Page 175 - Fort Worth City Budget 2019

Special Revenue Fund

Alliance Maintenance Facility

FUND SUMMARY

FY2017 FY2018 FY2018 FY2019 Change from Adopted
Final Adopted Adjusted Adopted Amount %
Use of Money & Property 978,454 453,667 453,667 453,667 - 0.00%
Other 1,723,394 2,094,861 2,094,861 2,094,861 - 0.00%
Transfer In 400,000 - - - - 0.00%
Use of Fund Balance - 3,648,948 3,648,948 3,648,948 - 0.00%
Revenue $ 3,101,848 $ 6,197,476 $ 6,197,476 $ 6,197,476 $ - 0.00%

Gen Operating & Maintenance 5,412,847 6,197,476 6,197,476 6,197,476 - 0.00%
Expenses $ 5,412,847 $ 6,197,476 $ 6,197,476 $ 6,197,476 $ - 0.00%

FUND PURPOSE AND GOALS
On February 2015, the Alliance Airport Authority, Inc. transferred ownership of the Alliance Fort Worth
Maintenance Base (Facility) to the City of Fort Worth as approved by the City Council (M&C L- 15748).

As part of the transfer of ownership of the Facility, the parties agreed that all contracts and agreements relating
to the operations, maintenance, property management and leases of the Facility would be assigned to the City of
Fort Worth. This assignment includes the property management agreement (City Secretary Contract No. 46423)
with AFWM Services, LLC, which will be administered under the direction of the Property Management
Department.

The property management agreement requires AFWM Services, LLC, to provide the City of Fort Worth an
operating budget for management of the Facility for each Fiscal Year. The budget is used as a guide for the actual
operational costs on an annual basis.

MAJOR ACCOMPLISHMENTS
Roll Royce Lease: Successful execution of the Rolls Royce Lease for 10 years with two five-year renewals worth
approximately $4,000,000 base rent over the 10 year term with additional utility reimbursable costs to the City
resulting from their use of the Central Utility Plant.

Parking Leases: Several temporary parking leases worth approximately $500,000 in lease revenues over the term
of the agreements which roll over from FY2018 to FY2019.

Central Utility Plant Improvements: Installation of the new compressor at the Central Utility Plant that could save
the City an average of approximately $30,000 in utility costs per month.

FY2019 DISCUSSION
There are no significant changes in service level represented in the FY2019 Adopted budget.

HORIZON ISSUES
The following issues for FY2019 are expected to result in some level of budgetary and/or operational impact over
the next one to five years. The issues listed are often in the preliminary or problem identification stage, could pose

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