Draft EUG Master Plan Update, February 2010

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SUPPLEMENTAL FINANCIAL ANALYSIS APPENDIX B Table B-1 The revised capital improvement plan presented in of this supplemental analysis suggests that the Eugene Airport will focus its capital funding on projects which primarily preserve existing airfield/landside infrastructure. Of the twelve (12) projects programmed to be undertaken, five (5) are designed to preserve existing airfield pavement while other projects are aimed at modernizing the Airport’s fleet of snow removal equipment, constructing an aircraft deicing containment area and aircraft wash station, and addressing storm water drainage needs. Two projects are designed to enhance the Airport’s taxiway system through the widening of Taxiway K and reconstruction of Taxilane E to the North . Ramp In FY2014, the Airport is slated to complete its only terminal building capacity-related project when it expands the airline baggage claim area. In order to complete projects during this five year period, an investment of $20.9 million is programmed from the following sources: Funding Source Amount Percent FAA Entitlement $13.7 Million 66% FAA Discretionary $4.7 Million 22% Passenger Facility Charge $2.5 Million 12% Although reduced by $15.0 million from the program envisioned in Chapter 5, EUG’s revised FY2011- 2015 capital improvement plan represents a responsible and manageable program which will yield positive results for Airport users. Since the Airport’s current PFC program expires on November 30, 2011 and does not include projects listed in the FY2011-2015 plan, an amendment to the Airport’s existing PFC program or preparation of an application for new PFC impose and use authority in the amount of $2.5 million is required. Moreover, because projects listed in this revised plan are not currently included in a PFC plan, the Airport will need to temporarily utilize $390,000 in its Capital & Operating Reserve as local matching funds for the South Ramp Rehabilitation and Runway 34L/16R Overlay projects in FY2011. Upon approval and collection of sufficient PFC revenues, this amount can be reimbursed to this reserve fund. Since the Runway 16R/34L Overlay Project is considered a high priority project for FAA funding, it is very likely that the required $4.7 million in FAA discretionary funding will be allocated for this project. Table B-2 provides a forecast of FAA entitlement funds and PFC revenues to be collected during this five year period. As noted, $2,751,263 in annual FAA Entitlements is programmed for this five year period. This level of funding is consistent with direction provided by the FAA Seattle District Office and assumes that annual enplanement levels reach 379,100 each fiscal year. Because FAA entitlement funds presented in this revised plan are not based on forecast passenger activity as in Chapter 5, any shortfall in federal grant-in-aid created from not achieving this level of passenger activity will require FAA Discretionary funds and/or supplemental PFC revenues to complete the planned improvements. Should additional PFC funds be required, additional impose authority will need to be approved for EUG. B-3 Eugene Airport Master Plan Update (February 2010)