COMPREHENSIVEANNUALFINANCIALREPORT

Transcription

COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE YEARS ENDED APRIL 30, 2013 AND 2012
Kansas City Aviation Department
An Enterprise Fund of the City of Kansas City, Missouri
For the years ended April 30, 2013 and 2012
For the
Kansas City Aviation Department
An Enterprise Fund of the City of Kansas City, Missouri
Prepared by
John Green, CPA, Chief Financial Officer
Fred J. O’Neill, Finance & Accounting Manager
Danelle J. Harrison, General Ledger Manager
Finance and Accounting Staff
GOVERNANCE
Kansas City (the City) is a constitutionally chartered city and political subdivision of the State of
Missouri, incorporated on June 3, 1850. The City is the central city of a fifteen-county Metropolitan
Statistical Area (MSA) situated at the confluence of the Kansas and Missouri rivers.
The City is governed by a city council comprising a
mayor and twelve other elected members. The City
Council is elected to four-year terms of which only
CITY OF KANSAS CITY,
MISSOURI
two terms may be consecutive. The Mayor and six
MAYOR:
of the council members are elected at large and six
Sylvester James
council members are elected by the residents of
their districts. The City Council is responsible for
establishing the City’s policy and overseeing the
City’s affairs.
The Mayor appoints members of the City Council to
serve on the City’s Transportation and Infrastructure
Committee.
This committee performs in-depth
reviews of proposed Aviation Department legislation
and objectives.
Subsequent to the review of
department legislation, the committee will forward a
recommendation to the full City Council for
approval.
CITY COUNCIL MEMBERS:
District Council Members:
District 1 – Dick Davis*
District 2 – Russ Johnson**
District 3 – Jermaine Reed*
District 4 – Jan Marcason
District 5 – Michael Brooks
District 6 – John A. Sharp
Council Members-at-Large:
District 1 – Scott Wagner
District 2 – Ed Ford
District 3 – Melba Curls*
District 4 – Jim Glover
District 5 – Cindy Circo
District 6 – Scott Taylor
*Transportation & Infrastructure Committee member
**Transportation & Infrastructure Committee chairman
CITY MANAGER:
The City Council is also responsible for appointing
the
City
Manager
who
is
responsible
for
implementing the policies approved by the City
Council.
The City Manager appoints and has
oversight responsibility for the Director of Aviation.
Troy Schulte
The Director of Aviation (the Director) is responsible for the operation and maintenance of the Department’s
two airport facilities: the Kansas City International Airport (MCI) and the Charles B. Wheeler Downtown
Airport (MKC), and a portion of the Richards-Gebaur Intermodal Transportation Facility (formerly
Richards-Gebaur Memorial Airport). The Director is also responsible for department staffing requirements
and operates the department via nineteen divisions. Each division manager is responsible for budgeting and
overseeing the daily operations of his/her respective division. 
DEPARTMENT OF AVIATION
DIRECTOR
Mark D. VanLoh, A.A.E.
DIRECTOR:
DEPUTY
DIRECTORS
Mark
D. VanLoh,
A.A.E.
Ian Redhead, C.M.
DEPUTY&DIRECTORS:
Ian Redhead, C.M.
Operations
Maintenance
Operations & Maintenance
David Graham Long, A.A.E.
Properties & Commercial Development
Philip
Muncy,PEPE
John Green, CPA
David Graham Long, A.A.E.
Phil Muncy,
Planning
&
Engineering
Chief Financial Officer
Properties & Commercial
Planning & Engineering
John Green, CPA
Ian Redhead, C.M.
Operations & Maintenance
DIVISION MANAGERS
Mark VanLoh, Administration
David Bowen, MCI Operations
Fred O’Neill, Finance & Accounting
Chuck Marks, Airport Police
Ed Kline, Purchasing & Warehouse
Rich Weems, Field Maintenance
David Jacobus, Information Technology
Mitch Cox, Fleet Maintenance
Philip Muncy, Planning & Engineering
Cynthia Williams, Facilities-Custodial
Alicia Williams, Human Resources
Henry Linch, Facilities-Structural
Thomas McKenna, Marketing
Shirley Winn, Bus Operations
David Long, Commercial Development
Sabrina Largen, Environmental Mgmt.
Katy Sell, Parking Services
Veronica Watson-Perkins, Safety
Michael Roper, Downtown Airport (MKC)
City of Kansas City, Missouri Department of Aviation
Comprehensive Annual Financial Report
Years Ended April 30, 2013 and 2012
Table of Contents
Introductory Section
Letter of Transmittal ............................................................................................................................ I
Certificate of Achievement for Excellence in Financial Reporting ................................................. VII
Organizational Chart ..................................................................................................................... VIII
Financial Section
Independent Auditor’s Report on Financial Statements
and Supplementary Information ................................................................................................. A-1
Management’s Discussion and Analysis ........................................................................................ A-4
Basic Financial Statements
Statements of Net Position ...................................................................................................... A-16
Statements of Revenues, Expenses and Changes in Net Position ........................................... A-18
Statements of Cash Flows ....................................................................................................... A-19
Notes to Financial Statements ................................................................................................. A-21
Statistical Section
Financial Trends
Schedule of Historical Net Position and Cash Flow Information ............................................. B-1
Schedule of Historical Revenues and Expenses ........................................................................ B-3
Schedule of Statements of Cash Flows ..................................................................................... B-5
Schedule of Unrestricted and Restricted Cash and Investments ............................................... B-7
Revenue Capacity
Schedule of Revenues, Expenses and Changes in Net Position by Facility .............................. B-9
Schedule of Grants .................................................................................................................. B-10
Schedule of Highest Paying Customers .................................................................................. B-11
Schedule of Most Popular Destinations .................................................................................. B-12
Schedule of Non-Stop Destinations ........................................................................................ B-13
Schedule of Passenger and Cargo Airlines.............................................................................. B-14
Schedule of Airline Service..................................................................................................... B-15
Debt Capacity
Schedule of Ratios of Outstanding Debt, Debt Service and Debt Limits................................ B-17
Schedule of Historical General Airport Revenue Bond Debt Service Coverage .................... B-19
Schedule of Annual Passenger Enplanements......................................................................... B-21
Schedule of Monthly Enplanements........................................................................................ B-22
Schedule of Changes in Monthly Enplanements vs. U.S. Domestic Monthly
Enplanements ...................................................................................................................... B-23
Schedule of Airlines Market Share ......................................................................................... B-25
Schedule of MCI Aircraft Operations ..................................................................................... B-29
Schedule of Enplaned Cargo ................................................................................................... B-30
Schedule of Commercial Aircraft Landed Weight by Airline................................................. B-31
Schedule of Commercial Aircraft Landings ............................................................................ B-35
Schedule of Annual Parking Revenue by Facility ................................................................... B-39
Schedule of Historical Airline Cost Per Enplaned Passenger ................................................. B-40
Schedule of Total Airport System Revenue and Expenses ..................................................... B-41
Schedule of Historical Operating and Maintenance Expenses ................................................ B-43
Schedule of Historical Revenues ............................................................................................. B-45
Schedule of PFC Revenues ..................................................................................................... B-47
Schedule of PFC Bond Sufficiency Covenant ........................................................................ B-48
Demographic and Economic Information
Schedule of Population............................................................................................................ B-49
Schedule of Principal Employers ............................................................................................ B-50
Operating Information
Schedule of Rates and Charges ............................................................................................... B-51
Schedule of Parking Rates....................................................................................................... B-52
Schedule of Facility Information ............................................................................................. B-53
Schedule of Operating Expenditures by Division ................................................................... B-54
Schedule of Full-Time and Equivalent Employees by Division ............................................. B-58
Schedule of Assets Capitalized ............................................................................................... B-59
Schedule of Construction in Progress ..................................................................................... B-60
Compliance Section
Independent Auditor’s Report on Compliance with Requirements That Could
Have a Direct and Material Effect on the Passenger Facility Charge (PFC) Program
and on Internal Control Over Compliance in Accordance with the PFC Audit Guide
for Public Agencies and on the Schedule of PFC Funds Collected
and Expended ............................................................................................................................. C-1
Passenger Facility Charge (PFC) Program
Schedule of PFC Funds Collected and Expended ..................................................................... C-4
Notes to Schedule of PFC Funds Collected and Expended ....................................................... C-5
INTRODUCTORY SECTION
THIS SECTION CONTAINS THE FOLLOWING SUBSECTIONS:
LETTER OF TRANSMITTAL
PRESENTATION OF COMPREHENSIVE ANNUAL FINANCIAL REPORT BY THE DIRECTOR OF AVIATION
CERTIFICATE OF ACHIEVEMENT FOR EXCELLENCE IN FINANCIAL REPORTING
CERTIFICATE OF ACHIEVEMENT FOR EXCELLENCE IN FINANCIAL REPORTING PRESENTED BY THE
GOVERNMENT FINANCE OFFICERS ASSOCIATION (GFOA)
ORGANIZATIONAL CHART
ORGANIZATION OF THE DEPARTMENT OF AVIATION MANAGEMENT
October 31, 2013
Honorable Mayor and City Council Members,
City of Kansas City, Missouri;
Mr. Troy Schulte, City Manager,
City of Kansas City, Missouri;
Citizens of Kansas City; and
Fellow Employees:
I hereby present this Comprehensive Annual Financial Report (the Report) of the Department of
Aviation (the Department) for the City of Kansas City, Missouri (the City).
State law requires that all political subdivisions publish an annual report of financial transactions. This
report is published to fulfill that requirement for the fiscal year ended April 30, 2013. The independent
accounting firm, BKD, LLP, whose report is included, has issued an unmodified (clean) opinion on the
Department’s financial statements for the years ended April 30, 2013 and 2012. The independent auditor’s
report is located at the front of the financial section of this report. The independent accounting firm also
conducted an audit of compliance as required by Section 14 of the Code of Federal Regulations (CFR) Part
158, Passenger Facility Charges.
This report was prepared by the Finance and Accounting Division of the Department, which is committed
to the accurate disclosure of reporting to the City Council and citizens of the City.
The financial statements and statistical information contained herein are representations of the
Department’s management, which bears the responsibility for the accuracy, completeness, and fairness of
this report. To the best of my knowledge, these representations are accurate in all material respects.
INTERNAL CONTROL
The Department’s internal control structure is an important and integral part of its entire accounting system.
The current structure in place is designed to provide reasonable, but not absolute, assurance that:
1. Assets are safeguarded against loss from unauthorized use or disposition;
2. Transactions are executed in accordance with management’s authorization;
3. Financial records are reliable for preparing financial statements and maintaining accountability for
assets; and
4. There is compliance with applicable laws and regulations.
I
The concept of reasonable assurance recognizes that the cost of the control should not exceed the benefits
that are likely to be derived from them, and that the evaluation of costs and benefits requires estimates and
judgment by management.
I believe that the Department’s internal control framework adequately safeguards assets and provides
reasonable assurance and proper recording of financial transactions. Management also believes that the
data in this Report, as presented, is accurate in all material respects; that it presents fairly the financial
position, results of operations and cash flows of the Department; and that all disclosures necessary to
enable the reader to gain maximum understanding of the Department’s financial affairs have been included
herein.
The reader is encouraged and reminded that the Management’s Discussion and Analysis (MD&A)
beginning on page A-4 is a narrative representation of the past year’s financial results and should also be
read with this letter.
PROFILE OF THE DEPARTMENT OF AVIATION
The Department of Aviation (the Department) is a department of the City and commenced operations
concurrent with the dedication of the Kansas City Municipal Airport, now the Charles B. Wheeler
Downtown Airport, on August 17, 1927 by aviation legend, Charles Lindbergh. The Department now
oversees operations at the Kansas City International Airport and the Charles B. Wheeler Downtown
Airport.
Kansas City International Airport
The Kansas City International Airport (MCI or KCI) is located 18 miles north of downtown Kansas City,
Missouri, and is comprised of 10,680 acres. MCI officially opened on November 11, 1972 and serves as
the primary passenger air carrier airport. MCI has three fully instrumented runways and a full complement
of parallel taxiways that are capable of handling any aircraft in service today. To accommodate all
passengers, the airport has three passenger terminals that have a total of over one million square feet with
66 boarding gates and 48 passenger boarding bridges. Each of the three terminals includes a full
complement of offices, food and beverage concession areas, restrooms, news and gift shops, departure
lounges and baggage handling facilities. The airport has 25,471 parking spaces to accommodate vehicles
for airport visitors.
Charles B. Wheeler Downtown Airport
The Charles B. Wheeler Downtown Airport (MKC) formerly served as the City’s air carrier airport prior to
MCI’s opening in 1972. The airport is conveniently located across the river from the downtown area and is
comprised of 697 acres, approximately the same size as when it was dedicated in 1927. The airport
currently services the general aviation community as a reliever airport with one fixed base operation,
hangar, tie-down, fueling station, maintenance aircraft rental and charter and training services. The airport
is also home to an aircraft museum named after TWA.
BUDGETING
Department management recognizes the importance of proper and accurate budgeting. To this end, the
Department annually creates a budget and submits it to the City Council for approval. Department control
of the budget is maintained using encumbrances. To assist management with budget monitoring, a report
of year-to-date actual vs. budgeted amounts is prepared monthly and distributed to all division managers.
II
LOCAL ECONOMY
Kansas City, Missouri, is the most centrally located principal city in the United States of America. Such a
logistically favorable location has allowed the City to flourish as a location for transportation-related
industries and companies, as evidenced by the decision of 10 passenger air carriers, 2 major cargo air
carriers, 5 first-class railroads and well over 100 truck-lines. Within a three-hour flight, one can be in any
one of the 50 major cities in the “lower 48.” Not only is the City served by air, but it is served on the
ground as well. The City boasts one of the largest railroad hubs in the world and is also the headquarters
for Kansas City Southern Railroad. Located in the heart of America, the City is well suited for truck
transportation and is the headquarters for YRC Worldwide (formerly known as Yellow Roadway
Corporation) as well as twelve of the Fortune 1000 companies.
Historically, the City has pursued a policy of annexation, and today is the 23rd largest city in land area in
the United States of America with a total area of approximately 313.5 square miles.
The City has a Metropolitan Statistical Area (MSA) that includes a total of fifteen counties; nine of these
counties are located in Missouri and the remaining six are located in Kansas. Those counties located in
Missouri include Bates, Caldwell, Cass, Clay, Clinton, Jackson, Lafayette, Platte and Ray and those located
in Kansas include Franklin, Johnson, Leavenworth, Linn, Miami and Wyandotte. In total, this fifteencounty MSA encompasses an area of 7,952 square miles. Within this MSA are three principal cities:
Kansas City, Missouri; Overland Park, Kansas and Kansas City, Kansas.
The primary Air Service Area (ASA) serves the population within and beyond the MSA and includes the
Buchanan, Missouri and Douglas, Kansas counties. In total, an estimated 2,254,553 residents live within
the ASA and no other hub airport overlaps the primary ASA. The nearest large hub airport, St. Louis, is
located 250 miles away. Small hub airports, Des Moines and Wichita, are each located approximately 180
miles away. The population of the MSA comprises 91 percent of the ASA’s population and, therefore, all
discussion of economic trends will focus on the MSA.
Over the past year there has been a continued decrease in unemployment rates regionally as well as
nationally. The unemployment rates for the MSA, the states of Kansas and Missouri, and the national
average is as follows:
April 30,
2012
2013
Kansas City MSA
State, Missouri
State, Kansas
National
6.1%
6.7%
5.6%
9.0%
2011
6.2%
7.0%
5.8%
8.1%
7.7%
8.6%
6.6%
9.0%
Source: www.bls.gov, seasonally adjusted except Kansas City MSA
Over the past calendar year, inflation slowed, increasing 2.1 percent as compared to the 4.3 percent
increase the previous calendar year.
Calendar Year
2012
2011
2010
2009
2008
2007
CPI-U
219.6
215.1
206.2
202.8
201.2
194.5
Annual
Increase
2.10%
4.30%
1.70%
0.80%
3.40%
2.30%
Source: www.bls.gov, not seasonally adjusted, Kansas City MO-KS MSA
III
LONG-TERM FINANCIAL PLANNING
The Department has two long-term financial goals:
1.
To diversify more revenue away from aviation-related industries. The majority of the
Department’s revenue is concentrated on the airline industry. To hedge against any future
downturns in the airline industry, the Department has diversified its revenue sources into other
industries. An example of this type of diversification includes the development of land for use in
the warehousing industry by Trammell Crow on the southeast corner of the airfield.
2.
To increase the percentage of fixed revenue. The Department currently has a far greater
percentage of variable revenue than fixed revenue, which is favorable in a positive economic
environment and unfavorable in a negative economic environment. To protect against any future
declining economic environments, and when it is financially prudent, the Department will pursue
fixed versus variable revenue streams to protect itself. The Ambassador Building, a six-story
office building, is an example of a fixed revenue source. Fixed revenues are also being generated
at the Charles B. Wheeler Downtown Airport, by way of 96 newly constructed T-hangars for
personal aircraft storage.
RELEVANT FINANCIAL POLICIES
Under the terms of the various ordinances enacted for the issuance of revenue bonds, the Aviation
Department is required to maintain rates and fees sufficient to pay reasonable and proper operating and
maintenance expenses and scheduled debt service requirements.
GRANT MANAGEMENT
The Department has relied heavily on Airport Improvement Program (AIP) grants, sponsored by the
Department of Transportation, a parent agency of the Federal Aviation Administration, to fund many of its
capital improvement projects. Some of these projects include the installation of closed circuit security
cameras, the acquisition of emergency response equipment, the rehabilitation of airfield lighting, and
runway and taxiway rehabilitation. Normally, these grants will fund between 75 and 90 percent of the
entire project. The remaining portion is funded by Department funds.
MAJOR INITIATIVES
May 2012 - New Tenant Landed
The Aviation Department welcomed a new tenant, Travel and Transport, to its Ambassador Building
property. The full service travel management company is headquartered in Omaha, NE, but will use its
new airport campus location as a regional base, leasing 6,000 square feet on the sixth floor. Travel and
Transport has over 700 total employees and is the fifth largest travel management company in the United
States, servicing clients throughout the country as well as globally.
May 2012 - Downtown Airport Receives National Classification
The Federal Aviation Administration (FAA) released results of a groundbreaking 18-month study of nearly
3,000 general aviation (GA) airports in the United States. The report, General Aviation Airports: A
National Asset, studied the airports to better understand their diverse functions which often include disaster
relief, aerial firefighting, law enforcement, search and rescue, as well as medical transportation. The results
highlight for the traveling public the pivotal role GA airports play in this country’s society, economy and
its aviation system overall. The study aligns the GA airports into four categories – national, regional, local
and basic. Charles B. Wheeler Downtown Airport was included in the study and was placed in the
“national” category along with 83 other GA airports. Criteria used to define the new national category
include the total number of instrument operations, based jets, international flights, interstate departures,
passenger enplanements, and charter enplanements by large, certified air carriers. These 84 airports also
IV
support operations by the most sophisticated aircraft in the general aviation fleet. Since Wheeler Airport
currently serves airline charters, it already meets these stringent standards.
June 2012 - KCI Conducts Full Scale Emergency Drill
The City of Kansas City, Missouri, Aviation Department, in cooperation with numerous community
agencies, conducted a full-scale Emergency Exercise at Kansas City International Airport. This exercise
was held to evaluate Kansas City’s multi-agency response and readiness to a simulated aircraft emergency.
Planners set up a scenario where local businesses, government agencies, hospitals, fire departments, police
departments and emergency preparedness officials can rehearse their roles in response to an aircraft
emergency. The exercise had many realistic components including smoke generators, debris on the airfield
and volunteers acting as injured passengers. KCI is required by the Federal Aviation Administration to
hold full-scale emergency exercise every three years and tabletop drills during the off years to maintain the
skill levels of each agency involved in an aircraft rescue effort.
August 2012 - KCI Airport Roadway Signs Replaced
The aging electronic Welcome to Kansas City, Missouri sign at Kansas City International Airport was
replaced with a state-of-the-art message board so visitors are greeted in style. Also replaced were the six
overhead electronic signs along Cookingham Drive and International Circle to ensure visitors can find their
departing flights. The new signs are more visible and attractive, and Aviation Department employees are
able to change airline names and messages from their workplace, rather than by the roadside.
November 2012 - New Equipment Makes Cleanup Easier, Greener
An unusual street cleaning truck was added to KCI Airport’s fleet of maintenance vehicles. An Elgin Eagle
powered by compressed natural gas was delivered. CNG is more environmentally friendly than traditional
gasoline or diesel fuel. Additionally, CNG makes the machines much less expensive to operate because the
fuel is less costly than diesel. The new CNG street sweeper was the first one put into service in the state of
Missouri and one of the first in the Midwest. KCI is also one of the first airports to purchase a CNG
sweeper. The machine is used to sweep up the heavier debris found on airport roadways, runways and
other access points on the campus.
November 2012 - Downtown Airport Receives Perfect Inspection
The Federal Aviation Administration (FAA) performed its annual certification inspection of the operations
area at Charles B. Wheeler Downtown Airport (MKC). All facilities passed with no discrepancies, making
this the third year of perfect inspections and resulting in the FAA bestowing its Safety Enhancement Award
upon the airport. The FAA’s Part 139 inspection includes the conditions of everything on MKC’s airfield
including the pavement, lighting, markings, safety areas, Aircraft Rescue and Fire Fighting (ARFF)
training, fueling operations and Air Operations Area driver training. The evaluation found MKC to be fully
compliant with Federal Aviation Regulation Part 139, the Airport Certification Manual and the Airport
Operating Certificate. The operations area at Downtown Airport is the area inside the security fence where
aircraft operate. It includes runways, taxiways, aprons and aviation tenant operational areas. Many parties
have a role in keeping the Downtown Airport operations area safe and in top condition, including the
Kansas City Aviation Department’s Downtown Airport Operations, Maintenance and Engineering
Divisions, plus the Kansas City Fire Department, which trains three of their structural companies located
near the airport in all required ARFF elements.
V
AWARDS AND ACKNOWLEDGEMENTS
The Government Finance Officers Association of the United States and Canada (GFOA) awarded a
Certificate of Achievement for Excellence in Financial Reporting to the City’s Department of Aviation for
its comprehensive annual financial report for the fiscal year ended April 30, 2012. In order to be awarded a
Certificate of Achievement, a government must publish an easily readable and efficiently organized
comprehensive annual financial report. This report must satisfy both generally accepted accounting
principles and applicable legal requirements.
A Certificate of Achievement is valid for a period of one year only. We believe that our current
comprehensive annual financial report continues to meet the Certificate of Achievement Program’s
requirements and we are submitting it to the GFOA to determine its eligibility for another certificate.
The production of this report is a cooperative effort of all the divisions within the Aviation Department and,
to this end, I extend my appreciation to all divisions and their respective employees. I particularly
recognize the efforts of the Finance and Accounting Division employees for the preparation of this report
and their endeavor to accurately portray the financial operations of this Department.
Lastly, I would like to acknowledge the support of the City of Kansas City, Missouri, its City Council, the
members of the Transportation and Infrastructure Committee, and Mr. Troy Schulte, City Manager.
Sincerely,
Mark VanLoh, A.A.E.
Director of Aviation
VI
VII
ORGANIZATIONAL CHART
VIII
Operations at various airport facilities help diversify airport revenue
FINANCIAL SECTION
THIS SECTION CONTAINS THE FOLLOWING SUBSECTIONS:
INDEPENDENT AUDITOR’S REPORT
OPINION LETTER FROM INDEPENDENT AUDITORS REGARDING THE FINANCIAL STATEMENTS
CONTAINED IN THIS COMPREHENSIVE ANNUAL FINANCIAL REPORT
MANAGEMENT’S DISCUSSION AND ANALYSIS
NARRATIVE ANALYSIS FROM MANAGEMENT DISCUSSING THE CURRENT FISCAL YEAR ACTIVITIES
AND THE FINANCIAL STATEMENTS INCLUDED IN THIS COMPREHENSIVE ANNUAL FINANCIAL REPORT
FINANCIAL STATEMENTS
COMPARATIVE FINANCIAL REPORTS FOR THE CURRENT AND PRIOR FISCAL YEARS, INCLUDING THE
STATEMENTS OF NET POSITION; STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET
POSITION AND STATEMENTS OF CASH FLOWS
NOTES TO THE FINANCIAL STATEMENTS
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ADDITIONAL INFORMATION CONCERNING THE
DATA REFLECTED IN THE FINANCIAL STATEMENTS
Independent Auditor’s Report on Financial Statements
and Supplementary Information
The Honorable Mayor and
Members of the City Council
City of Kansas City, Missouri
We have audited the accompanying basic financial statements, which are comprised of the statements of
net position as of April 30, 2013 and 2012, and the statements of revenues, expenses and changes in net
position and cash flows for the years then ended and the related notes to the financial statements, as listed
in the table of contents, of the City of Kansas City, Missouri Airports Fund (the Fund).
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in
accordance with accounting principles generally accepted in the United States of America; this includes
the design, implementation and maintenance of internal control relevant to the preparation and fair
presentation of financial statements that are free from material misstatement, whether due to fraud or
error.
Auditor’s Responsibility
Our responsibility is to express an opinion on these financial statements based on our audits. We
conducted our audits in accordance with auditing standards generally accepted in the United States of
America. Those standards require that we plan and perform the audit to obtain reasonable assurance
about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in
the financial statements. The procedures selected depend on the auditor’s judgment, including the
assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.
In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation
and fair presentation of the financial statements in order to design audit procedures that are appropriate in
the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s
internal control. Accordingly, we express no such opinion. An audit also includes evaluating the
appropriateness of accounting policies used and the reasonableness of significant accounting estimates
made by management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our audit opinion.
A-1
Page 2
Opinion
In our opinion, the financial statements referred to above present fairly, in all material respects, the
financial position of the City of Kansas City, Missouri Airports Fund as of April 30, 2013 and 2012, and
the changes in its financial position and its cash flows for the years then ended in accordance with
accounting principles generally accepted in the United States of America.
Emphasis of Matter
As discussed in Note 1, the financial statements present only the Fund and do not purport to, and do not,
present fairly the financial position of the City of Kansas City, Missouri as of April 30, 2013 and 2012,
and the changes in its financial position, or, where applicable, its cash flows for the years then ended in
conformity with accounting principles generally accepted in the United States of America. Our opinion is
not modified with respect to this matter.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management's
discussion and analysis listed in the table of contents be presented to supplement the basic financial
statements. Such information, although not part of the basic financial statements, is required by the
Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting
for placing the basic financial statements in an appropriate operational, economic or historical context.
We have applied certain limited procedures to the required supplementary information in accordance with
auditing standards generally accepted in the United States of America, which consisted of inquiries of
management about the methods of preparing the information and comparing the information for
consistency with management's responses to our inquiries, the basic financial statements and other
knowledge we obtained during our audit of the basic financial statements. We do not express an opinion
or provide any assurance on the information because the limited procedures do not provide us with
sufficient evidence to express an opinion or provide any assurance.
Other Information
Our audits were conducted for the purpose of forming an opinion on the basic financial statements as a
whole. The introductory section and statistical section listed in the table of contents are presented for
purposes of additional analysis and are not a required part of the basic financial statements. Such
information has not been subjected to the auditing procedures applied in the audits of the basic financial
statements, and accordingly, we do not express an opinion or provide any assurance on it.
Kansas City, Missouri
October 31, 2013
A-2
A-3
Management’s Discussion and Analysis
T
his Management’s Discussion and Analysis (MD&A) of the City of Kansas
City, Missouri Aviation Department (the Department) provides an introduction and
overview of the Department's financial statements and activities for the fiscal years
ended April 30, 2013 (FYE13) and April 30, 2012 (FYE12). The Kansas City
Airports Fund is an enterprise fund of the City of Kansas City, Missouri, (the City) and
is supported wholly by airport user charges. No general tax fund revenues are used for
the administration, promotion, operation or maintenance of the airports in the system. The
Department is charged with the responsibility to operate and maintain the City’s two airports: the
Kansas City International Airport (MCI) and the Charles B. Wheeler Downtown Airport (MKC).
The information contained herein should be considered in conjunction with the financial statements
and notes in order to provide a complete understanding of the financial performance and activities
this past year. The City combines the financial operations of the City’s two airports into one set of
financial statements for the entire Department. Approximations are used throughout this MD&A in
describing fluctuations between fiscal years and may not equal actual differences.
AIRPORT ACTIVITIES AND HIGHLIGHTS
One of the Department’s leading activity indicators, passenger enplanements, decreased by 6.2% in
FYE13. This decrease was largely the result of a reduction in service from Frontier Airlines. In
FYE12, passenger enplanements had increased by 5.1%.
The Department’s other leading activity indicator, aircraft landed weight, decreased by 6.1% in
FYE13 after increasing by .6% in FYE12. This decrease is also largely the result of a reduction in
service from Frontier Airlines.
To a lesser extent, enplaned cargo is also used as an indicator of the Department’s activity.
Enplaned cargo increased by 4.4% in FYE13 after decreasing by 1.9% in FYE12.
Activity indicators for the past three fiscal years are as follows:
2013
Enplanements
Landed Weight (000 lbs.)
Enplaned Cargo (000 lbs.)
4,878,178
6,337,030
97,131
April 30,
2012
5,198,808
6,747,497
93,038
2011
4,945,779
6,705,619
94,848
OVERVIEW OF THE FINANCIAL STATEMENTS
The accompanying financial statements are prepared on an accrual basis in accordance with U.S.
generally accepted accounting principles, as set forth by the Governmental Accounting Standards
Board (GASB). Revenues and expenses are recognized when earned and incurred, not when
received or paid. Capital assets, except land and construction in process, are depreciated over their
useful lives.
A-4
The statements of net position compare the Department’s assets and liabilities, with the difference
between the two reported as net position. Over time, increases or decreases in net position may
serve as a useful indicator of the Department’s financial position.
The statements of revenues, expenses and changes in net position present information showing how
the Department’s net position changed during the year. 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 related
cash flows.
The statements of cash flows present the change in the Department’s cash and cash equivalents
during each fiscal year. This information can assist the user of the report in determining how the
Department financed its activities and how it met its cash needs.
The notes to the financial statements provide additional information that is essential to a full
understanding of the data in the statements and can be found beginning on page A-21 of this report.
FINANCIAL POSITION AND ASSESSMENT
SUMMARY OF STATEMENTS OF NET POSITION
As noted earlier, net position may serve over time as a useful indicator of the Department’s
financial position. During FYE13, the Department’s net position decreased by approximately $5.3
million. This decrease was largely the result of a $7 million reduction in capital grant receipts for
the year. During FYE12, the Department’s net position increased by approximately $6.5 million.
This increase was largely the result of a 6% increase in the Department’s operating revenues for the
year.
A-5
A condensed summary of the Department’s net position for the last three fiscal years is presented
below (in thousands):
April 30,
2012
2013
Assets
Current and Other Assets
Capital Assets, Net
Total Assets
Liabilities
Current and Other Liabilities
Long-Term Liabilities
$
191,244
624,961
$
190,659
649,399
$
193,192
658,936
$
816,205
$
840,058
$
852,128
$
40,026
262,175
$
35,199
285,576
$
34,283
305,088
Total Liabilities
Net Position
Net investment in capital assets
Restricted
Unrestricted
Total Net Position
Total Liabilities and Net Position
2011
$
302,201
320,775
339,371
351,900
88,903
73,201
355,499
96,776
67,008
346,051
100,868
65,838
514,004
519,283
512,757
816,205
$
840,058
$
852,128
Net investment in capital assets (approximately 68.5% of the Department’s net position at April 30,
2013 and 2012) represent the Department’s investment in capital assets less the related
indebtedness outstanding used to acquire those assets. The Department uses these capital assets to
provide services to its customers and consequently these assets are not available for future
spending. Although the Department’s investment in its capital assets is reported net of related debt,
it should be noted that the resources needed to repay this debt must be provided from other sources,
since it is unlikely that the capital assets will be liquidated to pay liabilities.
An additional portion of the Department’s net position (approximately 17.3% and 18.6% of the
Department’s total net position at April 30, 2013 and 2012, respectively) represents resources that
are subject to external restrictions on how they may be used.
The remaining balance of net position (approximately 14.2% and 12.9% of the Department’s net
position at April 30, 2013 and 2012, respectively) is considered unrestricted and is available for the
ongoing needs of the Department.
A-6
SUMMARY OF STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION
A summary of revenues and expenses and changes in net position for the past three fiscal years are
as follows (in thousands):
April 30,
2012
2013
Operating Revenues
Operating Expenses
Operating Income Before
Non-Cash Operating Expenses
$
105,977
76,775
$
106,921
77,703
2011
$
100,819
78,723
29,202
29,218
22,096
Non-Cash Operating Expenses:
Depreciation/Amortization
Operating Loss
54,669
(25,467)
55,625
(26,407)
53,751
(31,655)
Non-Operating Revenue:
Earnings Cash/Investments
Passenger Facility Charge
Customer Facility Charge
Operating Grant Revenue
Other
Total Non-Operating Revenue
1,542
19,469
6,071
628
1,338
29,048
3,174
20,887
6,036
155
899
31,151
3,133
20,454
5,675
265
351
29,878
13,335
5,558
18,893
10,155
14,091
1,202
15,293
15,858
14,777
254
15,031
14,847
(15,312)
10,033
(5,279)
519,283
514,004
(10,549)
17,075
6,526
512,757
519,283
(16,808)
16,647
19,341
19,180
493,577
512,757
Non-Operating Expense:
Interest
Other
Total Non-Operating Expense
Non-Operating Income
Loss Before Capital Contributions
and Transfers
Capital Contributions
Transfers
Increase (Decrease) in Net Position
Net Position, Beginning of Year
Net Position, End of Year
$
$
$
As previously noted, net position decreased in FYE13 by approximately $5.3 million. Operating
revenues and operating expenses, excluding depreciation and amortization, both decreased by
approximately $1.0 million resulting in operating income before depreciation and amortization
remaining unchanged from the prior fiscal year. A more complete analysis of the Department’s
operating revenues and expenses is included below. Depreciation and amortization expense fell by
approximately $956,000 reducing the Department’s total operating loss by $940,000 or 3.6% from
FYE12. Non-operating revenue decreased by approximately $2.1 million largely as a result of
reduced investment earnings and Passenger Facility Charge collections. Non-operating expenses
A-7
increased by approximately $3.6 million largely as a result of a settlement negotiated with the fixed
base operator at the Charles B. Wheeler Downtown Airport (Please refer to Note 15 for more
details). Capital contributions for the year decreased by approximately $7 million from FYE12.
In FYE12, net position increased by approximately $6.5 million. Operating revenues increased by
approximately $6.1 million while operating expenses, excluding depreciation and amortization
decreased by approximately $1.0 million resulting in a $7.1 million increase in operating income
before depreciation and amortization. A more complete analysis of the Department’s operating
revenues and expenses is included below. Although depreciation and amortization expense
increased by approximately $1.9 million, the Department’s total operating loss was reduced by
$5.2 million or 16.6% from FYE11. Non-operating revenues increased by approximately $1.3
million largely as a result of increased Passenger Facility and Customer Facility charge collections.
Non-operating expenses remained relatively flat in total and capital contributions for the year
increased slightly from FYE11.
SUMMARY OF OPERATING REVENUES
In order to understand the revenues presented in this Report, an overview of the Airline Use and
Lease Agreement (the Agreement) is required to enhance the readers’ knowledge of the
information presented.
This is the fourth year of a five year agreement, which utilizes the following four airline-specific
cost centers: 1) airfield, 2) passenger boarding bridges, 3) terminal aprons, and 4) terminal
building. Airlines that have executed an agreement with the airport are referred to as signatory
airlines. Airlines using the airport without an executed agreement are referred to as non-signatory
airlines.
The agreement cost centers are used to identify and reallocate airline-specific expenses related to
the leased premises, operations, facilities or functions conducted at the airport by signatory airlines.
These cost center expenses are the basis for determining the rate charged to each signatory airline.
All non-signatory airlines pay 125 percent of the signatory airline rate. In exchange for this higher
rate, non-signatory airlines are not subject to the same terms and conditions as signatory airlines.
There are a maximum of three calculations performed under the terms and conditions of the
agreement: 1) budgetary calculation, 2) mid-year budgetary adjustment, and 3) settlement. Before
the start of every fiscal year, a budget is adopted for the operations of the airport. Based on this
adopted budget, rates are calculated for each agreement cost center and used for billing the airlines
for their airport operations. As the year progresses, the actual results are monitored and compared
to the adopted budget. If there is a significant change in circumstances from the adopted budget, a
mid-year budgetary adjustment is performed and the cost center rates are adjusted to reflect the
change in circumstances. After the year is completed, a settlement is performed to “true-up” the
signatory airline rates to reflect the actual operating costs of each agreement cost center. There is
no settlement calculation performed for the non-signatory airlines.
A-8
Operating revenues for FYE13, FYE12 and FYE11 are itemized as follows (in thousands):
April 30,
2012
2013
Terminal Fees
Terminal Floor Space
Apron
Passenger Boarding Bridges
Total Terminal Fees
$
8,450
1,827
845
11,122
$
9,310
1,785
1,870
12,965
2011
$
9,203
1,623
1,061
11,887
Airfield Fees
Landing Fees
Fuel Flowage Fees
Total Airfield Fees
15,370
442
15,812
15,986
395
16,381
14,017
431
14,448
Parking
Parking
Livery Trip Fees
Total Parking Fees
47,376
47,376
46,161
7
46,168
43,331
36
43,367
Property Rental
12,085
11,815
12,984
Rental Car Fees
Property Rental
Concession
Total Rental Car Fees
622
9,267
9,889
610
9,495
10,105
598
9,151
9,749
Transportation Facility Charge
4,771
4,748
4,011
Concessions
Food and Beverage
News, Gifts and Merchandise
Other
In-Flight Food Service
Total Concessions Fees
1,974
825
700
11
3,510
1,761
927
742
4
3,434
1,771
913
397
3
3,084
Other Operating Revenues
1,412
1,305
1,289
Total Operating Revenues
$
105,977
$
106,921
$
100,819
Total operating revenues decreased during FYE13 by approximately $944,000, or 0.9%. In
FYE12, operating revenue increased from the previous year by approximately $6.1 million, or
6.1%.
A-9
In FYE13, revenue from Terminal Fees decreased by $1.84 million, or 14.2%, from the prior fiscal
year. This increase is the result of an $860 thousand, or 9.2%, decrease in Terminal Floor Space
revenue; a $42 thousand, or 2.4%, increase in Terminal Apron revenues; and a $1.03 million, or
54.8%, decrease in revenues from Passenger Boarding Bridges. The decrease in Terminal Floor
Space revenue was the result of a credit due the airlines for capital related charges that were
subsequently approved for funding from other sources. The increase in Terminal Apron revenue
was the result of an increase in the apron rental rates. The decrease in revenue from Passenger
Boarding Bridges was largely the result of a decrease in Passenger Boarding Bridge repair and
maintenance costs that were charged back to the airlines. A majority of the boarding bridges were
refurbished the prior fiscal year.
In FYE12, revenue from Terminal Fees increased by $1.08 million, or 9.1%, from the prior fiscal
year. This increase was the result of a $107 thousand, or 1.2%, increase in Terminal Floor Space
revenue; a $162 thousand, or 10%, increase in Terminal Apron revenues; and an $809 thousand, or
76.2%, increase in revenues from Passenger Boarding Bridges. The increase in Terminal Floor
Space revenue and Terminal Apron revenue was the result of an increase in the terminal and apron
rental rates. The increase in revenue from Passenger Boarding Bridges was largely the result of an
increase in Passenger Boarding Bridge repair and maintenance costs that were charged back to the
airlines.
Fees associated with the airfield cost center decreased $569 thousand, or 3.5%, in FYE13. Landing
fees decreased by $616 thousand, or 3.9%. This decrease was the result of a reduction in airfield
related costs charged back to the airlines in the form of landing fees. Revenue from fuel flowage
fees again remained relatively consistent, increasing by $47 thousand. In FYE12, airfield fees
increased $1.93 million, or 13.4%. Landing fees increased by $1.97 million, or 14%, resulting
from a combination of an increase in the amount charged for landing fees and increased landed
weight. Revenue from fuel flowage fees remained relatively flat, decreasing by $36 thousand.
Parking revenue, which is a key revenue source for Kansas City International Airport, increased by
$1.2 million, or 2.6% in FYE13. This increase resulted largely from price point adjustments made
during the year. In FYE12, parking revenue increased by $2.8 million, or 6.5%. This increase
resulted largely from the expansion of the Department’s “Park Air Express” operation, a valet
parking service.
A-10
Property rental revenue increased by $270 thousand, or 2.3%, in FYE13. This increase is primarily
the result of contractual tenant rate adjustments during the year. Property rental revenue in FYE12
showed a decline of $1.2 million, or 9%, from FYE11. This decline was primarily the result of the
loss of American Airlines lease revenue at the aircraft maintenance and overhaul base.
Rental car fees continue to remain relatively stable, decreasing by $216 thousand, or 2.1%, during
FYE13 due to a slight reduction in the volume of rental car usage after increasing by $356
thousand, or 3.6%, during FYE12.
Revenue from transportation facility charges, which are fees assessed for each rental car transaction
day, remained relatively stable in FYE13 increasing by $23 thousand, or 0.5%. In FYE12, revenue
from transportation facility charges increased by $737 thousand, or 18.4%, resulting from an
increase in transaction days during the year.
Concession fee revenue increased in FYE13 by $76 thousand, or 2.2%. This increase is the net
result of offsetting factors. Concession offerings improved with additional concession choices
inside of the secured areas of the terminal while passenger traffic decreased. In FYE12, concession
fee revenue increased by $350 thousand, or 11.3%. This increase resulted from an increase in
passenger enplanements.
SUMMARY OF OPERATING EXPENSES
Operating expenses in FYE13 decreased approximately $928 thousand, or 1.2%, from the previous
year. Salaries, wages and employee benefits decreased by approximately $178 thousand, or 0.6%.
Contractual services decreased by approximately $1.06 million, or 2.4%. This reduction was in
part the result of reduced costs relating to service agreements and insurance premiums during the
year. Commodities expense increased by approximately $311 thousand, or 7.3%, primarily from
an increase in the cost of fuel and repair parts for Department vehicles.
A-11
Operating expenses in FYE12 decreased approximately $1.02 million, or 1.3%, from the previous
year.
Salaries, wages and employee benefits remained relatively stable, increasing by
approximately $278 thousand, or 1.0%. Contractual services decreased by approximately $1.13
million, or 2.5%. This reduction was in part the result of reduced administrative costs and lower
insurance claims expenses. Commodities expense decreased slightly by approximately $165
thousand, or 3.7%, primarily from a reduction in the costs for vehicle replacement parts.
Operating expenses, excluding depreciation and amortization, for the past three fiscal years are
itemized as follows (in thousands):
April 30,
2012
2013
Salaries, Wages and Benefits
Contractual Services
Commodities
Total
2011
$
29,366
42,817
4,592
$
29,544
43,878
4,281
$
29,265
45,013
4,445
$
76,775
$
77,703
$
78,723
AIRLINE RATES AND CHARGES
Airline rates and charges (R&Cs) represent the fees received by the Department from the airlines
for their use of the airport’s facilities and for the privilege of operating at Kansas City International
Airport. The calculation of the R&Cs is based on the provisions of the Airline Use and Lease
Agreement (the Agreement). It is important to maintain low airline rates and charges in order to
remain cost-competitive.
The Agreement negotiated between the City and the airlines became effective May 1, 2009 and
will expire April 30, 2014, with the provision for yearly extensions on this Agreement. R&Cs are
determined for each year using budgeted amounts. After six months, the R&Cs may be amended
to conform to year-to-date actual. At the end of each fiscal year, settlement R&Cs are calculated
based on actual amounts and additional payments may be paid to or received from the signatory
airlines.
The rates and charges settlement rates billed (or to be billed) to the airlines for the last three fiscal
years are as follows:
2013
Signatory Landing Fee(2)
Terminal Rental Rate
Terminal Apron Rental
Passenger Boarding Bridge(3)
(4)
$2.37
$32.71/sf
$230.01/lf
$2,666/mo
(1)
actual settlement rates
per 1,000 lbs. of aircraft landed weight
(3)
per boarding bridge
(4)
projected settlement rates
(2)
A-12
April 30,
2012 (1)
2011 (1)
$2.17
$30.09/sf
$225.59/lf
$2,861/mo
$2.17
$31.86/sf
$231.78/lf
$4,202/mo
Landing fees and terminal rental rates for non-signatory airlines are assessed at 125 percent of the
established rates.
PASSENGER FACILITY CHARGES
Passenger Facility Charges (PFCs) are fees authorized by the Federal Aviation Administration that
are charged to enplaning passengers. The fees are used to finance eligible airport-related projects.
Kansas City International Airport is currently authorized at $428.4 million with the current fee set
at $4.50 per enplaned passenger. In FYE13, PFC revenue decreased by approximately $1.4 million
as passenger enplanements for the year were down. In FYE12, PFC revenue increased by
approximately $433 thousand. (Please see Note 10 and the Compliance Section of this report for
additional details.) Historical PFC revenue on an accrual basis for the last three fiscal years is as
follows:
April 30, 2013
April 30, 2012
April 30, 2011
$ 19,468,916
20,887,024
20,454,358
CUSTOMER FACILITY CHARGES
A Customer Facility Charge (CFC) of $3.00 per transaction day on rental cars was implemented on
January 1, 2001 to fund the debt service associated with the design, engineering and construction of
the new consolidated rental car facility. In FYE13, CFC revenues increased $35 thousand, or
0.6%. In FYE12, CFC revenues increased $361 thousand, or 6.4%. CFC revenues generally
increase or decrease with passenger enplanements. CFC revenues earned on an accrual basis for
the last three fiscal years are as follows:
April 30, 2013
April 30, 2012
April 30, 2011
$
A-13
6,070,968
6,036,072
5,674,925
CAPITAL CONTRIBUTIONS
Receipts from capital grants during the last three fiscal years are as follows:
April 30,
2012
2013
AIP 3-29-0040-58
AIP 3-29-0040-59
AIP 3-29-0040-62
AIP 3-29-0040-64
AIP 3-29-0040-65
AIP 3-29-0040-66
AIP 3-29-0040-68
AIP 3-29-0040-69
TSA
MODOT
AIP 3-29-0041-17
AIP 3-29-0041-20
AIP 3-29-0041-21
AIP 3-29-0041-22
AIP 3-29-0041-24
Total Contributions
$
1,656,429
2,180,438
1,051,616
618,600
2,619,922
67,506
421,462
1,416,752
$ 10,032,725
$
8,698,987
606,325
3,050,129
503,200
67,656
309,106
3,839,288
-
$ 17,074,691
2011
$
683,771
321,653
5,629,039
224,516
906,488
500,000
383,814
133,241
7,864,868
-
$ 16,647,390
Capital contributions and capital grant revenues decreased approximately $7 million, or 41%, in
FYE13 compared to the $427 thousand increase in FYE12. Capital grants are reimbursement
grants and increase or decrease based in part on the amount of eligible grant activity during the
year. Capital improvement projects funded by grants in FYE13 included the rehabilitation of
runways and surveillance equipment improvements at the Kansas City International Airport and
taxiway rehabilitations at the Charles B. Wheeler Downtown Airport.
CAPITAL ASSETS
Net capital assets decreased in FYE13 by $24.4 million comprising a $30.0 million increase in
capital assets net of $54.4 million in depreciation on capital assets. Capital assets purchased or
constructed in FYE13 include the rehabilitation of the field maintenance facility, along with
terminal and economy parking facilities, the reconstruction of runway 19R, the purchase of two
Aircraft Rescue and Fire Fighting (ARFF) vehicles and six parking transportation busses. Net
capital assets decreased in FYE12 by $9.5 million comprising a $45.8 million increase in capital
assets net of $55.3 million in depreciation on capital assets. Capital assets purchased or
constructed in FYE12 include the rehabilitation of the terminal chilled water system, rehabilitation
of roadways and airfield taxiways, facility improvements, computer equipment upgrades, and the
purchase of vehicles, mowers, and operating equipment. (Please refer to Note 5 for more details.)
A-14
DEBT ADMINISTRATION
Total debt outstanding at FYE13 was approximately $274 million, a $20.2 million decrease from
the previous year. This decrease is due to the normal payment of debt service obligations during
the year. Total debt outstanding at FYE12 was approximately $294.2 million, a $19.6 million
decrease from the previous year. This decrease is due to the normal payment of debt service
obligations during the year. Subsequent to the close of the fiscal year, the Department refunded the
series 2001, 2003A, and 2003B bonds and defeased the series 2008A bonds. (please refer to Note
20 for more details on the refunding.)
The Department had the following additions and deductions from the interest paid on its
outstanding bonds for the last three fiscal years. (Please refer to Notes 8 and 9 for more details.)
Interest Paid
Interest Capitalized
Accrued Interest
Amortized Loss
Amortized Bond Discount
Amortized Premium
Fiscal Agent Fees Paid
Interest Expense
2013
April 30,
2012
2011
$ 14,044,864
(389,746)
(142,077)
284,188
59,608
(525,718)
4,390
$ 15,007,143
(525,973)
(138,953)
344,081
59,608
(658,155)
3,020
$ 15,961,764
(793,184)
(140,409)
344,084
59,608
(658,155)
3,323
$ 13,335,509
$ 14,090,771
$ 14,777,031
REQUEST FOR INFORMATION
This financial report is designed to provide the Department’s management, investors, creditors and
customers with a general overview of the Kansas City Airports Fund’s finances and to demonstrate
the Department’s accountability for the funds it receives and expends. For additional information
about this report, please contact the undersigned at Kansas City International Airport, P.O. Box
20047, Kansas City, Missouri 64195-0047.
This report is respectfully submitted by:
John Green, CPA
Aviation Department
A-15
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Statements of Net Position
April 30, 2013 and 2012
Assets
2013
Current assets
Unrestricted assets
Cash and cash equivalents
Investments
Accounts receivable
Allowance for doubtful accounts
Grants receivable
Due from other funds
Interest receivable
Prepaid insurance and other assets
Inventories
Total unrestricted assets
$
5,437,591
14,401,556
2,667,514
(347,410)
1,091,501
1,397,067
249,728
626,830
783,610
2012
$
4,345,014
11,608,132
2,678,382
(597,762)
3,237,444
2,365,627
267,392
473,320
789,202
26,307,987
25,166,751
Restricted assets
Investments
Accounts receivable
Interest receivable
5,305,559
14,509,336
3,931,116
251,099
5,273,980
15,267,665
3,197,716
345,316
Total restricted assets
23,997,110
24,084,677
Total current assets
50,305,097
49,251,428
66,806,029
67,306,000
134,112,029
58,004,463
74,969,133
132,973,596
38,212,877
19,127,684
1,344,673,126
1,402,013,687
(777,052,802)
624,960,885
37,862,553
9,296,498
1,325,390,117
1,372,549,168
(723,150,417)
649,398,751
Due from other funds
4,812,747
6,148,331
Bond issue costs, net of accumulated amortization
2,014,663
2,286,550
765,900,324
790,807,228
$ 816,205,421
$ 840,058,656
Non-current assets
Investments
Unrestricted
Restricted
Total investments
Capital assets
Land
Construction in progress
Buildings, infrastructure, equipment
Accumulated depreciation
Total capital assets
Total non-current assets
Total assets
See Notes to Financial Statements
A-16
April 30, 2013 and 2012
Liabilities and Net Position
2013
Current liabilities
Payable from unrestricted assets
Accounts and retainages payable
Accrued payroll, vacation and sick leave
Security deposits
Prepaid lease revenue
Other accrued expenses
Accrued claims liability
Total current liabilities payable from unrestricted assets
$
6,168,771
1,333,922
225,499
3,609,880
683,333
286,540
2012
$
8,022,137
1,209,807
227,561
2,890,801
325,548
12,307,945
12,675,854
312,846
289,127
1,846,918
25,270,000
289,127
1,988,995
20,245,000
27,718,891
22,523,122
40,026,836
35,198,976
1,786,834
4,425,963
4,609,293
742,004
1,550,000
249,060,776
1,663,151
4,244,443
4,412,141
743,900
274,512,696
Total non-current liabilities
262,174,870
285,576,331
Total liabilities
302,201,706
320,775,307
351,899,971
355,499,297
Restricted - expendable
Principal and interest
Airline operations and maintenance reserve
Reserve for law enforcement
Reserves for construction and debt service
Other restricted net position
26,601,333
10,869,000
142,005
47,661,639
3,629,355
23,385,500
10,661,000
74,195
59,401,088
3,253,905
Total restricted net position
88,903,332
96,775,688
73,200,412
67,008,364
514,003,715
519,283,349
$ 816,205,421
$ 840,058,656
Payable from restricted assets
Accounts and retainages payable
Matured bonds and coupons
Accrued interest and fiscal agent fees
Bonds payable, current portion
Total current liabilities payable from restricted assets
Total current liabilities
Non-current liabilities
Pension liability
Other post employment benefits obligation
Other accrued expenses
Bonds payable, net of current portion
Net position
Unrestricted
Total net position
Total liabilities and net position
A-17
Statements of Revenues, Expenses and Changes in Net Position
2013
Operating Revenues
Terminal and aprons
Airfield
Parking
Rental car
Transportation facility charges
Concessions
Property rental
Other
Total operating revenues
$
11,121,889
15,812,257
47,375,785
9,889,394
4,771,188
3,509,905
12,084,779
1,412,008
2012
$
12,964,525
16,380,975
46,167,682
10,104,810
4,748,178
3,434,142
11,815,552
1,305,082
105,977,205
106,920,946
29,366,163
42,816,982
4,592,404
29,543,646
43,878,454
4,280,476
76,775,549
77,702,576
Operating Income Before Non-cash Operating Expense
29,201,656
29,218,370
Non-cash Operating Expense
Depreciation
Amortization
54,397,160
271,886
55,293,214
332,408
54,669,046
55,625,622
(25,467,390)
(26,407,252)
1,542,208
19,468,916
6,070,968
627,741
1,338,414
3,173,787
20,887,024
6,036,072
154,660
899,006
29,048,247
31,150,549
13,335,509
5,557,707
14,090,771
1,201,653
Total non-operating expenses
18,893,216
15,292,424
Total non-operating revenues, net
10,155,031
15,858,125
(15,312,359)
(10,549,127)
10,032,725
17,074,691
Change in Net Position
(5,279,634)
6,525,564
519,283,349
512,757,785
$ 514,003,715
$ 519,283,349
Operating Expenses
Salaries, wages and employee benefits
Contractual services
Commodities
Total operating expenses before
depreciation and amortization
Total non-cash operating expense
Total Operating Loss
Non-operating Revenues
Earnings on cash and investments
Passenger facility charge
Customer facility charge
Operating grant revenue
Other
Total non-operating revenues
Non-operating Expenses
Interest
Other
Net Position, Beginning of Year
Net Position, End of Year
A-18
Statements of Cash Flows
2013
2012
$ 105,742,360
(28,739,693)
(46,303,825)
$ 109,603,979
(27,789,096)
(47,952,358)
30,698,842
33,862,525
627,741
2,500,000
154,660
1,890,042
3,127,741
2,044,702
12,178,668
23,547
(4,672,869)
(27,331,581)
(20,245,000)
(14,044,862)
(4,390)
(2,849,029)
418,500
19,468,916
6,070,968
17,281,424
89,187
(1,440,130)
(43,299,239)
(19,555,000)
(10,246)
(15,007,143)
(3,020)
412,300
20,887,024
6,036,072
(30,987,132)
(34,608,771)
(102,447,465)
99,949,106
783,064
(110,418,540)
106,839,942
3,693,886
(1,715,295)
115,288
Increase in Cash and Cash Equivalents
1,124,156
1,413,744
Cash and Cash Equivalents, Beginning of Year
9,618,994
8,205,250
Operating Activities
Cash received from customers
Cash paid to employees, including benefits
Cash paid to suppliers
Net cash provided by operating activities
Noncapital Financing Activities
Operating grants
Payments received on loan to general fund
Net cash provided by noncapital financing activities
Capital and Related Financing Activities
Capital grants
Proceeds from sale of capital assets
Purchase of capital assets
Construction of capital assets
Principal paid on capital debt
Payments on matured coupons
Interest paid on capital debt
Fiscal agent fees
Contribution to related party for construction of capital assets
Community improvement district collections
Passenger facility charges
Customer facility charges
Net cash used in capital and related financing activities
Investing Activities
Investment purchases
Investment maturities and sales
Interest received on investments
Net cash provided by (used in) investing activities
Cash and Cash Equivalents, End of Year
$
10,743,150
$
9,618,994
(Continued)
A-19
Statements of Cash Flows (Continued)
2013
Reconciliation of Cash and Cash Equivalents to the
Unrestricted
Restricted
Total cash and cash equivalents
Reconciliation of Operating Loss to Net Cash
Provided by Operating Activities
Operating loss
Depreciation and amortization expense
Changes in operating assets and liabilities
Receivables, net
Prepaid insurance and other
Inventories
Accounts payable
Security deposits
Prepaid lease revenue
Other assets and liabilities
Net cash provided by operating activities
Supplemental Cash Flows Information
Increase (decrease) in fair value of investments
Accounts payable incurred for the purchase of capital assets
Non-cash settlement of lawsuit
Contribution of capital asset
2012
$
5,437,591
5,305,559
$
4,345,014
5,273,980
$
10,743,150
$
9,618,994
$ (25,467,390)
54,669,046
$ (26,407,252)
55,625,622
(685,195)
(153,510)
5,592
1,027,716
247,798
(2,062)
719,079
(40,904)
378,672
3,638,067
49,723
85,345
837,239
447,544
(31,060)
(923,974)
(765,735)
1,307,006
$
30,698,842
$
33,862,525
$
(675,169)
2,260,026
2,500,000
400,000
$
399,302
5,094,929
-
A-20
Notes to Financial Statements
April 30, 2013 and 2012
Note 1:
Nature of Operations and Summary of Significant Accounting Policies
Nature of Operations
The Kansas City Airports Fund (the Fund) is a fund of and owned by the City of Kansas City,
Missouri (the City). The Fund is utilized to account for the operations of the City’s two airports,
the Kansas City International Airport (MCI) and the Charles B. Wheeler Downtown Airport
(MKC). The financial statements present only the Fund and are not intended to present the
financial position of the City and the changes in its financial position and cash flows for the years
ended, in conformity with U.S. generally accepted accounting principles.
Basis of Accounting and Presentation
The financial statements of the Fund have been prepared on the accrual basis of accounting using the
economic resources measurement focus. Revenues, expenses, gains, losses, assets, liabilities and
deferred inflows and outflows of resources from exchange and exchange-like transactions are
recognized when the exchange transaction takes place, while those from government-mandated
nonexchange transactions are recognized when all applicable eligibility requirements are met.
Operating revenues and expenses include exchange transactions and program-specific, governmentmandated nonexchange transactions. Government-mandated nonexchange transactions that are not
program specific, investment income and interest on capital assets-related debt are included in
nonoperating revenues and expenses. The Fund first applies restricted net position when an expense
or outlay is incurred for purposes for which both restricted and unrestricted net position are available.
Use of Estimates
The preparation of financial statements in conformity with accounting principles generally
accepted in the United States of America requires management to make estimates and assumptions
that affect the reported amounts of assets, liabilities and deferred inflows and outflows of resources
and disclosure of contingent assets and liabilities at the date of the financial statements and the
reported amounts of revenues and expenses during the reporting period. Actual results could differ
from those estimates.
Cash Equivalents
The Fund’s cash and cash equivalents are cash on hand, demand deposits and short-term
investments with original maturities of three months or less from date of acquisition.
Investments
The Fund’s investments are maintained in the City’s pooled investments. All investments are
reported at fair value. The fair value of marketable securities is based on quotations that are
generally obtained from national securities exchanges. Where marketable securities are not listed
on an exchange, quotations are obtained from brokerage firms or pricing services.
A-21
April 30, 2013 and 2012
Accounts Receivable
Accounts receivable balances are reflected as unrestricted and restricted and are recorded at the
invoiced amount. The allowance for doubtful accounts is the Fund’s best estimate of the probable
losses in the existing accounts receivable balance. Restricted accounts receivable consists of
Passenger Facility Charges and Customer Facility Charges that are either outstanding or have been
accrued as of April 30, 2013 and 2012.
Revenue Recognition
Airfield fees – Based on the landed weight of the aircraft, airfield fees are principally landing fees
generated from scheduled airlines and nonscheduled airlines, including charters. The fee structure
is determined annually based on an agreement between the City and signatory airlines, which takes
into account the Fund’s operating expenses and the total annual landed weight of aircraft. Fuel
flowage fees, which are included in airfield fees, comprised 2.8% and 2.4% of the total airfield fees
for the years ended April 30, 2013 and 2012, respectively. Airfield fees are recognized as part of
operating revenues when the airline-related facilities are utilized.
Rents – Terminal and other space rent, parking, car rental rents and concessions are generated from
airlines, parking structures and lots, food, rental cars, fixed base operators and other commercial
tenants. Leases for the airlines are based on a cost recovery basis. Rental revenue is recognized
over the life of the respective leases and concession revenue is recognized partially based on
reported concession revenue and partially based on minimum rental guarantee.
Original Bond Issue Discount, Premium and Deferred Refunding Charges
Original bond issue discount, premium and deferred refunding charges on long-term indebtedness
are amortized using the straight-line basis over the life of the debt to which it relates.
Inventories
Inventories, consisting of machine parts, fuel and supplies, are valued at the lower of cost or
market.
Capital Assets
Capital assets are stated at cost and include assets funded by proceeds of revenue and general
obligation bonds, grants and contributions. Normal maintenance and repairs are charged to
expense as incurred. Renewals and betterments are capitalized when placed into service and are
depreciated over the remaining estimated useful lives of the related properties.
A-22
April 30, 2013 and 2012
At the time of retirement or other disposition of properties, the assets and related depreciation
accounts are relieved of the amounts included therein and the resulting gain or loss is recognized.
The provision for capitalization and depreciation of capital assets is computed using the straightline method over the following estimated useful lives:
Useful Life
Building and building improvements
Runway, aprons and roads
Equipment
25 years
15 years
3 - 10 years
Capitalization
Threshold
$
100,000
25,000
5,000
Interest costs incurred that relate to the acquisition or construction of capital assets acquired with
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 idle debt proceeds over the same period. Interest costs capitalized for the years
ended April 30, 2013 and 2012 was $389,746 and $525,973, respectively.
Accounts and Retainages Payable
Accounts payable and retainage balances are reflected as unrestricted and restricted. Restricted
accounts and retainages payable consist of invoices and retainage withheld from construction
payments that are to be paid from bond proceeds or other restricted assets that were either
outstanding or have been accrued as of April 30, 2013 and 2012.
Compensated Absences
Under the terms of the City’s personnel policy, city employees are granted vacation and sick leave
in varying amounts. Vacation is accumulated at an annual rate of 10 to 20 days, depending on the
employee’s length of service. Sick leave is accumulated at the rate of 3.7 hours per two-week pay
period. The maximum amount of vacation that may be carried forward, which is accrued in the
Fund, is two times the amount earned in a year. Sick leave with pay may be accumulated up to a
limit of 3,000 hours. Upon separation from service, employees may convert accrued sick leave at
the ratio of four hours of sick leave to one hour of vacation leave credit. Retiring employees 55
years or older with at least 25 years of creditable service; employees who are to receive a line-ofduty disability pension; employees who qualify for a City pension and retire with a normal
retirement, take early retirement at age 60 or thereafter or die are entitled to sick leave credit at the
rate of two hours of sick leave to one hour of vacation leave credit.
A-23
April 30, 2013 and 2012
Prepaid Revenue
The Fund reports prepaid lease revenue on its statements of net position when revenues have been
received but not yet earned. In subsequent periods, when revenue recognition criteria are met, the
liability for prepaid lease revenue is removed from the statements of net position and the revenue is
recognized.
Net Position
Net position of the Fund are classified in three components. Net investment in capital assets
consists of capital assets net of accumulated depreciation and reduced by the outstanding balances
of borrowings used to finance the purchase or construction of those assets. Restricted expendable
net position is made up of noncapital assets that must be used for a particular purpose, as specified
by creditors, grantors or donors external to the Fund, including amounts deposited with trustees as
required by bond indentures, reduced by the outstanding balances of any related borrowings.
Unrestricted net position is the net position that does not meet the definition of net investment in
capital assets or restricted net position.
Operating versus Non-operating
The Fund distinguishes operating revenues and expenses from non-operating items. Operating
revenues and expenses generally result from the rental of property or utilization of airport facilities
and infrastructure. Operating revenues also include the transportation facility charges which are
used to operate the consolidated rental car facility transportation system.
Non-operating revenues can be broken down into two main sources:
Passenger Facility Charges – In 1990, Congress approved the Aviation Safety and Capacity
Expansion Act, which authorized domestic airports to impose a passenger facility charge (PFC)
on enplaning passengers. PFC’s may be used for airport projects that meet at least one of the
following criteria: preserve or enhance safety, security or capacity of the national air
transportation system; reduce noise or mitigate noise impacts resulting from an airport or
provide opportunities for enhanced competition between and/or among carriers.
Customer Facility Charges – In January 2001, a customer facility charge user fee of $3.00 per
rental day was imposed on each rental of a passenger vehicle by a customer from a rental car
agency. These fees are for the purpose of paying a portion of the cost of constructing,
equipping, and financing a consolidated rental car facility and for the payment of debt service
on revenue bonds issued for this project.
Contributed Capital
Contributions of capital assets received from other entities, including those from other City funds,
grants and assistance received from other governmental units for the acquisition of capital assets,
are recorded as capital contributions.
A-24
April 30, 2013 and 2012
Interfund Payments
Interfund payments consist primarily of payments to the City’s general fund for administrative,
data processing and accounting services, as well as payments for fire operation services. These
charges are recorded in the contractual services section of the statements of revenues, expenses and
changes in net position. A summary of the administrative service charge, fire protection service
charge and ambulance service charge for the previous two fiscal years are as follows:
April 30, 2013
April 30, 2012
Administrative
Service Charge
Fire Protection
Service Charge
Ambulance
Service Charge
$
$
$
3,909,483
4,367,899
2,772,031
2,903,132
510,411
484,445
Adoption of New Accounting Pronouncements
Effective May 1, 2012, the City adopted GASB Statement No. 57, OPEB Measurements by Agent
Employers and Agent Multiple-Employer Plans. This statement addresses issues related to the use
of the alternative measurement method and the frequency and timing of measurements by
employers that participate in agent multiple-employer other postemployment benefit (OPEB) plans
(that is, agent employers).
Effective May 1, 2012, the City adopted GASB Statement No. 60, Accounting, and Financial
Reporting for Service Concession Arrangements. This statement improves financial reporting by
addressing issues related to service concession arrangements (SCAs). This statement improves
consistency in reporting these types of arrangements, thereby enhancing the comparability of the
accounting and financial reporting of such arrangements among state and local governments.
Effective May 1, 2012, the City adopted GASB Statement No. 63, Financial Reporting of Deferred
Outflows of Resources, Deferred Inflows of Resources, and Net Position. This statement provides
financial reporting guidance for deferred outflows of resources and deferred inflows of resources.
Concepts Statement No. 4, Elements of Financial Statements, introduced and defined those
elements as a consumption of net position by the government that is applicable to a future reporting
period, and an acquisition of net position by the government that is applicable to a future reporting
period, respectively.
Effective May 1, 2012, the City adopted GASB Statement No. 64, Derivative Instruments:
Application of Hedge Accounting Termination Provisions—an amendment of GASB Statement No.
53. This statement clarifies whether an effective hedging relationship continues after the
replacement of an interest rate swap counterparty or swap counterparty’s credit support provider.
This statement sets forth criteria that establish when the effective hedging relationship continues
and hedge accounting should continue to be applied.
Adoption of these statements did not have a material impact on the Fund.
A-25
April 30, 2013 and 2012
New Accounting Pronouncements Not Adopted
In November 2010, the GASB issued Statement No. 61, The Financial Reporting Entity:
Omnibus—an amendment of GASB Statements No. 14 and No. 34 (GASB Statement No. 61). The
objective of this Statement is to improve financial reporting for a governmental financial reporting
entity. This Statement modifies certain requirements for inclusion of component units in the
financial reporting entity. This Statement also amends the criteria for reporting component units as
if they were part of the primary government (that is, blending) in certain circumstances. This
Statement also clarifies the reporting of equity interests in legally separate organizations. It
requires a primary government to report its equity interest in a component unit as an asset. The
City will implement GASB Statement No. 61 beginning with the year ending April 30, 2014.
In March 2012, the GASB issued Statement No. 65, Items Previously Reported as Assets and
Liabilities (GASB Statement No. 65). This Statement establishes accounting and financial
reporting standards that reclassify, as deferred outflows of resources or deferred inflows of
resources, certain items that were previously reported as assets and liabilities and recognizes, as
outflows of resources or inflows of resources, certain items that were previously reported as assets
and liabilities. The City will implement GASB Statement No. 65 beginning with the year ending
April 30, 2014.
In March 2012, the GASB issued Statement No. 66, Technical Corrections—2012—an amendment
of GASB Statements No. 10 and No. 62 (GASB Statement No. 66). The objective of this Statement
is to improve accounting and financial reporting for a governmental financial reporting entity by
resolving conflicting guidance that resulted from the issuance of two pronouncements, Statements
No. 54, Fund Balance Reporting and Governmental Fund Type Definitions, and No. 62,
Codification of Accounting and Financial Reporting Guidance Contained in Pre-November 30,
1989 FASB and AICPA Pronouncements. The City will implement GASB Statement No. 66
beginning with the year ending April 30, 2014.
In June 2012, the GASB issued Statement No. 67, Financial Reporting for Pension Plans—an
amendment of GASB Statement No. 25 (GASB Statement No. 67). The objective of this Statement
is to improve financial reporting by state and local governmental pension plans. This Statement
results from a comprehensive review of the effectiveness of existing standards of accounting and
financial reporting for pensions with regard to providing decision-useful information, supporting
assessments of accountability and interperiod equity, and creating additional transparency.
This Statement replaces the requirements of Statements No. 25, Financial Reporting for Defined
Benefit Pension Plans and Note Disclosures for Defined Contribution Plans, and No. 50, Pension
Disclosures, as they relate to pension plans that are administered through trusts or equivalent
arrangements (hereafter jointly referred to as trusts) that meet certain criteria. The requirements of
Statements 25 and 50 remain applicable to pension plans that are not administered through trusts
covered by the scope of this Statement and to defined contribution plans that provide
postemployment benefits other than pensions. The City will implement GASB Statement No. 67
beginning with the year ending April 30, 2015.
A-26
April 30, 2013 and 2012
In June 2012, the GASB issued Statement No. 68, Accounting and Financial Reporting for
Pensions—an amendment of GASB Statement No. 27 (GASB Statement No. 68). The primary
objective of this Statement is to improve accounting and financial reporting by state and local
governments for pensions. It also improves information provided by state and local governmental
employers about financial support for pensions that is provided by other entities. This Statement
results from a comprehensive review of the effectiveness of existing standards of accounting and
financial reporting for pensions with regard to providing decision-useful information, supporting
assessments of accountability and interperiod equity, and creating additional transparency.
This Statement replaces the requirements of Statement No. 27, Accounting for Pensions by State
and Local Governmental Employers, as well as the requirements of Statement No. 50, Pension
Disclosures, as they relate to pensions that are provided through pension plans administered as
trusts or equivalent arrangements (hereafter jointly referred to as trusts) that meet certain criteria.
The requirements of Statements 27 and 50 remain applicable for pensions that are not covered by
the scope of this Statement. The City will implement GASB Statement No. 68 beginning with the
year ending April 30, 2016.
In January 2013, the GASB issued Statement No. 69, Government Combinations and Disposals of
Government Operations (GASB Statement No. 69). This Statement establishes accounting and
financial reporting standards related to government combinations and disposals of government
operations. As used in this Statement, the term government combinations include a variety of
transactions referred to as mergers, acquisitions and transfers of operations. The City will
implement GASB Statement No. 69 beginning with the year ending April 30, 2015.
In April 2013, the GASB issued Statement No. 70, Accounting and Financial Reporting for
Nonexchange Financial Guarantees (GASB Statement No. 70). This Statement requires a
government that extends a nonexchange financial guarantee to recognize a liability when
qualitative factors and historical data, if any, indicate that it is more likely than not that the
government will be required to make a payment on the guarantee. The City will implement GASB
Statement No. 70 beginning with the year ending April 30, 2015.
The City has not completed its assessment of the impact of the adoption of these statements.
Reclassifications
Certain reclassifications have been made to the 2012 financial statements to conform to the 2013
presentation. The reclassifications had no effect on the changes in financial position.
A-27
April 30, 2013 and 2012
Note 2:
Deposits and Investments
Deposits
The City maintains a cash and investment pool that is available for use by all funds. The pool is
comprised of demand and time deposits, repurchase agreements and other investments with
maturities of less than five years. As of April 30, 2013 and 2012, the carrying amount (book value)
of the City’s deposits, including certificates of deposit and the collateralized money market
account, was approximately $45,069,000 and $43,534,000, respectively, which was covered by
federal depository insurance or by collateral held by the City’s agents under joint custody
agreements in accordance with the City’s administrative code. The Fund’s allocation of deposits
was $10,743,150 and $9,618,994 at April 30, 2013 and 2012, respectively.
Investments – Pooled and Non-Pooled
The City is empowered by City Charter to invest in the following types of securities:
1. United States Treasury Securities (Bills, Notes, Bonds and Strips). The City may invest
in obligations of the United States government for which the full faith and credit of the
United States are pledged for the payment of principal and interest.
2. United States Agency/GSE Securities. The City of Kansas City, Missouri may invest in
obligations issued or guaranteed by any agency of the United States Government and in
obligations issued by any government sponsored enterprise (GSE), which have a liquid
market and a readily determinable market value that are described as follows:
a. U.S. Government Agency Coupon and Zero Coupon Securities.
b. U.S. Govt. Agency Callable Securities. Restricted to securities callable at par only.
c. U.S. Govt. Agency Step-Up Securities. The coupon rate is fixed for an initial term.
At coupon date, the coupon rate rises to a new, higher fixed interest rate.
d. U.S. Govt. Agency Floating Rate Securities. Restricted to coupons with no interim
caps that reset at least quarterly and that float off of only one index.
e. U.S. Govt. Agency Mortgage-Backed Securities (MBS, CMO, Pass-Thru Securities).
Restricted to securities with final maturities of five (5) years or less or have the final
projected payment no greater than four (4) years when analyzed in a +300 basis point
interest rate environment. Restricted to obligations of FNMA, FHLB, FHLMC and
GNMA only.
3. Repurchase Agreements. The City may invest in contractual agreements between the
City and commercial banks or primary government securities dealers. The Bond Market
Association’s guidelines for the Master Repurchase Agreement will be used and will
govern all repurchase agreement transactions. All repurchase agreement transactions will
be either physical delivery or tri-party.
A-28
April 30, 2013 and 2012
4. Bankers’ Acceptances. The City may invest in bankers’ acceptances issued by domestic
commercial banks possessing the highest rating issued by Moody’s Investor Services,
Inc. or Standard & Poor’s Corporation.
5. Commercial Paper. The City may invest in commercial paper issued by domestic
corporations, which has received the highest rating issued by Moody’s Investor Services,
Inc. or Standard & Poor’s Corporation. Eligible paper is further limited to issuing
corporations that have total assets in excess of five hundred million dollars
($500,000,000) and are not listed on Credit Watch with negative implications by any
nationally recognized rating agency at the time of purchase. In addition, the City’s
portfolio may not contain commercial paper of any one corporation, the total value of
which exceeds 2% of the City’s aggregate investment portfolio.
6. Any full faith and credit obligations of the State of Missouri rated at least A or A2 by
Standard & Poor’s or Moody’s.
7. Any full faith and credit obligations of any county in which the city is located rated at
least AA or Aa2 by Standard & Poor’s or Moody’s.
8. Any full faith and credit obligations of any school district in Kansas City, Missouri rated
at least AA or Aa2 by Standard & Poor’s or Moody’s.
9. Any full faith and credit obligations or revenue bonds of the City of Kansas City,
Missouri rated at least AA or Aa2 by Standard & Poor’s or Moody’s.
10. Any municipal obligation as defined in (6), (7), (8) or (9) that is not rated but either prerefunded or escrowed to maturity with U.S. Treasury Securities as to both principal and
interest.
Interest Rate Risk
Interest rate risk is the risk that the fair value of the City’s investments will decrease as a result of
an increase in interest rates. As a means of limiting its exposure to fair value losses arising from
rising interest rates, the City’s investment policy limits the final maturity on any security owned to
a maximum of five years. In addition, the City compares the weighted average maturity of its
portfolio to the weighted average maturity of the Merrill Lynch 1-3 year Government/Agency
index, and relative to the index, may decrease the weighted average maturity of the portfolio during
periods of rising interest rates or increase it during periods of declining rates.
A-29
April 30, 2013 and 2012
As of April 30, 2013, the City had the following investments and maturities (amounts are in
thousands):
Investment Maturities (in Years)
Fair
Value
Investment Type
Pooled investments
U.S. Treasury bills
U.S. Treasury notes/bonds
U.S. Agency discounts
U.S. Agencies – noncallable
U.S. Agencies – callable
$
15,995
153,061
9,996
331,671
147,990
Less
Than 1
$
1–2
15,995
91,065
9,996
153,232
84,727
$
51,658
14,047
23,267
2–3
$
10,338
66,913
-
3–5
$
Weighted
Average
97,479
39,996
0.41
1.11
0.33
1.91
1.82
Total pooled
658,713
355,015
88,972
77,251
137,475
1.58
Non-pooled investments
31,115
5,999
225,219
40,962
15,095
5,999
141,447
32,161
16,020
71,888
4,101
11,884
-
4,700
1.14
0.06
0.87
0.95
303,295
194,702
92,009
11,884
4,700
0.89
$ 962,008
$ 549,717
$ 180,981
89,135
$ 142,175
1.37
Total non-pooled
$
The Fund’s allocation of pooled investments as of April 30, 2013 was $163,022,921. The Fund
was not allocated any of the non-pooled investments as of April 30, 2013.
As of April 30, 2012, the City had the following investments and maturities (amounts are in
thousands):
Investment Maturities (in Years)
Fair
Value
Investment Type
Pooled investments
Municipal securities
U.S. Treasury Bills
Mortgage-backed agency
$
2,072
19,998
138,667
4,994
401,250
105,341
9,513
Less
Than 1
$
2,072
19,998
65,578
4,994
151,140
45,215
9,513
1–2
$
31,005
131,965
30,165
-
2–3
$
31,664
13,455
9,999
-
3–5
$
Weighted
Average
10,420
104,690
19,962
-
0.76
0.12
1.49
0.76
1.78
1.80
0.41
Total pooled
681,835
298,510
193,135
55,118
135,072
1.59
219,759
53,155
77,734
46,635
109,561
-
24,540
3,001
7,924
3,519
1.35
0.70
272,914
124,369
109,561
27,541
11,443
1.22
$ 954,749
$ 422,879
$ 302,696
82,659
$ 146,515
1.53
Total non-pooled
A-30
$
April 30, 2013 and 2012
The Fund’s allocation of pooled and non-pooled investments as of April 30, 2012 was
$158,844,583 and $1,004,810, respectively.
Callable Agency Securities. The City actively monitors its callable bond portfolio with respect to
probability of call relative to market rates of interest. As of April 30, 2013 and 2012, the total fair
value of the City’s callable bond portfolio (pooled and non-pooled) is $188,950,355 and
$158,495,887, respectively.
Mortgage-Backed Securities. The City has invested in a collateralized mortgage obligation
security issued by the Federal National Mortgage Association (FNMA). Details of that security are
as follows:
FNR 2006-17 A, $100,000,000 original par value. The security had a fixed coupon rate of
5.50% and paid principal and interest monthly. The security was purchased on January 12,
2012, and although it had a stated final maturity of April 25, 2033, the security was the first
tranche that began receiving principal payments. The City’s principal amount was fully retired
during the year ended April 30, 2013. At April 30, 2012, the security had a remaining face
value of $9,425,782, a book value of $9,613,931, and a fair market value of $9,514,196.
Credit Risk
Credit risk is the risk that the City will not recover its investments due to the inability of the
counterparty to fulfill its obligation. In order to prevent over concentration by investment type and
thereby mitigate credit risk, the City’s Investment Policy provides for diversification of the
portfolio by investment type as follows:
Investment Type
Maximum
U.S. Treasury Securities and Government Guaranteed Securities
Collateralized Time and Demand Deposits
U.S. Government Agency and GSE Securities
Collateralized Repurchase Agreements
U.S. Agency Callable Securities
Commercial Paper
Bankers Acceptances
Qualified Municipal Obligations
100%
100%
80%
50%
30%
30%
30%
10%
As of April 30, 2013, the City had the following pooled and non-pooled investment balances which
are rated by both Moody’s and Standard & Poor’s (amounts are in thousands):
Fair
Value
U.S. Treasury securities
U.S. Agency securities
A-31
$
200,171
761,837
$
962,008
Moody’s/
S&P Ratings
Aaa/AA+
Aaa/AA+
April 30, 2013 and 2012
As of April 30, 2012, the City had the following pooled and non-pooled investment balances which
are rated by both Moody’s and Standard & Poor’s (amounts are in thousands):
Fair
Value
U.S. Treasury securities
U.S. Agency securities
Municipal obligations
$
158,665
794,012
2,072
$
954,749
Moody’s/
S&P Ratings
Aaa/AA+
Aaa/AA+
Aa2/AA
Custodial Credit Risk
Custodial credit risk is the risk that, in the event of the failure of the counterparty, the City will not
be able to recover the value of its deposits, investments or collateral securities that are in the
possession of an outside party (i.e., the City’s safekeeping institution).
The City’s investment policy requires that all funds on deposit with any financial institution be
secured with collateral securities in an amount equal to at least 102 percent of the deposit less any
amount insured by the Federal Deposit Insurance Corporation (FDIC), or any other governmental
agency performing a similar function. As of April 30, 2013 and 2012, all deposits were adequately
and fully collateralized.
The City’s investment policy requires that all investment securities be held in the City’s name in
the City’s safekeeping account at its safekeeping institution, thereby mitigating custodial credit
risk. As of April 30, 2013 and 2012, all investment securities were in the City’s name in the City’s
safekeeping accounts at its safekeeping institutions. In addition, all collateral securities were in the
City’s joint custody account(s) at the Federal Reserve Bank and were either U.S. Treasury (U.S.
Government guaranteed) or U.S. Agency (Aaa/AAA rated) obligations, with the exception of an
irrevocable Letter of Credit issued in the City’s favor by the Federal Home Loan Bank in the
amount of $7,500,000 at April 30, 2013 to secure the City’s deposits at Commerce Bank. The
Letter of Credit was safe kept in the City’s cash vault in the Cash Operations section of the
Treasury Division.
Concentration of Credit Risk
At April 30, 2013, more than five percent of the City’s investments are in the following U.S.
Agency discount note/securities: Federal Farm Credit Bank, Federal Home Loan Bank, Federal
Home Loan Mortgage Corporation and Federal National Mortgage Association. These investments
are 10%, 24%, 18% and 26%, respectively, of the City’s total investments.
At April 30, 2012, more than five percent of the City’s investments are in the following U.S.
Agency discount note/securities: Federal Farm Credit Bank, Federal Home Loan Bank, Federal
Home Loan Mortgage Corporation and Federal National Mortgage Association. These investments
are 10%, 24%, 21% and 26%, respectively, of the City’s total investments.
A-32
April 30, 2013 and 2012
In the City’s opinion, the debt securities issued by these agencies do not have an explicit
government guarantee, but rather an implied guarantee, and therefore the City does not impose
limits as to the concentration of any one agency. However, total agency securities in the portfolio
are limited by the investment policy to 80% of the total portfolio value.
Summary
The following is a complete listing of cash and investments held by the Fund at April 30, 2013 and
2012:
2013
2012
Deposits
Pooled investments
Total
$ 10,743,150
163,022,921
-
$
9,618,994
158,844,583
1,004,810
$ 173,766,071
$ 169,468,387
The deposits and investments of the Fund at April 30, 2013 and 2012 are reflected in the statements
of net position as follows:
2013
2012
Current unrestricted investments
Current restricted investments
Restricted cash and cash equivalents
Non-current unrestricted investments
Non-current restricted investments
$
Total
Note 3:
5,437,591
14,401,556
14,509,336
5,305,559
66,806,029
67,306,000
$ 173,766,071
$
4,345,014
11,608,132
15,267,665
5,273,980
58,004,463
74,969,133
$ 169,468,387
Allowance for Doubtful Accounts
Changes in allowance for doubtful accounts for the years ending April 30, 2013 and 2012 are as
follows:
Beginning
Bad Debt
Ending
Balance
Expensed
Write-offs
Balance
April 30, 2013
April 30, 2012
$
(597,762)
(431,887)
$
(22,780)
(1,012,964)
A-33
$
273,132
847,089
$
(347,410)
(597,762)
April 30, 2013 and 2012
The balance in the allowance account reflects probable losses in the respective accounts receivable
balances based on an analysis of individual customer accounts. Unrestricted and restricted
allowance balances for April 30, 2013 were $(347,410) and $0, respectively; unrestricted and
restricted allowance balances for April 30, 2012 were $(597,762) and $0, respectively.
Note 4:
Prepaid Expenses
Changes in prepaid expense for the years ended April 30, 2013 and 2012 are as follows:
Beginning
Balance
April 30, 2013
April 30, 2012
$
473,320
523,043
Amounts
Prepaid
Amounts
Expensed
$ 1,236,718
970,098
$ (1,083,208)
(1,019,821)
Ending
Balance
$
626,830
473,320
Prepaid expense balances include prepaid insurance premiums less any monthly amortized expense
for airport and law enforcement liability insurance, property insurance and prepaid deposits.
Note 5:
Capital Assets
Capital assets activity for the year ended April 30, 2013, is as follows:
2013
Beginning
Balance
Capital assets not being depreciated
Land
$
Total
Other capital assets
Buildings
Infrastructure
Equipment
Total
Less accumulated depreciation
Buildings
Infrastructure
Equipment
Total
Other capital assets, net
37,862,553
9,296,498
47,159,051
Additions
$
350,324
24,886,425
25,236,749
Disposals
$
-
Ending
Balance
Transfers
$
(15,055,239)
(15,055,239)
$
38,212,877
19,127,684
57,340,561
656,038,080
573,776,425
95,575,612
1,325,390,117
400,000
4,322,545
4,722,545
(494,775)
(494,775)
3,918,114
11,137,125
15,055,239
660,356,194
584,913,550
99,403,382
1,344,673,126
273,238,081
360,171,888
89,740,448
723,150,417
24,351,935
26,417,075
3,628,150
54,397,160
(494,775)
(494,775)
-
297,590,016
386,588,963
92,873,823
777,052,802
602,239,700
(49,674,615)
15,055,239
567,620,324
$ 649,398,751
$(24,437,866)
-
$ 624,960,885
A-34
$
-
$
April 30, 2013 and 2012
Capital assets activity for the year ended April 30, 2012, is as follows:
2012
Beginning
Balance
Capital assets not being depreciated
Land
$
Total
Other capital assets
Buildings
Infrastructure
Equipment
Total
Buildings
Infrastructure
Equipment
Total
Other capital assets, net
Note 6:
37,862,553
8,108,811
45,971,364
Additions
$
44,317,491
44,317,491
Disposals
$
-
Ending
Balance
Transfers
$
(43,129,804)
(43,129,804)
$
37,862,553
9,296,498
47,159,051
650,350,948
536,333,753
95,540,720
1,282,225,421
1,438,804
1,438,804
(1,403,912)
(1,403,912)
5,687,132
37,442,672
43,129,804
656,038,080
573,776,425
95,575,612
1,325,390,117
248,994,728
333,039,731
87,226,656
669,261,115
24,243,353
27,132,157
3,917,704
55,293,214
(1,403,912)
(1,403,912)
-
273,238,081
360,171,888
89,740,448
723,150,417
612,964,306
(53,854,410)
43,129,804
602,239,700
$ 658,935,670
$ (9,536,919)
-
$ 649,398,751
$
-
$
Bond Issue Costs
Costs associated with the issuance of bonds are amortized over the life of their respective bonds.
Issue costs and associated amortization of these costs at April 30, 2013 and 2012 are as follows:
Bond issue costs
Accumulated amortization
Net bond issue costs
Bond issue costs
Accumulated amortization
Net bond issue costs
Balance at
April 30, 2012
Additions/
Amortization
Refunded
$
4,945,770
(2,659,220)
$
(271,887)
$
-
$
-
$
4,945,770
(2,931,107)
$
2,286,550
$
(271,887)
$
-
$
-
$
2,014,663
Retired
Balance at
April 30, 2013
Balance at
April 30, 2011
Additions/
Amortization
Refunded
$
4,945,770
(2,326,812)
$
(332,408)
$
-
$
-
$
4,945,770
(2,659,220)
$
2,618,958
$
(332,408)
$
-
$
-
$
2,286,550
A-35
Retired
Balance at
April 30, 2012
April 30, 2013 and 2012
Note 7:
Claims Liability
The Fund is exposed to various risks of loss related to torts; theft, damage and destruction of assets;
errors and omissions; injuries to employees and natural disasters. The Fund participates in the
City’s self-insurance programs for workers’ compensation and excess liability for auto. The City
has purchased insurance to limit the exposure of workers’ compensation claims to $1,000,000 per
occurrence for all claims occurring prior to fiscal year 1997, $500,000 for all claims originating in
fiscal year 1997, $400,000 for all claims originating in fiscal year 1998, $2,000,000 for all claims
originating in fiscal years 2003 through 2007, and $1,000,000 for all claims originating thereafter.
The City’s excess liability policy covers torts, which are not barred by sovereign immunity. The
policy has a $2,600,000 retention and a $5,000,000 loss limit. Current sovereign tort immunity
statutes and law limit general liability and automobile claims exposure to a maximum of $378,814
per person and $2,525,423 per occurrence. Settled claims have not exceeded the self-insurance
retention in any of the past three fiscal years.
The Fund also maintains commercial insurance coverage for those areas not covered by the City’s
self-insurance programs, such as general liability, property, law enforcement and the Fund’s
portion of the City-wide auto policy. Settled claims have not exceeded commercial insurance
coverage for the past three years.
All funds of the City participate in the program and make payments based on estimates of amounts
needed to pay prior and current year claims. The claims liability for the Fund includes an estimate
of claims incurred but not reported (IBNR), which was determined based upon historical claims
experience.
Activity in the Fund’s claims liability for the years ended April 30, 2013 and 2012 is summarized
as follows:
Beginning
Balance
April 30, 2013 $ 1,069,448
1,835,183
April 30, 2012
Change in
Estimate/
Additions
$
381,072
(441,626)
A-36
Deductions
Ending
Balance
Current
Portion
$ (421,976)
(324,109)
$ 1,028,544
1,069,448
$ 286,540
325,548
April 30, 2013 and 2012
Note 8:
Bonds Outstanding and Restricted Assets
Bonds Outstanding
The following is a summary of bonds outstanding as of April 30, 2013 and 2012:
Series
Type
Coupon
Range (%)
Original
Issuance
Yield
Range (%)
Final
Maturity
2001
2003A
2003B
2004E
2005C
2008A
PFC
GARB
GARB
GARB
CFC
GARB
5.00 - 5.00
3.60 - 5.75
4.25 - 5.375
3.00 - 5.25
5.00 - 5.25
4.00 - 5.00
140,000,000
76,955,000
53,055,000
25,835,000
57,020,000
28,580,000
3.23 - 5.32
2.75 - 4.75
4.12 - 4.29
2.00 - 4.27
4.25 - 5.40
2.65 - 3.81
April 2026
September 2027
September 2018
September 2012
September 2020
September 2014
Add
Premiums
Less
Current portion
Deferred charge on refunding
Discount
Non current portion
Balance
April 30, 2013
Balance
April 30, 2012
$
$
93,850,000
63,465,000
53,055,000
36,960,000
26,625,000
273,955,000
98,940,000
66,415,000
53,055,000
7,025,000
40,670,000
28,095,000
294,200,000
1,467,189
1,992,907
(25,270,000)
(338,986)
(752,427)
(20,245,000)
(623,176)
(812,035)
$ 249,060,776
$ 274,512,696
The bonds currently outstanding were issued to either finance capital improvements or to refund
previously outstanding bonds as noted below.
Bond Series 2001 – issued to finance a portion of the design and construction costs of terminal
improvements at Kansas City International Airport.
Bond Series 2003A – issued to finance a portion of the costs of extensive capital improvements to
the existing terminal buildings at Kansas City International Airport.
Bond Series 2003B – issued to finance the costs of the acquisition, construction, and equipping of a
long-term satellite parking facility at Kansas City International Airport.
Bond Series 2004E – issued to refund outstanding Bond Series 1994A issued to finance
rehabilitation of runways and taxiways at Kansas City International Airport.
Bond Series 2005C – issued to finance a portion of the construction costs of the consolidated rental
car facility and to refund outstanding Bond Series 2000 issued to finance preliminary design and
engineering of a consolidated rental car facility at Kansas City International Airport.
Bond Series 2008A – issued to refund outstanding Bond Series 1997A, which refunded outstanding
Bond Series 1994B issued to finance the construction and equipping of parking facilities at Kansas
City International Airport.
A-37
April 30, 2013 and 2012
Changes in bonds payable for the years ending April 30, 2013 and 2012 are as follows:
Balance at
April 30, 2012
Bonds payable
$
294,200,000
Less
Unamortized bond discount
Add
Unamortized bond premium
Total bonds payable
Additions
$
1,992,907
294,757,696
$
Balance at
April 30, 2011
Bonds payable
$
313,755,000
Less
Unamortized bond discount
Add
Unamortized bond premium
Total bonds payable
-
(812,035)
(623,176)
$
$ 273,955,000
-
59,608
284,190
(752,427)
(338,986)
-
(525,718)
1,467,189
(20,426,920)
$ 274,330,776
$
Additions
$
Reductions
-
2,651,062
314,567,162
$
$
Balance at
April 30, 2013
(20,245,000)
-
(871,643)
(967,257)
$
Reductions
(19,555,000)
$ 294,200,000
-
59,608
344,081
(812,035)
(623,176)
-
(658,155)
1,992,907
(19,809,466)
$ 294,757,696
-
$
Balance at
April 30, 2012
$
The debt service requirements as of April 30, 2013, are as follows:
Year Ending
April 30,
2014
2015
2016
2017
2018
2019 - 2023
2024 - 2028
Total to
be Paid
Principal
Interest
$
38,219,358
38,170,435
37,805,831
37,693,455
37,601,955
105,277,231
59,328,869
$
25,270,000
26,455,000
27,410,000
28,710,000
30,095,000
82,660,000
53,355,000
$
12,949,358
11,715,435
10,395,831
8,983,455
7,506,955
22,617,231
5,973,869
$
354,097,134
$
273,955,000
$
80,142,134
A-38
April 30, 2013 and 2012
Restricted Assets
Restricted accounts and special reserves as required by bond ordinances are reported on the
accompanying statements of net position as restricted assets with the following balances at April 30,
2013 and 2012:
Account
Restricted
Assets
Restricted
Net Position
Bond Reserve for Senior and Subordinate GARBs
Airline Operations and Maintenance Reserve
Principal and Interest for Senior and Subordinate GARBs
Drug Enforcement Agency
Richards-Gebaur Proceeds
Construction Funds
Passenger Facility Charge
Customer Facility Charge
MDFB Tax Credits
Other Restricted
Interest Receivable
$ 12,858,000
10,869,000
15,590,251
142,005
16,664
9,733,229
26,074,989
4,773,735
7,063,022
3,931,116
251,099
$ 12,858,000
10,869,000
13,743,333
142,005
16,664
9,733,229
26,074,989
4,773,735
7,063,022
3,378,256
251,099
Total at April 30, 2013
$ 91,303,110
$ 88,903,332
Total at April 30, 2012
$ 99,053,810
$ 96,775,688
Under the terms of various ordinances enacted at issuance of revenue bonds, the Fund must
maintain adequate insurance coverage, rates and fees sufficient to pay reasonable and proper
operating and maintenance expenses and scheduled debt service requirements. The ordinances also
establish priorities for the allocation of revenues. After meeting normal operating and maintenance
expenses, all remaining monies are to be allocated to the following accounts in the order listed on
the next page.
A-39
April 30, 2013 and 2012
Ordinances establish the priorities for the allocation of revenues and said allocation is to the
following accounts in the order listed below:
Operation and Maintenance Account
Pay all current operation and maintenance expenses

Airline O&M Reserve Account
Maintain $1,000,000 to pay for reasonable and proper
operating and maintenance expenses of the airports

Principal and Interest Accounts for Senior GARBs
Maintain funds to meet the maturing senior GARB bond
principal and interest requirements

Bond Reserve Account for Senior GARBs
Maintain senior GARB bond reserves

Principal and Interest Account for Subordinate GARBs
Maintain fund to meet the maturing subordinate GARB
bond principal and interest requirements

Deferred Maintenance Reserve Account
Maintain funds to pay O&M expenses and unusual or
extraordinary maintenance or repairs

Extension and Bond Retirement Account
Accumulate all remaining funds in the Airport Fund
account after the preceding deposits have been made to
be used for any lawful purpose, including payments for
capital purposes
A-40
April 30, 2013 and 2012
At April 30, 2013 and 2012, the Fund was in compliance with the provisions of the ordinances
relating to the maintenance of restricted accounts and special reserves and coverage requirements.
Resources received with purpose restrictions are shown as restricted until the resources are used for
the specified purpose.
Pledged Revenues
The $143,145,000 of outstanding GARB bonds and the interest thereon are payable solely from the
revenues derived from airport operations and have a first lien on these airport operation revenues.
The GARB bonds were issued to fund all or a portion of the costs of constructing and rehabilitating
general airport facilities, including but not limited to terminal buildings, ramps, runways, taxiways
and parking facilities. The 2013 and 2012 annual principal and interest payments on these bonds
were 16.1% and 16.2% of the total revenues, respectively. The outstanding principal and interest
requirements through maturity total $179,146,796, and it is anticipated the remaining annual debt
service payments will be between 5% and 20% of annual revenues.
The $36,960,000 of outstanding CFC bonds and the interest thereon are also payable solely from
the revenues derived from airport operations, but are junior and subordinate with respect to the
payment of principal and interest from the airport operation revenues and in all other respects to the
outstanding senior GARB bonds. The CFC bonds were issued to fund the costs of constructing a
consolidated rental car facility. The 2013 and 2012 annual principal and interest payments on these
subordinate bonds, excluding the GARB debt service requirements, were 4.9% of the total
revenues. The outstanding principal and interest requirements through maturity total $45,060,338
and it is anticipated the remaining annual debt service payments on these subordinate bonds will be
approximately 5% of annual revenues.
The $93,850,000 of outstanding PFC bonds issue and the interest thereon are payable solely from
PFC revenues generated from the operation of the airport. These bonds are not secured by any
other revenues of the airport. The PFC bonds were issued to fund a portion of the costs of
constructing and rehabilitating the airport terminals. The 2013 and 2012 annual principal and
interest payments on these bonds were 51.6% and 48.2% of the total PFC revenues, respectively.
The outstanding principal and interest requirements through maturity total $129,890,000 and it is
anticipated the remaining annual debt service payments will be approximately 51% of annual PFC
revenues.
Note 9:
Legal Debt Margin
The Fund computes its legal debt margin for general obligation bonds ordinary indebtedness and
additional indebtedness based on Sections 26(b) to (c) and 26(d) to (e), respectively, of the State
Constitution of Missouri. The bonds issued for aviation purposes and subject to these financial
statements are not subject to the legal debt margin of those State Constitution sections. Therefore,
no legal debt margin computation is made for the bonds issued for aviation purposes.
A-41
April 30, 2013 and 2012
Voting Authority for Issuance
On August 2, 1988, the City held an election at which the qualified voters of the City approved the
City’s issuance of up to $330,000,000 principal amount of airport revenue bonds to be payable
solely from the revenues derived by the City from the operation of its airports, including all future
improvements and extensions thereto, for the purpose of paying the cost of extending and
improving the airports owned and operated by the City, including runways, terminal buildings and
related facilities. On August 8, 2000, the voters approved an additional $395,000,000 of airport
revenue bonds for improvements at the airports. As of April 30, 2013, the City has issued
$330,000,000 of general airport revenue bonds payable from the 1988 authorization and
$154,584,105 of the 2000 authorization. This exhausts the 1988 authorization and leaves
$240,415,895 available from the 2000 authorization. The City intends to issue the balance of the
authorization in future financing.
Note 10: Passenger Facility Charges
In 1990, the United States Congress enacted the Aviation Safety and Capacity Expansion Act
(“ASCEA”) of 1990, which allows public agencies controlling commercial service airports to charge
eligible enplaning passengers at the airport a $1, $2 or $3 passenger facility charge, or PFC. In 2000,
the U.S. Congress passed the Aviation Investment and Reform Act for the 21st Century (“AIR-21”),
which allowed airports to levy a PFC of $4.00 or $4.50 per eligible enplaned passenger.
The proceeds from PFCs are to be used to finance eligible airport-related projects that preserve or
enhance safety, capacity or security of the national air transportation system, reduce noise from an
airport that is part of such system or furnish opportunities for enhanced competition between or
among air carriers.
Since the ASCEA authorization, the Fund has submitted a total of eight applications. As of August 8,
2006, approval was granted to increase the PFC collection rate from $3.00 to $4.50 per eligible
enplaning passenger. On February 7, 2013, the Fund received approval from the Federal Aviation
Administration (FAA) for new projects increasing collection authority to $428,359,762.
Note 11: Use and Lease Agreements
The Fund has a five-year Use and Lease Agreement (Agreement) with certain air carriers
(signatory carriers) serving Kansas City International (KCI) effective through April 30, 2014.
Pursuant to the Agreement, signatory air carriers have agreed to a guaranteed minimum amount of
rentals and fees based on expected levels of use of airport facilities. Further, the Agreement
provides the determination for the landing fees and apron, terminal and passenger boarding bridge
rents at KCI along with granting certain rights and privileges to air carriers, both passenger and
cargo. The Agreement provides for an annual settlement, post fiscal year end close, whereby the
rates and charges are recalculated using audited financial statements to determine any airline
over/under payment. For settlements completed in fiscal years ended April 30, 2013 and 2012,
amounts due (to) from the airlines were ($1,122,794) and $2,174,869, respectively.
A-42
April 30, 2013 and 2012
Minimum future rentals scheduled to be received on operating leases that have initial or remaining
noncancelable terms in excess of one year for each of the next five years and thereafter at April 30,
2013 are as follows:
2014
2015
2016
2017
2018
2019 - 2023
2024 - 2028
2029 - 2033
2034 - 2038
2039 - 2043
2044 - 2047
$
8,735,450
7,584,934
6,596,967
6,412,398
5,441,310
25,518,413
16,047,422
8,512,014
5,504,147
1,220,039
486,208
$ 92,059,302
Note 12: Employee Retirement Plan
Plan Description
The board of trustees of the Employees’ Retirement System of the City of Kansas City, Missouri
(the Board) administers the Employees’ Retirement System of the City (the Employees’ Plan), a
contributory, single-employer, defined benefit public employee retirement plan. The Board is
responsible for establishing and amending plan provisions. The Board issues publicly available
financial reports that include financial statements and required supplementary information for the
Employees’ Plan. The financial reports may be obtained by writing to The Retirement Division of
the City of Kansas City, Missouri, 12th Floor, City Hall, 414 East 12th Street, Kansas City,
Missouri 64106 or by calling (816) 513-1928.
A-43
April 30, 2013 and 2012
Funding Policy
The Employees’ Plan’s funding policy provides for periodic employer contributions at actuarially
determined rates that, expressed as percentages of annual covered payroll, are sufficient to
accumulate sufficient assets to pay benefits when due. The employer contributions are established
by the Board. Level percentages of payroll employer contribution rates are determined using the
individual entry age normal method.
As a condition of participation in the Employees’ Plan, members are required to contribute four
percent of their salary to the Employees’ Plan. The Fund contributes the balance required to pay
pensions and maintain the system on an actuarially sound basis.
The city-wide pension plan summary for the last three fiscal years is as follows:
Fiscal Year
Ended
4/30/2013
4/30/2012
4/30/2011
Actuarial Value
of Assets
Actuarial Accrued
Liability
Funded (Unfunded)
Actuarial Liability
$
$
$
847,089,856
806,792,596
749,551,649
1,070,752,440
1,010,996,133
994,767,684
(223,662,584)
(204,203,537)
(245,216,035)
A summary of the Fund’s participation in the pension plan based on payroll percentages for the
above fiscal years is as follows:
Fiscal Year
Ended
4/30/2013
4/30/2012
4/30/2011
Annual Pension
Cost (APC)
$
Percent of APC
Contributed
2,430,741
3,193,630
3,265,998
92.53%
69.77%
66.75%
A-44
Net Pension
Obligation
$
4,425,963
4,244,443
3,278,916
April 30, 2013 and 2012
The net pension obligation at April 30, 2013 is as follows:
City
Fund
$ 27,682,872
2,667,323
(2,635,139)
27,715,056
$ 2,425,114
318,333
(312,706)
2,430,741
(25,675,038)
(2,249,221)
2,040,018
181,520
Net pension obligation, April 30, 2012
35,564,313
4,244,443
Net pension obligation, April 30, 2013
$ 37,604,331
$ 4,425,963
Annual required contribution (ARC)
Interest on net pension obligation
Adjustment to annual required contribution
Annual pension cost (APC)
Contributions made
Net employer contributions
Change in net pension obligation
Actuarial Methods and Assumptions
In the May 1, 2012 actuarial valuation, the individual entry age actuarial cost method was used.
The actuarial assumptions included a 3.0% inflation rate, a 7.5% investment rate of return (net of
administrative expenses), a 4.0% projected salary increase for all employees aged 55 or younger
and a 3.0% cost-of-living adjustment rate. The actuarial value of assets was determined using
techniques that spread the effects of short-term volatility in the market value of investments over a
four year period. The unfunded actuarial accrued liability is being amortized as a level percentage
of projected payroll on an open basis over thirty years. The remaining amortization period at
April 30, 2013 was 24.8 years.
Note 13: Postemployment Benefits Other than Pensions
Plan Description
The City sponsors a single-employer, defined benefit health care plan that provides health care
benefits to retirees and their dependents, including medical and pharmacy coverage. The City
requires the retirees to pay 100% of the same medical premium charged to active participants.
Beginning with fiscal year 2011, the City of Kansas City moved to a self-insured health care
system. The funds collected by retirees for health insurance are deposited in an internal service
fund of the City. The rates being paid by retirees for benefits are typically lower than those for
individual health insurance policies. The difference between these amounts is the implicit rate
subsidy, which is considered Other Post Employment Benefits (OPEB) under GASB 45.
A-45
April 30, 2013 and 2012
Retirees and spouses have the same benefits as active employees. Retiree coverage terminates either
when the retiree becomes covered under another employer health plan, or when the retiree reaches
Medicare eligibility age which is currently age 65. Spousal coverage is available until the retiree
becomes covered under another employer health plan, attains Medicare eligibility age or dies.
Funding Policy
GASB 45 does not require funding of the OPEB liability and at this time, the liability for the City
is unfunded. Contributions are made to the plan on a pay-as-you-go basis.
For the year ended April 30, 2013, retirees receiving benefits contributed $5,609,559 for current
premiums (approximately 45.8% of total aged adjusted premiums based on implied City
contributions of $6,637,392), through their required contracted amount paid to the Health Care
Trust Fund of Kansas City for the plan of the retirees’ choosing. Total age adjusted premiums for
the year were $12,246,951.
Annual OPEB Cost and Net OPEB Obligation
The City’s annual OPEB cost is calculated on the annual required contribution (ARC) of the
employer, an amount actuarially determined in accordance with the parameters of GASB Statement
45. The ARC represents a level of funding that, if paid on an ongoing basis, is projected to cover
normal costs each year and amortize any unfunded actuarial liabilities (or funding excess) over a
period not to exceed thirty years. The following table shows the components of the City’s annual
OPEB cost for the year, the amount actually contributed to the plan and changes in the City’s net
OPEB obligation.
The Employee/Firefighter annual OPEB cost, the percentage of annual OPEB cost contributed to
the plan, and the net OPEB obligation for the last three fiscal years is as follows:
Annual OPEB
Cost (AOC)
Fiscal Year End
4/30/13
4/30/12
4/30/11
$
Percentage of
AOC Contributed
9,579,285
7,545,185
7,379,701
69.29%
31.72%
29.16%
Net OPEB
Obligation
$
63,761,405
60,819,512
55,667,886
A summary of the Fund’s annual OPEB cost, the percentage of annual OPEB cost contributed to
the plan, and the net OPEB obligation for the above fiscal years is as follows:
Annual OPEB
Cost (AOC)
Fiscal Year End
4/30/13
4/30/12
4/30/11
$
Percentage of
AOC Contributed
650,668
502,428
508,914
A-46
69.70%
32.03%
29.34%
Net OPEB
Obligation
$
4,609,293
4,412,141
4,070,662
April 30, 2013 and 2012
The net OPEB obligation at April 30, 2013 is as follows:
City
Annual required contribution
Interest on net OPEB obligation
Adjustment to annual required contribution
Annual OPEB cost (expense)
$ 10,494,638
2,736,878
(3,652,231)
9,579,285
Fund
$
717,073
198,546
(264,951)
650,668
Contributions made
Net employer contributions
Increase in net OPEB obligation
(6,637,392)
2,941,893
(453,516)
197,152
Net OPEB obligation, beginning of year
60,819,512
4,412,141
$ 63,761,405
$ 4,609,293
Net OPEB obligation, end of year
Funded Status and Funding Progress
As of May 1, 2012, the most recent actuarial valuation date, the Plan was 0.0 percent funded. The
actuarial accrued liability for benefits was $105.0 million and the actuarial value of assets was $0,
resulting in an unfunded actuarial accrued liability (UAAL) of $105.0 million. The covered payroll
(annual payroll of active employees covered by the plan) was $221.2 million, and the ratio of
UAAL to the covered payroll was 47.5 percent.
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, mortality and the health care 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. A schedule of funding progress is presented in the City’s
comprehensive annual financial report as required supplementary information following the notes
to the financial statements and presents multi-year trend information over time relative to the
actuarial accrued liabilities for benefits.
Actuarial Methods and Assumptions
Projections of benefits for financial reporting are based on the substantive plan (the plan as
understood by the employer and the plan members) 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 short-term volatility in actuarial accrued
liabilities and the actuarial value of assets, consistent with the long-term perspective of the
calculations.
A-47
April 30, 2013 and 2012
In the May 1, 2012 actuarial valuation, the individual entry age actuarial cost method was used. The
actuarial assumptions included a 3.0% inflation rate, a 4.5% investment rate of return (net of
administrative expenses), which is a blended rate of the expected long-term investment returns on plan
assets (of which there are none) and on the employer’s own investments calculated based on the
funded level of the plan at the valuation date and an annual healthcare cost trend rate of 9-10 percent
annually, reduced by decrements to an ultimate rate of 4.5% after 11 years. The actuarial value of
assets was determined using techniques that spread the effects of short-term volatility in the market
value of investments over a five year period. The UAAL is being amortized as a level percentage of
projected payroll on an open basis. The remaining amortization period at April 30, 2012 was thirty
years.
The May 1, 2012 actuarial valuation included the following changes in assumptions:
1. Implementation of New Firefighter Explicit Subsidy: Effective November 1, 2010, the
City began paying a $100 per month retiree health subsidy to retired firefighters. This
subsidy does not require the retiree to participate in the Kansas City Employees and
Firefighters Retiree Health Care Plan. Effective November 1, 2011, the subsidy was
increased to $200 per month. The City’s liability for that subsidy was included in the
valuation. The inclusion of that subsidy increased the Actuarial Accrued Liability as of
April 30, 2012 by $27.2 million and increased the Annual Required Contribution for Fiscal
Year Ending April 30, 2013 by $1.6 million. However, the expected City payments for the
subsidy for Fiscal Year Ending April 30, 2013 was also $1.6 million, so the net impact on
the Net OPEB Obligation as of April 30, 2013, was negligible.
2. MAST Employees: This valuation includes liabilities for retiree healthcare benefits for
employees previously employed by a private ambulance company known as MAST. These
employees were allowed an election into the City of Kansas City, Missouri Employees’
Retirement System which provides a Defined Benefit or into a separate money purchase
plan. At this time, it has not been determined if MAST employees will be eligible for
retiree health benefits if they did not elect to participate in the Defined Benefit Plan. All
MAST employees were included in this valuation as of April 30, 2012.
3. Changes to Pension Assumptions: Both the City of Kansas City, Missouri Employees’
Retirement System and the City of Kansas City, Missouri Firefighters’ Pension System had
experience studies performed in 2011 and updated their assumptions for use in the April 30,
2012 actuarial valuations in conjunction with those studies. The assumptions were used in
the May 1, 2012 valuation accordingly.
A-48
April 30, 2013 and 2012
Note 14: Net Position
Net investment in capital assets at April 30, 2013 and 2012 is as follows:
Capital Assets
Land
Buildings
Infrastructure
Equipment
Capital assets, net
Bond issuance costs, net
Total capital related assets
2013
2012
$ 38,212,877
19,127,684
660,356,194
584,913,550
99,403,382
1,402,013,687
(777,052,802)
624,960,885
2,014,663
626,975,548
$ 37,862,553
9,296,498
656,038,080
573,776,425
95,575,612
1,372,549,168
(723,150,417)
649,398,751
2,286,550
651,685,301
744,801
25,270,000
249,060,776
275,075,577
1,428,308
20,245,000
274,512,696
296,186,004
$ 351,899,971
$ 355,499,297
2013
2012
Less Related Liabilities
Capital related liabilities
Current portion, bonds payable
Bonds payable, net of premium and discount
Total capital related liabilities
Net Investment in Capital Assets
Restricted net position at April 30, 2013 and 2012 is as follows:
Restricted Assets
Investments
Accounts and interest receivable
$
Less Liabilities Payable from Restricted Assets
Other liabilities payable from restricted assets
Accrued interest and fiscal agent fees
Restricted Net Position
A-49
5,305,559
81,815,336
4,182,215
$
5,273,980
90,236,798
3,543,032
91,303,110
99,053,810
552,860
1,846,918
289,127
1,988,995
2,399,778
2,278,122
$ 88,903,332
$ 96,775,688
April 30, 2013 and 2012
Note 15: Other Accrued Liabilities
On December 1, 2009, BBA US Holdings, Inc. (“BBA”) and its subsidiary, Executive Beechcraft,
Inc. (“Executive Beechcraft”), filed a petition in the Circuit Court of Jackson County, Missouri,
(Case No. 0916CV-36906) against the City and other defendants relating to a transaction involving
BBA’s acquisition of Topeka Aircraft, Inc., (including its subsidiary, Executive Beechcraft, Inc.,
operating a fixed base operation at the Charles B. Wheeler Downtown Airport (the “Downtown
Airport”)). In its lawsuit, BBA alleged that the City misrepresented certain facts thereby causing
BBA to overpay for its purchase of Topeka Aircraft, Inc. The case was settled during the year
ended April 30, 2013. Under the terms of the settlement, the City was released from all claims by
BBA and modifications were made to the lease agreement between BBA and the Fund. The Fund
agreed to grant a total of $2.5 million in rent credits to BBA through December 31, 2018. The
settlement has been accrued in the current and long-term other accrued liabilities in the
accompanying financial statements.
Note 16: Commitments and Contingencies
Commitments
At April 30, 2013, the City had made purchase commitments, primarily for construction projects,
on behalf of the Fund of approximately $35.0 million. These commitments will be funded by
existing resources.
Government Grants
The Fund is currently participating in numerous grants from various departments and agencies of
the federal and state governments. The expenditures of grant proceeds must be for allowable and
eligible purposes. Single audits and audits by the granting department or agency may result in
requests for reimbursement of unused grant proceeds or disallowed expenditures. Upon
notification of final approval by the granting department or agency, the grants are considered
closed.
Note 17: Due from Other Funds
During the year ended April 30, 2011, the Fund transferred $10,200,000 to the City’s general fund
to assist with the City’s historical tax increment financing (TIF) liability. This interfund loan is to
be repaid over a five-year period at an interest rate of three percent. Subsequent to year end, the
loan payments were extended for an additional year, changing the final maturity date to July 1,
2016. Principal payments are due July 1 each year beginning July 1, 2011, with interest payments
due on July 1 and January 1 each year. This receivable is recorded on the statements of net
position in the current and non-current sections as due from other funds.
A-50
April 30, 2013 and 2012
Due from other funds at April 30, 2013 and 2012 is as follows:
2013
Current
Interest receivable
Principal
$
Non-current portion
Principal
84,297
1,312,770
1,397,067
2012
$
84,397
2,281,230
2,365,627
4,812,747
6,148,331
$ 6,209,814
$ 8,513,958
Note 18: MDFB Tax Credits
A portion of the funds necessary to pay the costs of the overhaul base rehabilitation will be
provided by the Missouri Development Finance Board (MDFB) from proceeds derived from the
sale of certain State of Missouri income tax credits. The MDFB has agreed, with certain
stipulations, to allow the City to keep the tax credit proceeds previously received by the Special
Facility Fund. The unused net proceeds were transferred to the Fund to be used along with other
available resources to complete the rehabilitation projects at the overhaul base.
Note 19: CID Sales Tax
The City has established the Kansas City International Airport Community Improvement District
(CID), which encompasses the real property owned by the City, which constitutes Kansas City
International Airport. The CID board of directors and the City entered into a Cooperative
Agreement as of August 1, 2005, to provide certain services for the CID, and to authorize and
collect a one percent sales and use tax on eligible retail sales transactions occurring within the
boundaries of the CID. The unused net collections in the Special Facility Fund were transferred to
the Fund and the agreement was amended so that subsequent to the defeasance of the Special
Facility Revenue Bonds these collections will be deposited in the Fund to continue to be used along
with other available resources to complete the rehabilitation projects at the overhaul base.
A-51
April 30, 2013 and 2012
Note 20: Subsequent Events
In July 2013, the City issued General Improvement Airport Refunding Revenue Bonds, Series
2013A (AMT) and 2013B (Non-AMT) (collectively the “2013 Refunding Airport Bonds”). The
proceeds of the 2013 Refunding Airport Bonds, together with other available funds of the City,
refunded the outstanding principal amount of the following bonds (collectively, the “Airport
Refunded Bonds”):
• Series 2013A current refunding – Passenger Facility Charge Revenue Bonds,
Series 2001 in the principal amount of $93,850,000
• Series 2013A (AMT) current refunding – General Improvement Airport Revenue
Bonds, Series 2003A in the principal amount of $63,465,000
• Series 2013B current refunding – General Improvement Airport Revenue Bonds,
Series 2003B (Non-AMT) in the principal amount of $53,055,000
The Airport Refunded Bonds were refunded in order to obtain future debt service net present value
savings, to replace the current debt service surety policies with cash funded debt service reserve
funds and were issued under a new master bond ordinance, which contains modernized provisions
governing future issuance of airport improvement revenue bonds.
In July 2013, the General Improvement Airport Revenue Bonds, Series 2008A (“Series 2008A”),
outstanding in the amount of $26,625,000 were defeased by the City from its available funds. The
defeasance of the Series 2008A will provide future relief with regard to debt service coverage on
outstanding airport improvement revenue bonds.
A-52
These are a few of the parking options at Kansas City International Airport.
STATISTICAL SECTION
FINANCIAL TREND INFORMATION
THESE SCHEDULES CONTAIN TREND INFORMATION TO SHOW HOW THE DEPARTMENT’S FINANCIAL PERFORMANCE HAS CHANGED OVER TIME.
Schedule of Historical Net Position and Cash Flows Information
Schedule of Historical Revenues and Expenses
Schedule of Statements of Cash Flows
Schedule of Unrestricted and Restricted Cash and Investments
REVENUE CAPACITY INFORMATION
THESE SCHEDULES CONTAIN INFORMATION TO ASSESS THE DEPARTMENT’S MOST SIGNIFICANT REVENUE SOURCES.
Schedule of Revenues, Expenses and Changes in Net Position by Facility
Schedule of Grants
Schedule of Highest Paying Customers
Schedule of Most Popular Destinations
Schedule of Non-Stop Destinations
Schedule of Passenger and Cargo Airlines
Schedule of Airline Service
DEBT CAPACITY INFORMATION
THESE SCHEDULES PRESENT INFORMATION REGARDING THE DEPARTMENT’S CURRENT LEVELS OF OUTSTANDING DEBT AND ITS ABILITY TO
ISSUE ADDITIONAL DEBT IN THE FUTURE. THE TABLES REPRESENT CONTINUING DISCLOSURE SCHEDULES REQUIRED BY BOND ORDINANCES.
Schedule of Ratios of Outstanding Debt, Debt Service and Debt Limits
Schedule of Historical GARB Debt Service Coverage
Schedule of Annual Passenger Enplanements
Schedule of Monthly Enplanements
Schedule of Changes in Monthly Enplanements vs. U.S. Domestic Monthly Enplanements
Schedule of Airlines Market Share
Schedule of MCI Aircraft Operations
Schedule of Enplaned Cargo
Schedule of Commercial Aircraft Landed Weight by Airline
Schedule of Commercial Aircraft Landings
Schedule of Annual Parking Revenue by Facility
Schedule of Historical Airline Cost Per Enplaned Passenger
Schedule of Total Airport System Revenue and Expenses
Schedule of Historical Operating and Maintenance Expenses
Schedule of Historical Revenues
Schedule of PFC Revenues
Schedule of PFC Bond Sufficiency Covenant
DEMOGRAPHIC AND ECONOMIC INFORMATION
THESE SCHEDULES OFFER DEMOGRAPHIC AND ECONOMIC INDICATORS TO HELP UNDERSTAND THE ENVIRONMENT WITHIN WHICH THE
DEPARTMENT’S FINANCIAL ACTIVITIES TAKE PLACE.
Schedule of Population
Schedule of Principal Employers
OPERATING INFORMATION
THESE SCHEDULES CONTAIN SERVICE AND INFRASTRUCTURE INFORMATION TO HELP UNDERSTAND HOW THE INFORMATION IN THE
DEPARTMENT’S FINANCIAL REPORT RELATES TO THE SERVICES THE DEPARTMENT PROVIDES AND THE ACTIVITIES PERFORMED.
Schedule of Rates and Charges
Schedule of Parking Rates
Schedule of Facility Information
Schedule of Operating Expenditures by Division
Schedule of Full-Time and Equivalent Employees by Division
Schedule of Assets Capitalized
Schedule of Construction in Progress
Financial Trend Information
Schedule of Historical Net Position and Cash Flow Information
For the Last Ten Fiscal Years
Statement of Net Position
Current assets-unrestricted
Current assets-restricted
Non-current investments
Non-current capital assets
Non-current construction in progress
Non-current accumulated depreciation
Non-current bond issue costs
Non-current due from other funds
Total assets
Current liabilities
Current liabilities from restricted assets
Long-term liabilities
Total liabilities
Restricted net position
Unrestricted net position
Total net position
Total liabilities and net position
FYE 2004
FYE 2005
FYE 2006
$ 130,027,638
116,800,168
688,689,883
251,419,111
(339,044,701)
3,369,302
$ 851,261,401
$ 127,418,350
134,922,524
957,419,659
34,141,629
(377,674,731)
4,564,350
$ 880,791,781
$ 139,861,105
107,190,328
977,276,265
82,488,938
(411,068,019)
4,242,900
$ 899,991,517
$
$
$
$
Cash Flow Information
Operating profit before depreciation/amortization
Depreciation and amortization
Total operating loss
$
Capital contributions
Capital acquisitions
B-1
12,846,116
19,152,546
364,279,437
396,278,099
271,378,585
59,359,396
124,245,321
454,983,302
851,261,401
$
20,162,013
28,610,026
(8,448,013)
$
$
3,279,074
96,872,489
$
$
11,704,215
17,652,267
400,557,168
429,913,650
283,935,071
42,686,420
124,256,640
450,878,131
880,791,781
$
$
19,334,408
19,813,364
386,299,521
425,447,293
295,181,540
61,683,791
117,678,893
474,544,224
899,991,517
$
20,447,992
38,937,910
(18,489,918)
$
20,324,177
49,621,125
(29,296,948)
$
$
5,700,284
47,018,293
$
$
33,094,115
85,349,215
Schedule of Historical Net Position and Cash Flow Information
FYE 2007
$
FYE 2008
21,943,636
19,567,499
140,633,034
1,320,087,974
8,108,811
(669,261,115)
2,618,958
8,429,661
$ 852,128,458
25,166,751
24,084,677
132,973,596
1,363,252,670
9,296,498
(723,150,417)
2,286,550
6,148,331
$ 840,058,656
$
$
$
$
$
15,086,730
21,877,888
323,311,445
360,276,063
$
$
$
344,926,785
75,846,990
72,803,618
493,577,393
853,853,456
346,051,435
100,868,064
65,838,286
512,757,785
$ 852,128,458
355,499,297
96,775,688
67,008,364
519,283,349
$ 840,058,656
$
$
$
$
$
$
$
23,972,740
53,944,639
(29,971,899)
$
$
18,567,862
81,866,913
$
$
312,854,674
74,526,926
109,956,079
497,337,679
894,446,862
$
26,169,375
58,029,996
(31,860,621)
$
$
18,282,279
60,600,862
$
$
337,911,215
62,632,290
94,445,812
494,989,317
879,008,895
$
$
23,401,633
60,264,929
(36,863,296)
$
$
16,885,227
58,220,226
(41,334,999)
$
$
17,744,515
61,536,229
$
$
29,407,470
63,927,969
B-2
11,753,230
22,529,732
305,087,711
339,370,673
$
22,095,653
53,751,109
(31,655,456)
$
$
14,561,083
32,167,588
$
FYE 2013
23,444,921
17,658,928
130,932,560
1,262,002,368
32,927,911
(616,064,598)
2,951,366
$ 853,853,456
310,259,794
60,094,409
110,760,545
481,114,748
893,058,945
$
FYE 2012
27,311,886
16,986,519
155,537,706
1,192,075,320
43,726,101
(559,921,887)
3,293,250
$ 879,008,895
19,661,438
24,836,957
339,521,183
384,019,578
$
FYE 2011
38,123,042
31,318,394
149,484,741
1,142,318,513
32,723,518
(503,049,149)
3,527,803
$ 894,446,862
16,817,658
22,929,383
357,362,142
397,109,183
$
FYE 2010
31,608,842
17,166,424
163,485,355
1,118,478,414
21,619,021
(463,184,462)
3,885,351
$ 893,058,945
15,549,860
22,222,482
374,171,855
411,944,197
$
FYE 2009
12,675,854
22,523,122
285,576,331
320,775,307
$
26,307,987
23,997,110
134,112,029
1,382,886,003
19,127,684
(777,052,802)
2,014,663
4,812,747
816,205,421
12,307,945
27,718,891
262,174,870
302,201,706
351,899,971
88,903,332
73,200,412
514,003,715
816,205,421
$
29,218,370
55,625,622
(26,407,252)
$
29,201,656
54,669,046
(25,467,390)
$
$
17,281,424
44,739,369
$
$
12,178,668
32,004,450
FYE 2004
Operating Revenue
Terminal and aprons
Airfield
Parking
Rental car
Transportation facility charge
Concessions
Property rentals
Other
Total operating revenue
$
Non-Operating Revenue
Operating/Federal grant
Other income
Total non-operating revenue
Transfer from Special Facility Fund
Total revenue
Operating Expenses
Commodities
Other
Total operating expenses
Non-Cash Expenses
Depreciation
Amortization
Total non-cash expenses
Non-Operating Expenses
Interest expense
Other expense
Total expenses
$
B-3
9,302,622
10,228,110
33,293,350
7,864,913
2,044,290
6,353,902
286,530
69,373,717
FYE 2005
$
9,356,744
10,038,968
34,609,225
7,829,509
3,110,624
5,813,881
160,011
70,918,962
FYE 2006
$
10,952,845
11,662,094
35,769,941
8,372,860
1,760,366
3,796,773
7,928,682
136,258
80,379,819
4,879,174
13,879,589
5,886,939
936,958
187,230
3,188,810
13,655,542
5,976,731
136,058
614,809
7,396,189
20,252,999
6,147,691
130,359
210,810
25,769,890
23,571,950
34,138,048
3,258,011
-
5,816,648
-
40,897,885
-
98,401,618
100,307,560
155,415,752
21,120,771
25,474,042
2,616,891
-
22,168,647
25,680,324
2,621,999
-
24,007,384
33,071,060
2,977,198
-
49,211,704
50,470,970
60,055,642
28,400,493
209,533
38,649,530
288,380
49,267,402
353,723
28,610,026
38,937,910
49,621,125
9,324,298
91,017
14,675,769
328,082
19,186,893
2,885,999
9,415,315
15,003,851
22,072,892
87,237,045
104,412,731
131,749,659
11,164,573
$
(4,105,171)
$
23,666,093
FYE 2007
$
$
10,901,852
13,017,560
40,032,941
8,817,410
4,296,620
3,639,827
14,381,823
367,018
95,455,051
FYE 2008
$
12,426,693
13,899,348
44,007,005
10,695,864
4,540,222
3,658,952
14,020,277
858,121
104,106,482
FYE 2009
$
13,091,491
13,429,590
40,303,290
10,891,442
4,117,922
3,252,467
16,130,905
866,849
102,083,956
FYE 2010
$
11,613,273
14,033,642
40,059,593
9,825,488
3,737,492
2,870,364
13,866,117
732,442
96,738,411
FYE 2011
$
11,887,437
14,448,246
43,366,827
9,749,133
4,011,223
3,084,094
12,983,509
1,288,481
100,818,950
FYE 2012
$
12,964,525
16,380,975
46,167,682
10,104,810
4,748,178
3,434,142
11,815,552
1,305,082
106,920,946
FYE 2013
$
11,121,889
15,812,257
47,375,785
9,889,394
4,771,188
3,509,905
12,084,779
1,412,008
105,977,205
11,906,515
24,097,730
6,456,360
168,117
377,681
12,677,561
23,822,136
6,809,736
185,220
2,923,404
7,686,690
20,159,368
6,170,584
290,638
202,079
3,171,445
20,532,775
5,439,585
315,569
520,002
3,132,695
20,454,358
5,674,925
264,630
351,300
3,173,787
20,887,024
6,036,072
154,660
899,006
1,542,208
19,468,916
6,070,968
627,741
1,338,414
43,006,403
46,418,057
34,509,359
29,979,376
29,877,908
31,150,549
29,048,247
11,915,287
-
20,731,257
-
17,912,603
-
26,766,354
-
16,647,390
19,341,408
17,074,691
-
10,032,725
-
150,376,741
171,255,796
154,505,918
153,484,141
166,685,656
155,146,186
145,058,177
25,022,038
42,447,274
4,012,999
-
27,455,554
46,220,645
4,260,908
-
30,198,871
44,689,158
3,794,294
-
31,199,724
44,728,434
3,925,026
-
29,265,231
45,012,638
4,445,428
-
29,543,646
43,878,454
4,280,476
-
29,366,163
42,816,982
4,592,404
-
71,482,311
77,937,107
78,682,323
79,853,184
78,723,297
77,702,576
76,775,549
53,587,091
357,548
57,672,448
357,548
59,898,853
366,076
57,878,343
341,883
53,418,701
332,408
55,293,214
332,408
54,397,160
271,886
53,944,639
58,029,996
60,264,929
58,220,226
53,751,109
55,625,622
54,669,046
18,105,307
273,960
18,883,496
182,266
17,680,222
226,806
16,546,951
275,704
14,777,031
253,827
14,090,771
1,201,653
13,335,509
5,557,707
18,379,267
19,065,762
17,907,028
16,822,655
15,030,858
15,292,424
18,893,216
143,806,217
155,032,865
156,854,280
154,896,065
147,505,264
148,620,622
150,337,811
6,570,524
$
16,222,931
$
(2,348,362)
$
B-4
(1,411,924)
$
19,180,392
$
6,525,564
$
(5,279,634)
FYE 2004
FYE 2005
FYE 2006
Operating Activities
$
Cash received from providing services
69,653,034
$
70,896,008
$
73,518,703
Cash paid to employees, including benefits
(20,930,841)
(21,967,293)
(23,009,718)
Cash paid to suppliers
(41,303,178)
(31,026,186)
(26,723,628)
7,419,015
17,902,529
23,785,357
936,958
136,058
130,359
Due other government
-
-
Due to/from other funds
-
-
Cash provided by (used in) non-capital financing activities
-
-
936,958
136,058
Cash provided by operating activities
Non-Capital Financing Activities
Proceeds from operating grants
(136,491)
(6,132)
Capital and Related Financing Activities
(33,458)
Debt issue costs paid
(1,598,183)
-
Acquisition and construction of capital assets
Purchase of capital assets
Construction of capital assets
-
Matured coupons
Proceeds from capital debt
-
(784,394)
(2,585,524)
(5,472,265)
(96,088,095)
(44,432,769)
(79,876,950)
(267,614)
(911,404)
214,828
Construction contract retainage
(113,707)
37,573
-
-
-
84,261,051
20,211,081
(36,080,000)
(22,490,000)
Principal paid on capital debt
(10,790,000)
-
(11,285,000)
(11,780,000)
Interest paid on capital debt
(20,242,594)
(19,138,877)
(20,160,631)
Capital debt refunded
Contribution to related party for construction of capital assets
-
-
Community improvement district collections
-
-
-
Passenger facility charges
13,879,589
13,655,542
20,252,999
5,886,939
5,976,731
6,147,691
96,213
384,465
331,929
3,279,074
5,700,284
33,094,115
Proceeds from sales of capital assets
Capital contributed by federal government
-
Other
Cash used in capital and related financing activities
-
-
(104,544,325)
-
(5,409,894)
(60,767,142)
Investing Activities
Purchase of investments
-
-
Proceeds from sales and maturities of investments
-
-
-
5,299,647
5,334,602
7,007,378
5,299,647
5,334,602
7,007,378
Interest received
Cash provided by (used in) investing activities
Net Increase (Decrease) in Cash and Cash Equivalents
(90,888,705)
Cash and Cash Equivalents, Beginning of Year
$
329,335,846
238,447,141
$
$
125,868,377
$
Cash and Cash Equivalents, End of Year
-
17,963,295
(29,980,539)
238,447,141
256,410,436
$
124,182,308
$
256,410,436
226,429,897
Reconciliation to Statements of Net Position
Unrestricted
112,578,764
Restricted
$
Cash and cash equivalents at end of year
B-5
238,447,141
132,228,128
$
256,410,436
124,978,593
101,451,304
$
226,429,897
FYE 2007
$
FYE 2008
95,566,308
$
FYE 2009
104,764,113
$
FYE 2010
104,578,665
$
FYE 2011
95,226,126
$
FYE 2012
101,133,077
$
FYE 2013
109,603,979
$
105,742,360
(24,436,847)
(26,407,171)
(28,402,760)
(29,488,362)
(27,868,107)
(27,789,096)
(28,739,693)
(50,435,322)
(50,843,151)
(47,367,401)
(51,862,278)
(50,405,630)
(47,952,358)
(46,303,825)
20,694,139
27,513,791
28,808,504
13,875,486
22,859,340
33,862,525
30,698,842
168,117
185,220
290,638
315,569
264,630
154,660
627,741
-
-
-
-
-
-
-
-
-
-
-
(10,200,000)
1,890,042
2,500,000
-
-
-
-
12,161,337
-
-
168,117
185,220
290,638
315,569
2,225,967
2,044,702
3,127,741
-
-
-
-
(131,522)
-
-
-
-
-
-
-
-
-
(21,374,766)
(51,036,535)
(4,410,598)
(2,540,502)
(4,820,710)
(1,440,130)
(4,672,869)
(60,492,147)
(9,564,327)
(57,125,631)
(61,387,467)
(27,346,878)
(42,806,960)
(27,331,581)
(903,033)
(86,834)
1,533,484
-
-
-
-
-
-
880,519
1,174,719
(492,279)
-
-
-
(10,246)
-
29,520,843
-
-
-
(29,495,000)
-
-
-
-
-
(12,005,000)
(15,340,000)
(18,395,000)
(18,940,000)
(18,645,000)
(19,555,000)
(20,245,000)
(18,148,223)
(18,953,742)
(17,984,104)
(16,922,151)
(15,965,087)
(15,010,163)
(14,049,252)
-
-
-
-
-
-
-
-
-
-
-
412,300
418,500
24,154,914
23,822,136
20,159,368
20,532,775
20,454,358
20,887,024
19,468,916
6,405,410
6,809,736
6,170,584
5,439,585
5,674,925
6,036,072
6,070,968
49,261
10,626,548
50,509
9,608
112,385
89,187
23,547
18,567,862
18,282,279
17,744,515
29,407,470
14,561,083
17,281,424
12,178,668
-
-
-
-
-
(2,849,029)
-
-
(61,309,205)
(36,256,938)
(53,982,870)
(43,520,163)
(24,800,205)
(34,608,771)
(30,987,132)
(164,270,661)
(213,899,519)
(166,514,599)
(110,718,723)
(135,113,041)
(110,418,540)
(102,447,465)
184,452,920
213,940,650
176,372,324
136,977,950
130,745,094
106,839,942
99,949,106
13,634,760
10,167,544
8,176,186
3,442,833
3,159,895
3,693,886
33,817,019
10,208,675
18,033,911
29,702,060
(1,208,052)
(6,629,930)
$
20,584,247
13,954,317
$
8,716,360
$
13,954,317
1,650,748
$
13,954,317
15,605,065
$
3,429,851
5,237,957
(6,849,817)
$
15,605,065
8,755,248
$
4,866,335
12,175,214
$
15,605,065
372,952
$
8,755,248
9,128,200
$
4,738,391
3,888,913
$
8,755,248
(922,950)
$
9,128,200
8,205,250
$
3,462,960
4,389,809
$
9,128,200
B-6
8,205,250
(1,715,295)
1,413,744
1,124,156
$
8,205,250
9,618,994
$
9,618,994
10,743,150
$
4,345,014
$
5,437,591
$
10,743,150
4,742,290
$
783,064
115,288
5,273,980
$
9,618,994
5,305,559
FYE 2004
Unrestricted cash and investments
Restricted passenger facility charge
Restricted customer facility charge
Restricted DEA forfeited property
Restricted Richards-Gebaur
Restricted airlines operation and maintenance
Restricted deferred maintenance and replacement
Restricted principal and interest
Restricted bond reserves
Restricted construction proceeds
Restricted other
Total unrestricted and restricted cash and investments
B-7
FYE 2005
FYE 2006
$
125,868,377
13,528,927
17,928,526
55,054
3,764,239
1,951,189
6,410,983
10,821,389
15,275,500
42,509,427
333,530
$
124,182,309
11,635,032
9,398,371
84,563
4,906,580
1,996,607
6,560,207
8,789,141
10,875,500
77,640,831
341,295
$
124,978,593
19,895,495
13,443,851
190,316
5,232,465
3,998,071
750,000
8,958,129
8,437,000
40,545,977
-
$
238,447,141
$
256,410,436
$
226,429,897
City of Kansas City, Missouri Aviation Department
FYE 2007
FYE 2008
FYE 2009
FYE 2010
FYE 2011
FYE 2012
FYE 2013
$
124,643,863
19,419,271
16,734,497
193,832
2,998,500
6,154,472
750,000
11,011,952
8,437,000
7,431,306
-
$
106,564,680
34,304,694
6,945,959
60,942
13,430,179
11,913,719
750,000
19,404,675
8,437,000
-
$
101,585,472
33,020,457
3,193,356
57,940
5,814,010
10,956,374
750,000
14,907,196
14,819,500
-
$
81,306,740
37,001,122
2,146,849
76,324
1,864,246
11,240,558
750,000
11,974,190
12,858,000
-
$
66,785,456
41,549,123
4,257,625
59,229
1,680,609
11,457,917
750,000
12,320,864
12,858,000
4,686,713
8,469,811
$
73,957,609
38,710,994
4,649,539
74,195
15,504
10,661,000
12,516,495
12,858,000
7,555,240
8,469,811
$
86,645,176
26,074,989
4,773,735
142,005
16,664
10,869,000
15,590,251
12,858,000
9,733,229
7,063,022
$
197,774,693
$
201,811,848
$
185,104,305
$
159,218,029
$
164,875,347
$
169,468,387
$
173,766,071
B-8
Revenue Capacity Information
Schedule of Revenues, Expenses and Changes in Net Position by Facility
For the Year Ended April 30, 2013
Operating Revenues
Terminal and aprons
Airfield
Parking
Rental car
Concessions
Property rental
Other
Total operating revenues
Operating Expenses
Commodities
Total operating expenses before
depreciation and amortization
Operating Income Before Non-cash
Operating Expense
Non-cash Operating Expense
Depreciation
Amortization
Total non-cash operating expense
Kansas City
International Airport
Charles B.
Wheeler
Downtown Airport
$
$
Total Operating Loss
11,121,889
15,504,248
47,375,785
9,862,797
4,771,188
3,509,905
9,394,081
757,050
102,296,943
308,009
26,597
2,690,698
654,958
3,680,262
Total
$
11,121,889
15,812,257
47,375,785
9,889,394
4,771,188
3,509,905
12,084,779
1,412,008
105,977,205
28,270,548
41,664,435
3,796,271
1,095,615
1,152,547
796,133
29,366,163
42,816,982
4,592,404
73,731,254
3,044,295
76,775,549
28,565,689
635,967
29,201,656
53,297,302
271,886
53,569,188
1,099,858
1,099,858
54,397,160
271,886
54,669,046
(25,003,499)
(463,891)
(25,467,390)
Non-operating Revenues
Operating grant revenue
Proceeds from CID sales tax
Other
Total non-operating revenues
1,542,208
19,468,916
6,070,968
627,741
418,500
919,914
29,048,247
-
1,542,208
19,468,916
6,070,968
627,741
418,500
919,914
29,048,247
Non-operating Expenses
Interest
Other
13,335,509
5,557,707
18,893,216
-
13,335,509
5,557,707
18,893,216
10,155,031
-
10,155,031
Total non-operating revenues, net
(14,848,468)
(463,891)
(15,312,359)
8,142,852
1,889,873
10,032,725
$
(6,705,616)
B-9
$
1,425,982
$
(5,279,634)
Schedule of Grants
Grant Number
B-10
Capital Grant Revenue
AIP 3-29-0041-18
AIP 3-29-0041-20
AIP 3-29-0041-21
AIP 3-29-0041-22
AIP 3-29-0041-24
AIP 3-29-0040-59
AIP 3-29-0040-65
AIP 3-29-0040-66
AIP 3-29-0040-68
AIP 3-29-0040-69
CMAQ-3309(402)
HSTS04-09-H-REC311
Location
MKC
MKC
MKC
MKC
MKC
MCI
MCI
MCI
MCI
MCI
MCI
MCI
Description
Rehabilitate Runway 1/19
Rehabilitate Taxiways and MITLs
Phase 2, Taxiway Rehab
Rehabilitate Runway 1/19R Lighting
Airfield Pavement Repairs; Runway 1L - 19R
Planning Study for New Terminal Area
Two new ARFF Vehicles
Rehabilitate Taxiways A, E & F - Phase 1
CNG Facility Expansion
KCI Closed Circuit Television Camera
Maximum
Balance
$ 1,123,693
7,735,229
8,246,000
4,260,750
6,712,991
2,831,250
11,500,000
3,375,000
1,051,616
1,896,000
500,000
9,354,288
FYE13
Revenue
$
67,506
421,462
1,416,752
1,656,429
2,180,438
1,051,616
618,600
2,619,922
Total Capital Grant Revenue
$ 10,032,725
TSA-Explosives Detection K-9 Team Program
DEA-Task Force Program
Grants from State of Missouri
$
275,485
10,848
341,408
Total Operating Grant Revenue
$
627,741
Operating Grant Revenue
MCI
MCI
MCI
Executed
Status
FYE09
FYE09
FYE10
FYE12
FYE12
FYE09
FYE12
FYE12
FYE12
FYE12
FYE07
FYE11
Closed FY13
Closed FY13
Closed FY13
Open
Open
Closed FY13
Open
Open
Open
Open
Open
Open
Schedule of Highest Paying Customers
For the Last Nine Fiscal Years (1)
(2)
FYE 2005
Rank Amount
Southwest Airlines
American Airlines
Midwest Express Airlines
Hertz Car Rental
Host International, Inc.
Avis Budget Group(4)
Vanguard Car Rental
Delta Airlines
Executive Beechcraft
(3)
Northwest Airlines
United Airlines
US Airways
Continental Airlines
Paradies News & Gifts
Frontier Airlines
Port Authority of Kansas City, Missouri
Signature Flight Support(5)
Enterprise Rent A Car
(
(1)
(2)
(3)
(4)
(5)
(6)
(7)
FYE 2007
Rank Amount
FYE 2008
Rank Amount
FYE 2009
Rank Amount
1
2
6
3
4
7
5
-
$5,751,808
3,573,652
2,043,120
2,715,287
2,575,275
1,967,296
2,312,019
-
1
2
4
3
8
5
7
6
10
$5,826,355
3,863,103
2,296,561
2,303,147
1,768,374
2,169,480
1,821,328
1,834,106
1,584,246
1
2
3
4
6
5
8
7
11
$6,674,658
3,307,889
2,853,057
2,439,401
1,921,881
2,001,068
1,627,084
1,748,786
1,469,770
1
2
3
4
5
6
7
8
9
$ 7,070,352
4,072,517
3,520,033
3,254,911
2,166,815
2,139,354
2,102,129
1,688,873
1,659,689
1
2
4
3
7
5
6
8
-
$ 7,920,563
3,552,199
2,830,875
2,949,849
2,024,811
2,201,557
2,028,272
1,900,579
-
8
9
11
12
10
-
1,905,249
1,718,621
1,323,884
1,302,199
1,400,545
-
11
12
14
13
9
15
-
1,381,179
1,374,774
1,283,125
1,346,992
1,676,215
1,071,001
-
9
10
14
12
13
15
-
1,588,898
1,517,989
1,223,891
1,463,371
1,382,819
1,071,001
-
10
11
12
13
14
15
-
1,655,797
1,517,862
1,494,836
1,444,205
1,246,582
1,054,209
-
11
10
13
14
12
15
1,649,140
1,706,840
1,214,911
1,136,431
1,642,471
1,062,849
FYE 2010
Rank Amount
Southwest Airlines 6)
American Airlines
Midwest Express Airlines
Jet Midwest
Hertz Car Rental
Host International, Inc.
Avis Budget Group(4)
Vanguard Car Rental
Delta air Lines
United Airlines (7)
US Airways
Continental Airlines
Paradies News & Gifts
Frontier
Signature Flight Support(5)
Enterprise Rent A Car
VML, Inc.
DTAG
WireCo WorldGroup
FYE 2006
Rank Amount
1
2
8
4
10
7
6
3
5
9
13
12
11
14
15
-
$8,104,847
6,804,134
2,026,730
2,332,056
1,815,064
2,053,882
2,060,267
4,310,931
2,183,253
1,958,750
1,326,843
1,378,392
1,424,421
1,151,347
1,055,299
-
FYE 2011
Rank Amount
1
2
5
11
10
9
3
6
7
8
15
4
12
13
14
-
$8,408,033
6,981,072
2,287,999
1,952,178
1,991,583
2,087,101
4,400,865
2,263,547
2,244,620
2,092,494
926,396
2,388,070
1,344,064
1,178,265
1,005,143
-
Information not available prior to FYE 2005.
FYE2005 rankings were provided for the 12 highest paying customers only.
Delta and Northwest merged during FYE 2010.
Avis Rent A Car and Budget Rent A Car merged operations effective September 2006.
Executive Beechcraft changed its name to Signature Flight Support in FYE 2011.
Southwest Airlines contains totals from AirTran.
United contains totals from Continental.
B-11
FYE 2012
Rank Amount
1
6
5
11
10
9
2
8
0
7
3
12
13
14
15
$9,387,483
2,421,925
2,421,931
2,023,491
2,181,467
2,239,967
5,026,302
2,323,265
2,456,482
2,382,753
3,709,301
1,316,190
1,265,939
1,031,289
1,000,165
FYE 2013
Rank Amount
1
10
11
6
8
4
9
2
3
5
7
13
12
15
14
$10,309,695
2,133,037
1,693,109
2,331,191
2,160,244
2,806,291
2,139,753
5,143,024
4,147,453
2,438,105
2,323,513
1,283,956
1,303,709
1,058,361
1,157,239
Schedule of Most Popular Destinations
For the Last Nine Calendar Years (1)
Number of passengers by calendar year
Rank
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
City
Chicago, Midway
Chicago, O'Hare
Las Vegas
Phoenix
Los Angeles
Atlanta
Orlando
Dallas/Fort Worth
Denver
New York, LGA
Washington, DCA
St. Louis
Baltimore
Tampa
Seattle
San Diego
Detroit
Nashville
Philadelphia
Minneapolis
Total Passengers, all
destinations
Rank
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
City
Denver
Chicago, Midway
Las Vegas
Orlando
Los Angeles
Atlanta
Chicago, O'Hare
Phoenix
Dallas-Love
New York, LGA
Dallas/Forth Worth
Baltimore
Washington, DCA
Tampa
Seattle/Tacoma
San Diego
Fort Lauderdale
Nashville
St. Louis
Philadelphia
destinations
CY2004
401,770
339,570
333,180
313,890
306,640
299,380
292,630
277,210
276,180
239,590
198,920
183,200
171,920
165,400
149,180
148,640
145,690
142,990
138,410
131,440
City
Chicago, Midway
Las Vegas
Chicago, O'Hare
Los Angeles
Phoenix
Atlanta
Orlando
Denver
Dallas/Fort Worth
New York
Washington, DCA
St. Louis
Baltimore
Tampa
San Diego
Nashville
Seattle
Detroit
Minneapolis
Philadelphia
CY2005
411,590
353,380
339,250
313,480
309,890
304,890
281,580
277,190
264,840
252,110
235,630
178,580
169,320
155,740
152,940
149,560
145,040
143,360
143,210
140,410
City
Chicago, Midway
Denver
Las Vegas
Chicago-O'Hare
Los Angeles
Atlanta
Dallas-Love
Phoenix
Orlando
New York, LGA
Washington-DCA
Dallas/Fort Worth
St. Louis
San Diego
Tampa
Baltimore
Nashville
Seattle/Tacoma
Fort Lauderdale
Boston
CY2006
411,623
396,193
386,906
346,615
344,220
330,988
327,273
320,630
318,813
264,460
235,037
211,085
194,399
180,891
174,780
170,685
161,721
156,264
148,578
148,310
City
Denver
Chicago, Midway
Las Vegas
Chicago, O'Hare
Orlando
Los Angeles
Atlanta
Phoenix
Dallas-Love
New York, LGA
Dallas/Fort Worth
Washington, DCA
San Diego
St. Louis
Tampa
Seattle/Tacoma
Nashville
Baltimore
Boston
Philadelphia
CY2007
479,778
398,313
377,765
356,935
354,603
344,867
330,763
315,883
292,555
280,359
238,553
232,043
195,488
190,118
180,999
167,005
165,202
164,146
162,348
148,118
City
Denver
Chicago, Midway
Las Vegas
Orlando
Chicago, O'Hare
Los Angeles
Atlanta
Dallas, Love
Phoenix
New York, LGA
Dallas/Fort Worth
Baltimore
Washington, DCA
San Diego
Tampa
Seattle/Tacoma
St. Louis
Nashville
Philadelphia
Boston
8,721,510 destinations
CY2009
CY2010
CY2011
CY2012
409,864
335,554
327,926
320,761
285,248
279,222
271,320
257,725
228,369
220,260
209,465
192,488
185,986
185,285
161,337
155,656
145,412
142,856
135,036
127,792
City
Denver
Chicago, Midway
Orlando
Las Vegas
Atlanta
Los Angeles
Phoenix
New York, LGA
Chicago, O'Hare
Dallas, Love
Washington, DCA
Dallas/Forth Worth
Baltimore
Tampa
Seattle/Tacoma
San Diego
Milwaukee
Fort Lauderdale
Philadelphia
Nashville
418,499
326,712
313,889
303,119
273,996
261,394
254,727
241,517
240,507
224,405
214,543
189,435
176,061
169,359
166,218
158,480
152,599
139,936
138,328
137,945
City
Denver
Chicago, Midway
Orlando
Las Vegas
Atlanta
Los Angeles
Phoenix
New York, LGA
Chicago, O'Hare
Dallas, Love
Washington, DCA
Dallas/Forth Worth
Baltimore
Tampa
Seattle/Tacoma
San Diego
Milwaukee
Philadelphia
Fort Lauderdale
Nashville
(1) Information not available prior to CY2004.
One pasenger flying roundtrip is counted twice.
Source: U.S. DOT Dynamic Table Report for all Airlines between MCI and all Destinations
B-12
411,969
326,988
311,682
305,608
273,361
262,041
259,295
244,359
236,900
227,619
214,957
187,906
173,920
165,793
164,127
160,113
150,098
143,108
141,823
135,246
City
Denver
Chicago, Midway
Orlando
Las Vegas
Atlanta
Los Angeles
Phoenix
New York, LGA
Chicago, O'Hare
Dallas, Love
Washington, DCA
Dallas/Forth Worth
Baltimore
Tampa
Seattle/Tacoma
San Diego
Boston
Philadelphia
Fort Lauderdale
Nashville
447,579
331,560
289,709
306,558
274,490
249,205
264,124
205,801
219,080
240,565
204,347
185,549
149,948
158,669
166,998
170,849
135,576
140,529
157,161
138,473
8,562,161
CY2008
439,711
384,912
360,666
336,657
321,504
313,323
310,019
305,827
274,859
240,927
216,432
201,294
195,273
181,780
167,177
166,751
164,594
155,937
153,044
145,924
9,866,976
Schedule of Non-Stop Destinations
Non-Stop Passenger Flights from Kansas City International Airport (MCI) (number of daily flights/weekly flights)
Albuquerque, NM, US (1/7)
Harrison, AR, US (2/12)
Oakland, CA, US (1/6)
Atlanta, GA, US (10/69)
Houston-Hobby, TX, US (2/12)
Oklahoma City, OK, US (2/12)
Washington-National, DC, US (4/26)
Baltimore, MD, US (3/20)
Houston-Intercontinental, TX, US (8/48)
Orlando, FL, US (3/21)
Boston, MA, US (2/13)
Indianapolis, IN, US (2/13)
Philadelphia, PA, US (3/20)
Charlotte-Douglas, NC, US (5/33)
Las Vegas, NV, US (4/28)
Phoenix, AZ, US (6/42)
Cancun, MX (0/3)
Chicago-Midway, IL, US (10/65)
Los Angeles, CA, US (4/25)
Portland, OR, US (1/7)
Puerto Vallarta, MX (0/1)
Chicago-O'Hare, IL, US (16/107)
Memphis, TN, US (2/12)
Salina, KS, US (3/18)
San Jose Cabo, MX (0/1)
Cincinnati, OH/Covington, KY, US (3/17)
Milwaukee, WI, US (2/12)
Salt Lake City, UT, US (3/20)
Toronto, ON, CA (1/7)
Cleveland, OH, US (4/22)
Minneapolis/St. Paul, MN, US (8/54)
San Diego, CA, US (2/13)
Dallas/Fort Worth, TX, US (8/53)
Nashville, TN, US (4/26)
San Francisco, CA, US (2/14)
Dallas-Love, TX, US (10/65)
New Orleans, LA, US (1/7)
Seattle/Tacoma, WA, US (1/7)
183 peak day departures to
Denver, CO, US (16/102)
New York-La Guardia, NY, US (4/26)
St. Louis, MO, US (5/32)
47 non-stop destinations
Detroit, MI, US (4/25)
New York-JFK, NY, US (1/7)
Tampa, FL, US (2/14)
Fort Lauderdale, FL, US (1/7)
Newark, NJ, US (4/26)
Washington-Dulles, VA, US (3/19)
B-13
International Flights
Schedule of Passenger and Cargo Airlines
Major/National Airlines
AirTran Airways
Alaska Airlines
American Airlines
Delta Air Lines
Frontier Airlines
Southwest Airlines
United Airlines
US Airways
Major/International Airline
Air Canada/Jazz Air
Regional/Commuter Airlines
American Eagle
Compass Airlines
Pinnacle Airlines
SkyWest Airlines
Midwest Airlines
SeaPort Airlines/Wings of Alaska
United/Expressjet Airlines
GoJet Airlines LLC
Shuttle America
Air Wisconsin
Mesa Airlines
PSA
Cargo Carriers
FedEx
UPS
BAX Global
B-14
Peak Day
Departures
Weekly
Departures
Toronto, ON, CA
1
7
AirTran Airways
Atlanta, GA, US
4
26
Alaska Airlines
Seattle/Tacoma, WA, US
1
7
Alaska Juneau Aeronautics Inc.
dba Wings of Alaska -OR- Aban Air.
Harrison, AR, US
Salina, KS, US
2
3
12
18
American Airlines
Chicago-O'Hare, IL, US
Dallas/Fort Worth, TX, US
7
8
49
54
Delta Air Lines
Atlanta, GA, US
Boston, MA, US
Cincinnati, OH/Covington, KY, US
Detroit, MI, US
Los Angeles, CA, US
Memphis, TN, US
Minneapolis/St. Paul, MN, US
New York-JFK, NY, US
New York-La Guardia, NY, US
Salt Lake City, UT, US
7
2
3
4
1
3
6
1
4
3
48
13
18
27
6
20
41
7
25
21
Frontier Airlines
Cancun, MX
Denver, CO, US
Las Vegas, NV, US
New Orleans, LA, US
Orlando, FL, US
Puerto Vallarta, MX
San Jose Cabo, MX
Washington-National, DC, US
0
5
0
0
1
0
0
2
1
33
4
4
2
1
1
14
Southwest Airlines
Albuquerque, NM, US
Baltimore, MD, US
Boston, MA, US
Chicago-Midway, IL, US
Dallas-Love, TX, US
Denver, CO, US
Fort Lauderdale, FL, US
Houston, Hobby, TX, US
Indianapolis, IN, US
1
3
2
10
9
5
1
1
2
7
21
12
65
60
33
7
7
13
Carrier
Non-Stop Destination
Air Canada
B-15
Peak Day
Departures
Weekly
Departures
Las Vegas, NV, US
Los Angeles, CA, US
Milwaukee, WI, US
Minneapolis/St. Paul, MN, US
Nashville, TN, US
New Orleans, LA, US
Oakland, CA, US
Oklahoma City, OK, US
Orlando, FL, US
Phoenix, AZ, US
Portland, OR, US
San Diego, CA, US
Seattle/Tacoma, WA, US
St. Louis, MO, US
Tampa, FL, US
Cleveland, OH, US
Denver, CO, US
Houston-Intercontinental, TX, US
Newark, NJ, US
San Francisco, CA, US
Washington-Dulles, VA, US
4
3
2
2
4
1
1
2
3
3
1
2
1
5
2
4
7
8
5
2
3
28
20
14
12
27
7
7
13
22
20
7
14
7
32
14
25
48
54
34
14
21
Charlotte-Douglas, NC, US
Philadelphia, PA, US
Phoenix, AZ, US
Washington-National, DC, US
5
3
4
3
34
20
26
18
Carrier
Non-Stop Destination
Southwest Airlines, continued
US Airways
B-16
Debt Capacity Information
Outstanding Debt by Type
General Airport Revenue Bonds (GARBs)
Subordinate Bonds
Passenger Facility Charge Bonds
FYE 2004
FYE 2005
FYE 2006
FYE 2007
$ 244,230,000
132,930,000
$ 226,410,000
57,020,000
129,220,000
$ 215,595,000
57,020,000
125,380,000
$ 207,570,000
57,020,000
121,400,000
377,160,000
412,650,000
397,995,000
385,990,000
4,905,086
5,036,889
5,112,330
5,610,488
Outstanding Debt
Enplaned Passengers
Outstanding Debt per Enplaned Passenger
$
76.89
$
81.93
$
77.85
$
68.80
Debt Service (in thousands)
Principal
Interest
$
10,790
20,243
$
10,710
17,878
$
11,780
20,889
$
12,005
19,606
Total Debt Service
$
31,033
$
28,588
$
32,669
$
31,611
Ratio of Debt Service to Outstanding Debt
8.23%
B-17
6.93%
8.21%
8.19%
FYE 2008
FYE 2009
FYE 2010
FYE 2011
FYE 2012
FYE 2013
$ 199,380,000
54,005,000
117,265,000
$ 187,500,000
50,875,000
112,965,000
$ 176,300,000
47,615,000
108,485,000
$ 165,720,000
44,220,000
103,815,000
$ 154,590,000
40,670,000
98,940,000
$ 143,145,000
36,960,000
93,850,000
370,650,000
351,340,000
332,400,000
313,755,000
294,200,000
273,955,000
5,905,988
5,058,885
4,939,032
4,945,779
5,198,808
4,878,178
$
62.76
$
69.45
$
67.30
$
63.44
$
56.59
$
56.16
$
15,340
18,952
$
18,940
16,919
$
18,645
15,962
$
19,555
15,007
$
20,245
14,045
$
25,270
12,950
$
34,292
$
35,859
$
34,607
$
34,562
$
34,290
$
38,220
9.25%
10.21%
10.41%
B-18
11.02%
11.66%
13.95%
Schedule of Historical General Airport Revenue Bond Debt Service Coverage
FYE04
FYE05
FYE06
FYE07
1
Revenues
Airfield
Terminal
Parking
Rental cars
Aviation services area
Other property rentals
Operating grant
Interest earnings
Total revenues
$
10,228,110
10,969,892
33,089,817
7,864,913
3,559,507
2,299,644
936,958
5,886,939
4,137,949
78,973,729
$
10,038,968
12,273,098
34,450,836
7,829,509
2,679,955
2,396,089
136,058
5,976,731
3,127,290
78,908,534
$
11,662,094
14,707,359
35,606,188
8,372,860
4,594,393
2,440,441
130,359
6,147,691
1,760,366
6,645,437
92,067,188
$
13,017,561
14,460,030
40,032,941
8,817,410
10,576,261
2,961,357
168,117
6,456,360
4,296,620
10,710,543
111,497,200
3,455,944
82,429,673
78,908,534
92,067,188
111,497,200
O&M Expenses
7
Salaries, wages and benefits
Commodities and supplies
Total O&M expenses
21,120,771
25,474,042
2,616,891
49,211,704
22,168,647
25,680,324
2,621,999
50,470,970
24,007,384
33,071,060
2,977,198
60,055,642
25,022,038
42,447,274
4,012,999
71,482,311
Net Revenues Available for Debt Service
33,217,969
28,437,564
32,011,546
40,014,889
Senior GARB Debt Service
Series 1994A Bonds
Series 1994A Bonds
Series 1995 Bonds
Series 1997A Bonds
Series 1999A Bonds
Series 2003A Bonds
Series 2003B Bonds
3
Series 2004E Bonds
4
Series 2005H Bonds
5
Series 2008A Bonds
Total senior GARB debt service
3,093,020
4,163,245
1,619,395
5,248,006
3,660,381
2,832,546
20,616,593
4,151,388
1,619,395
5,267,244
3,504,620
2,712,013
976,453
18,231,113
3,501,763
1,619,395
5,283,619
3,504,620
2,712,013
1,861,963
506,034
18,989,405
1,619,395
5,267,394
3,504,620
2,712,013
1,872,988
3,497,050
18,473,460
1.61
1.56
1.69
2.17
740,000
740,000
21,356,593
740,000
740,000
18,971,113
2,647,595
2,647,595
21,637,000
2,888,285
2,888,285
21,361,745
Cash provided by capitalized interest
Total cash available for debt service
Senior GARB Coverage
Subordinate GARB Debt Service
2
Series 2000 Subordinate GARBs
6
Series 2005C Subordinate GARBs
Subtotal
Total GARB Debt Service
$
1.56
Total GARB Coverage
1
$
Revenues presented in accordance with the methodology set forth in the GARB bond ordinances.
2
Series 2000 subordinate GARBs were issued in December 2000 and refunded in April 2005.
3
Series 2004E GARBs were issued in part to refund the Series 1994A GARBs.
4
Series 2005H GARBs were issued in part to refund the Series 1995 GARBs.
5
Series 2008A GARBs were issued in part to refund the Series 1997A GARBs.
6
Series 2005C Subordinate GARBs were issued in part to refund the Series 2000 Subordinate GARBs.
7
Beginning in fiscal year 2010, the noncash other post employment benefit expense is not
included in the salaries, wages and benefits expense.
B-19
1.50
$
1.48
$
1.87
Schedule of Historical General Airport Revenue Bond Debt Service Coverage
FYE08
$
$
FYE09
13,899,348
16,085,645
44,007,005
10,695,864
9,728,175
5,045,088
185,220
6,809,736
4,540,222
10,895,280
121,891,583
$
FYE10
13,429,590
16,343,958
40,303,290
10,891,442
9,873,639
7,124,115
290,638
6,170,584
4,117,922
6,049,066
114,594,245
$
FYE11
14,033,642
14,483,637
40,059,593
9,825,488
8,221,341
6,377,218
315,569
5,439,585
3,737,492
2,133,958
104,627,524
$
FYE12
14,448,246
14,971,531
43,366,827
9,749,133
6,076,945
8,195,045
264,630
5,674,925
4,011,223
2,103,392
108,861,897
$
FYE13
Change
FYE13
16,380,975
16,398,667
46,167,682
10,104,810
3,918,673
9,201,962
154,660
6,036,072
4,748,178
2,260,811
115,372,490
$
15,812,257
14,631,794
47,375,785
9,889,394
4,670,210
8,826,576
627,742
6,070,968
4,771,188
1,278,239
113,954,153
-3.5%
-10.8%
2.6%
-2.1%
19.2%
-4.1%
305.9%
0.6%
0.5%
-43.5%
-1.2%
121,891,583
114,594,245
104,627,524
108,861,897
115,372,490
113,954,153
26,514,668
46,220,645
4,260,908
76,996,221
28,831,360
44,689,158
3,794,294
77,314,813
29,797,055
44,728,434
3,925,026
78,450,515
28,905,636
45,012,638
4,445,428
78,363,702
28,355,253
43,878,454
4,280,475
76,514,182
29,169,011
42,816,982
4,592,404
76,578,397
2.9%
-2.4%
7.3%
44,895,362
37,279,432
26,177,008
30,498,195
38,858,308
37,375,756
-3.8%
1,619,395
5,253,700
3,504,620
2,712,013
1,884,538
3,284,450
18,258,715
809,698
1,390,569
5,855,045
2,712,013
1,891,888
7,091,000
674,027
20,424,238
5,856,726
2,712,013
1,885,088
8,153,875
1,363,200
19,970,901
5,857,641
2,712,013
8,621,200
1,593,500
18,784,354
5,856,180
2,712,013
8,619,863
1,598,800
18,786,856
5,859,010
2,712,013
7,209,406
2,784,400
18,564,829
2.46
1.83
1.31
1.62
2.07
2.01
5,827,910
5,827,910
24,086,625
5,789,285
5,789,285
26,213,523
5,759,535
5,759,535
25,730,436
5,728,160
5,728,160
24,512,514
5,709,535
5,709,535
24,496,391
5,688,035
5,688,035
24,252,864
1.86
$
1.42
$
$
1.02
1.24
B-20
$
1.59
$
1.54
Schedule of Annual Passenger Enplanements
Calendar Years 1991 – 2012
International 1
Actual
% of Total
Year
Domestic
Actual
% of Total
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
3,473,333
3,668,288
3,936,402
4,419,734
4,702,667
5,002,074
5,478,912
5,531,409
5,861,565
6,013,923
5,802,901
5,148,924
4,828,048
4,997,932
4,958,313
5,497,244
5,767,798
5,309,975
4,883,146
4,908,782
5,044,028
100.0%
98.9%
99.1%
99.0%
99.1%
99.2%
98.9%
99.0%
99.0%
98.9%
99.0%
99.2%
99.5%
99.4%
99.4%
99.2%
98.9%
98.8%
99.2%
99.2%
99.1%
42,557
33,952
46,241
41,226
42,240
62,658
55,228
58,014
66,372
56,255
42,892
22,223
29,678
27,892
43,460
64,861
65,951
39,263
40,949
43,999
0.0%
1.1%
0.9%
1.0%
0.9%
0.8%
1.1%
1.0%
1.0%
1.1%
1.0%
0.8%
0.5%
0.6%
0.6%
0.8%
1.1%
1.2%
0.8%
0.8%
0.9%
3,473,333
3,710,845
3,970,354
4,465,975
4,743,893
5,044,314
5,541,570
5,586,637
5,919,579
6,080,295
5,859,156
5,191,816
4,850,271
5,027,610
4,986,205
5,540,704
5,832,659
5,375,926
4,922,409
4,949,731
5,088,027
0.0%
6.8%
7.0%
12.5%
6.2%
6.3%
9.9%
0.8%
6.0%
2.7%
-3.6%
-11.4%
-6.6%
3.7%
-0.8%
11.1%
5.3%
-7.8%
-8.4%
0.6%
2.8%
2012 2
4,943,214
99.0%
50,981
1.0%
4,994,195
-1.8%
1.7%
-
1991-2012
1.7%
Total Enplanements
Actual
% Change
Average Annual Growth Rate
0.9%
-
1
International enplanements by Air Canada, Air Canada Jazz, Frontier, and charter airlines.
2
Starting CY2012 and forward enplanement calculations include non-revenue passengers.
Source: Kansas City Aviation Department records.
B-21
Schedule of Monthly Enplanements
Calendar Years 2003 – 2012 and January through April of 2013
B-22
Month
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012 1
January
February
March
April
May
June
July
August
September
October
November
December
338,163
331,667
412,804
361,699
434,235
457,406
488,213
434,728
376,967
426,811
376,603
410,975
337,474
326,816
441,391
395,116
453,755
488,199
501,417
438,691
399,339
430,486
408,206
406,720
347,572
335,021
437,344
390,139
457,508
468,876
484,473
428,940
393,746
427,892
407,708
406,986
373,440
367,127
471,396
424,238
490,206
553,316
503,287
466,655
429,614
484,886
527,283
449,256
393,796
384,469
480,905
443,021
528,260
570,104
574,209
543,246
467,978
515,306
487,533
443,832
420,963
388,933
514,468
450,995
486,801
515,415
517,648
458,184
397,736
440,106
376,968
407,709
335,323
334,555
401,116
387,324
441,917
462,261
494,361
427,956
399,782
439,678
396,039
402,097
344,321
318,086
411,065
401,469
451,185
476,489
483,631
424,756
407,386
442,777
409,360
379,206
352,322
314,058
417,787
386,822
466,900
491,674
504,185
450,001
424,926
430,055
430,582
418,715
368,418
353,311
450,933
409,108
459,944
459,051
470,569
420,927
387,461
428,496
398,776
387,201
347,077
311,084
408,646
398,946
4,850,271
5,027,610
4,986,205
5,540,704
5,832,659
5,375,926
4,922,409
4,949,731
5,088,027
4,994,195
1,465,753
Total
1
Jan-Apr2013
Source: Air Transport Association (ATA). ATA data includes only scheduled service by ATA-member passenger airlines. As of March 2011, ATA
Airline members included ABX Air, AirTran Airways, Alaska, American, ASTAR Air Cargo, Atlas Air, Continental, Delta, Evergreen International, Federal
Express, Hawaiian, JetBlue, Southwest, United, UPS and US Airways.
Enplanements
2003-04
MCI
US
January
February
March
April
May
June
July
August
September
October
November
December
1
2004-05
MCI
US
2005-06
MCI
US
2006-07
US 1
MCI
2007-08
US 1
MCI
6.9%
1.2%
7.0%
1.8%
-7.8%
-9.6%
-9.9%
-15.7%
-15.0%
-14.6%
-22.7%
-8.1%
-0.2%
-1.5%
6.9%
9.2%
4.5%
6.7%
2.7%
0.9%
5.9%
0.9%
8.4%
-1.0%
-2.0%
5.5%
4.5%
10.2%
4.9%
6.3%
3.7%
3.3%
5.1%
5.7%
7.5%
3.5%
3.0%
2.5%
-0.9%
-1.3%
0.8%
-4.0%
-3.4%
-2.2%
-1.4%
-0.6%
-0.1%
0.1%
6.7%
1.0%
5.7%
-0.3%
4.7%
1.5%
2.4%
0.7%
3.6%
-3.4%
-0.3%
-2.2%
7.4%
9.6%
7.8%
8.7%
7.1%
18.0%
3.9%
8.8%
9.1%
13.3%
29.3%
10.4%
0.1%
-1.1%
-3.0%
0.1%
-2.3%
-2.9%
-5.1%
-3.5%
-1.9%
2.1%
1.5%
1.7%
5.5%
4.7%
2.0%
4.4%
7.8%
3.0%
14.1%
16.4%
8.9%
6.3%
-7.5%
-1.2%
3.7%
4.8%
-0.8%
1.6%
11.1%
-1.3%
5.3%
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
-7.8%
U.S. Domestic monthly enplanements data is no longer available to non-ATA members effective December 31, 2006.
B-23
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Enplanements
2008-09
US 1
MCI
-20.3%
-14.0%
-22.0%
-14.1%
-9.2%
-10.3%
-4.5%
-6.6%
0.5%
-0.1%
5.1%
-1.4%
-8.4%
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
2009-10
US 1
MCI
2.7%
-4.9%
2.5%
3.7%
2.1%
3.1%
-2.2%
-0.7%
1.9%
0.7%
3.4%
-5.7%
0.6%
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
2010-11
US 1
MCI
2011-12
US 1
MCI
2012-13
US 1
MCI
2.3%
-1.3%
1.6%
-3.6%
3.5%
3.2%
4.2%
5.9%
4.3%
-2.9%
5.2%
10.4%
4.6%
12.5%
7.9%
5.8%
-1.5%
-6.6%
-6.7%
-6.5%
-8.8%
-0.4%
-7.4%
-7.5%
-5.8%
-12.0%
-9.4%
-2.5%
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
2.8%
-1.8%
B-24
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
2003
Domestic Air Carrier
AirTran
Alaska Airlines 1
America West 2
American
Continental 3
Delta 4
Express Jet5
Frontier
Great Lakes 6
Midwest 7
Northwest 8
Skybus9
Southwest
United 10
US Airways 11
Vanguard 12
Subtotal - Domestic Air Carrier
89,982
140,895
684,307
247,764
598,650
180,069
390,746
401,755
1,624,134
308,689
292,579
4,959,570
114,950
96,157
608,079
280,091
553,725
203,759
580,296
482,351
1,916,802
441,839
243,590
5,521,639
10,105
8,885
12,092
10,484
17,754
17,394
14,543
8,581
4,850,271
5,027,610
4,986,205
5,540,704
1
Alaska Airlines began service at MCI in March 2012.
2
Includes enplanements by Mesa Airlines. America West merged their operations with US Airways.
3
Includes enplanements by Chautauqua Airlines and Express Jet.
4
Includes operations by Atlantic Southeast Airlines (ASA), Chautauqua Airlines, Comair, Shuttle America,
5
Express Jet began operations at Kansas City International Airport effective April 2007 and became d/b/a
6
Great Lakes Airlines began service at MCI in October 2007.
Includes enplanements by Skyway and Republic Airlines. Midwest Airlines merged their operations with Frontier
Airlines in April 2010.
Skywest, Northwest and Pinnacle airlines.
Continental in 2009.
7
8
Delta and Northwest airlines merged in April 2008.
9
Skybus began service at MCI in May 2007 and ceased operations in April 2008.
10
Includes enplanements by GoJet Airlines, Mesa Airlines, Shuttle America, SkyWest Airlines and
TransStates Airlines.
11
Includes enplanements by Air Wisconsin, Mesa Airlines, PSA Airlines and Republic Airlines.
12
On July 30, 2002, Vanguard filed for Chapter 11 bankruptcy protection and ceased all operations.
Foreign Air Carrier includes Air Canada and Air Canada Jazz.
13
14
2006
88,923
146,694
658,969
233,137
656,419
183,425
229,586
404,162
1,686,016
414,336
299,664
5,001,331
14
TOTAL - ALL AIRLINES
2005
79,641
124,553
743,973
223,499
662,308
121,151
213,787
414,465
1,566,408
370,314
302,313
4,822,412
Foreign Air Carrier 13
Charter
2004
Charter Passenger category includes Allegiant Air, American Trans Air, Miami Air International, Ryan
International, White Cap Air Marshal and Kalitta.
15
B-25
2007
2008
2009
2010
2011
2012
Jan-Apr2013 15
150,747
51,808
604,717
302,053
380,040
88,017
202,161
2,201
714,180
425,780
22,582
2,018,547
524,378
321,433
5,808,644
145,971
556,437
131,244
829,027
200,908
211,542
17,860
514,480
6,684
1,951,027
438,179
359,541
5,362,900
141,601
480,013
262,537
842,760
176,245
21,698
295,777
1,946,213
436,691
309,509
4,913,044
109,700
462,277
255,855
829,929
326,098
12,380
194,405
1,984,482
428,677
337,886
4,941,689
105,826
462,109
240,803
888,901
662,912
488
1,991,860
372,343
350,589
5,075,831
94,826
40,597
470,125
909,211
421,086
2,063,124
601,482
381,673
4,982,124
28,935
15,712
140,311
259,712
60,704
659,578
175,440
122,660
1,463,052
20,923
11,152
8,025
7,651
10,802
10,074
2,235
3,092
1,874
1,340
391
1,394
1,997
466
5,832,659
5,375,926
4,922,409
4,949,731
5,088,027
4,994,195
1,465,753
(Continued)
B-26
2003
AirTran
Alaska Airlines 1
America West 2
American
Continental 3
Delta 4
Express Jet 5
Frontier
Great Lakes 6
Midwest 7
Northwest 8
Skybus 9
Southwest
United 10
US Airways 11
Vanguard 12
2004
2005
2006
2007
1.6%
0.0%
2.6%
15.3%
4.6%
13.7%
0.0%
2.5%
0.0%
4.4%
8.5%
0.0%
32.3%
7.6%
6.2%
0.0%
99.4%
1.8%
0.0%
2.9%
13.1%
4.6%
13.1%
0.0%
3.6%
0.0%
4.6%
8.0%
0.0%
33.5%
8.2%
6.0%
0.0%
99.5%
1.8%
0.0%
2.8%
13.7%
5.0%
12.0%
0.0%
3.6%
0.0%
7.8%
8.1%
0.0%
32.6%
6.2%
5.9%
0.0%
99.5%
2.1%
0.0%
1.7%
11.0%
5.1%
10.0%
0.0%
3.7%
0.0%
10.5%
8.7%
0.0%
34.6%
8.0%
4.4%
0.0%
99.7%
2.6%
0.0%
0.9%
10.4%
5.2%
6.5%
1.5%
3.5%
0.0%
12.2%
7.3%
0.4%
34.6%
9.0%
5.5%
0.0%
99.6%
Foreign Air Carrier 13
0.2%
0.2%
0.2%
0.2%
0.4%
Charter 14
0.4%
0.3%
0.3%
0.2%
0.1%
100.0%
100.0%
100.0%
100.0%
100.0%
1
Alaska Airlines began service at MCI in March 2012.
Includes enplanements by Mesa Airlines. America West merged their operations with US Airways.
3
Includes enplanements by Chautauqua Airlines, and Express Jet.
4
Includes operations by Atlantic Southeast Airlines (ASA), Chautauqua Airlines, Comair, Shuttle America,
SkyWest, Northwest and Pinnacle airlines.
5
Express Jet began operations at Kansas City International Airport effective April 2007 and became d/b/a
Continental in 2009.
6
Great Lakes Airlines began service at MCI in October 2007.
7
Includes enplanements by Skyway, and Republic Airlines. Midwest Airlines merged their operations with Frontier
Airlines in April 2010.
8
Delta and Northwest airlines merged in April 2008.
9
Skybus began service at MCI in May 2007 and ceased operations in April 2008.
10
Includes enplanements by GoJet Airlines, Mesa Airlines, Shuttle America, SkyWest Airlines and
TransStates Airlines.
11
Includes enplanements by Air Wisconsin, Mesa Airlines, PSA Airlines and Republic Airlines.
12
On July 30, 2002, Vanguard filed for Chapter 11 bankruptcy protection and ceased all operations.
13
Foreign Air Carrier includes Air Canada and Air Canada Jazz.
14
Charter Passenger category includes Allegiant Air, American Trans Air, Miami Air International, Ryan
International, White Cap Air Marshal and Kalitta.
15
2
B-27
2008
2009
2010
2011
2012 15
2.7%
0.0%
0.0%
10.4%
2.4%
15.4%
3.7%
3.9%
0.3%
9.6%
0.0%
0.1%
36.3%
8.2%
6.7%
0.0%
99.8%
2.9%
0.0%
0.0%
9.8%
5.3%
17.1%
0.0%
3.6%
0.4%
6.0%
0.0%
0.0%
39.5%
8.9%
6.3%
0.0%
99.8%
2.2%
0.0%
0.0%
9.3%
5.2%
16.8%
0.0%
6.6%
0.3%
3.9%
0.0%
0.0%
40.1%
8.7%
6.8%
0.0%
99.8%
2.1%
0.0%
0.0%
9.1%
4.7%
17.5%
0.0%
13.0%
0.0%
0.0%
0.0%
0.0%
39.1%
7.3%
6.9%
0.0%
99.8%
1.9%
0.8%
0.0%
9.4%
0.0%
18.2%
0.0%
8.4%
0.0%
0.0%
0.0%
0.0%
41.5%
12.0%
7.6%
0.0%
99.8%
0.2%
0.2%
0.2%
0.2%
0.2%
0.0%
0.0%
0.0%
0.0%
0.0%
100.0%
100.0%
100.0%
100.0%
100.0%
B-28
Schedule of MCI Aircraft Operations
Year
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1
2
3
1
Commuter/
Air Taxi
111,295
103,060
110,119
114,629
118,433
113,992
123,889
125,385
145,912
151,298
148,178
137,500
116,367
117,575
101,007
119,695
132,202
120,341
106,235
106,712
105,042
98,382
40,068
50,313
49,327
54,989
58,602
55,612
61,518
61,009
48,210
43,487
36,818
35,837
35,826
31,988
32,439
36,553
53,942
48,796
37,372
32,526
31,328
30,105
Air Carrier
All-Cargo
2
6,730
6,738
10,086
14,642
10,854
12,386
12,092
13,548
12,232
11,560
14,834
9,146
9,526
10,584
9,580
6,858
6,040
5,070
3,016
2,854
2,884
2,884
General
Aviation 3
17,088
15,600
17,319
17,490
15,420
14,234
13,386
12,029
12,499
11,253
8,793
8,008
8,302
8,473
12,025
14,544
7,995
6,907
6,027
5,671
4,239
3,946
Military
1,647
1,805
1,964
1,320
1,044
960
679
534
963
714
1,074
834
737
715
934
816
830
673
689
843
1,055
763
Total
176,828
177,516
188,815
203,070
204,353
197,184
211,564
212,505
219,816
218,312
209,697
191,325
170,758
169,335
155,985
178,466
201,009
181,787
153,339
148,606
144,548
136,080
Includes aircraft operations by domestic air carriers, Air Canada and charter operations.
Cargo operations based on Schedule of Commercial Aircraft Landings - Cargo.
In 2007, the substitution from small freighters to medium-sized freighters resulted in fewer total overall air
operations by the all-cargo airlines.
General Aviation includes civil itinerant and local aircraft operations.
Source: Kansas City Aviation Department based on FAA Airport Operations Monthly Summary.
B-29
Schedule of Enplaned Cargo
Calendar Years 1991 – 2012 and January – April 2003 – 2013
1
Year
Mail
Weight (000 lbs)
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
36,079
43,848
49,446
54,921
57,934
58,627
54,244
51,036
49,380
54,598
44,566
35,227
35,293
34,836
33,371
33,499
10,332
7,336
5,420
4,054
2,821
2,207
38.1%
39.9%
37.5%
35.3%
38.3%
36.1%
33.3%
28.2%
27.3%
31.1%
26.4%
23.9%
24.4%
22.4%
22.0%
22.3%
7.1%
5.9%
5.6%
4.3%
3.0%
2.4%
58,557
65,952
82,313
100,577
93,182
103,635
108,818
129,840
131,349
120,696
124,057
112,454
109,117
120,761
118,124
116,619
135,733
117,363
91,111
90,624
90,941
91,627
61.9%
60.1%
62.5%
64.7%
61.7%
63.9%
66.7%
71.8%
72.7%
68.9%
73.6%
76.1%
75.6%
77.6%
78.0%
77.7%
92.9%
94.1%
94.4%
95.7%
97.0%
97.6%
94,636
109,800
131,759
155,498
151,116
162,262
163,062
180,876
180,729
175,294
168,623
147,681
144,410
155,597
151,495
150,118
146,065
124,699
96,531
94,678
93,762
93,834
Jan - Apr 2003
Jan - Apr 2004
Jan - Apr 2005
Jan - Apr 2006
11,014
11,795
11,341
11,135
22.8%
23.1%
23.4%
23.6%
37,355
39,226
37,154
36,093
77.2%
76.9%
76.6%
76.4%
48,369
51,021
48,495
47,228
Jan - Apr 20071
Jan - Apr 2008
Jan - Apr 2009
Jan - Apr 2010
Jan - Apr 2011
Jan - Apr 2012
Jan - Apr 2013
4,290
2,515
1,874
1,603
1,311
836
654
9.3%
5.7%
5.7%
5.3%
4.3%
2.8%
2.0%
42,059
41,829
31,133
28,551
29,013
28,764
32,243
90.7%
94.3%
94.3%
94.7%
95.7%
97.2%
98.0%
46,349
44,344
33,007
30,154
30,324
29,600
32,897
% of Total
Air Freight
Weight (000 lbs)
% of Total
2007 data incorporates a change in reporting methodology between Mail and Air Freight weights.
B-30
Total Cargo
(000 lbs)
Schedule of Commercial Aircraft Landed Weight by Airline (pounds in thousands)
Calendar Years 2003 – 2012 and January through April 2012 and 2013
AirTran
Alaska Airlines (1)
America West (2)
American
Continental (3)
Delta (4)
ExpressJet (5)
Frontier
Great Lakes Airlines (6)
Midwest (7)
Northwest (8)
Skybus (9)
Southwest
United (10)
US Airways (11)
Vanguard (12)
113,132
129,851
1,198,838
289,793
825,915
156,705
542,387
590,625
2,924,833
478,661
392,981
7,643,721
132,080
134,495
929,788
288,378
820,749
260,631
526,860
600,622
2,785,553
533,996
341,635
7,354,787
16.7%
0.0%
3.6%
-22.4%
-0.5%
-0.6%
0.0%
66.3%
0.0%
-2.9%
1.7%
0.0%
-4.8%
11.6%
-13.1%
0.0%
-3.8%
111,800
133,264
930,726
273,113
744,378
290,139
679,256
604,984
2,504,612
454,497
291,047
7,017,816
-15.4%
0.0%
-0.9%
0.1%
-5.3%
-9.3%
0.0%
11.3%
0.0%
28.9%
0.7%
0.0%
-10.1%
-14.9%
-14.8%
0.0%
-4.6%
66,604
32,801
99,405
48,147
58,828
106,975
-27.7%
0.0%
7.6%
50,647
59,126
109,773
5.2%
0.5%
2.6%
6,940
16,544
23,484
2,861
15,309
18,170
-58.8%
100.0%
-22.6%
16,887
1,692
18,579
490.2%
-88.9%
2.3%
28,717
18,579
-35.3%
48,892
163.2%
11,491
92,295
79,121
82,015
98,800
291,237
66,788
127,804
294
849,845
8,645,172
11,551
96,806
81,293
81,760
112,388
323,636
66,759
134,479
1,068
909,740
8,408,251
0.5%
4.9%
2.7%
-0.3%
13.8%
11.1%
0.0%
5.2%
100.0%
7.0%
-2.7%
7,910
98,453
73,976
73,440
34,558
306,157
66,062
132,613
64,178
857,347
8,052,407
-31.5%
1.7%
-9.0%
-10.2%
-69.3%
-5.4%
-1.0%
-1.4%
5909.2%
-5.8%
-4.2%
Charter (14)
2005
% Change
2004
Commuter
Air Midwest
Air Wisconsin
Subtotal - Commuter
Foreign Air Carrier
Air Canada (13)
Air Canada Jazz
Subtotal - Foreign Carrier
All-Cargo Carrier
Air Cargo Carriers, Inc (15)
Airborne Express
Capitol Cargo/BAX Global (18)
DHL Airways/DHL Express
Emery Worldwide (16)
Federal Express
Kitty Hawk International Inc.
UPS
Others (17)
Subtotal - Cargo
% Change
2003
(1) Alaska Airlines began service at MCI in March 2012.
(2) Includes operations by Mesa Airlines. America West merged their operations with US Airways.
(3) Includes operations by Chautauqua Airlines and ExpressJet; merged with United in 2012.
(4) Includes operations by Atlantic Southeast Airlines (ASA), Chautauqua Airlines, Comair, Shuttle America,
(5) ExpressJet began operations at Kansas City International Airport effective April 2007 and has ceased
operations under its own brand as of September 2008.
(6) Great Lakes Airlines began service at MCI in October 2007.
(7) Includes operations by Skyway and Republic Airlines. Midwest Airlines merged their operations with
Frontier Airlines in April 2010.
(8) Delta and Northwest airlines merged in April 2008.
B-31
2006
% Change
2007
% Change
2008
% Change
2009
% Change
137,928
104,050
748,395
287,355
560,371
300,042
940,668
553,221
2,774,700
628,764
211,458
7,246,952
23.4%
0.0%
-21.9%
-19.6%
5.2%
-24.7%
0.0%
3.4%
0.0%
38.5%
-8.6%
0.0%
10.8%
38.3%
-27.3%
0.0%
3.3%
177,912
54,495
765,756
317,671
505,761
141,211
301,268
7,595
1,188,964
523,747
30,589
2,906,770
675,725
320,128
7,917,592
29.0%
0.0%
-47.6%
2.3%
10.6%
-9.7%
0.0%
0.4%
0.0%
26.4%
-5.3%
0.0%
4.8%
7.5%
51.4%
0.0%
9.3%
174,464
700,276
70,235
911,771
289,754
273,025
61,645
871,038
12,125
2,874,198
704,240
352,776
7,295,547
-1.9%
0.0%
-100.0%
-8.6%
-77.9%
80.3%
100.0%
-9.4%
100.0%
-26.7%
-100.0%
100.0%
-1.1%
4.2%
10.2%
0.0%
-7.9%
166,256
616,047
272,828
1,000,224
241,234
92,040
455,422
2,607,872
614,144
362,354
6,428,421
-4.7%
0.0%
0.0%
-12.0%
288.5%
9.7%
-100.0%
-11.6%
49.3%
-47.7%
0.0%
-100.0%
-9.3%
-12.8%
2.7%
0.0%
-11.9%
65,006
62,933
127,939
28.4%
6.4%
16.5%
112,000
26,179
138,179
72.3%
-58.4%
8.0%
48,140
22,043
70,183
-57.0%
-15.8%
-49.2%
22,983
22,983
-100.0%
4.3%
-67.3%
1,280
18,424
19,704
-92.4%
988.9%
6.1%
16,638
16,638
-100.0%
-9.7%
-15.6%
17,418
17,418
0.0%
4.7%
4.7%
14,617
14,617
0.0%
-16.1%
-16.1%
10,209
-79.1%
7,141
-30.1%
6,841
-4.2%
6,343
-7.3%
125,294
77,424
34,971
311,108
61,004
124,862
45,194
779,857
8,184,661
-100.0%
27.3%
4.7%
-52.4%
-100.0%
1.6%
-7.7%
-5.8%
-29.6%
-9.0%
1.6%
108,940
74,873
7,620
306,456
42,726
126,322
2,898
669,835
8,749,385
0.0%
-13.1%
-3.3%
-78.2%
0.0%
-1.5%
-30.0%
1.2%
-93.6%
-14.1%
6.9%
61,102
73,229
45,312
276,235
127,190
3,051
586,119
7,976,108
0.0%
-43.9%
-2.2%
494.6%
0.0%
-9.9%
-100.0%
0.7%
5.3%
-12.5%
-8.8%
17,952
52,771
711
251,154
128,554
581
451,723
6,924,087
0.0%
-70.6%
-27.9%
-98.4%
0.0%
-9.1%
0.0%
1.1%
-81.0%
-22.9%
-13.2%
(9) Skybus began service at MCI in May 2007 and ceased operations in April 2008.
(10) Includes operations by GoJet Airlines, Mesa Airlines, Shuttle America, SkyWest Airlines and TransStates Airlines.
(11) Includes operations by Air Wisconsin, Mesa Airlines, PSA Airlines and Republic Airlines.
(12) On July 30, 2002, Vanguard filed for Chapter 11 bankruptcy protection and ceased all operations.
(13) Effective 2007, Air Canada's operations are reported together with Air Canada Jazz's operations.
(14) Charter Passenger category includes Allegiant Air, American Trans Air, Miami Air International, Ryan International and
White Cap Air Marshal.
(15) Air Cargo Carriers left the KCI market in 2006.
(16) Emery Worldwide and UPS merged in 2006.
(17) Includes Ameriflight, Inc., Cargo Jet, Kalitta Air, Mountain Air, Skyway Enterprise, UPS Supply Chain Solutions,
and Air Transport International.
(18) Capital Cargo replaced BAX Global reporting in January 2012.
(Continued)
B-32
2010
AirTran
Alaska Airlines (1)
America West (2)
American
Continental (3)
Delta (4)
ExpressJet (5)
Frontier
Midwest (7)
Northwest (8)
Skybus (9)
Southwest
United (10)
US Airways (11)
Vanguard (12)
Commuter
Air Midwest
Air Wisconsin
Subtotal - Commuter
Foreign Air Carrier
Air Canada (13)
Air Canada Jazz
2011
% Change
2012
% Change
132,224
578,878
278,303
1,021,228
384,057
41,527
289,803
2,568,748
589,180
433,996
6,317,944
-20.5%
0.0%
0.0%
-6.0%
2.0%
2.1%
0.0%
59.2%
-54.9%
-36.4%
0.0%
0.0%
-1.5%
-4.1%
19.8%
0.0%
-1.7%
129,024
559,265
278,233
1,057,106
765,298
2,163
2,560,228
441,580
448,282
6,241,179
-2.4%
0.0%
0.0%
-3.4%
0.0%
3.5%
0.0%
99.3%
-94.8%
-100.0%
0.0%
0.0%
-0.3%
-25.1%
3.3%
0.0%
-1.2%
115,504
42,729
508,037
82,782
1,097,550
460,839
2,602,082
588,058
480,453
5,978,034
-10.5%
0.0%
0.0%
-9.2%
-70.2%
3.8%
0.0%
-39.8%
-100.0%
0.0%
0.0%
0.0%
1.6%
33.2%
7.2%
0.0%
-4.2%
-
0.0%
-100.0%
-100.0%
-
0.0%
0.0%
0.0%
-
0.0%
0.0%
0.0%
15,087
15,087
0.0%
3.2%
3.2%
16,779
16,779
0.0%
11.2%
11.2%
17,061
17,061
0.0%
1.7%
1.7%
4,926
-22.3%
9,433
91.5%
8,584
-9.0%
44,961
2,200
246,866
128,283
2,605
424,915
6,762,872
0.0%
-100.0%
-14.8%
209.4%
0.0%
-1.7%
0.0%
-0.2%
348.4%
-5.9%
-2.3%
44,642
2,475
259,764
127,022
3,340
437,243
6,704,634
0.0%
0.0%
-0.7%
12.5%
0.0%
5.2%
0.0%
-1.0%
28.2%
2.9%
-0.9%
272
41,266
275
251,099
127,858
8,707
429,477
6,433,156
0.0%
0.0%
-7.6%
-88.9%
0.0%
-3.3%
0.0%
0.7%
160.7%
-1.8%
-4.0%
Charter (14)
All-Cargo Carrier
Air Cargo Carriers, Inc. (15)
Airborne Express
Federal Express
UPS
Others (17)
Subtotal - Cargo
% Change
(3) Includes operations by Chautauqua Airlines and ExpressJet.
B-33
Jan-Apr12
Jan-Apr13
% Change
35,904
7,346
171,640
82,782
326,421
245,019
830,458
132,356
153,620
1,985,546
37,720
17,226
161,125
347,118
77,195
873,558
200,716
157,471
1,872,129
5.1%
100.0%
0.0%
-6.1%
-100.0%
6.3%
0.0%
-68.5%
0.0%
0.0%
0.0%
0.0%
5.2%
51.6%
2.5%
0.0%
-5.7%
-
-
0.0%
0.0%
0.0%
5,640
5,640
5,217
5,217
0.0%
-7.5%
-7.5%
4,745
438
-90.8%
13,674
275
81,630
41,072
1,401
138,052
2,133,983
22,859
91,485
43,365
2,364
160,073
2,037,857
0.0%
0.0%
-100.0%
-100.0%
0.0%
12.1%
0.0%
5.6%
68.7%
16.0%
-4.5%
B-34
Airline
AirTran
Alaska Airlines (1)
America West (2)
American
Continental (3)
Delta (4)
ExpressJet (5)
Frontier
Midwest (7)
Northwest (8)
Skybus (9)
Southwest
United (10)
US Airways (11)
Vanguard (12)
Commuter
Air Midwest
Air Wisconsin
Subtotal - Commuter
Foreign Air Carrier
Air Canada (13)
Air Canada Jazz
Charter (14)
All-Cargo Carrier
Airborne Express
Federal Express
UPS
Others (17)
Subtotal - Cargo
2003
2004
2005
2006
2007
1,088
1,140
8,876
4,174
8,553
1,329
5,135
5,593
24,706
3,966
3,517
68,077
1,270
1,171
7,283
4,735
8,794
2,022
5,109
5,739
23,437
4,506
3,957
68,023
1,075
1,047
7,300
5,329
7,875
2,220
6,540
6,631
21,225
3,536
3,515
66,293
1,326
1,012
5,885
5,776
6,473
2,249
9,188
5,931
23,433
5,606
2,592
69,471
1,659
483
7,380
6,068
5,476
3,272
2,261
453
12,843
5,817
222
24,621
6,237
3,494
80,286
3,978
643
4,621
2,898
1,251
4,149
3,051
1,258
4,309
3,916
1,339
5,255
6,747
557
7,304
140
352
492
229
61
325
386
117
356
36
392
674
4
392
396
72
354
354
47
508
834
468
514
607
1,106
423
470
3
4,933
78,352
510
946
477
511
693
1,226
439
483
7
5,292
77,967
350
794
432
456
214
1,113
437
474
399
4,669
76,337
523
438
199
1,086
432
472
280
3,430
78,624
648
420
45
1,069
326
462
50
3,020
91,011
B-35
2008
2009
2010
2011
2012
Jan-Apr12
Jan-Apr13
1,675
6,607
1,089
10,877
6,685
2,041
3,677
9,676
88
23,922
5,700
4,138
76,175
1,594
4,959
5,919
11,683
1,829
5,490
5,290
21,655
5,450
3,960
67,829
1,264
5,286
6,106
10,869
3,776
2,477
3,514
21,335
5,976
4,294
64,897
1,221
5,099
5,893
11,175
7,692
129
21,216
6,461
4,328
63,214
1,103
296
5,175
1,830
10,928
4,110
21,342
10,336
4,579
59,699
339
51
1,727
1,830
3,563
2,225
6,860
2,187
1,426
20,208
362
119
1,647
3,401
600
7,047
3,665
1,563
18,404
2,900
469
3,369
489
489
-
-
-
-
-
370
370
49
311
311
47
321
321
35
357
357
66
363
363
56
120
120
34
111
111
3
428
427
279
949
398
54
2,535
82,498
66
313
3
842
271
13
1,508
70,184
271
8
812
286
50
1,427
66,680
268
9
828
281
56
1,442
65,079
1
254
1
807
288
91
1,442
61,560
84
1
262
92
17
456
20,818
84
259
91
22
456
18,974
(Continued)
B-36
Airline
AirTran
Alaska Airlines (1)
America West (2)
American
Continental (3)
Delta (4)
ExpressJet (5)
Frontier
Midwest (7)
Northwest (8)
Skybus (9)
Southwest
United (10)
US Airways (11)
Vanguard (12)
Commuter
Air Midwest
Air Wisconsin
Subtotal - Commuter
Foreign Air Carrier
Air Canada (13)
Air Canada Jazz
Charter (14)
All-Cargo Carrier
Airborne Express
Federal Express
UPS
Others (17)
Subtotal - Cargo
2002-03
2003-04
Percent Change
2004-05
2005-06
2006-07
338.7%
N/A
-24.8%
1.4%
6.9%
25.2%
N/A
3.3%
N/A
-24.0%
2.4%
N/A
-3.6%
-10.0%
-2.9%
-100.0%
-8.8%
16.7%
N/A
2.7%
-17.9%
13.4%
2.8%
N/A
52.1%
N/A
-0.5%
2.6%
N/A
-5.1%
13.6%
12.5%
N/A
-0.1%
-15.4%
N/A
-10.6%
0.2%
12.5%
-10.5%
N/A
9.8%
N/A
28.0%
15.5%
N/A
-9.4%
-21.5%
-11.2%
N/A
-2.5%
23.3%
N/A
-3.3%
-19.4%
8.4%
-17.8%
N/A
1.3%
N/A
40.5%
-10.6%
N/A
10.4%
58.5%
-26.3%
N/A
4.8%
25.1%
N/A
-52.3%
25.4%
5.1%
-15.4%
100.0%
0.5%
100.0%
39.8%
-1.9%
100.0%
5.1%
11.3%
34.8%
N/A
15.6%
-55.9%
N/A
-48.8%
-27.1%
94.6%
-10.2%
5.3%
0.6%
3.9%
28.4%
6.4%
22.0%
72.3%
-58.4%
39.0%
-76.9%
N/A
-18.7%
-46.0%
-56.4%
-7.7%
-21.5%
-48.9%
483.6%
-88.9%
1.6%
476.1%
-98.9%
988.9%
1.0%
-89.3%
-100.0%
-9.7%
-10.6%
-34.7%
52.1%
45.0%
18.5%
1.0%
16.5%
-8.0%
-22.0%
-5.1%
N/A
7.9%
-12.2%
0.4%
13.4%
1.9%
-0.6%
14.2%
10.8%
3.8%
2.8%
133.3%
7.3%
-0.5%
-31.4%
-16.1%
-9.4%
-10.8%
-69.1%
-9.2%
-0.5%
-1.9%
5600.0%
-11.8%
-2.1%
-100.0%
-34.1%
1.4%
-56.4%
-100.0%
-2.4%
-1.1%
-0.4%
-29.8%
-26.5%
3.0%
N/A
23.9%
-4.1%
-77.4%
N/A
-1.6%
-24.5%
-2.1%
-82.1%
-12.0%
15.8%
B-37
2007-08
2008-09
Percent Change
2009-10
2010-11
2011-12
Jan-Apr 12-13
1.0%
N/A
-100.0%
-10.5%
-82.1%
98.6%
104.3%
-9.7%
711.7%
-24.7%
-100.0%
-60.4%
-2.8%
-8.6%
18.4%
N/A
-5.1%
-4.8%
N/A
N/A
-24.9%
443.5%
7.4%
-100.0%
-10.4%
49.3%
-45.3%
N/A
-100.0%
-9.5%
-4.4%
-4.3%
N/A
-11.0%
-20.7%
N/A
N/A
6.6%
3.2%
-7.0%
0.0%
106.5%
-54.9%
-33.6%
N/A
0.0%
-1.5%
9.7%
8.4%
N/A
-4.3%
-3.4%
0.0%
N/A
-3.5%
-3.5%
2.8%
0.0%
103.7%
-94.8%
-100.0%
N/A
0.0%
-0.6%
8.1%
0.8%
N/A
-2.6%
-9.7%
200.0%
N/A
1.5%
-68.9%
-2.2%
100.0%
-46.6%
-100.0%
N/A
N/A
N/A
0.6%
60.0%
5.8%
N/A
-5.6%
6.8%
133.3%
-57.0%
-15.8%
-53.9%
-100.0%
4.3%
-85.5%
0.0%
-100.0%
-100.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
4.5%
104.5%
104.3%
0.0%
-15.9%
-15.9%
95.9%
0.0%
3.2%
3.2%
74.5%
0.0%
11.2%
11.2%
188.6%
0.0%
1.7%
1.7%
84.8%
0.0%
-7.5%
-7.5%
-91.2%
N/A
-34.0%
1.7%
520.0%
N/A
-11.2%
-100.0%
-13.9%
8.0%
83.9%
-9.4%
N/A
-84.6%
-26.7%
-98.9%
N/A
-11.3%
N/A
-31.9%
-75.9%
-40.5%
-14.9%
N/A
-100.0%
-13.4%
166.7%
N/A
-3.6%
N/A
5.5%
284.6%
-5.4%
-5.0%
N/A
0.0%
-1.1%
12.5%
N/A
2.0%
N/A
-1.7%
12.0%
1.1%
-2.4%
N/A
100.0%
-5.2%
-88.9%
N/A
-2.5%
N/A
2.5%
62.5%
0.0%
1.0%
N/A
-4.6%
-100.0%
-4.5%
0.0%
-73.0%
0.0%
0.0%
N/A
0.0%
2.7%
67.6%
9.6%
N/A
-8.9%
N/A
100.0%
-100.0%
-100.0%
N/A
-1.1%
N/A
-1.1%
29.4%
0.0%
-8.9%
B-38
Schedule of Annual Parking Revenue by Facility
Year
Terminal Garages
Revenue
% of Total
Economy1
Revenue
% of Total
Circle E
Revenue
% of Total
Other
Revenue
% of Total
Total
Revenue
% Change
B-39
FY04
FY05
FY06
FY072
FY083
FY094
FY105
$ 16,497,560
16,906,542
18,511,844
20,876,486
23,393,010
20,595,087
19,739,644
49.6%
48.9%
51.8%
52.2%
53.1%
51.1%
49.3%
$ 4,110,987
4,239,169
4,341,514
4,847,065
4,920,006
4,538,979
4,414,251
12.3%
12.2%
12.1%
12.1%
11.2%
11.3%
11.0%
$ 11,072,774
11,821,526
11,698,517
13,098,510
14,261,637
13,760,166
13,684,041
33.3%
34.2%
32.7%
32.7%
32.4%
34.1%
34.2%
$ 1,612,029
1,639,988
1,218,066
1,210,880
1,432,352
1,409,059
2,221,657
4.8%
4.7%
3.4%
3.0%
3.3%
3.5%
5.5%
$ 33,293,350
34,607,225
35,769,941
40,032,941
44,007,005
40,303,291
40,059,593
3.9%
3.4%
11.9%
9.9%
-8.4%
-0.6%
FY116
7
FY12
FY138
21,356,689
21,865,158
22,036,947
49.2%
47.3%
46.4%
4,799,590
5,131,066
5,451,113
11.1%
11.1%
11.5%
14,250,010
14,755,871
15,343,740
32.9%
32.0%
32.4%
2,960,538
4,415,587
4,543,985
6.8%
9.6%
9.6%
43,366,827
46,167,682
47,375,785
8.3%
6.5%
2.6%
1
The Economy Lot replaced the Satellite Lot in January 2004.
2
FYE07 Terminal Garages: A, $6,013,307; B, $9,351,963; C, $5,511,216.
3
4
5
6
7
8
Schedule of Historical Airline Cost Per Enplaned Passenger
Fiscal
Year
Landing
Fees1
2004
$ 8,534,887
2005
8,518,469
2006
9,787,460
2007
11,518,934
2008
12,174,446
2009
11,991,875
2010
12,952,637
2011
13,111,314
3
14,950,290
2012
2013 3 14,243,037
Terminal
Building
Rents
Terminal
Apron
Fees
$ 6,637,060
6,767,040
8,265,270
8,798,380
9,919,574
10,594,929
9,355,593
9,202,970
9,309,597
8,450,472
$ 1,694,001
1,609,869
1,159,624
1,486,668
1,897,767
1,651,618
1,698,382
1,622,975
1,785,290
1,826,567
Passenger
Boarding
Bridges
$
750,258
727,236
1,122,862
616,804
609,352
844,945
559,298
1,061,492
1,869,638
844,850
Total
$
17,616,206
17,622,614
20,335,216
22,420,786
24,601,138
25,083,367
24,565,910
24,998,750
27,914,815
25,364,926
1
Excludes airfield fees paid by cargo carriers.
Enplanements on a fiscal year basis, annual enplanements shown on Schedule of
Annual Passenger Enplanements are presented on a calendar year basis.
3
Reflects Use and Lease Agreement. Amounts provided are preliminary settlements
amounts and are subject to change.
2
Starting FY2013 and forward enplanement calculations include non-revenue passengers.
B-40
Enplaned
Passengers 2
4,905,086
5,036,889
5,112,330
5,610,488
5,905,988
5,058,885
4,939,032
4,945,779
5,198,808
4,878,178
Cost
per
Enplaned
Passenger
$
3.59
3.50
3.98
4.00
4.17
4.96
4.97
5.05
5.37
5.20
Airport Revenues/Expenses
Revenues and Expenses per GAAP
Operating revenues
Operating expenses
Operating loss
Other income, net
Net income
2004
$
69,373,717
(77,821,730)
(8,448,013)
19,612,586
11,164,573
2005
$
70,918,962
(89,408,880)
(18,489,918)
14,384,747
(4,105,171)
2006
$
80,379,819
(109,676,767)
(29,296,948)
52,963,041
23,666,093
2007
$
95,455,051
(125,426,950)
(29,971,899)
36,542,423
6,570,524
Net Revenues Available for GARB Debt Service
Total revenues
Total expenses
Net revenues
Net Income per GAAP
Add Back1
Depreciation expense
Interest expense on bonds
Other post-employment benefits 2
Amortization of bond costs
Nonoperating expense (other)
Deduct3
PFC revenue
Capital grant revenue
Interest income on PFCs and bond accounts4
Other adjustments
Other nonoperating revenue5, 6
Richards-Gebaur operating revenues
Net Revenues Available for Debt Service
1
2
3
$
78,973,729
(49,211,704)
29,762,025
78,908,534
(50,470,970)
28,437,564
92,067,188
(60,055,642)
32,011,546
-
11,164,573
(4,105,171)
23,666,093
6,570,524
28,400,493
9,324,298
209,533
91,017
38,649,530
14,675,769
288,380
328,082
49,267,402
19,186,893
353,723
2,885,999
53,587,091
18,105,307
357,548
273,961
(13,879,589)
(3,258,011)
(741,224)
(187,230)
(1,361,835)
(13,655,542)
(5,816,648)
(61,522)
(614,809)
(1,250,505)
(20,252,999)
(40,897,885)
(750,752)
(210,810)
(1,236,118)
(24,097,730)
(11,915,287)
(1,195,973)
(377,681)
(1,292,871)
29,762,025
$
28,437,564
$
32,011,546
$
Included in expenses presented pursuant to GAAP, but not included in expenses for operating and maintaining the airports
pursuant to the bond ordinances.
FY2008 data incorporates a change in reporting methodology.
Included in revenues presented pursuant to GAAP, but not included in revenues available to pay debt service on GARBs
4
Interest income on unspent PFC funds; unspent Series 2001 PFC Bond proceeds; and the balances in the accounts established
5
The FY2002 adjustments in the bottom of the table have been restated since the continuing disclosure information was prepared in 2003.
6
The FY2003 adjustments in the bottom of the table have been restated since the continuing disclosure information was prepared in 2004.
B-41
40,014,889
2008
$
104,106,482
(135,967,104)
(31,860,622)
48,083,552
16,222,930
2009
$
121,891,583
(76,996,221)
44,895,362
$
102,083,957
(138,947,252)
(36,863,295)
34,514,933
(2,348,362)
2010
$
96,738,412
(138,073,411)
(41,334,999)
39,923,075
(1,411,924)
114,594,245
(77,314,813)
37,279,432
104,627,524
(78,450,515)
26,177,008
16,222,930
(2,348,362)
57,672,448
18,883,495
940,887
357,548
182,266
(23,822,136)
(20,731,257)
(1,782,281)
(2,923,404)
(105,135)
44,895,362
$
2011
$
100,818,950
(132,474,406)
(31,655,456)
50,835,848
19,180,392
2012
$
106,920,946
(133,328,198)
(26,407,252)
32,932,816
6,525,564
2013
$
105,977,205
(131,444,595)
(25,467,390)
20,187,756
(5,279,634)
108,861,897
(78,363,702)
30,498,195
115,372,490
(76,514,182)
38,858,308
(1,411,924)
19,180,392
6,525,564
59,898,853
17,680,222
1,367,511
366,076
226,806
57,878,343
16,546,951
1,402,669
341,884
275,704
53,418,701
14,777,031
359,595
332,408
253,827
55,293,214
14,090,771
1,188,393
332,408
1,201,653
54,397,160
13,335,509
197,152
271,886
5,557,707
(20,159,368)
(17,912,602)
(1,637,625)
(202,079)
-
(20,532,775)
(26,766,354)
(1,037,487)
(520,002)
-
(20,454,358)
(16,647,390)
(19,341,408)
(1,029,302)
(351,300)
-
(20,887,024)
(17,074,691)
(912,974)
(899,006)
-
(19,468,916)
(10,032,725)
(263,969)
(1,338,414)
-
37,279,432
$
26,177,008
$
30,498,195
B-42
$
38,858,308
113,954,153
(76,578,397)
37,375,756
(5,279,634)
$
37,375,756
2004
2005
2006 4
2007
By Expense Category
Salaries, wages and benefits
Commodities and supplies
$ 21,120,771
25,474,042
2,616,891
$ 22,168,647
25,680,324
2,621,999
$ 24,007,384
33,071,060
2,977,198
$ 25,022,038
42,447,274
4,012,999
Total O&M Expenses
$ 49,211,704
$ 50,470,970
$ 60,055,642
$ 71,482,311
$
$
$
9,652,301
$ 10,676,825
By Cost Center
Airline Cost Centers
Direct
Runways and taxiways
1
Terminal buildings
Terminal aprons
Passenger boarding bridges
Indirect
General administrative
Airport police
Heating, cooling and ventilation
ARFF
Terminal building structural
Field maintenance administration
Other 2
Total - Airline Cost Centers
Non-Airline Cost Centers
Total O&M Expenses
3
2,228,110
3,770,627
4,845,484
862,742
735,256
5,275,536
947,392
823,947
18,938,426
1,132,334
1,486,639
21,326,414
1,180,927
624,948
11,671,654
4,733,097
2,544,812
929,613
12,993,082
4,614,541
2,585,979
1,034,322
-
-
2,730,044
31,280,812
2,021,550
34,066,976
31,209,700
33,809,114
17,930,892
16,403,994
28,845,942
37,673,197
$ 49,211,704
$ 50,470,970
$ 60,055,642
$ 71,482,311
1
In order to simplify the cost center listing, the heating, cooling and ventilation cost center and the
terminal building structural cost center are combined into the terminal building cost center for
FYE04. Both of those cost centers are allocated 100% to the terminal building cost center.
2
“Other” represents the following indirect cost centers: ambulance service, apron security posts, support area
roads, inter-terminal bus, mobile response, law enforcement officers (LEOs) and baggage handling maintenance.
3
O&M expenses for the following facilities are not charged to the airlines: public parking lots, public
parking garage, employee parking facilities, general aviation area, taxicab shelters and other miscellaneous
non-airline facilities.
4
A new Use and Lease Agreement became effective on May 1, 2005 maintaining four direct cost centers
and eliminating seven indirect cost centers.
5
Beginning FY2008, data incorporates a change in reporting methodology - excluding OPEB.
A new Use and Lease Agreement became effective on May 1, 2009.
7
Reflects Use and Lease Agreement: the Airline cost centers amounts provided are preliminary settlements
amounts and are subject to change.
6
B-43
2008 5
2009
2010 6
$ 26,514,668
46,220,645
4,260,908
$ 28,831,360
44,689,158
3,794,294
$
29,797,055
44,728,434
3,925,026
$
28,905,636
45,012,638
4,445,428
$
28,355,253
43,878,454
4,280,475
$
29,169,011
42,816,982
4,592,404
$ 76,996,221
$ 77,314,813
$
78,450,515
$
78,363,702
$
76,514,182
$
76,578,397
$ 11,658,000
$ 12,045,000
$
12,029,357
$
12,549,488
$
12,218,159
$
12,781,429
21,204,000
1,326,000
694,000
22,973,000
1,384,000
539,000
22,717,973
1,427,882
1,074,791
23,316,448
1,490,911
1,086,145
21,486,481
1,495,585
995,620
21,599,669
1,478,620
951,813
-
-
-
-
-
-
34,882,000
36,941,000
37,250,003
38,442,992
36,195,845
36,811,531
42,114,221
40,373,813
41,200,512
39,920,710
40,318,337
39,766,866
$ 76,996,221
$ 77,314,813
$
2012 7
2011
78,450,515
$
B-44
78,363,702
$
2013 7
76,514,182
$
76,578,397
Schedule of Historical Revenues(1)
2004
Airfield
Landing fees (MCI & MKC)
Fuel flowage fees
Total airfield
$
9,545,944
682,166
10,228,110
2005
$
2006
9,358,585
680,383
10,038,968
$ 11,003,143
658,951
11,662,094
2007
$
12,379,739
637,822
13,017,561
Terminal
Terminal building rents
Airline terminal
Other terminal
Concessions
Food and beverage
News and gifts
Other concessions
Terminal apron area
Total terminal revenues
6,637,060
750,258
6,726,506
733,539
8,085,546
1,029,182
8,798,380
616,804
587,303
862,171
439,099
1,694,001
10,969,892
1,094,493
1,398,479
423,383
1,896,698
12,273,098
1,573,199
1,639,272
542,042
1,838,118
14,707,359
1,744,031
1,149,030
665,117
1,486,668
14,460,030
Parking revenue
Rental car revenue
Aviation services area
Other property rentals/other revenue
Operating grant
Customer facility charge revenues
Transportation facility charge revenues (2)
Interest revenue
33,089,817
7,864,913
3,559,507
2,299,644
936,958
5,886,939
4,137,949
34,450,836
7,829,509
2,679,955
2,396,089
136,058
5,976,731
3,127,290
35,606,188
8,372,860
4,594,393
2,440,441
130,359
6,147,691
1,760,366
6,645,437
40,032,941
8,817,410
10,576,261
2,961,357
168,117
6,456,360
4,296,620
10,710,543
$ 78,973,729
$ 78,908,534
$ 92,067,188
Total Revenues
$
111,497,200
(1)
Revenues presented in accordance with the methodology set forth in the GARB bond ordinances.
(2)
The Department began collecting rental car Transportation Facility Charge (“TFC”) Revenues on November 1, 2005.
B-45
Schedule of Historical Revenues (1)
2008
$
$
13,144,092
755,257
13,899,348
2009
$
13,001,311
428,279
13,429,590
2010
$
2011
13,804,270
229,372
14,033,642
$
14,017,042
431,204
14,448,246
2012
$
15,986,343
394,632
16,380,975
2013
$
15,370,047
442,210
15,812,257
9,919,574
609,352
10,594,929
844,945
9,355,593
559,298
9,202,970
1,061,492
9,309,597
1,869,638
8,450,472
844,850
2,122,205
1,224,245
312,502
1,897,767
16,085,645
1,955,650
1,028,853
267,964
1,651,618
16,343,958
1,747,254
837,215
285,896
1,698,382
14,483,637
1,774,032
913,019
397,043
1,622,975
14,971,531
1,992,142
926,962
515,038
1,785,290
16,398,667
1,972,644
825,272
711,989
1,826,567
14,631,794
44,007,005
10,695,864
9,728,175
5,045,088
185,220
6,809,736
4,540,222
10,895,280
40,303,290
10,891,442
9,873,639
7,124,115
290,638
6,170,584
4,117,922
6,049,066
40,059,593
9,825,488
8,221,341
6,377,218
315,569
5,439,585
3,737,492
2,133,958
43,366,827
9,749,133
6,076,945
8,195,045
264,630
5,674,925
4,011,223
2,103,392
46,167,682
10,104,810
3,918,673
9,201,962
154,660
6,036,072
4,748,178
2,260,811
47,375,785
9,889,394
4,670,210
8,826,576
627,742
6,070,968
4,771,188
1,278,239
121,891,583
$ 114,594,245
$ 104,627,524
$ 108,861,897
$ 115,372,490
$ 113,954,153
B-46
Schedule of PFC Revenues
Total Enplanements [A]
1
2004
2005
2006
2007
2008
4,905,086
5,036,889
5,112,330
5,610,488
5,610,488
% of PFC Enplaned Passengers [B]
PFC Enplaned Passengers [C = A x B]
PFC Exempt Air Carriers [D]
This information was presented in the Report of the Airport Consultant on a projected
basis to calculate projected PFC Revenues. However, this calculation is not relevant for
the presentation of historical PFC Revenues.
PFC Eligible Enplanements [E = C - D]
PFC Rate [F]
PFC Revenues [G = E x F]
Total Enplanements [A]
2
1
$ 13,879,589
$ 13,655,542
$ 20,252,999
$ 24,097,730
$ 23,822,136
2009
2010
2011
2012
2013
5,058,885
4,939,032
4,945,779
5,198,808
4,878,178
3
% of PFC Enplaned Passengers [B]
PFC Enplaned Passengers [C = A x B]
PFC Exempt Air Carriers [D]
This information was presented in the Report of the Airport Consultant on a projected
basis to calculate projected PFC Revenues. However, this calculation is not relevant for
the presentation of historical PFC Revenues.
PFC Eligible Enplanements [E = C - D]
PFC Rate [F]
PFC Revenues [G = E x F]
2
$ 20,159,368
$ 20,532,775
$ 20,454,358
$ 20,887,024
1
Fiscal Year enplanements from Schedule of Historical Airline Cost Per Enplaned Passenger.
2
PFC revenues are obtained from the Department's audited financial statements. July 2005 was the initial
allowable increase in the PFC rate from $3.00 to $4.50.
3
Starting FY2013 and forward enplanement calculations include non-revenue passengers.
B-47
$ 19,468,916
Schedule of PFC Bond Sufficiency Covenant
Sufficiency Covenant
FYE04
FYE05
FYE06
FYE07
FYE08
$338.9
$377.1
$377.1
$425.0
$425.0
79.6
95.1
88.2
115.5
115.6
0.0
25.4
0.0
0.0
0.0
35.8
0.0
0.0
0.0
46.1
0.0
0.0
0.0
56.3
0.0
0.0
0.0
66.5
0.0
0.0
234.0
246.3
242.9
253.2
242.9
$221.5
0.0
1.4
220.1
$211.1
0.0
1.4
209.8
$200.8
0.0
1.4
199.5
$190.6
0.0
1.4
189.2
$180.4
0.0
1.3
179.1
1.06
1.17
1.22
1.34
1.36
FYE09 4
FYE10
FYE11
FYE12
FYE13
$378.5
$404.1
$404.1
$404.1
$428.4
Less: PFC Pay-As-You-Go Costs paid to date
3
PFC Pay-As-You-Go Contractual Commitments
Debt Service paid to date on the Series 2001 Bonds
Projected Debt Service on any Junior Lien Bonds
Plus: Funds on deposit on any Junior Lien Bonds
122.5
0.0
76.7
0.0
0.0
130.7
0.0
86.9
0.0
0.0
133.9
0.0
96.9
0.0
0.0
149.2
0.0
106.9
0.0
0.0
171.4
0.0
117.0
0.0
0.0
Subtotal (A)
179.3
186.5
173.3
148.0
140.0
$170.2
0.0
10.6
159.6
$160.1
0.0
10.8
149.3
$150.0
0.0
10.8
139.2
$139.9
0.0
10.8
129.1
$129.9
0.0
10.8
119.1
1.12
1.25
1.24
1.15
1.18
PFC Authority 1
Less: PFC Pay-As-You-Go Costs paid to date 2
3
Plus:
PFC Pay-As-You-Go Contractual Commitments
Debt Service paid to date on the Series 2001 Bonds
Projected Debt Service on any Junior Lien Bonds
Funds on deposit on any Junior Lien Bonds
Subtotal (A)
Projected Debt Service Requirements
Less: Cash Balance of PFC Fund
Cash Balance of P & I Account
Debt Service Requirements (B)
Sufficiency Test Covenant (must be at least 1.05) (A/B)
Sufficiency Covenant
PFC Authority
1
2
Projected Debt Service Requirements
Less: Cash Balance of PFC Fund
Cash Balance of P & I Account
Debt Service Requirements (B)
Sufficiency Test Covenant (must be at least 1.05) (A/B)
1
PFC Authority approved by the FAA.
2
Includes PFC Pay-As-You-Go costs related to approved PFC applications.
3
PFC Pay-As-You-Go contractual commitments that have not yet been paid. For purposes of this
analysis, it is assumed that all contractual commitments are paid as incurred.
4
In FY2009 the debt service requirement decreased by $20 million due to the PFC debt service reserve.
B-48
Schedule of Population
Kansas City Metropolitan Area and Air Service Area
Metropolitan Statistical Area (MSA)
Missouri
Bates
Caldwell
Cass
Clay
Clinton
Jackson
LaFayette
Platte
Ray
Square
Miles
1980
Population
1990
Population
2000
Population
2012
Population (1)
848
429
699
396
419
605
629
420
570
15,873
8,660
51,029
136,488
15,916
629,266
29,931
46,341
21,378
15,025
8,380
63,808
153,411
16,595
633,232
31,107
57,867
21,971
16,653
8,969
82,092
184,006
18,979
654,880
32,960
73,781
23,354
16,709
9,145
100,376
227,577
20,508
677,377
33,080
92,054
23,064
574
477
463
599
577
151
22,062
270,269
54,809
8,234
21,618
172,335
21,994
355,054
64,371
8,254
23,466
161,993
24,784
451,086
68,691
9,570
28,351
157,882
25,906
559,913
77,739
9,441
32,616
159,129
7,856
1,504,209
1,636,528
1,836,038
2,064,634
Square
Miles
1980
Population
1990
Population
2000
Population
2012
Population (1)
410
87,888
83,083
85,998
89,706
465
875
67,640
155,528
81,798
164,881
99,962
185,960
112,864
202,570
8,731
1,659,737
1,801,409
2,021,998
2,267,204
Kansas
Franklin
Johnson
Leavenworth
Linn
Miami
Wyandotte
Total MSA
Air Service Area (ASA)
Missouri
Buchanan
Kansas
Douglas
Total ASA
Total Area
Source: www.census.gov
(1) U.S. Census Bureau, 2012 population estimate
B-49
Schedule of Principal Employers(1)
Kansas City Metropolitan Area
2013
Employer1
Federal Government
2
State/County/City Government
3
Public School System
HCA Midwest Health System
Cerner Corp.
Sprint Nextel Corp.
Saint Luke's Health System
Children’s Mercy Hospitals and Clinics
The University of Kansas Hospital
DST Systems, Inc.
Truman Medical Center
General Motors, Fairfax Assembly Plant
Ford Motor Company, KC Assembly Plant
Hallmark Cards, Inc.
Black & Veatch
UPS
University of Missouri-Kansas City
The University of Kansas Medical Center
Total employment Kansas City MSA 4
2004
Rank
Percentage
of Total
Employment
27,500
20,367
9,917
1
2
3
2.75%
2.04%
0.99%
9,367
8,300
7,600
7,080
5,423
5,369
4,402
4,267
4,000
4,000
3,700
3,500
3,500
3,159
3,148
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
Number of
Employees
999,500
Rank
Percentage
of Total
Employment
18,471
24,539
27,839
4
2
1
1.91%
2.54%
2.88%
0.94%
0.83%
0.76%
0.71%
0.54%
0.54%
0.44%
0.43%
0.40%
0.40%
0.37%
0.35%
0.35%
0.32%
0.31%
5,776
3,207
20,623
4,493
3,122
2,910
6,109
2,791
3,100
5,837
5,000
2,400
4,377
2,799
2,252
7
11
3
9
13
15
5
18
14
6
8
20
10
16
24
0.60%
0.33%
2.13%
0.46%
0.32%
0.30%
0.63%
0.29%
0.32%
0.60%
0.52%
0.25%
0.45%
0.29%
0.23%
13.47%
966,900
Number of
Employees
Sources:
1 Top Public-Sector Employers, Kansas City Business Journal, July 30, 2013.
2 The number of local employees for the State/County/City Government is made up of four and eight employers for 2013 and 2004.
3 The number of local employees for the public school systems is composed of three public school systems and districts.
4 Bureau of Labor Statistics, http://data.bls.gov, Rpt: SMU29281400000000001, as of April 2013 and Annual 2004
**The information presented in this table speaks only as of the date indicated in the source. Layoffs or developments
after this date are not presented and can render some information in the table to be inaccurate.
B-50
15.06%
Schedule of Rates and Charges
User Fees
Unit Charged
Landing fee, signatory (1)
Terminal aircraft apron
per 1,000 lbs.
(1)
Terminal building (1)
(1)
Passenger boarding bridge
Customer facility fees
Remaining overnight apron fee
FIS Custom facility use fee
Employee parking fee
Tenant terminal parking fee
Taxicab/limousine fee
Shuttle fee ($30 min/mo)
Fuel flowage fee
User Fees
Landing fee, signatory
(1)
Terminal aircraft apron
Terminal building
$
(1)
Passenger boarding bridge
Customer facility fees
Remaining overnight apron fee
FIS Custom facility use fee
Employee parking fee
Tenant terminal parking fee
Taxicab/limousine fee
Shuttle fee ($30 min/mo)
Fuel flowage fee
1.10
FYE05
$
1.10
FYE06
$
1.35
FYE07
$
1.43
FYE08
$
1.46
per lineal foot
284.11
258.11
202.33
196.72
208.92
per square foot
27.90
24.41
24.39
26.67
26.31
per bridge/month
per enplanement
per contract day
per transaction day
per plane/night
per passenger
per month
per month
per pickup
per trip
per gallon
1,671.45
3.00
3.00
125.00
2.50
24.00
35.00
1.00
0.50
-
1,807.00
3.00
3.00
125.00
2.50
24.00
35.00
1.00
0.50
0.07
2,592.00
4.50
3.00
2.00
125.00
2.50
24.00
35.00
1.00
0.50
0.08
1,407.75
4.50
3.00
2.00
129.00
2.50
24.00
35.00
1.00
0.50
0.08
1,361.08
4.50
3.00
2.00
133.00
2.50
24.00
60.00
1.00
0.50
0.08
Unit Charged
FYE09
FYE10
FYE11
FYE12
FYE13
$
per 1,000 lbs.
(1)
(1)
(1)
FYE04
1.88
$
2.03
$
2.17
$
2.17
$
2.37
per lineal foot
218.57
226.11
231.78
225.94
230.01
per square foot
30.10
31.11
31.86
30.66
32.71
1,619.00
4.50
3.00
2.00
133.33
2.50
24.00
60.00
1.00
0.50
0.08
2,723.00
4.50
3.00
2.10
133.33
2.50
24.00
60.00
1.00
0.50
0.08
4,202.00
4.50
3.00
2.36
145.00
2.50
40.00
60.00
3.00
1.50
0.08
2,857.33
4.50
3.00
2.36
150.00
2.50
40.00
60.00
3.00
1.50
0.08
2,666.42
4.50
3.00
2.36
159.00
2.50
40.00
60.00
3.00
1.50
0.08
per bridge/month
per enplanement
per contract day
per transaction day
per plane/night
per passenger
per month
per month
per pickup
per trip
per gallon
Rates for FYE12 and FYE13 are projected settlement rates.
B-51
Schedule of Parking Rates
Parking Fees
Terminal parking (Lots A, B, C)
Circle parking (Lot E)
Economy parking lot
Parking Fees
Terminal parking (Lots A, B, C)
Circle parking (Lot E)
Economy parking lot
Time Period
FYE04
0 - 1/2 hour
1/2 - 1 hour
1 - 2 hours
2 - 3 hours
3 - 4 hours
4 - 5 hours
5 - 6 hours
6 - 7 hours
7 - 8 hours
8 - 9 hours
daily maximum
$
0 - 1/2 hour
1/2 - 1 hour
1 - 2 hours
2 - 3 hours
3 - 4 hours
4 - 5 hours
daily maximum
$
0 - 1/2 hour
daily maximum
$
Time Period
Free
1.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
16.00
18.00
Free
1.00
2.00
4.00
6.00
8.00
10.00
Free
5.00
FYE09
0 - 1/2 hour
1/2 - 1 hour
1 - 2 hours
2 - 3 hours
3 - 4 hours
4 - 5 hours
5 - 6 hours
6 - 7 hours
7 - 8 hours
8 - 9 hours
daily maximum
$
0 - 1/2 hour
1/2 - 1 hour
1 - 2 hours
2 - 3 hours
3 - 4 hours
4 - 5 hours
daily maximum
$
0 - 1/2 hour
daily maximum
$
B-52
FYE05
$
$
$
Free
1.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
16.00
18.00
Free
1.00
2.00
4.00
6.00
8.00
10.00
Free
5.00
FYE06
$
$
$
Free
1.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
16.00
18.00
Free
1.00
2.00
4.00
6.00
8.00
10.00
Free
5.00
FYE07
$
$
$
Free
2.00
4.00
6.00
8.00
10.00
12.00
14.00
16.00
18.00
18.00
Free
2.00
4.00
6.00
8.00
10.00
12.00
Free
5.50
FYE08
$
$
$
Free
2.00
4.00
6.00
8.00
10.00
12.00
14.00
16.00
18.00
18.00
Free
2.00
4.00
6.00
8.00
10.00
12.00
Free
5.50
FYE10
FYE11
FYE12
FYE13
Free
2.00
4.00
6.00
8.00
10.00
12.00
14.00
16.00
18.00
18.00
$
1.00
3.00
6.00
8.00
10.00
12.00
15.00
18.00
20.00
20.00
20.00
$
1.00
3.00
6.00
8.00
10.00
12.00
15.00
18.00
20.00
20.00
20.00
$
1.00
3.00
6.00
9.00
12.00
15.00
18.00
22.00
22.00
22.00
22.00
$
1.00
3.00
6.00
9.00
12.00
15.00
18.00
22.00
22.00
22.00
22.00
Free
2.00
4.00
6.00
8.00
10.00
12.00
$
1.00
3.00
6.00
9.00
12.00
13.00
13.00
$
1.00
3.00
6.00
9.00
12.00
13.00
13.00
$
1.00
3.00
6.00
9.00
12.00
15.00
15.00
$
1.00
3.00
6.00
9.00
12.00
15.00
15.00
Free
5.50
$
Free
6.00
$
Free
6.00
$
Free
6.00
$
Free
7.00
Schedule of Facility Information
Kansas City International Airport
Runways
1L/19R
1R/19L
9/27
MCI
10,680 acres
1,026 feet
Airport code
Size
Elevation
10,801' x 150'
9,500' x 150'
9,500' x 150'
Terminal A Terminal B Terminal C
25
19
22
14
16
18
6
15
6
3
6
2
3
4
2
KCI Terminal Information
Boarding gates
Passenger boarding bridges
Food and beverage areas
News/gift areas
Business traveler service areas
Totals
66
48
27
11
9
KCI Parking Information (number of parking spaces)
Terminal A Terminal B Terminal C Circle Lot E
2,026
2,006
2,258
1,850
Employee Parking Lot
Economy
Lot A
3,734
Economy
Lot B
5,917
Economy
Lot C
5,612
1,500
Charles B. Wheeler Downtown Airport
Runways
1/19
3/21
Downtown Operations (number of flights)
Calendar
Domestic
Commuter
General
Year
Air Carrier
Air Taxi
Aviation
2003
34
19,213
97,434
2004
42
19,922
86,630
2005
16
15,028
85,871
2006
26
14,124
68,900
2007
101
16,910
79,759
2008
133
16,218
67,088
2009
168
17,684
64,325
2010
96
18,546
62,793
2011
172
17,897
58,242
2012
252
15,115
58,348
Richards-Gebaur Intermodal Transportation Facility
Size
MKC
697 acres
759 feet
Airport code
Size
Elevation
6,827' x 150'
5,050' x 100'
53.48 acres
B-53
Military
830
1,056
564
678
1,154
1,239
1,658
1,458
1,424
1,329
Total
117,511
107,650
101,479
83,728
97,924
84,678
83,835
82,893
77,735
75,044
Park Air Total Public
Express
Spaces
2,068
25,471
FYE04
B-54
Division
Administration
Accounting and Finance
Information technology
Engineering
Human resources
Marketing
Economic development
Parking operations
CBW Downtown Airport
Operations
Airport police
Field maintenance
Fleet maintenance
Facilities custodial
Facilities structural
Bus operations
Parking and bus
Environmental management
Safety
Art & Aesthetics
Youth program
Maintenance projects
$
967,240
1,163,849
641,965
801,268
270,407
493,259
786,530
608,136
726,888
4,541,523
2,475,102
755,607
3,003,633
1,482,091
2,403,273
-
$ 21,120,771
FYE05
$
794,016
1,495,603
454,327
994,181
255,668
517,218
728,537
684,930
764,571
4,512,540
2,590,070
755,446
3,235,297
1,465,550
2,826,189
94,504
-
$ 22,168,647
Salaries, Wages and Employee Benefits
FYE07
FYE08
FYE09
FYE06
$
952,418
1,269,353
597,325
906,155
154,819
546,031
699,568
757,625
923,217
5,037,296
2,839,374
865,127
3,315,372
1,628,172
3,051,577
314,885
149,070
-
$ 24,007,384
$
999,609
1,325,829
544,910
843,760
212,142
609,661
655,193
733,694
887,990
5,148,503
3,323,323
957,625
3,196,643
1,754,338
3,328,585
293,131
205,744
1,358
$ 25,022,038
$
1,033,755
1,300,162
706,043
977,928
190,624
607,333
796,733
826,618
1,035,752
5,588,259
3,673,682
1,027,575
3,722,864
1,938,849
3,525,562
310,210
193,643
(38)
$ 27,455,554
(Continued)
$
1,303,841
1,434,329
612,271
1,167,812
165,954
681,453
722,836
197,630
880,304
1,148,787
5,963,100
4,021,930
1,169,680
4,344,478
2,086,210
3,798,685
326,681
165,972
6,000
918
$ 30,198,871
FYE10
$
1,162,906
1,336,507
685,791
1,079,833
176,836
650,229
692,402
200,632
1,054,423
1,273,759
6,530,168
4,349,150
1,279,117
4,247,452
2,010,165
3,967,497
345,430
157,430
(3)
$ 31,199,724
FYE11
$
894,050
1,281,860
622,273
1,055,511
151,717
519,609
771,981
170,498
929,672
1,267,595
6,148,122
3,923,717
1,251,838
3,894,465
1,838,936
4,089,278
336,368
117,739
-
$ 29,265,231
FYE12
$
1,031,918
1,329,867
730,170
1,227,472
127,791
537,149
812,895
69,890
942,624
1,310,266
6,434,830
3,941,796
1,165,757
3,630,417
1,787,613
4,013,210
331,566
118,415
-
$ 29,543,646
FYE13
$
775,483
1,308,851
833,842
1,054,289
254,593
446,394
838,132
89,703
1,183,360
1,286,483
5,937,764
3,977,039
1,322,850
3,840,677
2,010,423
3,759,947
346,422
99,911
-
$ 29,366,163
FYE04
B-55
Division
Administration
Accounting and finance
Engineering
Human resources
Marketing
Parking operations
11500 parking
Richards-Gebaur
Ambassador building
Operations
Airport police
Field maintenance
Fleet maintenance
Bus operations
Parking and bus
Safety
Art & Aesthetics
Youth program
$
1,016,445
417,182
1,915,058
469,917
250,164
744,926
1,680,421
731,003
253,031
2,562,922
1,975,026
541,790
270,264
820,862
5,340,259
3,495,477
106,072
2,883,223
$ 25,474,042
FYE05
$
200,862
964,740
2,387,423
241,313
226,312
919,874
1,878,810
678,772
193,141
2,610,554
1,872,778
494,655
381,247
893,258
6,087,855
4,016,427
462,035
5,156
1,165,112
$ 25,680,324
FYE06
$
638,037
544,386
1,046,069
250,614
184,831
1,092,109
4,550,436
710,650
89,663
2,592,112
1,951,223
479,974
663,510
809,399
9,989,406
5,339,132
418,686
22,497
4,781
1,693,545
$ 33,071,060
FYE07
$
Contractual Services
FYE08
FYE09
1,451,787
476,418
891,264
366,439
177,244
1,076,772
7,100,311
685,702
353,751
2,678,137
2,073,535
491,223
576,137
811,930
15,012,588
5,187,726
547,200
118,452
2,370,658
$ 42,447,274
$
650,486
472,340
857,235
448,112
155,301
1,276,669
7,663,731
1,974,675
810,769
9,594
567,975
3,366,964
1,940,110
564,386
734,319
824,939
15,459,055
3,913,584
827,507
128,796
49,324
3,524,774
$ 46,220,645
(Continued)
$
277,153
484,552
1,060,018
421,182
139,756
993,400
7,474,735
5,056,689
819,190
12,692
716,396
261,239
5,410,019
605,950
701,139
861,785
16,276,529
775,493
648,074
115,797
23,187
1,554,183
$ 44,689,158
FYE10
$
224,820
452,735
1,808,517
306,884
96,725
1,051,223
5,786,771
5,402,192
1,061,839
929,340
2,323
965,882
319,034
5,196,696
552,446
705,093
898,476
16,220,361
847,714
565,205
127,349
1,206,809
$ 44,728,434
FYE11
$
761,042
575,817
1,310,230
293,527
108,703
951,184
5,444,885
5,415,640
1,279,262
1,228,762
5,079
923,949
291,935
5,900,288
612,031
644,065
919,028
15,147,773
872,247
406,262
118,127
1,802,802
$ 45,012,639
FYE12
$
(365,020)
578,659
1,221,389
285,527
98,326
974,321
5,626,933
6,083,279
1,935,938
1,810,852
3,527
974,650
3,712,446
2,285,288
511,087
733,195
836,372
14,293,908
824,868
366,318
115,420
971,170
$ 43,878,454
FYE13
$
824,159
419,395
1,388,835
188,477
82,034
985,861
5,236,559
5,943,628
2,052,109
1,152,547
1,923
1,035,244
3,568,449
2,381,827
539,168
606,033
763,319
13,959,985
766,486
289,481
102,348
529,115
$ 42,816,982
FYE04
B-56
Division
Administration
Engineering
Human resources
Marketing
Parking operations
11500 parking
Ambassador building
Operations
Airport police
Field maintenance
Fleet maintenance
Bus operations
Parking and bus
Safety
Youth program
FYE05
FYE06
FYE07
Commodities
FYE08
FYE09
FYE10
FYE11
FYE12
$
22,682
16,820
75,732
18,336
8,251
10,755
106,927
116,643
16,615
97,021
957,170
567,356
432,885
158,239
11,459
-
$
28,562
11,375
129,909
11,706
2,405
11,538
24,923
169,746
33,360
50,633
1,034,746
681,273
288,271
120,792
13,921
8,839
-
$
18,496
71,895
212,921
12,723
4,719
12,579
149,831
185,612
30,287
100,732
917,819
791,071
363,383
87,368
9,458
5,849
2,455
-
$
34,084
51,607
177,723
18,529
6,400
7,390
158,386
165,956
13,541
74,770
1,501,777
909,259
427,572
440,599
15,763
4,549
5,059
35
$
42,305
41,410
201,128
14,612
5,436
12,560
606,511
21,712
174,968
19,078
45,644
383,597
1,391,052
477,219
483,844
321,378
13,366
2,824
2,264
-
$
26,485
38,560
205,583
12,975
6,755
14,248
218,200
115,762
174,410
5,344
20,888
336,632
1,233,966
616,897
401,333
348,324
12,110
3,079
2,743
-
$
24,218
22,333
148,701
13,361
4,028
14,897
134,454
90,584
140,360
295,478
54,799
28,503
215,783
922,452
1,020,938
440,698
335,915
11,071
1,928
4,525
-
$
27,704
27,673
187,671
9,077
3,482
11,290
179,407
115,074
130,865
656,987
45,820
25,542
289,830
1,003,343
1,038,475
391,523
282,063
13,429
3,704
2,468
-
$
33,047
252,605
150,894
14,406
5,298
12,036
156,056
195,753
82,547
654,322
34,735
37,902
303,984
768,664
892,485
385,570
277,224
18,811
2,650
1,488
-
$
2,616,891
$
2,621,999
$
2,977,198
$
4,012,999
$
4,260,908
$
3,794,294
$
3,925,026
$
4,445,428
$
4,280,475
(Continued)
FYE13
$
24,845
28,967
269,153
9,951
5,594
14,245
153,901
131,786
171,309
796,132
20,138
43,506
293,081
897,670
988,016
383,171
342,074
15,627
953
2,286
-
$ 4,592,404
FYE04
B-57
Division
Administration
Engineering
Human resources
Marketing
Parking operations
11500 parking
Richards-Gebaur
Ambassador building
Operations
Airport police
Field maintenance
Fleet maintenance
Bus operations
Parking and bus
Safety
Art & Aesthetics
Youth program
$
2,006,367
1,597,851
2,632,755
1,289,521
528,822
1,248,940
2,573,878
1,455,782
253,031
3,306,425
6,613,570
3,974,062
1,593,227
4,257,380
6,980,589
5,910,209
106,072
2,883,223
$ 49,211,704
FYE05
$
1,023,440
2,471,718
2,971,659
1,247,200
484,385
1,448,630
2,632,270
1,533,448
193,141
3,408,485
6,435,951
4,119,471
1,817,966
4,416,826
7,674,197
6,856,537
565,378
5,156
1,165,112
$ 50,470,970
Total Operating Expenditures
FYE07
FYE08
FYE09
FYE06
$
1,608,951
1,885,634
1,856,315
1,169,492
344,369
1,650,719
5,399,835
1,653,887
89,663
3,545,616
7,089,251
4,237,167
2,319,708
4,488,154
11,704,946
8,400,167
739,420
174,022
4,781
1,693,545
$ 60,055,642
$
2,485,480
1,853,854
1,613,897
1,228,728
395,786
1,693,823
7,913,890
1,585,352
353,751
3,579,668
7,296,808
5,316,323
2,443,021
4,436,145
17,207,525
8,532,074
844,880
329,255
2,372,051
$ 71,482,311
$
1,726,546
1,813,912
1,764,406
1,440,652
351,361
1,896,562
9,066,975
1,996,387
1,812,355
9,594
587,053
4,448,360
7,911,966
5,629,120
2,239,113
5,031,647
17,719,282
7,452,512
1,140,541
324,703
49,324
3,524,736
$ 77,937,107
$
1,607,479
1,957,441
1,877,872
1,601,969
312,465
1,689,101
8,415,771
5,370,081
1,873,904
12,692
721,740
1,430,914
11,709,751
5,861,846
2,487,716
5,607,596
18,711,063
4,586,288
977,834
284,512
29,187
1,555,101
$ 78,682,323
FYE10
$
1,411,944
1,811,575
2,643,009
1,400,079
277,589
1,716,349
6,613,626
5,693,408
1,202,199
2,279,241
2,323
1,020,681
1,621,296
11,942,646
5,824,047
3,005,147
5,586,626
18,566,440
4,826,282
912,564
289,304
1,206,809
$ 79,853,184
FYE11
$
1,682,797
1,885,350
2,120,175
1,358,115
263,902
1,482,083
6,396,273
5,701,212
1,410,127
2,815,421
5,079
969,768
1,585,072
12,338,240
5,539,090
2,934,377
5,205,017
17,268,772
4,974,955
746,333
238,335
1,802,802
$ 78,723,298
FYE12
$
FYE13
699,944
2,161,131
2,102,453
1,527,404
231,414
1,523,506
6,595,883
6,348,923
2,018,485
3,407,797
3,527
1,009,385
5,060,615
9,024,103
5,221,548
2,791,437
4,852,359
16,358,745
4,856,890
700,534
235,323
971,170
$ 1,624,487
1,757,214
2,491,830
1,252,717
342,221
1,446,500
6,228,591
6,165,117
2,223,417
3,132,040
1,923
1,055,383
4,898,438
8,612,672
5,413,877
2,916,898
4,987,167
16,312,481
4,542,060
636,855
204,545
529,115
$ 77,702,576
$76,775,549
Schedule of Full-Time and Equivalent Employees by Division
Division
Administration
Engineering
Human resources
Marketing
Parking operations
Operations
Airport police
Field maintenance
Fleet maintenance
Bus operations
Parking and bus
Safety
FYE04
FYE05
FYE06
FYE07
FYE08
FYE09
FYE10
FYE11
FYE12
FYE13
10
27
11
20
5
8
14
13
11
129
74
16
92
36
66
-
11
27
2
19
3
8
11
15
12
144
72
16
94
34
67
2
3
8
27
16
4
8
10
17
16
128
74
16
94
34
104
3
3
9
26
14
4
8
10
16
17
126
71
17
94
35
101
3
3
9
26
14
4
8
10
17
16
126
71
17
94
34
102
3
3
8
23
12
3
7
8
1
18
16
124
71
16
94
32
83
3
2
7
20
12
3
6
8
2
15
16
106
60
16
79
27
77
3
2
6
19
12
2
6
9
1
13
14
108
59
17
74
26
78
3
1
6
20
6
12
2
6
9
1
15
16
103
58
17
70
28
71
3
1
4
19
9
11
5
5
9
1
16
17
89
56
17
67
27
58
3
1
532
540
562
554
554
521
459
448
444
414
B-58
Schedule of Assets Capitalized
Land
Tract 191 - 87.9 Acres
Total land
$
Buildings and Building Improvements
250 Richards Road Roof Upgrade
Depart Lounge Drink Fountain
FedEx Boeing 727-200F donation
Field Maintenance 154 Tokyo Addition
KCI-Inline Baggage Screening
KCI-Storage Bldg Improvements
Overhaul Base Lighting Upgrade
Tenant Impr-Animal Health Trng Solutions
Tenant Impr-SWA Restroom Expans
Tenant Impr-Travel & Transp
Tenant Impr-WireCo (3rd fl expansion)
Total buildings and building improvements
370,126
82,464
400,000
1,570,261
13,790
30,705
1,228,295
77,341
66,199
68,830
410,104
4,318,115
Infrastructure
Airfield Pavement Repairs
Airfield Pavement Repairs P-3
Chill Water System Rehabilitation
Commerce Center Development
Digital Airport Signage
Emergency Sinkhole Repairs # 2
K9 Kennel Site Prep
Overhaul Base Entry Road Rehabilitation
Reconstruction of Runway 19R, Phase 1
Rehab Lou Holland, Richards Rd.
Rehab Amsterdam Circle Term A
Rehab Terminal Bldg Parking
Rehab Economy Lot Bridges
Rehabilitate Airfield Lights
Rehabilitate Airport Roadways
Rehabilitate Ottawa Avenue
Rehab RipRap Channel @ RAC
Repair Terminal Trench Drain
Runway 1/19 Safety Area Phase 2
Runway 1/19 Safety Area Const.
Sinkhole Repairs
Taxiway E-1 Repairs
Taxiway Pavement Rehabilitation
Tenant Impr-Park Air
Total infrastructure
263,536
5,105
507,253
152,959
1,047,591
520,728
11,237
2,613
1,806,515
44,196
950,000
1,389,173
313,660
250,125
381,312
1,439,764
701,937
34,403
125,716
2,932
57,666
33,999
896,857
197,846
11,137,123
Machinery and Equipment
1445 Series II Commercial Mower
2012 Chevrolet Malibu
2012 Chevrolet Malibu
2013 Chevrolet Van 2500 series
2013 Ford F-450 SD
2013 Ford Explorer
2013 Ford Explorer
2013 Ford Explorer
2013 Ford Explorer
2013 Ford F-150 Pickup Super C
2013 Ford F-150 Pickup Super C
2013 Eldorado EZ Rider II Max
2013 Oshkosh ARFF Vehicle
2013 Oshkosh ARFF Vehicle
91 Henke 43R14-j-14' Reversible
91 Henke 43R14-j-14' Reversible
97 Elgin Eagle Street Sweeper
CNG Compressor at Fuel Station
DC4 Thermal Transfer Printer/C
Duel Person Lift Platform
Infoblox Network
Single Person Lift Platform
Total machinery and equipment
Total assets capitalized
292,971
25,997
24,331
7,025
350,324
31,758
16,817
16,817
19,629
56,876
34,405
23,890
26,897
26,897
25,040
25,040
348,520
348,520
348,520
348,520
348,520
348,520
770,672
650,672
14,851
14,851
328,230
92,963
20,438
17,887
7,068
9,726
4,322,544
$
B-59
20,128,106
Schedule of Construction in Progress
Projects
Project Description
62000000 Aviation Dept. Capital Budget
62040259 KCI-Inline Baggage Screening
62040281 Rehabilitate Airfield Lights
62050294 KCI-Overhaul Base Plant Rehab
62060307 Rehabilitate Airport Roadways
62070318 Field Maint 154 Tokyo Addition
62070319 Commerce Center Development
62080327 Chill Water System Rehab
62080330 Airfield Pavement Repairs
62080331 Relief Well System Rehab.
62090340 Runway 1/19 Safety Area Const.
62090345 Rehab Amsterdam Circle Term A
62100350 Terminal CCTV Camera Install
62100352 Runway 1/19 Safety Area Ph. 2
62100358 Overhaul Base Entry Rd Rehab
62100359 Rehab terminal Bldg Parking
62100360 Rehab Lou Holland/Richards Rd
62110362 New Terminal Advance Planning
62110365 Taxiway Pavement Rehab
62110368 Aviation Facility Development
62110378 Airfield Pavement Repairs P-3
62110379 Rehabilitate Ottawa Avenue
62110380 RAC Facility Improvements
62110381 West Side Electr Rehab (MKC)
62110383 Rehab Economy Lot Bridges
62110388 Reconstruction RW 19R Phase 1
62120390 Digital Airport Signage
62120394 Depart Lounge Drink Fountain
62120395 Overhaul Base Lighting Upgrade
62120396 Sinkhole Repairs
62120399 Airport Switch Gear Survey JOC
62120400 Disaster Recovery System Ph. I
62120402 ARFF Vehicle Storage
62120403 Rehab RipRap Channel @ RAC
62120405 Rehabilitate Taxiways Phase 2
62120406 Airfield Pavement Rehab
62120407 OHB Steam & Condensate Repair
62120408 Emergency Sinkhole Repairs # 2
62120409 Repair Terminal Trench Drain
62120410 Phone System Upgrade
62120411 250 Richards Road Roof Upgrade
62120412 K9 Kennel Site Prep
62130413 Taxiway E-1 Repairs
62130414 Relocate ASOS and SAWS @ CBW
62130415 Misc. Concrete for Terminal St
62130417 Southwest Holdroom Connector
62130419 Parking Revenue Control System
62990D49 KCI-Storage Bldg Improvements
62TENIMP Tenant Improvements
62TENIMP Tenant Impr-Park Air
62TENIMP Tenant Impr-Animal Health Trng Solutions
62TENIMP Tenant Impr-SWA Restroom Expans
62TENIMP Tenant Impr-Travel & Transp
62TENIMP Tenant Impr-WireCo (3rd fl expansion)
Grand total
FYE12
Additions
$ 3,666,621
571,623
317,491
3,380,706
347,192
231,557
89,241
140,029
7,781
544,259
-
$(2,151,397)
13,790
250,125
306,781
381,312
1,570,261
152,959
507,253
263,536
29,505
2,932
950,000
3,435,481
125,716
2,613
1,389,173
44,196
3,068,611
896,857
5,105
1,439,764
1,042,419
179,560
173,631
1,806,515
1,047,591
82,464
1,220,514
57,666
98,137
754,001
164,930
701,937
1,019,341
521,950
88,248
520,728
34,403
405,711
370,126
11,237
33,999
1,793
49,199
357,046
607,680
30,705
197,846
77,341
66,199
68,830
410,104
$
(13,790)
(250,125)
(381,312)
(1,570,261)
(152,959)
(507,253)
(263,536)
(2,932)
(950,000)
(125,716)
(2,613)
(1,389,173)
(44,196)
(896,857)
(5,105)
(1,439,764)
(313,660)
(1,806,515)
(1,047,591)
(82,464)
(1,228,295)
(57,666)
(701,937)
(520,728)
(34,403)
(370,126)
(11,237)
(33,999)
(30,705)
(197,846)
(77,341)
(66,199)
(68,830)
(410,104)
$
-
$ 1,515,224
878,404
346,996
6,816,187
3,415,803
1,273,976
268,801
(1)
98,137
1,298,260
164,930
1,019,341
521,950
88,248
405,711
1,793
49,199
357,046
607,680
-
$ 9,296,499
$24,886,424
$(15,055,238)
$
-
$19,127,685
B-60
Capitalized
Expensed
FYE13
Aircraft Rescue and Fire Fighting (ARFF) equipment responds during an emergency exercise.
COMPLIANCE SECTION
THIS SECTION CONTAINS THE FOLLOWING SCHEDULES:
INDEPENDENT AUDITOR’S REPORT
OPINION LETTER FROM INDEPENDENT AUDITOR REGARDING THE PASSENGER FACILITY CHARGE
(PFC) PROGRAM REPORT CONTAINED IN THIS COMPREHENSIVE ANNUAL FINANCIAL REPORT
SCHEDULE OF PFC FUNDS COLLECTED AND EXPENDED
SCHEDULE SHOWING PASSENGER FACILITY CHARGE (PFC) FUNDS COLLECTED AND EXPENDED
FOR THE CURRENT FISCAL YEAR
NOTES TO SCHEDULE OF PFC FUNDS COLLECTED AND EXPENDED
NARRATIVE EXPLANATION REGARDING ITEMS IN THE PASSENGER FACILITY CHARGE (PFC) REPORT
Independent Auditor’s Report on Compliance with Requirements That
Could Have a Direct and Material Effect on the Passenger Facility
Charge Program and on Internal Control Over Compliance in Accordance with the
Passenger Facility Charge Audit Guide for Public Agencies and on the
Schedule of PFC Funds Collected and Expended
City of Kansas City, Missouri
Report on Compliance for Passenger Facility Charge Program
We have audited the compliance of the Kansas City International Airport (the Airport), a proprietary fund
of the City of Kansas City, Missouri (the City), with the types of compliance requirements described in
the Passenger Facility Charge Audit Guide for Public Agencies (the Guide), issued by the Federal
Aviation Administration, that could have a direct and material effect on its passenger facility charge
program for the year ended April 30, 2013.
Management’s Responsibility
Compliance with the requirements of laws and regulations applicable to the passenger facility charge
program is the responsibility of the Airport’s management.
Auditor’s Responsibility
Our responsibility is to express an opinion on compliance of the Airport’s passenger facility charge
program based on our audit of the types of compliance requirements referred to above.
We conducted our audit of compliance in accordance with auditing standards generally accepted in the
United States of America; the standards applicable to financial audits contained in Government Auditing
Standards, issued by the Comptroller General of the United States; and the Guide. Those standards and
the Guide require that we plan and perform the audit to obtain reasonable assurance about whether
noncompliance with the types of compliance requirements referred to above that could have a direct and
material effect on the passenger facility charge program occurred. An audit includes examining, on a test
basis, evidence about the Airport’s compliance with those requirements and performing such other
procedures as we considered necessary in the circumstances.
We believe that our audit provides a reasonable basis for our opinion on compliance. Our audit does not
provide a legal determination on the Airport’s compliance with those requirements.
Opinion on Passenger Facility Charge Program
In our opinion, the Airport complied, in all material respects, with the compliance requirements referred
to above that could have a direct and material effect on its passenger facility charge program for the year
ended April 30, 2013.
C-1
Page 2
Report on Internal Control Over Compliance
The management of the Airport is responsible for establishing and maintaining effective internal control
over compliance with the types of requirements referred to above. In planning and performing our audit
of compliance, we considered the Airport’s internal control over compliance with the requirements that
could have a direct and material effect on the passenger facility charge program to determine the auditing
procedures that are appropriate in the circumstances for the purpose of expressing our opinion on
compliance for the passenger facility charge program and to test and report on internal control over
compliance in accordance with the Guide, but not for the purpose of expressing an opinion on the
effectiveness of internal control over compliance. Accordingly, we do not express an opinion on the
effectiveness of the Airport’s internal control over compliance.
A deficiency in internal control over compliance exists when the design or operation of a control over
compliance does not allow management or employees, in the normal course of performing their assigned
functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of the
passenger facility charge program on a timely basis. A material weakness in internal control over
compliance is a deficiency, or combination of deficiencies, in internal control over compliance such that
there is a reasonable possibility that material noncompliance with a type of compliance requirement of the
passenger facility charge program will not be prevented, or detected and corrected, on a timely basis. A
significant deficiency in internal control over compliance is a deficiency, or combination of deficiencies,
in internal control over compliance with a type of compliance requirement of the passenger facility charge
program that is less severe than a material weakness in internal control over compliance, yet important
enough to merit attention by those charged with governance.
Our consideration of internal control over compliance was for the limited purpose described in the first
paragraph of this section and was not designed to identify all deficiencies in internal control over
compliance that might be material weaknesses. We did not identify any deficiencies in internal control
over compliance that we consider to be material weaknesses. However, material weaknesses may exist
that have not been identified.
The purpose of this report on internal control over compliance is solely to describe the scope of our
testing of internal control over compliance and the results of that testing based on the requirements of the
Guide. Accordingly, this report is not suitable for any other purpose.
C-2
Page 3
We have audited the financial statements of the City of Kansas City, Missouri Airports Fund as of and for
the year ended April 30, 2013, and have issued our report thereon dated October 31, 2013, which
contained an unmodified opinion on those financial statements. Our audit was performed for the purpose
of forming an opinion on the financial statements as a whole. The accompanying schedule of PFC funds
collected and expended is presented for purposes of additional analysis and is not a required part of the
financial statements. Such information is the responsibility of management and was derived from and
relates directly to the underlying accounting and other records used to prepare the financial statements.
The information has been subjected to the auditing procedures applied in the audit of the financial
statements and certain additional procedures, including comparing and reconciling such information
directly to the underlying accounting and other records used to prepare the financial statements or to the
financial statements themselves, and other additional procedures in accordance with auditing standards
generally accepted in the United States of America. In our opinion, the information is fairly stated in all
material respects in relation to the financial statements as a whole.
As described in Note 2 to the schedule of PFC funds collected and expended, the accompanying schedule
is prepared on the basis of cash receipts and disbursements, which is a comprehensive basis of accounting
other than accounting principles generally accepted in the United States of America.
Kansas City, Missouri
October 31, 2013
C-3
PFC Project
Project 1.1
Project 1.2
Project 1.3
Project 1.4
Project 1.5
Project 1.6
Project 1.7
Project 1.8
Project 1.9
Project 1.10
Project 1.11
Project 1.12
Project 1.13
Project 2.1
Project 2.2
Project 2.3
Project 2.4
Project 2.5
Project 3.1
Project 3.2
Project 3.3
Project 3.4
Project 4.1
Project 5.1
Project 5.2
Project 5.3
Project 5.4
Project 5.5
Project 5.6
Project 5.7
Project 5.8
Project 5.9
Project 5.10
Project 5.11
Project 5.12
Project 5.15
Project 6.01
Project 6.02
Project 6.03
Project 6.04
Project 6.05
Project 6.07
Project 6.08
Project 6.09
Project 8.01
Project 8.02
Project 8.03
Project 8.04
Project 8.05
Project 8.06
Project 8.07
Description
Paving of Runway 1R/19L and Taxiway
Terminal Improvements- Design Phase
Taxiway D Rehabilitation
Aircraft Rescue and Firefighting Vehicles
Overlay Runway 1L/19R, Taxiway A, A1-A9
Terminal Apron Rehabilitation, Phase II - VII
Land Acquisition
Terminal Apron Lights
Overlay Runway 9/27 and Taxiway C
Expanded General Aviation Apron
Construct Federal Inspection Services Facility
Taxiway B Rehabilitation
Terminal Improvements - Construction Phase
Airfield Storm Drainage - MKC
Construction Hold Apron West -Term. B
Automated Access Control System-New
Reconstruct Taxiway D {Between C-6 & F}
PFC Development and Administration
Terminal Equipment
Airfield Lighting Generator
Relocate Airfield Generator-MKC
Overlay Runway 1/19-MKC
Reconstruct Runway 1/19-MKC
Two New ARFF Vehicles
Taxiway B & D Extension
Taxiway M & L Rehabilitation
Airport Master Plan & Part 150 Update
New ARFF Facility Construction
Inline Baggage Screening
Taxiway D Rehabilitation
Airfield Lighting Rehabilitation
Perimeter Fencing Replacement - MKC
Terminal Improvements - Holdrooms
Upgrade Glycol Collection System
Airfield Snow Removal Equipment Building
Fuel Farm Relocation - MKC
Airfield Sand and Deicing Facility
Terminal chilled water line and cooling tower
Snow removal equipment/ARFF vehicle facility
Airfield pavement rehabilitation
New snow removal equipment
Runway 1/19 Safety Area Extensions - MKC
Cargo apron rehabilitation
Airfield Snow Removal Equipment Building
Airfield Pavement Rehabilitation Phase II
New Terminal Advance Planning
MKC Taxiway Rehabilitations
Reconstruct Airfield Service Roads
Aircraft Rescue and Firefighting Vehicles
Terminal Access Roads Rehabilitation and Improvements
New snow Removal Equipment
Approved For
Collection and use
Collection and use
Collection and use
Collection and use
Collection and use
Collection and use
Collection and use
Collection and use
Collection and use
Collection and use
Collection and use
Collection and use
Collection and use
Collection and use
Collection and use
Collection and use
Collection and use
Collection and use
Collection and use
Collection and use
Collection and use
Collection and use
Collection and use
Collection and use
Collection and use
Collection and use
Collection and use
Collection and use
Collection and use
Collection and use
Collection and use
Collection and use
Collection and use
Collection and use
Collection only
Collection only
Collection only
Collection and use
Collection and use
Collection and use
Collection and use
Collection and use
Collection and use
Collection only
Collection and use
Collection and use
Collection and use
Collection and use
Collection and use
Collection and use
Collection and use
Total Authority
PFC Revenue Collected
Interest Earned
Total - PFC Revenue
See Notes to Schedule of PFC Funds Collected and Expended
Project
Authorized
Amount
$
8,409,781
16,197,329
426,763
264,944
9,081,326
14,556,288
10,766,850
630,529
4,549,975
4,099,525
5,753,074
205,852,308
3,944,000
2,322,855
474,389
61,602,166
512,599
576,509
2,809,515
345,831
2,006,646
3,282,304
1,229,570
1,918,433
5,196,645
1,766,481
3,312,875
349,525
5,869,950
2,983,188
3,966,944
5,732,444
3,363,220
4,107,711
770,500
1,369,456
367,451
7,739,051
3,833,334
1,125,000
1,250,000
1,800,000
350,538
7,200,000
4,291,940
$ 428,359,762
PFC
Funds
Expended
$
8,409,781
8,770,356
426,763
264,944
9,081,326
14,556,288
10,766,850
630,529
4,549,975
4,099,525
5,753,074
103,387,968
3,944,000
2,322,855
474,389
39,051,005
512,599
576,509
2,809,515
345,831
2,006,646
3,282,304
1,229,570
1,918,433
5,195,644
1,766,481
3,312,875
349,525
5,869,950
2,983,188
3,966,944
5,654,976
3,363,220
4,107,711
770,500
1,123,115
367,451
7,739,051
3,490,316
629,040
774,755
1,439,764
350,538
5,991,956
$ 288,418,035
Cumulative
$ 305,770,239
19,638,808
$ 325,409,047
C-4
Notes to Schedule of PFC Funds Collected and Expended
Note 1:
General
The Aviation Safety and Capacity Expansion Act of 1990 (Public Law 101-508, Title II,
Subtitle B) authorized the local imposition of passenger facility charges (PFCs) and use of PFC
revenues on Federal Aviation Administration (FAA) approved projects. On August 8, 2006, the
FAA approved a $4.50 PFC collection at Kansas City International Airport (MCI). The total
approved amount of net PFC revenue plus interest that MCI is allowed to collect is $428,359,762
by July 1, 2014.
Note 2:
Schedule of Passenger Facility Charge Revenues and Expenditures
The accompanying schedule of Passenger Facility Charge Revenues and Expenditures presents the
revenues received from PFC and expenditures incurred on approved projects on the cash basis of
accounting, wherein revenues are recorded when received and expenses are recorded when paid.
Revenue received and expenditures made on approved projects in the accompanying schedule
agree to the PFC quarterly status reports submitted by MCI to the FAA.
Note 3:
PFC Bonds
On August 1, 2001, the City of Kansas City, Missouri Aviation Fund issued $140,000,000 in PFC
Revenue Bonds. These bonds were issued for the purpose of financing the design and construction
costs of terminal improvements at the Kansas City International Airport and are backed by the
PFCs collected on ticketed passengers that pass through the Airport. The bonds mature annually
through 2026.
Note 4:
PFC Funds Collected
PFC funds collected during the year ended April 30, 2013 were as follows:
$ 19,415,950
344,887
PFC Collections
Interest Earned on PFC Collections
$ 19,760,837
Total PFC Revenue in FYE13
C-5
Notes to Schedule of PFC Funds Collected and Expended
Note 5:
PFC Funds Expended
PFC funds expended during the year ending April 30, 2013 were as follows:
Funds Expended by Quarter
Second Quarter–2012
Third Quarter–2012
Fourth Quarter–2012
First Quarter–2013
Less April 2012
Plus April 2013
Total PFC Funds Expended in FYE13
C-6
$
2,473,500
9,530,276
20,397,590
(142,735)
$
32,258,631
KANSAS CITY AVIATION DEPARTMENT
601 BRASILIA AVENUE
KANSAS CITY, MISSOURI 64153
(816) 243-3124
www.flykci.com

COMPREHENSIVEANNUALFINANCIALREPORT

Transcription

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