ACI Finance Committee Benchmarking Working Group. Overview of New FAA Form 127 April 28, 2008

Transcription

1 ACI Finance Committee Benchmarking Working Group Overview of New FAA Form 127 April 28, 28

2 Overview Significant Changes New Form Highlights Next Steps 2

3 Significant Changes Much more consistent with ACI survey New FAA 127 can be derived from updated ACI survey Increased data input fields from 51 to 65 Structured like GASB Statement of Revenues and Expenses Includes two years of information with percentage changes Separates passenger airline revenue from other aeronautical revenue Allows consistent calculation of Cost per Enplanement Improved definitions (consistent with ACI survey) Includes operating statistics and other information Received significant industry input, including airlines (ATA) 3

4 Passenger Airline Aeronautical Revenue Overview of New FAA From 127 Broke-out passenger airline landing fees (1.1) Clarified definitions of terminal fees to include all airline costs incurred in the terminals (1.2) Broke out FIS fees separately (1.4) Clarified instructions for other fees (1.5) with respect to security fees paid by TSA - should be recorded in Section Passenger Airline Aeronautical Revenue 1.1 Passenger airline landing fees 1.2 Terminal arrival fees, rents and utilities 1.3 Terminal area apron charges/tiedowns 1.4 Federal inspection fees 1.5 Other passenger aeronautical fees 1.6 Total 4

5 Non-Aeronautical Aeronautical Revenue Overview of New FAA From 127 Designated separate landing fee amounts for cargo (2.1) and GA & military (2.2) Clarified that security reimbursements from TSA should be recorded in this section, not in Section Non-Passenger Aeronautical Revenue 2.1 Landing fees from cargo 2.2 Landing fees from GA, and military 2.3 FBO revenue; contract or sponsor-operated 2.4 Cargo and hangar rentals 2.5 Aviation fuel tax retained for airport use 2.6 Fuel sales net profit/loss or fuel flowage fees 2.7 Security Reimbursement from Federal Government 2.8 Other non-passenger aeronautical operating revenue 2.9 Total 5

6 Non-Aeronautical Revenue Made consistent with ACI survey, although ACI survey has more detail for certain categories Clarified definitions for three categories of concessions (4.2, 4.3, 4.4) Added ground transportation to parking line (4.6) Added hotel line (4.7) 4. N on-aeronautical Revenue 4.1 Land and non-terminal facility leases and revenues 4.2 Terminal-food and beverage 4.3 Terminal-retail stores & duty free 4.4 Terminal-services and other 4.5 Rental cars-excludes customer facility charges 4.6 Parking and ground transportation 4.7 Hotel 4.8 Other 4.9 Total 6

7 Operating Expenses Added marketing expenses (FAA) Issue - repair/maintenance and marketing are functional costs Provided subtotal (6.9) before depreciation 6. O perating Expenses 6.1 Personnel Compensation and benefits 6.2 Communications and utilities 6.3 Repairs and maintenance 6.4 Marketing/advertising/promotions 6.5 Supplies and materials 6.6 Contractual services 6.7 Insurance, claims and settlements 6.8 Other 6.9 Sub t o t al 6.1 Depreciation 6.11 Total Operating Expenses 7

8 Non-Operating Revenue (Expenses) Consolidated into one section, rather than two sections Consistent with GASB 34 Added capital contributions (8.5) and special items (8.6) 8. Non-Operating Revenue (Expense) and Capital 8.1 Interest income 8.2 Interest expense (use minus sign) 8.3 Grant receipts 8.4 Passenger Facility Charges 8.5 Capital contributions (for withdrawal use minus sign) 8.6 Special items (loss) 8.7 Other 8.8 Total N on-operating Revenue (Expense) 8

9 Indebtedness Clarified definitions Added on-balance sheet special facility bonds (11.3) Added debt service, net of PFCs and offsets (15.2) 11. Indebtedness at End of Year 11.1 Long Term Bonds (GA, GARB, PFC, ect) 11.2 Loans and interim financing 11.3 Special facility bonds 11.4 Total Debt at End of Year 15. Debt Service 15.1 Debt service, excluding coverage 15.2 Debt service, net of PFCs and Offsets 9

10 Operating Statistics and Other Information Overview of New FAA From 127 All new information Key denominators are included ( , and 16.6) Airport FTEs at EOY added (16.6) CPE calculation included (16.5) Added security (16.7) and ARFF functional costs (16.8) 16. O perating Statistics & Other Information 16.1 Enplanements 16.2 Landed weights (pounds) 16.3 Signatory landing fee rate per 1, lbs 16.4 Annual aircraft operations 16.5 Passenger airline cost per enplanement (line 1.6/16.1) 16.6 Full time equivalents at end of fiscal year 16.7 Security and law enforcement costs 16.8 ARFF costs 1

11 Next Steps FAA obtaining internal approvals Send to OMB for concurrence Public hearing possible FAA to update software and on-line data entry application Goal complete by early 29 so that it is applicable for all FY 28 fiscal year end information Would include comparative FY 27 information ACI survey has been developed to produce the comparable information for FY 27 11

12 Airport Name Dallas Fort Worth International Airport New Proposed FAA Form For Fiscal Year Ending Airport 3 digit ID Code DFW Date Filed or Revised If this is a consolidated report, list the 3 digit codes of the other airpo 26 Overview of New FAA From 127 9/3/26 1/11/27 1. Passenger Airline Aeronautical Revenue Change 8. Non-Operating Revenue (Expense) and Capital 25 Change 1.1 Passenger airline landing fees 177,164, 161,395, 1% 8.1 Interest income 45,795, 2,513, 123% 1 Terminal arrival fees, rents and utilities 57,977, 29,236, 98% 8.2 Interest expense (use minus sign) -217,492, -83,837, 159% 1 Terminal area apron charges/tiedowns 179,9 257, -3% 8.3 Grant receipts 4,131, 52,441, -23% 1.4 Federal inspection fees 8.4 Passenger Facility Charges 112,51, 118,438, -5% 1.5 Other passenger aeronautical fees 8.5 Capital contributions (for withdrawal use minus sign) 1.6 Total 235,32,9 19,888, 23% 8.6 Special items (loss) 8.7 Other 3,399, 18,248, -81% 2. Non-Passenger Aeronautical Revenue 8.8 Total N on-operating Revenue (Expense) -15,657, 125,83, -112% 2.1 Landing fees from cargo 16,15, 2.2 Landing fees from GA, and military 5, 9. Net Assets 2.3 FBO revenue; contract or sponsor-operated 9.1 Change in net assets 1,536,292, 2.4 Cargo and hangar rentals 1,618, 1,69, 1% 9.2 Net assets (deficit) at beginning of year 1,456,64, 2.5 Aviation fuel tax retained for airport use 9.3 Net assets (deficit) at end of year -79,72,49 15,28, -617% 2.6 Fuel sales net profit/loss or fuel flowage fees 6,23, 5,773, 8% 2.7 Security Reimbursement from Federal Government 1. Capital Expenditures and Construction in Progress 2.8 Other non-passenger aeronautical operating reven 1.1 Airfield 41,985,58 23,681, 77% 2.9 Total 24,498, 7,382, 232% 1.2 Terminal 96,948, ,271, -56% 1.3 Parking 2,725,474 12,645, -78% 3. Total Aeronautical Revenue 259,818,9 198,27, 31% 1.4 Roads, rail and transit 7,895,842 34,651, -77% 1.5 Other 3,933, ,25, -83% 4. N on-aeronautical Revenue 1.6 Total 18,488, ,273, -62% 4.1 Land and non-terminal facility leases and revenues 18,669, 18,285, 2% 4.2 Terminal-food and beverage 16,714, 14,2, 18% 11. Indebtedness at End of Year 4.3 Terminal-retail stores & duty free 1,747, 9,469, 13% 11.1 Long Term Bonds (GA, GARB, PFC, ect) 3,747,652, 3,8,, -1% 4.4 Terminal-services and other 13,72, 11,589, 18% 11.2 Loans and interim financing 4.5 Rental cars-excludes customer facility charges 28,265, 25,253, 12% 11.3 Special facility bonds 237,93, 248,5, -4% 4.6 Parking and ground transportation 9,86, 88,177, 3% 11.4 Total Debt at End of Year 3,985,582, 4,48,5, -2% 4.7 Hotel 24,385, 4.8 Other 23,31, 23,711, -3% 12. Restricted Assets 4.9 Total 226,319, 19,684, 19% 12.1 Restricted debt reserves 329,989, 324,86, 2% 12.2 Restricted capital renewals and replacements 286,431, 546,99, -48% 5. Total Operating Revenue 486,137,9 388,954, 25% 12.3 Restricted other 176,151, 198,765, -11% 12.4 Total 792,571, 1,69,724, -26% 6. Operating Expenses 6.1 Personnel Compensation and benefits 139,32, 119,854, 16% 13. Unrestricted Assets, Including Cash 365,67,444 24,95, 79% 6.2 Communications and utilities 42,314, 25,573, 65% 6.3 Repairs and maintenance 14. Reporting Year Proceeds 6.4 Marketing/advertising/promotions 14.1 Bond proceeds 324,821, 6.5 Supplies and materials 23,276, 19,125, 22% 14.2 Proceeds from sale of property 3,294, 3,22, 3% 6.6 Contractual services 15,933, 71,87, 48% 6.7 Insurance, claims and settlements 5,258, 3,832, 37% 15. Debt Service 6.8 Other 18,83, 15.1 Debt service, excluding coverage 252,551, 62,55, 34% 6.9 Subtotal 334,931, 24,191, 39% 15.2 Debt service, net of PFCs and Offsets 111,144, 6.1Depreciation 214,622,39 7,68, ##### 6.11 Total Operating Expenses 549,553,39 247,871, 122% 16. O perating Statistics & Other Information 16.1 Enplanements 3,154, O perating Income (Loss) -63,415,49 141,83, -145% 16.2 Landed weights (pounds) 39,53,276, Paperwork Reduction Act Statement: The information collected on this form facilitates the submission of operating and 16.3 Signatory landing fee rate per 1, lbs $4.88 financial summary data. Section 111(b) requires the Secretary of Transportation to issue a simplified format for reporting data 16.4 Annual aircraft operations 71,58 applicable to Airports to assist in public understanding of airport finances and to provide information concerning the amount of 16.5 Passenger airline cost per enplanement (line 1.6/16.1) $7.8 revenue surplus, t he amount of concession-generat ed revenue, and ot her inf ormat ion required by the Secret ary. The burden for each response is estimated t o be 5 hours. Responses are required t o obt ain a benef it. No assurance of conf ident ialit y is given. Please 16.6 Full time equivalents at end of fiscal year 1,741 note that an agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it 16.7 Security and law enforcement costs $ 12 displays a current ly valid OM B number. The OM B cont rol number associat ed wit h t his collection is FAA Form ARFF costs $ 12 7 Previous editions are obsolete.