SLIDE 5 5
County of Ventura - Department of Airports Cash Flow Analysis Five Year Period July 1, 2018 through June 30, 2023 3% inflation to most revenue and expense items FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 3% inflation on most revenue and expense items except Capital Estimated cash balance July 1, 2018 $ 16,301,360 $ 13,274,308 $ 7,987,748 $ 10,008,632 $ 11,238,117 Budgeted Revenue 6,519,822 6,765,417 7,110,379 7,323,691 7,543,401 Budgeted Salaries and Benefits (3,311,235) (3,410,572) (3,512,889) (3,618,276) (3,726,824) Budgeted Service and Supplies (2,199,701) (2,265,692) (2,333,663) (2,403,672) (2,475,783) Expenses for hangar development (2,229,918) (6,173,542) Budgeted Other Expenses net of Depreciation & Bad debts (73,456) (75,660) (77,929) (80,267) (82,675) Net Cash Balance Before Capital Outlays (1,294,488) (5,160,049) 1,185,898 1,221,475 1,258,119 Grant & Non-grant Eligible Capital Expenditures for Fiscal Year (2,893,569) (3,332,784) (20,322,489) (160,200) (3,723,500) Grant Revenues 1,161,005 3,206,273 21,157,475 168,210 1,134,400 Projected cash balance at June 30 $ 13,274,308 $ 7,987,748 $ 10,008,632 $ 11,238,117 $ 9,907,136 Note - The grant and non-grant capital outlay reflects the local funds to be expended per the 5 year Capital Improvement Plan (CIP) for both airports. Projected cash balance would be adjusted by adding or subtracting projects in the CIP. FY 2018-19 reflects construction of NE hangar development at Camarillo airport. FY 2018-19 reflects partial rent revenue of $50K for the rental of 41 new hangars. FY 2018-19 reflect the termination of vehicle storage at Camarillo and Oxnard airports. FY 2020-21 and after, reflect additional projected full-year rent revenue of $142K for the new hangars.
