7b Supp
ITEM NO: __7b_Supp_1_ DATE OF MEETING: May 13, 2014 Q1 2014 Performance Report Portwide Rollup Commission Briefing May 13, 2014 Q1 Major Revenue Variances Fav (UnFav) Incr (Decr) 2013 YTD 2014 Year-to-Date Budget Variance Change from 2013 $ in 000's Actual Actual Budget $ % $ % Aero Revenues 50,173 54,920 57,531 (2,611) -4.5% 4,746 9.5% SLOA III Incentive - - (894) 894 100.0% - 0.0% Public Parking 12,407 13,470 12,520 950 7.6% 1,063 8.6% Rental Cars 5,044 6,307 6,809 (502) -7.4% 1,263 25.0% Concessions 8,672 9,645 9,729 (84) -0.9% 973 11.2% Employee Parking 1,330 1,585 1,582 4 0.2% 256 19.2% Ground Transportation 1,954 2,257 1,960 297 15.2% 302 15.5% Airport Commercial Properties 1,303 1,350 1,416 (66) -4.7% 47 3.6% Utilities 1,606 1,681 1,760 (79) -4.5% 75 4.7% Container 15,935 15,630 16,075 (445) -2.8% (305) -1.9% Seaport Industrial Properties 3,993 4,256 4,231 25 0.6% 263 6.6% Grain 251 1,002 569 433 76.2% 750 298.4% Dock 1,071 937 1,016 (79) -7.8% (134) -12.5% Recreational Boating 2,209 2,233 2,256 (23) -1.0% 24 1.1% Commercial Properties 2,316 2,418 2,383 35 1.5% 102 4.4% Conference & Event Centers 2,109 1,556 1,865 (309) -16.6% (553) -26.2% Other 1,384 1,479 1,358 121 8.9% 95 6.8% Subtotal 61,584 65,806 65,528 278 0.4% 4,222 6.9% TOTAL 111,757 120,725 122,164 (1,439) -1.2% 8,968 8.0% 2 Q1 Major Expense Variances Fav (UnFav) Incr (Decr) 2013 YTD 2014 Year-to-Date Budget Variance Change from 2013 $ in 000's Actual Actual Budget $ % $ % Salaries & Benefits 23,401 23,985 25,472 1,487 5.8% 584 2.5% Wages & Benefits 21,334 22,050 23,944 1,894 7.9% 716 3.4% Payroll to Capital Projects 4,981 5,652 5,802 150 2.6% 670 13.5% Equipment Expense 1,055 1,154 1,437 283 19.7% 98 9.3% Supplies & Stock 1,398 1,839 1,387 (452) -32.6% 441 31.6% Outside Services 9,213 8,963 13,058 4,095 31.4% (251) -2.7% Utilities 4,992 5,908 5,294 (614) -11.6% 916 18.3% Travel & Other Employee Exps 913 808 1,604 797 49.7% (105) -11.5% Promotional Expenses 198 320 546 226 41.4% 122 61.9% Other Expenses 4,963 4,784 4,913 129 2.6% (179) -3.6% Charges to Capital Projects (7,111) (8,023) (9,063) (1,040) -11.5% (912) -12.8% TOTAL 65,337 67,437 74,392 6,955 9.3% 2,100 3.2% Operating Expenses were $7.0M lower than the budget mainly due to vacant positions, delay hiring, savings of outside contracted services, and timing of spending. Operating Expenses were $2.1M higher than Q1 2013 mainly due to higher payroll and utilities cost. 3 Portwide Operating Summary Fav (UnFav) Fav (UnFav) 2013 YTD 2014 Year-to-Date Budget Variance Year-End Projections $ in 000's Actual Actual Budget $ % Budget Forecast Bud Var Aeronautical Revenues 50,173 54,920 57,531 (2,611) -4.5% 241,443 239,381 (2,063) SLOA III Incentive - - (894) 894 (3,576) (3,576) 0 Other Operating Revenues 61,584 65,806 65,528 278 0.4% 299,536 301,221 1,685 Total Operating Revenues 111,757 120,725 122,164 (1,439) -1.2% 537,403 537,026 (378) Total Operating Expenses 65,337 67,437 74,392 6,955 9.3% 323,391 321,518 1,873 NOI before Depreciation 46,420 53,288 47,772 5,515 11.5% 214,012 215,507 1,495 Depreciation 42,654 42,159 42,007 (151) -0.4% 164,386 164,386 0 NOI after Depreciation 3,766 11,129 5,765 5,364 93.0% 49,627 51,122 1,495 Excluding Aeronautical revenues, other operating revenues for Q1 were $278K above budget mainly due to Public Parking, Ground Transportation, and Grain. Excluding Aeronautical revenues, other operating revenues are forecasted to be $1.7M above budget. Total operating expenses are forecasted to be $1.9M below budget. NOI before Depreciation is forecasted to be $2.6M over budget. 4 Portwide Capital Budget Summary 2014 YTD 2014 2014 Budget Variance $ in 000's Actual Forecast Budget $ % Aviation 26,309 208,392 237,320 28,928 12.2% Seaport 1,652 22,521 27,858 5,337 19.2% Real Estate 1,308 17,581 18,101 520 2.9% Corporate & CDD 1,458 15,321 15,955 634 4.0% TOTAL 30,727 263,815 299,234 35,419 11.8% 5 Q1 2014 Performance Report Sea-Tac Airport Commission Briefing May 13, 2014 Aviation Business Highlights Higher activity: ' Cargo, Passengers, Operations, Landed weight up over Q1 2013 Operating expenses below budget by $2.9 million as of Q1 2014 ' Airport baseline O&M 4.0% below budget, and 9.0% above Q1 2013 ' Unbudgeted Realignment costs incurred in 2014 Non-Airline revenues up 1.5% over budget and 12.2% above Q1 2013 Passenger airline costs (CPE) trending below budget due to projected lower debt service costs Capital program: forecasting to spend $208 million, or 88% of 2014 annual budget. 7 Activity YTD 2013 YTD 2014 % Change Enplaned Passengers (000's) Domestic 3,348,542 3,451,734 3.1% International 386,510 407,242 5.4% Total 3,735,052 3,858,976 3.3% Operations 69,393 72,832 5.0% Landed Weight (million lbs.) Cargo 293,505 375,394 27.9% All other 4,186,349 4,360,735 4.2% Total 4,479,854 4,736,129 5.7% Cargo - metric tons Domestic freight 37,688 35,497 -5.8% International freight 16,375 22,287 36.1% Mail 11,598 12,241 5.5% Total 65,661 70,025 6.6% 8 Operating Expenses Fav (UnFav) Fav (UnFav) 2013 YTD 2014 Year-to-Date Budget Variance Year-End Projection Budget Variance $ in 000's Actual Actual Budget $ % Budget Forecast $ % Operating Expenses: Payroll 22,020 22,903 24,733 1,830 7.4% 100,399 98,341 2,058 2.0% Outside Services 5,109 5,651 5,696 45 0.8% 31,603 32,643 (1,040) -3.3% Utilities 3,495 4,332 3,797 (535) -14.1% 13,650 13,406 243 1.8% Other Airport Expenses 2,203 2,892 3,058 166 5.4% 15,838 16,376 (538) -3.4% Baseline Airport Expenses (2) 32,827 35,778 37,284 1,506 4.0% 161,490 160,766 724 - 0.4% Airline Realignment (1) 1,306 225 49 (176) -355.8% - 750 (750) n/a Environmental Remediation Liability - - - - n/a 2,356 2,356 - 0.0% Total Airport Expenses (1) 34,133 36,003 37,334 1,330 3.6% 163,846 163,872 (26) - 0.0% Corporate (2) 7,649 9,246 10,503 1,256 12.0% 43,140 42,761 379 0.9% Police Costs 3,751 3,999 4,094 95 2.3% 16,982 16,982 - 0.0% Capital Development/Other Expenses (2) 2,170 2,655 2,878 223 7.7% 15,015 14,244 771 5.1% Total Operating Expense 47,702 51,903 54,808 2,905 5.3% 238,983 237,859 1,124 - 0.5% Notes: (1) Includes Airline Realignment costs incurred by other Divisions (2) Reduced by Airline Realignment costs shown separately 9 Aeronautical Business Fav (UnFav) Incr (Decr) 2013 2014 2014 Budget Variance Change from 2013 $ in 000's Actual Forecast Budget $ % $ % Revenues: Movement Area 73,903 74,317 74,590 (273) -0.4% 414 0.6% Apron Area 7,554 10,203 10,214 (11) -0.1% 2,649 35.1% Terminal Rents 151,167 143,767 144,641 (874) -0.6% (7,400) -4.9% Federal Inspection Services (FIS) 7,422 8,728 8,617 111 1.3% 1,306 17.6% Total Rate Base Revenues 240,047 237,016 238,063 (1,047) -0.4% (3,031) -1.3% Commercial Area 8,487 9,517 9,517 - 0.0% 1,030 12.1% Subtotal before Revenue Sharing 248,534 246,533 247,580 (1,047) -0.4% (2,001) -0.8% SLOA II Other Revenue Sharing (9,901) (7,152) (6,136) (1,016) - -16.6% 2,749 - 27.8% Total Airline Revenues 238,633 239,381 241,443 (2,063) -0.9% 748 0.3% Operating Expense 151,435 151,382 152,055 673 0.4% 53 0.0% Net Operating Income 87,198 87,999 89,389 (1,390) - -1.6% 801 - 0.9% Debt Service 79,197 79,101 80,002 901 1.1% 96 0.1% Net Cash Flow 8,001 8,898 9,386 (488) -5.2% 897 11.2% 10 Non-Airline Business Fav (UnFav) Fav (UnFav) 2013 YTD 2014 Year-to-Date Budget Variance Year-End Projection Budget Variance $ in 000's Actual Actual Budget $ % Budget Forecast $ % Non-Aero Revenues Rental Car 5,044 6,307 6,809 (502) -7.4% 41,167 41,167 - 0.0% Public Parking 12,407 13,470 12,520 950 7.6% 52,138 53,338 1,200 2.3% Ground Transportation 1,954 2,257 1,960 297 15.2% 7,881 7,881 - 0.0% Concessions 8,672 9,645 9,729 (84) -0.9% 43,714 43,714 - 0.0% Other 4,589 4,980 5,109 (129) -2.5% 21,553 22,053 500 2.3% Total Non-Aero Revenues 32,666 36,658 36,126 532 1.5% 166,453 168,153 1,700 1.0% - - - - Non-Aero Expenses RCF Operating Expense 1,353 1,624 1,910 286 15.0% 7,899 7,329 570 7.2% Operating Expense 14,765 16,814 17,264 450 2.6% 74,717 74,606 111 0.1% Share of terminal O&M 4,434 4,927 5,214 287 5.5% 22,619 22,849 (231) -1.0% Less utility internal billing (4,324) (4,577) (4,577) 0 0.0% (18,307) (18,307) - 0.0% Operating Expense 16,228 18,788 19,811 1,023 5.2% 86,928 86,478 451 0.5% Net Operating Income 16,438 17,870 16,315 1,555 9.5% 79,524 81,675 2,151 2.7% Less: CFC Surplus 808 1,352 2,073 721 34.8% (4,623) (5,193) (570) -12.3% Adjusted Non-Aero NOI 17,245 19,222 18,389 833 4.5% 74,902 76,482 1,581 2.1% Debt Service (1) 48,736 48,627 109 0.2% Net Cash Flow 26,166 27,855 1,689 6.5% 0 n/a #REF! n/a Key Measures Total Revenues / Enpl 9.34 9.44 0.10 1.0% Primary Concessions Sales / Enpl (1) 11.52 11.52 - 0.0% Note: (1) Debt service and primary concession sales are forecasted/budgeted on an annual basis only. Thus, quarterly data is not available. 11 Summary Results and Key Measures Fav (UnFav) Incr (Decr) 2013 2014 2014 Budget Variance Change from 2013 $ in 000's Actual Forecast Budget $ % $ % Operating Revenues: Aeronautical Revenues 238,633 239,381 241,443 (2,063) -0.9% 748 0.3% SLOA III Incentive Straight Line Adj (1) 14,304 (3,576) (3,576) - (17,880) -125.0% Non-Aeronautical Revenues 161,075 168,153 166,453 1,700 1.0% 7,078 4.4% Total Operating Revenues 414,011 403,957 404,320 (363) -0.1% (10,054) -2.4% Total Operating Expense 225,920 237,859 238,983 1,124 0.5% 11,939 5.3% Net Operating Income 188,092 166,098 165,337 761 0.5% (21,994) -11.7% Net Non-Operating items paid from ADF (2) (3,663) (2,862) (2,292) (570) 24.9% 802 -21.9% SLOA III Incentive Straight Line Adj (1) (14,304) 3,576 3,576 - 0.0% 17,880 -125.0% Debt Service (127,831) (127,728) (128,738) 1,010 -0.8% 103 -0.1% Net Cash Flow 42,294 39,084 37,883 1,201 3.2% (3,210) -7.6% Key Measures Enplaned Passengers (000s) 17,376 17,813 17,813 0 0.0% 437 2.5% CPE ($) after Revenue Sharing 11.88 12.57 12.68 0.11 0.9% 0.69 5.8% Debt Service Coverage (before Revenue Sharing) 1.40 1.36 1.35 0.02 1.2% (0.04) -3.1% Debt Service Coverage (after Revenue Sharing) 1.33 1.31 1.30 0.01 0.6% (0.02) -1.6% Adjusted Non-Aero NOI 81,573 76,482 74,902 1,581 2.1% (5,091) -6.2% (0) Notes: (1) For Accounting purposes, the 2013 reduction in the airline revenue requirement of $17.9 million was treated as a lease incentive and is being amortized over five years. (2) Per SLOA III definition of Net Revenues 12 Capital Budget $ in 000's 2014 YTD 2014 2014 Budget Variance Description Actual Forecast Budget $ % International Arrivals Fac-IAF 153 5,385 16,000 10,615 66.3% Parking Garage Lights (CA) 3 138 4,000 3,862 96.6% GSE Electrical Chrg Stations 910 8,410 12,000 3,590 29.9% Scty Exit Lane Breach Ctrl-Phase II 1,963 2,563 5,200 2,637 50.7% Checked Bag Recap/Optimization 470 4,720 7,000 2,280 32.6% NS NSAT Renov NSTS Lobbies 845 7,226 8,127 901 11.1% Highline School Insulation - 11,166 11,360 194 1.7% Cargo 2 West Cargo Hardstand 59 7,259 7,300 41 0.6% Aircraft RON Parking USPS Site 209 33,059 33,000 (59) -0.2% All Other 21,697 128,466 133,333 4,867 3.7% Total Spending 26,309 208,392 237,320 28,928 12% 13 Q1 2014 Performance Report Seaport Commission Briefing May 13, 2014 Seaport Q1 2014 Business Overview Full Year Net Operating Income forecasted to exceed budget. Business Volume TEU Volume was 335K, down 13.8% from 2013. Grain volume was at 1,000K metric tons, up 288% from 2013 and 92% favorable to 2014 budget. The 2014 cruise season commenced on Saturday, May 3rd. Pacific International Line (PIL) began calling at the Port of Seattle in March. Federal Maritime Commission approved the discussion agreement filed by the Ports of Seattle and Tacoma. Environmental Preparation for ScRAPS 2 truck scrapping and replacement project are underway for Q2 launch. Terminal 117 and Terminal 91 clean up projects underway. 15 Seaport Q1 2014 Financial Summary Fav (UnFav) Fav (UnFav) 2013 YTD 2014 Year-to-Date Budget Variance Year End Projections $ in 000's Actual Actual Budget $ % Budget Forecast Bud Var Operating Revenue 21,331 21,885 21,963 (78) 0% 101,553 101,421 (132) Security Grants 0 0 0 0 NA 0 0 0 Total Revenues 21,331 21,885 21,963 (78) 0% 101,553 101,421 (132) Seaport Expenses (excl env srvs) 3,174 2,048 4,459 2,411 54% 17,812 16,699 1,113 Environmental Services 332 354 422 69 16% 2,581 2,581 0 Maintenance Expenses 1,562 1,372 1,425 53 4% 6,637 6,308 329 P69 Facilities Expenses 115 101 105 4 4% 414 414 0 Other RE Expenses 66 75 96 21 22% 386 386 0 CDD Expenses 824 519 513 (5) -1% 2,190 2,190 0 Police Expenses 947 1,008 1,033 26 2% 4,286 4,286 0 Corporate Expenses 2,604 1,752 2,055 302 15% 8,440 8,350 90 Security Grant Expense 4 0 0 0 NA 0 0 0 Envir Remed Liability 0 0 0 0 NA 1,180 1,180 0 Total Expenses 9,628 7,229 10,109 2,880 28% 43,926 42,394 1,532 Net Operating Income 11,703 14,656 11,854 2,802 24% 57,626 59,026 1,400 Major Expense Variance: Terminal 5 Maintenance Dredge project costs coming in below budget and T91 Maintenance Dredge project delayed until 2015. 16 Seaport Capital Q1 2014 $ in 000's 2014 YTD 2014 2014 Budget Variance Actual Forecast Budget $ % Seaport 1,652 22,521 27,858 5,337 19% Significant Variances: T46 Development - $4.2M moved out due to reprioritization of projects. T18 Dock Rehabilitation $.6M timing moved out due to reprioritization of projects. 17 Q1 2014 Performance Report Real Estate Commission Briefing May 13, 2014 Real Estate 1st Quarter Business Overview Full Year Net Operating Income forecasted to exceed budget. Occupancy Rates/Activity Commercial property at 90% occupancy, below target of 92% but above 2014 Q1 Seattle market average of 88%. Marinas: Fishermen's Terminal and Maritime Industrial Center at 85% average occupancy, above target of 82%. Recreational marinas at 95%, on target. Conference and Event Center activity below budget due to significant new competitive challenges and perceived impact of waterfront transportation projects. Real Estate Development & Planning Des Moines City Council approved a revised second development agreement in February for the Des Moines Creek Business Park project. Tsubota Steel site request for offers issued. Submitted offers under review. Eastside Rail Corridor Commission authorized the sale of approximately 12 mile section of the corridor to Snohomish County. Sale is scheduled to close in 2014. Port is in discussions to sell last remaining, approximately 3 mile section, to the City of Woodinville. Washington State Supreme Court affirmed trial court's dismissal of all substantive claims in Lane's case. 19 Real Estate Q1 2014 Financial Summary Fav (UnFav) Fav (UnFav) 2013 YTD 2014 Year-to-Date Budget Variance Year End Projections $ in 000's Actual Actual Budget $ % Budget Forecast Bud Var Revenue 5,415 5,621 5,534 87 2% 23,244 23,360 116 Conf & Event Ctr Revenue 2,109 1,556 1,865 (309) -17% 8,132 8,132 0 Total Revenue 7,524 7,177 7,399 (222) -3% 31,376 31,492 116 Real Estate Exp(excl Co nf,Maint,P 69) 2,374 2,495 2,752 257 9% 11,553 11,553 0 Conf & Event Ctr Expense 1,751 1,422 1,582 160 10% 6,858 6,858 0 Eastside Rail Corridor 20 15 30 15 50% 170 170 0 Maintenance Expenses 1,735 1,904 2,196 292 13% 9,311 9,211 100 P69 Facilities Expenses 39 31 32 1 3% 126 126 0 Seaport Expenses 222 207 244 37 15% 1,310 1,310 0 CDD Expenses 210 481 551 70 13% 2,582 2,582 0 Police Expenses 313 328 335 8 2% 1,391 1,391 0 Corporate Expenses 1,091 1,143 1,319 176 13% 5,417 5,383 34 Envir Remed Liability 0 0 0 0 NA 600 600 0 Total Expense 7,756 8,026 9,041 1,015 11% 39,320 39,186 134 Net Operating Income (232) (848) (1,641) 793 48% (7,944) (7,694) 250 Conference and Event Center activity below budget impacted by new competitive challenges and perceived impact of waterfront transportation projects. 20 Real Estate Capital Q1 2014 $ in 000's 2014 YTD 2014 2014 Budget Variance Actual Forecast Budget $ % Real Estate 1,308 17,581 18,101 520 3% Significant Variances: Pier 69 North Apron Corrosion Control project closeout costs lower than expected. No change orders and contingency not needed. 21 Q1 2014 Performance Report Capital Development Commission Briefing May 13, 2014 Q1 2014 Key Business Events NorthSTAR design charette completion for North Satellite (NSAT), construction contract award for C concourse vertical circulation. Gained Agency Approval for General Contractor/Construction Manager (GC/CM) and Design-Build (DB) valid for 3 years. Hosted a Northwest Construction Consumer Council (NWCCC) construction management student competition. PCS had seventy active projects during the first quarter. Key projects included, relocation of EGSE charging stations, federal inspection station renovations (FIS), Gate S16 passenger loading bridge, noise remedy program, automated passport controls, cell phone lot, Fishermen's Terminal net shed renovation and North Satellite baggage installation. Substantial completion on the Terminal 5 Maintenance Dredging Project. Beneficial Occupancy issued for the Pier 69 Corrosion Control Project. 23 Q1 Capital Development Key Metrics Project Hard/Soft Costs CDD Construction Soft Costs % 100% 90% 32% 31% 80% 30% 29% 26% 70% 60% 50% 40% 68% Total Soft Costs 30% 69% 70% 71% 74% Total Construction Costs 20% 10% 0% Q3 2012 - Q2 2013 Q4 2012 - Q3 2013 Q1 2013 - Q4 2013 Q2 2013 - Q1 2014 Q2 2011 - Q1 2014 (36 month average) 24 Capital Development Key Metrics continued Procurement Timeliness Total Time Receipt of Scope to Execution (Avg # Days) 2013 2014 Goods & Services 55 days 22 days Major Public Works 78 days 67 days Small Works 56 days 37 days Service Agreements 169 days 189 days 25 Q1 Operating Results by Account Fav (UnFav) Incr (Decr) 2013 YTD 2014 Year-to-Date Budget Variance Change from 2013 $ in 000's Actual Actual Budget $ % $ % Salaries & Benefits 3,474 3,550 4,005 455 11.4% 76 2.2% Wages & Benefits 226 255 311 56 18.0% 28 12.5% Payroll to Capital Projects 3,294 4,087 4,071 (16) -0.4% 793 24.1% Equipment Expense 98 109 157 47 30.2% 11 11.6% Supplies & Stock 144 146 124 (22) -18.1% 3 1.8% Outside Services 389 690 1,641 951 58.0% 301 77.5% Utilities 11 11 20 8 43.0% () -1.4% Travel & Other Employee Exps 57 38 119 81 68.3% (19) -34.0% Promotional Expenses () -98.0% 0.0% Other Expenses 516 516 88 (428) -484.1% 0.0% Charges to Capital Projects (5,176) (6,187) (7,097) (910) 12.8% (1,011) 19.5% TOTAL 3,034 3,217 3,439 222 6.5% 183 6.0% 26 Q1 Capital Development Financials Summary Fav (UnFav) Fav (UnFav) 2013 YTD 2014 Year-to-Date Budget Variance Year-End Projections $ in 000's Notes Actual Actual Budget $ % Budget Forecast Bud Var Total Revenues 5 12 - 12 0.0% - - - Expenses Before Charges To Cap/Govt/Envrs Propects Capital Development Administration 90 94 99 5 4.7% 404 404 - Engineering 3,026 3,359 3,802 443 11.7% 15,878 15,714 164 Port Construction Services 1,498 2,120 1,895 (225) -11.9% 7,556 7,556 - Central Procurement Office 1,177 1,073 1,312 239 18.2% 5,332 5,297 35 Aviation Project Management 1,846 2,014 2,748 734 26.7% 13,260 13,260 - Seaport Project Management 573 743 680 (63) -9.3% 3,236 3,236 - Total Before Charges to Capital Projects 8,210 9,404 10,536 1,132 10.7% 45,666 45,466 200 27 Q1 2014 Performance Report Corporate Commission Briefing May 13, 2014 Q1 Key Business Events Expanded the live music program at the Airport Began recruitment for the 13th class of veteran fellows Kicked-off 2014 internal internship program Launched a cloud platform Learning Management System successfully Upgraded the Access Control Network System Collaborated with the Port of Tacoma for the Economic Impact Study procurement/contract Selected Wells Fargo for our Banking Services Began the Citizen's Academy by Police Department 29 Q1 Corporate Key Metrics Airport Jobs helped 197 people gain employment Provided 23 Apprenticeship Opportunity Project Placements Conducted 9 small business and workforce development outreach events Registered 50 new small businesses to the Procurement Roster Management System (PRMS) Responded to 83 public disclosure requests Provided orientation to 29 new employees Provided development classes to 39 employees 30 Q1 Operating Results by Account Fav (UnFav) Incr (Decr) 2013 YTD 2014 Year-to-Date Budget Variance Change from 2013 $ in 000's Actual Actual Budget $ % $ % Salaries & Benefits 8,698 9,249 9,688 439 4.5% 551 6.3% Wages & Benefits 4,646 4,503 4,835 332 6.9% (143) -3.1% Payroll to Capital Projects 797 565 735 170 23.1% (232) -29.1% Equipment Expense 141 219 269 50 18.6% 78 54.8% Supplies & Stock 68 67 141 73 52.1% (1) -1.6% Outside Services 1,675 1,958 2,779 821 29.5% 283 16.9% Travel & Other Employee Exps 499 423 766 343 44.7% (76) -15.2% Insurance Expense 534 536 575 39 6.7% 2 0.4% Litigated Injuries & Damages (8) 20 - (20) n/a 28 -344.2% Other 328 719 677 (41) -6.1% 390 118.9% Charge to Capital (797) (565) (735) (170) 23.1% 232 -29.1% Total 16,583 17,695 19,731 2,035 10.3% 1,112 6.7% 31 Q1 Corporate Financials Summary Fav (UnFav) Fav (UnFav) 2013 YTD 2014 Year-to-Date Budget Variance Year-End Projection Budget Variance $ in 000's Actual Actual Budget $ % Budget Forecast $ % Total Revenues 68 83 39 44 114.8% 155 155 - 0.0% Executive 442 441 510 68 13.4% 1,818 1,818 - 0.0% Commission 209 237 436 200 45.8% 1,645 1,645 - 0.0% Legal 698 700 861 162 18.8% 3,264 3,215 50 1.5% Risk Services 672 720 793 73 9.2% 3,173 3,143 30 0.9% Health & Safety Services 259 246 302 56 18.4% 1,190 1,186 4 0.4% Public Affairs 1,199 1,215 1,663 448 26.9% 6,069 5,967 102 1.7% Human Resources & Development 1,173 1,225 1,318 93 7.1% 5,655 5,636 19 0.3% Labor Relations 311 295 336 41 12.3% 1,319 1,281 38 2.9% Information & Communications Technology 4,257 4,651 4,721 70 1.5% 20,850 20,850 - 0.0% Finance & Budget 353 436 609 173 28.4% 1,856 1,827 30 1.6% Accounting & Financial Reporting Services 1,376 1,412 1,691 279 16.5% 7,081 6,974 106 1.5% Internal Audit 291 300 314 14 4.5% 1,422 1,501 (79) -5.6% Office of Social Responsibility 215 444 664 220 33.1% 2,187 2,230 (43) -2.0% Police 5,069 5,374 5,463 88 1.6% 22,658 22,613 45 0.2% Contingency 60 - 50 50 100.0% 450 250 200 44.4% Total Expenses 16,583 17,695 19,731 2,035 10.3% 80,637 80,135 501 0.6% 32
Limitations of Translatable Documents
PDF files are created with text and images are placed at an exact position on a page of a fixed size.
Web pages are fluid in nature, and the exact positioning of PDF text creates presentation problems.
PDFs that are full page graphics, or scanned pages are generally unable to be made accessible, In these cases, viewing whatever plain text could be extracted is the only alternative.