Page 385 - FY 2022-23 Proposed Budget

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
2020-21 2021-22 2021-22 2022-23
$ 3,857,701,000 $ 3,391,058,000 $ 2,740,604,000 Available from Prior Period (1)..................................... $ 3,403,724,000
1,072,154,000 1,312,632,000 1,363,233,000 Operating Revenue...................................................... 1,697,989,000
105,520,000 72,280,000 84,000,000 Non-Op Inc & Accting Adj for Cash ............................. 289,000,000

2,054,545,000 2,835,005,000 2,678,801,000 Proceeds from debt issuance....................................... 2,166,450,000
32,606,000 45,976,000 63,200,000 CFC Collections........................................................... 82,062,000

68,748,000 85,712,000 111,128,000 PFC Receipts.............................................................. 143,044,000

313,032,000 32,353,000 32,353,000 Grants Reimbursements - LAX.................................... 38,238,000

18,698,000 28,375,000 28,375,000 Grants Reimbursements - VNY.................................... 17,207,000

$ 7,523,004,000 $ 7,803,391,000 $ 7,101,694,000 Total Receipts................................................................ $ 7,837,714,000
EXPENDITURES
Actual Adopted Estimated Projected
Expenditures Budget Expenditures Appropriation
2020-21 2021-22 2021-22 2022-23
MAINTENANCE AND OPERATIONS EXPENSE
$ 494,046,000 $ 473,798,000 $ 471,063,000 Total Salaries and Benefits.......................................... $ 502,302,000
298,732,000 433,725,000 428,265,000 Total Materials, Supplies and Services........................ 489,185,000
$ 792,778,000 $ 907,523,000 $ 899,328,000 Total Maintenance and Operations Exp (Sch. 2) $ 991,487,000

NONOPERATING AND CAPITAL EXPENDITURES
$ 3,009,000 $ 25,984,000 $ 9,202,000 Equipment and Vehicles.............................................. $ 31,624,000

543,818,000 135,042,000 30,000,000 PFC/CFCFunded Capital Expenditures........................ 5,000,000
54,498,000 50,239,000 32,353,000 Grant Funded Capital Expenditures............................. 63,373,000

2,002,589,000 1,814,719,000 1,719,502,000 Revenue Funded Capital Expenditures........................ 2,442,644,000
238,918,000 4,501,000 5,500,000 Oth Non-Op Exp & Adj:Payables/Capitalization........... 5,610,000
1,146,790,000 1,168,591,000 1,002,085,000 Bond Redemption and Interest..................................... 1,027,772,088
$ 3,989,622,000 $ 3,199,076,000 $ 2,798,642,000 Total Non-operating & Capital Expenditures.................. $ 3,576,023,088
RESERVES
$ 237,807,000 $ 233,904,000 $ 233,904,000 Reserve for Maintenance and Operations.................... $ 247,872,000
123,863,000 120,000,000 120,000,000 Reserve for Self-Insurance Trust................................. 240,000,000
92,680,000 91,096,000 155,880,000 Committed CFC Collections......................................... 237,942,000

219,965,000 171,807,000 233,586,000 Committed PFC Collections......................................... 225,747,000

733,855,000 2,146,478,000 1,958,642,000 Other Restricted Funds................................................ 995,027,000
1,332,434,000 933,507,000 701,712,000 Revenue Fund Reserve............................................... 1,323,616,000

$ 2,740,604,000 $ 3,696,792,000 $ 3,403,724,000 Total Reserves.............................................................. $ 3,270,204,000
$ 7,523,004,000 $ 7,803,391,000 $ 7,101,694,000 Total Appropriations....................................................... $ 7,837,714,000

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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