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Home My WebLink About4/23/2024 - Roanoke Regional Airport Commission - RRAC FY24-25 Operating Budgetj '· ROANOKE REG IONAL AIRPORT COMMISSION Roanoke-Blacksburg Reg ional Airport 5202 Aviation Drive Roanoke . VA 24012-1148 (540) 362-1999 FAX (540) 563-4838 www.f lyroa.com April I 0, 2024 Honorable Chair and Members Roanoke County Board of Supervisors PO Box 29800 Roanoke, Virginia 24018-0798 RE : Roanoke Regional Airport Commission Fiscal Year 2024-2025 Budget and Proposed Capital Expenditures Dear Chair North and Members of the Board: It is with pleasure that I enclose the RRAC Fiscal Year 2024-2025 Operating Budget (Attachment I) for your consideration and approval. This Budget was adopted by the Commission at its meeting on March 26, 2024 . Also enclosed is a separate listing of Capital Expenditures which are expected to exceed $ I 00,000 in cost and are intended to benefit five or more future accounting periods (Attachment 11). No deficit is anticipated in either the Operating Budget or the listed Capital Expenditures; therefore, no additional appropriations are being requested or anticipated from the Cities of Roanoke or Salem, or the County of Roanoke. Formal approval of the Operating Budget and the Capital Expenditure List by resolution of each of the participating subdivisions would be appreciated . I will be glad to respond to any questions or comments that you may have with regard to this matter. On behalf of the Commission, thank you very much for your assistance and continued support of the Roanoke-Blacksburg Regional Airport and its vital role in the economic vitality of our entire region . Sincerely, Mi~ Executive Director Enclosures cc: Chair and Members, Roanoke Regional Airport Commission Eric Monday, General Counsel Richard Caywood , County Administrator Peter Lubeck, Roanoke County Attorney Rhonda Perdue, Chief Deputy Clerk to the Board, Roanoke County Board of Supervisors Roanoke Regional Ai'port Comml11ion Budget Executfve Summary PropoNd Budget FY 2!5 vt. Actual Budget FY 24 Annual Budget PropONd Budget FY24 FY25 Openillng Rewnuea Alrlleld 1,513,000 1,571,000 General Aviation 733,000 854,500 TennlnalRelat-1 8,371,5,,M 7,1123,8!10 oa.rR.wnuee 1,3811,000 1 ,"'8',000 lnllrnl on lm,eslm.,.. ue1 ,ooo 1,747,000 Galnl(LoN) on SIie of Aa.-10,000 10,000 S-.F...-310,000 310,000 F ...... Rembul'Nblll Funds 113,000 119,000 PandemlD Qfantl 4800000 . Total Operdng ~UN 18,700,5-44 13,819,350 Opetwtlon9 11111 MlintllMnoe i!llpenlN Slllrlet, Wagee and a.n.ftll 7 ,020,542 1,ns ,m Operating !JpendlluNe 4,17t,205 -4,1152,900 Oller Mainttnance I lmprowmen1 Pro.tecta 155,178 44,300 Debt Service • lnllreat 391,0M MOOO TCICII Operdona and Maln•n.,c:e Elcp911M1 11,753,82 1 12,121,131 Operating Net Income 41M8n3 1191.Z11 Clpllal~nUN F ..... I AIP lnllllementa 5,850,000 1,100,000 Fedenll BIL Entllemenll 5,547,174 Slael lEntllllnnll • Currant 1,780,000 1 ,780,000 Slilt9 EntllllrMnll • Prlo( v .. 11,023,150 2,497,170 PQMnger Facility Cha,gn (PFC) 1,951,100 719,3U Other Fundl • ONt -7,000,000 Retained e.mlnga 802 500 799,311 Total Caplllll Rewnuet 18,393,750 20,124,143 CapltalE,ipenta Capital Projeca 18393.750 20124,143 Total Capital Pro;.cta 18,393,750 20,124,143 Customer Fadllty Chargn R.-iues 828,538 7119,182 e,.,.n .. 83,250 33,214 Debt Sefvlce -lntarelt • CONAAC 1118 475 18711-M CFC Net Income 430083 80111138 !18 ,000 4% (78 ,500) -11% 1,552 ,306 24% ff ,000 7% 88,000 !1% . 0% . 0% 8.000 5% (4800 000\ -100% (2,881 ,194) •17% 754 ,7117 11% rn ,215 19% (111 ,171) -n" (342.0M'I -88% 1 ,074,318 9% 13.-.51lJ -IIO'!I (4 ,050 ,000) -39% -0% (3,525,280) -611% (1 ,238,112) -33% 7,000,000 -100'-' (3,111) 0% (1 ,117,181) -11% 3,730,393 23% 3,730,393 23% 187,845 27% (19,1186) -37% (101131) -6% 178578 42% ROANOK E R EGIONAL AIRPORT COMMISSION REVENUE PROJECTIONS FISCAL YEAR 2025 Actual ~ ~u• 2024 2024 Propoffd lhru f'rojected 8udu-ted •udt« 12/31/23 Rrienuff Rft'M41• RrltnUN --.. "' c«n~ Camert 921,241 1,019 ,119 IM,000 1,m,000 c.,go c.mm 111,851 :J48, 146 37t,OOO "'8,000 Ca,goRampA.,1CIII 11,811 143,~ 1,1 .000 141,000 Toa/Allfltlld 7&U26 t eM.09' 1.t1:I .OOD Ull11 MIi -. - leuilding I Hangar Rental 2n . .ae N3,913 '71,000 538,eoo IL.and~ 13,313 21U21 30,000 23,400 ::_, __ Ctw,ge ~ lncrNN . I . -=uei&OII..._ 17,811 33,011 tt,000 82,000 ~lngF .. 13,211 3CU18 N,000 2t,000 iR,mp & Tie Down F ... 2,728 , .. t,000 .. ~ TOlllla.n.lllAWtlllotl 32,41121 .... aa1 n:1111111 M£- - --,_ ~rflne Tarminal ~ -551 ,ffl 1,381.954 Nt,000 1,m,000 ~C•ConceNlon 1,091,395 2,0103'4 , ••. 21, 2,IIN,000 ~ lw & Cmc:111ion Rentaf9 21U,315 IOG,213 •.m .... ,000 IP■rklng Lot 1,eeu22 3,120,Na 3,234,100 3,880,IIIO TOflll T.,,,,,,,., ~ 3 •• IWI 1JITl2lj A.37111.M 1~- n,,,.,- [Other Building Renllu 813,4&4 1,371,437 1,180,000 1,257,000 INon-,Aviatlon Land R9ntalt 100,tee 190,000 193,000 215,000 ~r F ... and Mllcellan.ous Income 5,936 11,339 18,000 12,000 Tolal Oltw R~ no.-1.572178 1.311.0IIO 1'8-4000 .. .. - Interest on ,,,.,,_,,.ntl 1,02-4,930 2,0-4U80 1,881 ,000 1,747,000 Gain/(1.ou) on Sale of A...c. 10,000 10,000 State Entitlement Grant Funds 119,818 309,832 310,000 310,000 Federal Reimbursable Funda--TSA (LEO) lli,2&4 119,921 113,000 119,000 Pandemic Grante 4 ,10-4,338 4,332,338 4 ,1100,000 . Total Non-o,,e,.tlng 1'.wnu .. 5 308 3-48 ee1Hu Ul4000 2 .181SMl'l TOTAL~U!I 1D,i83,it7 18,213 ,583 18.700,544 13,819,350 Percentage c .... lnenat ,0ec,...., U'6 ... ,,. -2.e,- :1,14& .73% •22 ,0% 100.,w, ◄-•~ ◄.3% -~-~ .. - ·10.~ 75.1" 22.0'Jli 0.1% 14.1" zu" e.~ 11 .4% -29.0'4 U% 8.2% 0 .0% 0 .0% 5.3% -100.0% .JM'411. -17.3% Ground Tram. °" Lease & Concession 3" RRAC FY 25 Revenue Budget other 5" Airllne ROANOKE REGIONAL AIRPORT COMMISSION r- OP!RATJNG EXPENSE BUDGET FOR Apv,gwed ludt,9t l'fopoHd ludgel Jlnc (Dec) I ,. lllc fO.C) l"YM l'Y21 FY 25 Pl!,-IONN!L ll!JMCl!S: REGULAR SAI.AAIES $4,486,737 $!, 021 ,29'f I ,~.&51 11 .9%, OVERTIME WAGES "9,500 170,086 S10,SGS I 11.a%1 HA LF-TIME WAGES '22.107 $23,918 $1,809 8.2%1 INCENTIVE PROGRAM to to to ' 0 ,0%1 OEFERREO COMPENSATION-ER MATCH S30,550 '31 ,200 te50 2.1% RETIREMENT ue1 ,1•1 ,1.021,212 $70 ,126 7 .... % FICA $364,23,4 .-.201 $41 ,WT 11 .8% HEAl. TH INSURANCE $922,7,42 t1,009,293 tae,!!1 9.4% RETIREE HEAL TH 'INSURANCE te ,500 $4 ,000 ($4 500 ) -!2 .9% LIFE INSURANCE see,012 tei ,215 $4 ,143 8.4% LONG TERM OtSASILfTY INSURANCE t1e,302 t18,474 ,2 ,112 13.3% 10 SHIELO/LEGAL SHIELD 110,188 $7 ,5~ ($2 ,61 6 ) -25.7% PAID LEAVE S94.◄86 1102,859 $8 ,37-4 8.9".4 OPERATING EXPENSES: PROFEMIONAL 8!fMCl!S! FINANCIAL AUOIT $48,700 $43,500 ($3 ,200) -8.9% CONCESSIONS & INTERNAL AUDIT $10,000 $5,000 ($5 ,000) -50.0% FINANCIAL CONSULT ANTS $8,500 $2,500 ($6 ,000) -10.e% HR CONSULTANTS $4,000 $4 ,1 00 $100 2.5% TRAINING CONSULTANTS $11,000 $10 ,300 ($700) -8.-4% LEGAL SERVICES ,0 so to 0.0-.4 EMPLOYEE ASSISTANCE PROGRAM $700 $720 S20 2.SI% PASSENGER SURVEYS so so so 0.0% A&E FEES $20,000 $40 ,000 $20,000 100.0% EPA CONSULTANTS & TESTING $4,500 $7,000 $2,500 55.6% TEMPORARY EMPLOYMENT S9,000 $9,000 $0 0.0% OTHER PROFESSIONAL SERVICES $216,800 S259 ,aae $43 ,188 19.V"h IT SUPPORT SERVICES $208 ,770 $20-4 ,&39 ($2 ,131 ) -1.0% TOT AL PROFESSIONAL SERVICES H37 0 1111741 $41.771 1.1% ARFF St!RVICES: DISASTER TRAINING $18,060 $11 ,000 ($5 050 ) -3 1.5% FOAM $0 $2,000 $2 ,000 0.0% TOTAL ARFF SERVICES $16 080 $13 000 $3 ,050t •11.0% 1 Of 5 ROANOKE RE-GIONAL AIRPORT CO MMISSIO N OPERATING EXPENSE BUDGET FOR FY 25 UTILfTIES : TELEPHONE ANO WIRELESS SERVICES COMMU NICATIONS SEfMCU ELECTRICITY NATURAL OAS WATER & Sl!WER STORMWATEA UTILITY FEE TOTALUTLfflU l'AClf.lTtU MAIHTl!NANCI: HVAC MAINTENANCE FACILITY MANAGEMENT 8YS'TEM MAINTENANCE FIRE SPRINl<LER IYITEM MAINTENANCE FIRE .ALARM IYSTEM MAINTENANCE ELEVATOR/ ESCALATOR MAINTENANCE AUTOMATIC DOOR MAINTENANCE LOADING BRIOGE MAINTENANCE BAGGAGE SYSTEM MAINTENANCE SECURITY ACCE818YSTEM MAINTENANCE BUILDING REPAIR & REPLACEMENT EMERGENCY GENERATOR MAINTENANCE PesTCONTROL WINDOW & PANEL CLEANING WALL COVERIN GS ANO PAINTING ~MINAL LIGHTING TOTAL FACILrflES MAINT!NANC E AUTO FUEL OIESELFUEL TOTAL FUEL !QUIPMENT MAINTENANC!: VE HICL E MAINTENANCE SHUTTLE BUS MAINTENANCE TRACTOR & MOWER MAINTENANCE AR FF VEHICLE MAINTENANCE SNOW REMOVAL EQUIPMENT MAINTENANCE S39.~ S15 .~ $403,500 $186 ,500 170,!00 $219,-400 sea.ooo S39,500 .. ,500 .. ,900 '2-4,!00 sa,ooo '7,500 ,12,000 $10,000 t!1 ,!00 ... 800 S2,!00 $0 S1,300 te,1500 $40,000 150,00CJ $90 ,000 S12,000 t1 ,000 t15,000 t20,000 S20 ,000 tae,758 "64 sse&.322 $118,257 sao.eoo $258 ,-400 s 1.aaa.101 S78,3&4 '47,800 M,100 '7,750 m,110 N ,200 '7 ,800 t10,000 11,eeo '54,120 '7,530 '2 ,380 t15 ,000 9750 S3,eao '271024 '28 ,000 s1e.ooo $44,000 S12 ,850 $1 ,000 $7 ,850 S30 ,000 s1e ,200 t Inc: !Deel ($2 ,692 ) ($15 ,286 ) $181,122 ($67 ,243 ) S10,300 '39,000 113,38' S,,100 teOO ($750) 11,870 '200 to ($2 ,000) ($8,140) '2,820 ($970) ($120) 115,000 ($550) ($2,820) ($12 ,000) ($34,000) ssso $0 ($7,150) S10,000 ($3 ,800) RADIO REPAIR & REPLACEMENT $30,500 $41 ,322 $10 ,822 CUSTODIAL EQUIPMENT "EPAIR / REPLACE S10 ,000 $10 ,200 S200 TELEPHONE SYSTEM MAINTENANCE $1 ,225 S1 ,2~ seo COP IER MAINTENANCE $5 ,800 se .~o $2 ,700 OFF ICE EQUIPMENT MAINTENANCE SS ,500 SS ,500 $0 OTH ER EQUIPMENT MAINTENANCE $13,000 $11 ,180 ($' ,820 ) -e.8% •H .4% 45 .1% •3e.2% 14.8% 17.8% 21 .~ 20.5% 7.1% -I.ft e.1% 4.0% 0.0% ·18.7% -81 .4% 6.1% ·11.4% ◄.8% 0.0% ◄2.3% --43.4% -51 .1% 7.1% 0.0% -47.7% 50.0% ·19.0o/o 35 .5% 2.0% 4.9% 48.8% 0.0% -1 4.0% !--------,,,,..,,.,,,---=""" __ ~--=---=---=-=--------=-==-==:i---..,,.,..,~=+--~..,..,..-:=:1'---~:-:-1 ,__ ___ TOTAL EQUI PME NT MAJNTE=:N.:.:.A.::.N;..:C=E'--__ ___.__~S=13=7A,::,,0=25,...__-"'S-'--141='=•'1=17_.___~l'-,;..11='·• .... e __ 2.,__ ____ l """,~....a.,Yo l OF 5 ROANOKE REGIONAL AJRPORT CO M MISSION App,-oved a&M11191 ,rapCIHCI ludi,at I OPERATING EXPENSE BUDGET FOR nu ,-,u 1 , ,nc (Dec) % Jt,c (Dec ) FY 25 ,.11.000 I ,11,.500 IN9-UAANCE LIAS ILITY INSURANCE t14,eoo 14,8% PROP ERT Y INSURANCE I $,4,000 3.2% s12e.000 1 t13o.ooo VEHI CLE INSURANCE '40,000 S2-4 ,500 ($15 500 ) ·38.8% PUBLIC OFFICIAL.! LIAB ILITY 136,000 t32,000 crJ ooo , -8 .6% WOR KER COMPENSATION '43,000 -~.500 ($9 500 1 ·19 .8% TOTAi. INIUAAHCE $8 500 •2.1% MJSCl!LLANl!OUI: IA0 OEST EXPENSE so so so MISCELLANEOUS CLAJMS ANO REFUNDS $0 so so PURCHASE DISCOUNTS so so so PARKJNG LOT EXPENSES $630,000 S778,2k $148,2k 23.e% TOTAL. MISC!LLANIOUS 23.1% OPl!RATINO CONTINGENCY O.o% OTHER MAINTENANCE & IMPROVEMENTS PROJECTS OTHI!,. PROJECTS $77 ,500 $2 ,500 ($75,000 ) -96.8% FURNITURE so $0 $0 0.0% TRACTORS la MOWERS so $0 $0 100.0% VEHICLES la EQUIPMENT $78 ,478 $41 ,800 ($36 .678 1 ~.7% TOTAL. OTHER MAINTENANCE & I OVE PROJECTS •71.1% DEBT ll!IWICE · INTE"21T -t2 .1% 1.3% TOTAL DEBT SERVICE· PRINCIPAL & INTEREST $485 488 1 $294 ,943 1 (11 90 545 )! -39 .2%!