TAIT FY 2019 BUDGET Summary - PDF Free Download

TAIT FY 2019 BUDGET Summary Prior FY Budget V Current FY Budget PY 2018 Budget FY 2019 Budget Net % Net $ Beginning Cash (Revenue Fund) $ 2,823,010.00 $ 3,000,000.00 6.27% $ 176,990.00 PFC's & CFC's for Debt Service 5,500,108.00 5,495,875.00 0.08% $ (4,233.00) TAIT Total Revenue 40,744,626.00 40,903,022.00 0.39% $ 158,396.00 Total Resources 49,067,744.00 49,398,897.00 0.67% $ 331,153.00 $ TAIT Total Operating Budget 24,670,174.00 24,428,912.00 0.98% $ (241,262.00) Debt Service 17,011,428.00 15,415,684.00 9.38% $ (1,595,744.00) Required Reserves 724,165.00 100.00% $ (724,165.00) Operating Capital and Projects 6,661,977.00 9,554,301.00 43.42% $ 2,892,324.00 Net Resources Used $ 49,067,744.00 $ 49,398,897.00 0.67% $ 331,153.00 $ $ $

Tulsa Airports Improvement Trust Fiscal Year Comparison Revenue FY 2018 Budget FY 2019 Budget FY17/18 vs. FY 18/19 Budget Changes Terminal - Revenue $9,606,611.00 $8,863,726.00 ($742,885.00) Other Buidling & Grounds $2,612,866.00 $2,639,913.00 $27,047.00 Runway (Airfield) $9,345,865.00 $9,087,174.00 ($258,691.00) Parking & Rental Cars $14,677,837.00 $15,488,053.00 $810,216.00 General & Administrative $3,311,801.00 $3,585,720.00 $273,919.00 RVS Jone Airport $1,100,558.00 $1,127,720.00 $27,162.00 Okmulgee $89,088.00 $110,716.00 $21,628.00 Total Revenue $40,744,626.00 $40,903,022.00 $158,396.00 Expenses Regular salaries & wages $7,959,546.00 $7,848,788.00 ($110,758.00) Overtime $241,582.00 $269,670.00 $28,088.00 Other Pay $95,965.00 $70,795.00 ($25,170.00) Taxes & Benefits $3,971,406.00 $3,294,575.00 ($676,831.00) TPAYROLL Total Personal Services $12,268,499.00 $11,483,828.00 ($784,671.00) Non-Capitalized Equipment $517,789.00 $281,490.00 ($236,299.00) IT Non-Capitalized Equipment $219,724.00 $237,165.00 $17,441.00 Materials & Supplies $1,193,887.00 $1,488,981.00 $295,094.00 TTLMS Total Materials & Supplies $1,931,400.00 $2,007,636.00 $76,236.00 Janitorial Services $1,600,000.00 $1,600,000.00 $0.00 Travel & Lodging Expenses $113,200.00 $157,140.00 $43,940.00 Training & Education $83,264.00 $87,174.00 $3,910.00 Memberships $101,825.00 $103,168.00 $1,343.00 Repairs & Maintenance $408,400.00 $527,100.00 $118,700.00 Professional & Consulting Services $2,262,852.00 $2,297,442.00 $34,590.00 Utilities $1,757,715.00 $1,733,968.00 ($23,747.00) ARFF (Fire Payroll Reimbursement) $1,800,000.00 $1,810,000.00 $10,000.00 Insurance $286,892.00 $298,120.00 $11,228.00 Parking Operations Expense Trust $1,892,114.00 $1,953,020.00 $60,906.00 All Other $165,206.00 $370,316.00 $205,110.00 TTLOTHSVCCHG Total Other Services & Charges $10,471,468.00 $10,937,448.00 $465,980.00 Total Operating Expenses $24,671,367.00 $24,428,912.00 ($242,455.00) CAPTTL Total Operating Capital $1,724,700.00 $1,937,600.00 $212,900.00 Remaining Net Revenue $14,348,559.00 $14,536,510.00 $187,951.00

Tulsa Airports Improvement Trust Budget Fiscal Year 2019 Revenue & Operating Expense Budget Summary Account Titles Fiscal 2019 Budget Revenue Landing fees signatory passenger $ 6,272,918 Landing fees signatory cargo $ 227,082 Landing fees non signatory passenger $ 340,687 Landing fees non signatory cargo $ 458,370 Military landing and joint use fee $ 44,309 Signatory airline terminal area rentals $ 3,797,782 Non signatory airline terminal area rentals $ 12,500 Signatory airline terminal baggage system rentals $ 1,202,218 Per Turn charges signatory $ 180,000 Per Turn charges non signatory $ 322,000 Per Turn charges non signatory incentive $ (175,000) Signatory Airline jetbridge maintenance fees $ 72,000 Airline signatory other charges $ 118,743 Airline non signatory other charges $ 740 Tulsa International fuel flow fees $ 797,550 FBO hangar ground and facility leases $ 893,346 Airfield hangar, ground and facility leases $ 664,809 Special facility leases $ 840,168 Security reimbursement (LEO) $ 122,100 Ramp and apron charges $ 48,653 Property development excluded from revenue sharing $ 169,393 Other airfield misc revenue and reimbursements $ 126,000 Food & beverage $ 1,012,940 News, gifts & retail $ 928,618 Advertising $ 538,380 Other tenant terminal rentals $ 242,686 Terminal revenue from vending/technology & other sources $ 61,105 Tenant association fees $ 50,000 Other terminal janitorial utility and other reimbur $ 181,000 Rental car commissions $ 3,819,300

Account Titles Fiscal 2019 Budget Rental car terminal rentals $ 270,894 Rental car ready return $ 453,951 Rental car service site rental $ 296,905 Rental car janitorial utility and other reimbursements $ 72,861 Auto parking $ 11,412,805 Auto parking (sales tax) $ (841,589) Auto parking employees $ 1,620 Transportation trip charges $ 276,600 Hotel $ 235,300 Aeronautical leases Other buildings and grounds $ 36,473 Non aeronautical leases Other buildings and grounds $ 518,349 Other aeronautical operating revenue $ 16,300 Other non aeronautical operating revenue $ 12,100 RVS fuel flow fees $ 177,100 RVS facility, ground and tie down rentals $ 928,620 RVS other miscellaneous revenue $ 22,000 Okmulgee reimbursements $ 110,716 Finance charges $ 11,900 Interest Income unrestricted $ 316,000 Purchase card rebate $ 23,000 CFC Rental car customer facility charges $ 3,180,720 Total Revenue $ 40,903,022 Expenses Regular salaries & wages $ 7,563,788 Market adjustments $ 285,000 Shift differential $ 22,842 Stand by pay $ 22,150 Longevity pay $ 25,804 Overtime $ 269,670 Car allowance $ 2,400 Social security $ 572,471 State unemployment insurance $ 5,104 Municipal pension contributions $ 1,172,387 Group medical insurance $ 1,520,812

Account Titles Fiscal 2019 Budget Group life & AD&D insurance $ 21,402 Motor fuels $ 104,300 Automotive supplies, parts & equipment $ 224,700 Office supplies $ 52,440 Reference material and publications $ 1,300 Employee incentive awards $ 3,300 IT non capital hardware, software, & supplies $ 237,165 Janitorial supplies $ 155,750 Welding equipment parts & supplies $ 2,150 De icing supplies $ 95,000 Safety supplies $ 11,200 Clothing & uniforms $ 37,435 Fire protection supplies $ 29,945 Safety shoes $ 7,710 Security parts & supplies $ 78,990 Perimeter entry gate supplies $ 10,000 Horticulture supplies $ 21,000 Hardware, paint and lumber $ 70,800 Concrete & aggregate material $ 84,500 Minor tools $ 24,645 Radio & electronic parts & supplies $ 18,800 Plumbing parts & supplies $ 22,700 Heating, ventilation, air conditioning parts & supplies $ 60,500 Electrical parts & supplies $ 126,000 Advertising Program Supplies $ 25,000 Non capitalized equipment $ 281,490 Baggage conveyor parts & supplies $ 55,000 Passenger boarding bridge parts & supplies $ 30,000 Supplies for signage $ 15,000 Other operating supplies $ 120,816 Security services $ 121,867 Janitorial services $ 1,600,000 Landscaping & horticultural services $ 170,000 Pest control exterminating services $ 12,000 Building and structural repairs and services $ 110,000

Account Titles Fiscal 2019 Budget Elevator & escalator maintenance services $ 170,000 Passenger boarding bridge maintenance services $ 42,000 Alarm maintenance $ 50,000 Temporary employment services $ 58,618 City Services $ 51,943 Legal services $ 84,000 Auditing services $ 54,250 Consulting and other professional services $ 496,100 Environmental consulting services $ 79,200 Real estate, appraisal, and surveying services $ 7,500 Banking fees & services $ 369,500 Federal arbitrage rebate services $ 3,500 Payroll processing services $ 47,500 Employee physicals & drug screenings $ 10,000 Parking management services $ 1,953,020 Fire payroll reimbursement $ 1,810,000 Electrical utilities $ 1,112,400 Gas utilities $ 154,825 Water, sewer, refuse utilities $ 317,800 Telephone and other communication services $ 148,943 Insurance $ 298,120 Damages $ 17,000 Advertising official notices $ 8,950 Advertising Program Services $ 5,000 Airport marketing and parking promotional services $ 220,700 Air service marketing advertising and promotional services $ 280,000 Printing & reproduction services $ 21,500 Office equipment rental $ 15,400 Uniform rentals, clearing and repairs $ 8,800 IT & computer systems services $ 86,200 Software licensing and systems maintenance fees $ 142,614 Mailing postage $ 5,765 Employee food & meeting expense $ 16,900 Travel & lodging expenses $ 157,140 Employee tuition expense $ 8,000

Account Titles Fiscal 2019 Budget Education & training $ 87,174 Subscriptions news and periodicals $ 527 Subscriptions database and online services $ 129,299 Memberships $ 103,168 Non office equipment rentals $ 3,400 Equipment & automotive outside service/repairs $ 46,100 Electrical repairs and services $ 13,000 Plumbing repairs and services $ 26,500 Heating, ventilation & air conditioning services $ 109,000 Equipment maintenance and testing $ 7,200 Other fees & services $ 82,025 Bad debt expense $ 3,000 Total Expenses $ 24,428,912 Total Revenue $ 40,903,022 Total Expenses $ 24,428,912 Net Income $ 16,474,110

Debt Service Requirements (FY2018-2019) ISSUE P&I Dedicated Rate Based PFC's CFC's Series 2010A 752,152.08 115,079.27 637,072.81 Series 2010B 1,030,594.38 963,605.74 66,988.63 Series 2010C 777,623.96 9,028.21 768,595.74 Series 2013A 2,417,679.17 2,055,027.29 362,651.88 Series 2013B 363,112.17 363,112.17 Series 2015A 4,935,562.50 2,539,889.82 2,395,672.68 Series 2015C 52,422.93 52,422.93 - Series 2015D 2,941,541.67 2,941,541.67 - Series 2016 (Spartan) 126,348.60 126,348.60 Series 2017 Refunding 2,018,647.03 2,018,647.03 TOTAL 15,415,684.48 4,996,568.96 3,680,025.97 6,739,089.55 Add 25% coverage 3,853,921.12 1,249,142.24 920,006.49 1,684,772.39 Grand Total 19,269,605.59 6,245,711.20 4,600,032.46 8,423,861.94 Bonds Outstanding @ 6/30/2018 06/1/2019 Prin @ 6/30/2019 Final Maturity Series 2010A 2,050,000 655,000 1,395,000 Jun 1, 2021 Series 2010B 2,740,000 855,000 1,885,000 Jun 1, 2021 Series 2010C 4,110,000 585,000 3,525,000 Jun 1, 2026 Series 2013A 32,435,000 660,000 31,775,000 Jun 1, 2043 Series 2013B 2,325,000 255,000 2,070,000 Jun 1, 2024 Series 2015A 38,155,000 3,025,000 35,130,000 Jun 1, 2045 Series 2015C 835,000 20,000 815,000 Jun 1, 2045 Series 2015D 21,835,000 1,850,000 19,985,000 Jun 1, 2028 Series 2016 (Spartan) 921,261 92,291 828,971 Jan 1, 2027 Series 2017 Refunding 53,400,000 30,000 53,370,000 Jun 1, 2037 TOTAL $ 158,806,261.16 $ 8,027,290.63 $ 150,778,970.53

TULSA AIRPORTS IMPROVEMENT TRUST Schedule of Rates, Fees and Charges All rates, fees and charges not otherwise specified in an agreement, contract or sublease, shall be as follows: (all changes in bold) FY 17 18 Amended October 2017 & April 2018 FY 18 19 A. LAND (per annum): FBO, commercial and corporate hangars 11% of value 11% of value Large tract aeronautical developments (3rd Party) 8% of value 8% of value Land options 60% of rental rates 60% of rental rates Agricultural per bid per bid B. FACILITIES TERMINAL AND CARGO: psfpy psfpy Signatory class 1 space $96.88 $96.88 Signatory class 2 space $72.66 $72.66 Signatory class 3 space $48.44 $48.44 Signatory class 4 space $24.22 $24.22 Signatory joint use: Baggage system (class 3 space) $48.44 $48.44 Baggage claim (class 2 space) $72.66 $72.66 *(includes rights to remote a/c parking boxes) Non signatory class 1 space $145.32 $121.10 Non signatory class 2 space $108.99 $90.82 Non signatory class 3 space $72.66 $60.55 Non signatory class 4 space $36.33 $30.27 Non signatory joint use: Baggage system (class 3 space) $48.44 $60.55 Baggage claim (class 2 space) $72.66 $90.82 Per turn charge for common use gatehold/apron signatory $279.00 $131.00 Per turn charge for common use gatehold/apron non signatory * $458.00 $303.00 * (includes ticket counter) Jet bridge maintenance fee signatory $600.00/month/bridge $600.00/month/bridge Cargo facilities Building (with airfield access) $10.00 psfpy $10.00 psfpy Building (short term, no airfield access) fair value fair value Nonscheduled, non licensed air carriers (use of terminal) $ 1.00/enplanement $ 2.00/enplanement Other building space fair value airline rates Non airline office/retail space in airline passenger terminal fair value airline rates Public area use for commercial purposes negotiated negotiated C. LANDING FEES (per 1,000lbs of GMLW): Signatory air carrier $3.62 $3.62 Non signatory air carrier $5.43 $4.53 D. FUEL FLOWAGE FEE: $0.10/gal $0.10/gal

TULSA AIRPORTS IMPROVEMENT TRUST Schedule of Rates, Fees and Charges All rates, fees and charges not otherwise specified in an agreement, contract or sublease, shall be as follows: (all changes in bold) FY 17 18 Amended October 2017 & April 2018 FY 18 19 E. AIRCRAFT PARKING FEE: Signatory concourse aircraft included in rates included in rates Remote aircraft parking boxes non signatory $.40/1,000lbs/day $.40/1,000lbs/day Cargo aircraft parking (ramp) non signatory only $.40/1,000lbs/day $.40/1,000lbs/day North development area parking $.10/1,000lbs/day $.10/1,000lbs/day Military apron user fee $.40/1,000lbs/day $.40/1,000lbs/day F. AUTOMOTIVE PARKING: $2.00/hour (1st 30 min $1.00) $2.00/hour (1st 30 min $1.00) Garage $12.00/day maximum $12.00/day maximum Shuttle $8.00/day maximum $8.00/day maximum Valet parking charge $18.00/day $18.00/day Reserved covered parking specific space $500.00/month $500.00/month Tire lock removal charge $35.00 $35.00 Unauthorized parking penalty $35.00/day $35.00/day Taxicab charge $1.00/pick up $1.00/pick up Signatory vehicular parking $15.00/month/employ $15.00/month/employ Non Signatory vehicular parking (except for lot A) $22.50/month/employ $22.50/month/employ Non Signatory vehicular parking (employee lot A only) $15.00/month/employ $15.00/month/employ Parking permit replacement fee $10.00 $10.00 Discounts and promotional rates director approved director approved G. MISCELLANEOUS FEES: Administrative fee (contracts administration) * $300.00 $300.00 Legal expense reimbursement * actual cost actual cost * (Annual license, sales of leasehold improvements, assignment, collateral assignment, release of lease, amendment or supplement to agreement, or any other modification requested by operator requiring approval by TAIT). Finance charge on past due invoices 18%/year 18%/year Returned check fee $25.00 $25.00 Wireless internet tenant IP address cost + 25% cost + 25% Other cost + 15% cost + 15% H. CONFERENCE ROOMS RENTAL: $30.00/hour $30.00/hour 1 hour $30.00 $30.00 Half Day (4 hours) $100.00 $100.00 Full Day (8 hours) $200.00 $200.00

TULSA AIRPORTS IMPROVEMENT TRUST Schedule of Rates, Fees and Charges All rates, fees and charges not otherwise specified in an agreement, contract or sublease, shall be as follows: (all changes in bold) RICHARD LLOYD JONES (RVS) AIRPORT: FY 17 18 Amended October 2017 & April 2018 FY 18 19 Existing Agreements Aircraft hangar site land only $0.297/sq. ft. $0.302/sq. ft. Commercial operator site land only $0.335/sq. ft. $0.341/sq. ft. New Private Hangar or Commercial Hangar entered into after 12/01/2017 $0.347/sq. ft. $0.355/sq. ft. Other Land 11% of Value 11% of Value Administrative fee (contracts administration) * $300.00 $300.00 Legal expenses reimbursement * actual cost actual cost * (Annual license, sales of leasehold improvements, assignment, collateral assignment, release of lease, amendment or supplement to Agreement, or any other modification requested by operator requiring approval by TAIT). Finance charge on past due invoices 18%/year 18%/year Fuel flowage fee $0.10/ gal $0.10/ gal Ramp tie down area $350/mo./block $350/mo./block Water tap charges $10/month $10/month Administrative fee for pooled insurance administration $20/participant lot/year $20/participant lot/year Other cost + 15% cost + 15%

TULSA AIRPORTS IMPROVEMENT TRUST Schedule of Rates, Fees and Charges All rates, fees and charges not otherwise specified in an agreement, contract or sublease, shall be as follows: (all changes in bold) REQUIRED LEVELS OF INSURANCE FOR TENANTS (TUL & RVS) FY 17 18 Amended October 2017 & April 2018 FY 18 19 GENERAL (AIRPORT) LIABILITY * Air carrier $300,000,000 $300,000,000 Cargo carrier $300,000,000 $300,000,000 Cargo feeder $5,000,000 $5,000,000 Cargo facility lease $5,000,000 $5,000,000 Any aircraft fueling operations on air carrier apron $10,000,000 $10,000,000 FBO TUL (not fueling on air carrier apron) $3,000,000 $3,000,000 FBO RVS $2,000,000 $2,000,000 Commercial aviation (SASO) TUL $1,000,000 $1,000,000 Commercial aviation (SASO) RVS $1,000,000 $1,000,000 Commercial building tenant concessionaires (TUL) $2,000,000 $2,000,000 Commercial building tenant other (TUL) $1,000,000 $1,000,000 Commercial ground transporters (shuttles) $1,000,000 $1,000,000 Private hangar land lease (RVS) $500,000 $500,000 Agricultural non airfield land lease $250,000 $250,000 * To include products and completed operations and property damage with the specified minimum limits to be for combined single limit (each occurrence and aggregate). AUTO LIABILITY* same as general liability unless below same as general liability unless below Cargo feeder $3,000,000 $3,000,000 * Required for all airport tenants and licensed service providers that have vehicles on the Airport (excludes public roadways, public parking lots and tenant parking lots located in unsecured areas of a tenant lease). WORKERS COMPENSATION AND EMPLOYER'S LIABILITY per state statutes per state statutes