Page 539 - FY 2021-22 Adopted Budget file_Neat

DEPARTMENT OF AIRPORTS

The Department, under its Board of Commissioners, is responsible for the management, supervision and control of all airports and
airport facilities under the jurisdiction of the City of Los Angeles. It plans, constructs and maintains its own buildings, and controls its
own funds in accordance with the Los Angeles City Charter.

RECEIPTS
Actual Adopted Estimated Projected
Revenue Budget Revenue Revenue
2019-20 2020-21 2020-21 2021-22
$ 3,857,701,000 $ 3,444,648,000 $ 3,138,680,000 Available from Prior Period (1)..................................... $ 3,391,058,000
1,366,735,000 1,320,508,000 1,069,627,000 Operating Revenue...................................................... 1,312,632,000
466,238,000 219,062,000 309,728,000 Non-Op Inc & Accting Adj for Cash ............................. 72,280,000
1,201,826,000 2,901,823,000 2,264,725,000 Proceeds from debt issuance....................................... 2,835,005,000
65,621,000 31,935,000 38,244,000 CFC Collections........................................................... 45,976,000
118,023,000 59,225,000 56,206,000 PFC Receipts............................................................... 85,712,000
85,978,000 55,120,000 54,907,000 Grants Reimbursements - LAX..................................... 32,353,000
19,368,000 8,174,000 15,745,000 Grants Reimbursements - VNY.................................... 28,375,000
$ 7,181,490,000 $ 8,040,495,000 $ 6,947,862,000 Total Receipts................................................................ $ 7,803,391,000

EXPENDITURES
Actual Adopted Estimated Projected
Expenditures Budget Expenditures Appropriation
2019-20 2020-21 2020-21 2021-22
MAINTENANCE AND OPERATIONS EXPENSE
$ 541,582,000 $ 473,781,000 $ 466,830,000 Total Salaries and Benefits.......................................... $ 473,798,000
369,649,000 362,387,000 327,456,000 Total Materials, Supplies and Services........................ 433,725,000
$ 911,231,000 $ 836,168,000 $ 794,286,000 Total Maintenance and Operations Exp (Sch. 2) $ 907,523,000
NONOPERATING AND CAPITAL EXPENDITURES

$ 20,944,000 $ 15,465,000 $ 15,465,000 Equipment and Vehicles.............................................. $ 25,984,000
185,502,000 265,133,000 439,785,000 PFC/CFCFunded Capital Expenditures....................... 135,042,000
105,345,000 63,294,000 67,658,000 Grant Funded Capital Expenditures............................. 50,239,000
1,343,666,000 1,970,481,000 1,092,557,000 Revenue Funded Capital Expenditures........................ 1,814,719,000
4,370,000 4,370,000 Oth Non-Op Exp & Adj:Payables/Capitalization........... 4,501,000
1,476,122,000 1,258,422,000 1,142,683,000 Bond Redemption and Interest..................................... 1,168,591,000
$ 3,131,579,000 $ 3,577,165,000 $ 2,762,518,000 Total Non-operating & Capital Expenditures.................. $ 3,199,076,000

RESERVES
$ 234,456,000 $ 233,904,000 $ 233,904,000 Reserve for Maintenance and Operations.................... $ 233,904,000
120,400,000 120,000,000 120,000,000 Reserve for Self-Insurance Trust................................. 120,000,000
423,290,000 247,118,000 116,791,000 Committed CFC Collections......................................... 91,096,000
340,771,000 188,434,000 241,134,000 Committed PFC Collections......................................... 171,807,000
1,071,977,000 1,906,018,000 1,875,424,000 Other Restricted Funds................................................ 2,146,478,000
947,786,000 931,688,000 803,805,000 Revenue Fund Reserve............................................... 933,507,000

$ 3,138,680,000 $ 3,627,162,000 $ 3,391,058,000 Total Reserves............................................................... $ 3,696,792,000
$ 7,181,490,000 $ 8,040,495,000 $ 6,947,862,000 Total Appropriations....................................................... $ 7,803,391,000
1 Available from Prior Period includes the Total Reserves.
Note: Figures vary slightly from Department's Annual Financial Report due to rounding.

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