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HomeMy WebLinkAbout _ 3.2--City of Redding Budget Workshop No. 3C IT Y OF YWA%k REMDINO�" AN CITY OF REDDING REPORT TO THE CITY COUNCIL MEETING DATE: May 20, 2025 FROM: Barry Tippin, City Manager ITEM NO. 3.2 F- ***APPROVED BY*** btippin(kcityofredding.org ey An, �an 4 12P P ci�i I 5/19/2025 bfippin*cityofredding.org SUBJECT*3.2--Consider presentations regarding the current budget development of the City of Redding's Biennial Budget for Fiscal Years 2025-26 and 2026-27 for the EnteTrise Funds. Recommendation Accept presentation regarding the current budget development of the City of Redding's Biennial Budget for Fiscal Years 2025-26 (FY26) and 2026-27 (FY27) for the Enterprise Fund Departments (Redding Electric, Public Works & Airports); and provide direction to staff as needed. Attachments A REU Off Agenda Memo Biennial Budget Final 05.15.2025 2025-27 Budget Workshop - Electric Department v5 RELJCity of Redding OFF -AGENDA MEM lElectric Utility I To From Through Date Subject SUMMARY Honorable Mayor and City Council Nick Zettel, Electric Utility Director Barry Tippin, City Manager 05/15/2025 FY2026-2027 Biennial Budget The Redding Electric Utility's (REU) biennial budget for fiscal years 2025-26 (FY26) and 2026-27 (FY27) has been developed to align resources with the City Council's strategic priorities and long- term financial goals. The proposed budget reflects extensive divisional input, financial forecasting, interdepartmental engagement, and guidance from the Council provided during the budget development process. This budget is based on current information and assumptions and may be adjusted as financial and operational data are further refined. Total revenue is projected to increase by $13.6 million (9.0%) for FY26, followed by an increase of $10.2 million (6.2%) for FY27. This growth is largely driven by the continued electrification of key industries, increases in customer volume, and approved rate adjustments. The table below categorizes the expenditure budget based on primary functions: Electric Generation and Distribution, Customer Service, and Field Services. a luded carryover amounts ItUN (e Wiff►T7 Every effort is made to manage and contain costs despite external challenges, including rising power supply costs due to regulatory mandates and market conditions, inflation, and increased demand. In addition to addressing the repair and replacement of aging, critical utility infrastructure, and to ensure the continued financial stability of the utility, as well as to protect public health and safety, the following rate adjustments are incorporated into the Utility's five-year plan: W' MaW."T"go0117.7u1Nu[#1 The following table presents the Department's budget allocations, categorized by principal expenditure classifications: ANALYSIS The following paragraphs provide an overview of key budget components, including personnel, operations and maintenance, debt service, capital outlays funded by revenue and bonds, major plant maintenance, and rolling stock replacement. Significant Issues Leadership remains focused on proactively addressing the following complex and potentially costly challenges outlined in the 2021-2026 Strategic Plan: wildfire risk and safety compliance; grid reliability and resource adequacy; cybersecurity and grid modernization; state clean energy mandates; rising energy costs and market volatility; electrification demands, equity and affordability; and supply chain disruptions, including tariffs on materials and equipment. Tariffs on imported equipment, such as transformers, steel, and components, pose a financial risk to utilities by 2 FY2025-26 FY2026-27 FY2022-2 FY2023-24 FY2024-25 Financial Financial Rate Adjustments Actual Actual Actual Plan flan 2025 Financial Plan 2.00% 4.00% 4.00% 5.00% 5.00% 2023 Financial Plan 2.00% 4.00% 4.00% 4.00% 4.00% The following table presents the Department's budget allocations, categorized by principal expenditure classifications: ANALYSIS The following paragraphs provide an overview of key budget components, including personnel, operations and maintenance, debt service, capital outlays funded by revenue and bonds, major plant maintenance, and rolling stock replacement. Significant Issues Leadership remains focused on proactively addressing the following complex and potentially costly challenges outlined in the 2021-2026 Strategic Plan: wildfire risk and safety compliance; grid reliability and resource adequacy; cybersecurity and grid modernization; state clean energy mandates; rising energy costs and market volatility; electrification demands, equity and affordability; and supply chain disruptions, including tariffs on materials and equipment. Tariffs on imported equipment, such as transformers, steel, and components, pose a financial risk to utilities by 2 The proposed budget maintains the current staffing level of 202 full-time equivalent (FTE) positions and does not include any new position requests. Leadership remains committed to identifying opportunities to optimize staffing and achieve cost savings within the existing budget. Electric personnel costs for FY26 have increased by only 3.8% when adjusted in line with the assumptions outlined in the 2023 financial plan. While the FY26 budget reflects an 18.1% increase over the FY25 adopted budget, followed by a modest 1.9% increase in FY27, these variances are primarily driven by key personnel -related changes that were not anticipated during the development of the FY25 budget in 2023. It did not capture Council -approved changes in negotiated Memoranda of Understanding (MOUs) and the implementation of a more competitive salary structure to support employee retention and market alignment. The largest portion of the unfunded liability with Public Agency Retirement Services (PARS) has been fully paid off in FY24. This means that the previously required payments to cover that liability are no longer needed, resulting in a significant reduction in our annual costs going forward. Aerations and Maintenance (O&M) Operation and Maintenance (0&M) expenses are categorized into two groups: (1) Specific 0&M expenses, which include operating materials and the cost of power, and (2) Interdepartmental Charges, Interdepartmental Charges consist of fixed charges from other City departments, such as Electric's portion of the General Fund Cost Allocation, in -lieu fees, and rent for the Corporation Yard. 0&M expenses are requested to increase by $7.6 million (9.1%) for FY26, followed by a small increase of $1.6 million (1.7%) for FY27, primarily due to increased power supply costs and wildfire/vegetation management. Power supply costs are a primary driver of operating materials expenses. In the upcoming biennial budget forecast, rising fuel expenditures are the key factor contributing to the projected increase in overall power supply costs of $3.2 million (5.6%) for FY26, followed by a minimal increase of 1.0% in FY27. Approximately 38% of the increase in power supply costs is attributed to a rise in load demand. Additionally, the cost increase is influenced by a reduced reliance on spot market purchases, as the narrowing gap between gas and energy market prices has made power plant operations more cost-effective. Importantly, the rise in load is accompanied by a corresponding increase in revenue, which is expected to offset the additional costs associated with meeting the higher demand. In the past, the Electric Department experienced a period of relatively stable resource portfolio, largely due to sustained and strategic investment in long-term resource planning. However, recent developments, such as changes in customer demand, evolving regulatory requirements and compliance, and emerging energy and capacity deficits, now pose significant challenges to REU's lon -term resource OlanninCr strate4aies, relaulator com fiance, and customer rates. These pressures 3 ANN."T"go0117.7uINUV 1#1 may drive costs upward, but every effort will be made to mitigate the impact on customers. In response to these challenges, the Long -Term Resource Planning team (Resources) has evaluated available resource options and development recommendations to ensure the utility continues to meet customer demand reliably and cost-effectively. 0&M also includes REU's continued wildfire mitigation efforts through a collaborative partnership with the City of Redding Fire and Parks Departments. To ensure a timely and capable emergency response, REU funds 15 full-time firefighter positions to maintain appropriate coverage levels and improve fire suppression readiness, particularly in high-risk areas served by REU's electric system. In addition, REU funds six full-time Parks field positions and one Parks Superintendent to support proactive vegetation management in REU's electric utility corridors and around substations. Key activities include mastication, weed abatement, ladder fuel removal, and utility pole wrapping to reduce the risk of wildfire ignition and improve system resilience. For the upcoming biennial budget cycle, REU will fund an additional 1/3 of a crew proposing to expand this partnership by leveraging a Cal Fire grant, which will allow REU to receive additional crew time dedicated to utility -focused vegetation work. The proposed funding for positions in the Fire and Parks Departments is approximately $4.0 million per year. On a more positive front, an increase in hydro deliveries has been budgeted on current policy and operational changes. Additionally, participation in the Energy Imbalance Market (Spring 2021) and the Extended Day -Ahead Market (EDAM) in Spring 2027 is expected to boost wholesale market activity. While this increased wholesale activity may increase supply costs, it is projected to result in a net positive outcome that will ultimately benefit our customers. Overall, the $749,100 (6.0%) decrease in Interdepartmental Charges during the first year of the proposed budget is primarily driven by a reduction in Electric's general and payment -in -lieu -of -tax to the General Fund. In the second year of the budget request, however, Interdepartmental Charges are projected to increase by $1,456,900 (12.4%), mainly due to higher Electric's payment -in -lieu -of - tax and increased risk management costs to the General Fund. The Electric Utility Debt Service budget requests $18.8 million in FY26 and $19.6 million in FY27. For FY23 to FY25, Debt Service has stayed flat at approximately $14.4 million. The increase in debt service cost of approximately $4.4 million in FY26 and an additional increase of $0.8 million in FY27 is due to the issuance of $67.175 million Electric System Revenue Bonds, 2025 Series A in March 2025. This bond issuance was for financing the additions, betterments, extensions, and improvements to the electric utility system, including significant replacement and upgrades to overhead and underground infrastructure systems, and construction of a maintenance building at the Redding Power Plant. 4 RELJCity of Redding OFF -AGENDA MEM lElectric Utility I The table below presents the components of the Capital Outlay requests for FY26 and FY27 compared with the actual FY24 expenditures and the adopted and amended FY25 Budget (excluding carryover amounts). Most capital outlay requests fall under the categories of Projects, Programs, Equipment, and Furnishings. General System Improvements include annual, recurring expenditures necessary to install infrastructure that ensures reliable electric service for both new developments and existing customers. These improvements are carried out by Electric utility crews and contractors and typically involve the installation of key facilities such as transformers, poles, overhead and underground conductors, trenching, conduit, and vaults. This budget cycle emphasizes the continuation of overhead/underground infrastructure, substation security, power plant renovation projects, back-up power control center relocation and enhancements, and technology upgrades/replacements. As General System Improvements, Projects, and Programs are on "existing facilities of an investor and publicly owned utilities used to provide electric power, natural gas, sewerage, or other public utility services," these types of projects are exempt from review under the California Environmental Quality Act (CEQA) guidelines Section 15301. General System Improvements include the continuation of REU's meter modernization effort of approximately $500,000 per year due to the age of the utility's mechanical meters. As the City continues to expand and modernize its overhead and underground electric infrastructure, the need for additional materials and resources has grown. This includes increased demand for conductors, transformers, conduit, poles, switchgear, and other essential components. The capital items for projects and programs are as follows: FY26 Overhead/Underground Infrastructure Power Plant Renovation Substation Security GIS Utility Network Upgrade/Software Replacement 5 $ 5,372,000 $ 2,140,000 $ 1,190,000 $ 1,500,000 FY 023-24 FY2024-25 FY2024-25 FY2025- ;6 Increase FY2026-27 Increase Description Actual I Adopted I Amended I Proposed (Decrease) Proposed (Decrease) General System $ 6,961,574 $ 6,585,000 $ 6,585,000 $ 8,750,000 $ 2,165,000 $ 8,750,000 $ - Improvements Projects, Programs, & Equipment and 5,957,420 17,160,800 15,315,000 10,202,000 (5,113,000) 11,390,000 1,188,000 Fumishin s Total Capital Outlay , $12,918,994 $23,745,800 $21,900,000 $18,952,000 $(2,948,000) $20,140,000 $1,188,000 Most capital outlay requests fall under the categories of Projects, Programs, Equipment, and Furnishings. General System Improvements include annual, recurring expenditures necessary to install infrastructure that ensures reliable electric service for both new developments and existing customers. These improvements are carried out by Electric utility crews and contractors and typically involve the installation of key facilities such as transformers, poles, overhead and underground conductors, trenching, conduit, and vaults. This budget cycle emphasizes the continuation of overhead/underground infrastructure, substation security, power plant renovation projects, back-up power control center relocation and enhancements, and technology upgrades/replacements. As General System Improvements, Projects, and Programs are on "existing facilities of an investor and publicly owned utilities used to provide electric power, natural gas, sewerage, or other public utility services," these types of projects are exempt from review under the California Environmental Quality Act (CEQA) guidelines Section 15301. General System Improvements include the continuation of REU's meter modernization effort of approximately $500,000 per year due to the age of the utility's mechanical meters. As the City continues to expand and modernize its overhead and underground electric infrastructure, the need for additional materials and resources has grown. This includes increased demand for conductors, transformers, conduit, poles, switchgear, and other essential components. The capital items for projects and programs are as follows: FY26 Overhead/Underground Infrastructure Power Plant Renovation Substation Security GIS Utility Network Upgrade/Software Replacement 5 $ 5,372,000 $ 2,140,000 $ 1,190,000 $ 1,500,000 W' L FaWrA Overhead / Underground Infrastructure $5,200,000 Power Plant Renovation $2,140,000 Substation Security $1,190,000 Back -Up Power Control Center Relocation/Enhancements $1,540,000 GIS Utility Network Upgrade/Software Replacement $500,000 PI Implementation $820,000 AN W."T" IN I 171115V I NO 1#1 The Utility anticipates that the majority of these projects, including General System Improvements, will be funded through bond proceeds. Major Maintenance and Rolling Stock Funds In addition to the regular Capital Outlay Budget, a "Special Purpose Fund" has been established for the periodic major maintenance of the Electric Utility's power -generating equipment (Major Maintenance Fund). The annual contributions to this fund are designed to support a balanced 10 - year maintenance plan. Maintenance expenses are budgeted in the fund and recognized in the year the work is completed. For FY25, the adopted funding amount for Major Maintenance was $1.6 million. To maintain adequate funding levels, the budget for FY26 is $3.6 million and $1.8 million in FY27. The higher funding request in FY26 is primarily due to two large planned projects on Units 5 and 6. The Major Maintenance Fund is allocated for significant, periodic expenditures arising from the wear and tear that generating units experience due to regular use. These expenses are not included in the typical Operations & Maintenance budget because of their occasional and unpredictable nature. From a risk management perspective, it is considered sound utility practice to follow manufacturers' maintenance guidelines to ensure the continued, reliable operation of the generating units. Failure to adhere to preventive and periodic maintenance schedules could lead to catastrophic generator failures, resulting in substantial repair costs and the need for replacement power purchases, potentially amounting to millions of dollars. The Rolling Stock Replacement Fund operates similarly to the Power Plant Major Maintenance Fund. The adopted FY25 funding amount for the Rolling Stock Replacement Fund was $1,100,000. However, the budget proposal calls for $1,200,000 annually for FY26 and FY27 to maintain adequate funding levels. This increase is primarily due to higher-than-expected inflation in the auto and electric equipment sectors. The Rolling Stock Replacement Fund for Field Services requests increased from $55,000 in FY25 to $58,000 in FY26 and $58,000 in FY27. The increase is primarily due to higher -than -projected replacement costs of trucks. The request for the Rolling Stock Replacement Fund is based on the Electric Utility's established need for the scheduled, jeriodic re6:)1,acement and uearade of heavy rolling stock, such as line trucks, as war low! 0 MaN."T"go►117.7uINUV 1#1 well as vehicles like sedans, light trucks, and trailers. Fleet maintenance has confirmed the need for these replacements as appropriate. The Rolling Stock Replacement Fund should be maintained at the proposed levels to address the demonstrated and projected needs of the Utility. Electric is not requesting any new vehicles during this budget cycle. Five -Year Plan. The Electric Utility's financial plan, outlined below for the current year and the subsequent five years, is a preliminary projection. It is subject to change based on evolving circumstances and further analysis. A key assumption in the previous plan was a return to the Federal Reserve's long -run inflation target of 2%. While the Fed remains committed to this target, recent economic conditions have introduced uncertainties. As of early 2025, inflation has moderated but remains slightly above the 2% target, with core Personal Consumption Expenditures (PCE) inflation at 2.8%. Consequently, the current five-year plan uses a target inflation rate of 3%. Assuming 3% for future projections is a prudent approach, considering ongoing inflationary pressures and uncertainties related to global supply chains, recent tariff implementations, and geopolitical factors. Other assumptions include bond - funding capital outlay, and excluding Power Supply, only expending approximately 90% of 0&M and Personnel appropriations. The days of cash on hand are projected to be 148 days in FY26 and 161 days in FY27. While both projections exceed the required minimum level of 75 days, in FY26, it falls below the goal of 150 days. The debt service coverage ratio is expected to be 1.73 times in FY26 and 1.95 times in FY27. Although the FY26 projection is below the required minimum of 1.80 times, the Financial Policy recognizes a practical range of acceptable results, balancing cash flow needs with reserve levels. The Utility's Affordability KPI remains well within the target range throughout the five years. N RELJCity of Redding OFF -AGENDA MEM lElectric Utility I CONCLUSION REU's biennial budget reflects the City's continued commitment to fiscal responsibility, service reliability, and strategic investment in critical infrastructure. It balances current operational needs with long-term planning priorities while addressing external challenges such as rising costs, regulatory requirements, and system modernization. Leadership will remain focused on managing resources efficiently, optimizing service delivery, and ensuring the financial health of the Utility for the benefit of all customers. E: �Eoo 950,00 900,000 850,000 ! shttt� t ti ti tiSr two rt$t{ ,0 i� t1� uj F77! k tst t57 tt , r t rt uwr` t 750,000 stJ,Y�i Yt 0, slue 12 650,000 —F'25 ,0 #��t� 3sss4' ffj"IMIEI�l M, FY24-25 Amended FTE Employees FY26-27 Proposed Year over Year (YoY) increase(decrease)- % FTE Employees 118,630,530 12,712,840 13,799,670 1,736,300 146,879,340 188.75 47 60 1 296.75 115,127,630 14,151,820 13,209,560 1,566,120 144,055,130 $(6,585,040) - (5.4%) decrease $587,390 - 4.3% increase $193,480 - 1.5% increase $12,360 - 1% increase $(5,791,810) - (3.9%) decrease 192.75 48 63 1 304.75 FY24-25 Amended I FTE Employees FY26-27 Proposed Revenue FTE Employees $33,832,890 $43,652,710 $2,732,310 $38,412,620 $118,630,530 33.5 49 8.25 98 188.75 $34,611,060 $43,783,290 $2,607,340 $34,125,940 $36,397,000 $42,815,000 $2,397,000 $33,461,000 34.5 52 8.25 90 $115,127,630 $115,070,000 192.75 w ��: � � � \ � � �� � � \ � � \� � � � \ � � ƒ� � < . � � � »� \� � . . �`\.. d� � � � � � � ` . « ... FY24-25 $6,216,990 $3,816,920 $2,678,930 $121712,840 Amended FTE Employees 21 15 11 47 FY26-27 $7,000,520 $4,541,390 $2,609,910 $14,151,820 Proposed FTE 21 16 11 48 Employees FY24-25 $12,050,510 $1,749,160 $13,799,670 Amended FTE Employees 18.5 41.5 60 FY26-27 $11,228,390 $1,981,170 $13,209,560 Proposed FTE 19.5 43.5 63 Employees FY24-25 $473,910 $1,262,390 $1,736,300 Amended FTE Employees FY26-27 $487,850 $1,078,270 $1,566,120 Proposed FTE Employees �_ .'0. 1 Overview Within the City Manager's Office under Economic Development, the Airports Division oversees operation and maintenance of the City of Redding's (City) two Airports - Redding Regional Airport (RDD) and Benton Field (085). RDD is a non -hub primary commercial service airport with scheduled passenger service, and Benton Field is a general aviation airport. The City is responsible for safety and security at the airports and compliance with the Federal Aviation Regulations Part 139, 49 CFR Part 1542, State Aeronautics Act, California Code of Regulations (CCR), Title 21, Sections 3525-3560, and federal grant assurances. The Redding Regional Airport and Benton. Field are primarily funded by revenues generated from aviation, mostly in the form of leases, rents, and fees collected from users of City -owned aviation facilities. These revenue sources generally cover the basic operating requirements of both airports, however, because the City provides round-the-clock Airport Rescue and Fire Fighting services at RDD as a public safety measure, the General Fund assists the airport in subsidizing the ARFF costs incurred. In general, Airport Division revenues consist of a backbone of fixed income sourced from ground and facilities leases and more variable income sources such as user fees. Revenues from airport user fees tend to have a close relationship to either passenger enplanements or the count of airport operations at a given airport. Following several years of steady rates despite year -over -year increases is an indicator of user activity, the Airports Division determined that gradual rate increases will be necessary to support the maintenance and operations of local aviation facilities. Additionally, new automation opportunities for airports in the area of aircraft tracking, identification, and billing could help increase transient aircraft user fees by approximately 35% from current estimates if implemented for the upcoming biennial budget cycle. Airport Revenues since FY2018 have grown, on average, 7.65% each year despite major fluctuations due to COVID-19 in FY21 and FY22. On the other hand, the Airports Division anticipates that operating expenses will continue to increase. Increasing operating expenses in the upcoming budget cycle is driven more by the rising prices of existing goods and services used by the airport rather than representing an expansion of the scope of work to be done. The Airports Division is heavily reliant on outside consultants for FAA program needs that are often statutory and regulatory requirements in order to maintain the airport operating certificate and eligibility for capital grant funding. In addition, the cost of maintenance materials and supplies continues to fluctuate — mostly rising — based on the supply and demand and other economic factors. Furthermore, as industrial facilities, airports are typically subject to requirements of other regulatory bodies which impose further operating requirements regardless of availability of funds. One notable example is the Central Valley Regional Water Quality Control Board with which the airport has a voluntary cost recovery program for site monitoring due to potential PFAS contamination resulting from the use of aviation firefighting foams at RDD. Between the fluctuating costs of regulatory compliance and increasing backlog of deferred maintenance at both airports, due to budgetary constraints, the operating budget continues to rise in order to maintain near -current levels of service. The Airports Division's requested budget for 2025-26 includes a significant increase in expenses due to regulatory cost increases and increasing operational costs. Strong revenue forecasts mitigate the medium- and long-term impacts of the increased expenses: Fiscal Year 2025-26 Fiscal Year 2026-27 Amount Percent Chane Amount Percent Change Revenue $3,689,592.41 10.9% $3,844,430.51 4.2% Expenditure $3,686,857.95 15.6% $3,788,733.95 2.8% Capital improvement projects at the City's airports are funded by a combination of grant funding sources, including Federal Aviation Administration (FAA) Airport Improvement Program (AIP) grants, FAA Airport Infrastructure Grants (AIG), State of California Division of Aeronautics grants and loans, Redding Airport's Passenger Facility Charge (PFC) program and local match from the Airports Enterprise fund. The information the Airports Division provided in the City's Capital Improvement Plan includes approximately $34,227,765.64 of investment in the FY26 and FY27. Of that amount $2,077,527.24 would be City -funded either as whole projects or matching funds for federal and state capital grants. The remaining $31,598,591.99 would be funded either by federal and state capital grants, or by Passenger Facility Charges (PFCs) at RDD which are user fees which require prior authorization from the FAA to collect and must be used on the projects for which they were authorized to collect. In addition to commercial air service, RDD hosts an interagency aerial attack firefighting facility operated by the United States Forest Service supporting Department of Defense C -130s equipped with Modular Airborne Firefighting Systems as well as supporting CalFIRE firefighting resources. When activated, these wildfire -attack operations are critical to the public safety of the region. Additionally, RDD hosts City's Fire Station #7 (a facility constructed with AIP funding) which provides airport rescue and firefighting (ARFF) services for the airside users and which is dually used for community structural firefighting. There are numerous commercial licensees, lessees, and tenants for various business and personal activities on the field which are managed directly by airport staff. The Airports Division initiated an Airport Master Plan (AMP) for RDD in early 2023 which guides the development of future airport facilities over a 20 -year period and is anticipated for completion in coming months. The AMP identifies current and future aeronautical demands including air service, aircraft operations, general aviation and other commercial services and developments. In addition to facilitating airport -user driven demand at RDD, the AMP will influence the priorities and direction of the Airport Capital Improvement Plan (ACIP). The current ACIP includes a number of key projects for the short-term (five years), mid-term (5-10 years), and long-term (10-20 years). Benton Field is a general aviation airport which hosts a City -owned Fixed Base Operator (FBO) facility which is leased to a private operator who provides services to based and transient members of our aviation community. In addition, rental tie -down, sunshade, and hangar spaces are available to aircraft owners on a month-to-month basis. The current FBO offers full-service operations including fueling, maintenance, and flight training with a restaurant for users and the local public to enjoy. Budget Requests as of 5/19/2025 RDD 085 TOTAL FY26 FY27 FY26 FY27 FY26 FY27 Revenue $3,303,042.41 $3,447,880.51 $386,550.00 $396,550.00 $3,689,592.41 $3,844,430.51 Expense $3,491,797.95 $3,586,233.95 $195,060.00 $202,500.00 $3,686,857.95 $3,788,733.95 Balance $(188,755.54) $(138,353.44) $191,490.00 $194,050.00 $2,734.46 $55,696.56 Personnel The Airports Division has a total of 13 staff consisting of 11 full-time (six administrative with four operations and maintenance and one janitorial) and two (2) part-time employees (one account clerk and one janitorial). Due to budget constraints the Airports Division is exploring holding a position vacant in FY26 pending a planned retirement in one position anticipated by November 2025. It is anticipated that the held vacant position would be filled again in FY27 based on current projections. The Airports Division is requesting $1,682,458 in FY26 and $1,718,444 in FY27 for the 2025-26 budget continuing an overall trend of steady increases due to rising costs of employee salaries and benefits as negotiated by the City at -large and some time -specific cross charges such as City Manager support during the Airports Manager position vacancy. The FY26 personnel and cross charges budget represents a 10.64% increase from the budgeted amount in FY25. Airports will have an offset of approximately $132,000 by billing at least the base amount of administrative costs allowable on Airport Improvement Program grants for the projects forecast in FY26. Direct, allowable costs by the City may generate further cost -savings for personnel and cross -charges to the Airport if applicable to a particular grant funded project such as grants available for the runway rehabilitation project and the east -side taxi - lanes design at Benton. Siv-nificant Issues In 2021, the City entered into a voluntary cleanup program (C-8825) with the State Water Resources Control Board for site -monitoring related to potential PFAS contamination due to the use of aviation firefighting foams. Under the voluntary cleanup program, the SWRCB provides an annual scope of work and cost estimate which must be paid by the City at actual cost to reimburse the SWRCB for its site monitoring activities. Under this agreement, the City may also be required to undertake certain site -monitoring activities at its own expenses. As a measure to help control overall costs of the site -monitoring program the City engages a qualified consultant to assist with the City responsibilities limiting exposure to further findings and review by SWRCB. Nonetheless, the cost recovery program is developing into a significant issue for the Airports Division because of the unpredictable nature of the scope changes and cost estimates provided by SWRCB from year-to-year. The most recent cost estimate clearly demonstrated the concern as it jumped from $18,400 to an FY 26 estimate of between $90,000 and $180,000 for reimbursement of the state costs and not the City's own site monitoring responsibilities. Due to budget constraints, for FY 26, staff is projecting the water monitoring costs will increase to $50,000 — if costs increase above $50,000, staff will return to City Council for a budget amendment. Additionally, Airports staff is proposing to limit Air Service Development costs to $60,000 in FY26 and will return to City Council for a budget amendment if additional funds are required in FY26 whereas in FY27 lower projected expenses, particularly related to the water board, allow the Airports Division to budget a more robust figure for Air Service Development in that financial period. In 2023, the City Council eliminated a payment -in -lieu -of -taxes (PILOT) paid by the Airports Division to the General Fund to cover the expenses of ARFF and in turn authorized the City Manager to establish a set amount of net transfer for the City Council to set between $0 and $760,000 (the full cost of ARFF at the level of service that the City elects to provide). For the past three fiscal years the amount transferred to the General Fund, either under the previous PILOT, or more recently as a Net Transfer, has been $250,000. As an Airports Division and community safety measure, the Redding Fire Department provides service at a higher level than required for the current ARFF index of RDD and there could be potential for significant cost savings to the Airports Division by re-examining both the level of service and the basis for the costs associated with ARFF to the Airport. Additionally, the Net Transfer covers costs for RFD to staff ARFF services at RDD while the Airport continues to pay for vehicle maintenance, replacement (grant -funded), dry -chemical, certain training(s), and previously funded construction of the Fire Station through federal grants provided to the airport. The Airports Division maintenance budget has been severely constrained by pressures to reduce costs for other essential airport functions and as a result has fallen short of completely satisfying the airfields overall maintenance needs. While the budgets were eventually increased through further justified spending, the initial budgets for airfield maintenance often hover around $50,000 and in the most recent budget cycle, no funds at all were budgeted for airfield maintenance at Benton Field. In order to provide safe aviation facilities and meet regulatory and compliance needs, the Airports Division effectively triages airfield maintenance resulting in a backlog of deferred maintenance — this is particularly evident in the paved surfaces at both Airports. The Airport Pavement Management System update in 2019 for Benton. Field identified several paved surfaces which have not been improved since are in either a "serious" (PCI >10 and <25) or a "failed" (PCI <10) state. The condition of facilities, and in particular paved surfaces, exposes the Airports Division to the possibility that revenues from such facilities may decline or cease in the future further limiting the ability of the Airports Division to respond to maintenance needs. In an ideal setting, the Airports Division would proactively fund maintenance in order to preserve facilities in good conditions rather than attempting to mitigate issues arising from failed or end -of -life infrastructure. Many structures, particularly at Benton but present at both airports, are original structures which are at the end of their useful lives and require either major structural improvements (roof replacement, notably) or redevelopment (not eligible for grants), further burdening the airport budget. One solution to this issue is rate increases which are proposed beginning in FY26 and may have to increase further depending on the impact the rate increases have on the availability of funds for maintenance and how other cost increases mitigate the impact of increased revenues. The 2017 RDD Airport Pavement Management System update did not rate the passenger terminal public parking lot, however, it identified the surrounding street (Woodrum Circle) at the time as "failed" (PCI <10). Although the street was eventually able to be rehabilitated through AIP grant funding over several years as a phased landside access road project, the Airports Division does not have any grant funding sources for which the parking lot is eligible to receive funds since it is a revenue generating source. Over time, certain spaces of the paid public parking have become unusable due to pavement condition and the uneven surfaces have increased the City's potential exposure to liability for trips, falls, and other incidents. The Airports Division has proposed to borrow, as a loan, from the City's Risk Management Reserves sufficient capital to reconstruct the parking lot in order to address these deficiencies; the financing costs of the loan will be addressed through a $2/day rate increase for passenger terminal public parking and renegotiation of the termed out concession agreement with the parking vendor to maximize revenues from paid public parking which is one of the largest single sources of revenue for the Airports Division. In addition to reconstruction, the parking lot will be reconfigured to facilitate the installation of license plate reading technology in order to improve the efficiency of parking lot revenue collection and, indirectly, improve the customer experience of parking at RDD. At both Airports, the Airports Division currently partners with FBOs to collect transient tie -down nightly parking fees due to the City and as part of these agreements the FBO is entitled to keep approximately 50% of the fee collected. In the past, this has been a common airport industry practice which is now fading due to the availability of new tracking and billing software solutions that utilize ADS -13 (understandable as publicly available GPS tracking of the real-time position of aircraft). In conversation with service providers for these technologies, the Airports Division has determined that it may be possible to increase the share of transient aircraft collections due for each airport by up to 35%. This software would also enable the Airports Division to more efficiently implement its proposed landing fees, particularly in regards to unscheduled aircraft which may not typically have provided reports of landings and aircraft operations to the airport in a similar manner to scheduled counterparts. The Airports Division is still in an exploratory phase as far as determining the cost and other related impacts of implementing a software -based tracking and billing solution for transient tie -down fees, overnight (aircraft) parking, and landing fees. These new revenues could help the airport in its goal to achieve economic self-sufficiency if properly developed. Performance Measures and Workload Indicators Description FY24 Actual FY25 Estimated FY26 Projected FY27 Projected Enplanements 91,1.94 87,000 98,090 98,474 Aircraft Operations 46,359 62,000 62,000 62000 Hangar Occupancy 100% 100% 100% 100% Facility and Ground Leases 39 38 41 41. Unmet Needs 1. In 2024, the Airports Division prepared an estimate of unmet infrastructure needs on a 2, 5, and 10 -year time -scale. The infrastructure needs mostly related to the replacement, reconstruction, or rehabilitation of past useful life structures and paved surfaces, but included other items such as access control and security infrastructure, fixture replacements due to landlord tenant obligations, and equipment purchases. 2. Car rental concessions have strained the existing car wash facility at the Redding Regional Airport. The car wash system is served by a septic and leach field and cannot accommodate the demands by the car rental companies. A new replacement facility with a connection to sanitary sewer is estimated at $300K. 3. The Airports Division is responsible for maintaining a large inventory of leased facilities which are nearing or already beyond the end of their useful lives, or otherwise have fixtures which are at or beyond the end of their useful lives. Ideally the Airports Division would commission a "facilities assessment" to identify, prioritize, and plan for capital improvement needs on leased, or leasable, facilities in order to continue to support revenue generation at the Airport. The Airports Division anticipates a facilities assessment may cost up to $75,000 and will likely identify further needs in the hundreds of thousands to millions between structural improvements (such as roofs) and fixtures (such as HVAC) at airport facilities. 4. Land use at a "federally obligated" airport (meaning an airport which has accepted federal grant funding, such as both RDD and Benton) is subject to certain federal requirements regarding rates and charges implemented towards both aeronautical and non -aeronautical users of airport property. For non - aeronautical land uses on airport property, the Airports Division is obligated to charge fair market value rent including for other uses by the sponsor agency - the City of Redding, itself - with limited exception. In order to facilitate a number of existing and proposed non -aeronautical land uses and meet regulatory compliance needs, the Airports Division must implement a practice of valuing all land used for non - aeronautical purposes with a fair market value appraisal. While this may eventually result in increased revenues from non -aeronautical land -uses, the short-term budget limits the ability of the Airport to conduct appraisals needed, starting from a backlog, which in turn limits potential added revenues in the upcoming budget cycle. On average, an appraisal that is compliant with FAA standards has cost about $7,000 per land area (often portions of several parcels) appraised. 5. Security systems at RDD are past their useful life. Upgrading the systems are a high priority as sensors and cameras are starting to fail. A full replacement of these systems is being evaluated. Camera replacement alone are anticipated to cost $100,000 - $120,000. Conclusion Airports staff is making every effort to manage and contain costs in light of these noted internal and external challenges. Staff is presenting a balanced budget based on United's RDD -DEN air service performing well which will also improve car rental and concession revenues; additional and new revenues from fair market lease/rent increases; and reducing, postponing and in some cases, eliminating expenditures. Overall, as staff monitors the expenses and revenues, adjustments will be made to ensure the Airports Division is fiscally sound and operating efficiently. This page left intentionally blank. 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