Comprehensiveannualfin
Total Page:16
File Type:pdf, Size:1020Kb
COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEARS ENDED APRIL 30, 2013 AND 2012 Kansas City Aviation Department An Enterprise Fund of the City of Kansas City, Missouri COMPREHENSIVE ANNUAL FINANCIAL REPORT For the years ended April 30, 2013 and 2012 For the Kansas City Aviation Department An Enterprise Fund of the City of Kansas City, Missouri Prepared by John Green, CPA, Chief Financial Officer Fred J. O’Neill, Finance & Accounting Manager Danelle J. Harrison, General Ledger Manager Finance and Accounting Staff GOVERNANCE Kansas City (the City) is a constitutionally chartered city and political subdivision of the State of Missouri, incorporated on June 3, 1850. The City is the central city of a fifteen-county Metropolitan Statistical Area (MSA) situated at the confluence of the Kansas and Missouri rivers. The City is governed by a city council comprising a mayor and twelve other elected members. The City CITY OF KANSAS CITY, Council is elected to four-year terms of which only MISSOURI two terms may be consecutive. The Mayor and six MAYOR: of the council members are elected at large and six Sylvester James council members are elected by the residents of CITY COUNCIL MEMBERS: their districts. The City Council is responsible for District Council Members: establishing the City’s policy and overseeing the District 1 – Dick Davis* District 2 – Russ Johnson** City’s affairs. District 3 – Jermaine Reed* District 4 – Jan Marcason District 5 – Michael Brooks The Mayor appoints members of the City Council to District 6 – John A. Sharp serve on the City’s Transportation and Infrastructure Council Members-at-Large: District 1 – Scott Wagner Committee. This committee performs in-depth District 2 – Ed Ford reviews of proposed Aviation Department legislation District 3 – Melba Curls* District 4 – Jim Glover and objectives. Subsequent to the review of District 5 – Cindy Circo District 6 – Scott Taylor department legislation, the committee will forward a recommendation to the full City Council for *Transportation & Infrastructure Committee member **Transportation & Infrastructure Committee chairman approval. CITY MANAGER: The City Council is also responsible for appointing Troy Schulte the City Manager who is responsible for implementing the policies approved by the City Council. The City Manager appoints and has oversight responsibility for the Director of Aviation. The Director of Aviation (the Director) is responsible for the operation and maintenance of the Department’s two airport facilities: the Kansas City International Airport (MCI) and the Charles B. Wheeler Downtown Airport (MKC), and a portion of the Richards-Gebaur Intermodal Transportation Facility (formerly Richards-Gebaur Memorial Airport). The Director is also responsible for department staffing requirements and operates the department via nineteen divisions. Each division manager is responsible for budgeting and overseeing the daily operations of his/her respective division. DEPARTMENT OF AVIATION DIRECTOR Mark D. VanLoh, A.A.E. DIRECTOR: MarkDEPUTY D. VanLoh, DIRECTORS A.A.E. Ian Redhead, C.M. OperationsDEPUTY & DIRECTORS: MaintenanceIan Redhead, C.M. Operations & Maintenance David Graham Long, A.A.E. Properties & Commercial Development John Green, CPA David Graham Long, A.A.E. PhilipPhil Muncy, Muncy, PE PE Chief Financial Officer Properties & Commercial PlanningPlanning & Engineering John Green, CPA Ian Redhead, C.M. Chief Financial Officer Operations & Maintenance DIVISION MANAGERS Mark VanLoh, Administration David Bowen, MCI Operations Fred O’Neill, Finance & Accounting Chuck Marks, Airport Police Ed Kline, Purchasing & Warehouse Rich Weems, Field Maintenance David Jacobus, Information Technology Mitch Cox, Fleet Maintenance Philip Muncy, Planning & Engineering Cynthia Williams, Facilities-Custodial Alicia Williams, Human Resources Henry Linch, Facilities-Structural Thomas McKenna, Marketing Shirley Winn, Bus Operations David Long, Commercial Development Sabrina Largen, Environmental Mgmt. Katy Sell, Parking Services Veronica Watson-Perkins, Safety Michael Roper, Downtown Airport (MKC) City of Kansas City, Missouri Department of Aviation Comprehensive Annual Financial Report Years Ended April 30, 2013 and 2012 Table of Contents Introductory Section Letter of Transmittal ............................................................................................................................ I Certificate of Achievement for Excellence in Financial Reporting ................................................. VII Organizational Chart ..................................................................................................................... VIII Financial Section Independent Auditor’s Report on Financial Statements and Supplementary Information ................................................................................................. A-1 Management’s Discussion and Analysis ........................................................................................ A-4 Basic Financial Statements Statements of Net Position ...................................................................................................... A-16 Statements of Revenues, Expenses and Changes in Net Position ........................................... A-18 Statements of Cash Flows ....................................................................................................... A-19 Notes to Financial Statements ................................................................................................. A-21 Statistical Section Financial Trends Schedule of Historical Net Position and Cash Flow Information ............................................. B-1 Schedule of Historical Revenues and Expenses ........................................................................ B-3 Schedule of Statements of Cash Flows ..................................................................................... B-5 Schedule of Unrestricted and Restricted Cash and Investments ............................................... B-7 Revenue Capacity Schedule of Revenues, Expenses and Changes in Net Position by Facility .............................. B-9 Schedule of Grants .................................................................................................................. B-10 Schedule of Highest Paying Customers .................................................................................. B-11 Schedule of Most Popular Destinations .................................................................................. B-12 Schedule of Non-Stop Destinations ........................................................................................ B-13 Schedule of Passenger and Cargo Airlines .............................................................................. B-14 Schedule of Airline Service ..................................................................................................... B-15 Debt Capacity Schedule of Ratios of Outstanding Debt, Debt Service and Debt Limits ................................ B-17 Schedule of Historical General Airport Revenue Bond Debt Service Coverage .................... B-19 Schedule of Annual Passenger Enplanements ......................................................................... B-21 Schedule of Monthly Enplanements ........................................................................................ B-22 Schedule of Changes in Monthly Enplanements vs. U.S. Domestic Monthly Enplanements ...................................................................................................................... B-23 Schedule of Airlines Market Share ......................................................................................... B-25 Schedule of MCI Aircraft Operations ..................................................................................... B-29 Schedule of Enplaned Cargo ................................................................................................... B-30 Schedule of Commercial Aircraft Landed Weight by Airline ................................................. B-31 Schedule of Commercial Aircraft Landings ............................................................................ B-35 Schedule of Annual Parking Revenue by Facility ................................................................... B-39 Schedule of Historical Airline Cost Per Enplaned Passenger ................................................. B-40 Schedule of Total Airport System Revenue and Expenses ..................................................... B-41 Schedule of Historical Operating and Maintenance Expenses ................................................ B-43 Schedule of Historical Revenues ............................................................................................. B-45 Schedule of PFC Revenues ..................................................................................................... B-47 Schedule of PFC Bond Sufficiency Covenant ........................................................................ B-48 Demographic and Economic Information Schedule of Population ............................................................................................................ B-49 Schedule of Principal Employers ............................................................................................ B-50 Operating Information Schedule of Rates and Charges ............................................................................................... B-51 Schedule of Parking