenues are generated from commercial and general aviation users, rental and concession fees are generated from airlines, parking lots, food and beverage, retail, rental cars, advertising and other commercial tenants. Leases are for terms from one to ten years and generally require rentals based on the volume of business, with specific minimum annual rental payments required. Rental revenue is recognized over the life of the respective leases and concession revenue is recognized based on reported concessionaire revenue. Other - All other types of revenues are recognized when earned. 27

Special Items and Extraordinary Items: Special Items - Special items are significant transactions or other events within the control of management that are either unusual in nature or infrequent in occurrence. Extraordinary Items - Extraordinary items are transactions or other events that are both unusual in nature and infrequent in occurrence. Passenger Facility Charges: Passenger Facility Charges (PFC) at the rate of $3 per enplaned passenger have been levied by the Airport since March 1, 1994 under an FAA approved application to impose $40,726,364 with collection thereof estimated to be complete in the year 2005. During 1996, the Authority received approval to increase the amount of PFC collections to $116,888,308 extending the estimated collection period through the year 2022. In 2009, the Authority received approval to change the PFC collection from $3.00 per passenger to $4.50 per passenger, with a current estimated collection period through 2020. Through September 30, 2018, the Authority has collected PFCs including interest earnings thereon totaling $102,500,811. PFC funds, along with related interest earnings, are recorded as restricted net position until they are applied against future debt service payments under an FAA approved Application to Use. PFC receipts are recognized and recorded as non-operating revenues in the year they are collected. The Authority previously expended $11.2 million of PFCs on projects funded on a pay-as-you-go basis. The Authority also covenanted in the Resolution authorizing the Series 2010A Refunding Bonds to apply future PFC collections to pay a portion of the debt service related to the FAA approved projects included in the Applications. Pursuant to the Resolution, PFCs collected and deposited in a segregated account, together with the interest earned thereon, are applied towards the subsequent debt service payments reducing the amount of debt to be funded from net operating revenue. Through September 30, 2018, the Authority has applied $85.7 million of PFC s towards the payment of debt service. The Authority has pledged to bondholders to apply between $2.5 million and $4.5 million in PFC annually through 2020 toward eligible debt service. Compensated Absences: Employees accrue vacation in varying amounts based on length of service. Employees can accumulate up to 300 hours, or 37.5 days of vacation time. Unused vacation time can be liquidated for cash upon separation, retirement or death. Sick leave is earned by regular, full-time employees at the rate of one day per month. Employees can accumulate up to 1,320 hours or 165 days of sick leave. Any sick leave hours unused at the time of an employee s retirement can be applied as additional service credit in calculating retirement benefits in the New York State Employees Retirement System. It is the policy of the Authority not to pay accumulated sick leave to employees who terminate prior to retirement. The liability for compensated absences earned through year-end, but not yet taken, is accrued by charging the expense for the change in the liability from the prior year. 28

Pension Plan: The Authority applies GASB Statement No. 68, Accounting and Financial Reporting for Pensions (GASB 68) to recognize the net pension asset (liability), deferred outflows and deferred inflows of resources, pension expense (revenue), and information about and changes in the fiduciary net position on the same basis as reported by the cost-sharing, multiple employer, defined benefit pension plan. The Authority also applies GASB Statement No. 71, Pension Transition for Contributions Made Subsequent to the Measurement Date (GASB 71) to report additional deferred outflows. The Authority participation in the plans is mandated by State law and includes the New York State and Local Employees Retirement System (ERS) and the Optional Voluntary Defined Contribution (VDC) (the Systems). The Systems recognize benefit payments when due and payable in accordance with benefit terms; investment assets are reported at fair value. Estimates: The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, through subsequent events, actual results could differ from those estimated. Adoption of New Accounting Standards: The Authority adopted GASB issued Statement #75, Accounting and Financial Reporting for Postemployment Benefit Plans Other Than Pensions, which is required to be implemented in fiscal year 2018. The pronouncement replaces previously issued guidance and establishes new accounting and financial reporting requirements for governments whose employees are provided other postemployment benefits. GASBS 75 requires prior period financial information presented be restated to reflect the new accounting standard, unless it is not practical to do so. As of September 30, 2018 the Authority does have GASBS 75 actuarial reports available to restate the financial information for the year ended December 31, 2017 and has reported the change in beginning net assets at January 1, 2018 as the cumulative effective of a changing in accounting standards. NOTE 3 Remaining Notes to these Quarterly Financial Statements These financial statements reflect an interim period ended September 30, 2018 and the Notes to the Financial Statement should be read in conjunction with these financial statements. The information in following notes discussing Other Postemployment benefits and Subsequent Events should be relied upon and supersedes the information reported in the Authority s 2017 Basic Financial Statements included in the its 2017 Comprehensive Annual Financial Report. The OPEB Plan is a single-employer defined benefit healthcare plan trust administered by the Authority. The Plan provides medical insurance benefits to eligible retirees who elect to receive it and their eligible dependents. Membership of the Plan consists of 9 retirees currently receiving benefits and 30 plan members composed of; 21 Active, 14 retired and 1 deceased employee. The Plan is a governmental plan that is not subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA). The Plan was created by the Albany County Airport Authority to be managed by a sole trustee intended to be the Chief Financial Officer of the Authority who is the plan Trustee. The Plan is a component unit of the Albany County Airport Authority. The Trust has a fiduciary duty to provide plan benefits to eligible beneficiaries. So long as 29

the Albany County Airport Authority provides the required benefits, the Trust s obligation is fulfilled and it may than reimburse the Albany County Airport Authority for the cost of the benefits provided, if requested to do so. Eligibility An employee hired on or after January 1, 2005 shall become eligible to retire under this plan upon attainment of age 55 as an active member and completion of 10 years of service. Those hired after January 1, 2010 shall be eligible to retire upon attainment of age 62 with 10 years of creditable service. Contributions Contributions to the Plan are likely to be entirely funded by the employer (the Authority). Participants hired prior to July 1, 2005 are not required to contribute to the plan. Participants hired on or after July 1, 2005 are required to contribute 10% of the cost of plan benefits to the plan, offset by the value of their unused sick leave up to 1,320 hours at the time of retirement. The Plan was established and may be amended by the Authority. The Authority has no obligation to fund the plan. Contributions made were provided for in the Authority s annual budgets for 2008 through 2017 along with interest earnings thereon. Any future contributions to the plan would be authorized by a future resolution of the Authority. Net OPEB Liability The net OPEB liability was measured as of January 1, 2018, and the total OPEB liability used to calculate the net OPEB liability was determined by an actuarial valuation as of that date. Investment Policy The Authority has adopted an investment policy for the Trust that the Authority may amend from time to time. The Authority adopted an Investment Policy for effectively supervising, monitoring and evaluating the investment assets of the Plan. The investment policy allows for the plan assets to be comprised of: Fixed Income... 0%-60% Cash Equivalent... 5%-100% Domestic Equity... 0%-60% International Equity... 0%-60% Other Equity... 0%-20% As of September 30, 2018 all plan assets were on deposit with M & T Bank, in a an interest bearing demand deposit account, the entire balance of which was collateralized by obligations that are guaranteed by the U.S. Government and held by a 3 rd party custodian. The Trustee believes the investment and management of the assets of the Plan have complied with the Trust investment policy adopted by the Authority. 30

Actuarially Determined Contribution (ADC) The Airport s Actuarially Determined Contribution (ADC) is an amount actuarially determined in accordance with parameters of GASB Statement 74/75 which represents a level of funding that, if paid on an ongoing basis, is projected to cover the service cost each year and amortize any unfunded actuarial liabilities (or funding excess). The following table shows the components of the Airport s annual ADC for the fiscal year and the amount actually contributed to the plan: For the fiscal year ending December 31, 2018 Service Cost 220,546 30 year amortization of NOL at 3.75% 263,744 Actuarial determined contribution 484,290 Contributions in relation to the actuarially determined contribution (300,000) Contribution deficiency/(excess) 184,290 Covered Employee Payroll 1,908,791 Contributions as a % of covered employee payroll 15.72% Funded Status and Funding Progress As of the January 1, 2018 Measurement Date, the plan was 24.13% funded. The Total OPEB Liability (TOL) for benefits was $8,531,647, and the Fiduciary Net Position was $2,058,413, resulting in a Net OPEB Liability (NOL) of $6,473,234. The covered payroll (annual payroll of active employees covered by the plan) was $1,908,791 and the ratio of the NOL to the covered payroll was 339.1%. Actuarial valuations of an ongoing plan involve estimates of the value of reported amounts and assumptions about the probability of occurrence of events far into the future. Examples include assumptions about future employment, investment returns, mortality, and the healthcare cost trend. Amounts determined regarding the funded status of the Plan and the annual required contributions of the employer are subject to continual revision as actual results are compared with past expectations and new estimates are made about the future. The schedule of funding progress, presented as required supplementary information following the notes to the financial statements, presents multiyear trend information about whether the actuarial value of plan assets is increasing or decreasing over time relative to the actuarial accrued liabilities for benefits. Since this is the first year of implementation, only the current year information is presented. 31

Changes in the OPEB Liability Net OPEB Liability at beginning of period $ 4,878,691 Service cost 220,546 Interest 188,539 Projected earnings on OPEB plan investments 1,902 Differences between expected and actual experie 1,483,556 Employer Contributions (300,000) Net OPEB Liability at end of period $ 6,473,234 Changes in Deferred Outflows Deferred Outflow at the beginning of the period $ - Deferred Outflow created during the period From actual vs. expected experience 1,416,085 From investment experience 67,471 Net OPEB Expense 110,987 Actual amount paid for current year retirees 38,233 Deferred Outflow at the end of the period $ 1,632,776 Discount rate The discount rate used to calculate the total OPEB liability was 3.75%. The following table presents the results if the discount rate was 1% lower or 1% higher: Impact of a 1% Change in the Discount Rate as of January 1, 2018 Reporting Date 1% Decrease (2.75%) Current Discount Rate (3.75%) 1% Increase (4.75%) Net OPEB Liability $ 8,002,310 $ 6,473,234 $ 5,254,553 Service Cost $ 289,732 $ 220,546 $ 169,681 Healthcare Trend The healthcare cost trend cost rate used to calculate the total OPEB liability was 5%. The following table presents the results if the healthcare cost rate was 1% lower or 1% higher: Impact of a 1% Change in the Healthcare Cost Trend as of January 1, 2018 Reporting Date 1% Decrease (4.00%) Current Discount Rate (5.00%) 1% Increase (6.00%) Net OPEB Liability $ 5,109,674 $ 6,473,234 $ 8,209,427 Service Cost $ 175,961 $ 220,546 $ 278,926 32

Actuarial Methods and Assumptions Projections of benefits for financial reporting purposes are based on the written plan as currently approved by the Authority and include the types of benefits provided at the time of each valuation and the historical pattern of sharing of benefit costs between the employer and plan members to that point. The actuarial methods and assumptions used include techniques that are designed to reduce the effects of shortterm volatility in actuarial accrued liabilities and the actuarial value of assets, consistent with the long-term perspective of the calculations. Investment rate of return Municipal bond rate Actuarial Cost Method Single equivalent discount rate: Inflation Salary Increases Cost of living adjustments Pre-retirement mortality Post-retirement mortality Disabled mortality Mortality experience study 3.70%, net of OPEB plan investment expense, including inflation. 3.16% as of January 1, 2018 (source: S&P Municipal Bond 20-Year High Grade Index-SAPIHG) Individual Entry Age Normal 3.75%, net of OPEB plan investement expense, including inflation. Using a blend of the Municipal Bond Index Rate for unfunded periods and the Investment Rate of Return for funded periods, based on GASB No. 74 Implementation Guide Exposure Draft; IG ED 4.136. 2.75% as of January 1, 2018 and for future periods 3.00% annually as of January 1, 2018 and for future periods Not Applicable RP-2000 Employees Mortality Table projected generationally with scale BB and a base year 2009 for males and females RP-2000 Employees Mortality Table projected generationally with scale BB and a base year 2009 for males and females RP-2000 Employees Mortality Table projected generationally with scale BB and a base year 2009 for males and females The mortality assumptions reflect an experience analysis published in 2014 (based on the years 2006-2011), updated to reflect data through January 1, 2015 for post-retirement mortality, and professional judgement. As such, mortality assumptions reflect observed current mortality as well as expected mortality improvements. 33

OPEB Expense Development Components of the Airport s OPEB expenses for the fiscal year ending December, 31, 2018: Service Cost $ 220,546 Interest on the Net OPEB Liability (asset), service cost, and benefit payments 188,539 Projected earnings on OPEB plan investments 1,902 Total employer contribution (300,000) Net OPEB Expense $ 110,987 Money Weighted Rate of Return Beginning value - January 1, 2017 1,900,888 Annual contribution to OPEB Trust 155,615 Annual interest earnings 1,910 Ending Value - December 31, 2017 2,058,413 Money weighted rate of return 0.09% Subsequent Events and Related Party Transactions Land Acquisition During 2017, the Authority and County of Albany came to an agreement in principle for the Authority to acquire from the County two parcels of land comprising approximately 13 acres for $2,655,000 for future airport development. The land is presently developed with an ice hockey community recreational facility and an access road. The Airport currently uses a portion of the undeveloped portion of the parcels for Airport Valet Parking operations. Under the agreement, the County would continue to operate the ice hockey facility as a community recreational facility for five years paying rent of $1 per year. The acquired land parcels will be added to the Airport Layout Plan and become part of the Airport. The agreement to acquire the property is based upon consideration that approximated appraised fair value. In August of 2018, the Authority accepted a grant of $22,131,900 from the State of New York (the State Capital Grant) to fund certain Airport capital improvements that requires the Authority to provide $18,250,000 of Airport Funds and $1,800,000 in Federal Grant Funds toward the total capital project cost of $42,191,900. As a result of acceptance of the this capital funding grant, the Authority intends to seek additional federal funding to relocate the County ice hockey facility after it completes a Master Plan study. The Authority does not currently intend to use cash on hand or other borrowed funds to complete this acquisition. The agreement called for the Authority lease with the County to be extended by 13 years to facilitate the Authority s contemplated borrowing plans as a result of this land acquisition. In October 2018, the Albany County Legislature approved an extension amending the date of the lease agreement through December 31, 2049 to accommodate a 30 year borrowing to fund a portion of the Airport local share funding requirement. The lease extension is currently with the Albany County Executive for execution. Class Participation Settlement Offer In April of 2018 the Authority received a Notice of Settlement from the New York State Attorney General s office which offered the Authority the opportunity to receive a settlement in the amount of $1.496 million from an out-of-court settlement between 45 State Attorney Generals (including 34

New York) and Deutsche Bank for alleged manipulation of LIBOR. The total settlement fund is in the amount of $213,350,000. The Authority accepted this settlement offer and will report the funds as a Special Item because it is unusual and infrequent and within Management s control. Capital Asset Impairment/Depreciation Estimates The Authority completed improvements to the roof of its terminal buildings in 2016 at a cost of $1,505,518 which it began depreciating over a twenty year estimated useful life as of March 1, 2016. At December 31, 2017 the undepreciated balance of the cost of the improvement is $1,367,512. Evidence has emerged that the useful life of this improvement has diminished significantly and the product failed. The Authority and product manufacturer are in the process of replacing the roof membrane the majority of the cost of which will be paid by the product manufacture. No change in value or depreciation of the roof improvement asset has been recorded at this time. Insurance Recovery The Authority owns and rents several commercial aircraft hangars. On October 24, 2017 the fire suppression system discharged on a false condition indication in one hangar. The cause of this incident could not be determined. The incident resulted in mitigation and monitoring expenses and tenant claim for uninsured losses have accumulated to $299,356 through September 30, 2018. These insured expenses and insurance receivable have been as they are accepted and realized as non-operating income and nonoperating expense on the Statement of Revenues, Expenses and Changes in Net Position. For the nine months ended September 30, 2018, $76,654 was realized as non-operating income and non-operating expense related to this incident. The Authority believes all claims against the Authority related to this incident have been satisfied by insurance. Land Disposition The State of New York and the Authority entered an Agreement for the Authority to transfer 16.4 acres of land for a highway access project for $855,000 plus $3,257 in interest and fees. The transaction was completed in July of 2018. The Authority s cost basis in the transferred land was $706,662 and this represents the recorded value of Capital Assets transferred to the State. The difference between this recorded value and the $858,257 in proceeds represents a gain on the transfer of the asset and will be reported as an Extraordinary Item because the transaction is infrequent and outside the control of Management. The entire $858,257 is restricted for use for Federal Airport Improvement Program grant eligible projects. 35

REQUIRED SUPPLEMENTARY INFORMATION 36

Required Supplementary Information Schedule of Changes in the Airport s Net OPEB Liability and Related Ratios For the quarter ended September 30, 2018 2018 Total OPEB Liability 8,531,647 Service Cost 220,546 Interest on total OPEB liability, service cost and benefit 259,822 Changes in benefit terms - Difference between expected & actual plan experience 1,416,085 Changes of assumptions - Benefit payments excluding implicit cost N/A Implicit cost amount N/A Total benefit payments including implicit cost (144,385) Net change in OPEB liability 1,752,068 Total OPEB liability - beginning of period 6,779,579 Total OPEB liability - end of period 8,531,647 Plan Fiduciary Net Position 2,058,413 Interest on fiduciary net position 71,283 Earning from plan investments (69,373) Net investment gain/(loss( 1,910 Employer contribution to trust 300,000 Benefit payments from trust, including refunds of memb (144,385) Administrative expense - Other - Net change in plan fiduciary net position 157,525 Plan fiduciary net position - beginning of period 1,900,888 Plan fiduciary net position - end of period 2,058,413 Net OPEB liability 6,473,234 Plan Fiduciary net position as a % of total OPEB liability 24.13% Coverered employee payroll 1,908,791 Plan NOL as a % of covered employee payroll 339.13% Single discount rate to calculate plan liabilities 3.75% ** Schedule is intended to show information for 10 years. Information will be provided as available until a full 10 years of data is included. 37

Required Supplementary Information OPEB Expense and Deferred Outflows of Resources For the quarter ended September 30, 2018 Difference between actual & expected experience $ 1,416,085 Net difference between projected & actual earnings on OPEB plan investments 67,471 Total $ 1,483,556 Year Ended December 31: 2019 $ 296,711 2020 296,711 2021 296,711 2022 296,711 2023 296,712 thereafter ** Schedule is intended to show information for 10 years. Information will be provided as available until a full 10 years of data is included 38

*** UNAUDITED - FOR INTERNAL REVIEW*** Financial Information 39

Albany County Airport Authority 2018 Summary of Revenues, Expenses and Net Results 2018 SEPTEMBER 30, 2018 September 2018 Actual / Adopted FY Budget Actual Variance Variance 2017 Prior Year Budget YTD YTD YTD % YTD Actual Var % AIRPORT REVENUES Airline $ 14,333,604 $ 10,729,884 $ 11,067,139 $ 337,255 3.14% $ 10,375,131 6.67% Non-Airline 30,022,831 22,547,898 22,918,371 370,473 1.64% 22,527,648 1.73% Total Revenues 44,356,435 33,277,782 33,985,510 707,728 2.13% 32,902,779 3.29% FIXED BASED OPERATOR RETAIL SALES Fixed Based Operator Retail Sales 6,608,465 4,840,532 6,134,603 1,294,071 26.73% 4,754,829 29.02% Cost of Sales 4,327,205 3,164,450 4,063,536 (899,086) -28.41% 2,976,332-36.53% Net FBO Retail Sales 2,281,260 1,676,082 2,071,067 394,985 23.57% 1,778,497 16.45% EXPENSE SUMMARY AvPorts-Airport Management 23,040,664 17,309,233 16,960,348 348,885 2.02% 16,136,948-5.10% Million Air-FBO Management 3,238,577 2,436,609 2,371,621 64,988 2.67% 2,327,882-1.88% Authority 4,603,949 3,537,492 3,541,823 (4,331) -0.12% 3,278,183-8.04% Total Expenses 30,883,190 23,283,334 22,873,792 409,542 1.76% 21,743,013-5.20% OPERATING RESULTS 15,754,505 11,670,530 13,182,785 1,512,255 12.96% 12,938,263 1.89% OTHER REVENUES (EXPENSES) Interest Earnings 10,783 6,601 87,901 81,300 1231.63% 6,387 1276.25% Passenger Facility Charges 4,330,913 3,248,185 2,500,000 (748,185) -23.03% 3,249,234-23.06% ACAA '99 EFC Debt (447,204) (335,403) (335,403) 0 0.00% (330,183) -1.58% ACAA '03 Debt Service 0 0 0 0 0.00% (119,410) 100.00% ACAA '06 A & B Debt Service 0 0 0 0 0.00% (277,540) 100.00% ACAA '06 C Debt Service 0 0 0 0 0.00% (100,604) 100.00% ACAA '10 A Debt Service (10,626,139) (7,969,604) (7,969,604) 0 0.00% (7,978,131) 0.11% ACAA '17 A Debt Service (757,375) (568,031) (568,031) 0 100.00% (378,942) -49.90% ACAA '17 B Debt Service (1,203,925) (902,944) (902,944) 0 100.00% (602,400) -49.89% Special Item - LIBOR Settlement 0 0 1,496,915 1,496,915 100.00% 0-100.00% Extraordinary Item - Sale of Land 0 0 148,595 148,595 100.00% 0-100.00% Non-Capital Equipment (240,000) (180,000) (222,495) (42,495) 23.61% (177,914) -25.06% Insurance Recoveries 0 0 76,654 76,654 0.00% 0 0.00% Insured Expenses 0 0 (76,654) (76,654) 0.00% 0 0.00% Grant Income 138,700 103,740 277,817 174,077 167.80% 103,740-167.80% Improvement Charges 368,400 276,300 276,300 0 0.00% 276,300 0.00% Total Other Revenues(Expenses) (8,425,847) (6,321,157) (5,210,949) 1,110,207-17.56% (6,329,463) 17.67% NET RESULTS BEFORE RESERVES 7,328,658 5,349,374 7,971,836 2,622,462 49.02% 6,608,800-20.62% Less: Capital Improvements (3,123,697) (2,342,773) (2,342,773) 0 0.00% (2,324,583) -0.78% Less: Reserve Requirements (200,381) (200,381) (200,381) 0 0.00% (169,068) 18.52% NET RESULTS 4,004,580 2,806,220 5,428,682 2,622,462 93.45% 4,115,149-31.92% Revenue Sharing: Transfer to/from Airlines (50%) 2,002,290 1,403,110 2,714,341 1,311,231 93.45% 2,057,575-31.92% Authority Share (50%) 2,002,290 1,403,110 2,714,341 1,311,231 93.45% 2,057,575-31.92% Less: Airline Incentives (107,464) (107,464) (77,503) 29,961-27.88% (121,886) 0.00% Net Authority Share $ 1,894,826 $ 1,295,646 $ 2,636,838 $ 1,341,192 103.52% $ 1,935,689 144.33% Adopted FY Budget 2018 Actual YTD 2017 Actual YTD Operating Net Operating Net Operating Net MONTHLY RECAP Results Results Results Results Results Results JANUARY $ 695,782 $ (6,222) $ 896,019 $ 213,188 $ 883,367 $ 198,379 FEBRUARY 979,004 274,635 806,895 122,924 1,143,538 426,708 MARCH 1,310,555 606,969 1,460,912 916,255 1,403,212 717,251 APRIL 1,443,046 742,420 1,804,978 1,083,807 1,460,463 654,847 MAY 1,600,517 901,395 1,749,157 1,066,326 1,676,148 996,509 JUNE 1,259,903 556,834 1,460,459 653,885 1,533,192 849,613 JULY 1,617,624 903,012 1,913,878 870,141 1,654,180 948,096 AUGUST 1,518,486 827,752 1,712,667 667,344 1,912,043 1,228,856 SEPTEMBER 1,245,613 542,579 1,377,820 2,377,966 1,272,120 588,541 SubTotal $ 11,670,530 $ 5,349,374 $ 13,182,785 $ 7,971,836 $ 12,938,263 $ 6,608,800 OCTOBER 1,732,649 1,033,570 NOVEMBER 1,233,472 530,472 DECEMBER 1,117,854 415,242 TOTAL $ 15,754,505 $ 7,328,658 $ 13,182,785 $ 7,971,836 $ 12,938,263 $ 6,608,800 40

Albany County Airport Authority Revenue Summary 2018 SEPTEMBER 30, 2018 September 2018 Actual / Adopted FY Budget Actual Variance Variance 2017 Prior Year Budget YTD YTD YTD % Actual Variance % AIRLINE REVENUES COMMERCIAL $ 6,355,196 $ 4,762,522 $ 4,889,704 $ 127,182 2.67% $ 4,474,605 9.28% CARGO 570,016 414,029 417,584 3,555 0.86% 389,002 7.35% TERMINAL 6,144,115 4,608,086 4,795,851 187,764 4.07% 4,573,414 4.86% FBO 1,264,277 945,247 964,000 18,753 1.98% 938,110 2.76% TOTAL AIRLINE REVENUES 14,333,604 10,729,884 11,067,139 337,254 3.14% 10,375,131 6.67% NON-AIRLINE REVENUES AIRFIELD 463,401 351,816 406,994 55,177 15.68% 352,308 15.52% TERMINAL 3,597,145 2,666,577 2,664,269 (2,308) -0.09% 2,505,966 6.32% GROUND TRANSPORTATION 20,849,335 15,691,075 15,865,780 174,705 1.11% 15,721,267 0.92% OTHER AIRPORT 5,112,950 3,838,430 3,981,328 142,898 3.72% 3,948,107 0.84% TOTAL NON AIRLINE REVENUES 30,022,831 22,547,898 22,918,371 370,472 1.64% 22,527,648 1.73% TOTAL REVENUES $ 44,356,435 $ 33,277,782 $ 33,985,510 $ 707,726 2.13% $ 32,902,779 3.29% 41

Albany County Airport Authority Net FBO Retail Sales For the Nine Months Ending Sunday, September 30, 2018 FIXED BASED OPERATOR RETAIL SALES Total Annual Budget This Month Budget This Month Actual Var This Mo. To Budget Year to Date Budget Year to Date Actual Var This Year to Budget Jet A Fuel Sales $4,378,590 $342,314 $505,474 $163,160 $3,330,078 $4,217,999 $887,921 Fuel Costs - Jet A (2,388,322) (186,717) (297,733) (111,016) (1,816,405) (2,418,141) (601,736) Fuel Discounts - Jet A (300,000) (23,454) (31,954) (8,500) (228,161) (283,718) (55,557) Net Jet A Fuel Sales 1,690,268 132,143 175,787 43,644 1,285,512 1,516,141 230,629 AvGas Fuel Sales 307,869 33,846 24,617 (9,229) 243,114 210,285 (32,829) Fuel Costs - AvGas (229,009) (25,177) (19,244) 5,933 (180,841) (159,534) 21,307 Fuel Discounts - AvGas (5,000) (550) (351) 199 (3,949) (2,709) 1,240 Net AvGas Fuel Sales 73,860 8,119 5,022 (3,097) 58,324 48,042 (10,282) Commercial AvGas Fuel Sales 412,788 34,237 32,471 (1,766) 311,043 289,009 (22,033) Fuel Costs-Comm AvGas (370,006) (30,689) (29,538) 1,151 (278,805) (260,787) 18,018 Net Comm AvGas Fuel Sales 42,782 3,548 2,933 (615) 32,238 28,223 (4,015) Auto & Diesel Fuel Sales 279,708 12,909 15,991 3,081 205,418 241,355 35,937 Fuel Costs - Auto & Diesel (200,000) (8,689) (10,389) (1,700) (145,382) (187,295) (41,914) Net Auto & Diesel Fuel Sales 79,708 4,220 5,602 1,382 60,037 54,060 (5,977) Deicing Services 607,283 0 0 0 357,430 697,797 340,368 Deicing Costs Type I, Type IV (289,764) (83) 0 83 (170,606) (249,379) (78,773) Net Deicing Services 317,519 (83) 0 83 186,824 448,418 261,594 Deicing Consortium 540,805 0 0 0 337,076 437,439 100,363 Deicing Costs Type I, Type IV (540,805) 0 0 0 (337,076) (500,341) (163,265) Net Deicing Consortium 0 0 0 0 0 (62,902) (62,902) FBO Services 81,422 5,405 4,649 (757) 56,373 40,718 (15,655) Catering (1,000) (83) 0 83 (750) 0 750 Oil (3,000) (250) 0 250 (2,250) (1,631) 619 Charts, Pilot Supplies (300) (25) 0 25 (225) 0 225 Net FBO Services 77,122 5,047 4,649 (398) 53,148 39,087 (14,061) NET FBO RETAIL SALES 2,281,260 152,994 193,992 40,998 1,676,082 2,071,067 394,985 42

Albany County Airport Authority Expense Summary 2018 SEPTEMBER 30, 2018 September 2018 Actual / Adopted FY Budget Actual Variance Variance 2017 Prior Year Budget YTD YTD YTD % Actual Variance % EXPENSES - SUMMARY AvPort-Airport Management $ 23,040,664 $ 17,309,233 $ 16,960,348 $ 348,885 2.0% $ 16,136,948-5.1% Million Air-FBO Management 3,238,577 2,436,609 2,371,621 64,988 2.7% 2,327,882-1.9% Authority 4,603,949 3,537,492 3,541,823 (4,331) -0.1% 3,278,183-8.0% $ 30,883,190 $ 23,283,334 $ 22,873,792 $ 409,542 1.8% $ 21,743,013-5.2% EXPENSES BY CATEGORY Personal Services $ 11,037,496 $ 8,232,467 $ 7,825,215 $ 407,251 4.9% $ 7,547,134-3.7% Employee Benefits 5,500,582 4,130,126 3,836,186 293,939 7.1% 3,647,120-5.2% Utilities & Communications 2,118,938 1,678,228 1,672,600 5,628 0.3% 1,601,184-4.5% Purchased Services Accounting & Auditing 61,000 41,418 49,427 (8,010) -19.3% 51,030 3.1% Insurance 751,830 721,426 736,997 (15,571) -2.2% 725,355-1.6% Legal Services 50,000 37,500 79,118 (41,618) -111.0% 9,459-736.4% Public Safety 262,650 195,748 225,580 (29,833) -15.2% 195,609-15.3% Albany County Sheriffs 2,627,656 1,970,742 1,970,742-0.0% 1,933,518-1.9% Parking Valet Service 350,000 262,500 284,443 (21,943) -8.4% 292,262 2.7% Employee Shuttle 20,000 10,000 12,500 (2,500) 0.0% 10,000-25.0% Janitorial 484,681 363,511 411,279 (47,768) -13.1% 337,157-22.0% Public Communications 845,868 615,931 562,508 53,422 8.7% 548,935-2.5% Special Studies 69,200 51,900 57,458 (5,559) -10.7% 45,264-26.9% Professional Services 863,160 647,254 624,616 22,638 3.5% 607,107-2.9% Total Purchased Services 6,386,045 4,917,930 5,014,668 (96,742) -2.0% 4,755,696-5.4% Material & Supplies Airfield 901,000 625,229 577,628 47,601 7.6% 500,664-15.4% Buildings 1,890,077 1,414,153 1,784,959 (370,806) -26.2% 1,580,492-12.9% Grounds 800,885 629,372 551,215 78,156 12.4% 558,266 1.3% Vehicles 845,100 587,351 597,236 (9,885) -1.7% 596,910-0.1% Total Material & Supplies 4,437,062 3,256,106 3,511,040 (254,931) -7.8% 3,236,335-8.5% Office 492,662 364,909 271,553 93,356 25.6% 244,553-11.0% Administration 910,405 703,571 742,531 (38,960) -5.5% 710,994-4.4% Total Expenses $ 30,883,190 $ 23,283,337 $ 22,873,793 $ 409,541 1.8% $ 21,743,016-5.2% DEPARTMENT SUMMARY (DIRECT & INDIRECT) Direct Cost Centers Airfield $ 3,255,010 $ 2,401,163 $ 2,414,654 $ (13,491) -0.6% $ 2,193,100-10.1% FBO 2,572,644 1,928,430 1,905,686 22,743 1.2% 1,867,100-2.1% Terminal 5,359,187 4,072,175 4,216,417 (144,242) -3.5% 3,947,582-6.8% Loading Bridges 293,482 219,377 249,143 (29,766) -13.6% 175,099-42.3% Parking 4,722,146 3,565,397 3,064,832 500,565 14.0% 2,995,660-2.3% Landside 1,133,753 875,446 918,063 (42,618) -4.9% 944,064 2.8% Total Direct Cost Centers 17,336,222 13,061,988 12,768,795 293,191 2.2% 12,122,605-5.3% Indirect Cost Center ARFF 2,027,056 1,507,233 1,384,601 122,632 8.1% 1,429,181 3.1% Operations 1,005,829 752,140 747,150 4,991 0.7% 691,217-8.1% Security 3,020,977 2,263,876 2,255,515 8,361 0.4% 2,150,474-4.9% Vehicles & Equipment 1,345,246 995,434 1,058,362 (62,928) -6.3% 964,842-9.7% Airport Mgmt Administration 877,978 656,993 651,611 5,382 0.8% 645,730-0.9% FBO Administration 665,934 508,179 465,935 42,244 8.3% 460,782-1.1% Airport Authority Administration 4,603,949 3,537,492 3,541,823 (4,331) -0.1% 3,278,183-8.0% Total Indirect Cost Centers 13,546,969 10,221,347 10,104,997 116,351 1.1% 9,620,409-5.0% Total Expenses $ 30,883,191 $ 23,283,335 $ 22,873,792 $ 409,542 1.8% $ 21,743,014-5.2% 43

*** UNAUDITED - FOR INTERNAL REVIEW*** Statistical Highlights 44

Albany International Airport September Highlights Percentage 2018 2018 Percentage 2017 Actual ACTIVITIES: ACTUAL BUDGET Actual vs. Budget AUDITED 2018 VS. 2017 Enplanements Current Month 113,139 113,590-0.4% 111,208 1.7% Year - to - Date 1,097,862 1,064,812 3.1% 1,066,934 2.9% Aircraft Operations Current Month 5,098 5,332-4.4% 5,606-9.1% Year - to - Date 48,293 47,645 1.4% 48,483-0.4% Landed Weight (#) Current Month 128,665,331 127,847,374 0.6% 126,632,991 1.6% Year - to - Date 1,211,552,728 1,206,943,552 0.4% 1,195,479,172 1.3% Cargo, Mail & Express (Tons) Current Month 1,557 1,598-2.5% 1,563-0.4% Year - to - Date 13,859 13,978-0.9% 13,930-0.5% FBO Jet A (Gallons) Current Month 103,321 77,799 32.8% 96,413 7.2% Year - to - Date 885,839 756,836 17.0% 751,867 17.8% FBO AvGas (Gallons) Current Month 4,772 6,936-31.2% 6,751-29.3% Year - to - Date 40,597 49,818-18.5% 49,782-18.5% AvGas Commercial (gallons) Current Month 8,064 9,590-15.9% 7,594 6.2% Year - to - Date 71,618 87,127-17.8% 86,807-17.5% FBO Into-Plane (Gallons) Current Month 1,597,932 1,500,850 6.5% 1,476,853 8.2% Year - to - Date 15,481,291 14,666,888 5.6% 14,704,088 5.3% FBO Deicing (Gallons) Current Month 0 0 0.0% 0 0.0% Year - to - Date 139,769 96,124 45.4% 98,304 42.2% REVENUES: Landing Fees Current Month $520,993 $493,726 5.5% $461,824 12.8% Year - to - Date $4,678,516 $4,629,892 1.1% $4,271,715 9.5% Terminal Current Month $518,411 $512,009 1.3% $519,405-0.2% Year - to - Date $4,795,851 $4,608,086 4.1% $4,573,414 4.9% Parking Current Month $1,122,276 $1,145,072-2.0% $1,088,340 3.1% Year - to - Date $11,465,282 $11,380,802 0.7% $11,341,548 1.1% Rental Cars Current Month $478,515 $466,924 2.5% $473,049 1.2% Year - to - Date $3,995,732 $4,002,683-0.2% $4,082,427-2.1% Food & Beverage Current Month $95,875 $84,467 13.5% $62,093 54.4% Year - to - Date $814,570 $782,386 4.1% $594,076 37.1% Retail Current Month $64,271 $65,483-1.9% $58,406 10.0% Year - to - Date $638,722 $624,522 2.3% $617,145 3.5% Departure Current Month $19,849 $23,664-16.1% $23,849-16.8% Year - to - Date $168,440 $186,321-9.6% $191,955-12.3% FBO Jet A, Net Current Month $175,786 $132,143 33.0% $186,356-5.7% Year - to - Date $1,516,140 $1,285,512 17.9% $1,315,547 15.2% FBO AvGas, Net Current Month $5,023 $8,120-38.1% $9,049-44.5% Year - to - Date $48,042 $58,324-17.6% $52,898-9.2% AvGas Commercial, Net Current Month $2,933 $3,548-17.3% $3,443-14.8% Year - to - Date $28,222 $32,238-12.5% $33,048-14.6% FBO Into-Plane Current Month $52,845 $50,311 5.0% $54,290-2.7% Year - to - Date $502,685 $500,919 0.4% $498,100 0.9% FBO Deicing, Net Current Month $0 $0 0.0% $0 0.0% Year - to - Date $386,077 $187,572 105.8% $271,007 42.5% 45

Albany International Airport September Highlights 2018 YTD 2017 2016 2015 2014 REVENUE PER ENPLANEMENT: PRELIMINARY AUDITED AUDITED AUDITED AUDITED Parking $10.51 $10.57 $10.57 $9.87 $9.19 Rental Car $3.66 $3.83 $3.59 $3.89 $3.95 Food & Beverage $0.75 $0.57 $0.56 $0.51 $0.55 Retail $0.59 $0.57 $0.56 $0.54 $0.57 Departure $0.15 $0.20 $0.17 $0.19 $0.19 Annual Rates and Charges Summary 2018 2017 2016 2015 2014 AIRLINE RATES & CHARGES: BUDGET AUDITED AUDITED AUDITED AUDITED Landing Fees Per 1,000 lbs. MGLW: Signatory $3.33 $3.12 $2.73 $3.27 $3.06 Non-Signatory $4.16 $3.91 $4.04 $4.04 $4.08 Apron Fees Per Square Foot: $1.38 $1.33 $1.19 $1.52 $1.59 Terminal Rental Per Square Foot: Signatory $81.57 $79.86 $81.11 $74.63 $68.13 Non-Signatory $101.96 $100.98 $93.48 $93.48 $90.58 Loading Bridges - Annual: $40,849 $47,237 $40,383 $44,761 $31,284 Cost per Enplanement : Airport CPE (after revenue sharing) $7.17 $6.57 $6.00 $7.12 $7.22 46

Albany International Airport Monthly Enplanements 2015-2018 For the nine months ended September 30 140,000 120,000 100,000 80,000 60,000 40,000 20,000 0 Jan Actual Feb Actual Mar Actual Apr Actual May Actual Jun Actual Jul Actual Aug Actual Sep Actual Oct Projected Nov Projected Dec Projected 2018 Actual/Projected 2017 Actual 2016 Actual 2015 Actual 2018 # % 2018 vs. 2018 Budget Variance Variance 2017 2017 2016 2015 January (Actual) 104,011 104,347 (336) -0.3% 106,168-2.0% 102,325 90,643 February (Actual) 102,852 102,834 18 0.0% 102,255 0.6% 103,214 87,552 March (Actual) 126,052 119,656 6,396 5.3% 119,677 5.3% 119,403 113,146 April (Actual) 122,342 119,508 2,834 2.4% 119,423 2.4% 119,362 111,736 May (Actual) 126,345 119,594 6,751 5.6% 120,665 4.7% 118,293 107,512 June (Actual) 125,618 119,145 6,473 5.4% 120,316 4.4% 117,743 105,861 July (Actual) 137,983 131,550 6,433 4.9% 131,916 4.6% 130,930 122,142 August (Actual) 139,520 134,589 4,931 3.7% 135,306 3.1% 133,612 123,590 September (ACTUAL) 113,139 113,590 (451) -0.4% 111,208 1.7% 115,752 105,997 October (Projected) 129,342 125,449 3,894 3.1% 127,281 1.6% 123,374 116,149 November (Projected) 119,189 115,601 3,588 3.1% 115,758 3.0% 115,220 107,036 December (Projected) 111,495 108,138 3,356 3.1% 107,862 3.4% 108,206 106,385 Total 1,457,888 1,414,000 43,888 3.1% 1,417,835 2.8% 1,407,434 1,297,749 YTD Enplanements 1,097,862 1,064,812 33,050 3.1% 1,066,934 2.9% 1,060,634 968,179 47

Albany International Airport Enplanements Per Carrier For the nine months ended September 30 2018 Market Share Charters, 0.1% Boutique Air, 0.1% United, 16.7% American, 21.1% Cape Air, 0.8% Delta, 15.4% Southwest, 39.0% Elite Airways, 0.1% Frontier, 0.1% One Jet, 0.4% Jet Blue, 6.2% Current Month # % Year To Date # % YTD Market Share % Carrier 2018 2017 Change Change 2018 2017 Change Change 2018 2017 Change American 8,417 8,623 (206) -2.4% 81,496 87,042 (5,546) -6.4% 7.4% 8.2% -0.7% American Eagle-Air Wisconsin 0 2,455 (2,455) -100.0% 313 21,750 (21,437) -98.6% 0.0% 2.0% -2.0% American Eagle - Envoy 3,249 3,391 (142) -4.2% 30,465 27,985 2,480 8.9% 2.8% 2.6% 0.2% American Eagle-Piedmont 5,566 6,531 (965) -14.8% 33,785 44,841 (11,056) -24.7% 3.1% 4.2% -1.1% American Eagle-PSA 4,367 2,146 2,221 103.5% 32,978 27,188 5,790 21.3% 3.0% 2.5% 0.5% American Eagle-Republic 0 1,748 (1,748) -100.0% 44,001 16,293 27,708 170.1% 4.0% 1.5% 2.5% American Eagle-SkyWest 0 0 0 0.0% 0 92 (92) -100.0% 0.0% 0.0% 0.0% American Eagle-TransStates 174 0 174 0.0% 8,177 3,700 4,477 121.0% 0.7% 0.3% 0.4% Boutique Air 0 219 (219) -100.0% 827 1,263 (436) -34.5% 0.1% 0.1% 0.0% Cape Air 1,025 933 92 9.9% 8,991 10,023 (1,032) -10.3% 0.8% 0.9% -0.1% Delta 13,865 16,066 (2,201) -13.7% 122,233 127,327 (5,094) -4.0% 11.1% 11.9% -0.8% Delta - Endeavor 5,142 0 5,142 0.0% 7,518 18,757 (11,239) -59.9% 0.7% 1.8% -1.1% Delta - Express Jet 0 0 0 0.0% 0 524 (524) -100.0% 0.0% 0.0% 0.0% Delta - Go Jet 1,313 0 1,313 100.0% 14,905 652 14,253 2186.0% 1.4% 0.1% 1.3% Delta - SkyWest 0 3,633 (3,633) -100.0% 24,089 18,075 6,014 33.3% 2.2% 1.7% 0.5% Elite Airways 127 0 127 100.0% 1,044 0 1,044 100.0% 0.1% 0.0% 0.1% Frontier 575 0 575 100.0% 575 0 575 100.0% 0.1% 0.0% 0.1% Jet Blue 7,234 6,201 1,033 16.7% 67,563 67,544 19 0.0% 6.2% 6.3% -0.2% One-Jet 0 162 (162) -100.0% 3,964 496 3,468 699.2% 0.4% 0.0% 0.3% Southwest 40,751 40,044 707 1.8% 428,356 430,703 (2,347) -0.5% 39.0% 40.4% -1.4% United 10,297 7,685 2,612 34.0% 72,339 74,215 (1,876) -2.5% 6.6% 7.0% -0.4% United Express - Air Wisconsin 1,124 0 1,124 100.0% 7,593 0 7,593 100.0% 0.7% 0.0% 0.7% United Exp-Commutair 8,279 6,348 1,931 30.4% 70,177 55,989 14,188 25.3% 6.4% 5.2% 1.1% United Exp-Express Jet 6 206 (200) -97.1% 5,164 3,327 1,837 55.2% 0.5% 0.3% 0.2% United Exp-Go Jet 0 0 0 0.0% 223 11,600 (11,377) -98.1% 0.0% 1.1% -1.1% United Exp-Mesa 0 1,317 (1,317) -100.0% 4,335 6,016 (1,681) -27.9% 0.4% 0.6% -0.2% United Exp-Republic 0 37 (37) -100.0% 4,042 185 3,857 2084.9% 0.4% 0.0% 0.4% United Exp-Shuttle America 0 0 0 0.0% 0 115 (115) -100.0% 0.0% 0.0% 0.0% United Exp-SkyWest 243 2,259 (2,016) -89.2% 12,490 7,652 4,838 63.2% 1.1% 0.7% 0.4% United Exp-TransStates 1,319 1,045 274 26.2% 9,384 2,816 6,568 233.2% 0.9% 0.3% 0.6% Other - Charters 66 159 (93) 100.0% 835 764 71 9.3% 0.1% 0.1% 0.0% Total 113,139 111,208 1,931 1.7% 1,097,862 1,066,934 30,928 2.9% 100.0% 100.0% 0.0% YTD YTD # % Budget Actual Variance Variance 1,064,812 1,097,862 33,050 3.1% 48

Albany International Airport Aircraft Operations by Type For the nine months ended September 30 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 Passenger Cargo Charters General Aviation Military 2018 2017 2016 2015 % Type 2018 2017 Change 2016 2015 Passenger 29,614 30,004-1.3% 29,758 27,064 Cargo 3,074 3,272-6.1% 3,210 2,792 Charters & Corporate 2,901 2,038 42.3% 2,384 2,656 Sub Total 35,589 35,314 0.8% 35,352 32,512 General Aviation 10,178 10,880-6.5% 11,112 10,749 Military 2,526 2,289 10.4% 2,357 1,898 Total 48,293 48,483-0.4% 48,821 45,159 49

Albany International Airport Operations Per Carrier For nine months ended September 30 OPERATIONS AS A PERCENTAGE OF COMMERCIAL CARRIER Other Charters, 0.1% United, 21.3% American, 24.9% Boutique Air, 1.7% Southwest, 22.2% Cape Air, 10.5% JetBlue, 3.7% One Jet, 2.5% Frontier, 0.0% Elite Airlines, 0.3% Delta, 12.9% # Current Month # % Year To Date # % YTD Market Share % Carrier Sch. 2018 2017 Change Change 2018 2017 Change Change 2018 2017 Change American 168 168 158 10 6.3% 1,348 1,574 (226) -14.4% 3.8% 4.5% -0.7% American - Air Wisconsin 0 0 116 (116) -100.0% 18 1,044 (1,026) -98.3% 0.1% 3.0% -2.9% American - Envoy 120 122 120 2 1.7% 1,076 1,084 (8) -0.7% 3.0% 3.1% -0.1% American - Piedmont 280 264 326 (62) -19.0% 1,572 2,398 (826) -34.4% 4.4% 6.8% -2.4% American - PSA 216 222 98 124 126.5% 1,534 1,044 490 46.9% 4.3% 3.0% 1.3% American - Republic Airways 0 2 62 (60) -96.8% 1,444 556 888 159.7% 4.1% 1.6% 2.5% American - Trans States 8 8 0 8 100.0% 374 176 198 112.5% 1.1% 0.5% 0.6% Boutique Air 0 0 116 (116) -100.0% 502 652 (150) -23.0% 1.4% 1.8% -0.4% Cape Air 356 356 332 24 7.2% 3,104 3,610 (506) -14.0% 8.7% 10.2% -1.5% Delta 228 230 288 (58) -20.1% 2,074 2,246 (172) -7.7% 5.8% 6.4% -0.6% Delta - Endeavor 158 158 0 158 100.0% 278 760 (482) -63.4% 0.8% 2.2% -1.4% Delta - Express Jet 0 0 0 0 0.0% 2 26 (24) -92.3% 0.0% 0.1% -0.1% Delta - Go Jet 42 42 0 42 100.0% 464 22 442 2009.1% 1.3% 0.1% 1.2% Delta - Shuttle America 0 0 0 0 0.0% 0 2 (2) -100.0% 0.0% 0.0% 0.0% Delta - Sky West 0 2 146 (144) -98.6% 984 776 208 26.8% 2.8% 2.2% 0.6% Elite Airlines 24 12 0 12 100.0% 92 0 92 100.0% 0.3% 0.0% 0.3% Frontier 8 8 0 8 100.0% 8 0 8 100.0% 0.0% 0.0% 0.0% JetBlue 120 120 104 16 15.4% 1,084 1,072 12 1.1% 3.0% 3.0% 0.0% One Jet 0 0 72 (72) -100.0% 744 218 526 241.3% 2.1% 0.6% 1.5% Southwest 610 610 624 (14) -2.2% 6,560 6,824 (264) -3.9% 18.4% 19.3% -0.9% United 176 176 118 58 49.2% 1,114 1,186 (72) -6.1% 3.1% 3.4% -0.3% United Air Wisconsin 56 56 0 56 0.0% 354 0 354 100.0% 1.0% 0.0% 1.0% United - Commut Air 406 406 430 (24) -5.6% 3,408 3,594 (186) -5.2% 9.6% 10.2% -0.6% United - Express Jet 4 4 12 (8) -66.7% 284 172 112 65.1% 0.8% 0.5% 0.3% United - Go Jet 0 0 0 0 0.0% 8 354 (346) -97.7% 0.0% 1.0% -1.0% United - Mesa 0 0 40 (40) -100.0% 134 200 (66) -33.0% 0.4% 0.6% -0.2% United - Republic Airways 0 0 2 (2) -100.0% 128 8 120 1500.0% 0.4% 0.0% 0.4% United - SkyWest 10 10 66 (56) -84.8% 458 240 218 90.8% 1.3% 0.7% 0.6% United - Shuttle American 0 0 0 0 0.0% 0 4 (4) -100.0% 0.0% 0.0% 0.0% United - Trans States 58 56 44 12 27.3% 430 120 310 258.3% 1.2% 0.3% 0.9% Other - Charters 6 6 4 2 50.0% 26 30 (4) -13.3% 0.1% 0.1% 0.0% Subtotal 3,054 3,040 3,278 (238) -7.3% 29,614 30,004 (390) -1.3% 83.2% 85.0% -1.8% DHL - Ameriflight, Inc. 38 42 (4) -9.5% 390 380 10 2.6% 1.1% 1.1% 0.0% Federal Express 40 42 (2) -4.8% 386 382 4 1.0% 1.1% 1.1% 0.0% Federal Express - Wiggins Airways 164 202 (38) -18.8% 1,676 1,816 (140) -7.7% 4.7% 5.1% -0.4% United Parcel Service 74 76 (2) -2.6% 622 694 (72) -10.4% 1.7% 2.0% -0.3% Subtotal 316 362 (46) -12.7% 3,074 3,272 (198) -6.1% 8.6% 9.3% -0.7% Charter, Corporate & Diversions 262 248 14 5.6% 2,901 2,038 863 42.3% 8.2% 5.8% 2.4% Total 3,618 3,888 (270) -6.9% 35,589 35,314 275 0.8% 100.0% 100.0% 0.0% 50

Albany International Airport Landed Weights 2015-2018 For the nine months ended September 30 160,000,000 140,000,000 120,000,000 100,000,000 80,000,000 60,000,000 40,000,000 20,000,000 0 Jan Actual Feb Actual Mar Actual Apr Actual May Actual Jun Actual Jul Actual Aug Actual Sep Actual Oct Projected Nov Projected Dec Projected 2018 Actual/Projected 2017 Actual 2016 Actual 2015 Actual 2018 2018 2018 vs. 2018 Budget Variance 2017 2017 2016 2015 January (Actual) 121,408,632 129,452,472 (8,043,840) 128,222,843-5.3% 117,525,483 103,304,214 February (Actual) 111,973,654 115,140,215 (3,166,561) 114,046,534-1.8% 115,840,308 92,037,406 March (Actual) 136,093,437 137,555,672 (1,462,235) 136,249,073-0.1% 142,019,773 120,437,933 April (Actual) 138,592,135 137,814,346 777,789 136,505,291 1.5% 135,028,314 119,377,313 May (Actual) 145,548,731 142,197,604 3,351,126 140,846,914 3.3% 139,980,749 120,306,839 June (Actual) 140,970,587 135,118,886 5,851,702 133,835,433 5.3% 133,960,121 121,103,138 July (Actual) 144,813,203 140,127,421 4,685,781 138,796,395 4.3% 140,184,045 126,564,621 August (Actual) 143,487,018 141,689,562 1,797,456 140,343,697 2.2% 137,206,202 125,078,087 September (ACTUAL) 128,665,331 127,847,374 817,958 126,632,991 1.6% 130,566,058 117,244,013 October (Projected) 132,881,227 132,375,700 505,527 131,118,304 1.3% 137,092,985 122,976,521 November (Projected) 126,332,915 125,852,299 480,615 124,636,868 1.4% 132,288,190 120,142,166 December (Projected) 125,998,793 125,519,449 479,344 124,327,179 1.3% 128,999,178 124,133,174 Total 1,596,765,663 1,590,691,000 6,074,663 1,575,561,522 1.3% 1,590,691,408 1,412,705,423 YTD Landed Weight 1,211,552,728 1,206,943,552 4,609,176 1,195,479,172 1.3% 1,192,311,055 1,045,453,562 51

Albany International Airport Landed Weights Per Carrier For the nine months ended September 30 2018 MARKET SHARE Charters, 0.1% United, 17.2% American, 22.4% Boutique Air, 0.2% Cape Air, 0.9% Delta, 15.7% Southwest, 35.9% Elite Airlines, 0.2% One Jet, 0.9% JetBlue, 6.4% Frontier, 0.0% Current Month # % Year To Date # % YTD Market Share % Carrier 2018 2017 Change Change 2018 2017 Change Change 2018 2017 Change American 11,571,198 11,039,703 531,495 4.8% 95,230,511 109,068,904 (13,838,394) -12.7% 7.9% 9.1% -1.3% American Eagle 15,501,967 18,753,901 (3,251,934) -17.3% 176,238,649 168,893,073 7,345,575 4.3% 14.5% 14.1% 0.4% Boutique Air 0 575,361 (575,361) -100.0% 2,489,923 3,318,023 (828,100) -25.0% 0.2% 0.3% -0.1% Cape Air 1,219,300 1,137,099 82,201 7.2% 10,631,198 12,364,252 (1,733,054) -14.0% 0.9% 1.0% -0.2% Delta 15,893,502 19,920,904 (4,027,403) -20.2% 138,397,616 146,794,019 (8,396,404) -5.7% 11.4% 12.3% -0.9% Delta Connection 7,431,111 3,975,300 3,455,811 86.9% 52,268,538 42,143,853 10,124,685 24.0% 4.3% 3.5% 0.8% Elite Airlines 282,000 0 282,000 100.0% 2,182,000 0 2,182,000 100.0% 0.2% 0.0% 0.2% Frontier 568,791 0 568,791 100.0% 568,791 0 568,791 100.0% 0.0% 0.0% 0.0% JetBlue 8,531,880 7,394,297 1,137,583 15.4% 77,071,315 76,082,530 988,785 1.3% 6.4% 6.4% 0.0% One Jet 0 565,199 (565,199) -100.0% 11,115,418 1,711,299 9,404,119 549.5% 0.9% 0.1% 0.8% Southwest 41,588,000 41,454,000 134,000 0.3% 435,544,399 444,418,000 (8,873,601) -2.0% 35.9% 37.2% -1.2% United 13,918,961 8,588,952 5,330,009 62.1% 86,862,453 86,762,259 100,195 0.1% 7.2% 7.3% -0.1% United Expresses 11,795,622 12,980,275 (1,184,653) -9.1% 121,330,417 102,062,958 19,267,459 18.9% 10.0% 8.5% 1.5% Charters/Diversions 363,000 248,000 115,000 46.4% 1,621,500 1,860,000 (238,500) -12.8% 0.1% 0.2% 0.0% Total 128,665,331 126,632,991 2,032,340 1.6% 1,211,552,728 1,195,479,172 16,073,556 1.3% 100.0% 100.0% 0.0% YTD YTD # % Budget Actual Variance Variance 1,206,943,552 1,211,552,728 4,609,176 0.4% 52

Albany International Airport Cargo, Mail & Express Handled by Carrier For the nine months ended September 30 (In Tons) CARGO 18 vs.17 MAIL & EXPRESS 18 vs.17 2018 2017 % Change 2018 2017 % Change January 906.25 879.60 3.0% 561.55 451.32 24.4% February 867.99 887.79-2.2% 481.10 415.37 15.8% March 985.47 1,138.70-13.5% 568.51 555.80 2.3% April 871.82 1,105.60-21.1% 509.85 501.95 1.6% May 1,011.26 964.68 4.8% 655.23 572.86 14.4% June 970.52 1,073.42-9.6% 624.09 595.74 4.8% July 940.60 896.34 4.9% 600.88 518.06 16.0% August 1,039.71 1,159.26-10.3% 706.45 649.66 8.7% September 925.13 983.63-5.9% 632.21 579.80 9.0% October 971.74-100.0% 530.46-100.0% November 998.68-100.0% 555.73-100.0% December 979.76-100.0% 773.52-100.0% Total 8,518.75 9,089.02-6.3% 5,339.87 4,840.57 10.3% Total Fiscal Year 12,039.20 6,700.28 Cargo, Mail & Express 18 vs.17 Cargo, Mail & Express Carrier 2018 2017 % Change 2016 2015 American 1.51 26.07-94.2% 38.45 25.40 American - Air Wisconsin 0.08 0.91-91.8% 3.68 5.40 American - Envoy 0.58 0.22 100.0% 2.82 0.00 American - Piedmont 1.97 1.48 33.1% 2.08 0.97 American - PSA 8.39 1.83 100.0% 0.38 0.00 American - Republic Airways 0.00 0.06-100.0% 0.01 44.10 American - Skywest 0.00 0.02 100.0% 0.31 0.00 American - Trans States 1.25 0.06 100.0% 0.00 0.00 Delta 89.17 50.37 77.0% 62.78 68.67 Southwest 275.92 365.51-24.5% 355.99 427.49 United 29.02 11.57 0.0% 1.59 0.48 Airline Subtotal 407.89 458.11-11.0% 468.08 572.52 DHL - Ameriflight, Inc. 400.72 452.58-11.5% 319.04 383.21 Federal Express 6,784.90 6,924.33-2.0% 7,140.50 7,899.26 Federal Express - Wiggins Airways 702.68 799.61-12.1% 954.32 536.05 United Parcel Serv 5,562.42 5,294.95 5.1% 4,935.00 4,852.87 Subtotal Cargo 13,450.72 13,471.46-0.2% 13,348.85 13,671.39 Total 13,858.62 13,929.59-0.5% 13,816.93 14,243.91 Total Fiscal Year 18,739.48 18,692.11 19,372.93 53

Albany International Airport Cargo, Mail & Express 2015-2018 For the nine months ended September 30 2,000.0 1,800.0 1,600.0 1,400.0 1,200.0 1,000.0 800.0 600.0 400.0 200.0 - Jan Actual Feb Actual Mar Actual Apr Actual May Actual Jun Actual Jul Actual Aug Actual Sep Actual Oct Projected Nov Projected Dec Projected 2018 Actual/Projected 2017 Actual 2016 Actual 2015 Actual Budget # % 2018 vs. (In tons) 2018 2018 Variance Variance 2017 2017 2016 2015 January (Actual) 1,467.8 1,488.2 (20.4) -1.4% 1,330.9 10.3% 1,565.4 1,538.8 February (Actual) 1,349.1 1,388.1 (39.0) -2.8% 1,303.2 3.5% 1,455.6 1,447.1 March (Actual) 1,554.0 1,587.0 (33.0) -2.1% 1,694.5-8.3% 1,598.4 1,548.1 April (Actual) 1,381.7 1,543.3 (161.6) -10.5% 1,607.6-14.1% 1,482.5 1,601.4 May (Actual) 1,666.5 1,644.3 22.2 1.3% 1,537.5 8.4% 1,379.0 1,594.2 June (Actual) 1,594.6 1,577.2 17.5 1.1% 1,669.2-4.5% 1,588.9 1,613.6 July (Actual) 1,541.5 1,529.0 12.5 0.8% 1,414.4 9.0% 1,468.6 1,624.2 August (Actual) 1,746.2 1,623.0 123.2 7.6% 1,808.9-3.5% 1,601.0 1,565.3 September (ACTUAL) 1,557.3 1,597.7 (40.4) -2.5% 1,563.4-0.4% 1,677.6 1,711.4 October (Projected) 1,629.5 1,643.5 (14.0) -0.9% 1,502.2 8.5% 1,510.3 1,755.6 November (Projected) 1,508.1 1,521.1 (13.0) -0.9% 1,554.4-3.0% 1,574.1 1,485.0 December (Projected) 1,799.4 1,814.8 (15.5) -0.9% 1,753.3 2.6% 1,790.7 1,888.4 18,795.6 18,957.2 (161.6) -0.9% 18,739.5 0.3% 18,692.1 19,372.9 YTD Cargo, Mail, & Express 13,858.6 13,977.8 (119.2) -0.9% 13,929.6-0.5% 13,816.9 14,243.9 54

*** UNAUDITED - FOR INTERNAL REVIEW*** Airport Revenues 55

ALBANY COUNTY AIRPORT AUTHORITY For the Nine Months Ending Sunday, September 30, 2018 2018 September 2018 September 2018 Actual/ Adopted FY Budget Actual Variance Variance 2017 Prior Year Budget YTD YTD YTD % Actual Variance % AIRLINE REVENUES COMMERCIAL Landing Fees $5,297,871 $4,019,784 $4,056,297 $36,513 0.91% $3,747,223 8.25% Airline Apron Fees 695,400 521,550 520,940 (610) -0.12% 503,804 3.40% Glycol Disposal Fee 361,925 221,188 312,467 91,279 41.27% 223,578 39.76% CARGO Landing Fee 570,016 414,029 417,584 3,555 0.86% 389,002 7.35% TERMINAL Loading Bridges 531,039 398,279 452,743 54,463 13.67% 379,256 19.38% Space Rental 5,613,076 4,209,807 4,343,108 133,301 3.17% 4,194,158 3.55% FBO Into Plane Fees 664,133 500,919 502,685 1,766 0.35% 498,100 0.92% Fuel Farm Fee 600,144 444,328 461,315 16,987 3.82% 440,010 4.84% TOTAL AIRLINE REVENUES 14,333,604 10,729,884 11,067,137 337,253 3.14% 10,375,130 6.67% NON-AIRLINE REVENUES AIRFIELD General Aviation Landing Fees 256,964 196,079 204,635 8,556 4.36% 194,160 5.40% Aircraft Parking Fees 176,437 133,840 152,198 18,358 13.72% 135,490 12.33% TSA Apron Fee 0 0 0 0 0.00% 227-100.00% Tenant Maintenance 30,000 21,897 50,161 28,263 129.07% 22,431 123.63% Total Airfield 463,401 351,816 406,994 55,178 15.68% 352,307 15.52% TERMINAL FIS Facility Use Fee 0 0 1,520 1,520 0.00% 0 0.00% Utility Reimbursement 26,000 19,373 18,027 (1,346) -6.95% 19,495-7.53% Tenant Maintenance 35,000 23,492 18,512 (4,979) -21.20% 44,621-58.51% Space Rent - Non Airline 707,894 530,921 546,903 15,982 3.01% 530,413 3.11% Food & Beverage 1,045,060 782,385 814,570 32,185 4.11% 594,076 37.12% Retail 830,657 624,522 638,722 14,200 2.27% 617,144 3.50% Advertising 385,624 279,816 223,655 (56,161) -20.07% 286,878-22.04% Foreign Currency 26,600 19,950 19,950 0 0.00% 19,950 0.00% Payphones 2,500 1,875 1,551 (324) -17.28% 1,838-15.61% ATM 36,415 27,319 26,510 (809) -2.96% 27,090-2.14% Museum Shop 271,122 186,321 168,440 (17,881) -9.60% 191,955-12.25% Operating Permits 190,684 140,156 155,697 15,542 11.09% 143,013 8.87% Vending Machines 32,589 25,198 24,962 (237) -0.94% 24,244 2.96% Baggage Cart Rentals 7,000 5,250 5,250 0 0.00% 5,250 0.00% Total Terminal 3,597,145 2,666,577 2,664,269 (2,308) -0.09% 2,505,966 6.32% GROUND TRANSPORTATION Parking 15,170,719 11,380,802 11,465,282 84,480 0.74% 11,341,548 1.09% Rental Cars 5,277,985 4,002,684 3,995,732 (6,952) -0.17% 4,063,889-1.68% Access Fees 313,470 242,218 247,215 4,997 2.06% 230,283 7.35% TNCs 0 0 92,194 92,194 0.00% 22,080 317.55% Garage Space Rent 87,161 65,371 65,358 (13) -0.02% 63,467 2.98% Total Ground Transportation 20,849,335 15,691,075 15,865,780 174,705 1.11% 15,721,267 0.92% 56

ALBANY COUNTY AIRPORT AUTHORITY For the Nine Months Ending Sunday, September 30, 2018 2018 September 2018 September 2018 Actual/ Adopted FY Budget Actual Variance Variance 2017 Prior Year Budget YTD YTD YTD % Actual Variance % OTHER AIRPORT Telephone System - 72,425 54,319 53,057 (1,262) -2.32% 54,319-2.32% Building Rental 126,291 95,039 93,406 (1,633) -1.72% 93,692-0.31% Control Tower Rental 665,776 499,332 499,332 0 0.00% 499,332 0.00% Air Cargo Facility 884,349 663,262 682,227 18,966 2.86% 686,618-0.64% State Executive Hangar 1,247,083 935,312 935,312 0 0.00% 935,312 0.00% T Hangars 100,328 75,246 75,942 697 0.93% 72,238 5.13% Tie Downs 4,096 3,072 3,132 60 1.95% 3,072 1.94% AV Gas Fuel Sales 43,138 32,751 30,271 (2,480) -7.57% 33,942-10.82% FBO Properties 324,732 239,381 280,663 41,282 17.25% 237,609 18.12% Industrial Park 557,765 417,594 413,011 (4,582) -1.10% 401,977 2.75% Land Rental 312,956 234,761 234,811 50 0.02% 228,972 2.55% Eclipse Hangar 39,987 29,990 30,890 900 3.00% 67,292-54.10% Hangar Rental 441,385 330,283 373,657 43,374 13.13% 316,664 18.00% Internet and Cable Access 11,640 8,730 7,520 (1,210) -13.86% 8,620-12.76% Fingerprinting 25,000 18,750 22,336 3,586 19.13% 18,873 18.35% Tenant Maintenance 1,000 750 178 (572) -76.32% 0 0.00% Purchasing Proposals 7,000 5,250 855 (4,395) -83.71% 5,180-83.49% Ebay/Scrap/Equipment 15,000 11,250 6,732 (4,518) -40.16% 9,936-32.25% Utility Reimbursement 136,000 101,359 125,263 23,904 23.58% 101,277 23.68% Reimb of Property Taxes 37,000 37,000 42,883 5,883 15.90% 36,333 18.03% Other 60,000 45,000 69,850 24,850 55.22% 136,848-48.96% Total Other Airport 5,112,950 3,838,430 3,981,328 142,898 3.72% 3,948,107 0.84% TOTAL NON AIRLINE REVENUES 30,022,831 22,547,898 22,918,371 370,474 1.64% 22,527,647 1.73% TOTAL REVENUES 44,356,435 33,277,782 33,985,509 707,727 2.13% 32,902,777 3.29% 57

Albany International Airport Operating Revenue For the nine months ended September 30 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2018 Actual 2018 Budget 2017 Actual YTD 2018 Actual YTD 2018 Budget Other Airport 10.0% Airline 31.6% Other Airport 10.2% Airline 31.3% Ground Transportation 39.5% Terminal 6.6% Airfield 12.2% Ground Transportation 41.2% Terminal 7.0% Airfield 10.3% YTD 2017 Audited Other Airport 10.3% Airline 30.5% Ground Transportation 42.6% Terminal 6.4% Airfield 10.3% 58

Albany International Airport Public Parking Revenues 2015-2018 For the nine months ended September 30 $1,800,000 $1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $0 Jan Actual Feb Actual Mar Actual Apr Actual May Actual June Actual July Actual Aug Actual Sept Projected Oct Projected Nov Projected Dec Projected 2018 Actual/Projected 2017 Actual 2016 Actual 2015 Actual % of Total 2018 vs. YTD Revenues 2018 Revenues 2017 2017 2016 2015 Cash $1,112,664 9.7% $1,202,025-7.4% $1,318,277 $1,270,584 Credit Cards 1,754,705 15.3% 1,640,919 6.9% 1,565,042 1,349,812 Express Credit Card Machine 5,624,653 49.1% 5,565,909 1.1% 5,569,801 4,476,325 Express EZ Pass 2,587,302 22.6% 2,561,708 1.0% 2,424,813 1,995,405 EZ Pass 343,561 3.0% 326,862 5.1% 324,072 327,140 Misc Parking Revenue (*) 42,398 0.4% 44,126-3.9% 41,165 43,584 Total Rev handled $11,465,282 100.0% $11,341,548 2.7% $11,243,169 $9,462,850 at the Parking Location (*) Employee Parking, Over/Short, and adjustments 2018 2018 2018 vs. 2018 Budget Variance 2017 2017 2016 2015 January (Actual) $1,191,119 $1,236,397 ($45,278) $1,257,733-5.3% $1,255,963 $984,236 February (Actual) 1,241,645 1,228,060 13,585 1,232,330 0.8% 1,255,458 985,671 March (Actual) 1,574,995 1,542,963 32,032 1,581,307-0.4% 1,483,347 1,281,754 April (Actual) 1,550,273 1,496,613 53,660 1,495,565 3.7% 1,449,407 1,268,723 May (Actual) 1,358,290 1,372,144 (13,854) 1,368,602-0.8% 1,368,289 1,119,251 June (Actual) 1,147,240 1,117,621 29,619 1,118,414 2.6% 1,083,242 952,761 July (Actual) 1,106,181 1,109,486 (3,305) 1,073,350 3.1% 1,091,119 950,262 August (Actual) 1,173,263 1,132,443 40,820 1,125,907 4.2% 1,101,308 950,927 September (ACTUAL) 1,122,276 1,145,072 (22,796) 1,088,340 3.1% 1,155,036 969,265 October (Projected) 1,349,026 1,339,086 9,940 1,306,746 3.2% 1,290,474 1,159,436 November (Projected) 1,319,832 1,310,107 9,725 1,260,873 4.7% 1,258,315 1,140,852 December (Projected) 1,149,192 1,140,724 8,468 1,076,105 6.8% 1,078,518 1,046,914 Total $15,283,333 $15,170,719 $112,613 $14,985,272 2.0% $14,870,476 $12,810,052 YTD Revenues $11,465,282 $11,380,802 $84,480 $11,341,548 1.1% $11,243,169 $9,462,850 YTD Enplanements 1,097,862 1,064,812 33,050 1,066,934 2.9% 1,060,634 968,179 Revenue Per Enplanement: $10.44 $10.69 ($0.25) $10.63-1.8% $10.60 $9.77 59

Albany International Airport Public Parking by Parking Lots 2015-2018 For the nine months ended September 30 Short Term Parking Garage Parking $120,000 $800,000 $700,000 $100,000 $600,000 $80,000 $500,000 $60,000 $400,000 $40,000 $300,000 $200,000 $20,000 $100,000 $- Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec $0 Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec 2018 2017 2016 2015 2018 2017 2016 2015 Long Term Parking Economy Lot Parking $600,000 $400,000 $500,000 $350,000 $300,000 $400,000 $250,000 $300,000 $200,000 $200,000 $150,000 $100,000 $100,000 $50,000 $0 Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec $0 Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec 2018 2017 2016 2015 2018 2017 2016 2015 Current Month 2018 2018 2018 vs. 2018 Budget Variance 2017 2017 2016 2015 Short Term $ 76,092 $ 78,014 $ (1,922) $ 73,950 2.9% $ 80,170 $ 74,728 Long Term 370,058 377,280 (7,222) 356,641 3.8% 357,636 274,297 Garage 457,789 457,653 136 435,313 5.2% 472,901 420,201 E Lot 217,626 231,357 (13,731) 222,341-2.1% 242,755 201,132 Commercial 0-0 0 0.0% 0 0 Employee Parking 1,270 769 501 467 171.9% 1,179 946 Customer Adjustments (774) 0 (774) (482) 60.6% 76 (1,676) Short/Over 215 0 215 110 95.5% 319 (363) Total $ 1,122,276 $ 1,145,072 $ (22,796) $ 1,088,340 3.1% $ 1,155,036 $ 969,265 YTD Revenues 2018 2018 2018 vs. 2018 Budget Variance 2017 2017 2016 2015 Short Term $ 822,848 $ 809,494 $ 13,354 $ 799,505 2.9% $ 814,430 $ 760,653 Long Term 3,565,927 3,424,925 141,002 3,443,386 3.6% 3,100,256 2,430,568 Garage 4,817,483 4,790,421 27,062 4,761,903 1.2% 4,829,442 4,313,673 E Lot 2,221,582 2,320,038 (98,456) 2,297,897-3.3% 2,463,170 1,919,846 Commercial 0 0 0 0 0.0% 0 0 Employee Parking 42,701 35,924 6,777 40,775 4.7% 40,618 39,727 Customer Adjustments (5,600) 0 (5,600) (2,075) 169.9% (4,147) (967) Short/Over 341 0 341 157 117.1% (600) (650) Total $ 11,465,282 $ 11,380,802 $ 84,480 $ 11,341,548 1.1% $ 11,243,169 $ 9,462,850 60

Parking Activity 2018 Monthly Totals SHORT TERM / LOT A GARAGE LONG TERM / LOT D ECONOMY / LOT E Total # $ $ / # % # $ $ / # % # $ $ / # % # $ $ / # % $ January 20,745 $83,215 $4.01 7.0% 11,363 $592,925 $52.18 49.9% 7,772 $304,268 $39.15 25.6% 5,099 $207,103 $40.62 17.4% $1,187,511 February 18,093 $80,744 $4.46 6.5% 11,136 $588,092 $52.81 47.4% 9,197 $353,317 $38.42 28.5% 5,968 $219,238 $36.74 17.7% $1,241,391 March 25,259 $105,942 $4.19 6.7% 13,029 $686,771 $52.71 43.6% 12,502 $468,419 $37.47 29.8% 8,306 $313,112 $37.70 19.9% $1,574,244 April 22,942 $102,960 $4.49 6.6% 12,591 $636,567 $50.56 41.0% 12,793 $493,123 $38.55 31.8% 8,680 $318,148 $36.65 20.5% $1,550,798 May 25,590 $99,033 $3.87 7.3% 11,956 $551,257 $46.11 40.6% 11,639 $434,798 $37.36 32.1% 7,859 $271,421 $34.54 20.0% $1,356,509 June 26,761 $85,578 $3.20 7.6% 10,570 $457,964 $43.33 40.6% 10,208 $369,746 $36.22 32.8% 6,266 $214,335 $34.21 19.0% $1,127,623 July 31,109 $95,495 $3.07 8.7% 8,751 $391,206 $44.70 35.5% 9,550 $385,648 $40.38 35.0% 6,186 $230,335 $37.23 20.9% $1,102,684 August 30,261 $93,789 $3.10 8.0% 10,163 $454,912 $44.76 39.0% 9,870 $386,550 $39.16 33.2% 6,297 $230,264 $36.57 19.8% $1,165,515 September 21,342 $76,092 $3.57 6.8% 10,107 $457,789 $45.29 40.8% 9,821 $370,058 $37.68 33.0% 6,270 $217,626 $34.71 19.4% $1,121,565 October #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! $0 November #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! $0 December #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! $0 Total 222,102 $822,848 $3.70 7.2% 99,666 $4,817,483 $48.34 42.2% 93,352 $3,565,927 $38.20 31.2% 60,931 $2,221,582 $36.46 19.4% $11,427,840 Parking Activity 2018 Cummulative Totals SHORT TERM / LOT A GARAGE LONG TERM / LOT D ECONOMY / LOT E Total # $ $ / # % # $ $ / # % # $ $ / # % # $ $ / # % $ January 20,745 $83,215 $4.01 7.0% 11,363 $592,925 $52.18 49.9% 7,772 $304,268 $39.15 25.6% 5,099 $207,103 $40.62 17.4% $1,187,511 February 38,838 $163,959 $4.22 6.8% 22,499 $1,181,017 $52.49 48.6% 16,969 $657,585 $38.75 27.1% 11,067 $426,341 $38.52 17.6% $2,428,902 March 64,097 $269,901 $4.21 6.7% 35,528 $1,867,788 $52.57 46.7% 29,471 $1,126,004 $38.21 28.1% 19,373 $739,453 $38.17 18.5% $4,003,146 April 87,039 $372,861 $4.28 6.7% 48,119 $2,504,355 $52.05 45.1% 42,264 $1,619,127 $38.31 29.2% 28,053 $1,057,601 $37.70 19.0% $5,553,944 May 112,629 $471,894 $4.19 6.8% 60,075 $3,055,612 $50.86 44.2% 53,903 $2,053,925 $38.10 29.7% 35,912 $1,329,022 $37.01 19.2% $6,910,453 June 139,390 $557,472 $4.00 6.9% 70,645 $3,513,576 $49.74 43.7% 64,111 $2,423,671 $37.80 30.2% 42,178 $1,543,357 $36.59 19.2% $8,038,076 July 170,499 $652,967 $3.83 7.1% 79,396 $3,904,782 $49.18 42.7% 73,661 $2,809,319 $38.14 30.7% 48,364 $1,773,692 $36.67 19.4% $9,140,760 August 200,760 $746,756 $3.72 7.2% 89,559 $4,359,694 $48.68 42.3% 83,531 $3,195,869 $38.26 31.0% 54,661 $2,003,956 $36.66 19.4% $10,306,275 September 222,102 $822,848 $3.70 7.2% 99,666 $4,817,483 $48.34 42.2% 93,352 $3,565,927 $38.20 31.2% 60,931 $2,221,582 $36.46 19.4% $11,427,840 October 222,102 $822,848 $3.70 7.2% 99,666 $4,817,483 $48.34 42.2% 93,352 $3,565,927 $38.20 31.2% 60,931 $2,221,582 $36.46 19.4% $11,427,840 November 222,102 $822,848 $3.70 7.2% 99,666 $4,817,483 $48.34 42.2% 93,352 $3,565,927 $38.20 31.2% 60,931 $2,221,582 $36.46 19.4% $11,427,840 December 222,102 $822,848 $3.70 7.2% 99,666 $4,817,483 $48.34 42.2% 93,352 $3,565,927 $38.20 31.2% 60,931 $2,221,582 $36.46 19.4% $11,427,840 61

Albany International Airport Rental Car Revenues 2015-2018 For the nine months ended September 30 $700,000 $650,000 $600,000 $550,000 $500,000 $450,000 $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 Jan Actual Feb Actual Mar Actual Apr Actual May Actual Jun Actual Jul Actual Aug Actual Sep Actual Oct Projected Nov Projected Dec Projected 2018 Actual/Projected 2017 Actual 2016 Actual 2015 Actual 2018 2018 2018 vs. YTD Revenues 2018 Budget Variance 2017 2017 2016 2015 On Airport Rental Car Rev $3,870,264 $3,857,428 $12,836 $3,906,097 -$35,833 $3,802,257 $3,843,758 Off Airport Rental Car Rev 125,468 145,255 (19,787) 176,332 (50,863) 129,951 123,233 Total YTD $3,995,732 $4,002,683 ($6,951) $4,082,427 -$86,695 $3,932,206 $3,966,991 2018 2018 2018 vs. 2018 Budget Variance 2017 2017 2016 2015 January (Actual) $274,396 $286,254 ($11,858) $280,610-2.2% $274,115 284,405 February (Actual) 244,464 281,648 (37,185) 269,050-9.1% 263,953 301,444 March (Actual) 257,554 320,983 (63,428) 300,825-14.4% 307,890 348,412 April (Actual) 293,529 339,596 (46,066) 379,319-22.6% 319,224 338,312 May (Actual) 390,188 413,138 (22,949) 394,053-1.0% 428,748 401,715 June (Actual) 577,170 541,560 35,610 566,799 1.8% 537,901 536,709 July (Actual) 728,505 665,035 63,470 707,627 3.0% 672,335 643,819 August (Actual) 751,410 687,545 63,865 711,095 5.7% 667,716 662,360 September (ACTUAL) 478,515 466,924 11,591 473,049 1.2% 460,324 449,815 October (Projected) 496,265 497,128 (863) 549,416-9.7% 484,966 459,348 November (Projected) 331,960 332,538 (577) 336,262-1.3% 328,000 318,724 December (Projected) 444,862 445,636 (774) 459,637-3.2% 312,090 308,350 Total 5,268,819 $5,277,985 ($9,166) $5,427,741-2.9% $5,057,262 5,053,413 YTD Revenues $3,995,732 $4,002,683 ($6,951) $4,082,427-2.1% $3,932,206 $3,966,991 YTD Enplanements 1,097,862 1,064,812 33,050 1,066,934 2.9% 1,060,634 968,179 Revenue Per Enplanement: $3.64 $3.76 -$0.12 $3.83-5.0% $3.71 $4.10 62

Albany International Airport Food & Beverage Sales & Revenues 2015-2018 For the nine months ended September 30 Gross Food & Beverage Sales $900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0 Jan Actual Feb Actual Mar Actual Apr Actual May Actual Jun Actual Jul Actual Aug Actual Sep Actual Oct Projected Nov Projected Dec Projected 2018 2017 2016 2015 Sales per Enplanement: Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec YTD 2018 McDonalds $1.11 $1.10 $1.33 $1.23 $1.21 $1.21 $1.23 $1.25 $1.23 $1.21 HMS Host $4.11 $4.14 $4.48 $4.13 $4.21 $4.11 $4.01 $4.11 $4.27 $4.17 Greenleaf's $0.28 $0.25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.06 OHM $0.00 $0.00 $0.10 $0.21 $0.21 $0.23 $0.24 $0.23 $0.19 $0.16 Villa $0.44 $0.41 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.09 Total 2017 $5.94 $5.90 $5.91 $5.57 $5.63 $5.55 $5.48 $5.59 $5.69 $0.00 $0.00 $0.00 $5.70 Sales per Enplanement: Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec YTD 2017 McDonalds $1.06 $1.05 $1.00 $1.01 $0.96 $0.97 $0.95 $0.97 $0.94 $0.91 $1.01 $1.04 $0.99 HMS Host $3.78 $3.81 $3.94 $3.72 $3.96 $4.02 $3.75 $3.81 $3.81 $3.92 $4.00 $4.26 $3.85 Greenleaf's $0.38 $0.45 $0.46 $0.45 $0.40 $0.39 $0.44 $0.43 $0.37 $0.35 $0.30 $0.26 $0.42 Villa $0.47 $0.51 $0.47 $0.49 $0.48 $0.47 $0.54 $0.54 $0.46 $0.45 $0.41 $0.44 $0.49 Total 2017 $5.69 $5.82 $5.88 $5.67 $5.80 $5.84 $5.69 $5.74 $5.58 $5.64 $5.73 $6.00 $5.75 Sales per Enplanement: Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec YTD 2016 McDonalds $0.96 $0.98 $0.92 $0.96 $0.91 $0.94 $1.01 $0.97 $0.97 $0.97 $0.99 $1.03 $0.96 HMS Host $3.74 $3.79 $3.76 $3.72 $3.91 $4.00 $4.03 $3.79 $3.84 $3.73 $3.60 $3.94 $3.84 Greenleaf's $0.42 $0.45 $0.46 $0.47 $0.46 $0.48 $0.45 $0.41 $0.37 $0.37 $0.39 $0.37 $0.44 Villa $0.46 $0.51 $0.50 $0.54 $0.52 $0.55 $0.59 $0.58 $0.46 $0.45 $0.49 $0.53 $0.52 Total 2016 $5.57 $5.73 $5.64 $5.68 $5.80 $5.97 $6.08 $5.75 $5.63 $5.52 $5.47 $5.86 $5.76 Sales per Enplanement: Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec YTD 2015 McDonalds $0.93 $0.93 $0.95 $0.92 $0.89 $0.93 $0.89 $0.90 $0.91 $0.91 $0.95 $0.96 $0.92 HMS Host $3.85 $3.92 $3.89 $3.79 $3.70 $3.76 $3.49 $3.46 $3.59 $3.51 $3.62 $3.82 $3.72 Greenleaf's $0.37 $0.41 $0.41 $0.41 $0.40 $0.39 $0.41 $0.41 $0.37 $0.36 $0.36 $0.37 $0.40 Villa $0.45 $0.53 $0.50 $0.48 $0.48 $0.51 $0.51 $0.48 $0.41 $0.42 $0.46 $0.48 $0.49 Total 2015 $5.61 $5.79 $5.75 $5.60 $5.48 $5.58 $5.31 $5.25 $5.28 $5.20 $5.38 $5.64 $5.52 ACAA Food & Beverage Revenues 2018 2018 2018 vs. 2018 Budget Variance 2017 2017 2016 2015 January (Actual) $59,517 $78,999 ($19,482) $57,444 3.6% $54,811 $53,077 February (Actual) 59,536 79,659 (20,123) 57,118 4.2% 56,890 53,246 March (Actual) 102,925 89,874 13,051 68,502 50.3% 65,702 62,167 April (Actual) 94,237 82,738 11,499 65,228 44.5% 65,817 44,693 May (Actual) 97,235 87,344 9,891 67,955 43.1% 66,960 56,187 June (Actual) 95,642 87,092 8,550 68,162 40.3% 68,057 55,959 July (Actual) 102,349 95,683 6,666 71,600 42.9% 76,561 60,796 August (Actual) 107,254 96,529 10,725 75,973 41.2% 74,763 60,938 September (ACTUAL) 95,875 84,467 11,408 62,093 54.4% 65,090 55,611 October (Projected) 95,446 91,675 3,771 73,404 30.0% 68,546 59,093 November (Projected) 92,753 89,088 3,665 68,188 36.0% 70,403 56,994 December (Projected) 85,281 81,911 3,369 68,271 24.9% 51,597 48,778 Total 1,088,050 $1,045,060 $42,990 $803,939 35.3% $785,197 $667,539 YTD Revenues $814,570 $782,386 $32,184 $594,076 37.1% $594,651 $502,674 YTD Enplanements 1,097,862 1,064,812 33,050 1,066,934 2.9% 1,060,634 968,179 Revenue Per Enplanement: $0.74 $0.73 $0.01 $0.56 32.1% $0.56 $0.52 63

Albany International Airport Retail Sales & Revenues 2015-2018 For the nine months ended September 30 Gross Retail Sales $450,000 $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 Jan Actual Feb Actual Mar Actual Apr Actual May Actual Jun Actual Jul Actual Aug Actual Sep Actual Oct Projected Nov Projected Dec Projected 2018 2017 2016 2015 Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec YTD Sales per Enplanement: 2018 $2.52 $2.56 $2.71 $2.70 $2.79 $2.87 $2.96 $2.97 $2.84 $2.77 2017 $2.49 $2.67 $2.66 $2.74 $2.77 $2.87 $2.84 $2.86 $2.63 $2.61 $2.53 $2.49 $2.72 2016 $2.29 $2.44 $2.41 $2.50 $2.57 $2.77 $2.90 $2.83 $2.75 $2.65 $2.45 $2.53 $2.77 2015 $2.14 $2.35 $2.04 $2.01 $2.22 $2.64 $2.57 $2.55 $2.42 $2.33 $2.32 $2.31 $2.33 ACAA Retail Revenues 2018 2018 2018 vs. 2018 Budget Variance 2017 2017 2016 2015 January (Actual) $62,868 $67,529 ($4,661) $65,706-4.3% $65,583 $65,583 February (Actual) 52,723 60,371 (7,648) 55,583-5.1% 55,584 55,583 March (Actual) 68,414 64,792 3,622 63,695 7.4% 57,541 57,891 April (Actual) 75,535 71,519 4,016 75,478 0.1% 69,653 63,275 May (Actual) 69,274 65,760 3,514 66,785 3.7% 60,783 55,583 June (Actual) 71,368 67,907 3,461 68,968 3.5% 65,255 55,887 July (Actual) 91,812 83,497 8,315 85,180 7.8% 85,995 72,804 August (Actual) 82,457 77,664 4,793 77,344 6.6% 75,532 62,991 September (ACTUAL) 64,271 65,483 (1,212) 58,406 10.0% 63,581 55,583 October (Projected) 78,220 76,481 1,739 76,689 2.0% 75,432 65,583 November (Projected) 65,312 63,860 1,452 58,637 11.4% 56,553 55,583 December (Projected) 67,289 65,793 1,496 50,063 34.4% 55,583 40,651 Total $849,543 $830,657 $18,886 $802,534 5.9% $787,075 $707,000 #DIV/0! YTD Revenues $638,722 $624,522 $14,200 $617,145 3.5% $599,507 $545,182 YTD Enplanements 1,097,862 1,064,812 33,050 1,066,934 2.9% 1,060,634 968,179 Revenue Per Enplanement: $0.58 $0.59 ($0.01) $0.58 0.0% $0.57 $0.56 64

*** UNAUDITED - FOR INTERNAL REVIEW*** AvPort Airport Operations 65

Albany County Airport Authority Summary of AvPorts Expenses 2018 September 2018 September 2018 Actual/ Adopted FY Budget Actual Variance Variance 2017 & Prior Year Budget YTD YTD YTD % Actual Variance % EXPENSES BY CATEGORY Personal Services $ 7,660,900 $ 5,708,643 $ 5,280,804 $ 427,838 7.49% $ 5,085,271-3.85% Employee Benefits 3,543,209 2,653,820 2,477,243 176,577 6.65% 2,350,114-5.41% Utilities & Communications 1,948,934 1,543,583 1,539,727 3,856 0.25% 1,476,847-4.26% Purchased Services Insurance 258,087 252,775 262,719 (9,944) -3.93% 258,064-1.80% Public Safety 262,650 195,748 225,580 (29,833) -15.24% 195,609-15.32% Albany County Sheriffs 2,627,656 1,970,742 1,970,742 0 0.00% 1,933,518-1.93% Parking Valet Service 350,000 262,500 284,443 (21,943) -8.36% 292,262 2.68% Employee Shuttle 20,000 10,000 12,500 (2,500) 0.00% 10,000-25.00% Janitorial 459,681 344,761 396,733 (51,972) -15.07% 320,839-23.65% Public Communications 538,914 389,076 380,128 8,948 2.30% 384,291 1.08% Special Studies 34,200 25,650 12,378 13,272 51.74% 5,516-124.40% Professional Services 483,000 362,250 347,919 14,331 3.96% 317,203-9.68% Total Purchased Services 5,034,188 3,813,502 3,893,142 (79,641) -2.09% 3,717,302 4.73% Material & Supplies Airfield 901,000 625,229 577,628 47,601 7.61% 500,664-15.37% Buildings 1,775,638 1,328,324 1,680,214 (351,890) -26.49% 1,490,141-12.76% Grounds 777,685 611,864 527,658 84,206 13.76% 540,222 2.33% Vehicles 576,100 406,075 402,319 3,756 0.92% 411,796 2.30% Total Material & Supplies 4,030,423 2,971,492 3,187,819 (216,327) -7.28% 2,942,823 8.33% Office 236,110 169,602 79,270 90,332 53.26% 74,627-6.22% Administration 586,900 448,594 502,344 (53,750) -11.98% 489,963-2.53% Total Expenses $ 23,040,664 $ 17,309,236 $ 16,960,349 $ 348,885 2.02% $ 16,136,947-5.10% DEPARTMENT SUMMARY (DIRECT & INDIRECT) Direct Cost Centers Airfield $ 3,255,010 $ 2,401,163 $ 2,414,654 $ (13,491) -0.56% $ 2,193,100-10.10% Terminal 5,359,187 4,072,175 4,216,417 (144,242) -3.54% 3,947,582-6.81% Loading Bridges 293,482 219,377 249,143 (29,766) -13.57% 175,099-42.29% Parking 4,722,146 3,565,397 3,064,832 500,565 14.04% 2,995,660-2.31% Landside 1,133,753 875,446 918,063 (42,618) -4.87% 944,064 2.75% Total Direct Cost Centers 14,763,578 11,133,558 10,863,109 270,448 2.43% 10,255,505-5.92% Indirect Cost Center ARFF 2,027,056 1,507,233 1,384,601 122,632 8.14% 1,429,181 3.12% Operations 1,005,829 752,140 747,150 4,991 0.66% 691,217-8.09% Security 3,020,977 2,263,876 2,255,515 8,361 0.37% 2,150,474-4.88% Vehicles & Equipment 1,345,246 995,434 1,058,362 (62,928) -6.32% 964,842-9.69% Airport Mgmt Administration 877,978 656,993 651,611 5,382 0.82% 645,730-0.91% Total Indirect Cost Centers 8,277,086 6,175,676 6,097,239 78,438 1.27% 5,881,444-3.67% Total Expenses $ 23,040,664 $ 17,309,234 $ 16,960,348 $ 348,886 2.02% $ 16,136,949-5.10% 66

ALBANY COUNTY AIRPORT AUTHORITY Detail of AvPorts Departments For the Nine Months Ending Sunday, September 30, 2018 EXPENSES Total Annual Budget This Month Budget This Month Actual Var this Mo To Buget Year to Date Budget Year to Date Actual Var this Yr to Budget Personal Services 11000 Salaries $6,946,636 $534,357 $468,911 $65,446 $5,209,977 $4,692,329 $517,648 12010 Overtime 1.5 669,076 51,860 55,075 (3,215) 464,608 557,252 (92,644) 12020 Overtime 2.0 45,188 1,177 1,129 48 34,058 31,223 2,835 Total Personal Services 7,660,900 587,393 525,115 62,278 5,708,643 5,280,804 427,838 Employee Benefits 21000 Social Security 544,536 49,955 38,885 11,070 397,914 396,467 1,447 22000 Health Insurance 2,087,103 160,546 164,901 (4,355) 1,565,327 1,495,055 70,272 24000 Medical Exams 21,600 1,800 405 1,395 16,200 7,810 8,390 25000 Uniforms & Laundry 43,234 3,603 2,073 1,529 32,426 32,953 (528) 25005 Uniform Purchases 38,200 3,183 886 2,298 28,650 9,053 19,597 26010 Disability Insurance 112,105 8,623 11,161 (2,537) 84,079 101,443 (17,364) 26020 Unemployment Insurance 49,473 453 129 324 48,480 44,577 3,903 26030 Workers Compensation 503,727 41,977 29,841 12,137 377,795 268,566 109,229 29001 Airport & FBO 401K 143,231 13,100 12,090 1,010 102,949 121,319 (18,370) Total Employee Benefits 3,543,209 283,240 260,370 22,870 2,653,820 2,477,243 176,577 Utilities & Communications 31000 Electric 1,426,250 114,771 60,233 54,538 1,098,377 1,078,794 19,584 33000 Natural Gas 231,000 7,613 7,049 565 176,905 213,397 (36,493) 34000 Sewer 88,000 0 0 0 88,000 91,431 (3,431) 35000 Water 110,150 55,075 37,054 18,021 110,150 91,805 18,345 36010 Telephone Charges-Local 13,620 1,135 1,098 37 10,215 9,956 259 36011 Tele Chg-Long Dist 675 56 26 31 506 315 191 36012 Telephone - Sheriff 4,200 350 336 14 3,150 3,023 127 36017 Payphones-Annual & Mo Serv 21,500 1,792 420 1,372 16,125 13,061 3,064 36018 Payphones-Monthly Usage 300 25 0 25 225 193 32 36020 Telephone Repairs 5,000 417 0 417 3,750 0 3,750 36030 Telephone-Cellular 44,000 3,667 348 3,319 33,000 35,440 (2,440) 36060 Cable Television 4,239 353 208 145 3,179 2,312 868 Total Utilities & Communications 1,948,934 185,254 106,771 78,483 1,543,583 1,539,727 3,856 PURCHASED SERVICES Insurance 42010 Airport Liability Insurance 5,750 479 479 0 4,313 4,313 0 42020 Automotive Insurance 61,505 5,050 5,615 (565) 61,505 68,378 (6,873) 42060 Property Insurance 175,332 14,499 15,559 (1,060) 175,332 180,028 (4,696) 42095 Insurance Claims 15,500 1,292 10,000 (8,708) 11,625 10,000 1,625 Total Insurance 258,087 21,320 31,653 (10,333) 252,775 262,719 (9,944) Public Safety 44000 Public Safety 2,627,656 218,971 218,971 0 1,970,742 1,970,742 0 44005 Outside Security Services 251,650 22,717 46,688 (23,971) 187,498 218,787 (31,290) 44010 Armored Car Service 11,000 917 721 195 8,250 6,793 1,457 44020 Parking Valet Service 350,000 29,167 25,066 4,101 262,500 284,443 (21,943) 44030 Employee Shuttle Service 20,000 0 0 0 10,000 12,500 (2,500) Total Public Safety 3,260,306 271,772 291,446 (19,675) 2,438,990 2,493,265 (54,275) Janitorial 45000 Janitorial Services 406,621 33,885 36,265 (2,380) 304,966 346,419 (41,454) 67

ALBANY COUNTY AIRPORT AUTHORITY Detail of AvPorts Departments For the Nine Months Ending Sunday, September 30, 2018 Total Annual Budget This Month Budget This Month Actual Var this Mo To Buget Year to Date Budget Year to Date Actual Var this Yr to Budget 45010 Refuse Removal Services 53,060 4,422 5,584 (1,162) 39,795 50,314 (10,518) Total Janitorial 459,681 38,307 41,849 (3,542) 344,761 396,733 (51,972) Public Communications 46012 Artistic Exhibits 115,132 11,064 14,504 (3,440) 85,899 93,962 (8,063) 46013 Museum Shop 281,144 24,968 20,137 4,831 196,199 179,300 16,899 46020 Passenger Information Booth 142,638 11,887 11,874 13 106,979 106,866 113 Total Public Communications 538,914 47,918 46,515 1,404 389,076 380,128 8,948 Studies 47000 Special Studies 22,000 1,833 0 1,833 16,500 11,800 4,700 47010 GIS Services 12,200 1,017 0 1,017 9,150 578 8,572 Total Studies 34,200 2,850 0 2,850 25,650 12,378 13,272 Professional Services 49010 Architectural 40,000 3,333 0 3,333 30,000 3,048 26,952 49020 Engineering Services 33,000 2,750 2,239 511 24,750 37,371 (12,621) 49040 Professional Management 410,000 34,167 34,167 0 307,500 307,500 0 Total Professional Services 483,000 40,250 36,406 3,844 362,250 347,919 14,331 Total Purchased Services 5,034,188 422,416 447,869 (25,453) 3,813,501 3,893,142 (79,641) MATERIALS & SUPPLIES Airfield 51010 Fencing 10,000 1,643 0 1,643 7,458 9,214 (1,756) 51011 Airfield Lighting 100,000 23,633 1,485 22,148 88,790 33,383 55,406 51014 Pavement Repairs 10,000 6,460 0 6,460 8,307 738 7,569 51015 Apron Maintenance 50,000 12,112 473 11,639 32,654 24,069 8,585 51016 Runway Painting 30,000 0 0 0 25,318 22,694 2,623 51017 Airfield Shop Supplies 20,000 1,667 4,059 (2,393) 15,000 23,315 (8,315) 51019 Snow Removal Supplies 250,000 0 0 0 119,241 226,693 (107,453) 51020 Rubber Removal 35,000 4,310 18,552 (14,242) 28,197 18,552 9,645 51030 EMS Supplies 10,000 833 0 833 7,500 5,857 1,643 51031 ARFF Supplies 25,000 2,083 403 1,680 18,750 5,327 13,423 51032 Hazardous Material Supplies 6,000 500 0 500 4,500 3,187 1,313 51033 Foam 24,000 2,000 2,736 (736) 18,000 5,764 12,236 51051 Glycol Disposal 3,500 292 0 292 2,625 0 2,625 51052 Wastewater Conveyance 7,500 0 0 0 7,500 7,500 0 51053 Electric 100,000 2,146 2,392 (247) 85,245 81,573 3,672 51054 Sewer District Charges 5,000 0 0 0 5,000 5,000 0 51055 Water District Charges 15,000 924 2,706 (1,782) 11,870 15,883 (4,012) 51057 System Maint & Repairs 200,000 12,600 6,460 6,140 139,275 88,879 50,397 Total Airfield 901,000 71,202 39,268 31,934 625,229 577,628 47,601 Buildings 52010 Alarm & PA Systems 72,900 6,075 25,823 (19,748) 54,675 113,168 (58,493) 52012 Card Access Control 45,000 3,750 1,269 2,481 33,750 45,295 (11,545) 52013 CTV Repair 25,000 2,083 1,375 708 18,750 15,203 3,547 52014 Key Access System 15,000 1,250 813 437 11,250 19,457 (8,207) 52020 Baggage System 20,000 1,667 4 1,662 15,000 7,762 7,238 52031 Electrical Repairs & Supplies 169,000 14,083 50,881 (36,798) 126,750 238,904 (112,154) 52032 Elevator Repairs & Supplies 145,000 12,083 450 11,633 108,750 104,012 4,738 68

ALBANY COUNTY AIRPORT AUTHORITY Detail of AvPorts Departments For the Nine Months Ending Sunday, September 30, 2018 Total Annual Budget This Month Budget This Month Actual Var this Mo To Buget Year to Date Budget Year to Date Actual Var this Yr to Budget 52033 HVAC 189,000 15,750 25,385 (9,635) 141,750 215,744 (73,994) 52034 Roof 28,000 2,333 3 2,330 21,000 26,113 (5,113) 52035 Plumbing Repairs & Supplies 61,000 5,083 27,644 (22,560) 45,750 55,048 (9,298) 52036 Automatic Door Repairs 9,000 750 0 750 6,750 3,718 3,032 52037 Pest Control 16,640 1,387 1,484 (97) 12,480 14,538 (2,057) Building Maintenance Contract Services 0 0 6,164 (6,164) 0 24,809 (24,809) 52038 52040 Fire Equipment Services 5,000 417 0 417 3,750 1,818 1,932 52041 Fire Equipment Testing 3,000 250 756 (506) 2,250 2,036 214 52050 US Customs 25,000 1,605 7,379 (5,774) 15,345 22,916 (7,571) 52051 Control Tower 300,000 25,000 23,843 1,157 225,000 198,721 26,279 52060 Building Maintenance 355,000 29,583 55,700 (26,117) 266,250 406,364 (140,114) 52062 Janitorial Supplies 153,000 12,750 9,725 3,025 114,750 91,595 23,155 52063 Window Washing 59,574 4,965 960 4,005 44,681 33,488 11,192 52071 ID Tags 24,000 2,000 3,595 (1,595) 18,000 22,491 (4,491) 52080 Sign Expense 4,000 333 2,165 (1,832) 3,000 6,715 (3,715) 52090 Flight Information Displays 51,524 4,294 750 3,544 38,643 10,301 28,342 Total Buildings 1,775,638 147,491 246,168 (98,677) 1,328,324 1,680,214 (351,890) Grounds 53010 Landscaping 34,200 269 1,655 (1,386) 17,249 22,987 (5,739) 53020 Fencing 1,500 125 0 125 1,125 0 1,125 53030 Pavement Repairs 38,000 669 159 510 25,919 35,385 (9,466) 53035 Utitlity Repairs 500 42 0 42 375 0 375 53040 Sign Expense 13,500 1,125 464 661 10,125 6,179 3,946 53041 Traffic Light Repairs 2,000 167 0 167 1,500 0 1,500 53045 Catch Basin Maintenance 3,000 250 0 250 2,250 0 2,250 53048 Snow Removal Supplies 70,000 0 58,082 (58,082) 62,972 77,205 (14,233) 53050 Snow Removal Services 265,600 0 0 0 248,784 198,997 49,787 53051 NYS Police Hangar Maint 125,000 10,417 20,213 (9,797) 93,750 68,346 25,404 53060 Dump Fees - Landfill 3,650 304 0 304 2,738 6,007 (3,269) 53070 Hazardous Waste Mgmt 12,300 1,025 0 1,025 9,225 2,767 6,458 53071 Wildlife Hazard Management 38,000 306 217 89 14,731 7,639 7,092 53078 Liquid Waste Disposal 30,000 2,500 3,913 (1,413) 22,500 6,977 15,523 53085 Land Lease 15,435 1,286 1,286 0 11,576 18,077 (6,500) 53090 T-Hangar Facility Maintenance 125,000 14,621 16,032 (1,411) 87,045 77,092 9,953 Total Grounds 777,685 33,106 102,022 (68,916) 611,864 527,658 84,206 Vehicles 54010 Gasoline 43,000 2,138 3,953 (1,815) 30,550 46,416 (15,866) 54011 Diesel Fuel 103,000 6,353 4,803 1,551 77,826 97,474 (19,647) 54012 Oil / Grease 29,000 2,417 2,764 (347) 21,750 17,546 4,204 54015 CNG Fuel 26,000 2,071 1,951 120 20,631 16,972 3,659 54013 Vehicle / Equipment Tires 41,000 3,417 1,778 1,638 30,750 13,547 17,203 54021 Vehicle Repair & Maintenance 52,000 5,056 5,847 (791) 40,915 55,959 (15,044) 54022 Vehicle Communication Equip 7,000 583 0 583 5,250 9,936 (4,686) 54023 Sheriff Vehicle Repair & Maint 100 8 0 8 75 0 75 54030 General Equip Repair & Maint 70,000 5,833 5,269 564 52,500 34,044 18,456 54040 Heavy Equipment Maint 50,000 2,106 2,242 (136) 31,331 51,430 (20,099) 54045 ARFF Vehicle Repair & Maint 20,000 1,667 897 769 15,000 5,070 9,930 54050 Snow Equip Repair & Maint 80,000 1,406 368 1,037 38,833 10,807 28,025 54060 Mower Repair & Maintenance 15,000 1,728 78 1,651 10,664 10,768 (105) 54070 Vehicle Shop Tools & Supplies 40,000 3,333 5,491 (2,158) 30,000 32,350 (2,350) Total Vehicles 576,100 38,117 35,442 2,675 406,075 402,319 3,756 69

ALBANY COUNTY AIRPORT AUTHORITY Detail of AvPorts Departments For the Nine Months Ending Sunday, September 30, 2018 Total Annual Budget This Month Budget This Month Actual Var this Mo To Buget Year to Date Budget Year to Date Actual Var this Yr to Budget Total Material & Supplies 4,030,423 289,916 422,899 (132,984) 2,971,491 3,187,818 (216,327) Office 55010 Office Equipment Rental 5,736 478 251 227 4,302 3,828 475 55011 Copy Machine Use 725 83 0 83 550 0 550 55012 Office Equipment Serv Agrmnt 4,463 256 0 256 3,370 3,082 288 55013 Office Equipment Repairs 700 58 0 58 525 0 525 55014 Computer System Supplies 36,600 3,050 0 3,050 27,450 6,243 21,207 55015 Hardware/Software Maint 66,461 3,749 0 3,749 44,288 16,850 27,438 55016 Computer Equipment 47,675 3,973 2,401 1,572 35,756 8,261 27,495 55020 Office Furniture & Fixtures 5,050 421 0 421 3,788 1,205 2,583 55030 Printed Forms / Letterhead 4,200 350 379 (29) 3,150 920 2,230 55031 Parking Ticket Stock 16,000 1,333 0 1,333 12,000 10,276 1,724 55032 Printing Outside Services 100 8 0 8 75 0 75 55041 Express Mail 600 50 53 (3) 450 301 149 55050 Reference Materials 1,200 100 0 100 900 0 900 55060 Office Supplies 13,600 1,133 662 471 10,200 5,860 4,340 55070 Payroll Services 33,000 2,080 2,946 (865) 22,798 22,445 353 Total Office 236,110 17,123 6,692 10,431 169,602 79,270 90,332 Administration 66000 Dues & Subscriptions 9,690 0 0 0 9,365 6,399 2,967 66002 A.A.A.E. Memberships 550 0 550 (550) 550 1,100 (550) 66010 AvPorts/MA Training & Travel 78,810 9,616 1,425 8,191 57,903 29,367 28,535 66030 Advertising - Public Meetings 2,000 167 0 167 1,500 0 1,500 66031 Economic Development 10,000 833 0 833 7,500 0 7,500 66040 License & Permits 3,850 0 2,300 (2,300) 0 2,300 (2,300) 66050 Property Taxes 37,000 0 0 0 37,000 37,302 (302) 66060 Credit Card Service Charges 325,000 18,609 27,939 (9,330) 237,343 266,626 (29,282) 66061 EZ Pass Fees 120,000 14,181 8,455 5,726 97,433 89,182 8,251 66065 A/R Write Offs 0 0 0 0 0 70,069 (70,069) Total Administration 586,900 43,406 40,668 2,738 448,594 502,344 (53,750) Total Expenses 23,040,664 1,828,749 1,810,385 18,364 17,309,233 16,960,348 348,885 83000 Non Capital Equipment 240,000 20,000 0 20,000 180,000 222,495 (42,495) Total Exp & Non Cap Equip. 23,280,664 1,848,749 1,810,385 38,364 17,489,233 17,182,843 306,390 70

Albany International Airport Employee Count 2018 Variance Budget As of As of As of As of As of As of As of As of As of As of As of As of Budget vs. 2018 Jan 31, 18 Feb 28, 18 Mar 31, 18 Apr 30, 18 May 31,18 Jun 30,18 Jul 31,18 Aug 31,18 Sep 30,18 Oct 31,18 Nov 30,18 Dec 31,18 Sep 30,18 AIRPORT MANAGEMENT - AVPORTS: Airfield Maintenance Manager 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 Deputy Maintenance Manager 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 Airport Maintenance Supervisor 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 Airport Maintenance Lead-Airfield 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 0.00 Electrician 2.00 1.00 1.00 1.00 2.00 2.00 2.00 2.00 2.00 2.00 0.00 Airport Maintenance Tech-Electrical 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 Airport Maintenance Lead-Grounds 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 Airport Maint Tech Lead-Glycol 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 Airport Maint Tech -Chief Glycol 0.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 Airport Maint Tech-Glycol 4.00 3.00 3.00 3.00 3.00 2.00 2.00 2.00 2.00 2.00-2.00 Airport Maint Tech Airfield 12.00 9.00 9.00 9.00 9.00 10.25 10.75 9.75 9.00 9.00-3.00 Secretary 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.00 Terminal Facilities Manager 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 Facilities Coordinator 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.00 Facilities Maint Lead 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 0.00 Facilities Maint - HVAC 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 Facilities Maint Technician 5.00 5.00 5.00 5.00 5.00 5.00 4.00 4.25 4.00 4.00-1.00 Custodial Supervisor 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 Custodial Lead 5.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00-1.00 Custodial Worker 18.00 16.00 16.00 15.00 15.00 14.00 16.00 17.00 18.00 18.00 0.00 Floor Care Technician 1.00 2.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 Airport Custodial Technician 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 Artistic Exhibits 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.00 Museum Shop 5.50 4.25 4.25 4.25 4.25 4.25 4.25 4.25 4.25 4.25-1.25 Loading Bridges Facilities Maint Lead-Loading Bridge 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 0.00 Parking Deputy, Commercial Services 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 Parking Supervisor 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 0.00 Lead Cashier 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 0.00 Cashier, Full Time 14.00 13.00 13.00 14.00 14.00 13.00 14.00 14.00 14.00 14.00 0.00 Cashier, Part Time - FTE 2.50 0.00 0.50 0.50 0.50 0.50 0.00 0.00 0.00 0.00-2.50 Shuttle Operator Lead 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 Shuttle Detailer 1.00 1.00 1.00 0.00 0.00 0.00 0.00 0.00 0.00 1.00 0.00 Shuttle Operator, Full Time 12.00 12.00 12.00 11.00 11.00 12.00 12.00 12.00 12.00 11.00-1.00 Shuttle Operator, Part Time - FTE 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 Lead Parking Maint Tech 1.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00-1.00 Parking Assistant 1.00 0.00 0.00 0.00 0.00 0.00 0.00 1.00 1.00 0.00-1.00 Parking Maint Technician 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 0.00 Security Curbside Monitors, Full Time 4.00 4.00 4.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00-1.00 Curbside Monitors, Part Time - FTE 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.00 2.00-0.50 Landside Tower/Custodial 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 0.00 Admin Building/Custodial 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.00 ARFF Chief/Safety Manager 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 Captains/Safety Supervisor 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 0.00 Firefighters/Safety Officer 16.00 15.00 15.00 15.00 15.00 15.00 15.00 15.00 15.00 15.00-1.00 Operations Airport Operations Manager 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 Airport Security Supervisor 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 Asst Airport Security Supervisor 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 Airport Operations Supervisor 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 0.00 Airport Operations Officer 4.00 5.00 5.00 5.00 5.00 5.00 5.00 4.00 4.00 2.00-2.00 Receptionist 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 Vehicles & Equipment Airport Maint Lead-Vehicle Maint 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 0.00 Inventory Control Specialist 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 Airport Maint Tech-Vehicle Maint 8.00 8.00 8.00 8.00 8.00 8.00 8.00 8.00 8.00 8.00 0.00 Administration 3.50 3.50 3.50 3.50 3.50 3.75 3.75 3.75 3.50 3.50 0.00 Total AvPORTS Positions 173.00 160.25 159.75 156.75 157.75 157.25 159.25 159.50 158.75 155.75 0.00 0.00 0.00-17.25 71

Personnel Services & Benefits For the nine months ended September 30, 2018 Personnel Services AFCO (AvPorts) Year to Date Year to Date Budget Actual Variance Regular - Salaries $ 4,425,006 $ 3,900,244 $ 524,762 Holiday Pay 185,470 121,225 64,245 Other Dollars/Funeral/Jury/Retro 144,936 256,949 (112,013) Shift Premium 69,390 59,408 9,982 Lead Pay 9,183 6,582 2,601 Sick Pay 82,027 84,060 (2,033) Personal Pay - - - Vacation Pay 293,965 263,861 30,104 Sub Total 5,209,977 4,692,329 517,648 Overtime 464,608 557,252 (92,644) Double Time Pay 34,058 31,223 2,835 Total 5,708,643 5,280,804 427,839 Employee Benefits Social Security & Medicare 397,914 396,467 1,447 Federal Unemployment Tax 8,342 7,101 1,241 NYS Unemployment 40,138 37,476 2,662 Workers Compensation 377,795 268,566 109,229 401 (K) Plan Match 102,949 121,319 (18,370) Health & Dental Insurance 1,777,052 1,695,596 81,456 Employee Benefits Deductions (211,725) (200,541) (11,184) Disability/Life Insurance 84,079 101,443 (17,364) Total 2,576,544 2,427,427 149,117 Total Salaries and Benefits $ 8,285,187 $ 7,708,231 $ 576,956 72

Albany International Airport 2018 AvPort's Performance Measurements For the nine months ended September 30 Airfield Performance Measurements 2015 Final 2016 Final 2017 Final 2018 Budget 2018 YTD Actual Number of vehicle accidents on Airfield over $1,000 1 1 1 0 0 Airport remained open for all airline operations 100% 100% 100% 100% 100% Electrical work-orders 621 727 868 700 788 SPEDES permit sanctions 0 0 0 0 0 Gallons of deicing aircraft storm yg water fluid collected 15,586,695 13,606,000 18,499,000 25,000,000 17,871,383 water removed (the higher the better) 3.1% 2.9% 3.3% 3.5% 4.1% Employees with CDL licenses 35 34 33 40 34 Runway incidents 0 0 0 0 0 Notices to Airmen (NOTAMs) for airfield lighting 54 66 28 0 24 Occupational Safety and Health Administration (OSHA) reportable incidents 7 2 2 0 2 Liquid potassium acetate used on runways (avg gallons per snow ice event) 1,768 785 2,418 4,000 3,032 Airfield electric usage (KWH) 595,519 636,751 659,988 635,000 520,934 Overtime/Personnel Services (%) 14.1% 11.3% 14.0% 9.9% 12.4% Terminal Performance Measurements 2015 Final 2016 Final 2017 Final 2018 Budget 2018 YTD Actual HVAC Equipment in operation 100.0% 100.0% 100.0% 100.0% 100.0% Work Orders 3,413 3,586 3,548 3,600 3,230 Survey: cleanliness of the terminal N/A N/A N/A 80% N/A Average # of days a work order remains open 2.5 2.5 2.5 2.5 2.6 Plumbing Equipment in operation 100% 100% 100% 100% 100% Terminal Maintenance direct cost per square foot $16.63 $18.38 $17.77 $18.81 $14.62 Terminal electrical usage (KWH): 79 Building 1,569,493 1,547,262 1,337,120 1,540,000 1,053,329 Terminal electrical usage (KWH): 98 Building 7,700,324 7,339,716 7,041,849 7,329,000 5,084,597 Overtime/Personnel Services (%) 7.4% 6.9% 7.6% 5.9% 7.8% Loading Bridge Performance Measurements 2015 Final 2016 Final 2017 Final 2018 Budget 2018 YTD Actual Direct Cost per Loading Bridge $25,158 $20,933 $23,787 $22,576 $19,165 Airline Employees trained 11 2 13 5 35 Over-the-Wing (OTW) Loading Bridge total operations 3,881 4,278 4,249 4,300 3,056 Loading Bridge electrical usage (KWH) (6.1% of 98 building gets allocated) 667,216 635,970 635,970 640,000 440,569 OTW Loading Bridge Maintenance calls (new measurement for 2009) 59 93 80 10 76 OTW Loading Bridge out of service (new measurement for 2009) 10.9% 19.5% 30.2% 0.0% 27.1% Number of leased loading bridges 14 14 13 13 13 Overtime/Personnel Services (%) 19.7% 16.8% 16.1% 10.2% 15.1% Parking Performance Measurements 2015 Final 2016 Final 2017 Final 2018 Budget 2018 YTD Actual Express parking transactions 308,094 327,771 345,998 325,000 262,986 Cashier parking transactions 315,367 322,647 292,572 312,000 213,480 Cashier parking transaction errors 109 110 67 114 41 Shuttle Bus Survey (new measurement for 2008) N/A N/A N/A 85% N/A Customer/Vehicle Contact 0 0 0 0 0 OSHA recordable accidents 6 6 2 0 2 Parking electrical usage (KWH) 345,278 348,356 348,356 345,000 256,403 Parking Garage electrical usage (KWH) (23.5% of 98 building gets allocated) 2,570,421 2,450,047 2,450,047 2,500,000 1,697,273 YTD Loss/Gain -$1,178 -$1,080 -$636 -$884 $215 Overtime/Personnel Services (%) 18.2% 18.0% 14.8% 10.7% 15.6% 73

Landside Performance Measurements 2015 Final 2016 Final 2017 Final 2018 Budget 2018 YTD Actual Number of tenants 53 53 56 56 56 Landside building rental (Sq ft) * 316,243 327,108 329,478 326,919 429,165 Landside land rental (acres)* 31 34 36 36 36 Tenant complaints 0 0 0 0 0 *Includes rented space/land only ARFF Performance Measurements 2015 Final 2016 Final 2017 Final 2018 Budget 2018 YTD Actual Annual Dispatch Calls 527 536 658 550 471 Tour conducted by ARFF 36 34 21 35 30 AED classes conducted 2 27 22 15 0 Fire Extinguishers inspected/serviced 5,904 5,711 5,970 5,600 4,261 NYS Fire Fighter training (training hours) 1,992 504 504 1,900 378 OSHA required fire training (training hours) 156 156 156 156 117 NYS EMT training (training hours) 480 480 480 480 360 FAA ARFF training (training hours) 516 516 516 516 387 Building code inspections 30 52 45 20 30 Overtime/Personnel Services (%) 18.9% 16.2% 18.6% 13.1% 13.9% Operations Performance Measurements 2015 Final 2016 Final 2017 Final 2018 Budget 2018 YTD Actual Work Orders (Facility) Building Maintenance calls 3,491 3,698 3,644 3,500 3,232 Work Orders (139) aeronautical areas 793 729 999 750 828 Notice to airmen (NOTAMS) 1,158 978 1,471 1,000 1,799 Bird Strikes 27 48 71 15 23 Property Damage Reports 154 147 176 140 142 Bodily Injury Reports 185 248 246 200 160 FAA 139 Inspections discrepancies 9 18 9 5 7 Operations' employee accidents 0 0 0 0 0 Operations' property accidents 0 2 0 0 1 Overtime/Personnel Services (%) 10.5% 13.1% 11.0% 11.2% 9.2% Security Performance Measurements 2015 Final 2016 Final 2017 Final 2018 Budget 2018 YTD Actual Security Trainees 559 686 697 600 547 Driver Trainees 277 408 422 300 332 Finger Printing 727 763 743 1100 641 Badges Issued 130 166 186 200 132 Revalidations* 521 656 681 400 661 Escort Required Badges Issued 3,524 2,840 2,137 2,500 2,005 Business Center Security Passes 186 169 64 100 137 Curbside Accidents 0 0 0 0 0 Curbside Security - Overtime/Personnel Services (%) 10.9% 8.6% 5.4% 1.5% 5.1% *Revalidations of badges are performed every other year Vehicle Maintenance Performance Measurements 2015 Final 2016 Final 2017 Final 2018 Budget 2018 YTD Actual Heavy Equipment (Units) 47 47 47 45 45 Light Vehicles (Units) 34 34 34 36 35 Light Equipment (Units) 233 233 233 230 230 Average age of ARFF Fleet (yrs) 9 9 8 7 9 Average age of Shuttle Buses (yrs) 4 4 3 4 4 Average age of Fuel Trucks (yrs) 12 12 14 13 15 Average age of other large vehicles 17 17 16 15 17 Average age of Pick-ups 15 15 10 16 11 Shuttle Bus (Not less than 6 operational) 7 7 7 7 7 Fuel Truck (Not less than 7 operational) 7 7 7 7 7 Technicians trained 33 0 24 2 16 Overtime/Personnel Services (%) 12.9% 9.7% 10.2% 8.7% 8.3% AvPort's Administration Performance Measurements 2015 Final 2016 Final 2017 Final 2018 Budget 2018 YTD Actual AvPort's total full time employment equivalents 150.5 154.3 159.5 173.0 155.8 Total AvPort's overtime 13.6% 12.4% 12.4% 9.3% 11.1% Budgetary needs met Yes Yes Yes Yes Yes Saving/revenue producing ideas 0 0 0 1 0 Total AvPorts Property Damage Reports 35 16 23 29 4 Administration Overtime/Personnel Services (%) 0.0% 0.0% 0.0% 0.0% 0.0% Employee turnover 27.0% 15.9% 12.9% 19.0% 11.5% 74

*** UNAUDITED - FOR INTERNAL REVIEW*** Million Air FBO Operations 75

Albany County Airport Authority FBO Operations Summary For the nine months ended September 30, 2018 Commercial Fueling (60) GA & Facilities (61) Administration (69) TOTAL Budget Actual Budget Actual Budget Actual Budget Actual Variance REVENUES Retail Fuel Jet A Fuel Sales $ - $ - $ 3,330,078 $ 4,217,999 $ - $ - $ 3,330,078 $ 4,217,999 $ 887,921 AvGas Fuel Sales - - 243,114 210,285 - - 243,114 210,285 (32,829) Commercial AvGas Fuel Sales 311,043 289,009 - - - - 311,043 289,009 (22,034) Auto & Diesel Fuel Sales 205,418 241,355 - - - - 205,418 241,355 35,937 Retail Fuel Sales 516,461 530,364 3,573,192 4,428,284 - - 4,089,653 4,958,648 868,995 Into Plane Fees 500,919 502,685 - - - - 500,919 502,685 1,766 Fuel Farm Fees 444,328 461,315 - - - - 444,328 461,315 16,987 General Aviation Landing Fees - - 196,079 204,635 - - 196,079 204,635 8,556 Aircraft Parking Fees 133,840 - - 152,198 - - 133,840 152,198 18,358 Deicing Services 677,558 1,070,786 16,948 64,451 - - 694,506 1,135,237 440,731 FBO Properties - - 239,381 280,663 - - 239,381 280,663 41,282 FBO Services - - 56,373 40,718 - - 56,373 40,718 (15,655) TOTAL REVENUES $ 2,273,106 $ 2,565,150 $ 4,081,973 $ 5,170,949 $ - $ - $ 6,355,079 $ 7,736,099 $ 1,381,020 COST OF SALES ( ) Fuel Costs - Jet A - - 1,816,405 2,418,141 - - 1,816,405 2,418,141 601,736 Fuel Volume Discounts - Jet - - 228,161 283,718 - - 228,161 283,718 55,557 Fuel Costs - AvGas - - 180,841 159,534 - - 180,841 159,534 (21,307) Fuel Volume Discounts - AvGas - - 3,949 2,709 - - 3,949 2,709 (1,240) Fuel Costs - Commercial AvGas 278,805 260,787 - - - - 278,805 260,787 (18,018) Fuel Costs - Auto & Diesel 145,382 187,295 - - - - 145,382 187,295 41,913 Fuel Costs 424,187 448,082 2,229,356 2,864,102 - - 2,653,543 3,312,184 658,641 Deicing Costs - Type I & IV 506,932 749,160 - - - - 506,932 749,160 242,228 Catering, Oil & Other - - 3,975 2,191 - - 3,975 2,191 (1,784) Total Cost of Sales 931,119 1,197,242 2,233,331 2,866,293 - - 3,164,450 4,063,535 899,085 Net Operating $ 1,341,987 $ 1,367,908 $ 1,848,642 $ 2,304,656 $ - $ - $ 3,190,629 $ 3,672,564 $ 481,935 EXPENSES ( ) Personal Services Salaries $ 334,706 $ 305,139 $ 460,408 $ 447,090 $ 153,727 $ 156,347 $ 948,841 $ 908,576 $ 40,265 Overtime 40,103 48,031 68,212 112,493 - - 108,315 160,524 (52,209) Total Personal Services 374,809 353,170 528,620 559,583 153,727 156,347 1,057,156 1,069,100 (11,944) Employee Benefits 152,387 105,554 242,449 210,270 64,063 44,645 458,899 360,469 98,430 Utilities & Communications 17,547 16,120 52,266 52,480 2,963 1,344 72,776 69,944 2,832 Purchased Services 66,186 55,954 94,948 93,882 246,026 232,684 407,160 382,520 24,640 Materials & Supplies - - - Buildings 9,525 5,437 55,107 85,502 - - 64,632 90,939 (26,307) Grounds 15,000 22,042 2,408 1,354 - - 17,408 23,396 (5,988) Vehicles 131,390 136,294 49,886 58,623 - - 181,276 194,917 (13,641) Total Materials & Supplies 155,915 163,773 107,401 145,479 - - 263,316 309,252 (45,936) Office & Admistration - 17,393 135,902 132,032 41,400 30,916 177,302 180,341 (3,039) Non-Capital Equipment - - - - - - - - - TOTAL EXPENSES 766,844 711,964 1,161,586 1,193,726 508,179 465,936 2,436,609 2,371,626 64,983 FBO Net Direct Cost $ 575,143 $ 655,944 $ 687,056 $ 1,110,930 $ (508,179) $ (465,936) $ 754,020 $ 1,300,938 $ 546,918 Allocation of Indirect Cost Centers ARFF 45,217 41,538 45,217 41,538 90,434 83,076 7,358 Operations 37,607 37,358 37,607 37,358 75,214 74,715 499 Security 22,639 22,555 22,639 22,555 45,278 45,110 167 Vehicles & Equipment 49,772 52,918 29,863 31,751 79,635 84,669 (5,034) Airport Mgmt Administration 26,372 20,967 30,934 34,213 57,306 55,180 2,126 FBO Administration 233,860 177,046 274,319 288,889 (508,179) (465,935) - - - ACAA Administration 181,551 144,792 212,961 236,259 394,512 381,051 13,461 Total Allocation 597,018 497,175 653,540 692,562 (508,179) (465,935) 742,379 723,802 18,577 FBO Net Results $ (21,875) $ 158,769 $ 33,516 $ 418,368 $ - $ - $ 11,641 $ 577,136 $ 565,495 76

Albany International Airport FBO Net Revenue Before Operating and Maintenance Expenses For the nine months ended September 30 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $- Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2018 Actual 2018 Budget 2017 Actual 2018 Actual 2018 Budget 2017 Actual Gross Cost of Net Gross Cost of Net Gross Cost of Net YTD Revenues Revenues Sales Revenue Revenues Sales Revenue Revenues Sales Revenue Jet A Fuel Sales $ 4,217,999 $ 2,418,141 $ 1,799,858 $ 3,330,078 $ 1,816,405 $ 1,513,673 $ 3,283,300 $ 1,747,114 $ 1,536,186 Fuel Volume Discounts-Jet A 283,718 (283,718) 228,161 (228,161) 220,639 (220,639) AvGas Fuel Sales-Commercial 289,009 260,787 28,222 311,043 278,805 32,238 310,880 277,832 33,048 AvGas Fuel Sales 210,285 159,534 50,751 243,114 180,841 62,273 244,521 187,875 56,646 Fuel Volume Discounts-AvGas 2,709 (2,709) 3,949 (3,949) 3,748 (3,748) Auto & Diesel Fuel Sales 241,355 187,295 54,060 205,418 145,382 60,036 188,454 141,023 47,431 Into-Plane Fees 502,685 502,685 500,919 500,919 498,100 498,100 Fuel Farm Fees 461,315 461,315 444,328 444,328 440,010 440,010 Landing Fees 204,635 204,635 196,079 196,079 194,160 194,160 Parking Fees 152,198 152,198 133,840 133,840 135,490 135,490 Deicing 1,135,237 749,160 386,077 694,506 506,932 187,574 667,212 396,207 271,005 Properties 280,663 280,663 239,381 239,381 237,609 237,609 FBO Services (Catering, etc) 40,718 2,192 38,526 56,373 3,972 52,401 60,462 1,895 58,567 Total $ 7,736,099 $ 4,063,536 $ 3,672,563 $ 6,355,079 $ 3,164,449 $ 3,190,630 $ 6,260,198 $ 2,976,332 $ 3,283,866 2018 Actual 2018 Budget 2017 Actual Gross Cost of Net Gross Cost of Net Gross Cost of Net Revenues Sales Revenue Revenues Sales Revenue Revenues Sales Revenue January $ 981,904 $ 551,280 $ 430,624 $ 808,182 $ 440,932 $ 367,250 $ 798,178 $ 408,458 $ 389,720 February 838,732 452,647 386,085 867,194 487,587 379,607 804,190 422,162 382,028 March 1,060,934 552,644 508,290 694,683 333,287 361,396 730,999 341,082 389,917 April 682,197 342,099 340,098 606,079 292,990 313,089 532,290 246,150 286,140 May 843,555 430,353 413,202 601,944 283,112 318,832 646,415 292,995 353,420 June 673,250 341,233 332,017 669,806 322,394 347,412 618,392 277,099 341,293 July 859,036 448,941 410,095 718,888 343,152 375,736 602,414 268,672 333,742 August 1,057,757 555,130 502,627 805,170 385,279 419,891 827,092 397,621 429,471 September 738,734 389,209 349,525 583,133 275,716 307,417 700,228 322,093 378,135 October 725,700 358,173 367,527 752,802 377,235 375,567 November 665,750 333,052 332,698 583,550 267,084 316,466 December 884,346 471,532 412,814 984,987 503,567 481,420 Total $ 7,736,099 $ 4,063,536 $ 3,672,563 $ 8,630,875 $ 4,327,206 $ 4,303,669 $ 8,581,537 $ 4,124,218 $ 4,457,319 YTD $ 7,736,099 $ 4,063,536 $ 3,672,563 $ 6,355,079 $ 3,164,449 $ 3,190,630 $ 6,260,198 $ 2,976,332 $ 3,283,866 77

Albany International Airport FBO Jet A Fuel Sales For the nine months ended September 30 Gallons 180,000 160,000 140,000 120,000 100,000 80,000 60,000 40,000 20,000 0 Jet A Sales (Gallons) Jan Actual Feb Actual Mar Actual Apr Actual May Actual Jun Actual Jul Actual Aug Actual Sep Actual Oct Projected Nov Projected Dec Projected 2018 Actual/Projected 2017 Actual 2016 Actual 2015 Actual Jet A Gallons 2018 # % 2018 vs 2018 Budget Variance Variance 2017 2017 2016 2015 January (Actual) 82,592 72,616 9,976 13.7% 70,070 17.9% 81,710 66,871 February (Actual) 71,125 68,849 2,276 3.3% 67,820 4.9% 74,536 53,561 March (Actual) 72,099 67,961 4,138 6.1% 66,129 9.0% 79,951 67,968 April (Actual) 72,863 73,139 (276) -0.4% 65,069 12.0% 68,402 78,117 May (Actual) 118,650 80,744 37,906 46.9% 99,920 18.7% 83,850 94,019 June (Actual) 89,409 95,365 (5,956) -6.2% 89,950-0.6% 80,224 83,781 July (Actual) 122,091 103,242 18,849 18.3% 83,365 46.5% 110,860 95,790 August (Actual) 153,689 117,122 36,567 31.2% 113,131 35.9% 120,313 115,631 September (ACTUAL) 103,321 77,799 25,522 32.8% 96,413 7.2% 79,169 72,449 October (Projected) 112,078 95,756 16,322 17.0% 107,989 3.8% 102,474 111,038 November (Projected) 84,235 71,968 12,267 17.0% 65,483 28.6% 82,517 61,875 December (Projected) 82,603 70,574 12,029 17.0% 70,963 16.4% 67,060 66,245 Total 1,164,755 995,134 169,621 17.0% 996,302 16.9% 1,031,066 967,345 YTD Gallons 885,839 756,836 129,003 17.0% 751,867 17.8% 779,015 728,187 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $- Jet A Net Revenue Jan Actual Feb Actual Mar Actual Apr Actual May Actual Jun Actual Jul Actual Aug Actual Sep Actual Oct Projected Nov Projected Dec Projected 2018 Actual/Projected 2017 Actual 2016 Actual 2015 Actual Jet A Net Revenue 2018 # % 2018 vs 2018 Budget Variance Variance 2017 2017 2016 2015 January (Actual) $ 141,143 $ 123,340 $ 17,803 14.4% $ 112,128 25.9% $ 140,607 $ 112,955 February (Actual) 121,451 116,942 4,509 3.9% 113,822 6.7% 125,545 95,736 March (Actual) 130,403 115,435 14,968 13.0% 118,397 10.1% 139,416 114,624 April (Actual) 117,160 124,228 (7,068) -5.7% 111,173 5.4% 117,903 135,086 May (Actual) 210,246 137,146 73,100 53.3% 175,376 19.9% 143,880 152,129 June (Actual) 143,769 161,980 (18,211) -11.2% 158,488-9.3% 138,577 132,133 July (Actual) 204,549 175,360 29,189 16.6% 140,062 46.0% 199,181 164,015 August (Actual) 271,633 198,938 72,695 36.5% 199,745 36.0% 210,063 201,123 September (ACTUAL) 175,786 132,143 43,643 33.0% 186,356-5.7% 132,912 133,269 October (Projected) 191,824 162,645 29,179 17.9% 191,217 0.3% 176,189 176,999 November (Projected) 144,171 122,241 21,931 17.9% 108,259 33.2% 142,396 98,270 December (Projected) 141,375 119,870 21,505 17.9% 111,976 26.3% 121,863 110,415 Total $ 1,993,510 $ 1,690,268 $ 303,242 17.9% $ 1,726,999 15.4% $ 1,788,532 $ 1,626,754 YTD Net Revenues $ 1,516,140 $ 1,285,512 $ 230,628 17.9% $ 1,315,547 15.2% $ 1,348,084 $ 1,241,070 78

Albany International Airport FBO Av Gas Retail Sales For the nine months ended September 30 AvGas Sales (Gallons) Gallons 10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 Jan Actual Feb Actual Mar Actual Apr Actual May Actual Jun Actual Jul Actual Aug Actual Sep Actual Oct Projected 2018 Actual/Projected 2017 Actual 2016 Actual 2015 Actual Nov Projected Dec Projected AvGas Gallons 2018 # % 2018 vs 2018 Budget Variance Variance 2017 2017 2016 2015 January (Actual) 2,978 3,582 (604) -16.9% 3,248-8.3% 4,915 3,366 February (Actual) 2,914 2,967 (53) -1.8% 2,836 2.8% 3,087 3,563 March (Actual) 3,134 3,793 (659) -17.4% 4,236-26.0% 4,773 3,703 April (Actual) 3,471 5,704 (2,233) -39.1% 5,261-34.0% 5,879 6,653 May (Actual) 5,062 6,320 (1,258) -19.9% 6,101-17.0% 6,884 7,353 June (Actual) 5,378 6,560 (1,182) -18.0% 6,292-14.5% 8,954 6,109 July (Actual) 6,547 6,476 71 1.1% 6,118 7.0% 6,733 7,462 August (Actual) 6,341 7,480 (1,139) -15.2% 8,939-29.1% 6,380 7,701 September (ACTUAL) 4,772 6,936 (2,164) -31.2% 6,751-29.3% 5,863 9,186 October (Projected) 4,277 5,249 (972) -18.5% 5,359-20.2% 6,588 6,044 November (Projected) 3,785 4,645 (860) -18.5% 4,090-7.5% 5,563 5,663 December (Projected) 2,751 3,376 (625) -18.5% 3,479-20.9% 3,537 3,635 Total 51,410 63,088 (11,678) -18.5% 62,710-18.0% 69,156 70,438 YTD Gallons 40,597 49,818 (9,221) -18.5% 49,782-18.5% 53,468 55,096 AvGas Net Revenue $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 $- Jan Actual Feb Actual Mar Actual Apr Actual May Actual Jun Actual Jul Actual Aug Actual Sep Actual Oct Projected Nov Projected Dec Projected 2018 Actual/Projected 2017 Actual 2016 Actual 2015 Actual AvGas Net Revenue 2018 # % 2018 vs 2018 Budget Variance Variance 2017 2017 2016 2015 January (Actual) $ 3,940 $ 4,193 $ (253) -6.0% $ 2,687 46.6% $ 4,839 $ 1,476 February (Actual) 2,516 3,474 (958) -27.6% 2,618-3.9% 1,857 1,988 March (Actual) 2,405 4,441 (2,036) -45.8% 2,843-15.4% 5,885 6,282 April (Actual) 5,159 6,677 (1,518) -22.7% 5,721-9.8% 6,205 7,024 May (Actual) 4,869 7,399 (2,530) -34.2% 6,373-23.6% 9,675 9,021 June (Actual) 4,982 7,681 (2,699) -35.1% 6,322-21.2% 10,632 8,674 July (Actual) 7,935 7,582 353 4.7% 6,925 14.6% 7,786 5,273 August (Actual) 11,213 8,757 2,456 28.0% 10,360 8.2% 7,815 7,806 September (ACTUAL) 5,023 8,120 (3,097) -38.1% 9,049-44.5% 7,463 9,693 October (Projected) 5,062 6,145 (1,083) -17.6% 5,560-9.0% 5,076 4,231 November (Projected) 4,479 5,438 (959) -17.6% 5,967-24.9% 4,755 1,485 December (Projected) 3,255 3,952 (697) -17.6% 1,237 163.2% 5,917 8,291 Total $ 60,838 $ 73,860 $ (13,022) -17.6% $ 65,662-7.3% $ 77,905 $ 71,244 #DIV/0! YTD Net Revenues $ 48,042 $ 58,324 $ (10,282) -17.6% $ 52,898-9.2% $ 62,157 $ 57,237 79

Albany International Airport Commercial Av Gas Retail Sales For the nine months ended September 30 Commercial AvGas Sales (Gallons) 25,000 20,000 15,000 10,000 5,000 0 Jan Actual Feb Actual Mar Actual Apr Actual May Actual Jun Actual Jul Actual Aug Actual Sep Actual Oct Projected 2018 Actual/Projected 2017 Actual 2016 Actual 2015 Actual Nov Projected Dec Projected Commercial AvGas Gallons 2018 # % 2018 vs 2018 Budget Variance Variance 2017 2017 2016 2015 January (Actual) 8,683 10,031 (1,348) -13.4% 12,793-32.1% 13,548 13,746 February (Actual) 6,467 8,974 (2,507) -27.9% 11,347-43.0% 12,560 11,219 March (Actual) 6,977 10,455 (3,478) -33.3% 13,639-48.8% 13,080 15,549 April (Actual) 7,076 10,175 (3,099) -30.5% 10,817-34.6% 13,340 14,410 May (Actual) 9,460 9,850 (390) -4.0% 7,402 27.8% 14,577 14,407 June (Actual) 8,132 9,484 (1,352) -14.3% 7,834 3.8% 13,001 14,870 July (Actual) 8,070 9,170 (1,100) -12.0% 7,875 2.5% 8,754 15,749 August (Actual) 8,689 9,396 (707) -7.5% 7,506 15.8% 9,604 15,111 September (ACTUAL) 8,064 9,590 (1,526) -15.9% 7,594 6.2% 13,774 15,165 October (Projected) 8,158 9,925 (1,767) -17.8% 7,743 5.4% 14,650 14,407 November (Projected) 7,788 9,475 (1,687) -17.8% 7,820-0.4% 12,715 14,914 December (Projected) 7,481 9,101 (1,620) -17.8% 7,223 3.6% 12,983 14,296 Total 95,045 115,627 (20,582) -17.8% 109,593-13.3% 152,586 173,843 YTD Gallons 71,618 87,127 (15,509) -17.8% 86,807-17.5% 112,238 130,226 Commercial AvGas Net Revenue $9,000 $8,000 $7,000 $6,000 $5,000 $4,000 $3,000 $2,000 $1,000 $- Jan Actual Feb Actual Mar Actual Apr Actual May Actual Jun Actual Jul Actual Aug Actual Sep Actual Oct Projected Nov Projected Dec Projected 2018 Actual/Projected 2017 Actual 2016 Actual 2015 Actual Commercial AvGas Net Revenue 2018 # % 2018 vs 2018 Budget Variance Variance 2017 2017 2016 2015 January (Actual) $ 3,965 $ 3,712 $ 253 6.8% $ 4,805-17.5% $ 5,974 $ 5,202 February (Actual) 2,165 3,320 (1,155) -34.8% 4,625-53.2% 4,003 6,693 March (Actual) 2,981 3,868 (887) -22.9% 4,706-36.7% 5,277 4,447 April (Actual) 2,564 3,765 (1,201) -31.9% 4,016-36.2% 5,040 4,577 May (Actual) 3,889 3,645 244 6.7% 2,780 39.9% 5,548 5,684 June (Actual) 3,168 3,509 (341) -9.7% 2,619 21.0% 4,822 5,654 July (Actual) 3,315 3,393 (78) -2.3% 3,229 2.7% 2,817 5,388 August (Actual) 3,242 3,478 (236) -6.8% 2,825 14.8% 3,970 5,983 September (ACTUAL) 2,933 3,548 (615) -17.3% 3,443-14.8% 5,271 6,825 October (Projected) 3,237 3,672 (435) -11.9% 2,860 13.2% 4,476 5,254 November (Projected) 3,090 3,506 (416) -11.9% 2,831 9.2% 4,165 7,613 December (Projected) 2,967 3,366 (399) -11.9% 2,668 11.2% 5,293 2,120 Total $ 37,711 $ 42,782 $ (5,071) -11.9% $ 41,407-8.9% $ 56,656 $ 65,440 YTD Net Revenues $ 28,222 $ 32,238 $ (4,016) -12.5% $ 33,048-14.6% $ 42,722 $ 50,453 80

Albany International Airport FBO Deicing Sales Consortium For the nine months ended September 30 Gallons 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 Deicing (Gallons sold through meters) Jan Actual Feb Actual Mar Actual Apr Actual Oct Projected Nov Projected Dec Projected 2018 Actual/Projected 2017 Actual 2016 Actual 2015 Actual Deicing gallons sold through meters 2018 # % 2018 vs 2018 Budget Variance Variance 2017 2017 2016 2015 January (Actual) 20,525 21,195 (670) -3.2% 24,685-16.9% 14,145 22,282 February (Actual) 18,289 29,196 (10,907) -37.4% 26,437-30.8% 17,437 33,875 March (Actual) 29,689 9,150 20,539 224.5% 11,991 147.6% 981 11,009 April (Actual) 4,758 4,005 753 18.8% 530 797.7% 8,786 892 October (Projected) 5,457 4,733 724 15.3% 5,049 8.1% 5,767 3,135 November (Projected) 12,345 10,708 1,637 15.3% 1,184 942.7% 11,114 2,929 December (Projected) 26,464 22,955 3,509 15.3% 25,203 5.0% 26,507 11,946 Total 117,527 101,942 15,585 15.3% 95,079 23.6% 84,737 86,068 YTD Gallons 73,261 63,546 9,715 15.3% 63,643 15.1% 41,349 68,058 Deicing Net Revenue $15,000 $10,000 $5,000 $- $(5,000) $(10,000) $(15,000) $(20,000) $(25,000) $(30,000) $(35,000) Jan Actual Feb Actual Mar Actual Apr Actual Oct Projected Nov Projected Dec Projected 2018 Actual/Projected 2017 Actual 2016 Actual 2015 Actual Deicing gallons sold through meters Net Revenue 2018 # % 2018 vs 2018 Budget Variance Variance 2017 2017 2016 2015 January (Actual) $ (28,775) 0 $ (28,775) 100.0% $ 6,670-531.4% $ (2,395) 127 February (Actual) (29,046) 0 (29,046) 0.0% 2,322-1350.9% 12,514 1,169 March (Actual) (2,171) 0 (2,171) 0.0% 7,706-128.2% (3,199) 1,110 April (Actual) (2,912) 0 (2,912) 0.0% (6,980) 0.0% 2,292 (232) October (Projected) 0 0-0.0% 1,749-100.0% 778 (1,341) November (Projected) 0 0-0.0% 1,574-100.0% (4,603) (2,692) December (Projected) 0 0-0.0% (1,730) -100.0% (1,648) (15,765) Total -62,904 0 $ (62,904) 100.0% $ 11,311-656.1% $ 3,739 $ (17,624) #DIV/0! YTD Net Revenues $ (62,904) $ - $ (62,904) 100.0% $ 9,718-747.3% $ 9,212 $ 2,174 81

Albany International Airport FBO Deicing Sales Sprayed For the nine months ended September 30 Deicing (Gallons sprayed) Gallons 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 Jan Actual Feb Actual Mar Actual Apr Actual Oct Projected Nov Projected Dec Projected 2018 Actual/Projected 2017 Actual 2016 Actual 2015 Actual Deicing gallons sprayed 2018 # % 2018 vs 2018 Budget Variance Variance 2017 2017 2016 2015 January (Actual) 21,867 10,267 11,600 113.0% 10,964 99.4% 6,053 9,534 February (Actual) 18,176 14,581 3,595 24.7% 13,776 31.9% 10,149 13,995 March (Actual) 21,401 5,681 15,720 276.7% 9,246 131.5% 551 5,018 April (Actual) 5,064 2,049 3,015 147.2% 675 650.2% 4,433 157 October (Projected) 3,815 1,869 1,946 104.1% 431 785.2% 3,928 670 November (Projected) 6,564 3,215 3,348 104.1% 2,231 194.2% 5,209 794 December (Projected) 36,147 17,706 18,441 104.1% 25,237 43.2% 13,260 7,368 Total 113,034 55,369 57,665 104.1% 62,560 80.7% 43,583 37,536 YTD Gallons 66,508 32,579 33,929 104.1% 34,661 91.9% 21,186 28,704 Deicing Net Revenue $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $- Jan Actual Feb Actual Mar Actual Apr Actual Oct Projected Nov Projected Dec Projected 2018 Actual/Projected 2017 Actual 2016 Actual 2015 Actual Deicing gallons sprayed Net Revenue 2018 # % 2018 vs 2018 Budget Variance Variance 2017 2017 2016 2015 January (Actual) $ 141,663 $ 58,595 $ 83,068 141.8% $ 91,123 55.5% $ 49,782 $ 73,651 February (Actual) 127,744 84,337 43,407 51.5% 98,604 29.6% 79,410 104,238 March (Actual) 147,445 33,117 114,328 345.2% 59,441 148.1% 6,732 35,760 April (Actual) 32,128 11,523 20,605 178.8% 12,121 165.1% 33,181 1,163 October (Projected) 28,195 11,779 16,416 139.4% 2,237 1160.4% 28,882 5,103 November (Projected) 42,876 17,913 24,964 139.4% 16,093 166.4% 43,735 6,362 December (Projected) 242,361 101,252 141,109 139.4% 179,788 34.8% 55,253 59,356 Total 762,412 $ 318,515 $ 443,897 139.4% $ 459,407 66.0% $ 296,975 $ 285,633 YTD Net Revenues $ 448,980 $ 187,572 $ 261,408 139.4% $ 261,289 71.8% $ 169,105 $ 214,812 82

Albany International Airport FBO Operating and Maintenance Expenses For the nine months ended September 30 $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $- Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2018 Actual 2018 Budget 2017 Actual 2018 2018 2017 YTD Expenses Actual Budget Actual Personal Services Salaries $908,575 $948,842 $894,488 Overtime 160,523 108,314 144,093 Total Personal Services 1,069,098 1,057,156 1,038,581 Employee Benefits 360,468 458,899 385,990 Utilities & Communications 69,943 72,776 62,967 Purchased Services 382,520 407,160 429,247 Material & Supplies Buildings 90,938 64,632 54,346 Grounds 23,396 17,408 17,994 Vehicles 194,917 181,276 185,113 Total Materials & Supplies 309,251 263,316 257,453 Administration 180,343 177,304 153,645 Non-Capital Equipment - - - Total Expenses $ 2,371,621 $ 2,436,610 $ 2,327,882 2018 2018 2017 Actual Budget Actual January $ 312,720 $ 361,252 $ 327,320 February 266,639 247,977 249,907 March 301,868 245,258 273,858 April 241,095 292,367 254,232 May 217,740 237,070 231,662 June 263,094 243,069 255,977 July 229,965 294,223 269,540 August 269,334 237,386 214,015 September 269,166 278,008 251,371 October 267,675 243,298 November 248,093 221,990 December 286,199 318,266 Total $ 2,371,621 $ 3,238,577 $ 3,111,436 YTD $ 2,371,621 $ 2,436,610 $ 2,327,882 83

ALBANY COUNTY AIRPORT AUTHORITY Detail of FBO/Million Air Departments For the Nine Months Ending Sunday, September 30, 2018 EXPENSES Total Annual Budget This Month Budget This Month Actual Var this Mo To Buget Year to Date Budget Year to Date Actual Var this Yr to Budget Personal Services 11000 Salaries $1,265,123 $121,646 $93,889 $27,757 $948,842 $908,575 $40,267 12010 Overtime 1.5 155,916 13,532 17,216 (3,684) 108,314 160,523 (52,209) Total Personal Services 1,421,039 135,179 111,105 24,073 1,057,157 1,069,098 (11,942) Employee Benefits 21000 Social Security 108,709 10,282 8,279 2,003 80,210 79,529 681 22000 Health Insurance 435,857 41,909 25,476 16,434 326,893 251,518 75,375 24000 Medical Exams 1,500 125 0 125 1,125 1,125 0 25000 Uniforms & Laundry 6,650 554 406 148 4,988 3,744 1,244 25005 Uniform Purchases 11,500 958 2,500 (1,541) 8,625 8,074 551 26010 Disability Insurance 3,302 318 0 318 2,477 (728) 3,205 26020 Unemployment Insurance 24,643 542 (44) 586 23,159 7,864 15,295 29001 Airport & FBO 401K 15,365 1,186 1,173 13 11,422 9,343 2,080 Total Employee Benefits 607,526 55,874 37,789 18,086 458,899 360,468 98,430 Utilities & Communications 31000 Electric 48,000 5,252 4,116 1,136 40,295 39,615 680 33000 Natural Gas 31,600 328 68 260 25,697 23,725 1,972 35000 Water 700 350 1,043 (693) 700 1,405 (705) 36010 Telephone Charges-Local 550 46 25 21 412 313 99 36011 Tele Chg-Long Dist 650 54 24 30 488 326 161 36033 Wireless 2,412 201 200 1 1,809 2,002 (193) 36035 Radio Communications 3,000 250 0 250 2,250 817 1,433 36060 Cable Television 1,500 125 0 125 1,125 1,740 (615) Total Utilities & Communications 88,412 6,606 5,476 1,130 72,776 69,943 2,832 PURCHASED SERVICES Insurance 42010 Airport Liability Insurance 110,868 0 0 0 90,776 70,684 20,092 42041 Environmental Liability 7,642 0 0 0 7,642 0 7,642 42060 Property Insurance 50,858 1,144 1,228 (84) 50,858 52,017 (1,159) 42095 Insurance Claims 20,000 1,667 0 1,667 15,000 11,954 3,046 Total Insurance 189,368 2,811 1,228 1,583 164,276 134,655 29,621 Janitorial 45010 Refuse Removal Services 3,000 250 216 34 2,250 1,944 306 Total Janitorial 3,000 250 216 34 2,250 1,944 306 Public Communications 46010 Public Relations 42,000 3,500 3,500 0 31,500 31,500 0 Total Public Communications 42,000 3,500 3,500 0 31,500 31,500 0 Studies 47000 Special Studies 0 0 0 0 0 6,750 (6,750) Total Studies 0 0 0 0 0 6,750 (6,750) Professional Services 49010 Architectural 0 0 0 0 0 750 (750) 49040 Professional Management 279,000 22,382 26,702 (4,320) 209,134 206,920 2,213 84

ALBANY COUNTY AIRPORT AUTHORITY Detail of FBO/Million Air Departments For the Nine Months Ending Sunday, September 30, 2018 Total Annual This Month This Month Var this Mo Year to Date Year to Date Var this Yr Budget Budget Actual To Buget Budget Actual to Budget Total Professional Services 279,000 22,382 26,702 (4,320) 209,134 207,670 1,463 Total Purchased Services 513,368 28,943 31,646 (2,703) 407,160 382,520 24,640 MATERIALS & SUPPLIES FBO 51101 Fuel Costs - Jet A 2,388,322 186,717 297,733 (111,016) 1,816,405 2,418,141 (601,736) 51102 Fuel Discounts - Jet A 300,000 23,454 31,954 (8,500) 228,161 283,718 (55,557) 51103 Fuel Costs - AvGas 229,009 25,177 19,244 5,933 180,841 159,534 21,307 51104 Fuel Discount - AvGas 5,000 550 351 199 3,949 2,709 1,240 51108 Fuel Costs - Comm AvGas 370,006 30,689 29,538 1,151 278,805 260,787 18,018 51105 Fuel Costs - Auto Gas 50,000 2,068 2,980 (912) 37,088 53,776 (16,688) 51107 Fuel Costs - Diesel 150,000 6,621 7,409 (788) 108,294 133,519 (25,226) 51110 Deicing Type I - Sprayed 251,663 0 0 0 147,291 204,369 (57,078) 51111 Deicing Type I - Consortium 423,449 0 0 0 266,764 395,730 (128,966) 51112 Deicing Type IV - Sprayed 37,101 0 0 0 22,565 44,450 (21,885) 51113 Deicing Type IV - Consortium 117,356 0 0 0 70,312 104,611 (34,299) 51120 Catering 1,000 83 0 83 750 0 750 51125 Oil 3,000 250 0 250 2,250 1,631 619 51126 TKS 1,000 83 0 83 750 560 190 51130 Charts, Pilot Supplies 300 25 0 25 225 0 225 Total FBO 4,327,206 275,718 389,208 (113,491) 3,164,449 4,063,536 (899,086) Buildings 52010 Alarm & PA Systems 6,200 517 1,811 (1,294) 4,650 1,987 2,663 52031 Electrical Repairs & Supplies 8,000 667 6,201 (5,535) 6,000 13,654 (7,654) 52032 Elevator Repairs & Supplies 10,000 833 0 833 7,500 308 7,192 52033 HVAC 10,500 875 0 875 7,875 3,090 4,785 52034 Roof 5,500 458 0 458 4,125 1,004 3,121 52035 Plumbing Repairs & Supplies 3,500 292 387 (96) 2,625 2,138 487 52036 Automatic Door Repairs 4,000 333 216 117 3,000 679 2,321 52037 Pest Control 744 62 62 0 558 558 0 52060 Building Maintenance 27,000 2,250 1,257 993 20,250 62,228 (41,978) 52062 Janitorial Supplies 7,000 583 55 528 5,250 2,568 2,682 52063 Window Washing 3,232 269 0 269 2,424 2,238 186 52080 Sign Expense 500 42 0 42 375 485 (110) Total Buildings 86,176 7,181 9,989 (2,808) 64,632 90,938 (26,306) Grounds 53010 Landscaping 500 0 0 0 500 654 (154) 53030 Pavement Repairs 500 167 0 167 333 0 333 53040 Sign Expense 100 8 0 8 75 0 75 53070 Hazardous Waste Mgmt 10,000 833 0 833 7,500 2,520 4,980 53078 Liquid Waste Disposal 12,000 1,000 10,165 (9,165) 9,000 20,221 (11,221) Total Grounds 23,100 2,008 10,165 (8,156) 17,408 23,396 (5,988) Vehicles 54010 Gasoline 10,000 429 474 (45) 6,002 6,010 (8) 54011 Diesel Fuel 44,000 2,766 2,953 (186) 32,229 44,573 (12,344) 54013 Vehicle / Equipment Tires 12,500 1,042 2,071 (1,029) 9,375 7,325 2,050 54021 Vehicle Repair & Maintenance 1,500 125 0 125 1,125 523 602 54022 Vehicle Communication Equip 2,000 167 0 167 1,500 60 1,440 54030 General Equip Repair & Maint 57,500 4,792 25,733 (20,941) 43,125 52,930 (9,805) 85

ALBANY COUNTY AIRPORT AUTHORITY Detail of FBO/Million Air Departments For the Nine Months Ending Sunday, September 30, 2018 Total Annual Budget This Month Budget This Month Actual Var this Mo To Buget Year to Date Budget Year to Date Actual Var this Yr to Budget 54031 Quality Control Testing Equip 15,000 1,250 179 1,071 11,250 2,336 8,914 54040 Heavy Equipment Maint 120,000 12,923 12,287 637 71,795 76,613 (4,818) 54070 Vehicle Shop Tools & Supplies 6,500 542 252 289 4,875 4,547 328 Total Vehicles 269,000 24,035 43,949 (19,914) 181,276 194,917 (13,641) Total Material & Supplies 4,705,482 308,942 453,310 (144,368) 3,427,765 4,372,787 (945,021) Office 55010 Office Equipment Rental 2,350 196 50 146 1,762 829 933 55012 Office Equipment Serv Agrmnt 432 0 0 0 432 360 72 55013 Office Equipment Repairs 100 8 0 8 75 0 75 55014 Computer System Supplies 4,500 375 0 375 3,375 6,110 (2,735) 55015 Hardware/Software Maint 11,024 919 195 724 8,268 3,978 4,290 55016 Computer Equipment 700 58 0 58 525 600 (75) 55020 Office Furniture & Fixtures 2,000 167 0 167 1,500 0 1,500 55030 Printed Forms / Letterhead 1,000 83 0 83 750 288 462 55032 Printing Outside Services 300 25 0 25 225 0 225 55041 Express Mail 250 21 0 21 187 (7) 195 55060 Office Supplies 6,000 500 63 437 4,500 2,107 2,393 55070 Payroll Services 20,000 1,984 1,611 373 15,126 13,888 1,238 Total Office 48,656 4,336 1,920 2,416 36,725 28,153 8,573 Administration 66000 Dues & Subscriptions 16,300 0 545 (545) 15,964 15,030 934 66010 AvPorts/MA Training & Travel 10,000 833 866 (33) 7,500 8,844 (1,344) 66013 Function Refreshments 1,000 83 0 83 750 0 750 66015 Incentives 43,000 4,096 5,210 (1,114) 30,684 30,028 656 66031 Economic Development 1,000 83 0 83 750 0 750 66060 Credit Card Service Charges 110,000 8,749 10,509 (1,759) 84,929 80,892 4,037 66065 A/R Write Offs 0 0 0 0 0 17,393 (17,393) Total Administration 181,300 13,845 17,130 (3,285) 140,577 152,188 (11,610) Total Expenses 7,565,783 553,725 658,375 (104,650) 5,601,059 6,435,157 (834,099) Total Exp & Non Cap Equip. 7,565,783 553,725 658,375 (104,650) 5,601,059 6,435,157 (834,099) 86

Albany International Airport Employee Count 2018 Variance Budget As of As of As of As of As of As of As of As of As of As of As of As of Budget vs. 2018 Jan 31, 18 Feb 28, 18 Mar 31, 18 Apr 30, 18 May 31,18 Jun 30,18 Jul 31,18 Aug 31,18 Sep 30,18 Oct 31,18 Nov 30,18 Dec 31,18 Sep 30,18 FBO MANAGEMENT - MILLION AIR: Commercial Fuel Farm Technician 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 0.00 Line Service Technician 9.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00-2.00 Fuel Farm /Facility Manager 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 General Aviation Line Service Technician 15.00 18.00 17.00 15.00 15.00 15.00 16.00 16.00 15.00 15.00 0.00 Facilities Maintenance 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Customer Service Representative 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 0.00 Administration General Manager 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 LSM-GA Trainer 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 Operations Supervisors/PM 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 Total Million Air Positions 35.00 36.00 35.00 33.00 33.00 33.00 34.00 34.00 33.00 33.00 0.00 0.00 0.00-2.00 87

Personnel Services & Benefits For the nine months ended September 30, 2018 Personnel Services Million Air Year to Date Year to Date Budget Actual Variance Regular - Salaries $ 852,429 $ 792,867 $ 59,562 Holiday Pay - - - Other Dollars/Funeral/Jury/Retro 23,145 47,615 (24,470) Shift Premium 3,181 4,013 (832) Lead Pay 844 959 (115) Sick Pay 16,263 15,554 709 Personal Pay 24,478 24,415 63 Vacation Pay 28,501 23,152 5,349 Sub Total 948,842 908,575 40,267 Overtime 108,314 160,523 (52,209) Double Time Pay - - - Total 1,057,156 1,069,098 (11,942) Employee Benefits Social Security & Medicare 80,210 79,529 681 Federal Unemployment Tax 2,924 1,550 1,374 NYS Unemployment 20,235 6,314 13,921 Workers Compensation - - - 401 (K) Plan Match 11,422 9,343 2,079 Health & Dental Insurance 365,177 282,578 82,599 Employee Benefits Deductions (38,284) (31,060) (7,224) Disability/Life Insurance 2,477 (728) 3,205 Total 444,161 347,526 96,635 Total Salaries and Benefits $ 1,501,317 $ 1,416,624 $ 84,693 88

Albany International Airport 2018 FBO Performance Measurements For the nine months ended September 30 Commercial Aviation Performance Measurements 2015 Final 2016 Final 2017 Final 2018 Budget 2018 YTD Actual Number of accidents/incidents 0 5 1 0 4 Number of airline delays counted against MA 3 14 14 0 23 Into-plane gallons pumped 16,835,885 18,602,032 19,495,122 19,507,385 15,481,291 Number of Audits performed by Airlines/ Quality Control- Employeee Training Records 24 25 28 5 24 Number of non-compliance items reported in Airline Audits 3 10 9 4 4 AvGas fuel sales commercial 173,843 152,586 109,593 115,627 71,618 Deicing gallons pumped 123,604 128,320 157,039 157,311 139,769 Workers' compensation cases 0 4 0 0 0 Employees who have completed Safety Programs 17 20 55 15 45 Quality control audits at the Fuel Farm (less the better) 12 13 25 5 13 Completed monthly training programs 12 12 12 12 9 Monthly survey of airlines 100% 100% 100% 100% 100% Overtime/Personnel Services (%) 12.0% 13.3% 14.3% 11.5% 13.6% General Aviation Performance Measurements 2015 Final 2016 Final 2017 Final 2018 Budget 2018 YTD Actual AvGas fuel sales (gallons) 70,438 69,156 62,710 63,088 40,597 Jet A fuel sales (gallons) 967,345 1,031,066 996,302 995,134 885,839 Number of international flights 707 517 456 500 308 General Aviation Aircraft customer transactions 6,949 7,392 6,931 7,000 5,756 Number of Aircraft Arrivals 3,949 7,349 7,260 7,000 6,063 Number of Aircraft fueled 5,901 5,958 6,307 6,500 4,511 Number of ramp fees collected 1,661 2,102 1,743 1,500 1,585 Number of landing fees collected 3,811 4,147 3,637 3,500 2,851 Employees who completed the NATA Safety 1st Program 12 20 9 20 5 Employees who completed all Safety Programs 20 15 54 14 48 Property Accidents 2 5 0 0 2 Quarterly reports from monthly safety meetings 100% 100% 100% 100% 100% Number of top 20 customers surveys completed 25 44 15 24 0 Overtime/Personnel Services (%) 11.1% 16.4% 17.6% 13.8% 20.1% N/A for September Million Air's Administrative Performance Measurements 2015 Final 2016 Final 2017 Final 2018 Budget 2018 YTD Actual Million Air's total full time employment equivalents 35 33 36 35.0 33.0 Total Million Air overtime 9.7% 13.0% 13.9% 11.0% 15.0% Number of marketing events attended 2 1 2 4 2 Number of based tennants 14 15 18 15 16 Employee turnover annum 25% 30% 16% 10% 21% Workers' compensation cases 0 2 3 0 1 Number of customers gained (prior year comparison) 7% 6% -6% 1% 11% Overtime/Personnel Services (%) 0.6% 0.0% 0.0% 0.0% 0.0% 89

*** UNAUDITED - FOR INTERNAL REVIEW*** Authority Operations 90

Albany County Airport Authority Expense Summary 2018 September 2018 September 2018 Actual/ Adopted FY Budget Actual Variance Variance 2017 Prior Year Budget YTD YTD YTD % Actual Variance % EXPENSES BY CATEGORY Personal Services $ 1,955,557 $ 1,466,668 $ 1,475,313 $ ( 8,645 ) -0.59% $ 1,423,282-3.66% Employee Benefits 1,349,847 1,017,407 998,475 18,932 1.86% 911,016-9.60% Utilities & Communications 81,592 61,870 62,930 (1,060) -1.71% 61,370-2.54% Purchased Services Accounting & Auditing 61,000 41,418 49,427 (8,010) -19.34% 51,030 3.14% Insurance 304,375 304,375 339,622 (35,247) -11.58% 303,107-12.05% Legal Services 50,000 37,500 79,118 (41,618) -110.98% 9,459-736.39% Janitorial 22,000 16,500 12,602 3,898 23.62% 14,373 12.32% Public Communications 264,954 195,354 150,881 44,474 22.77% 133,145-13.32% Special Studies 35,000 26,250 38,330 (12,080) -46.02% 39,748 3.57% Professional Services 101,160 75,870 69,026 6,844 9.02% 58,285-18.43% Total Purchased Services 838,489 697,267 739,006 (41,739) -5.99% 609,147-21.32% Material & Supplies Buildings 28,263 21,197 13,807 7,390 34.86% 36,006 61.65% Grounds 100 100 162 (62) -61.96% 50-224.05% Total Material & Supplies 28,363 21,297 13,969 7,328 34.41% 36,056 61.26% Office 207,896 158,582 164,130 (5,548) -3.50% 146,572-11.98% Administration 142,205 114,400 87,999 26,401 23.08% 90,741 3.02% Total Expenses $ 4,603,949 $ 3,537,491 $ 3,541,822 $ ( 4,331 ) -0.12% $ 3,278,184-8.04% 91

ALBANY COUNTY AIRPORT AUTHORITY ACAA For the Nine Months Ending Sunday, September 30, 2018 EXPENSES Total Annual Budget This Month Budget This Month Actual Var this Mo To Buget Year to Date Budget Year to Date Actual Var this Yr to Budget Personal Services 11000 Salaries $1,955,557 $162,963 $156,035 $6,928 $1,466,668 $1,470,046 ($3,378) 13000 Temporary Help 0 0 0 0 0 5,267 (5,267) Total Personal Services 1,955,557 162,963 156,035 6,928 1,466,668 1,475,313 (8,645) Employee Benefits 21000 Social Security 141,084 11,213 10,993 220 109,706 108,005 1,700 22000 Health Insurance 558,102 46,509 42,716 3,793 418,577 399,750 18,826 22105 OPEB 300,000 25,000 25,000 0 225,000 225,000 0 22200 Health-Dental 41,536 3,461 3,529 (68) 31,152 34,601 (3,449) 22300 Health-Vision 6,531 544 516 28 4,898 4,131 767 23000 Health - AFLAC 7,560 630 619 11 5,670 5,571 99 24010 EAP Program 969 0 0 0 791 791 0 24015 Smoking Cessation Class 1,200 100 0 100 900 0 900 26010 Disability Insurance 644 54 304 (250) 483 13 470 26020 Unemployment Insurance 4,818 49 12 38 4,678 3,242 1,436 26030 Workers Compensation 6,974 581 680 (98) 5,231 7,049 (1,818) 29000 NYS Retirement 280,429 23,369 23,369 0 210,322 210,322 0 Total Employee Benefits 1,349,847 111,510 107,738 3,773 1,017,407 998,475 18,932 Utilities & Communications 31000 Electric 25,000 1,873 1,577 296 19,005 18,545 460 33000 Natural Gas 5,000 39 40 0 4,171 4,106 66 36010 Telephone Charges-Local 5,500 458 85 373 4,125 3,481 644 36011 Tele Chg-Long Dist 1,500 125 105 20 1,125 863 262 36015 Telephones-Monthly Service 15,000 1,250 0 1,250 11,250 9,750 1,500 36016 Telephones-Monthly Usage 2,000 167 55 112 1,500 936 564 36020 Telephone Repairs 10,085 840 13 827 7,564 13,298 (5,734) 36030 Telephone-Cellular 0 0 305 (305) 0 344 (344) 36032 Internet Access 17,236 1,436 0 1,436 12,927 11,404 1,523 36060 Cable Television 271 23 13 9 203 203 0 Total Utilities & Communications 81,592 6,212 2,193 4,019 61,870 62,930 (1,060) PURCHASED SERVICES Accounting & Auditing 41010 Financial Services 55,000 1,169 0 1,169 35,418 43,427 (8,010) 41020 Rates & Charges 6,000 0 0 0 6,000 6,000 0 Total Accounting & Auditing 61,000 1,169 0 1,169 41,418 49,427 (8,010) Insurance 42010 Airport Liability Insurance 193,675 0 0 0 193,675 227,168 (33,493) 42041 Environmental Liability 38,740 0 0 0 38,740 38,705 35 42060 Property Insurance 1,870 155 166 (11) 1,870 2,027 (157) 42065 Crime Insurance 2,397 0 0 0 2,397 4,116 (1,719) 42090 Fiduciary Insurance 1,268 1,268 1,690 (422) 1,268 1,690 (422) 42070 Public Official Liability 24,519 0 0 0 24,519 24,519 0 42080 Cyber Liability 11,906 0 0 0 11,906 11,397 509 42093 Agency Fee 30,000 0 0 0 30,000 30,000 0 Total Insurance 304,375 1,423 1,856 (433) 304,375 339,622 (35,247) 92

ALBANY COUNTY AIRPORT AUTHORITY ACAA For the Nine Months Ending Sunday, September 30, 2018 Total Annual Budget This Month Budget This Month Actual Var this Mo To Buget Year to Date Budget Year to Date Actual Var this Yr to Budget Legal 43000 Legal Services 50,000 4,167 15,097 (10,930) 37,500 79,118 (41,618) Total Legal 50,000 4,167 15,097 (10,930) 37,500 79,118 (41,618) Janitorial 45000 Janitorial Services 22,000 1,833 1,400 433 16,500 12,602 3,898 Total Janitorial 22,000 1,833 1,400 433 16,500 12,602 3,898 Public Communications 46010 Public Relations 85,389 7,116 7,320 (205) 64,042 58,403 5,639 46015 Advertising 179,565 11,723 11,080 643 131,313 92,478 38,835 Total Public Communications 264,954 18,839 18,400 439 195,354 150,881 44,474 Studies 47000 Special Studies 35,000 2,917 10,198 (7,281) 26,250 38,330 (12,080) Total Studies 35,000 2,917 10,198 (7,281) 26,250 38,330 (12,080) Professional Services 49005 Appraisal 5,000 417 0 417 3,750 0 3,750 49010 Architectural 30,000 2,500 0 2,500 22,500 0 22,500 49015 Consultant 18,000 1,500 6,156 (4,656) 13,500 35,156 (21,656) 49020 Engineering Services 3,000 250 0 250 2,250 0 2,250 49060 Code Enforcement 45,160 3,763 3,763 0 33,870 33,870 0 Total Professional Services 101,160 8,430 9,920 (1,490) 75,870 69,026 6,844 Total Purchased Services 838,489 38,778 56,871 (18,093) 697,267 739,006 (41,739) MATERIALS & SUPPLIES Buildings 52010 Alarm & PA Systems 3,000 250 0 250 2,250 530 1,720 52031 Electrical Repairs & Supplies 5,000 417 357 60 3,750 6,166 (2,416) 52032 Elevator Repairs & Supplies 3,000 250 0 250 2,250 68 2,182 52033 HVAC 1,500 125 0 125 1,125 0 1,125 52034 Roof 500 42 0 42 375 0 375 52035 Plumbing Repairs & Supplies 1,500 125 374 (249) 1,125 539 586 52036 Automatic Door Repairs 500 42 0 42 375 0 375 52037 Pest Control 1,500 125 0 125 1,125 750 375 52059 Storage Space Rental 7,500 625 1,147 (522) 5,625 4,383 1,242 52060 Building Maintenance 3,000 250 32 218 2,250 1,371 879 52063 Window Washing 1,263 105 0 105 947 0 947 Total Buildings 28,263 2,355 1,909 446 21,197 13,807 7,390 Grounds 53010 Landscaping 100 0 0 0 100 162 (62) Total Grounds 100 0 0 0 100 162 (62) Total Material & Supplies 28,363 2,355 1,909 446 21,297 13,969 7,328 Office 55010 Office Equipment Rental 8,000 667 1,160 (493) 6,000 6,264 (264) 55011 Copy Machine Use 500 42 0 42 375 0 375 55012 Office Equipment Serv Agrmnt 3,561 297 275 22 2,671 2,569 101 93

ALBANY COUNTY AIRPORT AUTHORITY ACAA For the Nine Months Ending Sunday, September 30, 2018 Total Annual Budget This Month Budget This Month Actual Var this Mo To Buget Year to Date Budget Year to Date Actual Var this Yr to Budget 55013 Office Equipment Repairs 500 42 0 42 375 0 375 55014 Computer System Supplies 25,100 2,092 628 1,463 18,825 7,891 10,934 55015 Hardware/Software Maint 99,835 8,857 8,324 534 77,150 96,536 (19,386) 55016 Computer Equipment 8,400 700 13,223 (12,523) 6,300 18,169 (11,869) 55020 Office Furniture & Fixtures 10,000 833 1,212 (378) 7,500 2,346 5,154 55030 Printed Forms / Letterhead 1,000 83 0 83 750 367 383 55032 Printing Outside Services 20,000 1,667 555 1,112 15,000 9,795 5,205 55040 Postage 8,500 394 (416) 810 6,410 6,448 (38) 55041 Express Mail 500 42 99 (58) 375 651 (276) 55050 Reference Materials 1,000 83 0 83 750 0 750 55060 Office Supplies 15,000 1,250 1,307 (57) 11,250 9,144 2,106 55070 Payroll Services 6,000 402 237 165 4,851 3,949 902 Total Office 207,896 17,450 26,603 (9,153) 158,582 164,130 (5,548) Administration 66000 Dues & Subscriptions 21,000 578 457 122 16,128 9,979 6,149 66001 Airport Membership (ACI) 14,000 0 0 0 14,000 13,906 94 66002 A.A.A.E. Memberships 550 0 0 0 550 550 0 66003 G.F.O.A. 800 0 0 0 800 0 800 66005 NYS Bar Association 670 0 275 (275) 340 275 65 66006 NY Airport Managers Assoc 8,000 0 0 0 8,000 5,000 3,000 66007 Local Chamber Of Commerce 6,000 141 0 141 5,568 5,983 (414) 66008 Center For Economic Growth 2,500 0 0 0 2,500 3,000 (500) 66011 Authority Travel & Education 500 42 0 42 375 0 375 66012 Authority Mgmt Travel & Educ 20,000 1,667 5,550 (3,883) 15,000 19,477 (4,477) 66013 Function Refreshments 20,000 1,667 622 1,045 15,000 8,593 6,407 66014 Outside Functions 5,000 417 0 417 3,750 0 3,750 66030 Advertising - Public Meetings 14,000 1,167 967 200 10,500 14,081 (3,581) 66031 Economic Development 1,000 83 0 83 750 0 750 66060 Credit Card Service Charges 5,000 417 302 115 3,750 2,049 1,701 66062 Bank & Paying Agent Fees 10,000 833 0 833 7,500 5,000 2,500 66065 A/R Write Offs 0 0 0 0 0 106 (106) 66095 County Indirect Expenses 13,185 1,099 0 1,099 9,889 0 9,889 Total Administration 142,205 8,110 8,172 (62) 114,400 87,999 26,401 Total Expenses 4,603,949 347,378 359,520 (12,143) 3,537,492 3,541,823 (4,331) Total Exp & Non Cap Equip. 4,603,949 347,378 359,520 (12,143) 3,537,492 3,541,823 (4,331) 94

Albany International Airport Departure Revenue and Expenses 2015-2018 Departure Operating Results $6,000 $4,000 $2,000 $- Revenue $(2,000) $(4,000) $(6,000) $(8,000) $(10,000) $(12,000) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2018 2017 2016 2015 2018 2018 2018 2017 2017 2017 2016 2015 Gross Direct Operating Gross Direct Operating Operating Operating YTD Revenues Revenues Expenses Results Revenues Expenses Results Results Results Museums $94,190 $53,534 $40,657 $124,348 $72,593 $51,755 $41,228 $50,309 Direct Purchase 73,745 27,045 46,700 66,869 26,544 40,325 32,947 34,118 Salaries 0 94,811 (94,811) 0 96,577 (96,577) (87,684) (87,442) Misc Rev/Exp (*) 505 3,910 (3,405) 739 5,860 (5,122) (2,736) (12,864) Total $168,440 $179,300 ($10,860) $191,955 $201,574 ($9,619) ($16,245) ($15,879) (*) Supplies, shipping, parking discounts, credit card expenses 2018 2018 2018 2017 2017 2017 2016 2015 Gross Direct Operating Gross Direct Operating Operating Operating Revenues Expenses Results Revenues Expenses Results Results Results January $ 14,604 $ 14,713 $ (109) $ 13,024 $ 15,870 $ (2,845) $ (4,146) $ (1,707) February 14,215 16,419 (2,204) 16,045 18,945 (2,900) (4,010) (6,269) March 15,175 21,595 (6,420) 16,639 21,843 (5,204) (3,459) (1,966) April 18,944 17,859 1,085 20,962 21,731 (769) (3,193) (4,194) May 22,284 24,897 (2,613) 21,994 23,314 (1,320) 1,929 (249) June 19,899 22,354 (2,455) 25,923 24,321 1,602 (1,923) 1,463 July 22,297 19,108 3,188 25,297 23,975 1,322 154 (2,415) August 21,174 22,218 (1,044) 28,221 25,863 2,359 (1,491) 2,934 September 19,849 20,137 (288) 23,849 25,712 (1,863) (107) (3,477) October 28,845 25,667 3,178 3,092 2,335 November 26,306 25,213 1,093 2,089 (2,194) December 32,058 40,368 (8,310) (11,250) 3,583 Total $168,440 $ 179,300 ($10,860) $ 279,165 $ 292,823 ($13,658) ($22,315) ($12,155) YTD $ 168,440 $ 179,300 $ (10,860) $ 191,955 $ 201,574 $ (9,619) $ (16,245) $ (15,879) 95

Albany International Airport Departure Operating Summary For the nine months ended September 30 Total 2018 This Month Year to Date Budget Budget Actual Budget Actual Variance Revenue Museum Shop $173,437 14,901.89 $11,081 $120,748 $94,190 ($26,558) Direct Buy 96,615 8,661 8,678 64,904 73,745 8,841 Shipping 1,069 101 90 668 719 51 Layaway 0 0 0 0 0 0 Miscellaneous 0 0 0 0 0 0 Over/(Short) 0 0 (0) 0 (328) (328) Gift Cert. Redeemed/(Sold) 0 0 0 0 114 114 Total Revenues $271,122 $23,664 $19,849 $186,321 $168,440 ($17,880) Expenses Salaries and Benefits Salaries $90,647 $9,715 $7,182 $71,584 $71,848 -$264 Benefits 33,610 2,529 2,351 22,631 22,963 (332) Total Salaries and Benefits 124,257 12,244 9,533 94,216 94,811 (596) Museum Shop 100,654 8,492 6,271 70,722 53,534 17,188 Direct Buy 40,523 4,001 3,972 25,582 27,045 (1,463) Shipping 669 90 77 441 430 11 Parking 465 33 35 361 359 2 Telephone 176 17 11 135 114 21 Travel/Membership/Donations 396 0 0 396 267 128 Equipment/Repairs/Loss/Supplies 5,120 91 239 4,348 2,740 1,607 Credit Card Fees 8,883 0 0 0 0 0 Total Expenses $281,144 $24,968 $20,137 $196,199 $179,300 $16,899 Net Revenues ($10,022) ($1,304) ($288) ($9,878) ($10,860) ($982) 96

Albany International Airport Employee Count 2018 Variance Budget As of As of As of As of As of As of As of As of As of As of As of As of Budget vs. 2018 Jan 31, 18 Feb 28, 18 Mar 31, 18 Apr 30, 18 May 31,18 Jun 30,18 Jul 31,18 Aug 31,18 Sep 30,18 Oct 31,18 Nov 30,18 Dec 31,18 Sep 30,18 AUTHORITY Administration 23.00 22.00 22.00 22.00 22.00 22.00 22.00 22.00 22.00 22.00-1.00 Total Authority Positions 23.00 22.00 22.00 22.00 22.00 22.00 22.00 22.00 22.00 22.00 0.00 0.00 0.00-1.00 Total Airport Positions 231.00 218.25 216.75 211.75 212.75 212.25 215.25 215.50 213.75 210.75 0.00 0.00 0.00-20.25 97

Albany International Airport 2018 ACAA Performance Measurements For the nine months ended September 30 ACAA Performance Measurements 2014 Final 2015 Final 2016 Final 2017 Final 2018 Budget 2018 YTD Actual ACAA's total full time employment equivalents 24 22 22 22 23 22 Community meetings 61 63 70 62 50 62 Aviation conferences/meetings 23 36 29 30 30 37 Open Accounts Receivable/Total Operating Revenues 4.6% 4.2% 4.2% 4.3% 3.0% 4.3% Open Accounts Payable/Total Operating Expenses 1.8% 1.7% 1.9% 1.8% 1.6% 1.8% SPDES Permit yes yes yes yes yes yes FAA: Part 139 Operation Compliance yes yes yes yes yes yes Part 77 Airspace Compliance yes yes yes yes yes yes Part 150 Noise Program yes yes yes yes yes yes Part 121 Air Cargo Carriers yes yes yes yes yes yes Update maps & charts of Airport yes yes yes yes yes yes Landside building rent increase/(decrease) from previous year -2% 9% 8% 2% 0% 1% T Hangar rent increase/(decrease) from previous year 7% -6% -3% 1% 3% 5% Tie Down rent increase/(decrease) from previous year -51% -6% -6% 26% 0% 2% Landside land rent increase/(decrease) from previous year -2% -1% 4% 14% 2% 3% DBE Participation for construction/engineer contractors 9% 9% 9% 9% 7% 7% MWBE Participation for construction/engineer contractors 39% 30% 30% 30% 20% 30% Minority Representation in the Workforce-Concessions HMS Host 17% 24% 28% 29% 30% 37% N/A for Sept McDonalds 48% 32% 44% 53% 49% 57% N/A for Sept Villa Fresh Italian Kitchen/Green Leafs 48% 57% 53% 54% 55% 64% N/A for Sept Paradies 24% 29% 37% 43% 38% 50% N/A for Sept Dunkin Donuts 53% 52% 33% 44% 42% 52% N/A for Sept OHM (New concessionaire as of March 2018) N/A N/A N/A N/A N/A 20% N/A for Sept Terminal Survey Results (avgerage, 5 being the highest) N/A N/A N/A N/A N/A 4.51 N/A for Sept Ambassador Program-hours volunteered 16,647 15,428 15,879 15,827 16,000 10,077 N/A for Sept Ambassador assistance - landside 49,516 51,313 66,111 120,038 100,000 15,010 N/A for Sept Ambassador assistance - airside 21,301 24,461 31,768 29,670 30,000 19,262 N/A for Sept Canine assistance-landside (new for 2015) N/A 23,016 45,294 93,060 100,000 56,074 N/A for Sept Canine assistance-airside (new for 2015) N/A 5,427 6,442 7,024 8,000 2,989 N/A for Sept Concession revenue increase from previous year 10.4% 4.1% 3.7% 7.0% 3.9% 1.6% Business Center Visitors (new for 2017) N/A 1124 1278 2670 1,800 2393 N/A for Community tours 29 35 33 44 40 22 N/A for Sept 98

*** UNAUDITED - FOR INTERNAL REVIEW*** Investment Report 99