EXECUTIVE DIRECTOR’S REPORT TO THEcdn.portofportland.com/pdfs/Feb17_EDRpt-Comb.pdf · 2017. 3. 3. · Capers Café & Catering Company DBA Capers Café – Se venth Amendment to

EXECUTIVE DIRECTOR’S REPORT TO THE

PORT OF PORTLAND COMMISSION FOR FEBRUARY 2017

SAFETY REPORT

Port of Portland January 2017 frequency of incidents was significantly higher compared to January 2016. Although January 2017 had a higher number of incidents, we saw a reduction in severity of the claims. There were eleven reported incidents that occurred in January, and of those incidents, none have resulted in a claim. There was one lost time incident, which resulted in a claim that was reported in January 2017; however, the incident occurred in December 2016. Monthly Report of Injury Incidents

Administrative

One non-recordable incident:

• Worker slipped on water in the food court of the Oregon Market and fell, injuring a knee. Aviation

One lost-time recordable incident:

• Worker was standing next to a pump panel and discharge hose during a drill. The hose pressure was adjusted and the hose flexed, pinning the worker’s lower leg against the pump. This incident occurred in December 2016.

Seven non-recordable incidents:

• Worker was in a break room and had onset of burning in throat and difficulty breathing.

• Worker smashed thumb while engaged in extinguishing and overhaul activities for a vehicle fire.

• Worker was checking equipment on a roof, slipped on ice and fell, sustaining an abrasion to back and hand.

• Worker was struck in forearm and ankle while taking an uncooperative suspect into custody.

• Worker was working on equipment on a roof, slipped on ice and fell, straining knee and ankle.

• Worker was having difficulty controlling breathing

• Worker sustained a small abrasion/laceration after being struck on the face by shrapnel. Worker was at the firing range, and it is unclear whether the metal fragment ricocheted from an ejected casing strike or the target backstop.

2

Marine

Three non-recordable incidents:

• While driving at Terminal 4, a worker struck a train de-railer that was buried in the snow, causing a hand and wrist to hit an unknown part inside the vehicle and sustain a contusion.

• Worker slipped on ice while walking and fell, straining neck, back and hip.

• Worker was cutting plastic tubing when the knife slipped and cut the worker’s fingers.

3

AVIATION REPORT

Month/Month % Change FYTD % Change

January July-January

Passengers 5.0% 7.7%

Concessions Revenue 17.7% 13.0%

Rental Car Revenue 3.5% 4.2%

Parking Revenue 1.6% 4.2%

Passengers

Passenger volumes increased 5.0 percent in January 2017, compared to January 2016. Seat capacity increased 4.7 percent, with the load factor gaining 0.2 points to 78.8. This is the second consecutive month that has been negatively affected by a snow event; the January 10 storm dropped a foot of snow in the surrounding areas. Concessions Revenue

Combined terminal concessions operations reported a 17.7 percent, or $172,000, rent increase on the month, against a 5.0 percent passenger increase. This is due primarily to 51.0 percent growth in the quick-serve category of food and beverage operations.

4

Rental Car Revenue

Rental car operations reflect a 4.2 percent, or $545,000, rent increase year-to-date over last year, against a year-to-date passenger increase of 8.0 percent through January. Parking Revenue by Lot

Parking revenue was up 1.2 percent over January 2016. Valet and short-term garage revenue continue to have strong growth month over month. The winter storm event and subsequent cancelled flights in mid-January may have contributed to the negative revenue variance in the economy lot, and corresponds with the 2.3 percent decrease in transactions in the lot. System-wide, public parking transactions were down 7.1 percent.

Product Revenue Variance YTD Variance

Short-Term $1,427,373 4.6% 6.1%

Long-Term $1,692,719 0.2% -1.1%

Economy $1,558,367 -1.6% 7.0%

Valet $119,150 17.9% 19.5%

Total $4,797,609 1.2% 4.1%

Ground Transportation

Overall revenue is up 43.1 percent in January 2017, compared to January 2016. Fiscal-year 2017 total revenue is $2,470,338.

Taxi Trips

TNC Pick-ups

Charter Bus

Reservation-Only Trips

Fixed Route Courtesy Total

Jan 2016 27,230 17,963 134 7,607 2,559 28,051 81,645

Minus TNC

Jan 2017 23,228 48,274 90 7,557 2,178 28,244 109,571 61,297

-14.7% 168.7% -32.8% -0.7% -14.9% 0.7% 31.2% -26.6%

CAPITAL GRANTS

Portland International Airport

Staff submitted a reimbursement request to the Transportation Security Administration for the Law Enforcement Officer (LEO) program in the amount of $12,400.00 (Agreement No. HSTS0213HSLR647).

Staff submitted a reimbursement request to TriMet for the LEO program in the amount of $14,708.59 (Agreement No. GS150820LG).

Staff submitted a reimbursement request to the Federal Bureau of Investigation for the Joint Terrorist Task Force program in the amount of $1,440.95 (Agreement No. 03-026).

5

Marine

Staff submitted a reimbursement request to the Oregon Department of Transportation (ODOT) for ConnectOregon V – Terminal 6 Crane Drive Electronics project in the amount of $29,066.65 (Agreement No. 30128). Properties

Staff submitted a reimbursement request to ODOT for the Graham/Swigert Road Jobs and Transportation Act Project in the amount of $592,939.67, covering the August 2016 work period (Agreement No. 28368).

MARINE & INDUSTRIAL DEVELOPMENT REPORT The figures in the table below show change relative to the prior year.

January 2017 Fiscal Year-to-Date

Total Tonnage 26.6% 46.7% Containers (TEU) -100.0% -100.00% Import Full Containers -- -- Export Full Containers -100.0% -100.0% Breakbulk -100.0% -88.0% Autos 31.8% 10.5% Mineral Bulk 62.0% 39.0% Grain 5.9% 71.1%

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REAL ESTATE TRANSACTIONS EXECUTED PURSUANT TO DELEGATED AUTHORITY Capers Café & Catering Company DBA Capers Café – Seventh Amendment to Food and Beverage Concession Lease Location: Portland International Airport (PDX)

Term: January 25, 2017 to June 30, 2019

Use: Amendment No. 7: This amendment extends the term for one additional year and adds an option to extend for one year.

Host International, Inc. – Fourth Amendment to Food and Beverage Concession Lease Location: PDX

Term: Effective January 20, 2017

Use: Amendment No. 4: This amendment extends the term of the lease for five and a half additional months.

Host International, Inc. – Second Amendment to Food and Beverage Concession Lease Location: PDX


Use: Amendment No. 2: This amendment extends the term of the lease for two additional months.

7

Project Horizon, Inc. DBA InMotion Entertainment – Third Amendment to Retail Concession Lease Location: PDX


Use: Amendment No. 3: This amendment extends the term for an additional seven months. Todd Investment Company DBA Dollar Rent-A-Car – Third Amendment to Rental Car Concession Lease and Operating Agreement Location: PDX

Term: January 01, 2017 to August 31, 2020

Use: Amendment No. 3: This amendment extends the term to accommodate the construction of the new Quick Turn-Around Facility (QTA) and to last until the construction of the Parking Additions and Consolidated Rental Car Facility (PACR).

Todd Investment Company DBA Dollar Rent-A-Car – Second Amendment to Facility Lease Location: PDX


Use: Amendment No. 2: This amendment extends the term to accommodate the construction of the new QTA and to last until the construction of the PACR.

Avis Budget Car Rental, LLC – Third Amendment to Rental Car Concession Lease and Operating Agreement Location: PDX



Avis Budget Car Rental, LLC – Second Amendment to Facility Lease Location: PDX



The Hertz Corporation – Third Amendment to Rental Car Concession Lease and Operating Agreement Location: PDX



The Hertz Corporation – Second Amendment to Facility Lease Location: PDX



8

EAN Holdings, LLC DBA National Car Rental and Enterprise Rent-A-Car – Third Amendment to Rental Car Concession Lease and Operating Agreement Location: PDX



EAN Holdings, LLC DBA National Car Rental and Enterprise Rent-A-Car – Second Amendment to Facility Lease Location: PDX



EAN Holdings, LLC DBA National Car Rental – Third Amendment to Rental Car Concession Lease and Operating Agreement Location: PDX



EAN Holdings, LLC DBA National Car Rental – Second Amendment to Facility Lease Location: PDX



DTG Operations, Inc. DBA Thrifty Car Rental – Third Amendment to Rental Car Limited Service Kiosk Lease Location: PDX



EAN Holdings, LLC DBA Alamo Rent-a-Car – Third Amendment to Rental Car Limited Service Kiosk Lease Location: PDX



9

Budget Rent A Car Systems, Inc. – Fourth Amendment to Rental Car Limited Service Kiosk Lease Location: PDX



SkyWest Airlines, Inc. – First Amendment to Facility Lease Location: PDX

Term: January 01, 2017 to December 31, 2017

Use: Amendment No. 1: This amendment adds options to provide for an extension of the lease.

Distribution, Inc. DBA FTL, Inc. – Second Amendment to Ground Lease for Excess Parking Location: PDX

Term: December 01, 2016 to November 30, 2018

Use: Amendment No. 2: This amendment extends the lease for two years. The Hertz Corporation – First Amendment to Permit and Right of Entry Location: PDX

Term: Effective December 01, 2016

Use: Amendment No. 1: This amendment replaces the premises. Portland Timbers – Third Amendment to Corporate Parking Agreement Location: PDX


Use: Amendment No. 3: This amendment extends the term for one year. New Tower Trust Company Multi-Employer Property Trust – Consent to Sublease to Ground Lease Location: Portland International Center


Use: Consent to sub-sublease with VERITIV Operating Company. USA-DOT-FAA – Supplemental Lease Agreement No. 004 to Ground Lease Location: PDX


Use: This agreement exercises an option to extend the term to 2027 and basic rent is adjusted according to the Consumer Price Index.

City of Portland – First Amendment to Water System Easement Location: PDX


Use: Amendment No. 1: This amendment changes the easement area.

10

Capstone Partners LLC – First Amendment to Permit and Right of Entry Location: Marine Drive

Term: January 01, 2017 to June 20, 2017

Use: Amendment No. 1: This amendment extends the term and expands the scope of work. City of Portland – Water Facility Easement Location: PDX


Use: This easement allows the Portland Water Bureau to construct, access, operate, inspect and maintain a water system on Port property.

Intel Corporation – Permit and Right of Entry Location: Hillsboro Airport


Use: Permit for the purpose of parking motor vehicles in connection with Intel's operations. Blue Chalk Media, LLC – Permit and Right of Entry for Photography and Filming Location: PDX

Term: January 18, 2017 to January 18, 2017

Use: Permit for filming in various areas of PDX. Auto Warehousing Company – Water Supply Agreement Location: Rivergate


Use: Agreement for the provision of non-potable water for onsite construction and landscaping under the Port's permit from the Oregon Water Resource Department at AWC's Rivergate site.

Multnomah County, Oregon – Permit and Right of Entry Location: PDX

Term: January 23, 2017 to April 15, 2017

Use: Permit for the purpose of conducting studies, testing and investigating the levee along NE Marine Drive.

Sky Chefs, Inc. – PDX Cargo Center Facility Lease Location: PDX

Term: November 01, 2016 to October 31, 2019

Use: Lease for the purpose of warehouse, distribution and light beverage assembly. Aviation General Partner Inc. – Affiliate Passenger Carrier Operating Agreement Location: PDX

Term: July 01, 2015 to June 30, 2025

Use: Agreement with Aviation General Partner/Jazz Aviation to operate at the airport and to use certain facilities for the purpose of carrying passengers and property on behalf of Air Canada.

Contracts Over $50,000 Pursuant to Delegated Authority

Monthly Report for February 2017 (January Activity)

TitleRequestor

DepartmentVendor Name

P.O. Amount

Purchase three Genie lifts for use at PDX Maintenance.

PDX Maintenance Herc Rentals, Inc,

$53,748

Obtain consulting services for the replacement of the P1 parking garage automated parking guidance system.

Engineering Project Development

20/20 Parking Consultants LLC

$55,465

Purchase one JLG boom lift for use at PDX Maintenance.

PDX Maintenance Herc Rentals, Inc.

$141,919

Obtain recruiting services. Human Resources McDermott & Bull Executive Search

$160,000

Obtain construction of weir for improved drainage water management.


Sandy Drainage Improvement Company

$160,250

Obtain improvements to Hood Avenue related to the Gresham Vista Business Park (GVBP).


City of Gresham $193,551

New Purchases

APPROVAL LIMITS (Administrative Policy 7.2.3)

All expenditures require management approval:

BUDGET Approval by Directors Up to $ 50,000

APPROVAL Approval by Chief Officers Up to $250,000

Approval by Executive Director & Deputy Executive Director Unlimited

Contracting authority is limited to the following:

CONTRACTING Chief Officers Up to $ 10,000

APPROVAL Buyers Up to $ 50,000

Manager of Contracts & Procurement Up to $ 250,000*

Executive Director & Deputy Executive Director Up to $ 500,000**And any amount approved by Commission

TitleRequestor


Original Amount

Previous Changes to

Contract

Current Change to Contract

New Contract Total

Change orders #1-14 to obtain additional construction services for the PDX Post Security Concessions Utilities Phase 3 and Grease Separation Project.


Slayden Constructors, Inc.

$15,170,000 $68,156 $15,238,156

Administrative action to add funds to obtain continued usage of City's computer aided dispatch system for emergency services.

Information Technology

City of Portland $9,820 $487,748 $102,736 $600,304

Amendment #1 to obtain continued maintenance of property drainage systems.

Planning & Development

Multnomah County Drainage District #1

$313,000 $128,158 $441,158

Change orders #1-30 to obtain additional construction services for the Economy Exit Plaza Replacement Project at PDX.


Payne Construction, Inc.

$1,682,312 $223,030 $1,905,342

Amendment #2 to obtain additional construction support services for the PDXNext Terminal Core Redevelopment Project.


Turner Construction Company

$872,132 $1,336,645 $305,415 $2,514,192

Change orders #76-90 and #92-97 for additional site improvement construction services related to the Troutdale Reynolds Industrial Park.


Goodfellow Brothers, Inc.

$17,441,435 $3,512,134 $724,294 $21,677,863

TitleRequestor


Original Task Order Amount

Previous Changes to Task

Order

Current Change to Task Order

New Task Order Total

Total Contract Activity -

All Task Orders

Task order against contract #994 for design services for the Airport Way Frontage Rd Rehab. Project.


Walsh Consulting Group LLC

$53,745 $53,745 $500,704

Change Orders and Amendments to Project-Specific Contracts

Contracts in this category are initially awarded with a specific work scope and an identified not-to-exceed project total.

New Task Orders and Changes to Task Orders Against Non-Project Specific Contracts

Items in this category are issued against contracts that were initially awarded with no specific work scope or product quantity identified (e.g., "requirements" or "on-call" contracts). These contracts establish pricing or rates for products or work that may be needed over a stated term. Estimated quantities may be identified, but no guarantee of actual contract compensation or work is made. Contract durations may be short-term or for multiple years with optional renewal/extension terms.

Task order against contract #1045 to obtain the development of larval lamprey sampling equipment and methodology.

Environmental Hart Crowser, Inc.

$59,888 $59,888 $187,001

Task order against contract #858 to obtain consulting services for the Taxiway K Rehabilitation Project.


Cornforth Consultants, Inc.

$61,445 $61,445 $118,552

Task order against contract #952 to obtain grease collection and disposal at PDX.

Environmental Terra Hydr, Inc. $75,000 $75,000 $784,927

Task order against contract #928 to obtain analysis and development of a Safety Management System implementation plan.

Airport Operations Leighfisher, Inc. $100,962 $100,962 $587,901

Amendment #3 to task order against contract #976 to obtain additional construction services related to the Post-Security Concessions Revelopment Project.


Viking Engineering & Construction

$43,474 $80,132 $105,832 $229,438 $954,916

Task order against contract #952 to obtain grease interceptor cleaning and inspection services at PDX.

Environmental Terra Hydr, Inc. $150,000 $150,000 $784,927

Task order against contract #928 for consulting services in support of the PDX rental car program.

Airport Properties Leighfisher, Inc. $181,779 $181,779 $587,901

Task order against contract #1050 to obtain consulting services for reducing wildlife hazards to aircraft operations.

Environmental Pacific Habitat Services, Inc.

$237,500 $237,500 $369,081

Task order against contract #973 to obtain construction of electrical infrastructure at the GVBP.


Andersen Construction Company

$341,243 $341,243 $2,089,199

Task order against contract #973 to obtain construction services for the Marine Terminal 4 High Mast Lighting Project.


Andersen Construction Company

$532,160 $532,160 $2,089,199

Port of Portland Operating & Financial Results

FY 2016-17 through January 31, 2017

General Fund

Marine

Marine Volumes* Annual

Adopted

Budget

Actual

AmountsVariance

Adopted

Budget

Autos (Units) 178,629 183,492 2.7% 309,000Breakbulk 69,446 7,964 (88.5%) 132,277Containers (TEUs)Grain Bulk 2,058,606 2,870,519 39.4% 3,527,396Mineral Bulk 2,777,413 3,290,250 18.5% 5,141,179

* Volumes in short tons unless otherwise noted.

Industrial Development

Navigation

Current Year to Date

The General Fund includes Marine, Industrial Development, Navigation, General Aviation, Environmental, Financial &

Administrative Services, Executive, Public Affairs, Human Resources, Legal, and Project & Technical Services (IT,

Engineering, and the Project Portfolio Office).

Operating revenues are $10.1M lower than the Revised Budget primarily due to the timing of land sales. Excluding

land sales, operating revenue is $450K over budget.

YTD operating expenses excluding depreciation are $11.8M lower than the Revised Budget also due to the timing of

land sales. Excluding land sales, operating expenses are $6.2M below budget.

The key variances are listed below:

• Contracts, professional & consulting services expenses ($5.7M < budget).

• Personnel services ($215K > budget).

• Cost of property sold ($5.6M < budget).

• Equipment rental, repair and fuel expenses ($919K < budget).

• Travel and management expenses ($566K < budget).

• Materials and Supplies ($228K < budget).

$58

$47

$11 $11

$0

$48

$35

$13 $11

$2

$(10)

$0

$10

$20

$30

$40

$50

$60

$70

Op Revenue Op Exp Excl

Deprec

OIBD Deprec Op Inc / (Loss)

Millions

General Fund

Curr Mo Budget Curr Mo Actual YTD Budget YTD Actual

$15

$13

$2

$5

$(3)

$15

$11

$4$6

$(1)

$(5)

$0

$5

$10

$15

$20


Deprec


Millions

Marine


Marine Volumes:

Autos – Auto volumes are 2.7% higher than forecast YTD with volumes YTD being 10.5% higher than last year due to

continued growth in both Hyundai and Honda imports, as well as Ford exports.

Breakbulk – YTD tonnage is 88.5% lower than forecast and 93.6% below last year as there were no ship calls at T 2

until October, with no other activity for the Fiscal Year.

Containers – Until container service resumes, there will be no TEU variances to report.

Grain Bulk – YTD grain volumes are 39.4% higher than forecast and 71.1% higher than last year primarily because

production is up nationally (no drought or disease hurting crops). Also, Columbia River locks closed in December for

maintenance spanning three months, so upriver wheat growers moved their cargo earlier in the year so that it would

not be tied up in their silos for several months.

Mineral Bulk – Tonnage is 18.5% higher than forecast and 38.7% higher than last year. Portland Bulk was offline for

the first two months of last fiscal year during the installation of the new potash shiploader.

YTD operating revenues are $9.5M lower than the Revised Budget due to the timing of land sales. The budget

assumed $5.7M in proceeds for the sale TRIP Lots 11 & 12 to BPA in August, as well as the $4.9M for the sale of

Daimler parcel 8 in November. These sales have not yet closed. $1.2M of Rent Revenues For Tenex and Georgia

Pacific have been transfered from Marine to Industrial Development.

YTD operating expenses excluding depreciation are $5.7M lower than the Revised Budget, with the largest variances

listed below:

• Cost of property sold is $5.6M < budget (Daimler parcel 8 is $884K < budget, TRIP is $4.4M < budget, Gresham

Vista is $ $303K < budget)

• Contracts, professional & consulting services are $508K < budget due to a credit for a Tidewater barge sublease

($151K; offsets a payment for the Port's lease with DSL that has not yet posted). Remainder primarily from timing

of design review and appraisal, mitigation, and Hayden Island and general environmental expenses.

$31

$21

$10

$0

$10

$21

$15

$6

$0

$6

$(5)

$0

$5

$10

$15

$20

$25

$30

$35


Deprec


Millions

Industrial Development


YTD operating expenses excluding depreciation are $745K lower than the Revised Budget due to 32 fewer dredging

days than budgeted (safety stand down delayed the start of the dredging season to late July). Lower operating

expenses translate into lower operating revenues, which are $949K < budget.$10

$9

$1 $1$0

$9

$8

$1 $1

$(0)

$(2)

$0

$2

$4

$6

$8

$10

$12


Deprec


Millions

Navigation


Marine Operating Results:

YTD operating revenues are $154K higher than the Revised Budget due to higher than anticipated grain bulk revenues

($344K > budget) and South Rivergate rail access fees ($469K > budget; the rail access fees were expected to move to

the balance sheet at beginning of FY 16 17). Auto volumes have increased revenues ($403K > budget). These

increases are offset by $1.2M of Lease Revenues budgeted to T 5 (Tenex and Georgia Pacific) have been transfered from

Marine to Industrial Development. YTD operating expenses excluding depreciation are $2.1M less than budget, with the

largest variances listed below:

• Contracts, professional & consulting services are $1.1M < budget due to timing of T 4 and other Marine

environmental expenses (~$751K) and outside services expenses for waterway/navigation improvements ($210K <

budget; includes contribution for additional stern buoys in the Columbia River and LOADMAX fees).

• Utilities expenses are $65K < budget due to timing, primarily of Electric Power expenses.

• Travel and management expenses are $153K < budget.

• Materials and supplies expenses are $90K < budget, primarily in the Electrical Maintenance, Crane Shop and

Security business units.

• Insurance expenses are $140K < budget.

• Equipment rental, repair and fuel expenses are $74K < budget.

• Longshore labor is $321K < budget.

Dredging VolumesAnnual

Revised

Budget

Actual

Amounts Variance

Adopted

Budget

Dredging Days 115 83 (27.8%) 132

Cubic Yards Dredged 1,706,492

Current Year-to-Date

Port of Portland Operating & Financial Results

FY 2016-17 through January 31, 2017

General Aviation

Support Services

Portland International Airport

Total Passengers

PDX Airline Cost Center (ACC)

PDX Port Cost Center (PCC)

YTD operating revenues are above budget by $234K. The primary driver of this variance is a $300k early termination

fee that the Port received from BHG Hillsboro. Other key drivers include: increased HIO airside rentals (up $122K)

offset by a Hillsboro Master Plan grant that has not been realized (down $180K).

YTD operating expenses before depreciation are under budget by $40K, primarily due to lower consulting and

environmental expenses offset with higher materials and utilities costs.

$2 $2

$(0)

$2

$(2)

$2$2

$0

$2

$(2)

$(3.0)

$(2.0)

$(1.0)

$0.0

$1.0

$2.0

$3.0


Deprec


Millions

General Aviation


Support Services is comprised of Financial & Administrative Services, Executive, Public Affairs, Human Resources,

Legal, and Project & Technical Services. Costs for these areas are allocated to the operating areas.

YTD operating expenses excluding depreciation are $2.3M under budget, with the largest variances listed below:

• Contracts, professional & consulting services are $2.0M < budget, mostly due to timing of ProMIS

contract/consulting expenses ($1.1M budgeted in Project Portfolio Office business unit; 202k expenses YTD).

Contracts and outside services in HR, IT, Public Affairs, Financial & Administrative Services, and Environmental

Affairs are $1.1M < budget due to timing of expenditures.

• Interdepartmental charges are $794K > budget due to Engineering capitalized labor.

• Travel and management expenses are $305K < budget primarily due to timing of PROPS recognition

program/Achievers contract expenses ($210K budgeted in August but no expenses YTD).

• Personnel Services are $33K < budget.

• Equip Rents & Repair is $138K < budget.

• Other expenses are $411K < budget ($177K < budget in IT software expenses)

YTD ACC revenues are $2.2M higher than budget. Airline revenues are $1.0M higher than budget due to higher than

expected landing activity (over $313K), terminal rents (over $372K), and common use rentals (over $323K). Retail,

food and beverage revenues are $922K higher than budget as a result of higher passenger volume and higher than

expected spending per passenger.

YTD ACC expenses are $1.2M below budget. Personnel Services are $139K under budget due lower than budgeted

fire, police, and administrative costs driven by vacancies. Materials, services, and transfers are $1.0M under budget,

primarily due to: direct security services (down $107K), direct deicing operating materials and supplies (down $131K),

direct environmental costs (down $187K), maintenance (down $81K), custodial (down $94K) and direct outside

services (down $306K). These are offset by deicing materials for multiple winter storms (up $1.2M). Indirect costs

included in this variance include: Air Service Development marketing (down $598K), CUP heating fuel and consulting

services (down $259K), travel expenses/conferences (down $108K), long range planning consulting (down $95K),

equipment repair (down $54K) and Insurance (down $47K).

YTD PCC revenues are $2.7M > budget. YTD rental car revenues are $1.1M > budget due to

June forecasted accruals being $615K less than actuals invoiced; this amount carried into July. Passenger

volume related activity for July through January account for the remaining $528K increase in revenues. Other

PCC revenues are $1.5M > budget as a result of higher than expected volumes for transportation network

companies (e.g. Uber, Lyft; over $850K), additional revenues for overflow ramp parking to the cargo area (over

$170K), and ORANG drainage fees (over $111K).

PCC expenses are $1.6M < budget. Personnel services expense is $49K < budget. Materials, services, and

transfers are $1.5M < budget, primarily due to lower direct equipment rentals and repairs ($168K lower), direct

custodial services ($110K lower), and direct legal expenses ($75K lower). Indirect costs related to this variance

include: Air Service Development marketing (down $404K), long range planning consulting (down $63K), and

transfers (down $405K).

$77

$50

$28

$0

$80

$49

$28

$4

$0

$10

$20

$30

$40

$50

$60

$70

$80

$90

Millions

PDX ACC

YTD Budget YTD Actuals

$38

$26$25

$10

$6

$23

$38

$28

$23

$10

$6

$27

$0

$5

$10

$15

$20

$25

$30

$35

$40

Millions

PDX PCC

YTD Budget YTD Actual

Passengers traveling through PDX are a key driver of revenues and expenses for the Airport. YTD, 11.2 million total

passengers have utilized PDX, exceeding the prior year by 7.9%. The higher passenger levels are a result of the

continued growing economy and new flights by air carriers serving PDX. As a result of strong demand for air travel,

PDX passenger levels are increasing as carriers increase seat capacity and add flights.1.01.21.41.61.82.0

Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May JunMillions

FY 15/16 Actual FY 16/17 Actual FY 16/17 Budget

$0

$21

$(20)

$1

$(22)

$0

$18

$(18)

$1

$(19)

$(25)

$(20)

$(15)

$(10)

$(5)

$0

$5

$10

$15

$20

$25


Deprec


Millions

Support Services


Documents

EXECUTIVE DIRECTOR’S REPORT TO THEcdn.portofportland.com/pdfs/Feb17_EDRpt-Comb.pdf · 2017. 3. 3. · Capers Café & Catering Company DBA Capers Café – Se venth Amendment to