Page 193 - City of Fort Worth Budget Book

Special Revenue Fund Alliance Maintenance Facility

FUND SUMMARY

FY2023 FY2024 FY2024 FY2025 Change from Adopted
Final Adopted Adjusted Rec. Amount %
Revenues
Charge for Service 403,447 443,794 443,794 454,140 10,346 2.3 %
Use of Money & Property 1,704,783 3,121,261 3,121,261 1,735,000 (1,386,261) -44.4 %
Other 4,765,502 4,397,805 4,397,805 7,580,542 3,182,737 72.4 %
Use of Fund Balance — 274,903 274,903 — (274,903) -100.0 %
Total Revenues 6,873,732 8,237,763 8,237,763 9,769,682 1,531,919 18.6 %

Expenses
Gen Operating & Maintenance 7,997,896 7,477,763 7,477,763 8,149,735 671,972 9.0 %
Transfer Out & Other 750,000 760,000 760,000 1,619,947 859,947 113.2 %
Total Expenses 8,747,896 8,237,763 8,237,763 9,769,682 1,531,919 18.6 %
Grand Total $ (1,874,164) $ — $ — $ — $ — — %

FUND PURPOSE AND GOALS
In 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 the management of the Facility for each Fiscal Year. The budget is used as a guide for the
actual operational costs on an annual basis.

The objective and goal each year is to continue to identify, negotiate, and execute long term leases to increase
lease revenues and utility reimbursements to the City to operate the Facility; and, with new leases, increase
tenant contributions to the Capital Reserve fund for the Central Utility Plant (CUP) to fund capital improvements
as needed to the CUP resulting in the reduction of operational expenses.

FY2025 DISCUSSION AND SIGNIFICANT CHANGES

The Recommended Budget:
• Increases by 1,619,947 for the contribution to fund balance.

• Increases by $1,323,847 in contractual commitments due to inflationary and growth factors.
• Decreases by ($760,000) in Capital Interfund Transfer Out for Capital Improvement Projects.
• Decreases by ($651,875) in General Operating & Maintenance for electricity and other utility costs.

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