Ord. 20640 - Laserfiche WebLink

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IMPLEMENTATION AND FINANCING PLAN and fuel flow fees from the development of new general aviation corporate areas. Table 5-13 summarizes the estimated additional revenues from these projects. Cash Flow Sensitivity The City of Eugene Comprehensive Annual Financial Report (CAFR) contains information regarding the . This is an audited report which is required under local ordinances and state statutes. As an entity which is owned and operated by the City of Eugene, airport financial information is contained within this report. One important element of this report is the Cash Flow Statement. This accounts for how money comes into the Airport (revenues and credits) and how that money is spent (expenses). The Cash Flow Statement is an important element in financial reporting because it helps the Eugene public understand how the Airport uses money to sustain operational self- sufficiency. Table 5-14 presents EUG cash flows if the Airport takes on long-term debt through a municipal bond to be repaid using FAA approved PFC collections. Additionally, this analysis assumes unmet needs for specific identified short-term (PAL 1) projects are not met using the projected airport funds. As shown, the airports cash reserves would be slightly lower than a 6 month operating expense limit between FFY 2021 to FFY 2023. During this period, cash reserves would cover a minimum of 4 months of operating expenses duringFFY 2021 but only cover 3 months of operating expenses during FFY 2022. All other years maintain a 6 month operating airport reserve. Table 5-15 shows cash flow results when only 80 percent of anticipated revenue growth is experienced. This could occur for a variety of reasons such as airport landing fees and terminal lease rates not keeping the pace necessary to cover operating expenses and/or the Airport experiences a significant drop in landings and has unleased terminal space which reduces overall operating revenue. This scenario assumes operating expenses still increase at baseline rates. Table 5-15 demonstrates that extended periods of low growth with increasing expenses have the potential to deplete airport reserve funds below the 6 month operating reserve by FFY 2031 with complete depletion by FFY 2035. Table 5-16 shows cash flow results when 120 percent of anticipated revenue growth is experienced. Under this scenario, revenue projections outpace expenses at higher than expected levels and provide additional capital to fund airport projects. Expenses under this scenario are also assumed at baseline levels. Airport reserve funds are still projected to drop slightly below the 6 month operational reserve level but replenish rapidly beginning in FFY 2023 as additional terminal lease space is developed. EUGENE AIRPORT MASTER PLAN 5-71