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HomeMy WebLinkAboutR-2007-157 2007 Airport Budget Amendment No. 1 and 2008 Airport Budget AdoptionYAKIMA COUNTY RESOLUTION CITY OF YAKIMA RESOLUTION NO. 2007-515- NO. R-2007- 157 ... A JOINT RESOLUTION OF THE CITY OF YAKIMA AND YAKIMA COUNTY approving the Yakima Air Terminal — McAllister Field 2007 Budget Amendment #1 and approving the Yakima Air Terminal 2008 Budget. WHEREAS, pursuant to State law, the Yakima Air Terminal — McAllister Field is jointly owned and operated by the City of Yakima and Yakima County; and WHEREAS, RCW 14.08.200(7) requires the City of Yakima and Yakima County to approve amendments of the Yakima Air Terminal -McAllister Field Budget by joint resolution; and WHEREAS, the Board of Yakima Air Terminal — McAllister Field approved the 2007 Budget Amendment #1 and the 2008 Budget at a recent Board meeting; and WHEREAS, the Board of Yakima County Commissioners and the Council of the City of Yakima have reviewed the Yakima Air Terminal -McAllister Field 2007 Budget Amendment #1 and 2008 Budget; and WHEREAS, it is in the best interests of Yakima County and the City of Yakima that the Yakima Air Terminal -McAllister Field 2007 Budget Amendment #1 and 2008 Budget be approved; Now, Therefore, BE IT HEREBY RESOLVED by the Board of Yakima County Commissioners that the Yakima Air Terminal -McAllister Field 2007 Budget Amendment #1 and the 2008 Yakima Air Terminal Budget be, and hereby is, approved. Done this 4' day of 2007. Mike Leita, Chair ``\\''cF Y AKIMq 0 Q• IS Ronal F Gamache o• �: -);•• - a d Elliott -• :-);•- onstituting the Board of County */// i 111%0\�� Commissioners for Yakima County, Washington 1 Attest: Christina S. Steiner 124(40/ Clerk of the Board BE IT HEREBY RESOLVED by the City Council of the City of Yakima that the Yakima Air Terminal -McAllister Field 2007 Budget Amendment #1 and the 2008Yakima Air Terminal Budget be, and hereby is, approved. Adopted by the City Council this 20th day of November 2007 Attest: °d -1 -9 -- City Clerk 2 f•1kti5fu,,G.", fii�-C'�E:iiiW<K•s';J:_N'.£.:� 2400 West Washington Ave. Yakima, Washington 98903 • (509) 575-6149 • (509) 575-6185 Fax November 1, 2007 Yakima City Council City Hall, First Floor 129 North Second Street Yakima, WA 98901 Yakima County Commissioners Yakima County Courthouse 128 North Second Street Yakima, WA 98901 Subject: Yakima Air Terminal, 2007 Budget Amendment #1 and 2008 Budget Dear Council Members and Commissioners: It is with pleasure that we present to you the 2007 Budget Amendment #1 and the 2008 Operating Budget for the Yakima Air Terminal. You will notice that the 2007 budget estimated revenues at $946,160. A budget analysis of actual earnings has increased that estimate to $954,034 (Amendment #1), and, to $1,042,470 in 2008. Operating expenses have risen, but not as much as operating receipts as we continue to be very conservative on expenses. However, we did have a couple of non -budgeted items and a couple emergency expenses come up this year that did create a deficit in the operating budget requiring us to draw from our reserves. • Projecting a full year with Delta Air Lines leasing terminal space, additional space leased by TSA, and the increased passenger enplanements, for both Horizon and Delta; along with having the restaurant .open and paying rent, all creating more parking revenue, we estimate the revenue for 2008 to be over $1 million dollars. With prudent spending and saving, we 'anticipate a balanced budget for 2008. Respectfully Submitted Buck aylor Airport Manager c. Airport Board 2007 Budget Amendment it 1 Yakima Air Terminal - McAllister Field Page 1 2007 Budget Amendment #1 2004 2005 2006 2007 YTD YTD: BDGT 2007 2007 ACTUAL ACTUAL ACTUAL 9/30/07 75% BUDGET4MEND #1 OPERATING RECEIPTS 846,122 895,097 922,642 713,426 75% 946,160 954,034 OPERATING EXPENSES: AIRFIELD 298,127 317,300 338,607 241,415 68% 355,365 329,857 TERMINAL 162,299 163,826 178,097 119,420 65% 183,037 165,322 ADMINISTRATION 338,835 339,789 334,982 273,222 71% 385,377 366,553 COMMERCIAL 3,836 2,469 3,258 2,148 61% 3,500 2,826 INSURANCE 38,723 34,941 34,820 41,679 63% 66,000 66,000 SUB -TOTAL - OPERATING 841,820 858,325 889,764 677,884 68% 993,279 930,558 MAJOR PROJECTS & PURCHASES 33,816 38,915 29,742 64,065 299% 21,400 64,065 TOTAL EXPENSES NET OPERATING GAIN/(LOSS) CASH BALANCE FORWARD AVAILABLE CASH CONTRIBUTIONS TO RESERVES 875,636 897,240 919,506 741,949 73% 1,014,679 994,623 (29,514) (2,143) 3,136 (28,523) 42% (68,519) (40,589) 159,243 129,729 114,846 117,982 100% 117,982 117,982 129,729 127,586 117,982 89,459 181% 49,463 77,393 0 (12,740) 0 0 0 0 FINAL UNRESERVED CASH BALANC 129,729 114,846 117,982 89,459 49,463 77,393 I. BUDGET SUMMARY Efforts by all staff members have worked diligently to reduce expenses while continuing to maintain the same level of service to the public. This year we have had several "pop-up" expenses that were not anticipated in the 2007 Budget that required drawing from the Reserve Funds. FILENAME: 2007 Amend #1 PAGE 1 OF 12 Yakima Air Terminal - McAllister Field Page 2 2007 Budget Amendment #1 2004 2005 2006 2007 YTD YTD: BDGT 2007 2007 ACTUAL ACTUAL ACTUAL 9/30/07 75% BUDGET 4MEND #1 AIRFIELD OPERATING RECEIPTS: 3001 AIRIFIELD-LAND FEES -AIRLINE 87,574 82,335 82,312 63,176 76% 83,000 84,200 3004 AIRFIELD -LAND FEES-FREIGH1 32,150 34,754 36,318 25,234 63% 40,000 33,650 3007 AIRFIELD -LAND FEES-CHARTE 2,352 4,169 3,924 13,077 291% 4,500 17,400 3010 AIRFIELD -LAND FEES-UNSCHE 4,376 7,205 9,075 4,565 46% 10,000 6,086 3013 AIRFIELD -FUEL FLOW 30,615 35,525 32,214 24,428 74% 33,000 32,570 3016 AIRFIELD RENT -AVIATION 111,706 137,518 137,682 110,169 74% 148,656 146,892 3019 AIRFIELD -RENT -RAMPS 673 437 475 361 75% -480 480 3022 AIRFIELD -TAX SALES -RAMP 294 259 108 123 82% 150 150 3028 AIRFIELD - ID BADGES 510 810 489 630 79% 800 840 3080 AIRFIELD - INCOME - POWER 9,433 7,001 8,946 7,595 84% 9,000 10,126 3089 AIRFIELD - NON TAX / EQUIP 0 0 1,500 0 0% 0 0 3099 AIRFIELD - MISC INCOME 250 200 300 2,476 1238% 200 2,500 SUB -TOTAL - AIRFIELD RECEIPTS 279,933 310,213 313,343 251,834 76% 329,786 334,894 TERMINAL OPERATING RECEIPTS: 3101 TERMINAL - RENT -AIRLINES 88,434 90,196 91,994 70,112 75% 93,799 93,482 3104 TERMINAL USE - CHARTERS 1,200 1,875 1,725 7,200 400% 1,800 9,600 3105 TERMINAL - RENT - TSA 25,174 24,876 24,876 18,657 78% 24,000 24,876 3107 TERMINAL - PARKING LOT 92,651 100,048 99,166 83,908 83% 101,000 111,877 3110 TERMINAL - ADVERTISING 5,774 6,084 7,323 5,492 73% 7,500 7,322 3113 TERMINAL - RESTAURANT 24,000 12,000 16,000 730 8% 9,600 2,980 3114 TERMINAL - BOARD ROOM 0 0 0 180 0% 0 200 FILENAME: 2007 Amend #1 PAGE 2 OF 12 Yakima Air Terminal - McAllister Field Page 3 2007 Budget Amendment #1 2004 2005 2006 2007 YTD YTD: BDGT 2007 2007 ACTUAL ACTUAL ACTUAL 9/30/07 75% BUDGET WEND #1 3116 TERMINAL - CAR RENTALS 102,624 107,289 119,383 102,756 87% 118,000 137,007 3119 TERMINAL - TRAVEL AGENCY 18,116 18,478 18,849 14,144 74% 19,215 18,858 3122 TERMINAL - CONCESSIONS 2,197 2,220 1,870 2,528 126% 2,000 3,370 3125 TERMINAL - VEND - VEND/GAM 2,631 3,226 3,315 2,877 90% 3,200 3,835 3134 TERMINAL - PARKING METERS 5,262 5,564 5,559 4,549 86% 5,300 6,065 3137 TERMINAL - ATM REVENUE 2,067 2,510 364 5 0% 0 0 3138 TERMINAL - FALSE FEEDS 280 20 0 0 0% 0 0 3180 TERMINAL - INCOME - POWER 10,389 5,583 8,166 849 10% 8,200 2,799 3186 TERMINAL - INCOME - WATER 4,691 1,677 1,923 0 0% 1,900 320 3190 TERMINAL - FINGERPRINT 28 (209) (178) 194 0% 0 150 3199 TERMINAL - MISC INCOME 10 5 0 0 0% 100 0 SUB -TOTAL - TERMINAL RECEIPTS 385,528 381,459 400,335 314,180 79% 395,614 422,741 COMMERCIAL OPERATING RECEIPTS: 3203 COMMERCIAL - GENERAL 115,175 110,288 107,609 83,832 64% 130,000 111,775 3209 COMMERCIAL - AGRICULTURE 13,269 12,081 13,645 10,234 75% 13,640 13,645 3212 COMMERCIAL - AIRPORTER SI- 5,269 4,591 6,214 5,044 60% 8,395 6,725 3218 COMMERCIAL -OPTION INCOME 14,956 37,555 33,705 16,045 48% 33,600 21,393 3280 COMMERCIAL - INCOME - POW 8,729 10,072 10,576 7,980 73% 11,000 10,639 3283 COMMERCIAL - INCOME - NATI 0 (25) 0 0 0% 0 0 3286 COMMERCIAL - INCOME - WAT 600 460 480 360 72% 500 480 3299 COMMERCIAL - MISC INCOME 0 0 0 64 64% 100 64 SUB -TOTAL - COMMERCIAL RECEIP. 157,998 175,022 172,229 123,560 63% 197,235 164,721 FILENAME: 2007 Amend #1 PAGE 3 OF 12 Yakima Air Terminal - McAllister Field Page 4 2007 Budget Amendment #1 2004 2005 2006 2007 YTD YTD: BDGT 2007 2007 ACTUAL ACTUAL ACTUAL 9/30/07 75% BUDGET AMEND #1 OTHER RECEIPTS: 3900 OPERATING INTEREST INCOMI 5,789 14,638 22,785 14,358 137% 10,500 19,143 3905 TAX SALES - MISC 121 389 1,633 370 0% 0 370 3910 RETURN OF LEASEHOLD TAX 13,243 13,370 12,300 9,124 70% 13,000 12,165 3915 REIMBURSEMENT - TELEPHON 27 6 17 0 0% 25 0 3920 2002 - SALE OF REST EQUIP 3,448 0 0 0 0% 0 0 3926 INTEREST EARNED -REST EQU 35 0 0 0 0% 0 0 SUB -TOTAL - OTHER RECEIPTS 22,663 28,403 36,735 23,852 101% 23,525 31,678 TOTAL OPERATING RECEIPTS II. OPERATING RECEIPTS 846,122 895,097 922,642 713,426 75% 946,160 954,034 Operating receipts at the Airport are generated primarily by rentals received from land and buildings and fees charged for the use of the runways. AIRFIELD EXPENDITURES: AIRFIELD SALARIES: 4001 SALARIES 181,608 185,853 192,926 149,704 73% 205,485 199,605 4003 SALAIRES-O/T 5,578 3,896 3,629 359 7% 5,000 3,500 4004 SALARIES -REIMBURSED (4,870) (4,858) (4,640) (9,651) 0% 0 (9,651) SUB TOTAL -SALARIES 182,316 184,891 191,915 140,412 67% 210,485 193,454 FILENAME: 2007 Amend #1 PAGE 4 OF 12 Yakima Air Terminal - McAllister Field Page 5 2007 Budget Amendment #1 2004 2005 2006 2007 YTD YTD: BDGT 2007 2007 ACTUAL ACTUAL ACTUAL 9/30/07 75% BUDGET 4MEND #1 AIRFIELD EQUIPMENT: 4011 EXPENDABLES 475 113 115 18 7% 250 100 4012 R & M SUPPLIES 6,613 6,368 6,334 2,963 74% 4,000 3,950 4013 FUEL 8,926 13,821 13,439 9,359 62% 15,000 15,000 4014 RADIO REPAIR 1,184 129 618 1,086 181% 600 1,200 4015 CONTRACT REPAIRS 682 2,123 4,455 5,197 346% 1,500 6,100 SUB TOTAL -EQUIPMENT 17,880 22,554 24,961 18,623 87% 21,350 26,350 AIRFIELD GENERAL OPERATIONS: 4021 EXPEND SUPPLIES 2,011 1,579 2,117 553 31% 1,800 800 4022 R & M SUPPLIES 8,085 8,091 7,260 4,394 73% 6,000 5,900 4023 CONTRACT REPAIRS (191) 863 2,186 428 21% 2,000 570 4024 SAFETY/SECURITY 883 1,356 2,692 603 40% 1,500 1,000 4025 MISC SERVICES 1,615 1,891 2,135 1,681 93% 1,800 2,240 4026 MISC. PERMITS 0 46 46 0 0% 50 50 4027 BUILDING R & M 195 335 0 0 0% 500 0 4028 BLDG -CONTRACT REPAIRS 0 134 0 0 0% 0 0 4029 TRAINING & TRAVEL 0 5 0 929 0% 0 950 4030 STATE EXCISE TAX 2,439 2,477 2,533 1,211 48% 2,500 1,650 4035 AIRFIELD CONTRACT SERVICE 1,360 2,930 1,742 0 0% 2,000 0 4060 FRINGES - LIFE INSURANCE 676 404 624 411 68% 600 547 4061 FRINGES - DISABILITY 1,433 1,442 1,579 1,277 71 % 1,800 1,702 4062 FRINGES - PERS 2,679 3,352 6,288 7,810 83% 9,400 10,413 4063 FRINGES - MEDICAL 17,970 19,133 19,745 13,214 67% 19,745 17,618 4064 FRINGES - L & I 4,787 6,399 6,267 2,684 40% 6,700 3,578 4065 FRINGES - MEDICARE 2,001 1,995 2,050 1,384 60% 2,300 1,845 4069 FRINGES - CASH IN LIEU 7,433 8,050 8,227 6,170 75% 8,235 8,226 FILENAME: 2007 Amend #1 PAGE 5 OF 12 Yakima Air Terminal - McAllister Field Page 6 2007 Budget Amendment #1 2004 2005 2006 2007 YTD YTD: BDGT 2007 2007 ACTUAL ACTUAL ACTUAL 9/30/07 75% BUDGET 4MEND #1 4080 AIRFIELD EXP - POWER 37,466 40,517 44,844 30,449 68% 44,500 40,598 4083 AIRFIELD EXP - GAS 4,116 4,633 7,528 5,286 66% 8,000 7,816 4086 AIRFIELD EXP - WATER/SEWEF 2,159 2,534 2,344 788 30% 2,600 1,050 4099 AIRFIELD - MISC EXPENSE 814 1,689 1,524 3,108 207% 1,500 3,500 SUB TOTAL -GENERAL OPS TOTAL -AIRFIELD III. AIRFIELD EXPENSES: 97,931 109,855 121,731 82,379 67% 123,530 110,053 298,127 317,300 338,607 241,415 68% 355,365 329,857 Airfield expenditures include mowing, weeding, spraying, snow removal, crack sealing, pavement repair, maintenance of lighting systems and navigational aids and the repair and upkeep of Airport owned buildings on the 825 acres of Airport property, of which 96.7 acres are covered with pavement and 400 acres are safety areas. TERMINAL EXPENDITURES: TERMINAL SALARIES: 4101 SALARIES 4103 SALARIES - O/T SUB TOTAL - SALARIES FILENAME: 2007 Amend #1 72,104 71,351 69,624 60,951 86% 71,007 81,267 2,629 1,319 782 1,478 148% 1,000 1,970 74,733 72,670 70,406 62,429 87% 72,007 83,237 PAGE 6 OF 12 Yakima Air Terminal - McAllister Field Page 7 2007 Budget Amendment #1 2004 2005 2006 2007 YTD YTD: BDGT 2007 2007 ACTUAL ACTUAL ACTUAL 9/30/07 75% BUDGET 4MEND #1 TERMINAL GENERAL OPERATIONS: 4111 EXPEND SUPPLIES 5,049 4,215 5,154 3,715 64% 5,800 4,953 4112 R & M SUPPLIES 3,608 2,392 1,868 2,442 122% 2,000 3,255 4113 CONTRACT REPAIRS 4,477 6,517 8,036 3,472 39% 9,000 4,629 4114 MISC SERVICES 4,998 5,669 5,544 5,330 97% 5,500 7,000 4121 REST. UNPAID BAL 0 0 15,474 0 0% 16,000 0 4123 ATM EXPENSES 3,632 3,548 863 0 0% 863 0 4129 TERMINAL TRAINING & TRAVEL 0 0 0 58 0% 0 60 4160 FRINGES - MEDICAL INSURAN( 5,398 5,541 5,759 3,839 70% 5,500 5,118 4161 FRINGES - LIFE INSURANCE 39 101 213 156 69% 225 207 4162 FRINGES - DISABILITY 322 339 326 257 57% 450 342 4163 FRINGES - PERS 1,041 1,357 1,890 2,578 89% 2,892 3,437 4164 FRINGES - L & I 2,997 4,768 3,157 1,470 42% 3,500 1,959 4165 FRINGES - MEDICARE 1,083 1,036 995 726 66% 1,100 967 4166 FRINGES - UNEMPLOYMENT 3 750 1,437 (45) 0% 0 0 4180 POWER 35,186 35,607 33,979 17,872 50% 36,000 30,000 4183 GAS 3,608 4,432 6,905 7,498 115% 6,500 9,997 4186 WATER/SEWER 15,609 13,885 13,985 7,398 53% 14,000 9,864 4199 MISCELLANEOUS 516 999 2,106 223 13% 1,700 297 SUB TOTAL -GENERAL OPS 87,566 91,156 107,691 56,991 51% 111,030 82,085 TOTAL -TERMINAL 162,299 163,826 178,097 119,420 65% 183,037 165,322 FILENAME: 2007 Amend #1 PAGE 7 OF 12 Yakima Air Terminal - McAllister Field Page 8 2007 Budget Amendment #1 2004 2005 2006 2007 YTD YTD: BDGT 2007 2007 ACTUAL ACTUAL ACTUAL 9/30/07 75% BUDGET 4MEND #1 IV. TERMINAL' EXPENSES Airport personnel provide maintenance and custodial services to nearly 33,000 sqaure feet of space in the terminal and other buildings. This work center also includes landscaping and snow removal. Workload consists of cleaning, repairing and upgrading items in the buildings on an as -needed basis. ADMINISTRATION EXPENDITURES: ADMINISTRATION SALARIES: 4201 SALARIES 237,681 246,043 239,159 186,336 68% 273,480 254,448 4203 SALARIES - O/T 0 0 0 0 0% 0 0 4204 ADM - SALARIES - REIMBURSE[ 0 (92) (190) (261) 0% 0 (261) SUB TOTAL - SALARIES 237,681 245,951 238,969 186,075 68% 273,480 254,187 ADMINISTRATION GENERAL OPERATIONS: 4211 OFFICE SUPPLIES 4,591 4,252 6,957 5,627 87% 6,500 6,500 4212 PROFESSIONAL SERVICES 14,279 10,789 8,933 9,088 76% 12,000 12,117 4213 TELEPHONE 9,690 11,106 9,471 6,695 84% 8,000 8,926 4214 POSTAGE 1,976 964 1,388 834 56% 1,500 1,111 4215 TRAINING 5,070 7,273 8,002 3,149 45% 7,000 4,500 4216 CONTRACT REPAIRS 169 14 0 15 6% 250 25 4217 FINANCIAL AUDIT 9,336 5,443 5,659 .8,843 66% 13,500 9,000 FILENAME: 2007 Amend #1 PAGE 8 OF 12 Yakima Air Terminal - McAllister Field Page 9 2007 Budget Amendment #1 2004 2005 2006 2007 YTD YTD: BDGT 2007 2007 ACTUAL ACTUAL ACTUAL 9/30/07 75% BUDGET 4MEND #1 4219 DUES & SUBSCRIPTIONS 1,280 2,578 3,172 2,647 83% 3,200 3,529 4220 MISC SERVICES 793 521 487 0 0% 400 0 4260 FRINGES - LIFE INSURANCE 676 430 624 411 59% 700 547 4261 FRINGES - DISABILITY 1,825 1,897 1,902 1,527 63% 2,438 2,035 4262 FRINGES - PERS 3,504 4,909 7,641 9,669 80% 12,106 12,891 4263 FRINGES - MEDICAL 17,314 22,083 22,591 15,061 67% 22,600 20,081 4264 FRINGES - L & I 2,920 2,317 3,975 1,590 49% 3,220 2,119 4265 FRINGES - MEDICARE 2,654 2,694 2,458 1,737 58% 2,975 2,316 4266 FRINGES - UNEMPLOYMENT 9,690 0 0 0 0% 0 0 4269 FRINGES - CASH IN LIEU 13,739 14,557 10,366 7,871 61% 12,958 13,821 4283 ADM EXPENSE - GAS 450 612 730 475 53% 900 633 4286 WATER 235 134 204 144 58% 250 192 4287 ADM EXPENSE SIED LOAN 0 0 0 10,985 0% 0 10,985 4299 MISC EXPENSE 963 1,265 1,453 779 56% 1,400 1,038 SUB TOTAL - ADMINISTRATION 101,154 93,838 96,013 87,147 78% 111,897 112,366 TOTAL ADMINISTRATION 338,835 339,789 334,982 273,222 71% 385,377 366,553 V. ADMINISTRATION EXPENSES: The 2007 Budget includes the 3 year financial audit of Airport records. FILENAME: 2007 Amend #1 PAGE 9 OF 12 Yakima Air Terminal - McAllister Field Page 10 2007 Budget Amendment #1 2004 2005 2006 2007 YTD YTD: BDGT 2007 2007 ACTUAL ACTUAL ACTUAL 9/30/07 75% BUDGET 4MEND #1 COMMERCIAL EXPENSES: 4309 BLDG R & M 293 100 0 0 0% 500 0 4312 R & M 1,245 119 362 512 128% 400 682 4315 CONTRACT REPAIR 358 108 0 68 23% 300 70 4380 POWER 0 0 42 0 0% 0 0 4383 GAS 0 0 536 0 0% 0 0 4386 WATER/SEWER 1,885 2,106 2,249 1,481 67% 2,200 1,974 4399 MISC EXPENSE 55 36 69 87 87% 100 100 TOTAL - COMMERCIAL 3,836 2,469 3,258 2,148 61% 3,500 2,826 VI. COMMERCIAL EXPENSES These expenses are incurred on properties leased to non -aviation tenants. INSURANCE EXPENDITURES: 4400 INSURANCE TOTAL -INSURANCE FILENAME: 2007 Amend #1 38,723 34,941 34,820 41,679 63% 66,000 66,000 38,723 34,941 34,820 41,679 63% 66,000 66,000 PAGE 10 OF 12 Yakima Air Terminal - McAllister Field Page 11 2007 Budget Amendment #1 2004 2005 2006 2007 YTD YTD: BDGT 2007 2007 ACTUAL ACTUAL ACTUAL 9/30/07 75% BUDGET 4MEND #1 MAJOR PROJECTS & PURCHASES: 2004 MAJOR PROJECTS & PURCHASES 0 0 1701 2004 - NEW COMPUTERS & SOF 16,681 1702 2004 - CARPET SCRUBBER 4,956 1703 2004 - NEW ROOF / 2406 BLDG. 12,179 1700 2005 RICHARDSON AREA CLEANUP 10,006 0 1701 2005 NEW OFFICE FURNITURE 985 0 1702 2005 2005 Air Services (Ticket Lift) 20,974 577 1704 2005 NEW COMPUTERS 3,135 0 1705 2005 MOVING EXPENSE - BUCK 3,815 0 1710 2006 POWER - SOUTH SIDE 6,947 1711 2006 1816 S 24TH AVE IMPROVE 2,016 1712 2006 AIRFIELD CONTROL 2,164 1714 2006 REIMBURSE FAA - 16 AVE ACCESS 18,038 2007 MAJOR PROJECTS & PURCHASES TIRES FOR CASE TRACTOR 6,760 6,400 1717 2007 AIRFIELD WEED CONTROL 2,164 0 1718 2007 FIRE TRUCK REPAIR 15,111 0 1719 2007 O'DELL ASPHALT REPAIR 6,816 0 RESTAURANT EQUIPMENT REPLACE 18,414 0 RUNWAY & TAXI -WAY REPAINT 14,800 15,000 TOTAL MAJOR PROJECTS/PURC 33,816 38,915 29,742 64,065 FILENAME: 2007 Amend #1 0 21,400 0 PAGE 11 OF 12 Yakima Air Terminal - McAllister Field Page 12 2007 Budget Amendment #1 2004 2005 2006 2007 YTD YTD: BDGT 2007 2007 ACTUAL ACTUAL ACTUAL 9/30/07 75% BUDGET 4MEND #1 VIII. MAJOR PROJECTS & PURCHASES: This category shows operating and capital projects and equipment purchases funded with operating revenues. Several large expenses (fire truck, restaurant equipment, SEID loan) were not anticipated in the 2007 Budget. FILENAME: 2007 Amend #1 PAGE 12 OF 12 2008 Operating Budget Yakima Air Terminal - McAllister Field Page 1 2008 Budget 2004 2005 2006 2007 YTD 2008 ACTUAL ACTUAL ACTUAL 9/30/07 BUDGET COMMENTS OPERATING RECEIPTS 846,122 895,097 922,642 713,426 1,042,470 OPERATING EXPENSES: AIRFIELD 298,127 317,300 338,607 241,415 353,950 TERMINAL 162,299 163,826 178,097 119,420 163,325 ADMINISTRATION 338,835 339,789 334,982 273,222 399,300 COMMERCIAL 3,836 2,469 3,258 2,148 3,900 INSURANCE 38,723 34,941 34,820 41,679 66,000 SUB -TOTAL - OPERATING 841,820 858,325 889,764 677,884 986,475 MAJOR PROJECTS & PURCHP 33,816 38,915 29,742 64,065 55,000 TOTAL EXPENSES 875,636 897,240 919,506 741,949 1,041,475 NET OPERATING GAIN/(LOSS (29,514) (2,143) 3,136 (28,523) 995 CASH BALANCE FORWARD 159,243 129,729 114,846 117,982 77,393 AVAILABLE CASH 129,729 127,586 117,982 89,459 78,388 CONTRIBUTIONS TO RESERV 0 (12,740) 0 0 0 FINAL UNRESERVED CASH B4 129,729 114,846 117,982 89,459 78,388 FILENAME: 2008 Budget PAGE 1 OF 13 Yakima Air Terminal - McAllister Field Page 2 2008 Budget 2004 2005 2006 2007 YTD 2008 ACTUAL ACTUAL ACTUAL 9/30/07 BUDGET COMMENTS I. BUDGET SUMMARY We do not anticipate either drawing from or contributing to reserves in 2008. Additional properties that have been taken under option and/or lease agreement have increase revenues significantly Efforts of all staff members, particularly the airfield and terminal maintenance crews, have worked diligently to reduce expenses while continuing to maintain the same level of service to the public. AIRFIELD OPERATING RECEIPTS: ' 3001 AIRIFIELD-LAND FEES -A 87,574 82,335 82,312 63,176 118,000 Delta will be @ scheduled rate in 2008 3004 AIRFIELD -LAND FEES -FI 32,150 34,754 36,318 25,234 40,000 3007 AIRFIELD -LAND FEES -CI 2,352 4,169 3,924 13,077 3,500 Delta was @ higher landing rate as charter 3010 AIRFIELD -LAND FEES -UI 4,376 7,205 9,075 4,565 7,000 3013 AIRFIELD -FUEL FLOW 30,615 35,525 32,214 24,428 34,200 3016 AIRFIELD RENT-AVIATIC 111,706 137,518 137,682 110,169 150,000 2% rate increase 3019 AIRFIELD -RENT -RAMPS 673 437 475 361 480 3022 AIRFIELD -TAX SALES-Ri 294 259 108 123 150 3028 AIRFIELD - ID BADGES 510 810 489 630 900 large turnover in concessions and ramp 3080 AIRFIELD - INCOME - PC 9,433 7,001 8,946 7,595 11,220 10% increase in rate 3089 AIRFIELD - NON TAX / E( 0 0 1,500 0 0 3099 AIRFIELD - MISC INCOM 250 200 300 2,476 200 SUB -TOTAL - AIRFIELD RECE 279,933 310,213 313,343 251,834 365,650 FILENAME: 2008 Budget PAGE 2 OF 13 Yakima Air Terminal - McAllister Field Page 3 2008 Budget 2004 2005 2006 2007 YTD 2008 ACTUAL ACTUAL ACTUAL 9/30/07 BUDGET COMMENTS TERMINAL OPERATING RECEIPTS: 3101 TERMINAL - RENT-AIRLI 88,434 90,196 91,994 70,112 120,000 Delta&Horizon both paying rent 3104 TERMINAL USE - CHART 1,200 1,875 1,725 7,200 1,800 3105 TERMINAL - RENT - TSA 25,174 24,876 24,876 18,657 13,380 TSA reduced their rental space 3107 TERMINAL - PARKING L( 92,651 100,048 99,166 83,908 142,500 New Rates less reduced minimum 3110 TERMINAL - ADVERTISIt 5,774 6,084 7,323 5,492 7,400 3113 TERMINAL - RESTAURAI 24,000 12,000 16,000 730 9,000 $750/mo 3114 TERMINAL - BOARD ROC 0 0 0 180 250 3116 TERMINAL - CAR RENTP 102,624 107,289 119,383 102,756 130,000 3119 TERMINAL - TRAVEL AG 18,116 18,478 18,849 14,144 19,000 3122 TERMINAL - CONCESSIC 2,197 2,220 1,870 2,528 5,500 3125 TERMINAL - VEND - VEN 2,631 -3,226 3,315 2,877 3,500 3134 TERMINAL - PARKING M 5,262 5,564 5,559 4,549 5,500 3137 TERMINAL - ATM REVEN 2,067 2,510 364 5 0 3138 TERMINAL - FALSE FEEE 280 • 20 0 0 0 3180 TERMINAL - INCOME - P 10,389 5,583 8,166 849 8,500 3186 TERMINAL - INCOME - V\ 4,691 1,677 1,923 0 2,000 3190 TERMINAL - FINGERPRII 28 (209) (178) 194 (170) 3199 TERMINAL - MISC INCW 10 5 0 0 0 SUB -TOTAL - TERMINAL RECI 385,528 381,459 400,335 314,180 468,160 FILENAME: 2008 Budget PAGE 3 OF 13 Yakima Air Terminal - McAllister Field Page 4 2008 Budget 2004 2005 2006 2007 YTD 2008 ACTUAL ACTUAL ACTUAL 9/30/07 BUDGET COMMENTS COMMERCIAL OPERATING RECEIPTS: 3203 COMMERCIAL - GENERI 115,175 110,288 107,609 83,832 115,000 3209 COMMERCIAL - AGRICU 13,269 12,081 13,645 10,234 10,000 3212 COMMERCIAL - AIRPOR 5,269 4,591 6,214 5,044 7,500 3218 COMMERCIAL -OPTION it 14,956 37,555 33,705 16,045 25,000 3280 COMMERCIAL - INCOME 8,729 10,072 10,576 7,980 10,800 3283 COMMERCIAL - INCOME 0 (25) 0 0 0 3286 COMMERCIAL - INCOME 600 460 480 360 480 3299 COMMERCIAL - MISC IN( 0 0 0 64 0 SUB -TOTAL - COMMERCIAL F 157,998 175,022 172,229 123,560 168,780 OTHER RECEIPTS: 3900 OPERATING INTEREST I 5,789 14,638 22,785 14,358 15,000 3905 TAX SALES - MISC 121 389 1,633 370 0 3910 RETURN OF LEASEHOLI 13,243 13,370 12,300 9,124 13,000 3915 REIMBURSEMENT - TEL 27 6 17 0 0 3920 2002 - SALE OF REST E( 3,448 0 0 0 11,880 3926 INTEREST EARNED -RE` 35 0 0 0 0 SUB -TOTAL - OTHER RECEIP' 22,663 28,403 36,735 23,852 39,880 TOTAL OPERATING RECEIPT: 846,122 895,097 922,642 713,426 1,042,470 FILENAME: 2008 Budget PAGE 4 OF 13 Yakima Air Terminal - McAllister Field Page 5 2008 Budget 2004 2005 2006 2007 YTD 2008 ACTUAL ACTUAL ACTUAL 9/30/07 BUDGET COMMENTS II. OPERATING RECEIPTS Operating receipts at the Airport are generated primarily by rentals received from land and buildings and fees charged for the use of the runways and facilities. Delta is leasing additional space, TSA has reduced their leased area. AIRFIELD EXPENDITURES: AIRFIELD SALARIES: 4001 SALARIES 181,608 185,853 192,926 149,704 200,000 4003 SALAIRES-O/T 5,578 3,896 3,629 359 5,000 4004 SALARIES-REIMBURSEE (4,870) (4,858) (4,640) (9,651) : (3,000) SUB TOTAL -SALARIES 182,316 184,891 191,915 140,412 202,000 AIRFIELD EQUIPMENT: 4011 EXPENDABLES 475 113 115 18 100 4012 R & M SUPPLIES 6,613 6,368 6,334 2,963 10,000 4013 FUEL 8,926 13,821 13,439 9,359 15,000 increased cost of auto fuel 4014 RADIO REPAIR 1,184 129 618 1,086 1,400 4015 CONTRACT REPAIRS 682 2,123 4,455 5,197 5,000 SUB TOTAL -EQUIPMENT 17,880 22,554 24,961 18,623 31,500 FILENAME: 2008 Budget PAGE 5 OF 13 Yakima Air Terminal - McAllister Field Page 6 2008 Budget 2004 2005 2006 2007 YTD 2008 ACTUAL ACTUAL ACTUAL 9/30/07 BUDGET COMMENTS AIRFIELD GENERAL OPERATIONS: 4021 EXPEND SUPPLIES 2,011 1,579 2,117 553 1,000 4022 R & M SUPPLIES 8,085 8,091 7,260 4,394 6,000 4023 CONTRACT REPAIRS (191) 863 2,186 428 1,000 4024 SAFETY/SECURITY 883 1,356 2,692 603 1,000 4025 MISC SERVICES 1,615 1,891 2,135 1,681 2,000 4026 MISC. PERMITS 0 46 46 0 50 4027 BUILDING R& M 195 335 0 0 0 4028 BLDG -CONTRACT REPA 0 134 0 0 1,000 4029 TRAINING & TRAVEL 0 5 0 929 1,000 4030 STATE EXCISE TAX 2,439 2,477 2,533 1,211 2,500 4035 AIRFIELD CONTRACT SE 1,360 2,930 1,742 0 2,000 4060 FRINGES - LIFE INSURA 676 404 624 411 600 4061 FRINGES - DISABILITY 1,433 1,442 1,579 1,277 1,800 4062 FRINGES - PERS 2,679 3,352 6,288 7,810 11,000 3% increase for 2008 4063 FRINGES - MEDICAL 17,970 19,133 19,745 13,214 19,000 some increase (?) 4064 FRINGES - L & I 4,787 6,399 6,267 2,684 5,500 4065. FRINGES - MEDICARE 2,001 1,995 2,050 1,384 2,000 4069 FRINGES - CASH IN LIR 7,433 8,050 8,227 6,170 8,200 4080 AIRFIELD EXP - POWER 37,466 40,517 44,844 30,449 42,500 5% increase - implement cost savings 4083 AIRFIELD EXP - GAS 4,116 4,633 7,528 5,286 8,200 5% increase - implement cost savings 4086 AIRFIELD EXP - WATER/ 2,159 2,534 2,344 788 2,300 4099 AIRFIELD - MISC EXPEN 814 1,689 1,524 3,108 1,800 re-evaluate line item SUB TOTAL -GENERAL OPS 97,931 109,855 121,731 82,379 120,450 TOTAL -AIRFIELD 298,127 317,300 338,607 241,415 353,950 FILENAME: 2008 Budget PAGE 6 OF 13 Yakima Air Terminal - McAllister Field Page 7 2008 Budget 2004 2005 2006 2007 YTD 2008 ACTUAL ACTUAL ACTUAL 9/30/07 BUDGET COMMENTS III. AIRFIELD EXPENSES: Airfield expenditures include mowing, weeding, spraying, snow removal, crack sealing, pavement repair, maintenance of lighting systems and navigational aids and the repair and upkeep of Airport owned buildings on the 825 acres of Airport property, of which 96.7 acres are covered with pavement and 400 acres are safety areas. TERMINAL EXPENDITURES: TERMINAL SALARIES: 4101 SALARIES 4103 SALARIES - O/T 72,104 71,351 69,624 60,951 2,629 1,319 782 1,478 73,000 1,500 SUB TOTAL - SALARIES 74,733 72,670 70,406 62,429 74,500 TERMINAL GENERAL OPERATIONS: 4111 EXPEND SUPPLIES 5,049 4,215 5,154 3,715 5,500 4112 R & M SUPPLIES 3,608 2,392 1,868 2,442 3,200 4113 CONTRACT REPAIRS 4,477 6,517 8,036 3,472 5,000 4114 MISC SERVICES 4,998 5,669 5,544 5,330 5,500 4121 REST. UNPAID BAL 0 0 15,474 0 0 4123 ATM EXPENSES 3,632 3,548 863 0 0 FILENAME: 2008 Budget PAGE 7 OF 13 Yakima Air Terminal - McAllister Field Page 8 2008 Budget 2004 2005 2006 2007 YTD 2008 ACTUAL ACTUAL ACTUAL 9/30/07 BUDGET COMMENTS 4129 TERMINAL TRAINING & T 0 0 0 58 100 4160 FRINGES - MEDICAL INS 5,398 5,541 5,759 3,839 5,500 4161 FRINGES - LIFE INSURA 39 101 213 156 225 4162 FRINGES - DISABILITY _ 322 339 326 257 450 4163 FRINGES - PERS 1,041 1,357 1,890 2,578 3,600 3% increase 4164 FRINGES - L & I 2,997 4,768 3,157 1,470' 3,000 4165 FRINGES - MEDICARE 1,083 1,036 995 726 1,000 4166 FRINGES - UNEMPLOYN 3 750 1,437 (45) 0 4180 POWER 35,186 35,607 33,979 17,872 31,500 5% increase - implement cost saving 4183 GAS 3,608 4,432 6,905 7,498 10,500 5% increase - implement cost saving 4186 WATER/SEWER 15,609 13,885 13,985 7,398 13,000 4199 MISCELLANEOUS 516 999 2,106 223 750 SUB TOTAL -GENERAL OPS 87,566 91,156 107,691 56,991 88,825 TOTAL -TERMINAL 162,299 163,826 178,097 119,420 163,325 IV. TERMINAL' EXPENSES Airport personnel provide maintenance and custodial services to nearly 33,000 sqaure feet of space in the terminal and other buildings. This work center also includes landscaping and snow removal. Workload consists of cleaning, repairing and upgrading items in the buildings on an as -needed basis. FILENAME: 2008 Budget PAGE 8 OF 13 Yakima Air Terminal - McAllister Field Page 9 . 2008 Budget 2004 2005 2006 2007 YTD 2008 ACTUAL ACTUAL ACTUAL 9/30/07 BUDGET COMMENTS ADMINISTRATION EXPENDITURES: ADMINISTRATION SALARIES: 4201 SALARIES 237,681 246,043 239,159 186,336 298,800 added 1 FTE 4203 SALARIES - O/T 0 0 0 0 4204 ADM - SALARIES - REIME 0 (92) (190) (261) (1,000) SUB TOTAL - SALARIES 237,681 245,951 238,969 186,075 297,800 ADMINISTRATION GENERAL OPERATIONS: 4211 OFFICE SUPPLIES 4,591 4,252 6,957 5,627 6,000 implement cost savings 4212 PROFESSIONAL SERVIC 14,279 10,789 8,933 9,088 12,000 implement cost savings 4213 TELEPHONE 9,690 11,106 9,471 6,695 9,000 4214 POSTAGE 1,976 964 1,388 834 1,200 4215 TRAINING 5,070 7,273 8,002 3,149 5,000 4216 CONTRACT REPAIRS 169 14 0 15 100 4217 FINANCIAL AUDIT 9,336 5,443 5,659 8,843 5,500 4219 DUES & SUBSCRIPTION 1,280 2,578 3,172 2,647 3,500 implement cost savings 4220 MISC SERVICES 793 521 487 0 200 4260 FRINGES - LIFE INSURA 676 430 624 411 650 4261 FRINGES - DISABILITY 1,825 1,897 1,902 1,527 2,100 4262 FRINGES - PERS 3,504 4,909 7,641 9,669 13,500 3% increase 4263 FRINGES - MEDICAL 17,314 22,083 22,591 15,061 22,000 4264 FRINGES - L & I 2,920 2,317 3,975 1,590 2,800 4265 FRINGES - MEDICARE 2,654 2,694 2,458 1,737 2,700 4266 FRINGES - UNEMPLOYN 9,690 0 0 0 0 4269 FRINGES - CASH IN LIR 13,739 14;557 10,366 7,871 13,000 FILENAME: 2008 Budget PAGE 9 OF 13 Yakima Air Terminal - McAllister Field Page 10 2008 Budget 2004 2005 2006 2007 YTD 2008 ACTUAL ACTUAL ACTUAL 9/30/07 BUDGET COMMENTS 4283 ADM EXPENSE - GAS 450 612 730 475 800 4286 WATER 235 134 204 144 250 4287 ADM EXPENSE SIED LOA 0 0 0 10,985 see below - major projects 4299 MISC EXPENSE 963 1,265 1,453 779 1,200 SUB TOTAL - ADMINISTRATIC 101,154 93,838 96,013 87,147 101,500 TOTAL ADMINISTRATION 338,835 339,789 334,982 273,222 399,300 V. ADMINISTRATION EXPENSES: A diligent cost saving effort has been impletmented on individual line items of the total operating budget to bring and/or keep expenses in line. One FTE has been added to Administration for increased work load COMMERCIAL EXPENSES: 4309 BLDG R & M 293 100 0 0 500 4312 R & M 1,245 119 362 512 1,000 4315 CONTRACT REPAIR 358 108 0 68 100 4380 POWER 0 0 42 0 0 4383 GAS 0 0 536 0 0 4386 WATER/SEWER 1,885 2,106 2,249 1,481 2,200 4399 MISC EXPENSE 55 36 69 87 100 TOTAL - COMMERCIAL 3,836 2,469 3,258 2,148 3,900 FILENAME. 2008 Budget PAGE 10 OF 13 Yakima Air Terminal - McAllister Field Page 11 2008 Budget 2004 2005 2006 2007 YTD 2008 ACTUAL ACTUAL ACTUAL 9/30/07 BUDGET COMMENTS VI. COMMERCIAL EXPENSES These expenses are incurred on properties leased to non -aviation tenants. INSURANCE EXPENDITURES: 4400 INSURANCE 38,723 34,941 34,820 41,679 66,000 TOTAL - INSURANCE 38,723 34,941 34,820 41,679 66,000 FILENAME: 2008 Budget PAGE 11 OF 13 Yakima Air Terminal - McAllister Field Page 12 2008 Budget 2004 2005 2006 2007 YTD 2008 ACTUAL ACTUAL ACTUAL 9/30/07 BUDGET COMMENTS MAJOR PROJECTS & PURCHASES: 2004 MAJOR PROJECTS & PURCHASES 1701 2004 - NEW COMPUTER; 16,681 1702 2004 - CARPET SCRUBBI 4,956 1703 2004 - NEW ROOF / 2406 12,179 1700 2005 RICHARDSON AREA CLEANUF 10,006 0 1701 2005 NEW OFFICE FURNITURE 985 0 1702 2005 2005 Air Services (Ticket Lift) 20,974 577 1704 2005 NEW COMPUTERS 3,135 0 1705 2005 MOVING EXPENSE - BUCK 3,815 0 1710 2006 POWER - SOUTH SIDE 6,947 1711 2006 1816 S 24TH AVE IMPROVE 2,016 1712 2006 AIRFIELD CONTROL . 2,164 1714 2006 REIMBURSE FAA - 16 AVE ACCESS 18,038 1715 2007 restaurant improvements 1716 2007 Tires for case tractor 1717 2007 AIRFIELD WEED CONTROL 1718 2007 FIRE TRUCK REPAIR 1719 2007 O'DELL ASPHALT REPAIR • RUNWAY & TAXI -WAY REPAINT 2006 MAJOR PROJECTS & PURCHASES RUNWAY & TAXI -WAY REPAINT LOAN PAYBACK FOR SIED TIRE FOR CASE TRACTOR 18,414 6,760 2,164 15,111 6,816 14,800 TOTAL MAJOR PROJECT; 33,816 38,915 29,742 64,065 0 FILENAME: 2008 Budget PAGE 12 OF 13 Yakima Air Terminal - McAllister Field Page 13 2008 Budget 2004 2005 2006 2007 YTD 2008 ACTUAL ACTUAL ACTUAL 9/30/07 BUDGET COMMENTS 2008 MAJOR PROJECTS & PURCHASES NEW COMPUTER - JERRY + ASSESSORY UPDATES 3,500 SEID LOAN PAYBACK TO CITY 10,985 REPLACE COPY MACHINE - ADMIN 12,000 TRACTOR/MOWER 48,000 PICK-UP - MAINTENANCE CREW 26,000 VEHICLE MANAGER 38,000 GOAT VAC - TERMINAL 2,500 Option Payment - Congdon 6/1/08 5,000 REPLACE TIRES FOR MAINTENANCE VEHICLES 3,000 RUNWAY & TAXI -WAY REPAINT 15,000 VIII. MAJOR PROJECTS & PURCHASES: This category shows operating and capital projects and equipment purchases funded with operating .revenues. We have prioritized equipment that needs to be funded this year, however, we feel it is prudent to wait until mid -year to compare actual revenues against projections. If actual revenues meet or exceed expectations, we will amend the budget to include these capital expenses. FILENAME: 2008 Budget PAGE 13 OF 13 2008 AIP and PFC Budget YAKIMA AIR TERMINAL - McALLISTER FIELD 2007 - 2008 AIP AND PFC BUDGET AIP PFC AIP PFC 2007 AIP 2007 AIP 2007 PFC PRIOR YRS PRIOR YRS DESCRIPTION ID # ID # PENDING APPROVED APPROVED RECEIVED SPENT SPENT RECEIVED SPENT Obstruction Removal 9 26,248 65,000 84,118 7,130 Crack Seal 9 75,000 68 6,939 Charlie Stub Taxiway 26 11 15,297 192,699 10,194 12,000 155,871 195,996 Aviation Demand Forcast 26 11 1,209 22,973 22,973 24,183 Runway 22 Approach 27 11 7,663 145,591 23,800 535 105,975 535 16th Ave Relocate 27 11 32,824 664,149 137,917 82,345 4,334 26,602 Runway Length Analysis 11 15,000 16th Ave Relocate 11 300,000 Security ID System 11 90,000 Taxiway Guidance 11 250,854 Crack Seal 11 75,000 TOTAL PENDING & APPROVED TOTAL RECEIVED TOTAL SPENT RECEIVABLE EXPECTED BALANCE TO COMPLETE 814,095 1,025,412 140,000 171,911 94,345 89,054 311,421 234,782 1,979,507 483,332 418,181 1,496,175 1,561,326 COMMENT: Some of PFC #11 that is listed as Pending Approval, will be completed in 2009 or 2010. BUSINESS OF THE CITY COUNCIL YAKIMA, WASHINGTON AGENDA STATEMENT Item No. q For Meeting of 11/20/07 ITEM TITLE: Consideration of Joint Resolution for Approving the Yakima International Airport - McAllister Field 2007 Budget Amendment #1 and approving the.2008 Budget. SUBMITTED BY: Dick Zais, City Manager CONTACT PERSON/TELEPHONE: Buck Taylor/575-6149 SUMMARY EXPLANATION: Attached for your review, consideration and ratification is a joint resolution of the City of Yakima and Yakima County, approving the Yakima International Airport - McAllister Field 2007 Budget Amendment #1 and 2008 Budget. These documents are forwarded to you from the Yakima Air Terminal Board (YAT) urging the City Council's adoption and approval of their request for the 2007 budget amendment #1 and 2008 budget. The Yakima City Council and Yakima County Commission have joint budget authority of the Yakima Air Terminal. Consideration and ultimate adoption of the Yakima Air Terminal budget by both bodies is a requirement of the joint agreement concerning operation of the Airport. A point of significance in the 2008 Budget is the absence of Stormwater fees. Airport staff reported that they would do a budget amendment when the amount is known. 2007 ending cash reserves in the operating fund are about 8% of the operating expenditure amount X Resolution Ordinance Contract Other (Misc. Information) Funding Source APPROVED FOR SUBMITTAL City Manager STAFF RECOMMENDATION: Council to adopt, amend, or remand as appropriate. BOARD/COMMISSION RECOMMENDATION: Yakima Air Terminal Board recommends approval COUNCIL ACTION: