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ALBANY COUNTY AIRPORT AUTHORITY TEL: 518-242-2222

ALBANY INTERNATIONAL AIRPORT ADMIN FAX: 518-242-2641

ADMINISTRATION BUILDING FINANCE FAX: 518-242-2640

SUITE 200 SITE: www.albanyairport.com

ALBANY, NEW YORK 12211-1057

ALBANY COUNTY AIRPORT AUTHORITY

REGULAR MEETING

AGENDA

November 5, 2018

General: 1. Chairman’s Remarks

2. Approval of Minutes

Regular Meeting – September 17, 2018 Special Meeting – October 18, 2018

3. Communications and Report of Chief Executive Officer 4. Interesting Correspondence

Management Reports:

5. Chief Financial Officer

5.1 Statistical and Financial Performance 5.2 Comparison of Enplanements 5.3 Summary of Airline Scheduled Flights and Markets 5.4 USDOT Arrival and Departure Statistics 5.5 Update on OPEB Trust Investment Strategy

6. Project Development

7. Counsel 8. Concessions/Ambassador Program 9. Public Affairs

Action Items:

10. Authorization of Contracts/Leases/Contract Negotiations/Contract Amendments

10.1 Professional Services Contract No. S-991 Design Services for Terminal Amenities Design Services for Terminal Amenities – TO BE HANDED OUT AT MEETING

10.2 Professional Services Contract No. S-989 Design Services for New

Airport Parking Garage with CHA Companies, Inc.

Albany County Airport Authority Agenda: November 5, 2018 _______________________________________________________________________________________

Page 2

10.3 Purchase Order: Purchase of Fire Fighter Air-Paks and related

components 10.4 Request approval of the Fourteenth Supplemental Resolution to

Authorize Authority staff to proceed with a private negotiated sale Airport Revenue Refunding Bonds Series 2018 (“Series 2018 Bonds”) in an amount not to exceed $25,000,000.

10.5 Professional Service Contract: 3-Year Contract Extension: Amendment No.

5 to Professional Services Contract No. S371: Passenger Information Services with the Albany County Convention & Visitors Bureau

11. Authorization of Change Orders

None

12. Authorization of Federal and State Grants 13. Procurement Approvals by CEO – Informational Only 13.1 Report issuance of Emergency Contract (Purchase Order) for

Asphalt Pavement Repairs (Quote # 18-1018)

13.2 Report issuance of Emergency Contract (Purchase Order) for Soil Boring for New Garage

13.3 Report issuance of Emergency Contract (Purchase Order) for New

Bag Belt System for Allegiant Airlines

Old Business: New Business: Executive Session:

ES-1 - Matter Leading to the Appointment of a Particular Individual

Attorney-Client Privilege Matters:

AGENDA ITEM NO. 1

Chairman’s Remarks

AGENDA ITEM NO. 2

Approval of Minutes

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Minutes of the Regular Meeting of the Albany County Airport Authority

September 17, 2018

Pursuant to notice duly given and posted, the regular meeting of the Albany County Airport Authority was called to order on Monday, September 17, 2018 @ 11:30 a.m. in the 3rd Floor Conference Room of the main terminal located at the Albany International Airport by Chairman Kenneth J. Doyle with the following present:

MEMBERS PRESENT MEMBERS ABSENT

Rev. Kenneth J. Doyle Tony Gorman Lyon M. Greenberg, M.D. Kevin Hicks Patricia M. Reilly Steven H. Heider Samuel A. Fresina

STAFF

John A. O’Donnell William J. O’Reilly Peter Stuto Doug Myers Steve Iachetta Liz Charland Helen Chadderdon Margaret Herrmann John LaClair

ATTENDEES

John DelBalso, Assistant Airport Manager, AvPorts Bob Heitz, Million Air Dennis Feeney, Majority Leader Eric Anderson, Times Union Jim Pascarell, Integra Optics Ashley Simpson, Integra Optics

1. CHAIRMAN’S REMARKS

2. MINUTES

Mr. Heider moved to approve the minutes of the July 23, 2018 Regular Meeting.

The motion was adopted unanimously.

ACAA Approved11/05/2018

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Ms. Reilly moved to approve the minutes of the August 27, 2018 Special Meeting. The motion was adopted unanimously.

3. COMMUNICATIONS AND REPORT OF CHIEF EXECUTIVE OFFICER Mr. O’Donnell presented the Communications and Report of the Chief Executive Officer for the month of September 2018.

4. INTERESTING CORRESPONDENCE

Noted

5. Chief Financial Officer Mr. O’Reilly presented the following: 5.1 Statistical and Financial Performance 5.2 Comparison of Enplanements 5.3 Summary of Airline Scheduled Flights and Markets 5.4 USDOT Arrival and Departure Statistics

MANAGEMENT REPORTS:


Mr. Iachetta presented the Project Development Status Report for the month of September 2018.

7. Counsel

8. Concessions/Ambassador Program

Ms. Chadderdon’s Concessions/Ambassador Status Report for the month of September 2018 was distributed.

9. Public Affairs

Mr. Myers’ Public Affairs Status Report for the month of September 2018 was distributed.

Action Items: 10. Authorization of Contracts/Leases/Contract Negotiations/Contract Amendments

10.1 Approval of Sublease between AFCO Cargo ALB Limited Partnership

and G.A.T. Airline Ground Support, Inc. for Warehouse Space

Mr. O’Reilly recommended authorization to approve a Sublease between AFCO Cargo ALB Limited Partnership and G.A.T. Airline Ground Support, Inc. for Warehouse Space at 42-B Kelly Road, (ACAA Bldg. #300). He advised the Sublease is for 7,000 SF at the Air Cargo Building. The space will be used for

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handling, storage, distribution and forwarding of air cargo goods, and incidental office use. The term is 3 years (36 months). The first year Base Rent is $11.50 per SF ($6,900.00 per month, $82,800 per year). The rent shall escalate 3% per year. In addition, tenant shall pay a common area maintenance of approximately $2.87 per sf ($20,090/yr) plus utilities. Mr. Fresina moved to authorize the Sublease between AFCO Cargo ALB Limited Partnership and G.A.T. Airline Ground Support, Inc. for warehouse space. The motion was adopted unanimously.

10.2 Lease Addendum Authorization for Lease Addendum #7 to Airport Lease

Agreement with County to extend the term until December 31, 2049

Mr. Stuto recommended authorization to amend the Airport Lease Agreement (Lease Addendum #7) with the County of Albany to extend the term for approximately 13 years, until December 31, 2049. He advised that the Authority entered into the Airport Lease Agreement effective May 15, 1996 for a term of 40 years which is set to expire May 15, 2036. The financing plan for the Modernization & Renovation of Albany International Airport project includes a borrowing by the Authority with a thirty-year term. The current term of the Airport Lease Agreement needs to be extended approximately 13 years to accommodate this financing plan.

Dr. Greenberg moved to authorize said Lease Addendum #7 to the Airport Lease Agreement with Albany County to extend the term until December 31, 2019. The motion was adopted unanimously.

10.3 Purchase Order Runway Sweeper Replacement Brushes Contract # E-983

Mr. O’Reilly recommended authorization to approve the purchase of Runway Sweeper Replacement Brushes on an as needed basis. He advised that a Request for Bid was issued July 19, 2018 and notice of the opportunity was widely circulated and several firms obtained the Request for Bid documents, however, only one bid was received. Based upon the estimated usage the total contract amount is $56,160. Mr. Fresina moved to authorize the purchase of Runway Sweeper Replacement Brushes on an as needed basis in the estimated amount of $56,160. The motion was adopted unanimously.

10.4 Construction/Demolition: Contract No. 989-DEM: Demolition of

Building #113 at 7 Jetway Drive (former sand storage building)

This item was deferred to Executive Session. After executive session: Father Doyle moved to authorize the CEO to make the final determination in awarding Contract No. 989-DEM (Demolition of Building #113 at 7 Jetway Drive (former sand storage building) to the lowest qualified bidder, based on the bids received. The motion was adopted unanimously.

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10.5 Professional Services Contract: Negotiations: Contract No. S-991 Design

Services for Terminal Amenities Design Services for Terminal Amenities

Mr. LaClair recommended authorization to negotiate for Professional Services Contract S-991 Design Services programmed for the execution of the NYSDOT Grant. He advised the RFQ evaluation committee met and discussed each proposal and each committee member completed the evaluation score sheet with the criteria outlined in the RFQ document. The firm receiving the highest score and recommendation for award is the design firm of C&S Companies. He further advised that subsequent prospective contract award is contingent upon Board approval of negotiated fee established following NYSDOT guidelines. This project will be funded from CPN 2250 and is 70% state funded and 30% airport funded. Mr. Heider moved to authorize negotiations for Professional Services Contract S-991 Design Services with C&S Companies. The motion was adopted unanimously.

10.6 Lease: 22 Jetway Drive, Building 119 – Hangar and Shop/Office Space with American Airlines, Inc.

This item was deferred to Executive Session. No action was taken.

10.7 Authorization to make purchases from the County of Albany using State of New York Contracts for Road Salt (Group #01800 / Award # 22955) through August 31, 2019

Mr. O’Reilly recommended authorization to make purchases from the County of Albany using State of New York Contracts for Road Salt (Group #01800 / Award # 22955) through August 31, 2019. He advised the Road Salt is purchased from Albany County Department of Public Works and this avoids the need for storage of this product. DPW extends the NYS Contract pricing to the Airport Authority from the awarded NYS vendor on an annual basis and in the past two years, we have issued purchase orders for amounts under $50,000. The consumption for 2017-2018 reached $65,000 and we are requesting board approval of the contract.

Dr. Greenberg moved to authorize said purchases from the County of Albany using State of New York Contracts for Road Salt (Group #01800 / Award # 22955) through August 31, 2019. The motion was adopted unanimously.

10.8 Service Contract: Service Contract No. SC-984: Snow Removal Services Peter Luizzi & Bros. Contracting, Inc.

Mr. O’Reilly recommended authorization to award Service Contract No. SC-984 for Snow Removal Services to Peter Luizzi & Bros. Contracting, Inc. He advised the total estimated cost is $450,000 to $1,337,000 for the contract with option years. He stated the Minimum Guarantee is $180,000 for first two years. This project will be funded from the Operating Budget.

Dr. Greenberg moved to authorize said service contract. The motion was adopted unanimously.

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10.9 Approve Operating Permit with Quick Flight, Inc. to Provide Aircraft Cleaning and Ground Handling Services to Frontier Airlines.

Mr. Stuto recommended authorization of Operating Permit with Quick Flight, Inc. to provide aircraft cleaning and ground handling services to Frontier Airlines. Mr. Heider moved to authorize said Operating Permit. The motion was adopted unanimously.

10.10 Concession Contract No. SC-988: Authorization to award Cash to Payment

Card Concessions Contract to Ready Credit Corporation with the exact location and equipment specification approved by Chief Executive Officer

Ms. Chadderdon recommended authorization to award Cash to Payment Card Concessions Contract to Ready Credit Corporation with the exact location and equipment specification to be approved by Chief Executive Officer.

Mr. Fresina moved to authorize the Cash to Payment Card Concessions Contract to Ready Credit Corporation with the exact location and equipment specification to be approved by the Chief Executive Officer. The motion was adopted unanimously.

10.11 Issue Purchase Order for Purchase of Materials at Fixed Cost Option – Glycol

Mr. O’Reilly recommended authorization of a Purchase Order for the purchase of materials (Type I and Type II Glycol) at fixed cost option in the amount of $830,000 (estimated usage) to be funded from account numbers 51109.60.0000 and 51111.60.0000. Fr. Doyle moved to authorize said Purchase Order. The motion was adopted unanimously

10.12 Lease Amendment: Addendum No. 3: Hangar Lease Agreement No. L-

759: Hyannis Air Service, Inc. d/b/a Cape Air & Nantucket Airlines

Mr. O’Donnell recommended authorization of Addendum No. 3 to Hangar Lease Agreement No. L-759: with Hyannis Air Service, Inc. d/b/a Cape Air & Nantucket Airline. Mr. O’Donnell advised the current Lease was effective July 1, 2011 and went to holdover, month-to month status December 31, 2017, and its term was most recently extended to December 31, 2017 by Amendment 2. He stated the Tenant is requesting to occupy additional space effective September 1, 2018 in the building, which will be an increase of 3,675 square feet from 9,045 sf to 12,720 sf. The rent will $5,891.87 per month. This Addendum will also extend the term of the lease to March 31, 2019 and will give Cape Air the option to extend the term of the lease one year from April 1, 2019 to March 31, 2020.

Ms. Reilly moved to authorize said Addendum No. 3 the Hangar Lease Agreement No. L-759: Hyannis Air Service, In. d/b/a Cape Air & Nantucket Airlines. The motion was adopted unanimously.

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10.13 Authorization to make purchases using State of New York Contracts:

Diesel Fuel (Group # 5602/ Award 23094) Mr. O’Reilly recommended authorization to make purchases using State of

New York Contract: Diesel Fuel (Group #5602/Award 23094) for an annual estimated cost of $300,000. He advised New York State Office of General Services Procurement Services have conducted a competitive bid for Diesel Fuel. The awarded vendors have agreed to offer the same terms and conditions of these contracts to the Airport.

Mr. Fresina moved to authorize said purchases using State of New York

contracts: Diesel Fuel (Group #5602/Award 23094). The motion was adopted unanimously.

10.14 Authorization to Accept the Draft SEQR Environmental Assessment

Form (EAF) and Adopt a SEQR Negative Declaration for Terminal Garage and Pedestrian Bridge Improvements

Mr. Iachetta requested authorization to Accept the Draft SEQR Environmental

Assessment Form (EAF) and Adopt a SEQR Negative Declaration for Terminal Garage and Pedestrian Bridge Improvements. He advised the proposed action is defined as a SEQR “Type 1” as proposed improvements involve construction of 1,000 parking spaces in the existing paved roadway and surface parking areas. He further advised the Full Environmental Assessment is attached with a project site location map. Funding has been established with a combination of Federal, State and Airport revenues for the subject parking improvements. The net addition of 720 parking spaces are required to meet peak travel period parking demand during holidays and school vacation periods. A SEQR Negative Declaration is recommended to be filed as no potential adverse effects are anticipated as result of the proposed improvements. Potential minor visual impacts to the Watervliet Shaker Historic District adjacent the site, southwest of County Highway #151-Dalessondro Boulevard, are proposed to be mitigated through improved pedestrian access to the District via approximately 160 linear feet of sidewalk access and signage improvements.

Dr. Greenberg moved to authorize the acceptance of the Draft SEQR

Environmental Assessment Form (EAF) and Adopt a SEQR Negative Declaration for Terminal Garage and Pedestrian Bridge Improvements. The motion was adopted unanimously.


NONE

12. Authorization of Federal and State Grants NONE

13. Procurement Approvals by CEO – Informational Only NONE

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Old Business: New Business: Attorney-Client Privilege Matters: Father Doyle made a motion to go into Executive Session. The motion was adopted unanimously. Executive Session:

ES-1 Matter Relative to a Particular Corporation ES-2 Matter Relative to a Particular Corporation ES-3 Proposed Lease of Real Property

One Matter of Attorney-Client Privilege

Mr. Heider made a motion to out of Executive Session. The motion was adopted unanimously. ES-2 - Father Doyle moved to authorize the CEO to make the final determination in awarding (Item No. 10.4 above) Contract No. 989-DEM (Demolition of Building #113 at 7 Jetway Drive (former sand storage building) to the lowest qualified bidder, based on the bids received. The motion was adopted unanimously. There being no further business, the meeting was adjourned at 1:35 p.m.

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REGULAR MEETING

AGENDA

September 17, 2018

General: 1. Chairman’s Remarks

2. Approval of Minutes

Regular Meeting – July 23, 2018 Special Meeting – August 27, 2018

3. Communications and Report of Chief Executive Officer 4. Interesting Correspondence

Management Reports:

5. Chief Financial Officer

5.1 Statistical and Financial Performance 5.2 Comparison of Enplanements 5.3 Summary of Airline Scheduled Flights and Markets 5.4 USDOT Arrival and Departure Statistics 5.5 Update on OPEB Trust Investment Strategy


7. Counsel 8. Concessions/Ambassador Program 9. Public Affairs

Action Items:


9

10.1 Approval of Sublease between AFCO Cargo ALB Limited Partnership

and G.A.T. Airline Ground Support, Inc. for Warehouse Space 10.2 Lease Addendum Authorization for Lease Addendum #7 to Airport Lease

Agreement with County to extend term until December 31, 2049 10.3 Purchase Order Runway Sweeper Replacement Brushes Contract # E-983 10.4 Construction/Demolition: Contract No. 989-DEM: Demolition of

Building #113 at 7 Jetway Drive (former sand storage building) TO BE HANDED OUT AT MEETING

10.5 Professional Services Contract: Negotiations: Contract No. S-991 Design

Services for Terminal AmenitiesDesign Services for Terminal Amenities

10.6 Lease: 22 Jetway Drive, Building 119 – Hangar and Shop/Office Space with American Airlines, Inc. 10.7 Authorization to make purchases from the County of Albany using State

of New York Contracts for Road Salt (Group #01800 / Award # 22955) through August 31, 2019

10.8 Service Contract: Service Contract No. SC-984: Snow Removal Services Peter Luizzi & Bros. Contracting, Inc. 10.9 Approve Operating Permit with Quick Flight, Inc. to Provide Aircraft

Cleaning and Ground Handling Services to Frontier Airlines. 10.10 Concession Contract: Authorization to award Cash to Payment Card

Concessions Contract to Ready Credit Corporation with the exact location and equipment specification approved by Chief Executive Officer

10.11 Issue Purchase Order for Purchase of Materials at Fixed Cost Option –

Glycol 10.12 Lease Amendment: Addendum No. 2: Hangar Lease Agreement

No. L-759: Hyannis Air Service, Inc. d/b/a Cape Air & Nantucket Airlines

10.13 Authorization to make purchases using State of New York Contracts: Diesel Fuel (Group # 5602/ Award 23094)


None

12. Authorization of Federal and State Grants

10

13. Procurement Approvals by CEO – Informational Only

Old Business: New Business: Executive Session: Matter relative to a particular corporation. Attorney-Client Privilege Matters: One Matter

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Minutes of the Special Meeting of the Albany County Airport Authority

October 18, 2018

Pursuant to notice duly given and posted, a special meeting of the Albany County Airport Authority was called to order on Monday, October 18, 2018 @ 11:30 a.m. in the Third Floor Conference Room located in the Terminal at the Albany International Airport by Chairman Kenneth J. Doyle with the following present:

MEMBERS PRESENT MEMBERS ABSENT

Rev. Kenneth J. Doyle Samuel Fresina Lyon M. Greenberg, M.D. Patricia M. Reilly Kevin R. Hicks Tony Gorman Steven H. Heider

STAFF

John A. O’Donnell William J. O’Reilly Peter F. Stuto Doug Myers Stephen Iachetta John LaClair Liz Charland Margaret Herrmann Helen Chadderdon

ATTENDEES

Dennis Feeney, Majority Leader

ACTION ITEMS


1.1 Amendment No. 1: Rooftop Communication Facility Lease Agreement with Societe Internationale De Telecommunication Aeronautiques

Mr. Stuto recommended authorization for Amendment No. 1 to the Rooftop Communication Facility Lease Agreement with Societe Internationale De Telecommunication Aeronautiquest (SITA). He stated SITA has been a tenant


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of the Airport Authority since 2001. SITA rents six square feet in the terminal and ten square feet on the terminal rooftop to accommodate an antenna. They are in the business of supplying data communication services between pilots and air traffic controllers. The current rent is $1,983 per year. They are seeking to remove the current antenna and install two new antennae on the terminal roof, and install corresponding electronic hardware inside the terminal. The total square footage will be less than 30 square feet. The initial rent will increase to $24,000 per year and be subject to a 3% annual cost of living increase. Dr. Greenberg moved to authorize said Lease Amendment No. 1 with Societe Internationale De Telecommunication Aeronautiques. The motion was adopted unanimously.

1.2 Approve the Sale of $25,000,000 of Bonds by Private Negotiated Sale in

accordance with the attached Plan of Finance. Approve Plan of Finance.

Mr. O’Reilly requested approval for the Sale of $25,000,000 (twenty-five million) of Bonds by Private Negotiated Sale. He advised that the Master Resolution adopted by the Authority on January 6, 1997 prescribes the limitations and the conditions of issuance and the Form of any bonds issued by the Authority. If approved, the Authority will return with the necessary Supplemental Resolution, to Issue bonds and the Bank LOC Agreement at the next regular Board meeting. Both of these items will require the approval of the Comptrollers of the County of Albany and the State of New York as recommended by the Finance Committee. Mr. O’Reilly provided Father Doyle with a letter stating the substantial reasons the Authority should sell its bonds through a Private Negotiated Sale. Father Doyle signed and distributed his own letter to the Members of Authority recommending that the Authority find that the interest of the Authority will be served by the sale of the Authority’s Series 2018 Bonds at a Private Negotiated Sale as structured in the Preliminary Financing Plan dated October 18, 2018. Mr. Gorman moved to approve the Sale of $25,000,000 of Bonds by private negotiated sale in accordance with the approved plan of Finance as recommended by the Finance Committee. The motion was adopted unanimously.

1.3 Professional Services Contract: Contract No. S-995 Preliminary Design Services for Expansion of Hangars 202 and 203 Mr. O’Donnell recommended approval of Professional Services Contract No. S-995 for the Preliminary Design Services for Expansion of Hangars 202 & 203 with BBL in the amount of $29,600 to be funded from account number 47000-71-0000. Mr. Heider moved to approve Professional Service Contract No. S-995 for Preliminary Design Services for Expansion of Hangars 202 and 203 in the amount of $29,600 with BBL. The motion was adopted unanimously.

Old Business:

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OB-1 Lease: 22 Jetway Drive, Building 119 – Hangar and Shop/Office Space

with American Airlines, Inc. (DEFERRED from September 17, 2018 Meeting) Mr. Stuto recommended approval of a lease with American Airlines Inc. He advised the lease space is 37,416 sf at 22 Jetway Drive (Building 119) and will be utilized as an aircraft maintenance facility. The space is comprised of 29,737 sf hangar space with the remainder shop/office space. The lease is for a five-year initial term with renewals to be agreed upon between the parties. The initial rent is $289,980 per year and will increase 2% per year. The total rent is $7.75 per sf comprised of a base rent of $5.50 per sf plus a common area maintenance charge of $1.25 per sf plus an electricity charge of $1.00 per sf. The new lease amount will be $289,980 annually subject to a 2% annual adjustment. Mr. Gorman move to approved the Lease at 22 Jetway Drive (Building 119). The motion was adopted unanimously.

Executive Session:

ES-1 – Public Safety Father Doyle made a motion to go into Executive Session to discuss one matter of public safety. The motion was adopted unanimously. Dr. Greenberg made a motion to out of Executive Session. The motion was adopted unanimously.

There being no further business, the meeting was adjourned at 12:05 p.m.

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SPECIAL MEETING

AGENDA

October 18, 2018

Action Item:

1. Authorization of Contracts/Leases/Contract Negotiations/Contract Amendments 1.1 Amendment No. 1: Rooftop Communication Facility Lease Agreement with

Societe Internationale De Telecommunication Aeronautiques

1.2 Approve the Sale of $25,000,000 of Bonds by Private Negotiated Sale in accordance with the attached Plan of Finance. Approve Plan of Finance.

1.3 Professional Services Contract: Contract No. S-995 Preliminary Design Services

for Expansion of Hangars 202 and 203 Old Business: OB-1 Lease: 22 Jetway Drive, Building 119 – Hangar and Shop/Office Space

with American Airlines, Inc. (DEFERRED from September 17, 2018 Meeting)

Executive Session:

ES-1 – Public Safety

AGENDA ITEM NO. 3

Communications and

Report of Chief Executive Officer




SUITE 200 SITE: www.flyalbany.com


MEMO: November 1, 2018 TO: Albany County Airport Authority Board Members FROM: John A. O’Donnell, Chief Executive Officer Attached is the report of significant events for the period through November 1, 2018 as well as forward-looking, noteworthy items. If you have any questions regarding this report, please let me know.






CHIEF EXECUTIVE OFFICER’S REPORT

November 2018

Albany County Agrees to Authority Lease Extension

The Authority received a $22,131,900 New York State Grant to modernize the Airport Terminal and build a 1,000 car parking garage. The total preliminary project value is in the range of $42 million. The Authority needs to fund the balance of the funds to complete the project as outlined in the grant agreement with New York State. To facilitate the borrowing for the 30 year-term, a lease extension is required to December 31, 2049. The members of the Albany County Legislature unanimously approved the resolution to extend the lease. Our CFO is actively taking the necessary steps for the issuance of bonds and a Letter of Credit to support the cost to make the airport improvements.

Chick-fil-A Opened on October 19

On Friday, October 19 the newest food concession opened for business. The passengers and airport staff flocked to the new location and the sales have been reported as robust. The next location to be renovated is across from the Dunkin store located just before the security checkpoint. The location will be serving grilled food, deli sandwiches and locally produced wine and craft beer and will be name the Albany Empire Deli.

New Parking Garage Design is Advancing

Preliminary drawings for the new parking garage are advancing. The design includes a 5 level garage with a heated pedestrian bridge and a vehicular bridge located on the south end to serve as an entrance from Albany Shaker Road. The new garage will have tinted precast spandrel beams and brickwork to match the existing garage and three elevators to provide vertical transportation. The decks will be level and have a clear height of eight feet. The precast concrete work will be bid on November 30, 2018. The garage is scheduled to be complete in March of 2020.

AGENDA ITEM NO. 4

Interesting Correspondence

AGENDA ITEM NO. 5

Financials

AGENDA ITEM NO. 5.1

FINANCIAL PERFORMANCE

FINANCIAL REPORT (unaudited)

For the Quarter Ended

September 30, 2018

*** UNAUDITED - FOR INTERNAL REVIEW***

Page

Financial Information ............................................................ 1 Management’s Discussion and Analysis Statements of Net Position Statements of Revenues, Expenses and Changes in Net Position Statements of Cash Flows Statements of Fiduciary Fund Net Assets Statements of Changes in Fiduciary Fund Net Assets Notes to the Financial Statements Financial Summary Statistical Highlights ............................................................ 44 Airport Revenues ................................................................. 55 AvPort Airport Operations .................................................. 65 Million Air FBO Operations ................................................ 75 Authority Operations ........................................................... 90 Investment Report ................................................................ 99

MANAGEMENT’S DISCUSSION AND ANALYSIS

This Management Discussion and Analysis (MD&A) of the Albany County Airport Authority (the Authority) provides an introduction of the basic financial statements for the quarter September 30, 2018 with selected comparative information for the quarter ended September 30, 2017 and September 30, 2016. Management prepared this unaudited MD&A, which should be read in conjunction with the financial statements, and the notes thereto, which follow in this section.

BASIC FINANCIAL STATEMENTS

The Authority’s basic financial statements include three financial statements: the Statements of Net Position, the Statements of Revenues, Expenses and Changes in Net Position and the Statements of Cash Flows. The financial statements are prepared in accordance with accounting principles generally accepted in the United States of America as promulgated by the Governmental Accounting Standards Board (GASB). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. However, we believe that all disclosures are adequate to make the information presented not misleading. The December 31, 2017 Statements of Net Position and other prior year condensed financial information was derived from the Authority’s audited 2017 basic financial statements, as restated to implement recently issued accounting standards, and other unaudited sections of the Authority’s 2017 Comprehensive Annual Financial Report, but is not presented with all disclosures required by accounting principles generally accepted in the United States of America. The accompanying unaudited financial statements should be read in conjunction with the audited basic financial statements and the notes thereto, included in our Comprehensive Annual Financial Report for the year ended December 31, 2017 and the notes attached to these statements. In the opinion of our management, adjustments necessary to fairly present our financial position, report total operating revenues, operating expenses, non-operating income and expenses, capital contributions and the changes in net position during the nine months ended September 30, 2018 and 2017 and cash flows for the interim periods presented have been included. The results of operations for the nine months ended September 30, 2018 are not necessarily indicative of the results to be expected for the full year or for any future periods. Also included are the Statements of Fiduciary Fund Net Position and the Statements of Changes in Fiduciary Fund Net Position.

The Statements of Net Position depict the Authority’s financial position at September 30, 2018 and December 31, 2017, the end of the Authority’s previous fiscal year. The Statements report all assets, deferred outflows of resources, liabilities, deferred inflows of resources and net position. Net position is displayed in three components: net investment in capital assets, restricted (distinguished between major categories of restrictions) and unrestricted.

The Statements of Revenues, Expenses and Changes in Net Position report total operating revenues, operating expenses, non-operating income and expenses, capital contributions and the changes in net position during the nine months ended September 30, 2018 and 2017. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of the cash flows.

The Statements of Cash Flows present information showing how the Authority’s cash and cash equivalents position changed during the nine months ended September 30, 2018 and 2017. The Statements classify cash receipts and cash payments by Operating Activities, Noncapital Financing Activities, Investing Activities, and Capital and Related Financing Activities.

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The Statements of Fiduciary Fund Net Position is a snapshot of account balances of the Authority’s fiduciary fund at September 30, 2018 and December 31, 2017. It indicates the assets available for future payments for retiree benefits and any current liabilities that are owed at this time.

The Statements of Changes in Fiduciary Fund Net Position, on the other hand, provides a view of current period additions to and deductions from the net position held in the Trust during the nine months ended September 30, 2018 and 2017.

AIRPORT ACTIVITIES HIGHLIGHTS

The County of Albany owns the Albany International Airport (the Airport) and entered into an Airport Lease Agreement, pursuant to which the County leased the Airport to the Authority for a 40 year term commencing May 16, 1996. In October 2018, the Albany County Legislature approved an extension amending the date of the lease agreement through December 31, 2049. The lease extension is currently with the Albany County Executive for execution.

The Authority employs two firms to manage the daily operations of the Airport:

AFCO AvPorts Management LLC, (d/b/a Avports) manages the daily operations of the airport including airfield,

terminal, security, ARFF, landside, building and vehicle maintenance and public parking pursuant to a managementservices agreement.

REW Investments, Inc., (d/b/a Million Air) manages the daily operations of the Fixed Based Operations (FBO) of

the airport including fuel farm management, commercial aviation into-plane fueling, and ground handling, fueling andhangaring of general aviation aircraft pursuant to a management services agreement.

The Authority’s revenues are derived primarily from: Airline rates and charges for the use of the Airport’s facilities in the form of landing fees, terminal rentals, apron fees and loading bridge charges received from airlines using the Airport; concession fees from vendors serving the passengers including food and beverage, retail and rental cars; public parking

fees including surface and garage parking; and FBO activities from general aviation activities.

AIRPORT REVENUES

Five major factors impact airport revenues: commercial operations, enplanements, FBO operations, concessions and parking:

COMMERCIAL OPERATIONS The following shows the major indicators of the total commercial airline activities during the first nine months of 2018, 2017 and 2016:

2018 2017 2016Enplanements 1,097,862 1,066,934 1,060,634

% increase/(decrease) 2.9% 0.6% 9.5%

Aircraft Landed Weight 1,211,552,728 1,195,479,172 1,192,311,055 % increase/(decrease) 1.3% 0.3% 14.0%

Operations (take-offs and landings)Commercial 35,589 35,314 35,352 General Aviation 10,178 10,880 11,112 Military 2,526 2,289 2,357 Total 48,293 48,483 48,821 % increase/(decrease) -0.4% -0.7% 8.1%

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Regular scheduled daily passenger flights departing from Albany decreased to 54 in September 2018 compared to 59 in September 2017 and 58 in September 2016. This does not include 3 flights a week to Denver offered by Frontier Airlines. Published available seats for the first nine months of 2018 increased by 37,742 or 3.0% and the passenger load factor increased to 84% from 82% in 2017, resulting in an increase in enplanements for the first nine months of 2018. The published available seats and the passenger load factors for the first nine months of 2018, 2017 and 2016 are below: Landing fee revenues are not sensitive to the number of operations or landed weight because the agreements with the airlines and cargo carriers provides for the Signatory Passenger and Cargo Airlines to fund the operating costs of the Airfield after receiving credit for all airfield revenue. Accordingly, landing fee revenue is sensitive to changes in the annual cost of operating the airfield that fluctuate with the weather and maintenance needs. The change in airline operations and gross landed weight by airline for the first nine months of 2018 compared to 2017 and 2017 compared to 2016 is as follows: As of September 30, 2018, two regularly scheduled express mail and various special cargo carriers serve this Airport.

Carriers Flights Carriers Flights Carriers FlightsJet Service

Major Carriers 5 22 5 23 5 24Regional Carriers 9 26 11 22 10 17

Commuter ServiceRegional Carriers 1 6 4 14 3 17

Total 15 54 20 59 18 58

2018 2017 2016

2018 2017 2016Total Available Seats 1,313,421 1,275,679 1,288,206 Passenger Load Factor 84% 82% 80%

Change in Change in Change in Change inOperations Landed Weight Operations Landed Weight

American (514) (6,492,819) 64 4,412,486 Boutique Air (150) (828,100) 652 3,318,023 Cape Air (506) (1,733,054) (826) (2,829,053) Delta (30) 1,728,281 (70) 1,178,851 Elite Airways 92 2,182,000 - - Frontier 8 568,791 - - Jet Blue 12 988,785 (28) (2,126,361) One Jet 526 9,404,119 218 1,711,299 Southwest (264) (8,873,601) 70 584,000 United 440 19,367,654 144 (4,445,128) Other (4) (238,500) 22 1,364,000 Total (390) 16,073,556 246 3,168,117

2018 vs. 2017 2017 vs. 2016

2018 2017 2016Mail and Express Cargo Tons 13,859 13,930 13,817

% increase/(decrease) -0.5% 0.8% -3.0%

3

ENPLANEMENTS

Enplanements for the first nine months of 2018 compared to the first nine months of 2017 increased by 30,928 passengers, compared to an increase of 92,455 for 2017 vs. 2016. The changes in enplanements by airline, including their express carriers is as follows:

FBO OPERATIONS

REW Investments, Inc. (d/b/a Million Air) manages the daily operations of the FBO. A summary of the operating revenues and expenses, the gallons of Jet A and Aviation Gasoline sold, gallons of glycol sold and sprayed and the Jet A transferred to the commercial and cargo airlines is as follows for the first nine months of 2018, 2017 and 2016:

2018Market Total 2018 2018 vs. Total 2017 2017 vs.Share Enplanements 2017 Enplanements 2016

American 21.1% 231,215 2,324 228,891 19,973 Boutique Air 0.1% 827 (436) 1,263 - Cape Air 0.8% 8,991 (1,032) 10,023 68 Delta 15.4% 168,745 3,410 165,335 (1,502) Elite Airways 0.1% 1,044 1,044 - - Frontier 0.1% 575 575 - - Jet Blue 6.2% 67,563 19 67,544 64,853 One Jet 0.4% 3,964 3,468 496 - Southwest 39.0% 428,356 (2,347) 430,703 10,227 United 16.9% 185,747 23,832 161,915 (1,419) Other 0.1% 835 71 764 255 Total 100.0% 1,097,862 30,928 1,066,934 92,455

2018 vs. 2017 vs.2018 2017 2017 2016 2016

Revenues 7,736,099$ 23.6% 6,260,198$ 4.4% 5,995,394$

Expenses (inc. cost of sales) 6,435,161$ 21.3% 5,304,215$ 7.6% 4,927,753$

Retail Gallons Sold

Jet A 885,839 17.8% 751,867 -3.5% 779,015

AvGas 40,597 -18.5% 49,782 -6.9% 53,468

Commercial AvGas 71,618 -17.5% 86,807 -22.7% 112,238

Glycol Gallons - Consortium 73,261 15.1% 63,643 53.9% 41,349

Glycol Gallons - Sprayed 66,508 91.9% 34,661 63.6% 21,186

Jet A Fuel Into-Plane Gallons 15,481,291 5.3% 14,704,088 4.9% 14,021,680

4

CONCESSIONS

Concession revenues for the first nine months of 2018 were $6,128,096, a 1.6% increase from the first nine months of 2017. Concession revenues for the first nine months of 2017 were 4.2% higher than 2016.

Concession revenue highlights for the first nine months of 2018 compared to 2017 and 2016 are as follows:

PARKING

The Airport directly manages all on-airport parking operations which at September 30, 2018 consisted of 222 short-term garage/surface, 1,912 long-term garage, 1,789 long-term surface, and 2,763 remote shuttle served parking spaces. Revenue for first nine months of 2018 compared to the first nine months of 2017 and 2016 are as follows:

2018 vs. 2017 vs.2018 2017 2017 2016 2016

Rental Car RevenuesSales 40,345,695$ 0.6% 40,098,270$ 1.9% 39,333,308$ Authority Revenues 3,995,732$ -2.1% 4,082,427$ 3.8% 3,932,205$

Food & BeverageSales 6,203,297$ 1.2% 6,131,404$ 0.2% 6,117,892$ Authority Revenues 814,570$ 37.1% 594,076$ -0.1% 594,651$

RetailSales 3,037,200$ 4.2% 2,915,734$ 4.9% 2,778,367$ Authority Revenues 638,722$ 3.5% 617,144$ 2.9% 599,506$

Total Authority Concession Revenues 6,128,096$ 1.6% 6,029,644$ 4.2% 5,789,180$ Concession Revenue per Enplanement 5.58$ -1.2% 5.65$ 3.5% 5.46$

2018 vs. 2017 vs.2018 2017 2017 2016 2016

Public ParkingRevenues 11,465,282$ 1.1% 11,341,548$ 0.9% 11,243,169$ # of Vehicles Parked 476,051 -0.8% 480,087 -0.9% 484,330 Parking Revenue per Enplanement 10.44$ -1.8% 10.63$ 0.3% 10.60$

5

SUMMARY OF REVENUES, EXPENSES AND CHANGES IN NET POSITION

The changes in net position over time may serve as a useful indicator of changes in the Authority’s financial position. A summary of the Authority’s change in net position for the first nine months ended September 30 is below:

The Authority’s operating revenues and expenses include the sales and cost of sales of fuel purchased and sold to general aviation customers through the FBO and also revenues for deicing activities. Gallons of jet fuel sold were 779,015, 751,867 and 885,839 for the first nine months of 2016 to 2018, respectively. The FBO provides fueling services for all commercial airlines at the Airport. Some of the airlines provide their own aircraft deicing services. Accordingly, commercial aircraft deicing service revenue is sensitive to both demand for services and need for services based upon weather conditions. The table below summarizes FBO revenues, expenses and net revenues for the first nine months of 2018, 2017 and 2016:

2018 2017 2016

Operating Revenues 40,120,112$ 37,657,606$ 36,513,975$

Operating Expenses (27,237,325) (24,897,258) (23,271,750)

Revenues in excess of expenses

before depreciation 12,882,787 12,760,348 13,242,225

Depreciation (10,580,625) (10,580,625) (10,200,000)

Income before non-operating income

and expenses 2,302,162 2,179,723 3,042,225

Non-Operating income and (expenses), net 1,824,386 753,061 164,379

Income before capital contributions 4,126,548 2,932,784 3,206,604

Capital Contributions 3,095,774 486,417 838,282

Net Position

Increase in Net Position 7,222,322 3,419,201 4,044,886

Net position, beginning of year 211,113,544 210,454,518 207,948,796

Net position, end of quarter 218,335,866$ 213,873,719$ 211,993,682$

2018 2017 2016

FBO revenues 7,736,099$ 6,260,198$ 5,995,394$

FBO expenses 6,435,161 5,304,215 4,927,753

FBO net revenues 1,300,938$ 955,983$ 1,067,641$

6

OPERATING REVENUES AND NON-OPERATING INCOME HIGHLIGHTS Total revenues for the first nine months of 2018 were $3.0 million or 7.1% greater than the first nine months of 2017. Fixed Based Operations revenues increased in the first nine months of 2018 due to higher deicing revenues.

Allocation of YTD 2018 Operating Revenues by Category

Airfield15%

Fixed Based Operations

19%

Terminal13%

Ground Transportation

30%

Concessions15%

Other8%

2018 2017 2016Operating Revenues

Airfield 5,856,779$ 5,385,597$ 5,472,129$ Fixed Based Operations 7,736,099 6,260,198 5,995,393 Terminal 5,380,813 5,167,942 4,779,351 Ground Transportation 11,804,691 11,593,911 11,469,404 Concessions 6,128,096 6,029,644 5,789,180 Other 3,213,634 3,220,314 3,008,518

Non-Operating IncomePassenger Facility Charges 4,182,883 4,003,784 4,146,820 Grant Income 277,817 103,740 187,812 Improvement Charges 276,300 276,300 276,300 Insurance Recoveries 76,654 - - Interest Income 87,901 6,387 6,619

Total 45,021,667$ 42,047,817$ 41,131,526$ Percentage of Increase 7.1% 2.2% 6.3%

7

OPERATING EXPENSES AND NON-OPERATING EXPENSES HIGHLIGHTS

Total expenses for the first nine months of 2018 increased $1.8 million or 4.6% as compared to the first nine months of 2017. Higher costs for Fixed Based Operations deicing supplies, higher snow removal supplies and services all accounted for the increase in expenses during 2018 as compared to 2017.

Allocation of YTD 2018 Operating Expenses by Category

Personal services29%

Employee benefits14%Utilities &

communications7%

Purchased services18%

Material & supplies28%

Administration4%

Non-capital equipment

1%

2018 2017 2016Operating Expenses

Personal services 7,825,215$ 7,547,134$ 7,196,824$ Employee benefits 3,836,186 3,647,120 3,326,824 Utilities & communications 1,672,600 1,601,184 1,681,538 Purchased services 5,014,668 4,755,695 4,353,928 Material & supplies 7,574,574 6,212,664 5,552,894 Administration 1,091,587 1,077,433 1,593,474 Non-capital equipment 222,495 177,914 182,040

Depreciation 10,580,625 10,580,625 10,200,000 Non-Operating Expenses

Interest Expense 2,949,284 3,458,054 3,762,140 Insurance Expenses 76,654 - - Amortization of Bond Insurance Premiums 51,231 57,210 75,260

Total 40,895,119$ 39,115,033$ 37,924,922$ Percentage of Increase 4.6% 3.1% 0.6%

8

FINANCIAL POSITION SUMMARY

The Statements of Net Position depict the Authority’s financial position as of one point in time – December 31 – and reflects the residual difference between all assets, deferred outflows of resources, liabilities and deferredinflows of resources of the Authority. Net position represents the residual interest in the Authority’s assetsafter deducting liabilities. The Authority’s net position was $218.3 million at September 30, 2018, a $2.0Mincrease from December 31, 2017.

A condensed summary of the Authority’s total net position at September 30, 2018 and December 31, 2017 and 2016 is set forth below:

Net position is comprised of three components as follows:

Investment in capital assets (e.g., land, buildings, improvements, and equipment), less the related indebtedness outstanding used to acquire those capital assets, represents the largest portion of the Authority’s net position (75.5% at September 30, 2018). The Authority uses these capital assets to provide services to the airlines, passengers and to service providers and users located at the Airport; consequently, these assets are not available for future spending. Although the Authority’s net investment in capital assets is net of related debt, the resources required to repay this debt annually are paid from operations, since it is unlikely that the capital assets will be liquidated to pay liabilities.

Restricted net position (15.0% at September 30, 2018), principally representing bond reserves and PFC funds, are restricted as to use pursuant to bond resolutions and Federal regulations. The restricted component of net position consists of restricted assets reduced by liabilities and deferred inflows of resources related to those assets.

September 30, 2018 December 31, 2017 December 31, 2016

ASSETSCapital assets 237,281,882$ 245,397,366$ 249,869,538$ Other assets 66,205,342 55,013,670 53,736,552

Total Assets 303,487,224 300,411,036 303,606,090

DEFERRED OUTFLOWS OF RESOURCES 5,527,357 4,722,111 5,918,434

LIABILITIESCurrent (payable from unrestricted assets) 2,420,390 6,017,006 7,063,124 Current (payable from restricted assets) 10,627,515 11,366,663 9,721,183 Noncurrent liabilities 76,672,409 70,583,675 81,509,179

Total Liabilities 89,720,314 87,967,344 98,293,486

DEFERRED INFLOWS OF RESOURCES 958,401 865,063 776,520

NET POSITIONNet investment in capital assets 164,815,279 172,661,198 170,626,920 Restricted 32,670,362 22,238,003 21,191,423 Unrestricted 20,850,225 21,401,539 18,636,175

Net Position 218,335,866$ 216,300,740$ 210,454,518$

9

Unrestricted net position totaling $20.9 million (9.5% at September 30, 2018) are available to meet any of the Authority’s ongoing obligations. The unrestricted component of net position is the net amount of the assets, deferred outflows of resources, liabilities and deferred inflows of resources that are not included in the determination of net investment in capital assets or the restricted component of net position.

AIRLINE SIGNATORY RATES AND CHARGES

The Authority and airlines entered into a Use and Lease Agreement (“Agreement”) effective January 1, 2016 for five years, with an option for a five-year renewal, which establishes how the airlines that signed the Agreement will be assessed annual rates and charges for their use of the Airport. In the Agreement, signatory airlines have the option to designate some or all of their affiliate carriers as signatory airlines. This entitles the affiliates to signatory rates and charges for use of the Airport. As of September 30, 2018, signatories in the Agreement include six commercial, nineteen affiliate carriers and two cargo airlines.

The Agreement with the signatory airlines is based on a hybrid rates and charges methodology. A residual cost methodology is used for the airfield and a commercial rental rate methodology for the terminal. The apron charge is based on a 10% allocation of total airfield costs and loading bridge rental rates is based on total actual operating costs for all the loading bridges. The resulting funds remaining each year are split fifty/fifty between the Authority and the signatory airlines. Each year the Authority prepares and issues an actual airline rates and charges analysis report in accordance with the Agreement and financial statements prepared in accordance with GAAP as audited by independent public accountants as of December 31. The Authority has the ability under the Agreement to adjust airline rates and charges at any time throughout the year to ensure adherence to all financial covenants in its bond resolutions. The Authority can impose a “Capital Charge Coverage” equal to 25% of its required debt service and also apply the Airline Share of Revenue sharing to meet debt service coverage if needed. Capital Charge Coverage provides for revenues less expenses, to be not less than one-hundred twenty-five percent (125%) of annual debt service. If needed to meet debt service coverage, the Airline Revenue Sharing is first suspended. The Authority may also impose “Extraordinary Coverage Protection”, if necessary to meet the covenant debt service coverage ratio. The final rates and charges, after all year-end settlement adjustments and the revenue sharing allocations in accordance with the definitions and formulas contained in the Agreement with the signatory airlines are as follows:

Budget Actual Actual2018 2017 2016

Landing Fees (per 1,000 lbs. MGLW) 3.33$ 3.12$ 2.73$ Terminal Rental Rate (per square foot) 81.57$ 79.86$ 81.11$ Apron Fees (per square foot) 1.38$ 1.33$ 1.19$ Loading Bridge (annual rate) 40,849$ 47,237$ 40,383$ Airline Airport Cost per Enplanement 7.17$ 6.57$ 6.00$ Revenue Sharing Credit 2,002,289$ 2,439,847$ 3,137,355$

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CASH MANAGEMENT POLICIES AND CASH FLOW ACTIVITIES

All cash receipts are initially deposited daily into collateralized or insured bank accounts. After initial deposit of receipts, all funds are transferred to various segregated bank accounts comprising the various funds defined in the Authority’s Master Bond Resolution. The Authority’s temporarily idle cash is maintained in collateralized or insured bank accounts consistent with the Authority’s liquidity, available short-term investment opportunities, and desired level of risk. The Authority’s maintains some debt service reserves in United States Treasury obligations. All deposits and investments are in compliance with the laws of the State and the Cash Management and Investment Policy adopted by the Authority.

Cash equivalents represent cash-on-hand, bank deposits and liquid investments with a maturity of three months or less. The following shows a summary of the major sources and uses of cash and cash equivalents for the first nine months of 2018, 2017 and 2016:

The Authority’s available cash and cash equivalents increased during the first nine months of 2018 by $3,061,258. Cash and cash equivalents as of September 30, 2018, 2017 and 2016 are composed of:

2018 2017 2016Cash flows from:

Operating Activities 10,678,817$ 10,235,254$ 13,204,134$ Non Capital Financing Activities 277,817 103,740 187,812Investing Activities (10,711,641) 19,917 17,488 Capital and related financing activities 2,816,265 (1,483,690) 1,582,880

Net increases in cashand cash equivalents 3,061,258 8,875,221 14,992,314

Cash and Cash Equivalents:Beginning of period 47,905,608 48,024,342 40,138,544 End of period 50,966,866$ 56,899,563$ 55,130,858$

2018 2017 2016Funds available for unrestricted operations 25,522,910$ 23,649,282$ 22,561,848$ Restricted for:

Capital Projects 3,398,802 4,083,246 4,674,915 PFCs available for debt service payments 12,122,180 9,446,908 7,828,771 Revenue bond reserves 8,848,909 18,756,836 19,220,849 Other restrictions 1,074,065 963,291 844,475

Total 50,966,866$ 56,899,563$ 55,130,858$

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CAPITAL ACTIVITIES The enabling legislation creating the Authority set forth that every five years the Authority must submit to the County legislature for approval a capital plan for the subsequent five year period. The plan for 2015 – 2019 was approved by the County on December 1, 2014. The original plan provided for total spending of up to $120.5 million over five years of which $61 million is eligible for 95% grant funding. On May 8, 2017, the County of Albany approved an amendment to the capital plan to reallocate certain projects and increase total authorized by $22 million to a new total of $142.5 million. The plan does not represent a firm commitment of the Authority. The Authority has included every known possible project that could conceivably occur during the five year period for disclosure purposes. During the remainder of the 2014-2019 capital plan, as amended, the Authority may issue additional debt for projects not eligible for grant funding. There is no assurance that future Federal or State grant funds will be awarded to the Authority as anticipated in the plan. At September 30, 2018, the Authority has $13.3 million outstanding capital commitments. Approved projects requiring additional financing in the plan are very likely to be deferred. The following is a summary of the approved 2015 – 2019 capital plan including the activity through September 30, 2018:

LONG-TERM DEBT ADMINISTRATION

The Authority issued Airport Revenue Bonds to provide funds for the acquisition and construction of major capital facilities. Airport Revenue Bonds are direct obligations and are pledges by the full faith and credit of the Authority. Certain outstanding bonds may be redeemed prior to their normal maturity dates in accordance with the terms of the related bond indentures. The Authority has never defaulted on any principal or interest payments. In accordance with Section 2785 of the New York Public Authorities Law, the Authority may issue Bonds, Notes and Other Obligations up to $285 million outstanding at any time plus certain amounts issued for refunding purposes. The total Authority principal debt outstanding at September 30, 2018 for General Airport Revenue Bonds (GARB) was $77,318,000, the same as December 31, 2017. The aggregate par amount of

Total 2015- Total Plan2019 Plan Through 9-30-18

Approved ProjectsAirfield 34,520,000$ 7,996,836$ Terminal 14,000,000 9,674,708 Landside 60,000,000 15,932,692 Major Equipment 12,000,000 4,054,877 Total 120,520,000$ 37,659,113$

Projected Funding SourcesFederal Funds 61,020,000$ 19,207,250$ State Funds 6,250,000 5,373,793 Debt Issuances 34,500,000 - Authority Funds 18,750,000 13,078,070 Total 120,520,000$ 37,659,113$

12

bonds issued by the Authority outstanding as of September 30, 2018 and December 31, 2017 is summarized in the following table: In the table above, the bonds and debt obligation are presented on a stated par-amount basis. Under generally accepted accounting principles certain items associated with the debts above are deferred and amortized into future periods by subtracting or adding the deferred items to the stated par amounts outstanding and expensing those deferred items in future periods as the debt matures using a systematic and rational method that conforms with generally accepted accounting described in Note 2 to the Financial Statements. The reported amount of bonds issued by the Authority that was outstanding as of December 31, 2017, additions and/or deletions during the first nine months of 2018, and the balances reported at September 30, 2018 with adjustments to the reported value required by generally accepted accounting principles is summarized in the following table:

REFUNDING BONDS ISSUED IN 2017

On April 13, 2017 the Authority completed the marketing and pricing for the sale of its Series 2017 Bonds in the total par amount of $14,395,000 of which $7,795,000 were sold as Series 2017A Non-AMT (not subject to any Federal Tax) and $6,600,000 were sold as Series 2017B AMT (subject to the Federal Alternative Minimum Tax). The Series 2017 Bonds were used, along with other funds of the Authority, to fully refund the Authority’s Series 2003A, Series 2006A, Series 2006B, and Series 2006C Bonds in the aggregate amount of $16,490,000 (the Refunded Bonds). At September 30, 2018 the Authority maintained debt service reserve funds in the amount of $11.1 million and Passenger Facility Charge Funds in the amount of $12.1 million, both of which are restricted to repayment of

Outstanding OutstandingIssued at 12-31-17 at 9-30-18

Authority Revenue Bonds1999 NYS EFC 7,895,303$ 1,128,000$ 1,128,000$ 2010 Refunding Series A & B 109,855,000 62,845,000 62,845,000 2017 Refunding Series A & B 14,395,000 13,345,000 13,345,000

Total Authority Debt Obiligations 117,750,303$ 77,318,000$ 77,318,000$

Outstanding Outstandingat 12-31-17 Additions Deletions at 9-30-18

Authority Revenue Bonds/Debt ObligationsBonds Payable

1999 NYS EFC 1,128,000$ -$ -$ 1,128,000$ 2010 Series A Refunding 62,845,000 - - 62,845,000 2017 Series A & B Refunding 13,345,000 - - 13,345,000

Total Bonds Payable 77,318,000 - - 77,318,000Deferred Loss on Refunding (4,084,312) - 789,297 (3,295,015) Unamortized Premiums/Discounts (net) 2,248,605 - (500,514) 1,748,091

Net Bonds Payable 75,482,293 - 288,783 75,771,076

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debt. Thus, the Authority’s direct obligations outstanding, net of funds restricted for the repayment of debt, was $54.1 million in aggregate par amount of bonds outstanding.

The graph and table below presents combined annual debt service to maturity as of September 30, 2018:

On May 18, 2018 the Authority accepted a Settlement Offer Payment of $1.5 million for interest rate manipulation from a bank counter party to an Interest Rate Swap Agreement it entered in 2008 as a result of a 2005 option it granted to the bank counterparty and which it terminated in 2010. The class action was advanced and approved by forty-five (45) State Attorney Generals including the New York State Attorney General. In the GAAP Financial Statements, these proceeds will be reported as a Special Item. This payment was received during September 2018 and will be treated as a refund of debt service under the Signatory Airline Agreement and result in a corresponding reduction in the application of Passenger Facility Charge Funds budgeted for 2018. The Authority pledged as part of its Series 2017 Bond Issuance to apply between $2.5 million and $4.5 million of PFCs to eligible debt service through 2020 and will meet this pledge requirement.

2018 12,966,335$ 2024 9,600,881$ 2030 1,085,431$ 2019 10,385,696 2025 9,594,631 2031 358,863 2020 9,686,381 2026 9,608,463 2032 363,056 2021 9,694,381 2027 1,089,575 2033 361,450 2022 9,699,881 2028 1,096,950 2034 253,800 2023 9,707,881 2029 1,084,925 2035 244,400

Year/Debt Service

14

$14,000,000

$12,000,000

$10,000,000

$8,000,000

$6,000,000

$4,000,000

$2,000,000

$0 I I I I • • • _ _

~ ~ 0 ~ N M ~ ~ ~ ~ ~ ~ 0 ~ N M ~ ~ ~ ~ N N N N N N N N N N M M M M M M 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 N N N N N N N N N N N N N N N N N N

OTHER POSTEMPLOYMENT BENEFITS (OPEB) TRUST In 2009 the Authority created the Albany County Airport Authority OPEB Trust to receive, accumulate, and administer funds to pay expenses for its retired employees who are eligible to receive medical insurance in retirement. The Trust is a legally separate component unit of the Authority. Under generally accepted accounting principles in effective through December 31, 2017, the unfunded liability for OPEB benefits was not reported on the employers Statement of Net Position. Effective January 1, 2018 the Authority implemented Government Accounting Standards Board Statement Number 75 – Accounting and Reporting for Postemployment benefits Other Than Pensions (GASBS 75). Among other things, GASBS 75 requires employers to include the actuarially determined unfunded OPEB liability on the reporting employer’s Statement of Net Position. GASBS 75 also requires the Authority to report the cost of certain factors, activities and events effecting the reported unfunded liability as deferred inflow or deferred outflows. The cumulative effect of reporting GASBS 75 effective January 1, 2018 was to reduce the previously reported Authority’s Net Position reported as of December 31, 2017 by $5.2 million as of January 1, 2018. The Authority did not restate the 2017 column to show the effects of GASBS 75 on 2017 reported balance because it was not practicable to do so at this time. The effects were reported as the cumulative effect of a changing in accounting principle on the Statement of Revenues, Expenses and Changes in Net Position for the nine months ended September30, 2018. PASSENGER FACILITY CHARGE (PFC) The Authority initially received approval from the FAA to impose a PFC of $3.00 per enplaned passenger beginning March 1, 1994, not to exceed $40,726,364, principally to finance the Terminal Improvement Program. During 1996, the Authority requested and received approval to increase the amount of PFCs to $116,888,308 to be collected through the year 2022. Effective September 1, 2009, the Authority implemented an approved change in the PFC collection from $3.00 per passenger to $4.50 per passenger, with a current estimated collection period through 2020. Through September 30, 2018, the Authority has collected PFCs, including interest earnings thereon, totaling $102,500,811, or 87.7% of the total authorized. Passengers pay PFCs on the first two and last two portions of any trip. No PFCs are collected from non-revenue passengers such as a passenger using a frequent flier award ticket. The Authority calculates that it is collecting PFCs on approximately 86.7% of its enplanements. Additional information about PFC activity can found under “Note 2 – Summary of Significant Accounting Policies” in the Notes to the Financial Statements.

CREDIT RATINGS AND BOND INSURANCE

The table below presents the enhanced and underlying ratings on each of the Authority’s outstanding bonds.

Moody's/Fitch/S&P/Kroll Moody's/Fitch/S&P

Series * Bond Insurer Enhanced Rating Underlying Rating

Series 2010A AGMC A2/NR/AA/AA+ A3/A-/A

2017A uninsured N/A A3/NR/A

2017B uninsured N/A A3/NR/A

* Not all maturities within a Series are insured.NR = Not Rated

15

Fitch Ratings has withdrawn its insured rating of all bonds insured by AGMC effective February 25, 2010. Moody’s lowered their rating of AGMC from “A3” to “A2” on January 17, 2013. Standard and Poor’s upgraded their enhanced rating of AGMC from “AA-” to “AA” on March 18, 2014. On September 14, 2018, Standard and Poor’s raised the Authority’s underlying credit rating from “A-” to “A“. On January 23, 2018 AGMC received a rating of AA+ from Kroll Bond Rating Agency. The Authority’s underlying credit ratings are: Moody’s Investors Service “A3”, Fitch Ratings “A-” and Standard and Poor’s “A”.

RESERVES AND DEBT SERVICE COVERAGE

Under the Authority’s master bond resolution adopted in 1997, it is required to maintain an operating reserve equal to two months operating expenses. At September 30, 2018 the reserve requirement was $5.7 million and for which the Authority had $10.7 million on hand. The Authority also had $13.4 million in its airport Development Fund which can be used to restore a deficiency in any other fund and it had a repair and replacement reserve fund of $500,000. Also provided for in the bond resolution for each bond issue, the Authority maintains debt service reserve funds. As of September 30, 2018 the debt service reserve funds totaled $11.1 million.

FINANCIAL STATEMENTS

The Authority’s financial statements are prepared on an accrual basis of accounting in accordance with generally accepted accounting principles promulgated by the Governmental Accounting Standards Board (GASB). The Authority operates as a single enterprise fund with revenues recognized when earned, not when received. Expenses are recognized when incurred, not when they are paid. Capital assets are capitalized and (except land) are depreciated over their estimated useful lives. Certain funds are reported as restricted based upon constraints placed on their use by contributors, grantors and debt covenants. See the Notes to the Financial Statements for a summary of the Authority’s significant accounting policies.

REQUEST FOR INFORMATION

The Authority’s basic financial statements are designed to provide detailed information on the Authority’s operations and to the Authority’s Board, management, investors, creditors, customers and all others with an interest in the Authority’s financial affairs and to demonstrate the Authority’s accountability for the assets it controls and the funds it receives and expends. Questions concerning any of the information provided in this report or any request for additional information should be addressed to the Chief Financial Officer by e-mail: [email protected] or in writing to, Albany County Airport Authority, Administration Building, Suite 204, Albany, NY 12211-1057.

Respectfully submitted,

William J. O’Reilly, CPA Chief Financial Officer

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September 30, 2018 December 31, 2017ASSETS

CURRENT ASSETSUnrestricted Assets:

Cash and cash equivalents 25,522,910$ 23,090,998$ Accounts receivable - net 1,830,616 2,262,330 Due from County of Albany - 303,478Prepaid expenses 520,067 1,061,507

Total Unrestricted Assets 27,873,593 26,718,313

Restricted Assets:Capital Funds:

Cash and cash equivalents 3,398,802 2,484,987 Grant funds receivable 645,442 1,688,826

Passenger Facility Charge Funds:Cash and cash equivalents 12,122,180 10,439,296 Passenger Facility Charges receivable 563,712 563,712

Revenue Bond Funds:Cash and cash equivalents 8,848,909 10,909,819 Investments 11,049,389 277,389 Accrued interest receivable 39,975 1,809

ANCLUC Funds:Cash and cash equivalents 197,076 196,857

Concession Improvement Funds:Cash and cash equivalents 876,989 783,651

Total Restricted Assets 37,742,474 27,346,346

Total Current Assets 65,616,067 54,064,659

NON-CURRENT ASSETSBond Insurance Premiums 317,867 369,098 Net Assets held in trust for OPEB - 308,505Prepaid expenses 271,408 271,408Capital Assets:

Land and easements 48,102,682 48,812,345 Buildings, improvements and equipment,

net of depreciation 182,463,579 193,044,204 Construction in progress 6,715,621 3,540,817

Total Capital Assets 237,281,882 245,397,366 Total Non-Current Assets 237,871,157 246,346,377

Total Assets 303,487,224 300,411,036

DEFERRED OUTFLOWS OF RESOURCESRefunding 3,295,012 4,084,309 OPEB Expenses 1,594,543 - Pension Expenses 637,802 637,802

Total Deferred Outflows of Resources 5,527,357 4,722,111

Albany County Airport AuthorityStatements of Net Position

As of September 30, 2018 and December 31, 2017

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September 30, 2018 December 31, 2017LIABILITIES AND NET POSITION

CURRENT LIABILITIESPayable from Unrestriced Assets:

Accounts payable 461,446$ 609,926$ Accrued expenses 1,925,078 5,407,080 Due to County of Albany 33,866 -

Total Payable from Unrestricted Assets 2,420,390 6,017,006

Payable from Restricted Assets:Construction contracts payable - 1,478,791 Construction contract retainages 172,870 317,993Accrued interest payable 1,035,645 150,879Current maturities of long - term debt 9,419,000 9,419,000

Total Payable From Restricted Assets 10,627,515 11,366,663

Total Current Liabilities 13,047,905 17,383,669

NON-CURRENT LIABILITIESBonds and other debt obligations 69,647,090 70,147,604 Net OPEB liability 6,589,248 - Net pension liability - proportionate share 436,071 436,071

Total Non-Current Liabilities 76,672,409 70,583,675

Total Liabilities 89,720,314 87,967,344

DEFERRED INFLOWS OF RESOURCESConcession Improvement funds 876,989 783,651 Pension 81,412 81,412

Total Deferred Inflows of Resources 958,401 865,063

NET POSITIONNet investment in capital assets 165,700,045 172,661,198

Restricted:Bond reserve funds 18,902,628 11,038,138 Passenger facility charge funds 12,685,892 11,003,008 Other restricted funds 197,076 196,857 Total Restricted: 31,785,596 22,238,003

Unrestricted 20,850,225 21,401,539

Net Position 218,335,866 216,300,740

Albany County Airport AuthorityStatements of Net Position


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Albany County Airport AuthorityStatements of Revenues, Expenses and Changes in Net Position

For the Nine Months Ended September 30, 2018 and September 30, 2017

September 30, 2018 September 30, 2017Operating Revenues

Airfield 5,856,779$ 5,385,597$ Fixed Based Operations 7,736,099 6,260,198 Terminal 5,380,813 5,167,942 Concessions 6,128,096 6,029,644 Ground transportation 11,804,691 11,593,911 Other revenue 3,213,634 3,220,314 Total Operating Revenues 40,120,112 37,657,606

Operating ExpensesAirfield 2,481,455 2,318,557 Fixed Based Operations 5,969,222 4,843,432 Terminal 4,302,886 3,947,582 Loading bridges 249,143 175,099 Landside 4,036,181 3,962,609 Public safety 3,002,665 2,841,691 Aircraft Rescue and Fire Fighting 1,432,196 1,429,181 Vehicle maintenance 1,104,207 994,414 Administration 4,659,370 4,506,579 Total Operating Expenses 27,237,325 25,019,144

Revenues in excess of expenses before depreciation 12,882,787 12,638,462

Depreciation 10,580,625 10,580,625

Income Before Non-Operating Income and Expenses 2,302,162 2,057,837

Non-Operating Income and (Expenses)Passenger Facility Charges 4,182,883 4,003,784 Grant income 277,817 103,740 Improvement charges 276,300 276,300 Interest income 87,901 6,387 Insurance Recoveries 76,654 - Insured Expenses (76,654) - Interest expense (2,949,284) (3,458,054) Amortization of bond insurance premiums (51,231) (57,210) Total Non-Operating Income and (Expenses) 1,824,386 874,947

Income before Capital Contributions 4,126,548 2,932,784

Capital Contributions, Special and Extraordinary ItemsCapital Contributions 1,450,264 486,417 Special Item - LIBOR settlement 1,496,915 - Extraordinary Item - sale of land 148,595 - Total Capital Contributions, Special and Extraordinary Items 3,095,774 486,417

Net PositionIncrease in Net Position 7,222,322 3,419,201

Net Position, Beginning of Year 216,300,740 210,454,518 Cumulative change in accounting principle (5,187,196) - Net Position, Beginning of Year, as restated 211,113,544 210,454,518

Net Position, End of Year 218,335,866$ 213,873,719$

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Albany County Airport AuthorityStatements of Cash Flows


September 30, 2018 September 30, 2017Cash Flows From Operating Activities

Cash received from providing services 40,551,826$ 39,245,142$ Cash paid to suppliers (28,895,551) (28,082,891) Cash paid to employees (977,458) (926,997)

Net Cash Provided By Operating Activities 10,678,817 10,235,254

Cash Flows From Noncapital Financing ActivitiesGrant income 277,817 103,740

Net Cash Provided By Noncapital Financing Activities 277,817 103,740

Cash Flows From Investing ActivitiesPurchase of Investments (10,772,000) - Interest received 49,735 6,387 Interest on passenger facility charges 10,624 13,530

Net Cash Provided/(Used) by Investing Activities (10,711,641) 19,917

Cash Flows From Capital and Related Financing ActivitiesPurchase of property and equipment (4,089,055) (4,199,349) Payments to refunding agent - (16,794,552) Proceeds from issuance of bonds - 15,826,250 Cost of issuance - (335,179) Interest paid (1,775,735) (1,626,973) Concession improvement funds 93,338 90,472 Improvement charges 276,300 276,300 Capital contributions 4,139,158 1,289,087 Passenger facility charges 4,172,259 3,990,254

Net Cash Used By Capital and Related Financing Activities 2,816,265 (1,483,690)

Net Increase in cash and cash equivalents 3,061,258 8,875,221

Cash and cash equivalents, beginning of year 47,905,608 48,024,342

Cash and cash equivalents, end of year 50,966,866$ 56,899,563$

Reconciliation of Operating Income to Net Cash Provided By Operating Activities:Income before non-operating income and expenses 2,302,162$ 2,179,723$ Adjustments to reconcile loss from operations to net cash provided by operating activities:

Depreciation 10,580,625 10,580,625 Decrease in assets:

Accounts receivable 431,714 1,587,536 Due from County of Albany 303,478 262,136 Net Assets held in trust for OPEB - 81,291 Prepaid expenses 541,440 224,447 Deferred OPEB Expenses 116,014 -

Increaase/(Decrease) in liabilities: Due to County of Albany 33,866 131,230

Accounts payable and accrued expenses (3,630,482) (4,811,734) Net Cash Provided By Operating Activities 10,678,817$ 10,235,254$

Noncash Capital and Related Financing Activities:Capital Assets and related receivables 2,688,894$ 802,670$ Total Noncash Capital and Related Financing Activities 2,688,894$ 802,670$

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September 30, 2018 December 31, 2017

ASSETSCash and cash equivalents 2,064,493$ 2,058,413$

Total Assets 2,064,493 2,058,413

DEFERRED OUTFLOWS OF RESOURCES - - Total Deferred Outflows of Resources - -

LIABILITIES - - Total Liabilities - -

DEFERRED INFLOWS OF RESOURCES - - Total Deferred Inflows of Resources - -

NET POSITIONNet Position - Restricted for OPEB 2,064,493$ 2,058,413$

Albany County Airport Authority OPEB TrustStatements of Fiduciary Fund Net Position


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September 30, 2018 September 30, 2017Additions to Net Position Attributed to:

ContributionsEmployer -$ -$ Interest Income 6,080 1,423

Total Additions 6,080 1,423

Deductions from Net Position Attributed to:Retirement benefits - - Administrative expenses - -

Total Deductions - -

Increase in Net Position 6,080 1,423

Net Position - Restricted for OPEB, Beginning of Year 2,058,413 1,900,888

Net Position - Restricted for OPEB, End of Year 2,064,493$ 1,902,311$

Albany County Airport Authority OPEB TrustStatements of Changes in Fiduciary Fund Net Position


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Notes to Financial Statements

September 30, 2018

NOTE 1 - Organization and Reporting Entity

Organization:

The Albany County Airport Authority (Authority), a body corporate and politic, constituting a public benefit corporation, was established by the State of New York (State) August 4, 1993, pursuant to the provisions of Chapter 686 of the Laws of 1993 as set forth in Title 32 of the State’s Public Authorities Law. As a public benefit corporation, the Authority is independent, distinct from, and not an agent of the State or any other of the State’s political subdivisions, including the County of Albany (County).

The Authority consists of seven members, four appointed by the majority leader of the County Legislature and three by the County Executive, who jointly designate one of the seven members as chairperson, and all with approval of the County Legislature. The Authority members serve for a term of four years or until their successor is appointed, except that any person appointed to fill a vacancy will be appointed to serve only the unexpired term. Members of the Authority are eligible for reappointment.

On March 15, 1994, the Authority and the County entered into an Interim Agreement, whereby the County granted, and the Authority accepted, sole possession, use, occupancy and management of the Albany International Airport (Airport), including all rights, interest, powers, privileges and other benefits in each and every contract relating to the maintenance, operation, leasing, management or construction of the Airport, and all other rights, privileges or entitlement necessary to continue to use, operate and develop the Airport.

The Authority and the County entered into a permanent Airport Lease Agreement, dated December 5, 1995, which upon its approval by the Federal Aviation Administration (FAA) became effective on May 16, 1996 for an initial term of forty (40) years, whereby the Authority has the exclusive right to operate, maintain and improve the Airport and do anything else permitted by law, subject only to the restrictions and conditions stated in such Airport Lease Agreement and in accordance with applicable Federal, State and local laws. In October 2018, the Albany County Legislature approved an extension amending the date of the lease agreement through December 31, 2049. The lease extension is currently with the Albany County Executive for execution.

Pursuant to the State enabling Legislation, the Authority may not undertake any capital project, other than the redevelopment project described in the enabling legislation, known as the Terminal Improvement Program, unless the project has first been approved by the County as part of a five-year Capital Improvement Program. For these purposes, the term “capital project” is defined as the construction, reconstruction or acquisition of airport or aviation facilities.

Prior to March 15, 1994, the Airport operated as a fund of the County. As of March 15, 1994 the County transferred the use of all assets and substantially all liabilities of the County’s Airport Enterprise Fund to the

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Authority. These assets and liabilities were recorded by the Authority at a Net Asset value equal to $46,824,500.

The Authority is not subject to Federal, State or local income, property or sales taxes, except for property taxes due on properties acquired by the Authority until they are removed from the tax rolls as of the next assessment date. However, the Authority may agree to make certain payments in lieu of taxes for real property owned or used by the Authority for purposes other than public aviation purposes and under other limited circumstances.

The Authority has contracted with AFCO AvPorts Management LLC, (d/b/a Avports), to manage the daily operations of the airport under a three year term expiring December 31, 2018. The Authority has also contracted with REW Investments, Inc., (d/b/a Million Air), to manage the fixed based operations of the airport under a three year term expiring August 31, 2019. Both agreements are renewable with the approval of both parties.

Reporting Entity:

The Authority meets the criteria set forth in generally accepted accounting principles as promulgated by the Governmental Accounting Standards Board (GASB) for inclusion as a component unit within the County’s basic financial statements based on the County’s responsibility for the appointment of the Authority members, and their approval of capital programs and certain debt issuances. As such, the Authority is included in the County’s basic financial statements. The accompanying financial statements present the financial position and the changes in net position and cash flows of the Authority only. The Authority is not involved in any joint ventures.

The Authority has established a written, single employer, defined benefit plan to provide healthcare benefits to eligible former employees and/or their qualifying dependents. The Authority also established a legally separate trust known as the Albany County Airport Authority OPEB Trust to receive and manage contributions from the Authority to fund its obligations for retiree health care benefits under the written plan. The Albany County Airport Authority OPEB Trust is included in the Authority’s financial statements as a separate Fiduciary Fund of the Authority under accounting principles promulgated by GASB.

NOTE 2 - Summary of Significant Accounting Policies

Basis of Accounting:

The accompanying financial statements have been prepared in conformity with generally accepted accounting principles (GAAP) for state and local governments. GASB is the accepted standard-setting body for establishing governmental accounting and financial reporting principles for state and local governments in the United States of America.

The Authority’s operations are presented as a single enterprise fund. Enterprise funds distinguish operating revenues and expenses from non-operating items in accordance with the flow of economic resources measurement focus and the accrual basis of accounting. All assets, liabilities, net position, revenues, and expenses are accounted for through a single enterprise fund with revenues recorded when earned and expenses recorded at the time liabilities are incurred.

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Revenues from airlines, FBO operations, concessions, property rentals, operating permits, and parking fees are reported as operating revenues. All expenses related to operating the Airport are reported as expenses. Passenger facility charges, noncapital grants, capital improvement charges, interest and investment income are reported as non-operating income. Interest expense, financing costs and grant expenses are reported as non-operating expenses. Capital contributions, special and extraordinary items are reported separately after non-operating revenues and non-operating expenses.

Cash, Cash Equivalents and Investments:

The deposit and investment of Authority monies is governed by provisions in its enabling legislation and by a Cash Management and Investment Policy adopted by the Authority on September 13, 1994 and last amended March 26, 2014. Any bank or trust company with a full service office in the County is authorized for the deposit of monies.

Monies not needed for immediate expenditure may be invested in (1) United States Treasury obligations with maturities of seven years or less, (2) obligations backed by the United States Government full faith and credit, (3) New York State, New York State agency or New York State subdivisions (cities, towns, villages, counties)obligations with, (4) certificates of deposit fully collateralized from a bank or trust company in New York State,(5) notes, bonds, debentures, mortgages and other evidences of indebtedness of certain agencies sponsoredby the United States government provided at the time of investment such agency or its obligations are ratedand the agency receives, or its obligations receive, the highest rating of all independent rating agencies thatrate such agency or its obligations, and (6) repurchase agreements using United States Treasury obligationswith maturities of seven years or less. Investments are stated at fair value or amortized cost.

For purposes of the statement of cash flows, the Authority considers all highly liquid investments (including restricted assets) with an original maturity of three months or less when purchased to be cash equivalents. Cash equivalents, which are stated at cost, consist of certificates of deposit, and treasury notes. Investments are reported at fair value.

Receivables:

Receivables are reported at their gross value when earned and are reduced by the estimated portion that is expected to be uncollectible. The allowance for uncollectible amounts is based on collection history, aviation industry trends and current information regarding the credit worthiness of the tenants and others doing business with the Authority. When continued collection activity results in receipt of amounts previously written off, revenue is recognized for the amount collected.

Restricted Assets:

Restricted assets consist of monies and other resources which are restricted legally as described below:

Capital Funds - These assets represent capital debt proceeds and grant funds that are restricted for designated capital projects and cannot be expended for any other item.

Passenger Facility Charges Funds - These assets represent Passenger Facility Charges (PFC) collections based on an approved FAA application to “Impose” such charges on enplaned passengers at the Airport. These funds are restricted for designated capital projects and any debt incurred to finance the construction of those projects. The Authority recognizes and reports as other income PFCs earned when all conditions have

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been met that entitles the Authority to retain the PFCs. PFCs received prior to this time are reported as restricted net position.

Revenue Bond Funds - These assets represent Series 2010 and 2017 general airport revenue bond (GARB) proceeds and Series 1999 Environmental Facilities Corporation (EFC) bond proceeds held in Bond Reserve Accounts. Bond reserve accounts for the Series 2010 and Series 2017 Bonds equal 125% of the average annual debt service due on bonds at the time of issuance.

ANCLUC Funds - These assets represent Airport Noise Control and Land Use Compatibility (ANCLUC) program funds. These Airport funds were generated through the sale or rental of airport noise abatement properties acquired with Federal and State aid and interest earnings thereon. The use of such revenues is restricted to Airport Improvement Program eligible project costs contingent upon FAA concurrence.

Concession Improvement Funds - These assets represent 1% of gross revenues of all food and beverage and retail concessions held in escrow to potentially fund the planning, developing, construction, remodeling, renovating or replacing of any of the concessionaire’s leased area during the term of the concession agreement. Use of the funds during the term of the lease is subject to the Authority’s sole approval. Funds remaining at the end of a concession agreement are retained by the Authority.

Capital Assets:

Capital assets include land, improvements to land, easements, buildings, building improvements, vehicles, equipment and all other tangible assets that are used in operations and have useful lives extending beyond a single reporting period. Capital Assets assumed by the Authority on March 15, 1994 are carried at historical cost, net of accumulated depreciation. Acquisitions of new assets costing $50,000 or more are recorded at cost.

Maintenance and repairs are expensed as incurred. When depreciable assets are disposed of, the related costs and accumulated depreciation are removed from the respective accounts and any gain or loss on disposition is credited or charged to an expense. Capital Assets are written off when fully depreciated unless clearly identified as still being in use. Capital Assets are written-down due to impairment if circumstances indicate a significant or unexpected decline in an assets service utility has occurred. Impaired Capital assets are written down using an approach that best reflects the decline in service utility. Assets to be disposed of and assets held for sale are reported at the lower of carrying value or fair value less costs to dispose of.

Depreciation of capital assets is computed using the straight-line method at various rates considered adequate to allocate costs over the estimated useful lives of such assets. The estimated lives by general classification are as follows:

Years Buildings and improvements ................................ 5-30 Vehicles, machinery and equipment .................... 5-15

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---

Capitalization of Interest: Interest costs incurred that relate to the acquisition or construction of capital assets acquired with tax-exempt debt are capitalized. The amount of interest to be capitalized is calculated by offsetting interest expense incurred from the date of the borrowing until completion of the project, with interest earned on invested debt proceeds over the same period. Capitalized interest cost is prorated to completed projects based on the completion date of each project. No interest was capitalized in 2016 or 2017. Bond Issue Costs, Original Issue Discount and Deferred Loss on Bond Refundings: Bond insurance (an issuance cost) is deferred and amortized over the life of the respective issue on an effective interest method. Original issue discounts and deferred loss on refundings on long-term indebtedness are amortized using the effective interest method over the life of the debt to which it relates. Interest on capital appreciation debt is accreted using the effective interest method. Capital Contributions: Certain expenditures for Airport capital assets are significantly funded through the Airport Improvement Program (AIP) of the Federal Aviation Administration (FAA), with certain matching funds provided by the State and the Authority, or from various State allocations or grant programs. Capital funding provided under government grants is considered earned as the related allowable expenditures are incurred. Grants for capital asset acquisition, facility development and rehabilitation and eligible long-term planning studies are reported in the Statements of Revenues, Expenses and Changes in Net Position, after other income and expenses, as capital contributions. Revenue Recognition: Airfield Landing Fee Charges - Landing fees are principally generated from scheduled airlines, cargo carriers and non-scheduled commercial aviation and are based on the gross landed weight of the aircraft. The estimated landing fee structure is determined annually pursuant to an agreement between the Authority and the signatory airlines based on the adopted operating budget of the Authority and is adjusted at year end for the actual landed weight of all aircraft. Landing fees are recognized as revenue when the related facilities are utilized. FBO, Terminal Rents, Concessions and Ground Transportation - FBO revenues are generated from commercial and general aviation users, rental and concession fees are generated from airlines, parking lots, food and beverage, retail, rental cars, advertising and other commercial tenants. Leases are for terms from one to ten years and generally require rentals based on the volume of business, with specific minimum annual rental payments required. Rental revenue is recognized over the life of the respective leases and concession revenue is recognized based on reported concessionaire revenue. Other - All other types of revenues are recognized when earned.

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Special Items and Extraordinary Items:

Special Items - Special items are significant transactions or other events within the control of management that are either unusual in nature or infrequent in occurrence.

Extraordinary Items - Extraordinary items are transactions or other events that are both unusual in nature and infrequent in occurrence.

Passenger Facility Charges:

Passenger Facility Charges (PFC) at the rate of $3 per enplaned passenger have been levied by the Airport since March 1, 1994 under an FAA approved application to impose $40,726,364 with collection thereof estimated to be complete in the year 2005. During 1996, the Authority received approval to increase the amount of PFC collections to $116,888,308 extending the estimated collection period through the year 2022. In 2009, the Authority received approval to change the PFC collection from $3.00 per passenger to $4.50 per passenger, with a current estimated collection period through 2020. Through September 30, 2018, the Authority has collected PFCs including interest earnings thereon totaling $102,500,811.

PFC funds, along with related interest earnings, are recorded as restricted net position until they are applied against future debt service payments under an FAA approved Application to Use. PFC receipts are recognized and recorded as non-operating revenues in the year they are collected.

The Authority previously expended $11.2 million of PFCs on projects funded on a pay-as-you-go basis. The Authority also covenanted in the Resolution authorizing the Series 2010A Refunding Bonds to apply future PFC collections to pay a portion of the debt service related to the FAA approved projects included in the Applications. Pursuant to the Resolution, PFCs collected and deposited in a segregated account, together with the interest earned thereon, are applied towards the subsequent debt service payments reducing the amount of debt to be funded from net operating revenue. Through September 30, 2018, the Authority has applied $85.7 million of PFC’s towards the payment of debt service. The Authority has pledged to bondholders to apply between $2.5 million and $4.5 million in PFC annually through 2020 toward eligible debt service.

Compensated Absences:

Employees accrue vacation in varying amounts based on length of service. Employees can accumulate up to 300 hours, or 37.5 days of vacation time. Unused vacation time can be liquidated for cash upon separation, retirement or death.

Sick leave is earned by regular, full-time employees at the rate of one day per month. Employees can accumulate up to 1,320 hours or 165 days of sick leave. Any sick leave hours unused at the time of an employee’s retirement can be applied as additional service credit in calculating retirement benefits in the New York State Employees’ Retirement System. It is the policy of the Authority not to pay accumulated sick leave to employees who terminate prior to retirement.

The liability for compensated absences earned through year-end, but not yet taken, is accrued by charging the expense for the change in the liability from the prior year.

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Pension Plan:

The Authority applies GASB Statement No. 68, Accounting and Financial Reporting for Pensions (GASB 68) to recognize the net pension asset (liability), deferred outflows and deferred inflows of resources, pension expense (revenue), and information about and changes in the fiduciary net position on the same basis as reported by the cost-sharing, multiple employer, defined benefit pension plan. The Authority also applies GASB Statement No. 71, Pension Transition for Contributions Made Subsequent to the Measurement Date (GASB 71) to report additional deferred outflows. The Authority participation in the plans is mandated by State lawand includes the New York State and Local Employees’ Retirement System (ERS) and the Optional VoluntaryDefined Contribution (VDC) (the Systems). The Systems recognize benefit payments when due and payablein accordance with benefit terms; investment assets are reported at fair value.

Estimates:

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, through subsequent events, actual results could differ from those estimated.

Adoption of New Accounting Standards:

The Authority adopted GASB issued Statement #75, Accounting and Financial Reporting for Postemployment Benefit Plans Other Than Pensions, which is required to be implemented in fiscal year 2018. The pronouncement replaces previously issued guidance and establishes new accounting and financial reporting requirements for governments whose employees are provided other postemployment benefits. GASBS 75 requires prior period financial information presented be restated to reflect the new accounting standard, unless it is not practical to do so. As of September 30, 2018 the Authority does have GASBS 75 actuarial reports available to restate the financial information for the year ended December 31, 2017 and has reported the change in beginning net assets at January 1, 2018 as the cumulative effective of a changing in accounting standards.

NOTE 3 – Remaining Notes to these Quarterly Financial Statements

These financial statements reflect an interim period ended September 30, 2018 and the Notes to the Financial Statement should be read in conjunction with these financial statements. The information in following notes discussing Other Postemployment benefits and Subsequent Events should be relied upon and supersedes the information reported in the Authority’s 2017 Basic Financial Statements included in the its 2017 Comprehensive Annual Financial Report.

The OPEB Plan is a single-employer defined benefit healthcare plan trust administered by the Authority. The Plan provides medical insurance benefits to eligible retirees who elect to receive it and their eligible dependents. Membership of the Plan consists of 9 retirees currently receiving benefits and 30 plan members composed of; 21 Active, 14 retired and 1 deceased employee. The Plan is a governmental plan that is not subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA). The Plan was created by the Albany County Airport Authority to be managed by a sole trustee intended to be the Chief Financial Officer of the Authority who is the plan Trustee. The Plan is a component unit of the Albany County Airport Authority. The Trust has a fiduciary duty to provide plan benefits to eligible beneficiaries. So long as

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the Albany County Airport Authority provides the required benefits, the Trust’s obligation is fulfilled and it may than reimburse the Albany County Airport Authority for the cost of the benefits provided, if requested to do so. Eligibility An employee hired on or after January 1, 2005 shall become eligible to retire under this plan upon attainment of age 55 as an active member and completion of 10 years of service. Those hired after January 1, 2010 shall be eligible to retire upon attainment of age 62 with 10 years of creditable service. Contributions Contributions to the Plan are likely to be entirely funded by the employer (the Authority). Participants hired prior to July 1, 2005 are not required to contribute to the plan. Participants hired on or after July 1, 2005 are required to contribute 10% of the cost of plan benefits to the plan, offset by the value of their unused sick leave up to 1,320 hours at the time of retirement. The Plan was established and may be amended by the Authority. The Authority has no obligation to fund the plan. Contributions made were provided for in the Authority’s annual budgets for 2008 through 2017 along with interest earnings thereon. Any future contributions to the plan would be authorized by a future resolution of the Authority. Net OPEB Liability The net OPEB liability was measured as of January 1, 2018, and the total OPEB liability used to calculate the net OPEB liability was determined by an actuarial valuation as of that date. Investment Policy

The Authority has adopted an investment policy for the Trust that the Authority may amend from time to time. The Authority adopted an Investment Policy for effectively supervising, monitoring and evaluating the investment assets of the Plan. The investment policy allows for the plan assets to be comprised of:

Fixed Income ......................................................... 0%-60%

Cash Equivalent ..................................................... 5%-100%

Domestic Equity ..................................................... 0%-60%

International Equity ................................................ 0%-60%

Other Equity ........................................................... 0%-20%

As of September 30, 2018 all plan assets were on deposit with M & T Bank, in a an interest bearing demand deposit account, the entire balance of which was collateralized by obligations that are guaranteed by the U.S. Government and held by a 3rd party custodian. The Trustee believes the investment and management of the assets of the Plan have complied with the Trust investment policy adopted by the Authority.

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Actuarially Determined Contribution (ADC)

The Airport’s Actuarially Determined Contribution (ADC) is an amount actuarially determined in accordance with parameters of GASB Statement 74/75 which represents a level of funding that, if paid on an ongoing basis, is projected to cover the service cost each year and amortize any unfunded actuarial liabilities (or funding excess). The following table shows the components of the Airport’s annual ADC for the fiscal year and the amount actually contributed to the plan:

Funded Status and Funding Progress

As of the January 1, 2018 Measurement Date, the plan was 24.13% funded. The Total OPEB Liability (TOL) for benefits was $8,531,647, and the Fiduciary Net Position was $2,058,413, resulting in a Net OPEB Liability (NOL) of $6,473,234. The covered payroll (annual payroll of active employees covered by the plan) was $1,908,791 and the ratio of the NOL to the covered payroll was 339.1%.

Actuarial valuations of an ongoing plan involve estimates of the value of reported amounts and assumptions about the probability of occurrence of events far into the future. Examples include assumptions about future employment, investment returns, mortality, and the healthcare cost trend. Amounts determined regarding the funded status of the Plan and the annual required contributions of the employer are subject to continual revision as actual results are compared with past expectations and new estimates are made about the future. The schedule of funding progress, presented as required supplementary information following the notes to the financial statements, presents multiyear trend information about whether the actuarial value of plan assets is increasing or decreasing over time relative to the actuarial accrued liabilities for benefits. Since this is the first year of implementation, only the current year information is presented.

For the fiscal year ending

December 31, 2018

Service Cost 220,546 30 year amortization of NOL at 3.75% 263,744 Actuarial determined contribution 484,290 Contributions in relation to the actuarially determined contribution (300,000) Contribution deficiency/(excess) 184,290

Covered Employee Payroll 1,908,791

Contributions as a % of covered employee payroll 15.72%

31

Changes in the OPEB Liability

Changes in Deferred Outflows

Discount rate

The discount rate used to calculate the total OPEB liability was 3.75%. The following table presents the results if the discount rate was 1% lower or 1% higher:

Healthcare Trend

The healthcare cost trend cost rate used to calculate the total OPEB liability was 5%. The following table presents the results if the healthcare cost rate was 1% lower or 1% higher:

Net OPEB Liability at beginning of period 4,878,691$ Service cost 220,546 Interest 188,539 Projected earnings on OPEB plan investments 1,902 Differences between expected and actual experie 1,483,556 Employer Contributions (300,000) Net OPEB Liability at end of period 6,473,234$

Deferred Outflow at the beginning of the period -$Deferred Outflow created during the period From actual vs. expected experience 1,416,085 From investment experience 67,471 Net OPEB Expense 110,987 Actual amount paid for current year retirees 38,233 Deferred Outflow at the end of the period 1,632,776$

1% Decrease (2.75%) Current Discount Rate (3.75%) 1% Increase (4.75%)

Net OPEB Liability 8,002,310$ 6,473,234$ 5,254,553$ Service Cost 289,732$ 220,546$ 169,681$

Impact of a 1% Change in the Discount Rate as of January 1, 2018 Reporting Date

1% Decrease (4.00%) Current Discount Rate (5.00%) 1% Increase (6.00%)

Net OPEB Liability 5,109,674$ 6,473,234$ 8,209,427$ Service Cost 175,961$ 220,546$ 278,926$

Impact of a 1% Change in the Healthcare Cost Trend as of January 1, 2018 Reporting Date

32

Actuarial Methods and Assumptions

Projections of benefits for financial reporting purposes are based on the written plan as currently approved by the Authority and include the types of benefits provided at the time of each valuation and the historical pattern of sharing of benefit costs between the employer and plan members to that point. The actuarial methods and assumptions used include techniques that are designed to reduce the effects of short-term volatility in actuarial accrued liabilities and the actuarial value of assets, consistent with the long-term perspective of the calculations.

Investment rate of return 3.70%, net of OPEB plan investment expense, including inflation.

Municipal bond rate 3.16% as of January 1, 2018 (source: S&P Municipal Bond 20-Year High Grade Index-SAPIHG)

Actuarial Cost Method Individual Entry Age Normal

Single equivalent discount rate: 3.75%, net of OPEB plan investement expense, including inflation. Using a blend of the Municipal Bond Index Rate for unfunded periods and the Investment Rate of Return for funded periods, based on GASB No. 74 Implementation Guide Exposure Draft; IG ED 4.136.

Inflation 2.75% as of January 1, 2018 and for future periods

Salary Increases 3.00% annually as of January 1, 2018 and for future periods

Cost of living adjustments Not Applicable

Pre-retirement mortality RP-2000 Employees Mortality Table projected generationally with scale BB and a base year 2009 for males and females

Post-retirement mortality RP-2000 Employees Mortality Table projected generationally with scale BB and a base year 2009 for males and females

Disabled mortality RP-2000 Employees Mortality Table projected generationally with scale BB and a base year 2009 for males and females

Mortality experience study The mortality assumptions reflect an experience analysis published in 2014 (based on the years 2006-2011), updated to reflect data through January 1, 2015 for post-retirement mortality, and professional judgement. As such, mortality assumptions reflect observed current mortality as well as expected mortality improvements.

33

OPEB Expense Development

Components of the Airport’s OPEB expenses for the fiscal year ending December, 31, 2018:

Money Weighted Rate of Return

Subsequent Events and Related Party Transactions

Land Acquisition – During 2017, the Authority and County of Albany came to an agreement in principle for the Authority to acquire from the County two parcels of land comprising approximately 13 acres for $2,655,000 for future airport development. The land is presently developed with an ice hockey community recreational facility and an access road. The Airport currently uses a portion of the undeveloped portion of the parcels for Airport Valet Parking operations. Under the agreement, the County would continue to operate the ice hockey facility as a community recreational facility for five years paying rent of $1 per year. The acquired land parcels will be added to the Airport Layout Plan and become part of the Airport. The agreement to acquire the property is based upon consideration that approximated appraised fair value. In August of 2018, the Authority accepted a grant of $22,131,900 from the State of New York (the State Capital Grant) to fund certain Airport capital improvements that requires the Authority to provide $18,250,000 of Airport Funds and $1,800,000 in Federal Grant Funds toward the total capital project cost of $42,191,900. As a result of acceptance of the this capital funding grant, the Authority intends to seek additional federal funding to relocate the County ice hockey facility after it completes a Master Plan study. The Authority does not currently intend to use cash on hand or other borrowed funds to complete this acquisition. The agreement called for the Authority lease with the County to be extended by 13 years to facilitate the Authority’s contemplated borrowing plans as a result of this land acquisition. In October 2018, the Albany County Legislature approved an extension amending the date of the lease agreement through December 31, 2049 to accommodate a 30 year borrowing to fund a portion of the Airport local share funding requirement. The lease extension is currently with the Albany County Executive for execution.

Class Participation Settlement Offer – In April of 2018 the Authority received a Notice of Settlement from the New York State Attorney General’s office which offered the Authority the opportunity to receive a settlement in the amount of $1.496 million from an out-of-court settlement between 45 State Attorney Generals (including

Service Cost 220,546$ Interest on the Net OPEB Liability (asset), service cost, and benefit payments 188,539 Projected earnings on OPEB plan investments 1,902 Total employer contribution (300,000) Net OPEB Expense 110,987$

Beginning value - January 1, 2017 1,900,888 Annual contribution to OPEB Trust 155,615 Annual interest earnings 1,910 Ending Value - December 31, 2017 2,058,413

Money weighted rate of return 0.09%

34

New York) and Deutsche Bank for alleged manipulation of LIBOR. The total settlement fund is in the amount of $213,350,000. The Authority accepted this settlement offer and will report the funds as a Special Item because it is unusual and infrequent and within Management’s control.

Capital Asset Impairment/Depreciation Estimates – The Authority completed improvements to the roof of its terminal buildings in 2016 at a cost of $1,505,518 which it began depreciating over a twenty year estimated useful life as of March 1, 2016. At December 31, 2017 the undepreciated balance of the cost of the improvement is $1,367,512. Evidence has emerged that the useful life of this improvement has diminished significantly and the product failed. The Authority and product manufacturer are in the process of replacing the roof membrane the majority of the cost of which will be paid by the product manufacture. No change in value or depreciation of the roof improvement asset has been recorded at this time.

Insurance Recovery – The Authority owns and rents several commercial aircraft hangars. On October 24, 2017 the fire suppression system discharged on a false condition indication in one hangar. The cause of this incident could not be determined. The incident resulted in mitigation and monitoring expenses and tenant claim for uninsured losses have accumulated to $299,356 through September 30, 2018. These insured expenses and insurance receivable have been as they are accepted and realized as non-operating income and non-operating expense on the Statement of Revenues, Expenses and Changes in Net Position. For the nine months ended September 30, 2018, $76,654 was realized as non-operating income and non-operating expense related to this incident. The Authority believes all claims against the Authority related to this incident have been satisfied by insurance.

Land Disposition – The State of New York and the Authority entered an Agreement for the Authority to transfer 16.4 acres of land for a highway access project for $855,000 plus $3,257 in interest and fees. The transaction was completed in July of 2018. The Authority’s cost basis in the transferred land was $706,662 and this represents the recorded value of Capital Assets transferred to the State. The difference between this recorded value and the $858,257 in proceeds represents a gain on the transfer of the asset and will be reported as an Extraordinary Item because the transaction is infrequent and outside the control of Management. The entire $858,257 is restricted for use for Federal Airport Improvement Program grant eligible projects.

35

REQUIRED SUPPLEMENTARY INFORMATION

36

Required Supplementary Information Schedule of Changes in the Airport’s Net OPEB Liability and Related Ratios

For the quarter ended September 30, 2018

** Schedule is intended to show information for 10 years. Information will be provided as available until a full 10 years of data is included.

2018Total OPEB Liability 8,531,647

Service Cost 220,546 Interest on total OPEB liability, service cost and benefit 259,822 Changes in benefit terms - Difference between expected & actual plan experience 1,416,085 Changes of assumptions - Benefit payments excluding implicit cost N/AImplicit cost amount N/ATotal benefit payments including implicit cost (144,385)

Net change in OPEB liability 1,752,068

Total OPEB liability - beginning of period 6,779,579 Total OPEB liability - end of period 8,531,647

Plan Fiduciary Net Position 2,058,413

Interest on fiduciary net position 71,283 Earning from plan investments (69,373) Net investment gain/(loss( 1,910 Employer contribution to trust 300,000 Benefit payments from trust, including refunds of memb (144,385) Administrative expense - Other -

Net change in plan fiduciary net position 157,525

Plan fiduciary net position - beginning of period 1,900,888 Plan fiduciary net position - end of period 2,058,413

Net OPEB liability 6,473,234

Plan Fiduciary net position as a % of total OPEB liability 24.13%

Coverered employee payroll 1,908,791

Plan NOL as a % of covered employee payroll 339.13%

Single discount rate to calculate plan liabilities 3.75%

37

Required Supplementary Information OPEB Expense and Deferred Outflows of Resources

For the quarter ended September 30, 2018

** Schedule is intended to show information for 10 years. Information will be provided as available until a full 10 years of data is included

Difference between actual & expected experience 1,416,085$ Net difference between projected & actual earnings on OPEB plan investments 67,471 Total 1,483,556$

Year Ended December 31:2019 296,711$ 2020 296,711 2021 296,711 2022 296,711 2023 296,712

thereafter

38


Financial Information

39

Albany County Airport Authority2018 Summary of Revenues, Expenses and Net Results

2018 September 2018 Actual /Adopted FY Budget Actual Variance Variance 2017 Prior Year

Budget YTD YTD YTD % YTD Actual Var %AIRPORT REVENUES

Airline 14,333,604$ 10,729,884$ 11,067,139$ 337,255$ 3.14% 10,375,131$ 6.67%Non-Airline 30,022,831 22,547,898 22,918,371 370,473 1.64% 22,527,648 1.73%

Total Revenues 44,356,435 33,277,782 33,985,510 707,728 2.13% 32,902,779 3.29%

FIXED BASED OPERATOR RETAIL SALES

Fixed Based Operator Retail Sales 6,608,465 4,840,532 6,134,603 1,294,071 26.73% 4,754,829 29.02%Cost of Sales 4,327,205 3,164,450 4,063,536 (899,086) -28.41% 2,976,332 -36.53%

Net FBO Retail Sales 2,281,260 1,676,082 2,071,067 394,985 23.57% 1,778,497 16.45%

EXPENSE SUMMARY

AvPorts-Airport Management 23,040,664 17,309,233 16,960,348 348,885 2.02% 16,136,948 -5.10%Million Air-FBO Management 3,238,577 2,436,609 2,371,621 64,988 2.67% 2,327,882 -1.88%Authority 4,603,949 3,537,492 3,541,823 (4,331) -0.12% 3,278,183 -8.04%

Total Expenses 30,883,190 23,283,334 22,873,792 409,542 1.76% 21,743,013 -5.20%

OPERATING RESULTS 15,754,505 11,670,530 13,182,785 1,512,255 12.96% 12,938,263 1.89%

OTHER REVENUES (EXPENSES)

Interest Earnings 10,783 6,601 87,901 81,300 1231.63% 6,387 1276.25%Passenger Facility Charges 4,330,913 3,248,185 2,500,000 (748,185) -23.03% 3,249,234 -23.06%ACAA '99 EFC Debt (447,204) (335,403) (335,403) 0 0.00% (330,183) -1.58%ACAA '03 Debt Service 0 0 0 0 0.00% (119,410) 100.00%ACAA '06 A & B Debt Service 0 0 0 0 0.00% (277,540) 100.00%ACAA '06 C Debt Service 0 0 0 0 0.00% (100,604) 100.00%ACAA '10 A Debt Service (10,626,139) (7,969,604) (7,969,604) 0 0.00% (7,978,131) 0.11%ACAA '17 A Debt Service (757,375) (568,031) (568,031) 0 100.00% (378,942) -49.90%ACAA '17 B Debt Service (1,203,925) (902,944) (902,944) 0 100.00% (602,400) -49.89%Special Item - LIBOR Settlement 0 0 1,496,915 1,496,915 100.00% 0 -100.00%Extraordinary Item - Sale of Land 0 0 148,595 148,595 100.00% 0 -100.00%Non-Capital Equipment (240,000) (180,000) (222,495) (42,495) 23.61% (177,914) -25.06%Insurance Recoveries 0 0 76,654 76,654 0.00% 0 0.00%Insured Expenses 0 0 (76,654) (76,654) 0.00% 0 0.00%Grant Income 138,700 103,740 277,817 174,077 167.80% 103,740 -167.80%Improvement Charges 368,400 276,300 276,300 0 0.00% 276,300 0.00%

Total Other Revenues(Expenses) (8,425,847) (6,321,157) (5,210,949) 1,110,207 -17.56% (6,329,463) 17.67%

NET RESULTS BEFORE RESERVES 7,328,658 5,349,374 7,971,836 2,622,462 49.02% 6,608,800 -20.62%

Less: Capital Improvements (3,123,697) (2,342,773) (2,342,773) 0 0.00% (2,324,583) -0.78%Less: Reserve Requirements (200,381) (200,381) (200,381) 0 0.00% (169,068) 18.52%

NET RESULTS 4,004,580 2,806,220 5,428,682 2,622,462 93.45% 4,115,149 -31.92%

Revenue Sharing: Transfer to/from Airlines (50%) 2,002,290 1,403,110 2,714,341 1,311,231 93.45% 2,057,575 -31.92% Authority Share (50%) 2,002,290 1,403,110 2,714,341 1,311,231 93.45% 2,057,575 -31.92%

Less: Airline Incentives (107,464) (107,464) (77,503) 29,961 -27.88% (121,886) 0.00%Net Authority Share 1,894,826$ 1,295,646$ 2,636,838$ 1,341,192$ 103.52% 1,935,689$ 144.33%

Adopted FY Budget 2018 Actual YTDOperating Net Operating Net Operating Net

MONTHLY RECAP Results Results Results Results Results Results

JANUARY 695,782$ (6,222)$ 896,019$ 213,188$ 883,367$ 198,379$ FEBRUARY 979,004 274,635 806,895 122,924 1,143,538 426,708MARCH 1,310,555 606,969 1,460,912 916,255 1,403,212 717,251APRIL 1,443,046 742,420 1,804,978 1,083,807 1,460,463 654,847MAY 1,600,517 901,395 1,749,157 1,066,326 1,676,148 996,509JUNE 1,259,903 556,834 1,460,459 653,885 1,533,192 849,613JULY 1,617,624 903,012 1,913,878 870,141 1,654,180 948,096AUGUST 1,518,486 827,752 1,712,667 667,344 1,912,043 1,228,856SEPTEMBER 1,245,613 542,579 1,377,820 2,377,966 1,272,120 588,541SubTotal 11,670,530$ 5,349,374$ 13,182,785$ 7,971,836$ 12,938,263$ 6,608,800$

OCTOBER 1,732,649 1,033,570NOVEMBER 1,233,472 530,472DECEMBER 1,117,854 415,242TOTAL 15,754,505$ 7,328,658$ 13,182,785$ 7,971,836$ 12,938,263$ 6,608,800$

SEPTEMBER 30, 2018

2017 Actual YTD

40

Albany County Airport AuthorityRevenue Summary

2018 SEPTEMBER 30, 2018 September 2018 Actual /Adopted FY Budget Actual Variance Variance 2017 Prior Year

Budget YTD YTD YTD % Actual Variance %

AIRLINE REVENUES

COMMERCIAL 6,355,196$ 4,762,522$ 4,889,704$ 127,182$ 2.67% 4,474,605$ 9.28%

CARGO 570,016 414,029 417,584 3,555 0.86% 389,002 7.35%

TERMINAL 6,144,115 4,608,086 4,795,851 187,764 4.07% 4,573,414 4.86%

FBO 1,264,277 945,247 964,000 18,753 1.98% 938,110 2.76%

TOTAL AIRLINE REVENUES 14,333,604 10,729,884 11,067,139 337,254 3.14% 10,375,131 6.67%

NON-AIRLINE REVENUES

AIRFIELD 463,401 351,816 406,994 55,177 15.68% 352,308 15.52%

TERMINAL 3,597,145 2,666,577 2,664,269 (2,308) -0.09% 2,505,966 6.32%

GROUND TRANSPORTATION 20,849,335 15,691,075 15,865,780 174,705 1.11% 15,721,267 0.92%

OTHER AIRPORT 5,112,950 3,838,430 3,981,328 142,898 3.72% 3,948,107 0.84%

TOTAL NON AIRLINE REVENUES 30,022,831 22,547,898 22,918,371 370,472 1.64% 22,527,648 1.73%

TOTAL REVENUES 44,356,435$ 33,277,782$ 33,985,510$ 707,726$ 2.13% 32,902,779$ 3.29%

41

Total AnnualBudget

This MonthBudget

This MonthActual

Var This Mo.To Budget

Year to DateBudget

Year to DateActual

Var This Yearto Budget

FIXED BASED OPERATOR RETAIL SALES

Jet A Fuel Sales $4,378,590 $342,314 $505,474 $163,160 $3,330,078 $4,217,999 $887,921Fuel Costs - Jet A (2,388,322) (186,717) (297,733) (111,016) (1,816,405) (2,418,141) (601,736)Fuel Discounts - Jet A (300,000) (23,454) (31,954) (8,500) (228,161) (283,718) (55,557)Net Jet A Fuel Sales 1,690,268 132,143 175,787 43,644 1,285,512 1,516,141 230,629

AvGas Fuel Sales 307,869 33,846 24,617 (9,229) 243,114 210,285 (32,829)Fuel Costs - AvGas (229,009) (25,177) (19,244) 5,933 (180,841) (159,534) 21,307Fuel Discounts - AvGas (5,000) (550) (351) 199 (3,949) (2,709) 1,240Net AvGas Fuel Sales 73,860 8,119 5,022 (3,097) 58,324 48,042 (10,282)

Commercial AvGas Fuel Sales 412,788 34,237 32,471 (1,766) 311,043 289,009 (22,033)Fuel Costs-Comm AvGas (370,006) (30,689) (29,538) 1,151 (278,805) (260,787) 18,018Net Comm AvGas Fuel Sales 42,782 3,548 2,933 (615) 32,238 28,223 (4,015)

Auto & Diesel Fuel Sales 279,708 12,909 15,991 3,081 205,418 241,355 35,937Fuel Costs - Auto & Diesel (200,000) (8,689) (10,389) (1,700) (145,382) (187,295) (41,914)Net Auto & Diesel Fuel Sales 79,708 4,220 5,602 1,382 60,037 54,060 (5,977)

Deicing Services 607,283 0 0 0 357,430 697,797 340,368Deicing Costs Type I, Type IV (289,764) (83) 0 83 (170,606) (249,379) (78,773)Net Deicing Services 317,519 (83) 0 83 186,824 448,418 261,594

Deicing Consortium 540,805 0 0 0 337,076 437,439 100,363Deicing Costs Type I, Type IV (540,805) 0 0 0 (337,076) (500,341) (163,265)Net Deicing Consortium 0 0 0 0 0 (62,902) (62,902)

FBO Services 81,422 5,405 4,649 (757) 56,373 40,718 (15,655)Catering (1,000) (83) 0 83 (750) 0 750Oil (3,000) (250) 0 250 (2,250) (1,631) 619Charts, Pilot Supplies (300) (25) 0 25 (225) 0 225Net FBO Services 77,122 5,047 4,649 (398) 53,148 39,087 (14,061)

NET FBO RETAIL SALES 2,281,260 152,994 193,992 40,998 1,676,082 2,071,067 394,985

Albany County Airport AuthorityNet FBO Retail Sales

For the Nine Months Ending Sunday, September 30, 2018

42

Albany County Airport Authority

Expense Summary

2018 SEPTEMBER 30, 2018 September 2018 Actual /Adopted FY Budget Actual Variance Variance 2017 Prior Year


EXPENSES - SUMMARY AvPort-Airport Management 23,040,664$ 17,309,233$ 16,960,348$ 348,885$ 2.0% 16,136,948$ -5.1% Million Air-FBO Management 3,238,577 2,436,609 2,371,621 64,988 2.7% 2,327,882 -1.9% Authority 4,603,949 3,537,492 3,541,823 (4,331) -0.1% 3,278,183 -8.0%

30,883,190$ 23,283,334$ 22,873,792$ 409,542$ 1.8% 21,743,013$ -5.2%

EXPENSES BY CATEGORYPersonal Services 11,037,496$ 8,232,467$ 7,825,215$ 407,251$ 4.9% 7,547,134$ -3.7%Employee Benefits 5,500,582 4,130,126 3,836,186 293,939 7.1% 3,647,120 -5.2%Utilities & Communications 2,118,938 1,678,228 1,672,600 5,628 0.3% 1,601,184 -4.5%Purchased Services Accounting & Auditing 61,000 41,418 49,427 (8,010) -19.3% 51,030 3.1% Insurance 751,830 721,426 736,997 (15,571) -2.2% 725,355 -1.6% Legal Services 50,000 37,500 79,118 (41,618) -111.0% 9,459 -736.4% Public Safety 262,650 195,748 225,580 (29,833) -15.2% 195,609 -15.3% Albany County Sheriffs 2,627,656 1,970,742 1,970,742 - 0.0% 1,933,518 -1.9% Parking Valet Service 350,000 262,500 284,443 (21,943) -8.4% 292,262 2.7% Employee Shuttle 20,000 10,000 12,500 (2,500) 0.0% 10,000 -25.0% Janitorial 484,681 363,511 411,279 (47,768) -13.1% 337,157 -22.0% Public Communications 845,868 615,931 562,508 53,422 8.7% 548,935 -2.5% Special Studies 69,200 51,900 57,458 (5,559) -10.7% 45,264 -26.9% Professional Services 863,160 647,254 624,616 22,638 3.5% 607,107 -2.9%Total Purchased Services 6,386,045 4,917,930 5,014,668 (96,742) -2.0% 4,755,696 -5.4%

Material & Supplies Airfield 901,000 625,229 577,628 47,601 7.6% 500,664 -15.4% Buildings 1,890,077 1,414,153 1,784,959 (370,806) -26.2% 1,580,492 -12.9% Grounds 800,885 629,372 551,215 78,156 12.4% 558,266 1.3% Vehicles 845,100 587,351 597,236 (9,885) -1.7% 596,910 -0.1%Total Material & Supplies 4,437,062 3,256,106 3,511,040 (254,931) -7.8% 3,236,335 -8.5%Office 492,662 364,909 271,553 93,356 25.6% 244,553 -11.0%Administration 910,405 703,571 742,531 (38,960) -5.5% 710,994 -4.4%Total Expenses 30,883,190$ 23,283,337$ 22,873,793$ 409,541$ 1.8% 21,743,016$ -5.2%

DEPARTMENT SUMMARY (DIRECT & INDIRECT)Direct Cost Centers Airfield 3,255,010$ 2,401,163$ 2,414,654$ (13,491)$ -0.6% 2,193,100$ -10.1% FBO 2,572,644 1,928,430 1,905,686 22,743 1.2% 1,867,100 -2.1% Terminal 5,359,187 4,072,175 4,216,417 (144,242) -3.5% 3,947,582 -6.8% Loading Bridges 293,482 219,377 249,143 (29,766) -13.6% 175,099 -42.3% Parking 4,722,146 3,565,397 3,064,832 500,565 14.0% 2,995,660 -2.3% Landside 1,133,753 875,446 918,063 (42,618) -4.9% 944,064 2.8%Total Direct Cost Centers 17,336,222 13,061,988 12,768,795 293,191 2.2% 12,122,605 -5.3%

Indirect Cost Center ARFF 2,027,056 1,507,233 1,384,601 122,632 8.1% 1,429,181 3.1% Operations 1,005,829 752,140 747,150 4,991 0.7% 691,217 -8.1% Security 3,020,977 2,263,876 2,255,515 8,361 0.4% 2,150,474 -4.9% Vehicles & Equipment 1,345,246 995,434 1,058,362 (62,928) -6.3% 964,842 -9.7% Airport Mgmt Administration 877,978 656,993 651,611 5,382 0.8% 645,730 -0.9% FBO Administration 665,934 508,179 465,935 42,244 8.3% 460,782 -1.1% Airport Authority Administration 4,603,949 3,537,492 3,541,823 (4,331) -0.1% 3,278,183 -8.0%Total Indirect Cost Centers 13,546,969 10,221,347 10,104,997 116,351 1.1% 9,620,409 -5.0%

Total Expenses 30,883,191$ 23,283,335$ 22,873,792$ 409,542$ 1.8% 21,743,014$ -5.2%

43


StatisticalHighlights

44

Percentage2018 2018 Percentage 2017 Actual

ACTIVITIES: ACTUAL BUDGET Actual vs. Budget AUDITED 2018 VS. 2017

Enplanements Current Month 113,139 113,590 -0.4% 111,208 1.7%

Year - to - Date 1,097,862 1,064,812 3.1% 1,066,934 2.9%

Aircraft Operations Current Month 5,098 5,332 -4.4% 5,606 -9.1%

Year - to - Date 48,293 47,645 1.4% 48,483 -0.4%

Landed Weight (#) Current Month 128,665,331 127,847,374 0.6% 126,632,991 1.6%

Year - to - Date 1,211,552,728 1,206,943,552 0.4% 1,195,479,172 1.3%

Cargo, Mail & Express (Tons) Current Month 1,557 1,598 -2.5% 1,563 -0.4%

Year - to - Date 13,859 13,978 -0.9% 13,930 -0.5%

FBO Jet A (Gallons) Current Month 103,321 77,799 32.8% 96,413 7.2%

Year - to - Date 885,839 756,836 17.0% 751,867 17.8%

FBO AvGas (Gallons) Current Month 4,772 6,936 -31.2% 6,751 -29.3%

Year - to - Date 40,597 49,818 -18.5% 49,782 -18.5%

AvGas Commercial (gallons) Current Month 8,064 9,590 -15.9% 7,594 6.2%

Year - to - Date 71,618 87,127 -17.8% 86,807 -17.5%

FBO Into-Plane (Gallons) Current Month 1,597,932 1,500,850 6.5% 1,476,853 8.2%

Year - to - Date 15,481,291 14,666,888 5.6% 14,704,088 5.3%

FBO Deicing (Gallons) Current Month 0 0 0.0% 0 0.0%

Year - to - Date 139,769 96,124 45.4% 98,304 42.2%

REVENUES:Landing Fees Current Month $520,993 $493,726 5.5% $461,824 12.8%

Year - to - Date $4,678,516 $4,629,892 1.1% $4,271,715 9.5%

Terminal Current Month $518,411 $512,009 1.3% $519,405 -0.2%

Year - to - Date $4,795,851 $4,608,086 4.1% $4,573,414 4.9%

Parking Current Month $1,122,276 $1,145,072 -2.0% $1,088,340 3.1%

Year - to - Date $11,465,282 $11,380,802 0.7% $11,341,548 1.1%

Rental Cars Current Month $478,515 $466,924 2.5% $473,049 1.2%

Year - to - Date $3,995,732 $4,002,683 -0.2% $4,082,427 -2.1%

Food & Beverage Current Month $95,875 $84,467 13.5% $62,093 54.4%

Year - to - Date $814,570 $782,386 4.1% $594,076 37.1%

Retail Current Month $64,271 $65,483 -1.9% $58,406 10.0%

Year - to - Date $638,722 $624,522 2.3% $617,145 3.5%

Departure Current Month $19,849 $23,664 -16.1% $23,849 -16.8%

Year - to - Date $168,440 $186,321 -9.6% $191,955 -12.3%

FBO Jet A , Net Current Month $175,786 $132,143 33.0% $186,356 -5.7%

Year - to - Date $1,516,140 $1,285,512 17.9% $1,315,547 15.2%

FBO AvGas, Net Current Month $5,023 $8,120 -38.1% $9,049 -44.5%

Year - to - Date $48,042 $58,324 -17.6% $52,898 -9.2%

AvGas Commercial, Net Current Month $2,933 $3,548 -17.3% $3,443 -14.8%

Year - to - Date $28,222 $32,238 -12.5% $33,048 -14.6%

FBO Into-Plane Current Month $52,845 $50,311 5.0% $54,290 -2.7%

Year - to - Date $502,685 $500,919 0.4% $498,100 0.9%

FBO Deicing, Net Current Month $0 $0 0.0% $0 0.0%

Year - to - Date $386,077 $187,572 105.8% $271,007 42.5%

Albany International AirportSeptember Highlights

45

2018 YTD 2017 2016 2015 2014 REVENUE PER ENPLANEMENT: PRELIMINARY AUDITED AUDITED AUDITED AUDITED

Parking $10.51 $10.57 $10.57 $9.87 $9.19Rental Car $3.66 $3.83 $3.59 $3.89 $3.95Food & Beverage $0.75 $0.57 $0.56 $0.51 $0.55Retail $0.59 $0.57 $0.56 $0.54 $0.57Departure $0.15 $0.20 $0.17 $0.19 $0.19

2018 2017 2016 2015 2014 AIRLINE RATES & CHARGES: BUDGET AUDITED AUDITED AUDITED AUDITED

Landing Fees Per 1,000 lbs. MGLW:

Signatory $3.33 $3.12 $2.73 $3.27 $3.06 Non-Signatory $4.16 $3.91 $4.04 $4.04 $4.08Apron Fees Per Square Foot: $1.38 $1.33 $1.19 $1.52 $1.59Terminal Rental Per Square Foot:

Signatory $81.57 $79.86 $81.11 $74.63 $68.13 Non-Signatory $101.96 $100.98 $93.48 $93.48 $90.58Loading Bridges - Annual: $40,849 $47,237 $40,383 $44,761 $31,284Cost per Enplanement :

Airport CPE (after revenue sharing) $7.17 $6.57 $6.00 $7.12 $7.22

Albany International AirportSeptember Highlights

Annual Rates and Charges Summary

46

2018 # % 2018 vs.2018 Budget Variance Variance 2017 2017 2016 2015

January (Actual) 104,011 104,347 (336) -0.3% 106,168 -2.0% 102,325 90,643

February (Actual) 102,852 102,834 18 0.0% 102,255 0.6% 103,214 87,552

March (Actual) 126,052 119,656 6,396 5.3% 119,677 5.3% 119,403 113,146

April (Actual) 122,342 119,508 2,834 2.4% 119,423 2.4% 119,362 111,736

May (Actual) 126,345 119,594 6,751 5.6% 120,665 4.7% 118,293 107,512

June (Actual) 125,618 119,145 6,473 5.4% 120,316 4.4% 117,743 105,861

July (Actual) 137,983 131,550 6,433 4.9% 131,916 4.6% 130,930 122,142

August (Actual) 139,520 134,589 4,931 3.7% 135,306 3.1% 133,612 123,590

September (ACTUAL) 113,139 113,590 (451) -0.4% 111,208 1.7% 115,752 105,997

October (Projected) 129,342 125,449 3,894 3.1% 127,281 1.6% 123,374 116,149

November (Projected) 119,189 115,601 3,588 3.1% 115,758 3.0% 115,220 107,036

December (Projected) 111,495 108,138 3,356 3.1% 107,862 3.4% 108,206 106,385

Total 1,457,888 1,414,000 43,888 3.1% 1,417,835 2.8% 1,407,434 1,297,749

YTD Enplanements 1,097,862 1,064,812 33,050 3.1% 1,066,934 2.9% 1,060,634 968,179

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

Jan Actual Feb Actual Mar Actual Apr Actual May Actual Jun Actual Jul Actual Aug Actual Sep Actual OctProjected

NovProjected

DecProjected

2018 Actual/Projected 2017 Actual 2016 Actual 2015 Actual

Albany International AirportMonthly Enplanements 2015-2018

For the nine months ended September 30

47

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• □ • □

Current Month # % Year To Date # % YTD Market Share %

Carrier 2018 2017 Change Change 2018 2017 Change Change 2018 2017 Change

American 8,417 8,623 (206) -2.4% 81,496 87,042 (5,546) -6.4% 7.4% 8.2% -0.7%

American Eagle-Air Wisconsin 0 2,455 (2,455) -100.0% 313 21,750 (21,437) -98.6% 0.0% 2.0% -2.0%

American Eagle - Envoy 3,249 3,391 (142) -4.2% 30,465 27,985 2,480 8.9% 2.8% 2.6% 0.2%

American Eagle-Piedmont 5,566 6,531 (965) -14.8% 33,785 44,841 (11,056) -24.7% 3.1% 4.2% -1.1%

American Eagle-PSA 4,367 2,146 2,221 103.5% 32,978 27,188 5,790 21.3% 3.0% 2.5% 0.5%

American Eagle-Republic 0 1,748 (1,748) -100.0% 44,001 16,293 27,708 170.1% 4.0% 1.5% 2.5%

American Eagle-SkyWest 0 0 0 0.0% 0 92 (92) -100.0% 0.0% 0.0% 0.0%

American Eagle-TransStates 174 0 174 0.0% 8,177 3,700 4,477 121.0% 0.7% 0.3% 0.4%

Boutique Air 0 219 (219) -100.0% 827 1,263 (436) -34.5% 0.1% 0.1% 0.0%

Cape Air 1,025 933 92 9.9% 8,991 10,023 (1,032) -10.3% 0.8% 0.9% -0.1%

Delta 13,865 16,066 (2,201) -13.7% 122,233 127,327 (5,094) -4.0% 11.1% 11.9% -0.8%

Delta - Endeavor 5,142 0 5,142 0.0% 7,518 18,757 (11,239) -59.9% 0.7% 1.8% -1.1%

Delta - Express Jet 0 0 0 0.0% 0 524 (524) -100.0% 0.0% 0.0% 0.0%

Delta - Go Jet 1,313 0 1,313 100.0% 14,905 652 14,253 2186.0% 1.4% 0.1% 1.3%

Delta - SkyWest 0 3,633 (3,633) -100.0% 24,089 18,075 6,014 33.3% 2.2% 1.7% 0.5%

Elite Airways 127 0 127 100.0% 1,044 0 1,044 100.0% 0.1% 0.0% 0.1%

Frontier 575 0 575 100.0% 575 0 575 100.0% 0.1% 0.0% 0.1%

Jet Blue 7,234 6,201 1,033 16.7% 67,563 67,544 19 0.0% 6.2% 6.3% -0.2%

One-Jet 0 162 (162) -100.0% 3,964 496 3,468 699.2% 0.4% 0.0% 0.3%

Southwest 40,751 40,044 707 1.8% 428,356 430,703 (2,347) -0.5% 39.0% 40.4% -1.4%

United 10,297 7,685 2,612 34.0% 72,339 74,215 (1,876) -2.5% 6.6% 7.0% -0.4%

United Express - Air Wisconsin 1,124 0 1,124 100.0% 7,593 0 7,593 100.0% 0.7% 0.0% 0.7%

United Exp-Commutair 8,279 6,348 1,931 30.4% 70,177 55,989 14,188 25.3% 6.4% 5.2% 1.1%

United Exp-Express Jet 6 206 (200) -97.1% 5,164 3,327 1,837 55.2% 0.5% 0.3% 0.2%

United Exp-Go Jet 0 0 0 0.0% 223 11,600 (11,377) -98.1% 0.0% 1.1% -1.1%

United Exp-Mesa 0 1,317 (1,317) -100.0% 4,335 6,016 (1,681) -27.9% 0.4% 0.6% -0.2%

United Exp-Republic 0 37 (37) -100.0% 4,042 185 3,857 2084.9% 0.4% 0.0% 0.4%

United Exp-Shuttle America 0 0 0 0.0% 0 115 (115) -100.0% 0.0% 0.0% 0.0%

United Exp-SkyWest 243 2,259 (2,016) -89.2% 12,490 7,652 4,838 63.2% 1.1% 0.7% 0.4%

United Exp-TransStates 1,319 1,045 274 26.2% 9,384 2,816 6,568 233.2% 0.9% 0.3% 0.6%

Other - Charters 66 159 (93) 100.0% 835 764 71 9.3% 0.1% 0.1% 0.0%

Total 113,139 111,208 1,931 1.7% 1,097,862 1,066,934 30,928 2.9% 100.0% 100.0% 0.0%

YTD YTD # %Budget Actual Variance Variance

1,064,812 1,097,862 33,050 3.1%

Albany International AirportEnplanements Per Carrier


American, 21.1%

Cape Air, 0.8%

Delta, 15.4%

Elite Airways, 0.1%

Frontier , 0.1%

Jet Blue, 6.2%One‐Jet, 0.4%

Southwest, 39.0%

United , 16.7%

Charters, 0.1% Boutique Air, 0.1%

2018 Market Share

48

1 I~ [

%Type 2018 2017 Change 2016 2015

Passenger 29,614 30,004 -1.3% 29,758 27,064

Cargo 3,074 3,272 -6.1% 3,210 2,792

Charters & Corporate 2,901 2,038 42.3% 2,384 2,656

Sub Total 35,589 35,314 0.8% 35,352 32,512

General Aviation 10,178 10,880 -6.5% 11,112 10,749

Military 2,526 2,289 10.4% 2,357 1,898

Total 48,293 48,483 -0.4% 48,821 45,159

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

Passenger Cargo Charters General Aviation Military

2018 2017 2016 2015

Albany International AirportAircraft Operations by Type


49

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# Current Month # % Year To Date # % YTD Market Share %Carrier Sch. 2018 2017 Change Change 2018 2017 Change Change 2018 2017 Change

American 168 168 158 10 6.3% 1,348 1,574 (226) -14.4% 3.8% 4.5% -0.7%American - Air Wisconsin 0 0 116 (116) -100.0% 18 1,044 (1,026) -98.3% 0.1% 3.0% -2.9%American - Envoy 120 122 120 2 1.7% 1,076 1,084 (8) -0.7% 3.0% 3.1% -0.1%American - Piedmont 280 264 326 (62) -19.0% 1,572 2,398 (826) -34.4% 4.4% 6.8% -2.4%American - PSA 216 222 98 124 126.5% 1,534 1,044 490 46.9% 4.3% 3.0% 1.3%American - Republic Airways 0 2 62 (60) -96.8% 1,444 556 888 159.7% 4.1% 1.6% 2.5%American - Trans States 8 8 0 8 100.0% 374 176 198 112.5% 1.1% 0.5% 0.6%Boutique Air 0 0 116 (116) -100.0% 502 652 (150) -23.0% 1.4% 1.8% -0.4%Cape Air 356 356 332 24 7.2% 3,104 3,610 (506) -14.0% 8.7% 10.2% -1.5%Delta 228 230 288 (58) -20.1% 2,074 2,246 (172) -7.7% 5.8% 6.4% -0.6%Delta - Endeavor 158 158 0 158 100.0% 278 760 (482) -63.4% 0.8% 2.2% -1.4%Delta - Express Jet 0 0 0 0 0.0% 2 26 (24) -92.3% 0.0% 0.1% -0.1%Delta - Go Jet 42 42 0 42 100.0% 464 22 442 2009.1% 1.3% 0.1% 1.2%Delta - Shuttle America 0 0 0 0 0.0% 0 2 (2) -100.0% 0.0% 0.0% 0.0%Delta - Sky West 0 2 146 (144) -98.6% 984 776 208 26.8% 2.8% 2.2% 0.6%Elite Airlines 24 12 0 12 100.0% 92 0 92 100.0% 0.3% 0.0% 0.3%Frontier 8 8 0 8 100.0% 8 0 8 100.0% 0.0% 0.0% 0.0%JetBlue 120 120 104 16 15.4% 1,084 1,072 12 1.1% 3.0% 3.0% 0.0%One Jet 0 0 72 (72) -100.0% 744 218 526 241.3% 2.1% 0.6% 1.5%Southwest 610 610 624 (14) -2.2% 6,560 6,824 (264) -3.9% 18.4% 19.3% -0.9%United 176 176 118 58 49.2% 1,114 1,186 (72) -6.1% 3.1% 3.4% -0.3%United Air Wisconsin 56 56 0 56 0.0% 354 0 354 100.0% 1.0% 0.0% 1.0%United - Commut Air 406 406 430 (24) -5.6% 3,408 3,594 (186) -5.2% 9.6% 10.2% -0.6%United - Express Jet 4 4 12 (8) -66.7% 284 172 112 65.1% 0.8% 0.5% 0.3%United - Go Jet 0 0 0 0 0.0% 8 354 (346) -97.7% 0.0% 1.0% -1.0%United - Mesa 0 0 40 (40) -100.0% 134 200 (66) -33.0% 0.4% 0.6% -0.2%United - Republic Airways 0 0 2 (2) -100.0% 128 8 120 1500.0% 0.4% 0.0% 0.4%United - SkyWest 10 10 66 (56) -84.8% 458 240 218 90.8% 1.3% 0.7% 0.6%United - Shuttle American 0 0 0 0 0.0% 0 4 (4) -100.0% 0.0% 0.0% 0.0%United - Trans States 58 56 44 12 27.3% 430 120 310 258.3% 1.2% 0.3% 0.9%Other - Charters 6 6 4 2 50.0% 26 30 (4) -13.3% 0.1% 0.1% 0.0%Subtotal 3,054 3,040 3,278 (238) -7.3% 29,614 30,004 (390) -1.3% 83.2% 85.0% -1.8%

DHL - Ameriflight, Inc. 38 42 (4) -9.5% 390 380 10 2.6% 1.1% 1.1% 0.0%Federal Express 40 42 (2) -4.8% 386 382 4 1.0% 1.1% 1.1% 0.0%Federal Express - Wiggins Airways 164 202 (38) -18.8% 1,676 1,816 (140) -7.7% 4.7% 5.1% -0.4%United Parcel Service 74 76 (2) -2.6% 622 694 (72) -10.4% 1.7% 2.0% -0.3%Subtotal 316 362 (46) -12.7% 3,074 3,272 (198) -6.1% 8.6% 9.3% -0.7%

Charter, Corporate & Diversions 262 248 14 5.6% 2,901 2,038 863 42.3% 8.2% 5.8% 2.4%Total 3,618 3,888 (270) -6.9% 35,589 35,314 275 0.8% 100.0% 100.0% 0.0%

Albany International AirportOperations Per Carrier

For nine months ended September 30

American, 24.9%

Boutique Air, 1.7%

Cape Air, 10.5%

Delta, 12.9%Elite Airlines, 0.3%

Frontier, 0.0%One Jet, 2.5%

JetBlue, 3.7%

Southwest, 22.2%

United, 21.3%

Other ‐ Charters, 0.1%OPERATIONS AS A PERCENTAGE OF COMMERCIAL CARRIER

50

r

! ! ! ! I ! ! ! ! ! ! !

2018 2018 2018 vs.2018 Budget Variance 2017 2017 2016 2015

January (Actual) 121,408,632 129,452,472 (8,043,840) 128,222,843 -5.3% 117,525,483 103,304,214

February (Actual) 111,973,654 115,140,215 (3,166,561) 114,046,534 -1.8% 115,840,308 92,037,406

March (Actual) 136,093,437 137,555,672 (1,462,235) 136,249,073 -0.1% 142,019,773 120,437,933

April (Actual) 138,592,135 137,814,346 777,789 136,505,291 1.5% 135,028,314 119,377,313

May (Actual) 145,548,731 142,197,604 3,351,126 140,846,914 3.3% 139,980,749 120,306,839

June (Actual) 140,970,587 135,118,886 5,851,702 133,835,433 5.3% 133,960,121 121,103,138

July (Actual) 144,813,203 140,127,421 4,685,781 138,796,395 4.3% 140,184,045 126,564,621

August (Actual) 143,487,018 141,689,562 1,797,456 140,343,697 2.2% 137,206,202 125,078,087

September (ACTUAL) 128,665,331 127,847,374 817,958 126,632,991 1.6% 130,566,058 117,244,013

October (Projected) 132,881,227 132,375,700 505,527 131,118,304 1.3% 137,092,985 122,976,521

November (Projected) 126,332,915 125,852,299 480,615 124,636,868 1.4% 132,288,190 120,142,166

December (Projected) 125,998,793 125,519,449 479,344 124,327,179 1.3% 128,999,178 124,133,174

Total 1,596,765,663 1,590,691,000 6,074,663 1,575,561,522 1.3% 1,590,691,408 1,412,705,423

YTD Landed Weight 1,211,552,728 1,206,943,552 4,609,176 1,195,479,172 1.3% 1,192,311,055 1,045,453,562

0

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NovProjected

DecProjected


Albany International AirportLanded Weights 2015 - 2018


51

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• □ • □

Current Month # % Year To Date # % YTD Market Share %Carrier 2018 2017 Change Change 2018 2017 Change Change 2018 2017 Change

American 11,571,198 11,039,703 531,495 4.8% 95,230,511 109,068,904 (13,838,394) -12.7% 7.9% 9.1% -1.3%

American Eagle 15,501,967 18,753,901 (3,251,934) -17.3% 176,238,649 168,893,073 7,345,575 4.3% 14.5% 14.1% 0.4%

Boutique Air 0 575,361 (575,361) -100.0% 2,489,923 3,318,023 (828,100) -25.0% 0.2% 0.3% -0.1%

Cape Air 1,219,300 1,137,099 82,201 7.2% 10,631,198 12,364,252 (1,733,054) -14.0% 0.9% 1.0% -0.2%

Delta 15,893,502 19,920,904 (4,027,403) -20.2% 138,397,616 146,794,019 (8,396,404) -5.7% 11.4% 12.3% -0.9%

Delta Connection 7,431,111 3,975,300 3,455,811 86.9% 52,268,538 42,143,853 10,124,685 24.0% 4.3% 3.5% 0.8%

Elite Airlines 282,000 0 282,000 100.0% 2,182,000 0 2,182,000 100.0% 0.2% 0.0% 0.2%

Frontier 568,791 0 568,791 100.0% 568,791 0 568,791 100.0% 0.0% 0.0% 0.0%

JetBlue 8,531,880 7,394,297 1,137,583 15.4% 77,071,315 76,082,530 988,785 1.3% 6.4% 6.4% 0.0%

One Jet 0 565,199 (565,199) -100.0% 11,115,418 1,711,299 9,404,119 549.5% 0.9% 0.1% 0.8%

Southwest 41,588,000 41,454,000 134,000 0.3% 435,544,399 444,418,000 (8,873,601) -2.0% 35.9% 37.2% -1.2%

United 13,918,961 8,588,952 5,330,009 62.1% 86,862,453 86,762,259 100,195 0.1% 7.2% 7.3% -0.1%

United Expresses 11,795,622 12,980,275 (1,184,653) -9.1% 121,330,417 102,062,958 19,267,459 18.9% 10.0% 8.5% 1.5%

Charters/Diversions 363,000 248,000 115,000 46.4% 1,621,500 1,860,000 (238,500) -12.8% 0.1% 0.2% 0.0%

Total 128,665,331 126,632,991 2,032,340 1.6% 1,211,552,728 1,195,479,172 16,073,556 1.3% 100.0% 100.0% 0.0%

YTD YTD # %

Budget Actual Variance Variance

1,206,943,552 1,211,552,728 4,609,176 0.4%

Albany International AirportLanded Weights Per Carrier


American, 22.4%

Boutique Air, 0.2%

Cape Air, 0.9%

Delta, 15.7%

Elite Airlines, 0.2%

Frontier, 0.0%JetBlue, 6.4%One Jet, 0.9%

Southwest, 35.9%

United , 17.2%

Charters, 0.1%

2018 MARKET SHARE

52

I I I I I

CARGO 18 vs.17 MAIL & EXPRESS 18 vs.17

2018 2017 % Change 2018 2017 % Change

January 906.25 879.60 3.0% 561.55 451.32 24.4%

February 867.99 887.79 -2.2% 481.10 415.37 15.8%

March 985.47 1,138.70 -13.5% 568.51 555.80 2.3%

April 871.82 1,105.60 -21.1% 509.85 501.95 1.6%

May 1,011.26 964.68 4.8% 655.23 572.86 14.4%

June 970.52 1,073.42 -9.6% 624.09 595.74 4.8%

July 940.60 896.34 4.9% 600.88 518.06 16.0%

August 1,039.71 1,159.26 -10.3% 706.45 649.66 8.7%

September 925.13 983.63 -5.9% 632.21 579.80 9.0%

October 971.74 -100.0% 530.46 -100.0%

November 998.68 -100.0% 555.73 -100.0%December 979.76 -100.0% 773.52 -100.0%

Total 8,518.75 9,089.02 -6.3% 5,339.87 4,840.57 10.3%

Total Fiscal Year 12,039.20 6,700.28

Cargo, Mail & Express 18 vs.17 Cargo, Mail & Express

Carrier 2018 2017 % Change 2016 2015

American 1.51 26.07 -94.2% 38.45 25.40

American - Air Wisconsin 0.08 0.91 -91.8% 3.68 5.40

American - Envoy 0.58 0.22 100.0% 2.82 0.00

American - Piedmont 1.97 1.48 33.1% 2.08 0.97

American - PSA 8.39 1.83 100.0% 0.38 0.00

American - Republic Airways 0.00 0.06 -100.0% 0.01 44.10

American - Skywest 0.00 0.02 100.0% 0.31 0.00

American - Trans States 1.25 0.06 100.0% 0.00 0.00

Delta 89.17 50.37 77.0% 62.78 68.67

Southwest 275.92 365.51 -24.5% 355.99 427.49

United 29.02 11.57 0.0% 1.59 0.48 Airline Subtotal 407.89 458.11 -11.0% 468.08 572.52

DHL - Ameriflight, Inc. 400.72 452.58 -11.5% 319.04 383.21

Federal Express 6,784.90 6,924.33 -2.0% 7,140.50 7,899.26

Federal Express - Wiggins Airways 702.68 799.61 -12.1% 954.32 536.05

United Parcel Serv 5,562.42 5,294.95 5.1% 4,935.00 4,852.87 Subtotal Cargo 13,450.72 13,471.46 -0.2% 13,348.85 13,671.39

Total 13,858.62 13,929.59 -0.5% 13,816.93 14,243.91

Total Fiscal Year 18,739.48 18,692.11 19,372.93

Albany International AirportCargo, Mail & Express Handled by CarrierFor the nine months ended September 30

(In Tons)

53

I

Budget # % 2018 vs.(In tons) 2018 2018 Variance Variance 2017 2017 2016 2015

January (Actual) 1,467.8 1,488.2 (20.4) -1.4% 1,330.9 10.3% 1,565.4 1,538.8

February (Actual) 1,349.1 1,388.1 (39.0) -2.8% 1,303.2 3.5% 1,455.6 1,447.1

March (Actual) 1,554.0 1,587.0 (33.0) -2.1% 1,694.5 -8.3% 1,598.4 1,548.1

April (Actual) 1,381.7 1,543.3 (161.6) -10.5% 1,607.6 -14.1% 1,482.5 1,601.4

May (Actual) 1,666.5 1,644.3 22.2 1.3% 1,537.5 8.4% 1,379.0 1,594.2

June (Actual) 1,594.6 1,577.2 17.5 1.1% 1,669.2 -4.5% 1,588.9 1,613.6

July (Actual) 1,541.5 1,529.0 12.5 0.8% 1,414.4 9.0% 1,468.6 1,624.2

August (Actual) 1,746.2 1,623.0 123.2 7.6% 1,808.9 -3.5% 1,601.0 1,565.3

September (ACTUAL) 1,557.3 1,597.7 (40.4) -2.5% 1,563.4 -0.4% 1,677.6 1,711.4

October (Projected) 1,629.5 1,643.5 (14.0) -0.9% 1,502.2 8.5% 1,510.3 1,755.6

November (Projected) 1,508.1 1,521.1 (13.0) -0.9% 1,554.4 -3.0% 1,574.1 1,485.0

December (Projected) 1,799.4 1,814.8 (15.5) -0.9% 1,753.3 2.6% 1,790.7 1,888.4

18,795.6 18,957.2 (161.6) -0.9% 18,739.5 0.3% 18,692.1 19,372.9

YTD Cargo, Mail, & Express 13,858.6 13,977.8 (119.2) -0.9% 13,929.6 -0.5% 13,816.9 14,243.9

-

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0

1,800.0

2,000.0


NovProjected

DecProjected


Albany International AirportCargo, Mail & Express 2015 - 2018


54

f-

- - - I- - -

• □ • □


AirportRevenues

55

ALBANY COUNTY AIRPORT AUTHORITYFor the Nine Months Ending Sunday, September 30, 2018

2018 September 2018 Actual/Adopted FY Budget Actual Variance Variance 2017 Prior Year


AIRLINE REVENUESCOMMERCIAL Landing Fees $5,297,871 $4,019,784 $4,056,297 $36,513 0.91% $3,747,223 8.25% Airline Apron Fees 695,400 521,550 520,940 (610) -0.12% 503,804 3.40% Glycol Disposal Fee 361,925 221,188 312,467 91,279 41.27% 223,578 39.76%CARGO Landing Fee 570,016 414,029 417,584 3,555 0.86% 389,002 7.35%TERMINAL Loading Bridges 531,039 398,279 452,743 54,463 13.67% 379,256 19.38% Space Rental 5,613,076 4,209,807 4,343,108 133,301 3.17% 4,194,158 3.55%FBO

Into Plane Fees 664,133 500,919 502,685 1,766 0.35% 498,100 0.92% Fuel Farm Fee 600,144 444,328 461,315 16,987 3.82% 440,010 4.84%TOTAL AIRLINE REVENUES 14,333,604 10,729,884 11,067,137 337,253 3.14% 10,375,130 6.67%

NON-AIRLINE REVENUESAIRFIELD General Aviation Landing Fees 256,964 196,079 204,635 8,556 4.36% 194,160 5.40% Aircraft Parking Fees 176,437 133,840 152,198 18,358 13.72% 135,490 12.33% TSA Apron Fee 0 0 0 0 0.00% 227 -100.00% Tenant Maintenance 30,000 21,897 50,161 28,263 129.07% 22,431 123.63%Total Airfield 463,401 351,816 406,994 55,178 15.68% 352,307 15.52%

TERMINAL FIS Facility Use Fee 0 0 1,520 1,520 0.00% 0 0.00% Utility Reimbursement 26,000 19,373 18,027 (1,346) -6.95% 19,495 -7.53% Tenant Maintenance 35,000 23,492 18,512 (4,979) -21.20% 44,621 -58.51% Space Rent - Non Airline 707,894 530,921 546,903 15,982 3.01% 530,413 3.11% Food & Beverage 1,045,060 782,385 814,570 32,185 4.11% 594,076 37.12% Retail 830,657 624,522 638,722 14,200 2.27% 617,144 3.50% Advertising 385,624 279,816 223,655 (56,161) -20.07% 286,878 -22.04% Foreign Currency 26,600 19,950 19,950 0 0.00% 19,950 0.00% Payphones 2,500 1,875 1,551 (324) -17.28% 1,838 -15.61% ATM 36,415 27,319 26,510 (809) -2.96% 27,090 -2.14% Museum Shop 271,122 186,321 168,440 (17,881) -9.60% 191,955 -12.25% Operating Permits 190,684 140,156 155,697 15,542 11.09% 143,013 8.87% Vending Machines 32,589 25,198 24,962 (237) -0.94% 24,244 2.96% Baggage Cart Rentals 7,000 5,250 5,250 0 0.00% 5,250 0.00%Total Terminal 3,597,145 2,666,577 2,664,269 (2,308) -0.09% 2,505,966 6.32%

GROUND TRANSPORTATION Parking 15,170,719 11,380,802 11,465,282 84,480 0.74% 11,341,548 1.09% Rental Cars 5,277,985 4,002,684 3,995,732 (6,952) -0.17% 4,063,889 -1.68% Access Fees 313,470 242,218 247,215 4,997 2.06% 230,283 7.35% TNCs 0 0 92,194 92,194 0.00% 22,080 317.55% Garage Space Rent 87,161 65,371 65,358 (13) -0.02% 63,467 2.98%Total Ground Transportation 20,849,335 15,691,075 15,865,780 174,705 1.11% 15,721,267 0.92%

September 2018

56

ALBANY COUNTY AIRPORT AUTHORITYFor the Nine Months Ending Sunday, September 30, 2018



OTHER AIRPORT Telephone System - 72,425 54,319 53,057 (1,262) -2.32% 54,319 -2.32% Building Rental 126,291 95,039 93,406 (1,633) -1.72% 93,692 -0.31% Control Tower Rental 665,776 499,332 499,332 0 0.00% 499,332 0.00% Air Cargo Facility 884,349 663,262 682,227 18,966 2.86% 686,618 -0.64% State Executive Hangar 1,247,083 935,312 935,312 0 0.00% 935,312 0.00% T Hangars 100,328 75,246 75,942 697 0.93% 72,238 5.13% Tie Downs 4,096 3,072 3,132 60 1.95% 3,072 1.94% AV Gas Fuel Sales 43,138 32,751 30,271 (2,480) -7.57% 33,942 -10.82% FBO Properties 324,732 239,381 280,663 41,282 17.25% 237,609 18.12% Industrial Park 557,765 417,594 413,011 (4,582) -1.10% 401,977 2.75% Land Rental 312,956 234,761 234,811 50 0.02% 228,972 2.55% Eclipse Hangar 39,987 29,990 30,890 900 3.00% 67,292 -54.10% Hangar Rental 441,385 330,283 373,657 43,374 13.13% 316,664 18.00% Internet and Cable Access 11,640 8,730 7,520 (1,210) -13.86% 8,620 -12.76% Fingerprinting 25,000 18,750 22,336 3,586 19.13% 18,873 18.35% Tenant Maintenance 1,000 750 178 (572) -76.32% 0 0.00% Purchasing Proposals 7,000 5,250 855 (4,395) -83.71% 5,180 -83.49% Ebay/Scrap/Equipment 15,000 11,250 6,732 (4,518) -40.16% 9,936 -32.25% Utility Reimbursement 136,000 101,359 125,263 23,904 23.58% 101,277 23.68% Reimb of Property Taxes 37,000 37,000 42,883 5,883 15.90% 36,333 18.03% Other 60,000 45,000 69,850 24,850 55.22% 136,848 -48.96%Total Other Airport 5,112,950 3,838,430 3,981,328 142,898 3.72% 3,948,107 0.84%

TOTAL NON AIRLINE REVENUES 30,022,831 22,547,898 22,918,371 370,474 1.64% 22,527,647 1.73%TOTAL REVENUES 44,356,435 33,277,782 33,985,509 707,727 2.13% 32,902,777 3.29%

September 2018

57

0

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

6,000,000

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

2018 Actual 2018 Budget 2017 Actual

Albany International AirportOperating Revenue


Airline31.3%

Airfield10.3%Terminal

7.0%


41.2%

Other Airport10.2%

YTD 2018 Budget

Airline31.6%


6.6%


39.5%

Other Airport10.0%

YTD 2018 Actual

Airline30.5%


6.4%


42.6%

Other Airport10.3%

YTD 2017 Audited

58

• • C

% of Total 2018 vs.YTD Revenues 2018 Revenues 2017 2017 2016 2015Cash $1,112,664 9.7% $1,202,025 -7.4% $1,318,277 $1,270,584Credit Cards 1,754,705 15.3% 1,640,919 6.9% 1,565,042 1,349,812Express Credit Card Machine 5,624,653 49.1% 5,565,909 1.1% 5,569,801 4,476,325Express EZ Pass 2,587,302 22.6% 2,561,708 1.0% 2,424,813 1,995,405EZ Pass 343,561 3.0% 326,862 5.1% 324,072 327,140Misc Parking Revenue (*) 42,398 0.4% 44,126 -3.9% 41,165 43,584Total Rev handled $11,465,282 100.0% $11,341,548 2.7% $11,243,169 $9,462,850 at the Parking Location

(*) Employee Parking, Over/Short, and adjustments


January (Actual) $1,191,119 $1,236,397 ($45,278) $1,257,733 -5.3% $1,255,963 $984,236

February (Actual) 1,241,645 1,228,060 13,585 1,232,330 0.8% 1,255,458 985,671

March (Actual) 1,574,995 1,542,963 32,032 1,581,307 -0.4% 1,483,347 1,281,754

April (Actual) 1,550,273 1,496,613 53,660 1,495,565 3.7% 1,449,407 1,268,723

May (Actual) 1,358,290 1,372,144 (13,854) 1,368,602 -0.8% 1,368,289 1,119,251

June (Actual) 1,147,240 1,117,621 29,619 1,118,414 2.6% 1,083,242 952,761

July (Actual) 1,106,181 1,109,486 (3,305) 1,073,350 3.1% 1,091,119 950,262

August (Actual) 1,173,263 1,132,443 40,820 1,125,907 4.2% 1,101,308 950,927

September (ACTUAL) 1,122,276 1,145,072 (22,796) 1,088,340 3.1% 1,155,036 969,265October (Projected) 1,349,026 1,339,086 9,940 1,306,746 3.2% 1,290,474 1,159,436

November (Projected) 1,319,832 1,310,107 9,725 1,260,873 4.7% 1,258,315 1,140,852

December (Projected) 1,149,192 1,140,724 8,468 1,076,105 6.8% 1,078,518 1,046,914

Total $15,283,333 $15,170,719 $112,613 $14,985,272 2.0% $14,870,476 $12,810,052

YTD Revenues $11,465,282 $11,380,802 $84,480 $11,341,548 1.1% $11,243,169 $9,462,850

YTD Enplanements 1,097,862 1,064,812 33,050 1,066,934 2.9% 1,060,634 968,179

Revenue Per Enplanement: $10.44 $10.69 ($0.25) $10.63 -1.8% $10.60 $9.77

$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

$1,600,000

$1,800,000

Jan Actual Feb Actual Mar Actual Apr Actual May Actual June Actual July Actual Aug Actual SeptProjected

OctProjected

NovProjected

DecProjected


Albany International AirportPublic Parking Revenues 2015-2018


59

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=- =- - ..... ..... - - - - - .....

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- - - - - - - - - - -

■ □ □ □

Current Month2018 2018 2018 vs.

2018 Budget Variance 2017 2017 2016 2015

Short Term 76,092$ 78,014$ (1,922)$ 73,950$ 2.9% 80,170$ 74,728$

Long Term 370,058 377,280 (7,222) 356,641 3.8% 357,636 274,297

Garage 457,789 457,653 136 435,313 5.2% 472,901 420,201

E Lot 217,626 231,357 (13,731) 222,341 -2.1% 242,755 201,132

Commercial 0 - 0 0 0.0% 0 0

Employee Parking 1,270 769 501 467 171.9% 1,179 946

Customer Adjustments (774) 0 (774) (482) 60.6% 76 (1,676)

Short/Over 215 0 215 110 95.5% 319 (363)

Total 1,122,276$ 1,145,072$ (22,796)$ 1,088,340$ 3.1% 1,155,036$ 969,265$

YTD Revenues2018 2018 2018 vs.

2018 Budget Variance 2017 2017 2016 2015

Short Term 822,848$ 809,494$ 13,354$ 799,505$ 2.9% 814,430$ 760,653$

Long Term 3,565,927 3,424,925 141,002 3,443,386 3.6% 3,100,256 2,430,568

Garage 4,817,483 4,790,421 27,062 4,761,903 1.2% 4,829,442 4,313,673

E Lot 2,221,582 2,320,038 (98,456) 2,297,897 -3.3% 2,463,170 1,919,846

Commercial 0 0 0 0 0.0% 0 0

Employee Parking 42,701 35,924 6,777 40,775 4.7% 40,618 39,727

Customer Adjustments (5,600) 0 (5,600) (2,075) 169.9% (4,147) (967)

Short/Over 341 0 341 157 117.1% (600) (650)

Total 11,465,282$ 11,380,802$ 84,480$ 11,341,548$ 1.1% 11,243,169$ 9,462,850$

$-

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$60,000

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Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec

Short Term Parking

2018 2017 2016 2015

$0

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Long Term Parking

2018 2017 2016 2015

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Garage Parking

2018 2017 2016 2015

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$400,000


Economy Lot Parking

2018 2017 2016 2015

Albany International AirportPublic Parking by Parking Lots 2015-2018For the nine months ended September 30

60

• 0 C • 0 0

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Parking Activity 2018Monthly Totals

SHORT TERM / LOT A GARAGE LONG TERM / LOT D ECONOMY / LOT E Total# $ $ / # % # $ $ / # % # $ $ / # % # $ $ / # % $

January 20,745 $83,215 $4.01 7.0% 11,363 $592,925 $52.18 49.9% 7,772 $304,268 $39.15 25.6% 5,099 $207,103 $40.62 17.4% $1,187,511February 18,093 $80,744 $4.46 6.5% 11,136 $588,092 $52.81 47.4% 9,197 $353,317 $38.42 28.5% 5,968 $219,238 $36.74 17.7% $1,241,391March 25,259 $105,942 $4.19 6.7% 13,029 $686,771 $52.71 43.6% 12,502 $468,419 $37.47 29.8% 8,306 $313,112 $37.70 19.9% $1,574,244April 22,942 $102,960 $4.49 6.6% 12,591 $636,567 $50.56 41.0% 12,793 $493,123 $38.55 31.8% 8,680 $318,148 $36.65 20.5% $1,550,798May 25,590 $99,033 $3.87 7.3% 11,956 $551,257 $46.11 40.6% 11,639 $434,798 $37.36 32.1% 7,859 $271,421 $34.54 20.0% $1,356,509June 26,761 $85,578 $3.20 7.6% 10,570 $457,964 $43.33 40.6% 10,208 $369,746 $36.22 32.8% 6,266 $214,335 $34.21 19.0% $1,127,623July 31,109 $95,495 $3.07 8.7% 8,751 $391,206 $44.70 35.5% 9,550 $385,648 $40.38 35.0% 6,186 $230,335 $37.23 20.9% $1,102,684August 30,261 $93,789 $3.10 8.0% 10,163 $454,912 $44.76 39.0% 9,870 $386,550 $39.16 33.2% 6,297 $230,264 $36.57 19.8% $1,165,515September 21,342 $76,092 $3.57 6.8% 10,107 $457,789 $45.29 40.8% 9,821 $370,058 $37.68 33.0% 6,270 $217,626 $34.71 19.4% $1,121,565October #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! $0November #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! $0December #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! $0

Total 222,102 $822,848 $3.70 7.2% 99,666 $4,817,483 $48.34 42.2% 93,352 $3,565,927 $38.20 31.2% 60,931 $2,221,582 $36.46 19.4% $11,427,840

Parking Activity 2018Cummulative Totals

SHORT TERM / LOT A GARAGE LONG TERM / LOT D ECONOMY / LOT E Total

# $ $ / # % # $ $ / # % # $ $ / # % # $ $ / # % $January 20,745 $83,215 $4.01 7.0% 11,363 $592,925 $52.18 49.9% 7,772 $304,268 $39.15 25.6% 5,099 $207,103 $40.62 17.4% $1,187,511February 38,838 $163,959 $4.22 6.8% 22,499 $1,181,017 $52.49 48.6% 16,969 $657,585 $38.75 27.1% 11,067 $426,341 $38.52 17.6% $2,428,902March 64,097 $269,901 $4.21 6.7% 35,528 $1,867,788 $52.57 46.7% 29,471 $1,126,004 $38.21 28.1% 19,373 $739,453 $38.17 18.5% $4,003,146April 87,039 $372,861 $4.28 6.7% 48,119 $2,504,355 $52.05 45.1% 42,264 $1,619,127 $38.31 29.2% 28,053 $1,057,601 $37.70 19.0% $5,553,944May 112,629 $471,894 $4.19 6.8% 60,075 $3,055,612 $50.86 44.2% 53,903 $2,053,925 $38.10 29.7% 35,912 $1,329,022 $37.01 19.2% $6,910,453June 139,390 $557,472 $4.00 6.9% 70,645 $3,513,576 $49.74 43.7% 64,111 $2,423,671 $37.80 30.2% 42,178 $1,543,357 $36.59 19.2% $8,038,076July 170,499 $652,967 $3.83 7.1% 79,396 $3,904,782 $49.18 42.7% 73,661 $2,809,319 $38.14 30.7% 48,364 $1,773,692 $36.67 19.4% $9,140,760August 200,760 $746,756 $3.72 7.2% 89,559 $4,359,694 $48.68 42.3% 83,531 $3,195,869 $38.26 31.0% 54,661 $2,003,956 $36.66 19.4% $10,306,275September 222,102 $822,848 $3.70 7.2% 99,666 $4,817,483 $48.34 42.2% 93,352 $3,565,927 $38.20 31.2% 60,931 $2,221,582 $36.46 19.4% $11,427,840October 222,102 $822,848 $3.70 7.2% 99,666 $4,817,483 $48.34 42.2% 93,352 $3,565,927 $38.20 31.2% 60,931 $2,221,582 $36.46 19.4% $11,427,840November 222,102 $822,848 $3.70 7.2% 99,666 $4,817,483 $48.34 42.2% 93,352 $3,565,927 $38.20 31.2% 60,931 $2,221,582 $36.46 19.4% $11,427,840December 222,102 $822,848 $3.70 7.2% 99,666 $4,817,483 $48.34 42.2% 93,352 $3,565,927 $38.20 31.2% 60,931 $2,221,582 $36.46 19.4% $11,427,840

61

2018 2018 2018 vs.YTD Revenues 2018 Budget Variance 2017 2017 2016 2015On Airport Rental Car Rev $3,870,264 $3,857,428 $12,836 $3,906,097 -$35,833 $3,802,257 $3,843,758Off Airport Rental Car Rev 125,468 145,255 (19,787) 176,332 (50,863) 129,951 123,233Total YTD $3,995,732 $4,002,683 ($6,951) $4,082,427 -$86,695 $3,932,206 $3,966,991


January (Actual) $274,396 $286,254 ($11,858) $280,610 -2.2% $274,115 284,405

February (Actual) 244,464 281,648 (37,185) 269,050 -9.1% 263,953 301,444

March (Actual) 257,554 320,983 (63,428) 300,825 -14.4% 307,890 348,412

April (Actual) 293,529 339,596 (46,066) 379,319 -22.6% 319,224 338,312

May (Actual) 390,188 413,138 (22,949) 394,053 -1.0% 428,748 401,715

June (Actual) 577,170 541,560 35,610 566,799 1.8% 537,901 536,709

July (Actual) 728,505 665,035 63,470 707,627 3.0% 672,335 643,819

August (Actual) 751,410 687,545 63,865 711,095 5.7% 667,716 662,360September (ACTUAL) 478,515 466,924 11,591 473,049 1.2% 460,324 449,815October (Projected) 496,265 497,128 (863) 549,416 -9.7% 484,966 459,348

November (Projected) 331,960 332,538 (577) 336,262 -1.3% 328,000 318,724

December (Projected) 444,862 445,636 (774) 459,637 -3.2% 312,090 308,350Total 5,268,819 $5,277,985 ($9,166) $5,427,741 -2.9% $5,057,262 5,053,413

YTD Revenues $3,995,732 $4,002,683 ($6,951) $4,082,427 -2.1% $3,932,206 $3,966,991


Revenue Per Enplanement: $3.64 $3.76 -$0.12 $3.83 -5.0% $3.71 $4.10

$50,000

$100,000

$150,000

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$500,000

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$600,000

$650,000

$700,000


NovProjected

DecProjected


Albany International AirportRental Car Revenues 2015-2018


62

- --=

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--f-- ----- - .....

--- - - - --- --- --- --- --- ---

■ □ El □

Sales per Enplanement: Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec YTD2018 McDonalds $1.11 $1.10 $1.33 $1.23 $1.21 $1.21 $1.23 $1.25 $1.23 $1.21

HMS Host $4.11 $4.14 $4.48 $4.13 $4.21 $4.11 $4.01 $4.11 $4.27 $4.17Greenleaf's $0.28 $0.25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.06OHM $0.00 $0.00 $0.10 $0.21 $0.21 $0.23 $0.24 $0.23 $0.19 $0.16Villa $0.44 $0.41 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.09 Total 2017 $5.94 $5.90 $5.91 $5.57 $5.63 $5.55 $5.48 $5.59 $5.69 $0.00 $0.00 $0.00 $5.70

Sales per Enplanement: Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec YTD2017 McDonalds $1.06 $1.05 $1.00 $1.01 $0.96 $0.97 $0.95 $0.97 $0.94 $0.91 $1.01 $1.04 $0.99

HMS Host $3.78 $3.81 $3.94 $3.72 $3.96 $4.02 $3.75 $3.81 $3.81 $3.92 $4.00 $4.26 $3.85Greenleaf's $0.38 $0.45 $0.46 $0.45 $0.40 $0.39 $0.44 $0.43 $0.37 $0.35 $0.30 $0.26 $0.42Villa $0.47 $0.51 $0.47 $0.49 $0.48 $0.47 $0.54 $0.54 $0.46 $0.45 $0.41 $0.44 $0.49 Total 2017 $5.69 $5.82 $5.88 $5.67 $5.80 $5.84 $5.69 $5.74 $5.58 $5.64 $5.73 $6.00 $5.75





ACAA Food & Beverage Revenues


January (Actual) $59,517 $78,999 ($19,482) $57,444 3.6% $54,811 $53,077

February (Actual) 59,536 79,659 (20,123) 57,118 4.2% 56,890 53,246

March (Actual) 102,925 89,874 13,051 68,502 50.3% 65,702 62,167

April (Actual) 94,237 82,738 11,499 65,228 44.5% 65,817 44,693May (Actual) 97,235 87,344 9,891 67,955 43.1% 66,960 56,187

June (Actual) 95,642 87,092 8,550 68,162 40.3% 68,057 55,959July (Actual) 102,349 95,683 6,666 71,600 42.9% 76,561 60,796

August (Actual) 107,254 96,529 10,725 75,973 41.2% 74,763 60,938

September (ACTUAL) 95,875 84,467 11,408 62,093 54.4% 65,090 55,611October (Projected) 95,446 91,675 3,771 73,404 30.0% 68,546 59,093

November (Projected) 92,753 89,088 3,665 68,188 36.0% 70,403 56,994

December (Projected) 85,281 81,911 3,369 68,271 24.9% 51,597 48,778Total 1,088,050 $1,045,060 $42,990 $803,939 35.3% $785,197 $667,539

YTD Revenues $814,570 $782,386 $32,184 $594,076 37.1% $594,651 $502,674


Revenue Per Enplanement: $0.74 $0.73 $0.01 $0.56 32.1% $0.56 $0.52

$0

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NovProjected

DecProjected

Gross Food & Beverage Sales

2018 2017 2016 2015

Albany International AirportFood & Beverage Sales & Revenues 2015-2018


63

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Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec YTD

Sales per Enplanement:

2018 $2.52 $2.56 $2.71 $2.70 $2.79 $2.87 $2.96 $2.97 $2.84 $2.77

2017 $2.49 $2.67 $2.66 $2.74 $2.77 $2.87 $2.84 $2.86 $2.63 $2.61 $2.53 $2.49 $2.72

2016 $2.29 $2.44 $2.41 $2.50 $2.57 $2.77 $2.90 $2.83 $2.75 $2.65 $2.45 $2.53 $2.77

2015 $2.14 $2.35 $2.04 $2.01 $2.22 $2.64 $2.57 $2.55 $2.42 $2.33 $2.32 $2.31 $2.33

ACAA Retail Revenues


January (Actual) $62,868 $67,529 ($4,661) $65,706 -4.3% $65,583 $65,583February (Actual) 52,723 60,371 (7,648) 55,583 -5.1% 55,584 55,583March (Actual) 68,414 64,792 3,622 63,695 7.4% 57,541 57,891

April (Actual) 75,535 71,519 4,016 75,478 0.1% 69,653 63,275

May (Actual) 69,274 65,760 3,514 66,785 3.7% 60,783 55,583June (Actual) 71,368 67,907 3,461 68,968 3.5% 65,255 55,887July (Actual) 91,812 83,497 8,315 85,180 7.8% 85,995 72,804August (Actual) 82,457 77,664 4,793 77,344 6.6% 75,532 62,991September (ACTUAL) 64,271 65,483 (1,212) 58,406 10.0% 63,581 55,583October (Projected) 78,220 76,481 1,739 76,689 2.0% 75,432 65,583November (Projected) 65,312 63,860 1,452 58,637 11.4% 56,553 55,583December (Projected) 67,289 65,793 1,496 50,063 34.4% 55,583 40,651Total $849,543 $830,657 $18,886 $802,534 5.9% $787,075 $707,000

#DIV/0!YTD Revenues $638,722 $624,522 $14,200 $617,145 3.5% $599,507 $545,182


Revenue Per Enplanement: $0.58 $0.59 ($0.01) $0.58 0.0% $0.57 $0.56

$0

$50,000

$100,000

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NovProjected

DecProjected

Gross Retail Sales

2018 2017 2016 2015

Albany International AirportRetail Sales & Revenues 2015-2018


64

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AvPortAirportOperations

65

Albany County Airport AuthoritySummary of AvPorts Expenses

2018 September 2018 September 2018 Actual/Adopted FY Budget Actual Variance Variance 2017 & Prior Year


EXPENSES BY CATEGORY

Personal Services 7,660,900$ 5,708,643$ 5,280,804$ 427,838$ 7.49% 5,085,271$ -3.85%Employee Benefits 3,543,209 2,653,820 2,477,243 176,577 6.65% 2,350,114 -5.41%Utilities & Communications 1,948,934 1,543,583 1,539,727 3,856 0.25% 1,476,847 -4.26%Purchased Services Insurance 258,087 252,775 262,719 (9,944) -3.93% 258,064 -1.80% Public Safety 262,650 195,748 225,580 (29,833) -15.24% 195,609 -15.32% Albany County Sheriffs 2,627,656 1,970,742 1,970,742 0 0.00% 1,933,518 -1.93% Parking Valet Service 350,000 262,500 284,443 (21,943) -8.36% 292,262 2.68% Employee Shuttle 20,000 10,000 12,500 (2,500) 0.00% 10,000 -25.00% Janitorial 459,681 344,761 396,733 (51,972) -15.07% 320,839 -23.65% Public Communications 538,914 389,076 380,128 8,948 2.30% 384,291 1.08% Special Studies 34,200 25,650 12,378 13,272 51.74% 5,516 -124.40% Professional Services 483,000 362,250 347,919 14,331 3.96% 317,203 -9.68%Total Purchased Services 5,034,188 3,813,502 3,893,142 (79,641) -2.09% 3,717,302 4.73%

Material & Supplies Airfield 901,000 625,229 577,628 47,601 7.61% 500,664 -15.37% Buildings 1,775,638 1,328,324 1,680,214 (351,890) -26.49% 1,490,141 -12.76% Grounds 777,685 611,864 527,658 84,206 13.76% 540,222 2.33% Vehicles 576,100 406,075 402,319 3,756 0.92% 411,796 2.30%Total Material & Supplies 4,030,423 2,971,492 3,187,819 (216,327) -7.28% 2,942,823 8.33%Office 236,110 169,602 79,270 90,332 53.26% 74,627 -6.22%Administration 586,900 448,594 502,344 (53,750) -11.98% 489,963 -2.53%Total Expenses 23,040,664$ 17,309,236$ 16,960,349$ 348,885$ 2.02% 16,136,947$ -5.10%

DEPARTMENT SUMMARY (DIRECT & INDIRECT)Direct Cost Centers Airfield 3,255,010$ 2,401,163$ 2,414,654$ (13,491)$ -0.56% 2,193,100$ -10.10% Terminal 5,359,187 4,072,175 4,216,417 (144,242) -3.54% 3,947,582 -6.81% Loading Bridges 293,482 219,377 249,143 (29,766) -13.57% 175,099 -42.29% Parking 4,722,146 3,565,397 3,064,832 500,565 14.04% 2,995,660 -2.31% Landside 1,133,753 875,446 918,063 (42,618) -4.87% 944,064 2.75%Total Direct Cost Centers 14,763,578 11,133,558 10,863,109 270,448 2.43% 10,255,505 -5.92%

Indirect Cost Center ARFF 2,027,056 1,507,233 1,384,601 122,632 8.14% 1,429,181 3.12% Operations 1,005,829 752,140 747,150 4,991 0.66% 691,217 -8.09% Security 3,020,977 2,263,876 2,255,515 8,361 0.37% 2,150,474 -4.88% Vehicles & Equipment 1,345,246 995,434 1,058,362 (62,928) -6.32% 964,842 -9.69% Airport Mgmt Administration 877,978 656,993 651,611 5,382 0.82% 645,730 -0.91%Total Indirect Cost Centers 8,277,086 6,175,676 6,097,239 78,438 1.27% 5,881,444 -3.67%

Total Expenses 23,040,664$ 17,309,234$ 16,960,348$ 348,886$ 2.02% 16,136,949$ -5.10%

66

Total AnnualBudget

This MonthBudget

This MonthActual

Var this MoTo Buget

Year to DateBudget

Year to DateActual

Var this Yrto Budget

EXPENSES

Personal Services11000 Salaries $6,946,636 $534,357 $468,911 $65,446 $5,209,977 $4,692,329 $517,64812010 Overtime 1.5 669,076 51,860 55,075 (3,215) 464,608 557,252 (92,644)12020 Overtime 2.0 45,188 1,177 1,129 48 34,058 31,223 2,835

Total Personal Services 7,660,900 587,393 525,115 62,278 5,708,643 5,280,804 427,838

Employee Benefits21000 Social Security 544,536 49,955 38,885 11,070 397,914 396,467 1,44722000 Health Insurance 2,087,103 160,546 164,901 (4,355) 1,565,327 1,495,055 70,27224000 Medical Exams 21,600 1,800 405 1,395 16,200 7,810 8,39025000 Uniforms & Laundry 43,234 3,603 2,073 1,529 32,426 32,953 (528)25005 Uniform Purchases 38,200 3,183 886 2,298 28,650 9,053 19,59726010 Disability Insurance 112,105 8,623 11,161 (2,537) 84,079 101,443 (17,364)26020 Unemployment Insurance 49,473 453 129 324 48,480 44,577 3,90326030 Workers Compensation 503,727 41,977 29,841 12,137 377,795 268,566 109,22929001 Airport & FBO 401K 143,231 13,100 12,090 1,010 102,949 121,319 (18,370)

Total Employee Benefits 3,543,209 283,240 260,370 22,870 2,653,820 2,477,243 176,577

Utilities & Communications31000 Electric 1,426,250 114,771 60,233 54,538 1,098,377 1,078,794 19,58433000 Natural Gas 231,000 7,613 7,049 565 176,905 213,397 (36,493)34000 Sewer 88,000 0 0 0 88,000 91,431 (3,431)35000 Water 110,150 55,075 37,054 18,021 110,150 91,805 18,34536010 Telephone Charges-Local 13,620 1,135 1,098 37 10,215 9,956 25936011 Tele Chg-Long Dist 675 56 26 31 506 315 19136012 Telephone - Sheriff 4,200 350 336 14 3,150 3,023 12736017 Payphones-Annual & Mo Serv 21,500 1,792 420 1,372 16,125 13,061 3,06436018 Payphones-Monthly Usage 300 25 0 25 225 193 3236020 Telephone Repairs 5,000 417 0 417 3,750 0 3,75036030 Telephone-Cellular 44,000 3,667 348 3,319 33,000 35,440 (2,440)36060 Cable Television 4,239 353 208 145 3,179 2,312 868

Total Utilities & Communications 1,948,934 185,254 106,771 78,483 1,543,583 1,539,727 3,856

PURCHASED SERVICES

Insurance42010 Airport Liability Insurance 5,750 479 479 0 4,313 4,313 042020 Automotive Insurance 61,505 5,050 5,615 (565) 61,505 68,378 (6,873)42060 Property Insurance 175,332 14,499 15,559 (1,060) 175,332 180,028 (4,696)42095 Insurance Claims 15,500 1,292 10,000 (8,708) 11,625 10,000 1,625

Total Insurance 258,087 21,320 31,653 (10,333) 252,775 262,719 (9,944)

Public Safety44000 Public Safety 2,627,656 218,971 218,971 0 1,970,742 1,970,742 044005 Outside Security Services 251,650 22,717 46,688 (23,971) 187,498 218,787 (31,290)44010 Armored Car Service 11,000 917 721 195 8,250 6,793 1,45744020 Parking Valet Service 350,000 29,167 25,066 4,101 262,500 284,443 (21,943)44030 Employee Shuttle Service 20,000 0 0 0 10,000 12,500 (2,500)

Total Public Safety 3,260,306 271,772 291,446 (19,675) 2,438,990 2,493,265 (54,275)

Janitorial45000 Janitorial Services 406,621 33,885 36,265 (2,380) 304,966 346,419 (41,454)

ALBANY COUNTY AIRPORT AUTHORITYDetail of AvPorts Departments


67

Total AnnualBudget

This MonthBudget

This MonthActual

Var this MoTo Buget

Year to DateBudget

Year to DateActual


45010 Refuse Removal Services 53,060 4,422 5,584 (1,162) 39,795 50,314 (10,518)Total Janitorial 459,681 38,307 41,849 (3,542) 344,761 396,733 (51,972)

Public Communications46012 Artistic Exhibits 115,132 11,064 14,504 (3,440) 85,899 93,962 (8,063)46013 Museum Shop 281,144 24,968 20,137 4,831 196,199 179,300 16,89946020 Passenger Information Booth 142,638 11,887 11,874 13 106,979 106,866 113

Total Public Communications 538,914 47,918 46,515 1,404 389,076 380,128 8,948

Studies47000 Special Studies 22,000 1,833 0 1,833 16,500 11,800 4,70047010 GIS Services 12,200 1,017 0 1,017 9,150 578 8,572

Total Studies 34,200 2,850 0 2,850 25,650 12,378 13,272

Professional Services49010 Architectural 40,000 3,333 0 3,333 30,000 3,048 26,95249020 Engineering Services 33,000 2,750 2,239 511 24,750 37,371 (12,621)49040 Professional Management 410,000 34,167 34,167 0 307,500 307,500 0

Total Professional Services 483,000 40,250 36,406 3,844 362,250 347,919 14,331

Total Purchased Services 5,034,188 422,416 447,869 (25,453) 3,813,501 3,893,142 (79,641)

MATERIALS & SUPPLIES

Airfield51010 Fencing 10,000 1,643 0 1,643 7,458 9,214 (1,756)51011 Airfield Lighting 100,000 23,633 1,485 22,148 88,790 33,383 55,40651014 Pavement Repairs 10,000 6,460 0 6,460 8,307 738 7,56951015 Apron Maintenance 50,000 12,112 473 11,639 32,654 24,069 8,58551016 Runway Painting 30,000 0 0 0 25,318 22,694 2,62351017 Airfield Shop Supplies 20,000 1,667 4,059 (2,393) 15,000 23,315 (8,315)51019 Snow Removal Supplies 250,000 0 0 0 119,241 226,693 (107,453)51020 Rubber Removal 35,000 4,310 18,552 (14,242) 28,197 18,552 9,64551030 EMS Supplies 10,000 833 0 833 7,500 5,857 1,64351031 ARFF Supplies 25,000 2,083 403 1,680 18,750 5,327 13,42351032 Hazardous Material Supplies 6,000 500 0 500 4,500 3,187 1,31351033 Foam 24,000 2,000 2,736 (736) 18,000 5,764 12,23651051 Glycol Disposal 3,500 292 0 292 2,625 0 2,62551052 Wastewater Conveyance 7,500 0 0 0 7,500 7,500 051053 Electric 100,000 2,146 2,392 (247) 85,245 81,573 3,67251054 Sewer District Charges 5,000 0 0 0 5,000 5,000 051055 Water District Charges 15,000 924 2,706 (1,782) 11,870 15,883 (4,012)51057 System Maint & Repairs 200,000 12,600 6,460 6,140 139,275 88,879 50,397

Total Airfield 901,000 71,202 39,268 31,934 625,229 577,628 47,601

Buildings52010 Alarm & PA Systems 72,900 6,075 25,823 (19,748) 54,675 113,168 (58,493)52012 Card Access Control 45,000 3,750 1,269 2,481 33,750 45,295 (11,545)52013 CTV Repair 25,000 2,083 1,375 708 18,750 15,203 3,54752014 Key Access System 15,000 1,250 813 437 11,250 19,457 (8,207)52020 Baggage System 20,000 1,667 4 1,662 15,000 7,762 7,23852031 Electrical Repairs & Supplies 169,000 14,083 50,881 (36,798) 126,750 238,904 (112,154)52032 Elevator Repairs & Supplies 145,000 12,083 450 11,633 108,750 104,012 4,738



68

Total AnnualBudget

This MonthBudget

This MonthActual

Var this MoTo Buget

Year to DateBudget

Year to DateActual


52033 HVAC 189,000 15,750 25,385 (9,635) 141,750 215,744 (73,994)52034 Roof 28,000 2,333 3 2,330 21,000 26,113 (5,113)52035 Plumbing Repairs & Supplies 61,000 5,083 27,644 (22,560) 45,750 55,048 (9,298)52036 Automatic Door Repairs 9,000 750 0 750 6,750 3,718 3,03252037 Pest Control 16,640 1,387 1,484 (97) 12,480 14,538 (2,057)

52038Building Maintenance Contract Services 0 0 6,164 (6,164) 0 24,809 (24,809)

52040 Fire Equipment Services 5,000 417 0 417 3,750 1,818 1,93252041 Fire Equipment Testing 3,000 250 756 (506) 2,250 2,036 21452050 US Customs 25,000 1,605 7,379 (5,774) 15,345 22,916 (7,571)52051 Control Tower 300,000 25,000 23,843 1,157 225,000 198,721 26,27952060 Building Maintenance 355,000 29,583 55,700 (26,117) 266,250 406,364 (140,114)52062 Janitorial Supplies 153,000 12,750 9,725 3,025 114,750 91,595 23,15552063 Window Washing 59,574 4,965 960 4,005 44,681 33,488 11,19252071 ID Tags 24,000 2,000 3,595 (1,595) 18,000 22,491 (4,491)52080 Sign Expense 4,000 333 2,165 (1,832) 3,000 6,715 (3,715)52090 Flight Information Displays 51,524 4,294 750 3,544 38,643 10,301 28,342

Total Buildings 1,775,638 147,491 246,168 (98,677) 1,328,324 1,680,214 (351,890)

Grounds53010 Landscaping 34,200 269 1,655 (1,386) 17,249 22,987 (5,739)53020 Fencing 1,500 125 0 125 1,125 0 1,12553030 Pavement Repairs 38,000 669 159 510 25,919 35,385 (9,466)53035 Utitlity Repairs 500 42 0 42 375 0 37553040 Sign Expense 13,500 1,125 464 661 10,125 6,179 3,94653041 Traffic Light Repairs 2,000 167 0 167 1,500 0 1,50053045 Catch Basin Maintenance 3,000 250 0 250 2,250 0 2,25053048 Snow Removal Supplies 70,000 0 58,082 (58,082) 62,972 77,205 (14,233)53050 Snow Removal Services 265,600 0 0 0 248,784 198,997 49,78753051 NYS Police Hangar Maint 125,000 10,417 20,213 (9,797) 93,750 68,346 25,40453060 Dump Fees - Landfill 3,650 304 0 304 2,738 6,007 (3,269)53070 Hazardous Waste Mgmt 12,300 1,025 0 1,025 9,225 2,767 6,45853071 Wildlife Hazard Management 38,000 306 217 89 14,731 7,639 7,09253078 Liquid Waste Disposal 30,000 2,500 3,913 (1,413) 22,500 6,977 15,52353085 Land Lease 15,435 1,286 1,286 0 11,576 18,077 (6,500)53090 T-Hangar Facility Maintenance 125,000 14,621 16,032 (1,411) 87,045 77,092 9,953

Total Grounds 777,685 33,106 102,022 (68,916) 611,864 527,658 84,206

Vehicles54010 Gasoline 43,000 2,138 3,953 (1,815) 30,550 46,416 (15,866)54011 Diesel Fuel 103,000 6,353 4,803 1,551 77,826 97,474 (19,647)54012 Oil / Grease 29,000 2,417 2,764 (347) 21,750 17,546 4,20454015 CNG Fuel 26,000 2,071 1,951 120 20,631 16,972 3,65954013 Vehicle / Equipment Tires 41,000 3,417 1,778 1,638 30,750 13,547 17,20354021 Vehicle Repair & Maintenance 52,000 5,056 5,847 (791) 40,915 55,959 (15,044)54022 Vehicle Communication Equip 7,000 583 0 583 5,250 9,936 (4,686)54023 Sheriff Vehicle Repair & Maint 100 8 0 8 75 0 7554030 General Equip Repair & Maint 70,000 5,833 5,269 564 52,500 34,044 18,45654040 Heavy Equipment Maint 50,000 2,106 2,242 (136) 31,331 51,430 (20,099)54045 ARFF Vehicle Repair & Maint 20,000 1,667 897 769 15,000 5,070 9,93054050 Snow Equip Repair & Maint 80,000 1,406 368 1,037 38,833 10,807 28,02554060 Mower Repair & Maintenance 15,000 1,728 78 1,651 10,664 10,768 (105)54070 Vehicle Shop Tools & Supplies 40,000 3,333 5,491 (2,158) 30,000 32,350 (2,350)

Total Vehicles 576,100 38,117 35,442 2,675 406,075 402,319 3,756



69

Total AnnualBudget

This MonthBudget

This MonthActual

Var this MoTo Buget

Year to DateBudget

Year to DateActual


Total Material & Supplies 4,030,423 289,916 422,899 (132,984) 2,971,491 3,187,818 (216,327)

Office55010 Office Equipment Rental 5,736 478 251 227 4,302 3,828 47555011 Copy Machine Use 725 83 0 83 550 0 55055012 Office Equipment Serv Agrmnt 4,463 256 0 256 3,370 3,082 28855013 Office Equipment Repairs 700 58 0 58 525 0 52555014 Computer System Supplies 36,600 3,050 0 3,050 27,450 6,243 21,20755015 Hardware/Software Maint 66,461 3,749 0 3,749 44,288 16,850 27,43855016 Computer Equipment 47,675 3,973 2,401 1,572 35,756 8,261 27,49555020 Office Furniture & Fixtures 5,050 421 0 421 3,788 1,205 2,58355030 Printed Forms / Letterhead 4,200 350 379 (29) 3,150 920 2,23055031 Parking Ticket Stock 16,000 1,333 0 1,333 12,000 10,276 1,72455032 Printing Outside Services 100 8 0 8 75 0 7555041 Express Mail 600 50 53 (3) 450 301 14955050 Reference Materials 1,200 100 0 100 900 0 90055060 Office Supplies 13,600 1,133 662 471 10,200 5,860 4,34055070 Payroll Services 33,000 2,080 2,946 (865) 22,798 22,445 353

Total Office 236,110 17,123 6,692 10,431 169,602 79,270 90,332

Administration66000 Dues & Subscriptions 9,690 0 0 0 9,365 6,399 2,96766002 A.A.A.E. Memberships 550 0 550 (550) 550 1,100 (550)66010 AvPorts/MA Training & Travel 78,810 9,616 1,425 8,191 57,903 29,367 28,53566030 Advertising - Public Meetings 2,000 167 0 167 1,500 0 1,50066031 Economic Development 10,000 833 0 833 7,500 0 7,50066040 License & Permits 3,850 0 2,300 (2,300) 0 2,300 (2,300)66050 Property Taxes 37,000 0 0 0 37,000 37,302 (302)66060 Credit Card Service Charges 325,000 18,609 27,939 (9,330) 237,343 266,626 (29,282)66061 EZ Pass Fees 120,000 14,181 8,455 5,726 97,433 89,182 8,25166065 A/R Write Offs 0 0 0 0 0 70,069 (70,069)

Total Administration 586,900 43,406 40,668 2,738 448,594 502,344 (53,750)

Total Expenses 23,040,664 1,828,749 1,810,385 18,364 17,309,233 16,960,348 348,885

83000 Non Capital Equipment 240,000 20,000 0 20,000 180,000 222,495 (42,495)Total Exp & Non Cap Equip. 23,280,664 1,848,749 1,810,385 38,364 17,489,233 17,182,843 306,390



70

Variance

Budget As of As of As of As of As of As of As of As of As of As of As of As of Budget vs.

2018 Jan 31, 18 Feb 28, 18 Mar 31, 18 Apr 30, 18 May 31,18 Jun 30,18 Jul 31,18 Aug 31,18 Sep 30,18 Oct 31,18 Nov 30,18 Dec 31,18 Sep 30,18

AIRPORT MANAGEMENT - AVPORTS:Airfield

Maintenance Manager 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00Deputy Maintenance Manager 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00Airport Maintenance Supervisor 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00Airport Maintenance Lead-Airfield 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 0.00Electrician 2.00 1.00 1.00 1.00 2.00 2.00 2.00 2.00 2.00 2.00 0.00Airport Maintenance Tech-Electrical 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00Airport Maintenance Lead-Grounds 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00Airport Maint Tech Lead-Glycol 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00Airport Maint Tech -Chief Glycol 0.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00Airport Maint Tech-Glycol 4.00 3.00 3.00 3.00 3.00 2.00 2.00 2.00 2.00 2.00 -2.00Airport Maint Tech Airfield 12.00 9.00 9.00 9.00 9.00 10.25 10.75 9.75 9.00 9.00 -3.00Secretary 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.00

TerminalFacilities Manager 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00Facilities Coordinator 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.00Facilities Maint Lead 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 0.00Facilities Maint - HVAC 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00Facilities Maint Technician 5.00 5.00 5.00 5.00 5.00 5.00 4.00 4.25 4.00 4.00 -1.00Custodial Supervisor 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00Custodial Lead 5.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 -1.00Custodial Worker 18.00 16.00 16.00 15.00 15.00 14.00 16.00 17.00 18.00 18.00 0.00Floor Care Technician 1.00 2.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00Airport Custodial Technician 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00Artistic Exhibits 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.00Museum Shop 5.50 4.25 4.25 4.25 4.25 4.25 4.25 4.25 4.25 4.25 -1.25

Loading BridgesFacilities Maint Lead-Loading Bridge 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 0.00

ParkingDeputy, Commercial Services 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00Parking Supervisor 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 0.00Lead Cashier 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 0.00Cashier, Full Time 14.00 13.00 13.00 14.00 14.00 13.00 14.00 14.00 14.00 14.00 0.00Cashier, Part Time - FTE 2.50 0.00 0.50 0.50 0.50 0.50 0.00 0.00 0.00 0.00 -2.50Shuttle Operator Lead 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00Shuttle Detailer 1.00 1.00 1.00 0.00 0.00 0.00 0.00 0.00 0.00 1.00 0.00Shuttle Operator, Full Time 12.00 12.00 12.00 11.00 11.00 12.00 12.00 12.00 12.00 11.00 -1.00Shuttle Operator, Part Time - FTE 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00Lead Parking Maint Tech 1.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -1.00Parking Assistant 1.00 0.00 0.00 0.00 0.00 0.00 0.00 1.00 1.00 0.00 -1.00Parking Maint Technician 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 0.00

SecurityCurbside Monitors, Full Time 4.00 4.00 4.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 -1.00Curbside Monitors, Part Time - FTE 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.00 2.00 -0.50

LandsideTower/Custodial 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 0.00Admin Building/Custodial 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.00

ARFFChief/Safety Manager 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00Captains/Safety Supervisor 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 0.00Firefighters/Safety Officer 16.00 15.00 15.00 15.00 15.00 15.00 15.00 15.00 15.00 15.00 -1.00

OperationsAirport Operations Manager 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00Airport Security Supervisor 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00Asst Airport Security Supervisor 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00Airport Operations Supervisor 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 0.00Airport Operations Officer 4.00 5.00 5.00 5.00 5.00 5.00 5.00 4.00 4.00 2.00 -2.00Receptionist 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00

Vehicles & EquipmentAirport Maint Lead-Vehicle Maint 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 0.00Inventory Control Specialist 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00Airport Maint Tech-Vehicle Maint 8.00 8.00 8.00 8.00 8.00 8.00 8.00 8.00 8.00 8.00 0.00

Administration 3.50 3.50 3.50 3.50 3.50 3.75 3.75 3.75 3.50 3.50 0.00Total AvPORTS Positions 173.00 160.25 159.75 156.75 157.75 157.25 159.25 159.50 158.75 155.75 0.00 0.00 0.00 -17.25

Albany International AirportEmployee Count 2018

71

Year to Date Year to DateBudget Actual Variance

Personnel Services

Regular - Salaries 4,425,006$ 3,900,244$ 524,762$

Holiday Pay 185,470 121,225 64,245

Other Dollars/Funeral/Jury/Retro 144,936 256,949 (112,013)

Shift Premium 69,390 59,408 9,982

Lead Pay 9,183 6,582 2,601

Sick Pay 82,027 84,060 (2,033)

Personal Pay - - -

Vacation Pay 293,965 263,861 30,104

Sub Total 5,209,977 4,692,329 517,648

Overtime 464,608 557,252 (92,644)

Double Time Pay 34,058 31,223 2,835

Total 5,708,643 5,280,804 427,839

Employee Benefits

Social Security & Medicare 397,914 396,467 1,447

Federal Unemployment Tax 8,342 7,101 1,241

NYS Unemployment 40,138 37,476 2,662

Workers Compensation 377,795 268,566 109,229

401 (K) Plan Match 102,949 121,319 (18,370)

Health & Dental Insurance 1,777,052 1,695,596 81,456

Employee Benefits Deductions (211,725) (200,541) (11,184)

Disability/Life Insurance 84,079 101,443 (17,364)

Total 2,576,544 2,427,427 149,117

Total Salaries and Benefits 8,285,187$ 7,708,231$ 576,956$

Personnel Services & BenefitsFor the nine months ended September 30, 2018

AFCO (AvPorts)

72

Airfield Performance Measurements

2015 Final 2016 Final 2017 Final 2018 Budget2018 YTD

Actual

Number of vehicle accidents on Airfield over $1,000 1 1 1 0 0

Airport remained open for all airline operations 100% 100% 100% 100% 100%

Electrical work-orders 621 727 868 700 788

SPEDES permit sanctions 0 0 0 0 0

Gallons of deicing aircraft storm water fluid collected 15,586,695 13,606,000 18,499,000 25,000,000 17,871,383ygwater removed (the higher the better) 3.1% 2.9% 3.3% 3.5% 4.1%

Employees with CDL licenses 35 34 33 40 34

Runway incidents 0 0 0 0 0

Notices to Airmen (NOTAMs) for airfield lighting 54 66 28 0 24

Occupational Safety and Health Administration (OSHA) reportable incidents 7 2 2 0 2Liquid potassium acetate used on runways (avg gallons per snow ice event) 1,768 785 2,418 4,000 3,032

Airfield electric usage (KWH) 595,519 636,751 659,988 635,000 520,934

Overtime/Personnel Services (%) 14.1% 11.3% 14.0% 9.9% 12.4%

Terminal Performance Measurements


Actual

HVAC Equipment in operation 100.0% 100.0% 100.0% 100.0% 100.0%

Work Orders 3,413 3,586 3,548 3,600 3,230

Survey: cleanliness of the terminal N/A N/A N/A 80% N/A

Average # of days a work order remains open 2.5 2.5 2.5 2.5 2.6

Plumbing Equipment in operation 100% 100% 100% 100% 100%

Terminal Maintenance direct cost per square foot $16.63 $18.38 $17.77 $18.81 $14.62

Terminal electrical usage (KWH): 79 Building 1,569,493 1,547,262 1,337,120 1,540,000 1,053,329

Terminal electrical usage (KWH): 98 Building 7,700,324 7,339,716 7,041,849 7,329,000 5,084,597


Loading Bridge Performance Measurements


Actual

Direct Cost per Loading Bridge $25,158 $20,933 $23,787 $22,576 $19,165

Airline Employees trained 11 2 13 5 35

Over-the-Wing (OTW) Loading Bridge total operations 3,881 4,278 4,249 4,300 3,056

Loading Bridge electrical usage (KWH) (6.1% of 98 building gets allocated) 667,216 635,970 635,970 640,000 440,569

OTW Loading Bridge Maintenance calls (new measurement for 2009) 59 93 80 10 76

OTW Loading Bridge out of service (new measurement for 2009) 10.9% 19.5% 30.2% 0.0% 27.1%

Number of leased loading bridges 14 14 13 13 13


Parking Performance Measurements


Actual

Express parking transactions 308,094 327,771 345,998 325,000 262,986

Cashier parking transactions 315,367 322,647 292,572 312,000 213,480

Cashier parking transaction errors 109 110 67 114 41

Shuttle Bus Survey (new measurement for 2008) N/A N/A N/A 85% N/A

Customer/Vehicle Contact 0 0 0 0 0

OSHA recordable accidents 6 6 2 0 2

Parking electrical usage (KWH) 345,278 348,356 348,356 345,000 256,403

Parking Garage electrical usage (KWH) (23.5% of 98 building gets allocated) 2,570,421 2,450,047 2,450,047 2,500,000 1,697,273

YTD Loss/Gain -$1,178 -$1,080 -$636 -$884 $215


Albany International Airport2018 AvPort's Performance MeasurementsFor the nine months ended September 30

73

Landside Performance Measurements


Actual

Number of tenants 53 53 56 56 56

Landside building rental (Sq ft) * 316,243 327,108 329,478 326,919 429,165

Landside land rental (acres)* 31 34 36 36 36Tenant complaints 0 0 0 0 0

*Includes rented space/land only

ARFF Performance Measurements


Actual

Annual Dispatch Calls 527 536 658 550 471

Tour conducted by ARFF 36 34 21 35 30

AED classes conducted 2 27 22 15 0

Fire Extinguishers inspected/serviced 5,904 5,711 5,970 5,600 4,261

NYS Fire Fighter training (training hours) 1,992 504 504 1,900 378

OSHA required fire training (training hours) 156 156 156 156 117

NYS EMT training (training hours) 480 480 480 480 360

FAA ARFF training (training hours) 516 516 516 516 387

Building code inspections 30 52 45 20 30


Operations Performance Measurements


Actual

Work Orders (Facility) Building Maintenance calls 3,491 3,698 3,644 3,500 3,232

Work Orders (139) aeronautical areas 793 729 999 750 828

Notice to airmen (NOTAMS) 1,158 978 1,471 1,000 1,799

Bird Strikes 27 48 71 15 23

Property Damage Reports 154 147 176 140 142

Bodily Injury Reports 185 248 246 200 160

FAA 139 Inspections discrepancies 9 18 9 5 7

Operations' employee accidents 0 0 0 0 0

Operations' property accidents 0 2 0 0 1


Security Performance Measurements


Actual

Security Trainees 559 686 697 600 547

Driver Trainees 277 408 422 300 332

Finger Printing 727 763 743 1100 641

Badges Issued 130 166 186 200 132

Revalidations* 521 656 681 400 661

Escort Required Badges Issued 3,524 2,840 2,137 2,500 2,005

Business Center Security Passes 186 169 64 100 137

Curbside Accidents 0 0 0 0 0

Curbside Security - Overtime/Personnel Services (%) 10.9% 8.6% 5.4% 1.5% 5.1%

*Revalidations of badges are performed every other year

Vehicle Maintenance Performance Measurements


Actual

Heavy Equipment (Units) 47 47 47 45 45

Light Vehicles (Units) 34 34 34 36 35

Light Equipment (Units) 233 233 233 230 230

Average age of ARFF Fleet (yrs) 9 9 8 7 9

Average age of Shuttle Buses (yrs) 4 4 3 4 4

Average age of Fuel Trucks (yrs) 12 12 14 13 15

Average age of other large vehicles 17 17 16 15 17

Average age of Pick-ups 15 15 10 16 11

Shuttle Bus (Not less than 6 operational) 7 7 7 7 7

Fuel Truck (Not less than 7 operational) 7 7 7 7 7

Technicians trained 33 0 24 2 16


AvPort's Administration Performance Measurements


Actual

AvPort's total full time employment equivalents 150.5 154.3 159.5 173.0 155.8

Total AvPort's overtime 13.6% 12.4% 12.4% 9.3% 11.1%

Budgetary needs met Yes Yes Yes Yes Yes

Saving/revenue producing ideas 0 0 0 1 0

Total AvPorts Property Damage Reports 35 16 23 29 4

Administration Overtime/Personnel Services (%) 0.0% 0.0% 0.0% 0.0% 0.0%

Employee turnover 27.0% 15.9% 12.9% 19.0% 11.5%

74

I I I I I I


Million Air FBO

Operations

75

TOTALBudget Actual Budget Actual Budget Actual Budget Actual Variance

REVENUES Retail Fuel Jet A Fuel Sales -$ -$ 3,330,078$ 4,217,999$ -$ -$ 3,330,078$ 4,217,999$ 887,921$ AvGas Fuel Sales - - 243,114 210,285 - - 243,114 210,285 (32,829) Commercial AvGas Fuel Sales 311,043 289,009 - - - - 311,043 289,009 (22,034) Auto & Diesel Fuel Sales 205,418 241,355 - - - - 205,418 241,355 35,937 Retail Fuel Sales 516,461 530,364 3,573,192 4,428,284 - - 4,089,653 4,958,648 868,995 Into Plane Fees 500,919 502,685 - - - - 500,919 502,685 1,766 Fuel Farm Fees 444,328 461,315 - - - - 444,328 461,315 16,987 General Aviation Landing Fees - - 196,079 204,635 - - 196,079 204,635 8,556 Aircraft Parking Fees 133,840 - - 152,198 - - 133,840 152,198 18,358 Deicing Services 677,558 1,070,786 16,948 64,451 - - 694,506 1,135,237 440,731 FBO Properties - - 239,381 280,663 - - 239,381 280,663 41,282 FBO Services - - 56,373 40,718 - - 56,373 40,718 (15,655) TOTAL REVENUES 2,273,106$ 2,565,150$ 4,081,973$ 5,170,949$ -$ -$ 6,355,079$ 7,736,099$ 1,381,020$

COST OF SALES ( ) Fuel Costs - Jet A - - 1,816,405 2,418,141 - - 1,816,405 2,418,141 601,736 Fuel Volume Discounts - Jet - - 228,161 283,718 - - 228,161 283,718 55,557 Fuel Costs - AvGas - - 180,841 159,534 - - 180,841 159,534 (21,307) Fuel Volume Discounts - AvGas - - 3,949 2,709 - - 3,949 2,709 (1,240) Fuel Costs - Commercial AvGas 278,805 260,787 - - - - 278,805 260,787 (18,018) Fuel Costs - Auto & Diesel 145,382 187,295 - - - - 145,382 187,295 41,913 Fuel Costs 424,187 448,082 2,229,356 2,864,102 - - 2,653,543 3,312,184 658,641 Deicing Costs - Type I & IV 506,932 749,160 - - - - 506,932 749,160 242,228 Catering, Oil & Other - - 3,975 2,191 - - 3,975 2,191 (1,784) Total Cost of Sales 931,119 1,197,242 2,233,331 2,866,293 - - 3,164,450 4,063,535 899,085 Net Operating 1,341,987$ 1,367,908$ 1,848,642$ 2,304,656$ -$ -$ 3,190,629$ 3,672,564$ 481,935$

EXPENSES ( ) Personal Services Salaries 334,706$ 305,139$ 460,408$ 447,090$ 153,727$ 156,347$ 948,841$ 908,576$ 40,265$ Overtime 40,103 48,031 68,212 112,493 - - 108,315 160,524 (52,209) Total Personal Services 374,809 353,170 528,620 559,583 153,727 156,347 1,057,156 1,069,100 (11,944) Employee Benefits 152,387 105,554 242,449 210,270 64,063 44,645 458,899 360,469 98,430 Utilities & Communications 17,547 16,120 52,266 52,480 2,963 1,344 72,776 69,944 2,832 Purchased Services 66,186 55,954 94,948 93,882 246,026 232,684 407,160 382,520 24,640 Materials & Supplies - - - Buildings 9,525 5,437 55,107 85,502 - - 64,632 90,939 (26,307) Grounds 15,000 22,042 2,408 1,354 - - 17,408 23,396 (5,988) Vehicles 131,390 136,294 49,886 58,623 - - 181,276 194,917 (13,641) Total Materials & Supplies 155,915 163,773 107,401 145,479 - - 263,316 309,252 (45,936) Office & Admistration - 17,393 135,902 132,032 41,400 30,916 177,302 180,341 (3,039) Non-Capital Equipment - - - - - - - - - TOTAL EXPENSES 766,844 711,964 1,161,586 1,193,726 508,179 465,936 2,436,609 2,371,626 64,983

FBO Net Direct Cost 575,143$ 655,944$ 687,056$ 1,110,930$ (508,179)$ (465,936)$ 754,020$ 1,300,938$ 546,918$

Allocation of Indirect Cost Centers ARFF 45,217 41,538 45,217 41,538 90,434 83,076 7,358 Operations 37,607 37,358 37,607 37,358 75,214 74,715 499 Security 22,639 22,555 22,639 22,555 45,278 45,110 167 Vehicles & Equipment 49,772 52,918 29,863 31,751 79,635 84,669 (5,034) Airport Mgmt Administration 26,372 20,967 30,934 34,213 57,306 55,180 2,126 FBO Administration 233,860 177,046 274,319 288,889 (508,179) (465,935) - - - ACAA Administration 181,551 144,792 212,961 236,259 394,512 381,051 13,461 Total Allocation 597,018 497,175 653,540 692,562 (508,179) (465,935) 742,379 723,802 18,577

FBO Net Results (21,875)$ 158,769$ 33,516$ 418,368$ -$ -$ 11,641$ 577,136$ 565,495$

Albany County Airport AuthorityFBO Operations Summary

For the nine months ended September 30, 2018

Commercial Fueling (60) GA & Facilities (61) Administration (69)

76

2018 Actual 2018 Budget 2017 ActualGross Cost of Net Gross Cost of Net Gross Cost of Net

YTD Revenues Revenues Sales Revenue Revenues Sales Revenue Revenues Sales RevenueJet A Fuel Sales 4,217,999$ 2,418,141$ 1,799,858$ 3,330,078$ 1,816,405$ 1,513,673$ 3,283,300$ 1,747,114$ 1,536,186$ Fuel Volume Discounts-Jet A 283,718 (283,718) 228,161 (228,161) 220,639 (220,639) AvGas Fuel Sales-Commercial 289,009 260,787 28,222 311,043 278,805 32,238 310,880 277,832 33,048 AvGas Fuel Sales 210,285 159,534 50,751 243,114 180,841 62,273 244,521 187,875 56,646 Fuel Volume Discounts-AvGas 2,709 (2,709) 3,949 (3,949) 3,748 (3,748) Auto & Diesel Fuel Sales 241,355 187,295 54,060 205,418 145,382 60,036 188,454 141,023 47,431 Into-Plane Fees 502,685 502,685 500,919 500,919 498,100 498,100 Fuel Farm Fees 461,315 461,315 444,328 444,328 440,010 440,010 Landing Fees 204,635 204,635 196,079 196,079 194,160 194,160 Parking Fees 152,198 152,198 133,840 133,840 135,490 135,490 Deicing 1,135,237 749,160 386,077 694,506 506,932 187,574 667,212 396,207 271,005 Properties 280,663 280,663 239,381 239,381 237,609 237,609 FBO Services (Catering, etc) 40,718 2,192 38,526 56,373 3,972 52,401 60,462 1,895 58,567 Total 7,736,099$ 4,063,536$ 3,672,563$ 6,355,079$ 3,164,449$ 3,190,630$ 6,260,198$ 2,976,332$ 3,283,866$

2018 Actual 2018 Budget 2017 ActualGross Cost of Net Gross Cost of Net Gross Cost of Net

Revenues Sales Revenue Revenues Sales Revenue Revenues Sales RevenueJanuary 981,904$ 551,280$ 430,624$ 808,182$ 440,932$ 367,250$ 798,178$ 408,458$ 389,720$ February 838,732 452,647 386,085 867,194 487,587 379,607 804,190 422,162 382,028 March 1,060,934 552,644 508,290 694,683 333,287 361,396 730,999 341,082 389,917 April 682,197 342,099 340,098 606,079 292,990 313,089 532,290 246,150 286,140 May 843,555 430,353 413,202 601,944 283,112 318,832 646,415 292,995 353,420 June 673,250 341,233 332,017 669,806 322,394 347,412 618,392 277,099 341,293 July 859,036 448,941 410,095 718,888 343,152 375,736 602,414 268,672 333,742 August 1,057,757 555,130 502,627 805,170 385,279 419,891 827,092 397,621 429,471 September 738,734 389,209 349,525 583,133 275,716 307,417 700,228 322,093 378,135 October 725,700 358,173 367,527 752,802 377,235 375,567 November 665,750 333,052 332,698 583,550 267,084 316,466 December 884,346 471,532 412,814 984,987 503,567 481,420 Total 7,736,099$ 4,063,536$ 3,672,563$ 8,630,875$ 4,327,206$ 4,303,669$ 8,581,537$ 4,124,218$ 4,457,319$

YTD 7,736,099$ 4,063,536$ 3,672,563$ 6,355,079$ 3,164,449$ 3,190,630$ 6,260,198$ 2,976,332$ 3,283,866$

Albany International AirportFBO Net Revenue

Before Operating and Maintenance ExpensesFor the nine months ended September 30

$-

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000



77

■ ■ □

Jet A Gallons 2018 # % 2018 vs2018 Budget Variance Variance 2017 2017 2016 2015

January (Actual) 82,592 72,616 9,976 13.7% 70,070 17.9% 81,710 66,871February (Actual) 71,125 68,849 2,276 3.3% 67,820 4.9% 74,536 53,561March (Actual) 72,099 67,961 4,138 6.1% 66,129 9.0% 79,951 67,968April (Actual) 72,863 73,139 (276) -0.4% 65,069 12.0% 68,402 78,117May (Actual) 118,650 80,744 37,906 46.9% 99,920 18.7% 83,850 94,019June (Actual) 89,409 95,365 (5,956) -6.2% 89,950 -0.6% 80,224 83,781July (Actual) 122,091 103,242 18,849 18.3% 83,365 46.5% 110,860 95,790August (Actual) 153,689 117,122 36,567 31.2% 113,131 35.9% 120,313 115,631September (ACTUAL) 103,321 77,799 25,522 32.8% 96,413 7.2% 79,169 72,449October (Projected) 112,078 95,756 16,322 17.0% 107,989 3.8% 102,474 111,038November (Projected) 84,235 71,968 12,267 17.0% 65,483 28.6% 82,517 61,875December (Projected) 82,603 70,574 12,029 17.0% 70,963 16.4% 67,060 66,245Total 1,164,755 995,134 169,621 17.0% 996,302 16.9% 1,031,066 967,345

YTD Gallons 885,839 756,836 129,003 17.0% 751,867 17.8% 779,015 728,187

Jet A Net Revenue 2018 # % 2018 vs2018 Budget Variance Variance 2017 2017 2016 2015

January (Actual) 141,143$ 123,340$ 17,803$ 14.4% 112,128$ 25.9% 140,607$ 112,955$ February (Actual) 121,451 116,942 4,509 3.9% 113,822 6.7% 125,545 95,736March (Actual) 130,403 115,435 14,968 13.0% 118,397 10.1% 139,416 114,624April (Actual) 117,160 124,228 (7,068) -5.7% 111,173 5.4% 117,903 135,086May (Actual) 210,246 137,146 73,100 53.3% 175,376 19.9% 143,880 152,129June (Actual) 143,769 161,980 (18,211) -11.2% 158,488 -9.3% 138,577 132,133July (Actual) 204,549 175,360 29,189 16.6% 140,062 46.0% 199,181 164,015August (Actual) 271,633 198,938 72,695 36.5% 199,745 36.0% 210,063 201,123September (ACTUAL) 175,786 132,143 43,643 33.0% 186,356 -5.7% 132,912 133,269October (Projected) 191,824 162,645 29,179 17.9% 191,217 0.3% 176,189 176,999November (Projected) 144,171 122,241 21,931 17.9% 108,259 33.2% 142,396 98,270December (Projected) 141,375 119,870 21,505 17.9% 111,976 26.3% 121,863 110,415Total 1,993,510$ 1,690,268$ 303,242$ 17.9% 1,726,999$ 15.4% 1,788,532$ 1,626,754$

YTD Net Revenues 1,516,140$ 1,285,512$ 230,628$ 17.9% 1,315,547$ 15.2% 1,348,084$ 1,241,070$

020,00040,00060,00080,000

100,000120,000140,000160,000180,000


NovProjected

DecProjected

Ga

llon

s

Jet A Sales (Gallons)


Albany International AirportFBO Jet A Fuel Sales


$-

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000


NovProjected

DecProjected

Jet A Net Revenue


78

■ D D D

- - -- - >- - -- - - F .__ --

n=fflF - m >- rm - - - - - - -

f - - - - - - -

• □ □ □

AvGas Gallons 2018 # % 2018 vs2018 Budget Variance Variance 2017 2017 2016 2015

January (Actual) 2,978 3,582 (604) -16.9% 3,248 -8.3% 4,915 3,366February (Actual) 2,914 2,967 (53) -1.8% 2,836 2.8% 3,087 3,563March (Actual) 3,134 3,793 (659) -17.4% 4,236 -26.0% 4,773 3,703April (Actual) 3,471 5,704 (2,233) -39.1% 5,261 -34.0% 5,879 6,653May (Actual) 5,062 6,320 (1,258) -19.9% 6,101 -17.0% 6,884 7,353June (Actual) 5,378 6,560 (1,182) -18.0% 6,292 -14.5% 8,954 6,109July (Actual) 6,547 6,476 71 1.1% 6,118 7.0% 6,733 7,462August (Actual) 6,341 7,480 (1,139) -15.2% 8,939 -29.1% 6,380 7,701September (ACTUAL) 4,772 6,936 (2,164) -31.2% 6,751 -29.3% 5,863 9,186October (Projected) 4,277 5,249 (972) -18.5% 5,359 -20.2% 6,588 6,044November (Projected) 3,785 4,645 (860) -18.5% 4,090 -7.5% 5,563 5,663December (Projected) 2,751 3,376 (625) -18.5% 3,479 -20.9% 3,537 3,635Total 51,410 63,088 (11,678) -18.5% 62,710 -18.0% 69,156 70,438

YTD Gallons 40,597 49,818 (9,221) -18.5% 49,782 -18.5% 53,468 55,096

AvGas Net Revenue 2018 # % 2018 vs2018 Budget Variance Variance 2017 2017 2016 2015

January (Actual) 3,940$ 4,193$ (253)$ -6.0% 2,687$ 46.6% 4,839$ 1,476$ February (Actual) 2,516 3,474 (958) -27.6% 2,618 -3.9% 1,857 1,988March (Actual) 2,405 4,441 (2,036) -45.8% 2,843 -15.4% 5,885 6,282April (Actual) 5,159 6,677 (1,518) -22.7% 5,721 -9.8% 6,205 7,024May (Actual) 4,869 7,399 (2,530) -34.2% 6,373 -23.6% 9,675 9,021June (Actual) 4,982 7,681 (2,699) -35.1% 6,322 -21.2% 10,632 8,674July (Actual) 7,935 7,582 353 4.7% 6,925 14.6% 7,786 5,273August (Actual) 11,213 8,757 2,456 28.0% 10,360 8.2% 7,815 7,806September (ACTUAL) 5,023 8,120 (3,097) -38.1% 9,049 -44.5% 7,463 9,693October (Projected) 5,062 6,145 (1,083) -17.6% 5,560 -9.0% 5,076 4,231November (Projected) 4,479 5,438 (959) -17.6% 5,967 -24.9% 4,755 1,485December (Projected) 3,255 3,952 (697) -17.6% 1,237 163.2% 5,917 8,291Total 60,838$ 73,860$ (13,022)$ -17.6% 65,662$ -7.3% 77,905$ 71,244$

#DIV/0!YTD Net Revenues 48,042$ 58,324$ (10,282)$ -17.6% 52,898$ -9.2% 62,157$ 57,237$

01,0002,0003,0004,0005,0006,0007,0008,0009,000

10,000


NovProjected

DecProjected

Gal

lons

AvGas Sales (Gallons)


$-

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000


NovProjected

DecProjected

AvGas Net Revenue


Albany International AirportFBO Av Gas Retail Sales


79

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■ □ C □

Commercial AvGas Gallons 2018 # % 2018 vs2018 Budget Variance Variance 2017 2017 2016 2015

January (Actual) 8,683 10,031 (1,348) -13.4% 12,793 -32.1% 13,548 13,746February (Actual) 6,467 8,974 (2,507) -27.9% 11,347 -43.0% 12,560 11,219March (Actual) 6,977 10,455 (3,478) -33.3% 13,639 -48.8% 13,080 15,549April (Actual) 7,076 10,175 (3,099) -30.5% 10,817 -34.6% 13,340 14,410May (Actual) 9,460 9,850 (390) -4.0% 7,402 27.8% 14,577 14,407June (Actual) 8,132 9,484 (1,352) -14.3% 7,834 3.8% 13,001 14,870July (Actual) 8,070 9,170 (1,100) -12.0% 7,875 2.5% 8,754 15,749August (Actual) 8,689 9,396 (707) -7.5% 7,506 15.8% 9,604 15,111

September (ACTUAL) 8,064 9,590 (1,526) -15.9% 7,594 6.2% 13,774 15,165October (Projected) 8,158 9,925 (1,767) -17.8% 7,743 5.4% 14,650 14,407November (Projected) 7,788 9,475 (1,687) -17.8% 7,820 -0.4% 12,715 14,914December (Projected) 7,481 9,101 (1,620) -17.8% 7,223 3.6% 12,983 14,296Total 95,045 115,627 (20,582) -17.8% 109,593 -13.3% 152,586 173,843

YTD Gallons 71,618 87,127 (15,509) -17.8% 86,807 -17.5% 112,238 130,226

Commercial AvGas Net Revenue 2018 # % 2018 vs2018 Budget Variance Variance 2017 2017 2016 2015

January (Actual) 3,965$ 3,712$ 253$ 6.8% 4,805$ -17.5% 5,974$ 5,202$ February (Actual) 2,165 3,320 (1,155) -34.8% 4,625 -53.2% 4,003 6,693 March (Actual) 2,981 3,868 (887) -22.9% 4,706 -36.7% 5,277 4,447 April (Actual) 2,564 3,765 (1,201) -31.9% 4,016 -36.2% 5,040 4,577 May (Actual) 3,889 3,645 244 6.7% 2,780 39.9% 5,548 5,684 June (Actual) 3,168 3,509 (341) -9.7% 2,619 21.0% 4,822 5,654 July (Actual) 3,315 3,393 (78) -2.3% 3,229 2.7% 2,817 5,388 August (Actual) 3,242 3,478 (236) -6.8% 2,825 14.8% 3,970 5,983

September (ACTUAL) 2,933 3,548 (615) -17.3% 3,443 -14.8% 5,271 6,825 October (Projected) 3,237 3,672 (435) -11.9% 2,860 13.2% 4,476 5,254 November (Projected) 3,090 3,506 (416) -11.9% 2,831 9.2% 4,165 7,613 December (Projected) 2,967 3,366 (399) -11.9% 2,668 11.2% 5,293 2,120

Total 37,711$ 42,782$ (5,071)$ -11.9% 41,407$ -8.9% 56,656$ 65,440$

YTD Net Revenues 28,222$ 32,238$ (4,016)$ -12.5% 33,048$ -14.6% 42,722$ 50,453$

Albany International AirportCommercial Av Gas Retail Sales


0

5,000

10,000

15,000

20,000

25,000


NovProjected

DecProjected

Commercial AvGas Sales (Gallons)


$-

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

$7,000

$8,000

$9,000


NovProjected

DecProjected

Commercial AvGas Net Revenue


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Deicing gallons sold through meters 2018 # % 2018 vs2018 Budget Variance Variance 2017 2017 2016 2015

January (Actual) 20,525 21,195 (670) -3.2% 24,685 -16.9% 14,145 22,282February (Actual) 18,289 29,196 (10,907) -37.4% 26,437 -30.8% 17,437 33,875March (Actual) 29,689 9,150 20,539 224.5% 11,991 147.6% 981 11,009April (Actual) 4,758 4,005 753 18.8% 530 797.7% 8,786 892October (Projected) 5,457 4,733 724 15.3% 5,049 8.1% 5,767 3,135November (Projected) 12,345 10,708 1,637 15.3% 1,184 942.7% 11,114 2,929December (Projected) 26,464 22,955 3,509 15.3% 25,203 5.0% 26,507 11,946Total 117,527 101,942 15,585 15.3% 95,079 23.6% 84,737 86,068

YTD Gallons 73,261 63,546 9,715 15.3% 63,643 15.1% 41,349 68,058

Deicing gallons sold through meters Net Revenue2018 # % 2018 vs

2018 Budget Variance Variance 2017 2017 2016 2015January (Actual) (28,775)$ 0 (28,775)$ 100.0% 6,670$ -531.4% (2,395)$ 127February (Actual) (29,046) 0 (29,046) 0.0% 2,322 -1350.9% 12,514 1,169March (Actual) (2,171) 0 (2,171) 0.0% 7,706 -128.2% (3,199) 1,110April (Actual) (2,912) 0 (2,912) 0.0% (6,980) 0.0% 2,292 (232)October (Projected) 0 0 - 0.0% 1,749 -100.0% 778 (1,341)November (Projected) 0 0 - 0.0% 1,574 -100.0% (4,603) (2,692)December (Projected) 0 0 - 0.0% (1,730) -100.0% (1,648) (15,765)Total -62,904 0 (62,904)$ 100.0% 11,311$ -656.1% 3,739$ (17,624)$

#DIV/0!

YTD Net Revenues (62,904)$ -$ (62,904)$ 100.0% 9,718$ -747.3% 9,212$ 2,174$

05,000

10,00015,00020,00025,00030,00035,00040,000

Jan Actual Feb Actual Mar Actual Apr Actual Oct Projected Nov Projected Dec Projected

Gal

lons

Deicing (Gallons sold through meters)


Albany International AirportFBO Deicing Sales Consortium


$(35,000) $(30,000) $(25,000) $(20,000) $(15,000) $(10,000)

$(5,000) $-

$5,000 $10,000 $15,000


Deicing Net Revenue


81

• □ □ □

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Deicing gallons sprayed 2018 # % 2018 vs2018 Budget Variance Variance 2017 2017 2016 2015

January (Actual) 21,867 10,267 11,600 113.0% 10,964 99.4% 6,053 9,534February (Actual) 18,176 14,581 3,595 24.7% 13,776 31.9% 10,149 13,995March (Actual) 21,401 5,681 15,720 276.7% 9,246 131.5% 551 5,018April (Actual) 5,064 2,049 3,015 147.2% 675 650.2% 4,433 157October (Projected) 3,815 1,869 1,946 104.1% 431 785.2% 3,928 670November (Projected) 6,564 3,215 3,348 104.1% 2,231 194.2% 5,209 794December (Projected) 36,147 17,706 18,441 104.1% 25,237 43.2% 13,260 7,368Total 113,034 55,369 57,665 104.1% 62,560 80.7% 43,583 37,536

YTD Gallons 66,508 32,579 33,929 104.1% 34,661 91.9% 21,186 28,704

Deicing gallons sprayed Net Revenue 2018 # % 2018 vs2018 Budget Variance Variance 2017 2017 2016 2015

January (Actual) 141,663$ 58,595$ 83,068$ 141.8% 91,123$ 55.5% 49,782$ 73,651$ February (Actual) 127,744 84,337 43,407 51.5% 98,604 29.6% 79,410 104,238March (Actual) 147,445 33,117 114,328 345.2% 59,441 148.1% 6,732 35,760April (Actual) 32,128 11,523 20,605 178.8% 12,121 165.1% 33,181 1,163October (Projected) 28,195 11,779 16,416 139.4% 2,237 1160.4% 28,882 5,103November (Projected) 42,876 17,913 24,964 139.4% 16,093 166.4% 43,735 6,362December (Projected) 242,361 101,252 141,109 139.4% 179,788 34.8% 55,253 59,356Total 762,412 318,515$ 443,897$ 139.4% 459,407$ 66.0% 296,975$ 285,633$

YTD Net Revenues 448,980$ 187,572$ 261,408$ 139.4% 261,289$ 71.8% 169,105$ 214,812$

$-

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000


Deicing Net Revenue


Albany International AirportFBO Deicing Sales Sprayed


05,000

10,00015,00020,00025,00030,00035,00040,000


Gal

lon

s

Deicing (Gallons sprayed)


82

• D D D

• D □ □

2018 2018 2017YTD Expenses Actual Budget ActualPersonal Services Salaries $908,575 $948,842 $894,488 Overtime 160,523 108,314 144,093Total Personal Services 1,069,098 1,057,156 1,038,581

Employee Benefits 360,468 458,899 385,990Utilities & Communications 69,943 72,776 62,967Purchased Services 382,520 407,160 429,247

Material & Supplies Buildings 90,938 64,632 54,346 Grounds 23,396 17,408 17,994 Vehicles 194,917 181,276 185,113Total Materials & Supplies 309,251 263,316 257,453

Administration 180,343 177,304 153,645Non-Capital Equipment - - - Total Expenses 2,371,621$ 2,436,610$ 2,327,882$

2018 2018 2017Actual Budget Actual

January 312,720$ 361,252$ 327,320$ February 266,639 247,977 249,907 March 301,868 245,258 273,858 April 241,095 292,367 254,232 May 217,740 237,070 231,662 June 263,094 243,069 255,977 July 229,965 294,223 269,540 August 269,334 237,386 214,015 September 269,166 278,008 251,371 October 267,675 243,298 November 248,093 221,990 December 286,199 318,266 Total 2,371,621$ 3,238,577$ 3,111,436$

YTD 2,371,621$ 2,436,610$ 2,327,882$

Albany International AirportFBO Operating and Maintenance ExpensesFor the nine months ended September 30

$-

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000



83

■ ■ □

Total AnnualBudget

This MonthBudget

This MonthActual

Var this MoTo Buget

Year to DateBudget

Year to DateActual


EXPENSES

Personal Services11000 Salaries $1,265,123 $121,646 $93,889 $27,757 $948,842 $908,575 $40,26712010 Overtime 1.5 155,916 13,532 17,216 (3,684) 108,314 160,523 (52,209)

Total Personal Services 1,421,039 135,179 111,105 24,073 1,057,157 1,069,098 (11,942)

Employee Benefits21000 Social Security 108,709 10,282 8,279 2,003 80,210 79,529 68122000 Health Insurance 435,857 41,909 25,476 16,434 326,893 251,518 75,37524000 Medical Exams 1,500 125 0 125 1,125 1,125 025000 Uniforms & Laundry 6,650 554 406 148 4,988 3,744 1,24425005 Uniform Purchases 11,500 958 2,500 (1,541) 8,625 8,074 55126010 Disability Insurance 3,302 318 0 318 2,477 (728) 3,20526020 Unemployment Insurance 24,643 542 (44) 586 23,159 7,864 15,29529001 Airport & FBO 401K 15,365 1,186 1,173 13 11,422 9,343 2,080

Total Employee Benefits 607,526 55,874 37,789 18,086 458,899 360,468 98,430

Utilities & Communications31000 Electric 48,000 5,252 4,116 1,136 40,295 39,615 68033000 Natural Gas 31,600 328 68 260 25,697 23,725 1,97235000 Water 700 350 1,043 (693) 700 1,405 (705)36010 Telephone Charges-Local 550 46 25 21 412 313 9936011 Tele Chg-Long Dist 650 54 24 30 488 326 16136033 Wireless 2,412 201 200 1 1,809 2,002 (193)36035 Radio Communications 3,000 250 0 250 2,250 817 1,43336060 Cable Television 1,500 125 0 125 1,125 1,740 (615)

Total Utilities & Communications 88,412 6,606 5,476 1,130 72,776 69,943 2,832

PURCHASED SERVICES

Insurance42010 Airport Liability Insurance 110,868 0 0 0 90,776 70,684 20,09242041 Environmental Liability 7,642 0 0 0 7,642 0 7,64242060 Property Insurance 50,858 1,144 1,228 (84) 50,858 52,017 (1,159)42095 Insurance Claims 20,000 1,667 0 1,667 15,000 11,954 3,046

Total Insurance 189,368 2,811 1,228 1,583 164,276 134,655 29,621

Janitorial45010 Refuse Removal Services 3,000 250 216 34 2,250 1,944 306

Total Janitorial 3,000 250 216 34 2,250 1,944 306

Public Communications46010 Public Relations 42,000 3,500 3,500 0 31,500 31,500 0

Total Public Communications 42,000 3,500 3,500 0 31,500 31,500 0

Studies47000 Special Studies 0 0 0 0 0 6,750 (6,750)

Total Studies 0 0 0 0 0 6,750 (6,750)

Professional Services49010 Architectural 0 0 0 0 0 750 (750)49040 Professional Management 279,000 22,382 26,702 (4,320) 209,134 206,920 2,213

ALBANY COUNTY AIRPORT AUTHORITYDetail of FBO/Million Air Departments


84

Total AnnualBudget

This MonthBudget

This MonthActual

Var this MoTo Buget

Year to DateBudget

Year to DateActual


Total Professional Services 279,000 22,382 26,702 (4,320) 209,134 207,670 1,463

Total Purchased Services 513,368 28,943 31,646 (2,703) 407,160 382,520 24,640


FBO51101 Fuel Costs - Jet A 2,388,322 186,717 297,733 (111,016) 1,816,405 2,418,141 (601,736)51102 Fuel Discounts - Jet A 300,000 23,454 31,954 (8,500) 228,161 283,718 (55,557)51103 Fuel Costs - AvGas 229,009 25,177 19,244 5,933 180,841 159,534 21,30751104 Fuel Discount - AvGas 5,000 550 351 199 3,949 2,709 1,24051108 Fuel Costs - Comm AvGas 370,006 30,689 29,538 1,151 278,805 260,787 18,01851105 Fuel Costs - Auto Gas 50,000 2,068 2,980 (912) 37,088 53,776 (16,688)51107 Fuel Costs - Diesel 150,000 6,621 7,409 (788) 108,294 133,519 (25,226)51110 Deicing Type I - Sprayed 251,663 0 0 0 147,291 204,369 (57,078)51111 Deicing Type I - Consortium 423,449 0 0 0 266,764 395,730 (128,966)51112 Deicing Type IV - Sprayed 37,101 0 0 0 22,565 44,450 (21,885)51113 Deicing Type IV - Consortium 117,356 0 0 0 70,312 104,611 (34,299)51120 Catering 1,000 83 0 83 750 0 75051125 Oil 3,000 250 0 250 2,250 1,631 61951126 TKS 1,000 83 0 83 750 560 19051130 Charts, Pilot Supplies 300 25 0 25 225 0 225

Total FBO 4,327,206 275,718 389,208 (113,491) 3,164,449 4,063,536 (899,086)

Buildings52010 Alarm & PA Systems 6,200 517 1,811 (1,294) 4,650 1,987 2,66352031 Electrical Repairs & Supplies 8,000 667 6,201 (5,535) 6,000 13,654 (7,654)52032 Elevator Repairs & Supplies 10,000 833 0 833 7,500 308 7,19252033 HVAC 10,500 875 0 875 7,875 3,090 4,78552034 Roof 5,500 458 0 458 4,125 1,004 3,12152035 Plumbing Repairs & Supplies 3,500 292 387 (96) 2,625 2,138 48752036 Automatic Door Repairs 4,000 333 216 117 3,000 679 2,32152037 Pest Control 744 62 62 0 558 558 052060 Building Maintenance 27,000 2,250 1,257 993 20,250 62,228 (41,978)52062 Janitorial Supplies 7,000 583 55 528 5,250 2,568 2,68252063 Window Washing 3,232 269 0 269 2,424 2,238 18652080 Sign Expense 500 42 0 42 375 485 (110)

Total Buildings 86,176 7,181 9,989 (2,808) 64,632 90,938 (26,306)

Grounds53010 Landscaping 500 0 0 0 500 654 (154)53030 Pavement Repairs 500 167 0 167 333 0 33353040 Sign Expense 100 8 0 8 75 0 7553070 Hazardous Waste Mgmt 10,000 833 0 833 7,500 2,520 4,98053078 Liquid Waste Disposal 12,000 1,000 10,165 (9,165) 9,000 20,221 (11,221)

Total Grounds 23,100 2,008 10,165 (8,156) 17,408 23,396 (5,988)

Vehicles54010 Gasoline 10,000 429 474 (45) 6,002 6,010 (8)54011 Diesel Fuel 44,000 2,766 2,953 (186) 32,229 44,573 (12,344)54013 Vehicle / Equipment Tires 12,500 1,042 2,071 (1,029) 9,375 7,325 2,05054021 Vehicle Repair & Maintenance 1,500 125 0 125 1,125 523 60254022 Vehicle Communication Equip 2,000 167 0 167 1,500 60 1,44054030 General Equip Repair & Maint 57,500 4,792 25,733 (20,941) 43,125 52,930 (9,805)



85

Total AnnualBudget

This MonthBudget

This MonthActual

Var this MoTo Buget

Year to DateBudget

Year to DateActual


54031 Quality Control Testing Equip 15,000 1,250 179 1,071 11,250 2,336 8,91454040 Heavy Equipment Maint 120,000 12,923 12,287 637 71,795 76,613 (4,818)54070 Vehicle Shop Tools & Supplies 6,500 542 252 289 4,875 4,547 328

Total Vehicles 269,000 24,035 43,949 (19,914) 181,276 194,917 (13,641)

Total Material & Supplies 4,705,482 308,942 453,310 (144,368) 3,427,765 4,372,787 (945,021)

Office55010 Office Equipment Rental 2,350 196 50 146 1,762 829 93355012 Office Equipment Serv Agrmnt 432 0 0 0 432 360 7255013 Office Equipment Repairs 100 8 0 8 75 0 7555014 Computer System Supplies 4,500 375 0 375 3,375 6,110 (2,735)55015 Hardware/Software Maint 11,024 919 195 724 8,268 3,978 4,29055016 Computer Equipment 700 58 0 58 525 600 (75)55020 Office Furniture & Fixtures 2,000 167 0 167 1,500 0 1,50055030 Printed Forms / Letterhead 1,000 83 0 83 750 288 46255032 Printing Outside Services 300 25 0 25 225 0 22555041 Express Mail 250 21 0 21 187 (7) 19555060 Office Supplies 6,000 500 63 437 4,500 2,107 2,39355070 Payroll Services 20,000 1,984 1,611 373 15,126 13,888 1,238

Total Office 48,656 4,336 1,920 2,416 36,725 28,153 8,573

Administration66000 Dues & Subscriptions 16,300 0 545 (545) 15,964 15,030 93466010 AvPorts/MA Training & Travel 10,000 833 866 (33) 7,500 8,844 (1,344)66013 Function Refreshments 1,000 83 0 83 750 0 75066015 Incentives 43,000 4,096 5,210 (1,114) 30,684 30,028 65666031 Economic Development 1,000 83 0 83 750 0 75066060 Credit Card Service Charges 110,000 8,749 10,509 (1,759) 84,929 80,892 4,03766065 A/R Write Offs 0 0 0 0 0 17,393 (17,393)

Total Administration 181,300 13,845 17,130 (3,285) 140,577 152,188 (11,610)

Total Expenses 7,565,783 553,725 658,375 (104,650) 5,601,059 6,435,157 (834,099)

Total Exp & Non Cap Equip. 7,565,783 553,725 658,375 (104,650) 5,601,059 6,435,157 (834,099)



86

Variance




FBO MANAGEMENT - MILLION AIR:Commercial

Fuel Farm Technician 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 0.00Line Service Technician 9.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 -2.00Fuel Farm /Facility Manager 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00

General AviationLine Service Technician 15.00 18.00 17.00 15.00 15.00 15.00 16.00 16.00 15.00 15.00 0.00Facilities Maintenance 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Customer Service Representative 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 0.00

AdministrationGeneral Manager 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00LSM-GA Trainer 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00Operations Supervisors/PM 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00

Total Million Air Positions 35.00 36.00 35.00 33.00 33.00 33.00 34.00 34.00 33.00 33.00 0.00 0.00 0.00 -2.00

87

Year to Date Year to DateBudget Actual Variance

Personnel Services

Regular - Salaries 852,429$ 792,867$ 59,562$

Holiday Pay - - -

Other Dollars/Funeral/Jury/Retro 23,145 47,615 (24,470)

Shift Premium 3,181 4,013 (832)

Lead Pay 844 959 (115)

Sick Pay 16,263 15,554 709

Personal Pay 24,478 24,415 63

Vacation Pay 28,501 23,152 5,349

Sub Total 948,842 908,575 40,267

Overtime 108,314 160,523 (52,209)

Double Time Pay - - -

Total 1,057,156 1,069,098 (11,942)

Employee Benefits

Social Security & Medicare 80,210 79,529 681

Federal Unemployment Tax 2,924 1,550 1,374

NYS Unemployment 20,235 6,314 13,921

Workers Compensation - - -

401 (K) Plan Match 11,422 9,343 2,079

Health & Dental Insurance 365,177 282,578 82,599

Employee Benefits Deductions (38,284) (31,060) (7,224)

Disability/Life Insurance 2,477 (728) 3,205

Total 444,161 347,526 96,635

Total Salaries and Benefits 1,501,317$ 1,416,624$ 84,693$

Personnel Services & BenefitsFor the nine months ended September 30, 2018

Million Air

88

Commercial Aviation Performance Measurements


ActualNumber of accidents/incidents 0 5 1 0 4Number of airline delays counted against MA 3 14 14 0 23Into-plane gallons pumped 16,835,885 18,602,032 19,495,122 19,507,385 15,481,291Number of Audits performed by Airlines/ Quality Control- Employeee Training Records 24 25 28 5 24Number of non-compliance items reported in Airline Audits 3 10 9 4 4AvGas fuel sales commercial 173,843 152,586 109,593 115,627 71,618Deicing gallons pumped 123,604 128,320 157,039 157,311 139,769Workers' compensation cases 0 4 0 0 0Employees who have completed Safety Programs 17 20 55 15 45Quality control audits at the Fuel Farm (less the better) 12 13 25 5 13Completed monthly training programs 12 12 12 12 9Monthly survey of airlines 100% 100% 100% 100% 100%Overtime/Personnel Services (%) 12.0% 13.3% 14.3% 11.5% 13.6%

General Aviation Performance Measurements


ActualAvGas fuel sales (gallons) 70,438 69,156 62,710 63,088 40,597Jet A fuel sales (gallons) 967,345 1,031,066 996,302 995,134 885,839

Number of international flights 707 517 456 500 308N/A for

SeptemberGeneral Aviation Aircraft customer transactions 6,949 7,392 6,931 7,000 5,756Number of Aircraft Arrivals 3,949 7,349 7,260 7,000 6,063Number of Aircraft fueled 5,901 5,958 6,307 6,500 4,511Number of ramp fees collected 1,661 2,102 1,743 1,500 1,585Number of landing fees collected 3,811 4,147 3,637 3,500 2,851Employees who completed the NATA Safety 1st Program 12 20 9 20 5Employees who completed all Safety Programs 20 15 54 14 48Property Accidents 2 5 0 0 2Quarterly reports from monthly safety meetings 100% 100% 100% 100% 100%Number of top 20 customers surveys completed 25 44 15 24 0Overtime/Personnel Services (%) 11.1% 16.4% 17.6% 13.8% 20.1%

Million Air's Administrative Performance Measurements


ActualMillion Air's total full time employment equivalents 35 33 36 35.0 33.0Total Million Air overtime 9.7% 13.0% 13.9% 11.0% 15.0%Number of marketing events attended 2 1 2 4 2Number of based tennants 14 15 18 15 16Employee turnover annum 25% 30% 16% 10% 21%Workers' compensation cases 0 2 3 0 1Number of customers gained (prior year comparison) 7% 6% -6% 1% 11%Overtime/Personnel Services (%) 0.6% 0.0% 0.0% 0.0% 0.0%

Albany International Airport2018 FBO Performance Measurements


89


AuthorityOperations

90



EXPENSES BY CATEGORY

Personal Services 1,955,557$ 1,466,668$ 1,475,313$ ( 8,645 )$ -0.59% 1,423,282$ -3.66%

Employee Benefits 1,349,847 1,017,407 998,475 18,932 1.86% 911,016 -9.60%

Utilities & Communications 81,592 61,870 62,930 (1,060) -1.71% 61,370 -2.54%

Purchased Services

Accounting & Auditing 61,000 41,418 49,427 (8,010) -19.34% 51,030 3.14%

Insurance 304,375 304,375 339,622 (35,247) -11.58% 303,107 -12.05%

Legal Services 50,000 37,500 79,118 (41,618) -110.98% 9,459 -736.39%

Janitorial 22,000 16,500 12,602 3,898 23.62% 14,373 12.32%

Public Communications 264,954 195,354 150,881 44,474 22.77% 133,145 -13.32%

Special Studies 35,000 26,250 38,330 (12,080) -46.02% 39,748 3.57%

Professional Services 101,160 75,870 69,026 6,844 9.02% 58,285 -18.43%

Total Purchased Services 838,489 697,267 739,006 (41,739) -5.99% 609,147 -21.32%

Material & Supplies

Buildings 28,263 21,197 13,807 7,390 34.86% 36,006 61.65%

Grounds 100 100 162 (62) -61.96% 50 -224.05%

Total Material & Supplies 28,363 21,297 13,969 7,328 34.41% 36,056 61.26%

Office 207,896 158,582 164,130 (5,548) -3.50% 146,572 -11.98%

Administration 142,205 114,400 87,999 26,401 23.08% 90,741 3.02%

Total Expenses 4,603,949$ 3,537,491$ 3,541,822$ ( 4,331 )$ -0.12% 3,278,184$ -8.04%

September 2018

Albany County Airport AuthorityExpense Summary

91

Total AnnualBudget

This MonthBudget

This MonthActual

Var this MoTo Buget

Year to DateBudget

Year to DateActual


EXPENSES

Personal Services11000 Salaries $1,955,557 $162,963 $156,035 $6,928 $1,466,668 $1,470,046 ($3,378)13000 Temporary Help 0 0 0 0 0 5,267 (5,267)

Total Personal Services 1,955,557 162,963 156,035 6,928 1,466,668 1,475,313 (8,645)

Employee Benefits21000 Social Security 141,084 11,213 10,993 220 109,706 108,005 1,70022000 Health Insurance 558,102 46,509 42,716 3,793 418,577 399,750 18,82622105 OPEB 300,000 25,000 25,000 0 225,000 225,000 022200 Health-Dental 41,536 3,461 3,529 (68) 31,152 34,601 (3,449)22300 Health-Vision 6,531 544 516 28 4,898 4,131 76723000 Health - AFLAC 7,560 630 619 11 5,670 5,571 9924010 EAP Program 969 0 0 0 791 791 024015 Smoking Cessation Class 1,200 100 0 100 900 0 90026010 Disability Insurance 644 54 304 (250) 483 13 47026020 Unemployment Insurance 4,818 49 12 38 4,678 3,242 1,43626030 Workers Compensation 6,974 581 680 (98) 5,231 7,049 (1,818)29000 NYS Retirement 280,429 23,369 23,369 0 210,322 210,322 0

Total Employee Benefits 1,349,847 111,510 107,738 3,773 1,017,407 998,475 18,932

Utilities & Communications31000 Electric 25,000 1,873 1,577 296 19,005 18,545 46033000 Natural Gas 5,000 39 40 0 4,171 4,106 6636010 Telephone Charges-Local 5,500 458 85 373 4,125 3,481 64436011 Tele Chg-Long Dist 1,500 125 105 20 1,125 863 26236015 Telephones-Monthly Service 15,000 1,250 0 1,250 11,250 9,750 1,50036016 Telephones-Monthly Usage 2,000 167 55 112 1,500 936 56436020 Telephone Repairs 10,085 840 13 827 7,564 13,298 (5,734)36030 Telephone-Cellular 0 0 305 (305) 0 344 (344)36032 Internet Access 17,236 1,436 0 1,436 12,927 11,404 1,52336060 Cable Television 271 23 13 9 203 203 0

Total Utilities & Communications 81,592 6,212 2,193 4,019 61,870 62,930 (1,060)

PURCHASED SERVICES

Accounting & Auditing41010 Financial Services 55,000 1,169 0 1,169 35,418 43,427 (8,010)41020 Rates & Charges 6,000 0 0 0 6,000 6,000 0

Total Accounting & Auditing 61,000 1,169 0 1,169 41,418 49,427 (8,010)

Insurance42010 Airport Liability Insurance 193,675 0 0 0 193,675 227,168 (33,493)42041 Environmental Liability 38,740 0 0 0 38,740 38,705 3542060 Property Insurance 1,870 155 166 (11) 1,870 2,027 (157)42065 Crime Insurance 2,397 0 0 0 2,397 4,116 (1,719)42090 Fiduciary Insurance 1,268 1,268 1,690 (422) 1,268 1,690 (422)42070 Public Official Liability 24,519 0 0 0 24,519 24,519 042080 Cyber Liability 11,906 0 0 0 11,906 11,397 50942093 Agency Fee 30,000 0 0 0 30,000 30,000 0

Total Insurance 304,375 1,423 1,856 (433) 304,375 339,622 (35,247)

ALBANY COUNTY AIRPORT AUTHORITYACAA


92

Total AnnualBudget

This MonthBudget

This MonthActual

Var this MoTo Buget

Year to DateBudget

Year to DateActual


Legal43000 Legal Services 50,000 4,167 15,097 (10,930) 37,500 79,118 (41,618)

Total Legal 50,000 4,167 15,097 (10,930) 37,500 79,118 (41,618)

Janitorial45000 Janitorial Services 22,000 1,833 1,400 433 16,500 12,602 3,898

Total Janitorial 22,000 1,833 1,400 433 16,500 12,602 3,898

Public Communications46010 Public Relations 85,389 7,116 7,320 (205) 64,042 58,403 5,63946015 Advertising 179,565 11,723 11,080 643 131,313 92,478 38,835

Total Public Communications 264,954 18,839 18,400 439 195,354 150,881 44,474

Studies47000 Special Studies 35,000 2,917 10,198 (7,281) 26,250 38,330 (12,080)

Total Studies 35,000 2,917 10,198 (7,281) 26,250 38,330 (12,080)

Professional Services49005 Appraisal 5,000 417 0 417 3,750 0 3,75049010 Architectural 30,000 2,500 0 2,500 22,500 0 22,50049015 Consultant 18,000 1,500 6,156 (4,656) 13,500 35,156 (21,656)49020 Engineering Services 3,000 250 0 250 2,250 0 2,25049060 Code Enforcement 45,160 3,763 3,763 0 33,870 33,870 0

Total Professional Services 101,160 8,430 9,920 (1,490) 75,870 69,026 6,844

Total Purchased Services 838,489 38,778 56,871 (18,093) 697,267 739,006 (41,739)


Buildings52010 Alarm & PA Systems 3,000 250 0 250 2,250 530 1,72052031 Electrical Repairs & Supplies 5,000 417 357 60 3,750 6,166 (2,416)52032 Elevator Repairs & Supplies 3,000 250 0 250 2,250 68 2,18252033 HVAC 1,500 125 0 125 1,125 0 1,12552034 Roof 500 42 0 42 375 0 37552035 Plumbing Repairs & Supplies 1,500 125 374 (249) 1,125 539 58652036 Automatic Door Repairs 500 42 0 42 375 0 37552037 Pest Control 1,500 125 0 125 1,125 750 37552059 Storage Space Rental 7,500 625 1,147 (522) 5,625 4,383 1,24252060 Building Maintenance 3,000 250 32 218 2,250 1,371 87952063 Window Washing 1,263 105 0 105 947 0 947

Total Buildings 28,263 2,355 1,909 446 21,197 13,807 7,390

Grounds53010 Landscaping 100 0 0 0 100 162 (62)

Total Grounds 100 0 0 0 100 162 (62)

Total Material & Supplies 28,363 2,355 1,909 446 21,297 13,969 7,328

Office55010 Office Equipment Rental 8,000 667 1,160 (493) 6,000 6,264 (264)55011 Copy Machine Use 500 42 0 42 375 0 37555012 Office Equipment Serv Agrmnt 3,561 297 275 22 2,671 2,569 101



93

Total AnnualBudget

This MonthBudget

This MonthActual

Var this MoTo Buget

Year to DateBudget

Year to DateActual


55013 Office Equipment Repairs 500 42 0 42 375 0 37555014 Computer System Supplies 25,100 2,092 628 1,463 18,825 7,891 10,93455015 Hardware/Software Maint 99,835 8,857 8,324 534 77,150 96,536 (19,386)55016 Computer Equipment 8,400 700 13,223 (12,523) 6,300 18,169 (11,869)55020 Office Furniture & Fixtures 10,000 833 1,212 (378) 7,500 2,346 5,15455030 Printed Forms / Letterhead 1,000 83 0 83 750 367 38355032 Printing Outside Services 20,000 1,667 555 1,112 15,000 9,795 5,20555040 Postage 8,500 394 (416) 810 6,410 6,448 (38)55041 Express Mail 500 42 99 (58) 375 651 (276)55050 Reference Materials 1,000 83 0 83 750 0 75055060 Office Supplies 15,000 1,250 1,307 (57) 11,250 9,144 2,10655070 Payroll Services 6,000 402 237 165 4,851 3,949 902

Total Office 207,896 17,450 26,603 (9,153) 158,582 164,130 (5,548)

Administration66000 Dues & Subscriptions 21,000 578 457 122 16,128 9,979 6,14966001 Airport Membership (ACI) 14,000 0 0 0 14,000 13,906 9466002 A.A.A.E. Memberships 550 0 0 0 550 550 066003 G.F.O.A. 800 0 0 0 800 0 80066005 NYS Bar Association 670 0 275 (275) 340 275 6566006 NY Airport Managers Assoc 8,000 0 0 0 8,000 5,000 3,00066007 Local Chamber Of Commerce 6,000 141 0 141 5,568 5,983 (414)66008 Center For Economic Growth 2,500 0 0 0 2,500 3,000 (500)66011 Authority Travel & Education 500 42 0 42 375 0 37566012 Authority Mgmt Travel & Educ 20,000 1,667 5,550 (3,883) 15,000 19,477 (4,477)66013 Function Refreshments 20,000 1,667 622 1,045 15,000 8,593 6,40766014 Outside Functions 5,000 417 0 417 3,750 0 3,75066030 Advertising - Public Meetings 14,000 1,167 967 200 10,500 14,081 (3,581)66031 Economic Development 1,000 83 0 83 750 0 75066060 Credit Card Service Charges 5,000 417 302 115 3,750 2,049 1,70166062 Bank & Paying Agent Fees 10,000 833 0 833 7,500 5,000 2,50066065 A/R Write Offs 0 0 0 0 0 106 (106)66095 County Indirect Expenses 13,185 1,099 0 1,099 9,889 0 9,889

Total Administration 142,205 8,110 8,172 (62) 114,400 87,999 26,401

Total Expenses 4,603,949 347,378 359,520 (12,143) 3,537,492 3,541,823 (4,331)

Total Exp & Non Cap Equip. 4,603,949 347,378 359,520 (12,143) 3,537,492 3,541,823 (4,331)



94

2018 2018 2018 2017 2017 2017 2016 2015Gross Direct Operating Gross Direct Operating Operating Operating

YTD Revenues Revenues Expenses Results Revenues Expenses Results Results Results Museums $94,190 $53,534 $40,657 $124,348 $72,593 $51,755 $41,228 $50,309 Direct Purchase 73,745 27,045 46,700 66,869 26,544 40,325 32,947 34,118 Salaries 0 94,811 (94,811) 0 96,577 (96,577) (87,684) (87,442) Misc Rev/Exp (*) 505 3,910 (3,405) 739 5,860 (5,122) (2,736) (12,864)Total $168,440 $179,300 ($10,860) $191,955 $201,574 ($9,619) ($16,245) ($15,879)

(*) Supplies, shipping, parking discounts, credit card expenses

2018 2018 2018 2017 2017 2017 2016 2015Gross Direct Operating Gross Direct Operating Operating Operating

Revenues Expenses Results Revenues Expenses Results Results ResultsJanuary 14,604$ 14,713$ (109)$ 13,024$ 15,870$ (2,845)$ (4,146)$ (1,707)$ February 14,215 16,419 (2,204) 16,045 18,945 (2,900) (4,010) (6,269) March 15,175 21,595 (6,420) 16,639 21,843 (5,204) (3,459) (1,966) April 18,944 17,859 1,085 20,962 21,731 (769) (3,193) (4,194) May 22,284 24,897 (2,613) 21,994 23,314 (1,320) 1,929 (249) June 19,899 22,354 (2,455) 25,923 24,321 1,602 (1,923) 1,463 July 22,297 19,108 3,188 25,297 23,975 1,322 154 (2,415) August 21,174 22,218 (1,044) 28,221 25,863 2,359 (1,491) 2,934 September 19,849 20,137 (288) 23,849 25,712 (1,863) (107) (3,477) October 28,845 25,667 3,178 3,092 2,335 November 26,306 25,213 1,093 2,089 (2,194) December 32,058 40,368 (8,310) (11,250) 3,583 Total $168,440 179,300$ ($10,860) 279,165$ 292,823$ ($13,658) ($22,315) ($12,155)

YTD 168,440$ 179,300$ (10,860)$ 191,955$ 201,574$ (9,619)$ (16,245)$ (15,879)$

$(12,000)

$(10,000)

$(8,000)

$(6,000)

$(4,000)

$(2,000)

$-

$2,000

$4,000

$6,000


Rev

enue

Departure Operating Results

2018 2017 2016 2015

Albany International AirportDeparture Revenue and Expenses

2015 - 2018

95

7 -,

I l n 1. I I rl -{ ~ - ll____= I- ~ I 11 I 11 J -

■ ■

- -

-

-

-

■ □ □ □

Total2018 This Month Year to Date

Budget Budget Actual Budget Actual VarianceRevenue

Museum Shop $173,437 14,901.89 $11,081 $120,748 $94,190 ($26,558)Direct Buy 96,615 8,661 8,678 64,904 73,745 8,841Shipping 1,069 101 90 668 719 51Layaway 0 0 0 0 0 0Miscellaneous 0 0 0 0 0 0Over/(Short) 0 0 (0) 0 (328) (328)Gift Cert. Redeemed/(Sold) 0 0 0 0 114 114

Total Revenues $271,122 $23,664 $19,849 $186,321 $168,440 ($17,880)

ExpensesSalaries and Benefits

Salaries $90,647 $9,715 $7,182 $71,584 $71,848 -$264Benefits 33,610 2,529 2,351 22,631 22,963 (332)

Total Salaries and Benefits 124,257 12,244 9,533 94,216 94,811 (596)Museum Shop 100,654 8,492 6,271 70,722 53,534 17,188Direct Buy 40,523 4,001 3,972 25,582 27,045 (1,463)Shipping 669 90 77 441 430 11Parking 465 33 35 361 359 2Telephone 176 17 11 135 114 21Travel/Membership/Donations 396 0 0 396 267 128Equipment/Repairs/Loss/Supplies 5,120 91 239 4,348 2,740 1,607Credit Card Fees 8,883 0 0 0 0 0

Total Expenses $281,144 $24,968 $20,137 $196,199 $179,300 $16,899

Net Revenues ($10,022) ($1,304) ($288) ($9,878) ($10,860) ($982)

Albany International AirportDeparture Operating Summary


96

Variance




AUTHORITYAdministration 23.00 22.00 22.00 22.00 22.00 22.00 22.00 22.00 22.00 22.00 -1.00

Total Authority Positions 23.00 22.00 22.00 22.00 22.00 22.00 22.00 22.00 22.00 22.00 0.00 0.00 0.00 -1.00

Total Airport Positions 231.00 218.25 216.75 211.75 212.75 212.25 215.25 215.50 213.75 210.75 0.00 0.00 0.00 -20.25

97

ACAA Performance Measurements

2014 Final 2015 Final 2016 Final 2017 Final2018

Budget2018 YTD

ActualACAA's total full time employment equivalents 24 22 22 22 23 22Community meetings 61 63 70 62 50 62Aviation conferences/meetings 23 36 29 30 30 37Open Accounts Receivable/Total Operating Revenues 4.6% 4.2% 4.2% 4.3% 3.0% 4.3%Open Accounts Payable/Total Operating Expenses 1.8% 1.7% 1.9% 1.8% 1.6% 1.8%SPDES Permit yes yes yes yes yes yesFAA: Part 139 Operation Compliance yes yes yes yes yes yes Part 77 Airspace Compliance yes yes yes yes yes yes Part 150 Noise Program yes yes yes yes yes yes Part 121 Air Cargo Carriers yes yes yes yes yes yesUpdate maps & charts of Airport yes yes yes yes yes yesLandside building rent increase/(decrease) from previous year -2% 9% 8% 2% 0% 1%T Hangar rent increase/(decrease) from previous year 7% -6% -3% 1% 3% 5%Tie Down rent increase/(decrease) from previous year -51% -6% -6% 26% 0% 2%Landside land rent increase/(decrease) from previous year -2% -1% 4% 14% 2% 3%DBE Participation for construction/engineer contractors 9% 9% 9% 9% 7% 7%MWBE Participation for construction/engineer contractors 39% 30% 30% 30% 20% 30%Minority Representation in the Workforce-Concessions

HMS Host 17% 24% 28% 29% 30% 37%N/A for Sept

McDonalds 48% 32% 44% 53% 49% 57%N/A for Sept

Villa Fresh Italian Kitchen/Green Leafs 48% 57% 53% 54% 55% 64%N/A for Sept

Paradies 24% 29% 37% 43% 38% 50%N/A for Sept

Dunkin Donuts 53% 52% 33% 44% 42% 52%N/A for Sept

OHM (New concessionaire as of March 2018) N/A N/A N/A N/A N/A 20%N/A for Sept

Terminal Survey Results (avgerage, 5 being the highest) N/A N/A N/A N/A N/A 4.51N/A for Sept

Ambassador Program-hours volunteered 16,647 15,428 15,879 15,827 16,000 10,077N/A for Sept

Ambassador assistance - landside 49,516 51,313 66,111 120,038 100,000 15,010N/A for Sept

Ambassador assistance - airside 21,301 24,461 31,768 29,670 30,000 19,262N/A for Sept

Canine assistance-landside (new for 2015) N/A 23,016 45,294 93,060 100,000 56,074N/A for Sept

Canine assistance-airside (new for 2015) N/A 5,427 6,442 7,024 8,000 2,989N/A for Sept

Concession revenue increase from previous year 10.4% 4.1% 3.7% 7.0% 3.9% 1.6%Business Center Visitors (new for 2017) N/A 1124 1278 2670 1,800 2393 N/A for

Community tours 29 35 33 44 40 22N/A for Sept

Albany International Airport2018 ACAA Performance Measurements


98


InvestmentReport

99

DATES

INV. MAT. SECURITY AMOUNT INTEREST RATE

1999 EFC RESERVE FUND - M&T

1/1/2018 4/15/2018 SLGS 277,389$ * 2,480$ 3.093%

4/15/2018 10/15/2018 SLGS 277,389 4,290 3.093%

10/15/2018 12/31/2018 SLGS 277,389 * 1,810 3.093%277,389$ 8,579$

2010 DEBT SERVICE RESERVE

7/31/2018 12/31/2018 SLGS 9,512,000$ 84,529$ 2.120%

2017A DEBT SERVICE RESERVE

7/31/2018 12/31/2018 SLGS 704,000$ 6,256$ 2.120%

2017B DEBT SERVICE RESERVE

7/31/2018 12/31/2018 SLGS 556,000$ 4,941$ 2.120%

* (2018 Interest Only)


INVESTMENT REPORT

SEPTEMBER 30, 2018

100

AGENDA ITEM NO. 5.2

COMPARISON OF ENPLANEMENTS

Comparison of Enplanements 2017 - 2018

Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 TOTAL

Albany International Airport (ALB)Current Year 127,281 115,758 107,862 104,011 102,852 126,052 122,342 126,345 125,618 137,983 139,520 113,139 1,448,763

Prior Year 123,374 115,220 108,206 106,168 102,255 119,677 119,423 120,665 120,316 131,916 135,306 111,208 1,413,734

% of Change 3.17% 0.47% -0.32% -2.03% 0.58% 5.33% 2.44% 4.71% 4.41% 4.60% 3.11% 1.74% 2.48%

Bradley International Airport (BDL)Current Year 287,873 272,638 264,878 237,215 235,417 269,481 288,239 284,122 284,975 315,261 312,711 N/A 3,052,810

Prior Year 272,516 262,824 253,565 232,834 222,512 261,870 274,438 282,732 283,061 295,649 296,002 N/A 2,938,003

% of Change 5.64% 3.73% 4.46% 1.88% 5.80% 2.91% 5.03% 0.49% 0.68% 6.63% 5.64% N/A 3.91%

Buffalo Niagara International Airport (BUF)Current Year 196,194 189,261 180,112 162,717 158,607 212,421 213,631 237,279 232,716 246,058 244,123 N/A 2,273,119

Prior Year 208,383 178,324 171,337 155,851 155,735 191,121 202,696 208,707 204,662 224,446 226,490 N/A 2,127,752

% of Change -5.85% 6.13% 5.12% 4.41% 1.84% 11.14% 5.39% 13.69% 13.71% 9.63% 7.79% N/A 6.83%

Greater Rochester International Airport (ROC)Current Year 109,805 104,404 99,445 89,012 91,671 107,777 108,161 117,556 112,539 121,371 115,854 N/A 1,177,595

Prior Year 106,869 99,797 90,780 86,177 84,398 96,622 101,950 106,604 104,204 111,621 111,901 N/A 1,100,923

% of Change 2.75% 4.62% 9.55% 3.29% 8.62% 11.54% 6.09% 10.27% 8.00% 8.73% 3.53% N/A 6.96%

Plattsburgh International Airport (PBG)Current Year 6,903 7,568 10,783 9,945 13,711 17,305 12,352 6,803 5,832 9,943 9,432 5,020 115,597

Prior Year 8,269 9,757 15,239 12,640 17,530 19,076 16,904 9,262 9,134 13,276 12,255 3,988 147,330% of Change -16.52% -22.44% -29.24% -21.32% -21.79% -9.28% -26.93% -26.55% -36.15% -25.11% -23.04% 25.88% -21.54%

Stewart International Airport (SWF)Current Year 25,849 22,562 23,242 21,466 19,631 23,893 25,249 30,417 32,325 34,999 38,163 N/A 297,795

Prior Year 10,368 10,995 11,849 10,959 11,683 11,683 12,746 15,054 15,054 27,854 28,311 N/A 166,555

% of Change 149.32% 105.21% 96.15% 95.88% 68.03% 104.51% 98.09% 102.05% 114.72% 25.65% 34.80% N/A 78.80%

Syracuse International Airport (SYR)Current Year 98,274 89,892 85,481 75,835 81,317 91,908 97,947 95,863 93,440 110,919 109,613 94,907 1,125,396

Prior Year 93,602 84,150 77,213 74,721 73,127 85,175 83,486 90,416 85,789 92,969 95,736 83,242 1,019,626

% of Change 4.99% 6.82% 10.71% 1.49% 11.20% 7.90% 17.32% 6.02% 8.92% 19.31% 14.50% 14.01% 10.37%

Westchester County Airport (HPN)

Current Year 67,530 61,476 62,600 57,087 56,060 62,078 64,854 63,429 63,828 70,569 73,990 58,935 762,436

Prior Year 63,926 62,335 59,070 58,177 54,707 63,943 58,769 64,043 62,919 67,836 66,218 54,319 736,262

% of Change 5.64% -1.38% 5.98% -1.87% 2.47% -2.92% 10.35% -0.96% 1.44% 4.03% 11.74% 8.50% 3.55%

N/A - Not Available

AGENDA ITEM NO. 5.3

SUMMARY AIRLINES SCHEDULED

FLIGHTS AND MARKETS

AS OF DATES 1/17/18 2/14/18 3/14/18 4/18/18 5/16/18 6/13/18 7/18/18 8/15/18 9/12/18 10/17/18 11/14/18 12/ /18

DAILY DEPARTURESAmerican Airlines 2 2 2 2 3 3 3 3 3 3 3American Eagle/Envoy 2 2 2 2 2 2 2 2 2 3 3American Eagle/Piedmont 3 3 1 4 4 3 3 3 5 5 5American Eagle/PSA 6 6 5 1 1 1 4 2 4 4 5American Eagle/Republic 2 2 4 4 5 3 2 2American Eagle/Trans States 1 3 1 3Delta Air Lines 4 3 4 4 4 4 4 4 4 4 4Delta Connection/Endeavor 1 1 3 1Delta Connection/GoJet 2 3 3 1 2 1Delta Connection/SkyWest 2 2 3 4 4 2 1 1 3jetBlue Airways 2 2 2 2 3 2 2 2 2 2 2OneJet 2 4 3 2 3 3 2 2Southwest Airlines 12 13 15 13 13 12 12 11 10 12 11United Airlines 2 2 4 4 4 3 4 1United Express/Air Wisconsin 2 2 1 1 1 1United Express/Commutair 5 5 8 8 5 6 6 6 7 7 8United Express/Expressjet 2 2 1 1 2United Express/GoJet 1United Express/Mesa 1 1 1United Express/Republic 1United Express/SkyWest 1 1 2 2 1United Express/Transtates 2 2 1 1 1 1

45 47 55 52 54 52 52 50 48 50 50 0

Boutique Air 2 2 2 2 2 2Cape Air 6 6 6 6 6 6 6 6 6 6 6

8 8 8 8 8 8 6 6 6 6 6 0TOTAL DAILY FLIGHTS 53 55 63 60 62 60 58 56 54 56 56 0

MAXIMUM SEATS AVAILABLE 133,025 123,950 154,243 147,265 155,012 152,309 154,730 154,351 138,536 153,820 141,065Enplanements 104,011 102,852 126,052 122,342 126,345 125,618 137,983 139,520 113,139

YTD Load Factor 84% 78% 83% 82% 83% 82% 82% 89% 90% 82% 0% 0% #DIV/0!

DIRECT FLIGHT MARKETSAtlanta 3 2 3 3 3 3 3 3 3 3 3Baltimore 5 5 5 6 6 6 6 6 6 6 4Buffalo 2 2 2 2 2 2 2Charlotte 3 3 3 2 3 3 3 3 3 3 3Chicago Midway 2 2 2 2 2 2 2 2 2 2 2Chicago O'Hare 5 5 6 6 7 6 6 6 6 8 8Denver 1 1 1 1 1 1 1 1 1 1 1Detroit 3 3 4 4 4 4 4 4 4 4 4Fort Lauderdale/Hollywood 2 2 2 2 2 2 2 1 1 1 2Fort Myers 1Las Vegas 1Minneapolis 1 1 1 1 1 1 1 1 1New York-Newark 5 5 5 5 5 5 5 5 5 5 5Orlando 3 4 4 3 3 2 2 2 2 2 3Philadelphia 5 5 5 6 6 6 6 6 5 5 6Pittsburgh 2 2 1 1 1 1Tampa 1 1 2 1 1 1 1 1 1 1Washington Dulles 2 2 3 3 3 3 3 3 3 3 3Washington National 5 5 4 4 4 4 4 4 4 4 4

45 47 55 52 54 52 52 50 48 50 50 0

Boston 3 3 3 3 3 3 3 3 3 3 3Massena 2 2 2 2 2 2Ogdensburg 3 3 3 3 3 3 3 3 3 3 3

8 8 8 8 8 8 6 6 6 6 6 0TOTAL MARKETS 53 55 63 60 62 60 58 56 54 56 56 0

AIRCRAFT TYPEJets 20 20 23 23 25 25 25 24 22 25 21 0RJ's 25 27 32 29 29 27 27 26 26 25 29 0Commuters 8 8 8 8 8 8 6 6 6 6 6 0

53 55 63 60 62 60 58 56 54 56 56 0

** Effective 4/5/18, Elite Airways has 2 flights a week direct to Myrtle Beach, SC (ceased operations 9/30/18) ** Effective 9/17/18, Frontier Airlines has 3 flights a week direct to Denver, CO** Effective 10/2/18, Frontier Airlines has 3 flights a week direct to Orlando, FL** Effective 11/21/18, Frontier Airlines has 2 flights a week direct to Fort Myers, FL

ALBANY COUNTY AIRPORT AUTHORITYSUMMARY AIRLINE SCHEDULED FLIGHTS AND MARKETS

Inc/(Dec) Daily SeatDestination This Month Last Month in Flights Changes

JET SERVICE

AMERICAN EAGLEPSA Philadelphia 1 0 1 50

DELTA AIR LINES Atlanta - Equipment Change 3 3 0 18

DELTA CONNECTIONEndeavor Detroit Wayne County 0 1 -1 -76

GoJet Detroit Wayne County 1 2 -1 -69

SkyWest Detroit Wayne County 2 0 2 138

SOUTHWEST Baltimore - Equipment change 4 6 -2 -318Chicago Midway - Equipment change 2 2 0 37Fort Lauderdate/Hollywood 1 0 1 143Las Vegas McCarren 0 1 -1 -175Orlando 2 1 1 175

UNITED Chicago O'Hare 1 4 -3 -390

UNITED EXPRESSCommutair New York Newark 5 4 1 50

Expressjet Chicago O'Hare 2 0 2 100New York Newark 0 1 -1 -50

GoJet Chicago O'Hare 0 1 -1 -70

SkyWest Chicago O'Hare 1 0 1 70

Transtates Chicago O'Hare 1 0 1 50

TOTAL 0 -317

RECAP OF CHANGES BY MARKET

Atlanta Delta 18Baltimore Southwest -318Chicago Midway Southwest 37Chicago O'Hare United -240Detroit Wayne County Delta -7Fort Lauderdale/Hollywood Southwest 143Las Vegas McCarren Southwest -175Orlando Southwest 175Philadelphia American 50

TOTAL -317

ALBANY INTERNATIONAL AIRPORTDAILY DEPARTURES

CHANGES TO BE IMPLEMENTED BY NOVEMBER 14, 2018

# of Flights

AS OF DATES 1/17/17 2/08/17 3/15/17 4/05/17 5/17/17 6/07/17 7/12/17 8/16/17 9/13/17 10/18/17 11/15/17 12/13/17

DAILY DEPARTURESAmerican Airlines 3 3 3 3 3 3 3 3 3 3 3 3American Eagle/Air Wisconsin 2 4 1 1 2 2 3 3 2 3 4 7American Eagle/Envoy 2 2 2 2 2 2 2 2 2 2 2 2American Eagle/Piedmont 1 1 4 3 3 5 4 4 5 4 4 2American Eagle/PSA 4 3 3 3 2 2 2 2 2 3 3 2American Eagle/Republic 1 1 3 1 1 1 1American Eagle/Trans States 1 1Delta Air Lines 3 3 5 4 4 4 5 5 5 5 5 4Delta Connection/Endeavor 3 1 2 1 4 4 2Delta Connection/Expressjet 1Delta Connection/GoJet 1Delta Connection/SkyWest 1 3 1 2 1 3 3 2 3 3jetBlue Airways 2 2 2 2 2 2 2 2 2 2 2 2OneJet 2 2 2 2 2 2Southwest Airlines 13 13 15 15 13 12 12 12 11 11 12 11United Airlines 2 2 2 2 2 2 3 3 2 2United Express/Commutair 1 1 2 2 2 2 3 2 2 3 6 6United Express/Expressjet 1United Express/GoJet 1 1 1 1 2 2 2United Express/Mesa 1 1 1 1United Express/SkyWest 1 1 1 1 2 3United Express/Transtates 1 1

40 40 44 44 44 43 46 46 45 46 50 47

American Eagle/Piedmont 1 1 1 1 1 1 1 1 1Boutique Air 2 2 2 2 2 2 2 2Cape Air 9 9 9 9 6 6 6 6 6 6 6 6United Express/Commutair 5 5 5 5 6 6 5 5 5 4 2 2

15 15 15 15 15 15 14 14 14 12 10 10TOTAL DAILY FLIGHTS 55 55 59 59 59 58 60 60 59 58 60 57

MAXIMUM SEATS AVAILABLE 138,734 126,976 152,387 146,915 148,743 143,994 148,373 150,942 138,615 140,733 133,862 134,720Enplanements 106,168 102,255 119,677 119,423 120,665 120,316 131,916 135,306 111,208 127,281 115,758 107,862

YTD Load Factor 83% 77% 81% 79% 81% 81% 84% 89% 90% 80% 90% 86% 80%

DIRECT FLIGHT MARKETSAtlanta 3 3 3 3 3 3 3 3 3 3 3 3Baltimore 5 5 5 5 6 6 6 6 6 6 5 4Charlotte 3 3 3 3 3 3 3 3 3 3 3 3Chicago Midway 2 2 2 2 2 2 2 2 2 2 2 2Chicago O'Hare 5 5 5 5 6 6 6 6 6 6 6 5Denver 1 1 1 1 1 1 1 1Detroit 4 4 4 4 4 4 4 4 4 4 4 4Fort Lauderdale/Hollywood 2 2 2 2 2 2 2 1 1 1 2 2Fort Myers 1 1Las Vegas 1 1 1 1Minneapolis 1 1 1 1 1 1 1 1 1New York-Newark 1 1 1 1 1 1 1 1 1 2 5 5Orlando 4 4 4 4 3 2 2 3 2 2 3 3Philadelphia 4 4 5 5 5 5 5 5 5 5 6 6Pittsburgh 2 2 2 2 2 2Tampa 1 1 2 2 1 1 1 1 1 1 1 1Washington Dulles 1 1 1 1 1 1 2 2 2 2 1 1Washington National 4 4 4 4 5 5 5 5 5 5 5 5

40 40 44 44 44 43 46 46 45 46 50 47

Boston 3 3 3 3 3 3 3 3 3 3 3 3Massena 3 3 3 3 2 2 2 2 2 2 2 2New York-Newark 4 4 4 4 4 4 4 4 4 3Ogdensburg 3 3 3 3 3 3 3 3 3 3 3 3Philadelphia 1 1 1 1 1 1 1 1 1Washington Dulles 1 1 1 1 2 2 1 1 1 1 2 2

15 15 15 15 15 15 14 14 14 12 10 10TOTAL MARKETS 55 55 59 59 59 58 60 60 59 58 60 57

AIRCRAFT TYPEJets 23 23 27 26 24 23 25 25 23 23 22 20RJ's 17 17 17 18 20 20 21 21 22 23 28 27Commuters 15 15 15 15 15 15 14 14 14 12 10 10

55 55 59 59 59 58 60 60 59 58 60 57

ALBANY COUNTY AIRPORT AUTHORITYSUMMARY AIRLINE SCHEDULED FLIGHTS AND MARKETS

TIME Arr Dep On Ground Arr Dep Arr Dep Arr Dep Arr Dep Arr Dep Arr Dep Arrivals Departures

05:00 - 05:59 4 14 1 1 1 1 344 06:00 - 06:59 6 8 2 2 2 620 07:00 - 07:59 1 6 3 1 3 1 2 143 709 08:00 - 08:59 1 1 3 1 1 9 50 09:00 - 09:59 4 6 1 1 1 1 2 2 1 1 1 219 371 10:00 - 10:59 3 1 3 1 1 1 1 234 50 11:00 - 11:59 4 3 4 1 2 1 1 2 390 327 12:00 - 12:59 4 6 2 1 1 2 3 1 2 312 509 13:00 - 13:59 1 2 1 1 1 1 50 100 14:00 - 14:59 5 5 1 2 2 1 1 1 1 1 1 268 268 15:00 - 15:59 3 1 3 1 1 1 1 293 50 16:00 - 16:59 3 3 3 1 1 1 1 1 1 343 380 17:00 - 17:59 6 4 5 2 1 1 2 2 1 1 431 382 18:00 - 18:59 2 6 1 2 1 1 1 1 1 1 303 471 19:00 - 19:59 2 2 1 2 1 1 100 178 20:00 - 20:59 2 3 1 1 100 21:00 - 21:59 1 4 1 150 22:00 - 22:59 5 9 1 2 1 1 565 23:00 - 23:59 5 14 1 1 2 1 388 00:00 - 00:59 4 18 1 3 511 01:00 - 01:59 18

56 56 6 13 16 2 8 11 4,809 4,809

Overnights Gates 15 6 4 3 2

Remote 3 3Total 18

Times First DepartureLast Departure

Last Arrival

17:42 0:09 23:37

16:50 18:10 18:50

23:58 0:5016:05

18:08 19:50 19:09

Southwest DAILY SEATS

9:02 5:50 5:23 14:55 5:50 5:30

Delta &TOTAL FLIGHTS Cape Air Expresses & Eagle jetBlue Connections

United & American

ALBANY INTERNATIONAL AIRPORTAIRLINES ARRIVALS AND DEPARTURES

As of November 14, 2018

CONCOURSE "A" CONCOURSE "B" CONCOURSE "C"

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AGENDA ITEM NO. 5.4

USDOT ARRIVAL AND DEPARTURE STATISTICS

6 MO 3 MO 12 MO 9 MOJUL 18 2018 JUN 18 MAY 18 APR 18 2018 MAR 18 FEB 18 JAN 18 2017 DEC 17 NOV 17 OCT 17 2017 SEP 17 AUG 17 JUL 17

ALBANY ON-TIME (%)Arrivals 72.6 - 76.7 78.1 82.0 - 74.4 79.1 77.1 - 78.2 89.9 87.9 - 88.3 76.9 71.5Departures 77.2 - 83.2 83.8 86.3 - 78.1 82.1 78.1 - 78.6 89.1 88.2 - 87.3 78.4 77.8

ON-TIME ARRIVALS (%)Delta 83.4 82.6 81.5 85.0 86.4 86.4 87.0 87.9 84.3 88.9 83.5 93.7 89.4 86.4 88.7 87.4 83.1Express Jet 77.2 78.5 78.3 83.0 80.9 76.3 79.1 74.9 74.6 81.1 76.4 86.3 80.6 76.6 81.0 74.1 75.6Jetblue 67.2 69.4 73.8 71.0 67.6 67.9 64.2 74.6 65.8 80.0 74.1 86.6 79.7 67.1 70.1 68.1 63.5Southwest 74.5 78.3 77.7 76.4 77.7 79.3 78.9 77.1 81.8 83.8 79.1 87.6 84.6 75.6 82.4 70.2 74.9United 75.1 78.8 74.1 78.9 83.9 84.4 83.9 84.7 84.7 86.4 84.6 88.6 86.0 80.4 85.5 77.5 78.7American 70.0 78.1 72.4 78.6 83.9 81.9 82.3 80.8 82.5 85.2 82.0 88.8 85.1 77.7 82.8 77.7 73.1SUMMARY ALL AIRLINES - JUL - On-time 75.97%; Cancelled 1.82%; Diverted 0.31%; Delays: Air Carrier 5.94%, Weather 0.96%; Aviation System 6.62%; Security 0.04%; Late Arrivals 8.34%

COMPLAINTS/100,000 PASSENGERS (%)Delta 0.61 0.65 0.65 0.51 0.55 0.74 0.56 0.79 0.93 0.92 0.76 0.71 0.57 0.99 0.85 0.77 0.95Express Jet 0.36 0.28 0.35 0.00 0.49 0.28 0.54 0.13 0.12 0.73 0.31 0.10 0.61 0.82 0.28 0.85 1.15Jetblue 1.11 0.96 0.35 0.74 0.86 1.10 0.77 1.10 1.49 1.14 0.50 0.69 1.36 1.24 1.87 1.62 1.41Southwest 0.51 0.38 0.41 0.37 0.46 0.34 0.27 0.37 0.38 0.47 0.31 0.22 0.31 0.53 0.55 0.77 0.44United 1.21 1.39 1.19 0.97 1.12 1.74 2.25 1.32 1.51 1.89 1.10 1.19 1.43 2.11 1.70 2.26 2.41American 1.69 1.24 1.57 1.24 1.11 1.16 1.05 1.18 1.28 1.96 1.46 1.40 1.39 2.14 2.54 2.26 2.48SUMMARY ALL AIRLINES - JUL - 1.13%; 2018 SIX MONTHS- 0.95%

MISHANDLED BAGS/1,000 PASSENGERS (%)Delta 1.83 1.93 2.15 1.54 1.53 1.81 1.81 1.72 3.01 1.82 2.50 1.08 1.40 1.88 1.32 1.44 1.77Express Jet 5.46 5.10 6.00 4.58 4.01 4.7 4.7 4.67 6.70 3.88 5.34 2.08 2.72 4.02 2.55 3.72 4.26Jetblue 1.96 1.77 1.76 1.62 1.59 1.8 1.8 1.58 2.30 1.65 1.77 1.37 1.58 1.67 1.53 1.79 1.81Southwest 3.39 2.82 3.03 2.84 2.56 2.65 2.65 2.78 3.11 2.83 3.37 2.33 2.43 2.87 2.49 3.16 3.38United 2.77 2.54 2.77 2.33 1.98 2.42 2.42 2.52 3.31 2.38 3.00 1.77 2.01 2.42 1.76 2.50 2.86American 4.39 3.73 4.42 3.36 3.05 3.33 3.33 3.65 4.62 2.84 3.92 2.01 2.24 2.88 2.32 2.80 3.47SUMMARY ALL AIRLINES - JUL - 3.11%; 2018 SIX MONTHS - 2.82%

OVERSALES/10,000 PASSENGERS (Denied Boarding= "V" Voluntary, "INV" Involuntary) (%)

Six V INV Three V INV Twelve V INV Nine V INVDelta Months 4.86 0.00 Months 7.70 0.00 Months 9.70 0.05 Months 9.06 0.01Express Jet Stats 9.46 0.05 Stats 9.25 0.01 Stats 13.22 0.54 Stats 11.02 0.06Jetblue 0.56 0.01 1.06 0.01 0.57 0.41 0.58 0.02Southwest 1.43 0.09 1.17 0.18 2.34 0.53 0.98 0.38United 3.32 0.01 3.85 0.01 5.02 0.23 4.68 0.04American/US Airways 3.67 0.06 4.97 0.15 3.63 0.38 3.00 0.09ALL AIRLINES 3.91 0.10 4.75 0.12 5.02 0.34 4.19 0.15

COMPLAINTS Animal Incidents

Screening Processing Personal Courtesy Procedures Time Property Death 0

931 57 130 553 Injury 00.001% 0.00007% 0.0001% 0.0007% Loss 0

U.S. DEPARTMENT OF TRANSPORTATION AIR TRAVEL CONSUMER REPORT

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AGENDA ITEM NO. 6

Project Development






PROJECT STATUS REPORT

November 5, 2018

I. AIRSIDE IMPROVEMENTS

A) Airport Aeronautical Survey and Obstruction Evaluation (Contract No. S-886) Stantec Engineering has collected all data required by the FAA including flights over the Airport to collect photogrammetry information. All data was compiled, reviewed and will be submitted in accordance with FAA regulations. The Airport Authority and Stantec Engineering are collating the data collected. Final report to be submitted to the FAA by the end of 2018.

B) Runway 01-19 and Taxiway A Edge Light Replacement (Contract No. S-912)

George Martin & Son Electric, the low bidder for this contract began work last fall. The contractor continues installing new conduits and light bases along Runway 1-19 and Taxiway “A”, working at night to allow for runway and taxiway closures. The contractor is working days installing new wire and edge light assemblies. The contractor is working to have the new system operational before winter.

C) Terminal Glycol Deicing Collection System Replacement (Contract No. S-906)

The project for the replacement of approximately 1300 ft. of glycol collection trench drains around the B-concourse was awarded to VMJR Companies, the low bidder. The project will replace existing 10” trench drains with 14” trench drains to increase the collection capacity of the system and reduce the amount of icing in the trench during snow removal. The project is being funded by a grant from NYSDOT. The contractor continues to work removing and replacing the existing trench drain.

D) Airport Drainage Culvert Replacement (Contract No. SD-930)

C.T. Male Associates has started to design the drainage project based on the Drainage Report done by CHA Companies. C.T. Male Assocs. has their surveyors working on the airfield gathering topographical information. C.T. Male has begun the new culvert design.

E) Passenger Boarding Bridges B5, B7, B8 & C3 (Contract S-945) Oxford Airport Technical Services was the low bidder for both the GC & E portions of this project. Oxford has ordered the new bridges and they are currently being fabricated. Oxford will schedule the installation of all 4 new bridges starting in May 2019.

F) Runway 10-28 and Taxiway C Edge Light Replacement (Contract S-946)

C & S Companies, the firm selected to design the Runway 10-28 Edge Lighting project, has had a survey crew working on the Airfield. Also C &S has provided the FAA with required preliminary documents for this project. C & S has submitted 100% drawings for review, the final drawings were submitted in August 2018. This project is scheduled to be put out to bid in the Spring 2019.

G) Resurfacing Metal Roofing on Buildings 112 & 216 (Contract No. 985-GC)

Titan Roofing was the low bidder and the Board approved their contract in the August Board meeting. Titan roofing has begun work removing and replacing the roof on Building #216. Building #112 will be done in the Spring of 2019.

II. LANDSIDE IMPROVEMENTS A) Commercial Lane Glass Replacement (Contract No. 940-GC)

Architectural Glass & Metal was the low bidder for the project which includes the removal of the exiting glass and framework and the installation of new louvered glass with new framework. The remaining framework has been cleaned and painted. The new glass system has been delivered and installed.

B) Terminal Lighting Control Systems Upgrades (Contract No. 961-E)

George Martin & Son Electric was awarded the contract. The contractor has begun installation of the new equipment in the Terminal and will continue installation in the Parking Garage. The new system was operational by mid-October and a factory rep will come back in November 2018 to make any final adjustments.

C) Million Air Hangar Door Replacement (Contract No. 971-GC) The existing hangar door system at the Million Air Hangar (building #109) will be removed and a new ASSA Abloy “Mega Door” will be installed. The new door has been designed, ordered and is in fabrication. The delivery date has postponed until Spring 2019, due to production issues beyond the manufacturer’s control.

D) Concourse C and TSA Checkpoint HVAC Upgrades (Contract No. 974-M) Concourse C and TSA Checkpoint are two areas of the Terminal that have become cooling problem areas, due to increased passenger traffic and additional security screening equipment generating additional heat loads. To counter the additional heat in these areas Sage Engineering was retained to design additional cooling measures. Eckert Mechanical has completed the installation of six 2 Ton units in the TSA Checkpoint area. The work was completed mid–October 2018.

E) Eclipse Hangar Door Expansion (Contract No. 980-GC)

The existing hangar door on the former Eclipse Hangar (building #119) was too small to accommodate larger commercial aircraft, since it was originally built as a service facility for small private jets. In order to allow it to be used by Piedmont Airline as a repair facility the hangar door needed to be widened by 20 feet. Ryan Biggs Clark Davis Engineering has designed plans to widen the door. Duncan & Cahill has removed a wall section and added a third rail for the new door section to ride on and the new door section has been installed. NORCO the door manufacturer needs to make few adjusts to the limits and the door will be complete. F) New Parking Garage (Contract No. S-989) Turner Construction was selected as the Construction Managers for this project and CHA Companies design team (including Desman Design) were selected as the designers for the new Parking Garage. The Board gave approval at the August Board meeting for negotiations with both firms for scope and fee. The scopes have been written and each firm has negotiated their respective fees, which will be presented to the Board later this meeting. The design team has met several times with ACAA to begin work on the new designs.

AGENDA ITEM NO. 7

Counsel

AGENDA ITEM NO. 8

Concessions/Ambassador Program






September 17, 2018 Marketing, Concessions & Ambassador Program Minority Percentages in the Concessions Workforce Date HMS Host McDonald’s OHM Paradies Dunkin Donuts Oct 2017 27.7% 58% - 50% 50% Nov 2017 25.8% 55.5% - 50% 45.4% Dec 2017 26.7% 53% - 50% 45.4% Jan 2018 25.8% 53% - 50% 45.4% Feb 2018 30% 55% - 57% 45.4% Mar 2018 30% 57% 37% 50% 54% Apr 2018 34% 57% 27% 52% 60% May 2018 25/60=42% 10/18=55.5% 1/8=12.5% 12/25=48% 4/8=50% June 2018 29/65=44.6% 10/18=55.5% 1/7=14.2% 10/22=45.5% 5/9=55.5% July 2018 26/62=42% 9/15= 60% 1/7= 14.2% 9/21= 42.8% 5/9= 55.5% Aug 2018 29/63=46% 9/15= 60% 1/7= 14.2% 11/19= 57.8% 5/9= 55.5% Sept 2018 25/56=44.6% 10/18=55.5% 1/7= 14.2% 11/20=55% 5/10= 50% Oct 2018 22/54=40.7% 12/19=68.4% 41/50=82% 13/21=61.9% 5/10= 50% Concessions The Request for Proposals has been issued for the McDonald’s location; 1212 sq.ft. Proposals are due on November 30th. At this writing there are 21 pickups. We will present the committee’s recommendation for approval at the December 10th board meeting. Ambassador Program Tours 2018 Jan - 0 Feb – 3 Mar –0 Apr – 5 May – 4 June - 5 YTD – 30 July – 3 Aug – 2 Sept - 1 Oct – 7 Nov – Dec - Hours 2018 Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec YTD – 11,249 1056 1147 1226 1429 1325 1352 1319 1224 1171 Guest Served 2018 Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec YTD – 103,539 11,872 9912 12,000 10811 12735 12192 11124 12689 10204 Canine 2018 Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec YTD – 65,014 7091 6506 8207 7319 7868 7829 6334 7909 5951 Business Center 2018 Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec YTD – 2,563 302 254 459 275 299 256 223 325 170

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AGENDA ITEM NO. 9

Public Affairs






Public Affairs Report November, 2018

Airport Emergency Drill The Airport Rescue and Fire Fighting Department conducted its Tri Annual Emergency Drill on September 15. Participating agencies included NYS Emergency Services, Verdoy Fire Department, West Albany Fire Department, Albany County Sheriff’s Office, NYS Police and JetBlue Airlines. The drill required emergency responders to deal with a plane filled with sick individuals and a suspicious device in the baggage hold. Frontier Airlines September 17 The inaugural flight of Frontier Airlines departed Albany International Airport for Denver on September 17. Patriot Flight September 29 The Capital Region Patriot Flight hosted a flight to Washington, D.C. on September 29. The event requires the TSA to be able to expedite passage through the security checkpoint. AOPA Seminar The Aircraft Owners and Pilots Association (AOPA) conducted a two-hour air safety seminar for pilots on our Observation Level on October 10. Approximately 70 local pilots attended the seminar conducted by Norm Isler of AOPA.

~~ ,.- . ..· .......--- -

AIRCRAFT OWNERS AND PILOTS ASSOCIATION

Albany Chamber Tour October 12 Integra hosted a day-long meeting of the Greater Rensselaer County Chamber of Commerce on October 12. Following the meeting, the Authority provided an Airport tour for the group. The Capital District Transportation Authority provided a bus for the tour and the Airport Rescue and Fire Fighting Department (ARFF) saluted the tour with a water cannon arch. Rensselaer Chamber October 12 The Airport Authority hosted a meeting of the Capital Region Chamber’s Leadership Institute on October 12. John O’Donnell provided a PowerPoint update on the construction of the new 1,000 car parking garage, the construction of the new I-87 Exit 4 and the terminal improvement projects that the Authority will be undertaking. Then Came You Premier October 12 Several Authority staff members attended the October 12 premier of Then Came You, the Peter Hutchings film that was shot in part at the Albany International Airport during May of 2017. The premier was held at the Woodstock Playhouse as part of the annual Woodstock Film Festival. Originally called Departures, the film tells the story of an airline baggage handler who befriends a terminally ill teenage girl. Chick-fil-A Opens October 19 Chick-fil-A celebrated its Grand Opening at Albany International Airport on October 19. The event featured the Chick-fil-A mascots, cows that urged folks to eat more chicken and an accordion player who played chicken dance. At one point the Chick-fil-A line was longer than that at the TSA Checkpoint. Honor Flight October 27 The Leather Stocking Honor flight hosted a flight to the World War II memorial on Saturday, October 27. The Airport provides equipment and chairs for an early morning departure celebration that includes local elected and military leaders. ARFF is kept on standby in the event of a medical emergency.

AGENDA ITEM NO. 10

Authorization of Contracts/Leases/Contract

Negotiations/Contract Amendments

AGENDA ITEM NO. 10.1

Professional Services Contract No. S-991 Design Services for Terminal Amenities Design

Services for Terminal Amenities

TO BE HANDED OUT AT MEETING

ACAA ApprovedContingent UponNYSDOT Concurrence11/05/2018


Professional Services Contract: S-989 Design Services for New Airport Parking Garage with

CHA Companies, Inc.

AGENDA ITEM NO: 10.2 MEETING DATE: November 5, 2018

ALBANY COUNTY AIRPORT AUTHORITY REQUEST FOR AUTHORIZATION

DEPARTMENT:

Contact Person: John LaClair, P.E. Airport Engineer

PURPOSE OF REQUEST:

Professional Services Contract: S-989 Design Services for New Airport Parking Garage with CHA Companies, Inc.

CONTRACT AMOUNT:

Base Amount: $2,100,000

BUDGET INFORMATION:

Anticipated in Current ALB Capital Plan: Yes √ No NA Funding Account No.: CPN 2263

AWARD CONDITIONS MET:

Apprenticeship _ N/A___ DBE _Y___ MWBE _ N/A__

Service Disable Veteran Owned Business (SDVOB) _ Y__

FISCAL IMPACT - FUNDING (Dollars or Percentages)

Federal 0% State 70% Airport 30%__ NA ______ Term of Funding: 2018-2021

Grant No.: <pending> State PIN: <pending>

JUSTIFICATION:

Authorization is requested to award the Professional Services Contract S-989 Design Services programmed for the execution of the NYSDOT Grant to CHA Companies for $2,100,000.00. The Project includes the design of the New Parking Garage, including all sitework, utility relocations, realignment of Jetway Drive, the reconfiguration of the access to and from D’ Alessandro Blvd including an access ramp into the new garage and a pedestrian walkway from the garage to the existing Terminal and the parking garage structure. The contract award is contingent upon NYSDOT concurrence with the award.

CHIEF EXECUTIVE OFFICER’S RECOMMENDATION:

Recommend approval.

ACAA ApprovedContingent UponNYSDOT Concurrence11/05/2018


FINAL AGREEMENT SUBJECT TO APPROVAL BY COUNSEL: YES √ NA PROCUREMENT DEPARTMENT APPROVAL: Procurement complies with Authority Procurement Guidelines and Chief Financial Officer has approved. YES √ NO . BACK-UP MATERIAL: Please refer to attached Scope and Fee negotiated with CHA Companies.

NEW PARKING FACILITY, ELEVATED PEDESTRIAN WALKWAY & OTHER PARKING AREA IMPROVEMENTS

PROFESSIONAL ENGINEERING & ARCHITECTURAL SERVICES ACAA Contract S‐989

NYSDOT PIN 1A00.97

Revised: October 25, 2018

Prepared for: Albany County Airport Authority

Albany International Airport

Prepared BY:

CHA Consulting, Inc.

Ill -I

NEW PARKING FACILITY, ELEVATED WALKWAY & OTHER IMPROVEMENTS ALBANY INTERNATIONAL AIRPORT (ALB)

Professional Engineering Architectural Services 2 Contract S‐989 10/25/2018

PROJECT BACKGROUND Parking demand at the Albany Airport International Airport, especially for covered spaces close to the terminal, remains strong, and at peak periods demand significantly exceeds capacity. In anticipation of future needs for additional parking capacity, the Albany County Airport Authority (ACAA) in 2005, engaged Earth Tech, in association with Walker Parking Consultants and C.T. Male to investigate alternatives for additional structured parking adjacent to, and south of, the existing airport garage. The recent surge in enplanements has created a severe shortfall of covered and surface Terminal Area parking. In 2005, Conceptual/Schematic Design documents were prepared resulting in a plan for constructing a 5‐level (grade + 4 structured levels) garage expansion providing 1502 spaces to be located between the existing garage and D’Alessandro Boulevard. Later, a second alternative to place a four‐level garage south of the Administration Building, providing a smaller structure of about 1,000 spaces was considered. The second alternative garage has become the preferred alternative due to excessive parking demand, availability of land for swing space and limitations of funding. The larger 1,502 space plaza has an estimated project cost at over $40 million while the smaller 1,000‐car parking garage plaza is estimated at $33 million.

PROJECT DESCRIPTION The project involves constructing a four‐level precast concrete parking garage structure for 1,000 vehicles within the area designated (see Figure 1). Based on the geo‐tech borings and report that CHA will be conducting, we will determine if the superstructure will be supported by piles down to dense glacial till and/or bedrock. The façade aesthetics will reflect those illustrated in Figure 2. The parking facility will include glazed fire rated stair towers with an elevator (2 units) and stair tower located at the northwest corner of the parking facility. Additionally, a dedicated enclosed pedestrian walkway within the plaza will run north south to connect the parking garage plaza to the elevator core at the juncture of the Terminal. An elevated enclosed pedestrian bridge will connect the second level of the parking garage to the Terminal and will be heated and air‐conditioned. Vertical circulation within the plaza expansion is provided via escalators and an elevator core at the southwest corner of the Terminal. Photovoltaic solar panels will be installed on the roof of the pedestrian walkway. The new parking facility and pedestrian walkway will provide guided, passenger friendly systems including “Find Your Car Technology” and Pay Parking Kiosks. Illumination within the structures will be provided energy efficient LED lighting, which will be positioned for both vehicular and pedestrian safety. The project will include new LED electronic signage, car counting devices, and access control devices, which will be interactive and provide way‐finding messages to direct parkers to available spaces. The new proposed systems will provide travelers with a variety of parking and payment options:

Ticketless parking / entry offering payment options including license plate readers, EZ Pass, credit card or smart phone;

Pay parking stations within the terminal providing live interface to parking staff and modern payment options;

Automated space detection with real time monitoring and surveillance;



System for travelers to locate their vehicle by license plate with interfacing via kiosk, smart phone, parking ticket or other on‐site system.

A new signage program will be provided to enhance the airport’s parking using advanced technology to locate available spaces. Way‐finding signage will also be included, as well as LED backlit exterior letter and logo, as depicted in Figure 2. Site work associated with the parking garage and elevated walkway will include concrete sidewalks constructed at appropriate locations based on expected and desired pedestrian routes. Also associated with the perimeter road (Airport Terminal Road), new drainage structures and piping will be provided with required provisions to accommodate building drainage outlet and site run‐off; storm drainage will be connected to existing structures and discharged to the retention basin south of the new parking facility. North of the new parking garage, a small surface parking lot will be constructed, reserved for administrative personnel. On the west side of the parking facility, site work will be limited to what is necessary to tie in with existing vehicle routes and architectural elements. There will be minor curb relocations, drainage alteration, re‐paving and re‐stripping in this area. The design team has proposed a five level garage with an entrance ramp at the bridge located at the south end of the garage. Jetway Drive will be reconfigured to connect at the intersection of Terminal Roadway and DalAssandro Boulevard. See Figure 3

PROJECT OBJECTIVE Upon receiving a New York State Department of Transportation (NYSDOT) grant, the ACAA intends to build a multi‐level parking facility on the south side of the new terminal, which will provide structured parking for a minimum of 1,000 cars, including an elevated pedestrian walkway connecting the second level of the parking garage to the Terminal.

STATEMENT OF UNDERSTANDING Based on our initial kick‐off team meeting, we understand that that critical goal of the design team, working collaboratively with the Construction Manager, ACAA, and other stakeholders and/or agencies involved, is to meet the construction completion date of March 2020. Per the ACAA’s Scope of Project document, dated September 3, 2018, it is understood that the estimated construction cost for this project is $33,000,000. ACAA has provided CHA with C.T. Male’s geotechnical report, dated March 13, 2006 for a site located south of the existing parking garage; on the other side of Airport Terminal Road from this project site. Given this, CHA will submit a separate proposal to oversee a geotechnical driller to take 8 to 10 borings to establish glacial till and bedrock depths. In addition, CHA will submit a separate Ground Penetrating Radar (GPR) survey to locate additional underground site utilities not identified on Creighton Manning’s latest site utilities plan. The GPR surveyor will also vacuum excavate to locate the two main electrical duct banks to establish their depth, width and height. Once the utility locator has surfaced marked the site utilities, we understand Creighton Manning will update their site utilities survey to reflect all utilities discovered.



We understand that the ACAA will issue a Request for Proposal for the PARCS system that will address the needs of the entire Albany Airport Facility’s existing parking garages and open‐air parking lots for 7,000 spaces, including the new 1,000 car Parking Garage. The design and equipment installation for the existing 7,000 parking spaces will occur prior to the equipment installation for the new Parking Garage. Electrical infrastructure will be provided to accommodate the new Parking Garage’s PARC’s system. The LED lighting will be located within the Parking Garage structure, given the deck’s construction, to provide a well‐lit parking facility. Electrical service for the Parking Garage and the Elevated Pedestrian Walkway will be connected to a 180 kVA emergency generator, which is adjacent to the Million Air Facility for emergency power. The parking revenue control equipment will also be connected to the emergency generator to prevent power outages. For clarification purposes, CHA is the Engineer of Record, Desman Design Management is the Architect of Record and Bergmann Associates, Inc. is the Design Architect.

Figure 1

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~ Commercial lane (Hot.I Shunle, Taxi & UmoJ

B~s lines Drop off/ Pick Up @ A1rporf Authority oUices

Airporf Authority Parking

Employee/ Public Parking lot 1--- 1$9/Day tredn c..-d o..lyJ

Hangar 1

t---- Airport Rescue D & Firefighting

t-- Million Air

II-Aircraft Hangar

Economy GrHn Lot

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Figure 2

Figure 3

Figure 4

Commented [LC1]: Insert latest layout. Need new Figure 3.

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1.0 ‐ DESIGN SERVICES PHASE 1.10 CHA DESIGN SERVICES:

1.11 ‐ SITE / CIVIL

Prepare Early Utility Relocation Plan set to prepare the site for the Parking Garage and Elevated Pedestrian Walkway foundation design and construction. The plan/profiles and Town of Colonie standard detail references for relocated public utilities.

Coordinate with The Town of Colonie (Department of Pure Waters and Latham Water) for the relocation of existing public water and/or sanitary sewer systems within the garage footprint area. It is anticipated that NYSDOH and NYSDEC review and approval are not required.

Prepare technical specifications for the utility relocation package.

Since the project will disturb more than 1 acre of land, the project will require coverage under the NYSSPDES General Permit for Construction Activities. We will prepare a Storm Water Pollution Prevention Plan (SWPPP) in accordance with the NYSDEC SDPES General Permit #GP‐1‐0‐15‐002. We will complete the Notice of Intent (NOI) and submit to NYSDEC for permit coverage. It is assumed that more than 5 acres of land will not be disturbed at one time and as such, a waiver will not be required. Since the project will not increase impervious area it is assumed that post development storm water controls to treat for peak flow mitigation will not be required. Under redevelopment guidelines, it is assumed that water quality will be required.

A requirement of SPDES General Permit is obtaining approval from NYS Office of Parks, Recreation identifying and addressing potential impacts on archeological and historic resources. It is assumed that the approval will be provided for incorporation into the SWPPP.

We will develop Erosion and Sediment Control Plans for the proposed disturbance in accordance with the New York Standards and Specifications for Erosion and Sediment Control.

Provide SWPPP inspections during construction.

CHA will prepare civil site design plans and technical specifications for the site/civil work associated with the proposed 1,000‐car Parking Garage and Elevated Pedestrian Walkway. The anticipated design elements include:

Underground Site Utilities

Underground Oil Water Separator

Access drives and sidewalks ‐ Modification of existing roadways ‐ Site Grading and Drainage ‐ Landscaping ‐ Storm Water Pollution Prevention Plan, Erosion and Sediment Control ‐ Storm Water Management, Water Quality Treatment ‐ Mitigation measures as indicated for the Shaker Site impacts which includes, but is not limited to concrete walkway, interpretive signage and plantings.



Assumptions / Clarifications

Relative to the existing public water or sanitary sewer systems within the garage footprint area, it is assumed that NYSDOH and NYSDEC review and approval are not required.

The SPDES Permit MS4 sign‐off letter will be signed by Albany County.

Application and/or Permit fees will be provided by the ACAA.

The design of outdoor patios/seating areas, site amenities etc. will not be required.

Water and Sanitary Sewer extensions and re‐routing are anticipated to avoid foundation impacts..

Road Work

Develop design criteria based in accordance with on AASHTO’s Policy on Geometric Design of Highway and Streets based on the posted speed limit for Jetway Drive, Airport Terminal Road and D’Alessandro Boulevard.

Prepare up to three (3) sketches of alternatives for relocating the Jetway Drive and Airport Terminal Road intersection for presenting to ACAA in preparation to select the “preferred alternative” for the Jetway Drive and Airport Terminal Road modifications or relocation.

Provide further investigations of the preferred alternative for refinement for the Jetway Drive and Airport Terminal Road modifications or relocation.

Establish existing volumes for the study area. Enplanement data and seasonal adjustment factors will be reviewed to establish an average condition.

The traffic generated by the proposed garage will be estimated for the following periods: ‐ Weekday AM ‐ Weekday Midday ‐ Weekday PM These trip generation estimates will be based on time stamp entry/exit data for the existing garage.

Conduct a capacity analysis for the study intersections (under separate cover for ACAA review and approval) for the following conditions: ‐ Existing Condition Weekday AM, Weekday Midday, and Weekday PM. ‐ ETC No‐Build Condition Weekday AM, Weekday Midday, and Weekday PM. ‐ ETC Build Condition – The proposed alternative (1 alternative), will be analyzed

for the Weekday AM, Weekday Midday, and Weekday PM. This condition will include the proposed garage volumes calculated in task 5.

‐ These analyses will be conducted using the applicable procedures of the Highway Capacity Manual, published by the Transportation Research Board, and utilizing Synchro software.

Provide an assessment of the change in roadway operating conditions (level‐of‐service) resulting from the No‐Build and Build traffic conditions. Where there is a significant change in level of service, we will identify improvements/strategies to mitigate the identified project impacts and to accommodate the projected traffic



flows.

Prepare a memo summarizing the findings of the capacity analysis. The document will include text and graphics to describe the study process and methods and Existing, No‐Build, and Build traffic conditions. A Technical Appendix will also be provided containing the technical data and analyses supporting the information presented in the report.

Develop horizontal and vertical alignments for Jetway Drive, Airport Terminal Road and D’Alessandro Boulevard based on the preferred alternative and design criteria.

Develop curb line based on design criteria and turning movements of design vehicles.

Determine the required signing and striping changes required based on the MUTCD for the preferred alternative.

Develop construction staging for the preferred alternative and parking garage and required work zone traffic control.

Develop a signal modification plan for the preferred Build alternative.


The preferred alternative will be an intersection relocation of Jetway Drive and Airport Road towards D’Alessandro Boulevard.

Drainage and Storm water design will be completed by Site / Civil.

Internal Wayfinding Signage will be completed Bergmann.

That time stamp data for the existing garage will be provided in digital format (Excel), and that the data can be sorted electronically.

That only the ETC design year will be analyzed for the No‐Build and Build conditions. Future design years (ETC+10) are excluded.

That no trip generation calculations will be required for other developments to establish the No‐Build volumes.

That time stamp entry/exit data for the employee parking lots is available.

That only the preferred alternative will be analyzed for the capacity analysis.

That the signal at Albany Shaker Road & Airport access will be maintained and will not require modifications.

That modifications/new signal will be required at the Airport Access Road & Albany Shaker Road entrance / relocation of Jetway Drive intersection.

Ramp Bridge Superstructure Initially, Jetway Drive ran through the Parking Facilities with a public vehicle entrance on the south end of the garage via an off‐ramp access road built up on a sloped embankment (see Figure 4). Since then, alternate concept options have been reviewed and the preferred option by ACAA and NYSDOT is Option 1, which relocates Jetway Drive to the south side of the Parking Facility. There are a number of benefits with relocating Jetway Drive, as noted below:

Smaller garage footprint, less travel distance for pedestrians;

Few deep piles, caps and foundation walls; provides cost savings;

By relocating Jetway Drive that bisected 1st garage level and relocating outside the garage, this eliminates life safety traffic issue;



Eliminates the 15’ high height requirement for the 1st level, thus allowing a 5th level of parking;

Public access entry will be located on the 3rd level due to the 1st level height now revised to 11 feet (8’ clear, 3’ for structure).

As a result of relocating Jetway Drive at the south side of the Parking Facility, this creates a new condition; that is a ramp bridge is now required to allow tractor trailers and buses to drive under the ramp bridge when driving through on Jetway Drive. The following scope of services for the ramp bridge work is noted below.

Two (2) bridge alternatives will be studied and presented to the Authority. The

evaluation of both a steel multi‐girder and adjacent prestress box beam alternative will

be considered. Pertinent factors such as construction costs, long term maintenance

needs and durability will be presented. A Structure Justification Report will not be

required.

For estimating purposes, it is assumed that the new structure will consist of a two span

adjacent pre‐stress box beam structure. The preferred superstructure type will

support a concrete deck and be constructed a single phase. The proposed bridge will

carry two‐lanes of traffic with shoulders. The superstructure will be supported by

either conventional cast‐in‐place abutments or piers.

Structure will be a new bridge provide access to the third (3rd) level of the new parking

garage from Albany Shaker Road via entrance way.

The approach roadway will be constructed of a mechanically stabilized embankment

(MSE) wall system.

It is anticipated that the bridge superstructure will be approximately 100 feet in length

over two‐spans to reduce overall structure depth. However, given budget constraints,

CHA will investigate the option of designing a MSE wall system on both sides on Jetway

Drive, that is, an embankment between the Parking Facility and Jetway Drive to reduce

the bridge span to approximately 50 feet.

The bridge will cross relocated Jetway Drive, which will require clearance for WB‐67

tractor trailers (55 feet in length) and standard bus traffic.

The bridge will be supported by a typical cantilever abutment, a pier near mid‐length,

and another pier type structure immediately adjacent to the parking garage structure.

The bridge will be a completely independent structural system from the parking garage

structure to allow for bridge thermal movement and future maintenance and repair

not to affect the parking garage.


Design development and plan preparation will NOT be based on NYSDOT standard

process, though it is anticipated that NYSDOT will review submittals.

No load ratings nor inventory sheets will be necessary for this project.

Staged construction will not be necessary.



This bridge will be owned and maintained by the ACAA and will not be included in the

NYSDOT system.

The Ramp Bridge Superstructure construction documents will be included with the

Road Work Modifications bid package.

Federal AIP design standards shll apply to the Pedestrian Bridge component of the

Garage Project.

The Preliminary Cost Estimates will be completed on a shoulder break, square foot basis. CHA to provide this level of estimate information to the Construction Manager to include in their cost estimates.

Bridge Site Data Sheets will not be required for this project.

The bridge will be constructed in a single phase with no staging.

No utilities will need to be carried on the proposed structure.

It is assumed that no temporary excavation support walls will be required.

A seismic analysis following NYS and Federal guidelines will be followed.

Actual design load will be determined at a later date, but will not be larger than HL‐93.

1.12 ‐ STRUCTURAL (substructure)

Design loads will be identified on the structural drawings in the contract drawings.

The foundation system for the garage and pedestrian connector bridge structures will include: ‐ Deep foundations consisting of driven piles or augured piles. Pile

recommendations will be provided by a Geotechnical Engineer. ‐ Cast‐in‐place concrete pile caps will be utilized to support lite walls, shear walls,

structural columns (with pedestals), and precast stairs. The pile cap thicknesses range from 4 feet to 6 feet; top of cap elevation is typically 7.0 feet, requiring up to 6 feet of excavation. Piles caps will be tied with grade beams.

‐ The first level of the garage will be a reinforced structural slab‐on‐ground ranging from 5 inches to 8 inches.

‐ The foundation system for the pedestrian bridge connector structure will include driven or augured piles and pile caps similar to the garage and structure.

‐ All site retaining walls will be supported by shallow reinforced concrete foundations.

The design and construction shall incorporate applicable provisions for durability in accordance with ACI 362, Guide for Durable Parking Structures, and the PCI MNL 29, Precast, Pre‐stressed Parking Structures ‐ Recommended Practice for Design and Construction. Other durability requirements include the following: ‐ Drainage slopes shall be 1.5% minimum. ‐ Corrosion Inhibiting Admixtures. A minimum of 3 gallons/CY of Calcium Nitrite

shall be provided. Admixture shall be a minimum 30% solution of Calcium Nitrite. In addition, admixtures will be added, when required, to offset excess chlorides in the concrete aggregates.

‐ The water‐to‐cement ratio (w/c) shall not exceed 0.40 for all exposed structural concrete.



‐ Concrete cover over reinforcing steel shall be in accordance with ACI provisions for concrete structures exposed to weather.

‐ Embedded steel connection components shall be hot‐dip galvanized. ‐ Reinforcing steel and tie wires support bars and chairs used in top 3" of cast‐in‐

place structural slabs shall be epoxy coated. Concrete pier ties within 2" of the top surface of traffic bearing slabs shall be epoxy coated.


The structural design is being developed in accordance with the following design codes and specifications: ‐ 2015 International Building Code with the New York State Uniform Code

Supplement ‐ ASCE 7‐10: Minimum Design Loads for Buildings and Other Structures ‐ ACI 318‐14: Building Code Requirements for Structural Concrete ‐ Structural frame, floor slab, stairs and exterior spandrels/panels shall be pre‐cast

concrete. 1.13 ‐ MECHANICAL / PLUMBING / FIRE PROTECTION

The Mechanical scope includes HVAC design to serve the Elevated Pedestrian Walkway connecting the Parking Garage to the main terminal and air conditioning design for the elevator and escalator machine rooms and sump pumps.

The Plumbing scope includes design of storm drainage for the Parking Garage and Elevated Pedestrian Walkway, and design of sump pumps to serve the garage’s two elevators.

Fire protection scope includes standpipe design for the Parking Garage fire department connections and fire suppression design for the Elevated Pedestrian Walkway.

As commissioning services are required by NYS Energy Code, CHA will develop a commissioning plan and produce the final commissioning report.


Fire protection design for the Parking Garage is limited to manual dry standpipe system design.

CHA will contact the Town of Colonie for hydrant flow test data. It is assumed sufficient flow and pressure are available to support the design requirements, and that design of a fire pump is not required.

Mechanical ventilation design is not required for the open Parking Garage.

Design of hydronic radiant slab heating for the Parking Garage deck snowmelt is not required.

HVAC controls shall be stand‐alone (networked system is not required).

Restrooms are not required in the Parking Garage and the Elevated Pedestrian Walkway. Confirm that design of a domestic water system is not required. If needed, all exposed water pipes would require heat trace.

The emergency generator is existing and no mechanical design is required.



1.14 – ELECTRICAL

Prepare electrical drawings indicated electrical utilities site relocations to avoid the new Parking Garage and Elevated Pedestrian Walkway deep foundation system.

Prepare power, lighting and security systems plans for the Parking Garage and Elevated Pedestrian Walkway.

Indicate empty conduit system for PARCS system, as provided to CHA by PARCS system consultant.

Prepare Photovoltaic design for roof area on the Elevated Pedestrian Walkway.

Prepare point‐by‐point interior and exterior lighting calculations for the Parking Garage and Elevated Pedestrian Walkway.

Electrical service for the Parking Garage and the Elevated Pedestrian Walkway will be connected to an existing 180 kVA emergency generator, which is adjacent to the Million Air Facility for emergency power. The parking revenue control equipment will also be connected to the emergency generator to prevent power outages.

Prepare electrical technical specifications for bidding purposes.

As commissioning services are required by NYS Energy Code, electrical engineer will coordinate with mechanical regarding commissioning services


Analysis of the existing emergency generator is excluded with the assumed understanding that the generator has adequate capacity to provide back‐up power to the new Parking Garage and Elevated Pedestrian Walkway.

1.16 ‐ PROJECT MANAGEMENT

Manage, coordinate and meet with ACAA and other involved agencies, with CHA’s in‐house engineering disciplines: Geo‐technical, Site/Civil, Structural, Mechanical, Plumbing, Electrical, Transportation and Aviation, sub‐consultants: Desman Design Management and Bergmann Associates, Inc. and construction manager: Turner Construction Company relative to design, schedule and budget for all project phases throughout the duration of the project.

Assumptions / Clarifications We offer the following assumptions and clarifications relative to the understood scope of work. The assumptions are intended to clarify our understanding of the work required.

CHA and the Construction Manager will assist the ACAA with the development of ACAA’s front‐end specifications (Divisions 00 & 01).

LEED or Green certification will not be required for this project.

The Construction Manager will be responsible for printing and distribution of contract documents during Bid and Construction phases.

ACAA will be responsible for setting up Submittal Exchange or similar web based program for management of electronic submittals and RFI’s.

The Construction Manager will be responsible for determining how the bid packages will be prepared and distributed to bidders.

ACAA will be providing the ACAA and CHA with construction cost estimates for each bid package.



Site / Civil and Transportation drawings will be developed in CAD (Civil 3D) and the Structural, Architectural (Desman & Bergmann) and MEP Drawings will be produced in Revit 2018.

Value engineering (VE) services are not included in this scope of work. This includes changing any design work that the ACAA approves after the design phase for each package has been completed. Should VE services be required and requested, CHA will develop an Extra Work Authorization (EWA) for the ACAA’s review and approval prior to proceeding with VE services.

If unanticipated existing conditions and / or hazardous materials are discovered during construction, in particular to any undocumented underground fuel storage tanks, per the ACAA’s request, CHA will submit an EWA for additional services for review and written approval.

Incorporation of contractor provided As‐Builts / Record Drawings is included as part of Construction Administration phase basic services.

Permit fees, licenses, testing and inspections of any nature or type are not included.

Special inspections and Testing services are not part of CHA’s base services. If so requested, CHA will submit a separate additional service proposal for the ACAA’s review and written approval.

1.17 – REGULATORY AGENCY COORDINATION

CHA will provide general aeronautical coordination as it relates to the aviation project design, including building plans that will comply with latest FAA advisory circulars, NYSDOT Airport design standards and design appurtenances & systems (e.g., signage, signals, IT/Communications). This effort includes in‐house staff review of the project’s progress, in‐house staff communication, and dissemination of project data and information to in‐house staff in the form of internal memos, discussions, meetings, and updates to apprise the project team of new developments throughout the construction contract documents development.

It is anticipated that there will be regulatory agency involvement in this project due to the two funding agencies (NYSDOT and FAA). CHA will conduct design review as they pertain to the FAA aviation component and to coordinate and/or resolve design matters. This task includes providing any follow‐up coordination required after each meeting with the regulatory agency as needed. CHA will prepare and submit written summaries of the aviation components for all meetings.

CHA will prepare and submit the FAA 7460‐1, Notice of Proposed Construction or Alteration paperwork required for the project though the FAA Obstruction Evaluation / Airport Airspace Analysis (OE/AAA) website on behalf of the client.

1.20 ARCHITECTURAL DESIGN OF THE PARKING GARAGE

CONCEPT / PROGRAM TASKS

Prepare Code Analysis for the new Parking Garage.

Coordinate with Security design, IT design, Parking Access and Revenue Control design, Parking Guidance System design, Variable Message Signage design and Elevator designer.



The New Parking Garage shall be a complementary structure to the existing Garage and shall provide convenient parking for the Terminal patrons and employees.

The Garage shall provide a minimum of 1,000 parking spaces. The program includes providing 200 “nested” employee parking spaces within the total.

Based on preliminary plans it is assumed the garage will be five (5) levels.

The Garage shall provide ADA compliant parking as required by ADA and the NYSBC (latest editions). The NYSBC requires that not less than 2% of the total parking capacity be ADA accessible parking spaces.

Entrance to the parking levels will be provided within the garage footprint and a second connection to the upper levels will be provided from a direct entry ramp via the Airport access roadway.

Egress from the Garage will be within the garage footprint at the grade level.

Review and evaluate overall objectives of the project and advise Airport and Design Team as to potential engineering and construction impediments to achieve project objectives. Review materials pertaining to the site regarding height, points of ingress and egress, traffic circulation patterns, pedestrian access, and relationships with existing or planned facilities.

Prepare alternative functional design concept drawings that will show such items as traffic flow, parking layouts, entrance/exit lanes, ramping system configuration, connections with external roadways and locations of pedestrian elements. Will consider the following elements, at a minimum, to determine the opportunities of the site to accommodate the parking improvements: ‐ Site topography, utilities, etc. ‐ Pedestrian flow to the destinations ‐ Access from the adjoining circulation roads, including phasing and/or future

internal roadway realignments ‐ Integration of parking structure with internal roadways, circulation and surface

parking ‐ Pedestrian bridge opportunities ‐ Aesthetics ‐ Compliance with Building Code ‐ Constructability and phasing ‐ Economics

Test massing concepts (3 potential footprint options) to determine feasibility of layout and desired number of parking stalls.

The set of Concept Plan Documents will typically include the following information: ‐ Grade, Typical and Roof Plans. ‐ Vehicular Ingress and Egress Locations. ‐ Ramping Methods, slopes and locations. ‐ Internal Traffic Flow. ‐ Parking Geometry, including bay widths, parking angle and stall widths. ‐ ADA Accessible Stalls, including routes and headroom requirements. ‐ Stair/elevator locations. ‐ Pedestrian Bridge Connections. ‐ Building Sections.



Present Concept Plans for ACAA Approvals. Make final revisions to concept as necessary.

SCHEMATIC DESIGN & PRE‐CAST BID SET

Advance the Owner Approved Concept Plan, including exterior architectural treatments for façade elements and stair towers, proposed floor plans and structural, mechanical, and electrical systems. Develop documents and assist as necessary in bidding, negotiating and finalizing the structural framing with various PCI Certified Pre‐Cast Manufacturers. The intent will be to work with the selected pre‐caster to finalize and set the building parameters, including lateral loading requirements, seismic design, framing and any special conditions. Advance the program to include the following, which could be used as a basis of contract with the Pre‐Cast Manufacturer. ‐ Floor Plans ‐ Preliminary Building Sections & Elevations ‐ Spandrel Panel Details ‐ Definition of Stair & Elevator Towers including Plans and Sections ‐ Limits of Cast‐in‐Place and Precast ‐ Number, length and location of sheer walls and/or moment frames ‐ Framing Plans ‐ Wall Sections and Details ‐ Detail Sheets ‐ Technical Specifications

CONSTRUCTION DOCUMENTS

Upon completion of the Pre‐Cast Bid Set, finalize all building loads to design the new garage foundation system, any required retaining walls and grade slab. Provide support and drawings for use in the completion of the Foundation Bid Set.

Detailed drawings and specifications will be created from the approved precast and foundation bid packages. Contract documents that are produced will be suitable for bidding, permitting and construction. Documents will be prepared using Revit 2018.

Prepare from the previous documents, drawings and technical specifications setting forth in detail all the work required for complete and coordinated civil, architectural, structural, mechanical, electrical, fire protection and special systems.

Documents shall be sufficient in detail to submit the drawings for a Building Permit, competitively bid all required subcontractor building trades and for construction of the project.

Prepare Construction Document progress set for Airport’s review and approval.

Upon Airport approval of CD review set, prepare complete and coordinated construction documents suitable for bidding, permitting and construction.

Prepare Maintenance Manual for the new Parking Garage. This manual is intended to provide the Airport with comprehensive guidelines for the preventative maintenance of the new parking garage to maintain the facility at a satisfactory level. Practices and procedures considered applicable and essential to the prevention of equipment



failures and premature deterioration of the precast/cast‐in‐place concrete structure will be included.


Parking clearances on upper levels shall meet NYSBC requirements. It is desirable to provide 11 feet floor‐to‐floor dimensions allowing for 8 feet of clearance below the structure.

No parking shall be provided on the vehicle ramp system.

Parking geometrics shall include 9‐foot‐wide by 18‐foot‐deep parking spaces accessed by a 24‐foot aisle. No provisions for oversize or limousine vehicles shall be included.

The Parking Garage will not be designed for ParkSmart Certification.

The parking garage shall be an open parking garage and meet the requirements of such per the International Building Code (IBC).

1.30 ARCHITECTURAL DESIGN OF THE ELEVATED PEDESTRIAN WALKWAY

Façade design: responsible for the design of the brick façade and colored concrete precast panels applied to the façade to the areas shown in renderings, including glazing and metal panel elements. The intent is to mimic the existing parking facility and renderings.

Covered Walkway design: responsible for the design of the covered walkway enclosure. We will design the structure, metal panel, glazing and roof enclosure and coordinate the PV panel on the roof with the electrical engineer.

Design and coordinate all vertical transportation equipment required within the garage and the covered walkway. This will consist of two (2) escalators and one (1) elevator at the northwest corner of the terminal from the pedestrian bridge, two (2) elevators within the garage.

Wayfinding Signage: Design sign messaging (vehicular/pedestrian) and sign locations with the ACAA. We will prepare sign hierarchy (directional, banner, entry) and design up to three (3) alternatives for review and selection. The preferred design will be applied throughout the parking garage and walkway.

Renderings: Provide renderings throughout the process of the project. Renderings will be developed from Revit models created by the design team.

2.0 ‐ BIDDING & AWARD PHASE The following tasks will be provided for bidding phase services:

2.10 Prepare clarifications and addenda [two addenda estimated for each of the bid

packages] required for bid documents during the bidding period. 2.11 Prepare any necessary modifications to the drawings or specifications. 2.22 Answer pertinent contractor questions applicable to the project during an estimated

three‐week bidding timeframe for each of the bid packages. 2.23 Attend a pre‐bid conference meeting.



2.24 Assist ACAA and the Construction Manager in assessing bid results and provide recommendation on the award of contract.

3.0 ‐ CONSTRUCTION ADMINISTRATION PHASE The CHA team’s Construction Administration services shall be as follows:

3.11 Transmit to the Owner and/or Construction Manager’s requests for interpretations of the

meaning and intent of the Drawings and Specifications, and assist in the resolution of questions that may arise.

3.16 Receive and review approved Shop Drawings, Product Data, Samples, Coordination Drawings, As‐Built Drawings and other submittals as transmitted by the Construction manager via Submittal Exchange or similar web based documents exchange program.

3.17 Develop appropriate drawings, sketches, respond to RFIs, bulletins, etc. 3.18 After CHA administrator reviews and initials the Contractors’ payment applications, CHA

shall review, sign and return to ACAA for approval and payment. 3.19 Attend twenty‐four (24) construction meetings &/or site visits over a 12‐month

construction period (two per month). 3.20 Review and ensure that work is being constructed per contract documents any will inform

CHA of any work which is deemed non‐conforming. 3.21 Responsible for reviewing and approving of samples, schedules, shop drawings and other

submissions to the extent necessary for compliance with the design intent. 3.22 Review Contractors’ proposed Change Orders with the ACAA relative to changes in the

work and recommended appropriate action. 3.23 Perform a punch list walk through at the substantial completion of the project and issue

a punch list via ACAA to be completed by the Contractors. 3.24 Provide final inspection of the work in accordance with the contract documents.


The Construction Phase will commence with the award of the Construction Contract(s) and/or purchase order(s), and, will end after final payment to all Contractors is made.

With respect to each Contractor's own Work, CHA shall not have control over or charge of and shall not be responsible for construction means, methods, techniques, sequences or procedures, or for safety precautions and programs in connection with the Work of each of the Contractors, since these are solely the Contractor's responsibility under the Contract for Construction. CHA shall not be responsible for a Contractor's failure to carry out the Work in accordance with the respective Contract Documents. CHA shall not have control over or charge of acts or omissions of the Contractors, Subcontractors, or their agents or employees, or any other persons performing portions of the Work.

Aviation post‐construction services will cover the project after construction had ended (3/31/2020 to 3/31/2021). It is anticipated that there will be a significant amount of regulatory agency involvement after the construction phases have been completed in this project due to the two funding agencies (NYSDOT and FAA). CHA will conduct design review as they pertain to the FAA aviation component and to coordinate and/or resolve design matters. This task includes providing any follow‐up coordination required after each meeting with the regulatory agency as



needed. CHA will prepare and submit written summaries of the aviation components for all meetings.

MEETINGS / SITE VISITS The CHA team will participate in meetings with the ACAA and other involved agencies such as FAA ATCT, NYSDOT and TSA staff throughout the Design Services Phase. In addition, the CHA team will attend two (2) construction meetings &/or site visits per month for 12 months

during the Construction Administration phase based on bi‐weekly meetings conducted by the Construction

Manager during the course of construction. CHA will provide an EWA (Extra Work Authorization) for ACAA’s review and written approval, if additional site visits are requested. One site visit for punch listing for each CHA discipline and our sub‐consultants is included.

DELIVERABLES The following list entails what CHA will include for design deliverables:

PDF set for 40%, 75% and 90% completion documents for NYSDOT review submissions.

PDF of stamped and signed Final 100% Contract Drawings, technical specifications, stamped/signed certification spec pages for bidding purposes.

PDF of construction observation reports following each site visit during construction.

PDF of punch lists, once construction is substantially complete.

SCHEDULE The following milestone schedule includes key dates on the award of a contract for, and performance of, the specified services. The ACAA reserves the right to modify the schedule. With regards to the design review and approval process, we understand that NYSDOT will review documents at 40%, 75% and 90% completion with a NYSDOT 5‐day review turnaround. We also understand that as the Design brings programming concepts and design drawings to the standing weekly design meetings, the ACAA will make approvals at these meetings in order to keep progress moving forward to meet schedule milestones. The Construction Manager will develop and update a CPM milesone schedule. With regards to submitting early and/or separate bid packages, the ACAA Board will schedule special Board meetings for approval.

Bid Packages: The Design team and Construction Manager anticipates that major bid packages shall include, but not limited to:

Site utilities relocation package

Piles, caps and foundations package

Precast components and structural concrete package (Critical Path, longest lead time)

General construction and MEP package Construction Schedule: The Design team and Construction Manager anticipates that work will advance in phases to complete the project on time.

The pile driving shall commence in December ’18 / January ‘19

The precast erection shall commence in April / May ‘19



All work shall be complete in March 2020.

PROFESSIONAL FEE CHA shall be compensated on a Lump Sum Fee of $2,100,000 (Two Million One Hundred Thousand Dollars). Below is a breakout of the project phases and associated fees. These fees reflect CHA’s engineering disciplines of site/civil, structural, mechanical, electrical, plumbing, fire protection, transportation, aviation and project management services, as well as our sub‐consultants, Desman Design Management and Bergmann Associates, Inc. Design Services Phase 75% $1,590,932

Bidding & Award Phase 5% $ 100,213

Construction Administration Phase 20% $ 408,855

Total Lump Sum Fee 100% $2,100,000

An invoice shall be billed at the end of each month according to work completed within each Design, Bid and Construction administration phase. Payments are due 30 days from the date of invoice. We trust this proposal meets with your satisfaction. Should you have any questions, please do not hesitate to contact Rich LaRose or me. Thank you for this opportunity to continue to build upon our working relationship, and we enthusiastically look forward to working with you and your staff on this exciting project!

Sincerely,

Richard M. Amadon, Jr., P.E.

Sr. Vice President

C-I-IA--


Purchase Order: Purchase of Fire Fighter Air-Paks and related components

AGENDA ITEM NO: 10.3 _ MEETING DATE: November 5, 2018


DEPARTMENT: Finance

Contact Person: William J. O’Reilly, Chief Financial Officer

PURPOSE OF REQUEST:

Purchase Order: Purchase of Fire Fighter Air-Paks and related components

CONTRACT AMOUNT:

Total Contract Amount: $ 111,420.00

BUDGET INFORMATION:

Anticipated in Current Budget: Yes √ No NA


Federal State Airport 100% __ NA ______ Funding Source: CPN 2290 Capital Equipment *

*Maybe reimbursed from available bond proceeds

JUSTIFICATION:

Authorization is requested to issue a purchase order to Dival Fire & EMS Supplies for Fire Fighter Air-Paks and related components for use by our ARFF Department. The OGS awarded contractor has extended an additional discount below the contracted pricing for the Airport. Both the OGS Pricing Quote and the additional discounted price quote are attached. All terms, conditions and warranties of the OGS Contract are the same for the discounted purchase price.


Recommend approval.

FINAL AGREEMENT SUBJECT TO APPROVAL BY COUNSEL: YES NA √ _

PROCUREMENT DEPARTMENT APPROVAL:

Procurement complies with Authority Procurement Guidelines and Chief Financial Officer has approved. Yes √ NA __

BACK-UP MATERIAL:

Quotes obtained from Purchasing Agent from the awarded NYS Contractor.


Date

Price Quotation 10/12/18

Prepared for:Albany Intl. Airport FD

Quotations are valid for 60 days from the above date.

Qty Item # Description Price Per Total

14 X3715022005304Scott X3 Pro 5.5 Snap Change with QD regulator and Pak-Tracker 2/box $5,795.00 ea $81,130.00

1 X3715022002303

Scott X3 Pro 5.5 Snap Change with QD regulator, Spare Harness and Pak-Tracker 1/box $6,350.00 ea $6,350.00

15 200970-01 45 min Snap Change 5.5 cylinder $1,235.00 ea $18,525.00

15 200970-01 45 min Snap Change 5.5 cylinder Spare N/C ea N/C19 201215-22 HT AV3000 Mask $285.00 ea $5,415.00

1 200266-04 Pak-Tracker HHR N/C ea N/C1 200433-02 Pak- Tracker Truck Charger N/C ea N/C

All Terms, Conditions and Warranties are the same as offered on State Contract

$111,420.00

Terms: Net 30 DaysDelivery: No ChargeLead Time: 60 days

Thank You!Matt Redick

1721 Niagara St. Buffalo NY 14207

Phone: 716-874-9060Toll Free: 800-343-1354

Fax: 716-874-4686

*


Request approval of the Fourteenth Supplemental Resolution to Authorize Authority staff to proceed

with a private negotiated sale Airport Revenue Refunding Bonds Series 2018 (“Series 2018 Bonds”) in

an amount not to exceed $25,000,000.

AGENDA ITEM NO: 10.4____ MEETING DATE: November 5, 2018


DEPARTMENT: Finance

Contact Person: William J. O’Reilly, Chief Financial Officer

PURPOSE OF REQUEST:

Request approval of the Fourteenth Supplemental Resolution to Authorize Authority staff to proceed with a private negotiated sale Airport Revenue Refunding Bonds Series 2018 (“Series 2018 Bonds”) in an amount not to exceed $25,000,000.

JUSTIFICATION:

The Series 2018 Bonds are being issued to provide funds for: a portion of the Local Share of funds required in the Upstate Airport Development & Revitalization Grant Agreement (NYS DOT PIN 1A00.97) ($14,150,000); other capital projects identified in the Authority’s 2015-2019 Five-Year Capital Plan ($8,850,000); fund the required bond reserve finds established with respect to the 2018 bonds (estimated at $1,450,000); and the costs of issuance and underwriter’s discount.

The Master Bond Resolution adopted by the Authority on January 6, 1997 prescribes the limitations on and the conditions for of issuance and form of any bonds issued by the Authority. The Fourteenth Supplemental Bond Resolution sets forth the procedures for the issuance of the Series 2018 Bonds to be sold at a Private Negotiated Sale pursuant to the Authorities Guidelines Establishing procedures for the Sale of the Authorities Bonds. The Authority approved the Sale of the Bonds by Private Negotiated Sale and the Plan of Finance at its October 18, 2018 meeting. The Authority Appointed the Underwriter bond Syndicate at its December 12, 2016 meeting led by Co-Senior RBC Capital Markets and Siebert Cisneros, Shank & Co., LLC. Roosevelt & Cross is included as Co-Manager. The Chief Financial Officer is authorized to take actions necessary to issue bonds and otherwise carry out the actions authorized in the resolution.


Recommend Approval

FINAL AGREEMENT SUBJECT TO APPROVAL BY COUNSEL: YES √

ATTACHED MATERIAL:

Fourteenth Supplemental Bond Resolution (for Board Action) and 2018 Certificate of Determination, with form of the Series 2018 bonds attached.


DRAFT FOR DISCUSSION PURPOSES ONLY DATED: OCTOBER 30, 2018

000161.00320 Business 17653080v2

______________________________________________________________________________


A RESOLUTION AUTHORIZING AND PROVIDING FOR THE ISSUANCE AND SALE OF ONE OR MORE SERIES OF AIRPORT REVENUE BONDS OF THE ALBANY COUNTY AIRPORT AUTHORITY IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $25,000,000 TO FINANCE CAPITAL PROJECTS AT OR ADJACENT TO THE EXISTING ALBANY INTERNATIONAL AIRPORT; APPROVING THE PLAN OF FINANCING FOR THE PROPOSED CAPITAL PROJECTS; AUTHORIZING THE DESIGNATED FINANCIAL OFFICER TO DETERMINE CERTAIN DETAILS OF THE AFORESAID SERIES OF BONDS; APPROVING THE PRELIMINARY OFFICIAL STATEMENT WITH RESPECT TO THE AFORESAID SERIES OF BONDS AND AUTHORIZING PREPARATION AND DISTRIBUTION OF AN OFFICIAL STATEMENT WITH RESPECT TO THE AFORESAID SERIES OF BONDS; AUTHORIZING THE PRIVATE NEGOTIATED SALE OF THE AFORESAID SERIES OF BONDS AND THE EXECUTION AND DELIVERY OF A BOND PURCHASE AGREEMENT IN CONNECTION WITH SUCH SALE; AUTHORIZING THE DESIGNATED FINANCIAL OFFICER TO APPROVE THE ACQUISITION FROM AN INSURER OF ONE OR MORE MUNICIPAL BOND NEW ISSUE INSURANCE POLICIES AND/OR BOND RESERVE FUND POLICIES AND AUTHORIZING THE EXECUTION AND DELIVERY OF ONE OR MORE INSURANCE AGREEMENTS BETWEEN THE AUTHORITY AND SAID INSURER RELATING TO SUCH POLICY OR POLICIES; APPROVING THE FORM OF CONTINUING DISCLOSURE UNDERTAKING WITH RESPECT TO THE AFORESAID SERIES OF BONDS; MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT TO THE AFORESAID SERIES OF BONDS; AND CERTAIN OTHER MATTERS RELATED THERETO.

_____________________________

Adopted November 5, 2018

______________________________ ______________________________________________________________________________

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TABLE OF CONTENTS Page

ARTICLE I

DEFINITIONS SECTION 1.1. Definitions ............................................................................................................. 1

ARTICLE II

APPROVAL OF THE PLAN OF FINANCE AND 2018 Projects; AUTHORIZATION OF THE SERIES 2018 BONDS

SECTION 2.1. Authorization and Approval of the Plan of Finance and 2018 Projects ................... SECTION 2.2. Authorization of the Series 2018 Bonds; Maturities and Interest Rates .................. SECTION 2.3. Redemption of Series 2018 Bonds ........................................................................... SECTION 2.4. Notice of Redemption of Series 2018 Bonds ........................................................... SECTION 2.5. Designation of Registrar and Paying Agent for the Series 2018 Bonds;

Execution and Authentication of the Series 2018 Bonds; Payment of Principal, Interest and Premium of Series 2018 Bonds ...........................................

SECTION 2.6. Book-Entry System ..................................................................................................

ARTICLE III

CREATION OF CERTAIN ACCOUNTS; DISBURSEMENT OF PROCEEDS

SECTION 3.1. Interest Account for the Series 2018 Bonds ............................................................ SECTION 3.2. Serial Bond Principal Account for the Series 2018 Bonds ...................................... SECTION 3.3. Term Bond Principal Account for the Series 2018 Bonds ....................................... SECTION 3.4. Bond Reserve Account for the Series 2018 Bonds .................................................. SECTION 3.5. Construction Account for the Series 2018 Bonds .................................................... SECTION 3.6. Construction Interest Account for the Series 2018 Bonds ....................................... SECTION 3.7. Disposition of Proceeds of Series 2018 Bonds ........................................................

ARTICLE IV

FORM OF SERIES 2018 BONDS SECTION 4.1. Form of Series 2018 Bonds .....................................................................................

ARTICLE V

CERTIFICATE OF DETERMINATION SECTION 5.1. Delegation of Authority ...........................................................................................

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ARTICLE VI

APPROVAL OF SALE AND DOCUMENTS; OTHER MATTERS

SECTION 6.1. Sale of Series 2018 Bonds ....................................................................................... SECTION 6.2. Execution and Delivery of Agreements; Continuing Disclosure ............................. SECTION 6.3. Special Covenants with Respect to Federal Tax Status of

Series 2018 Bonds ................................................................................................... SECTION 6.4. Special Covenants with Respect to Passenger Facility Charges .............................. SECTION 6.5. Findings and Determinations ................................................................................... SECTION 6.6. Laws Governing; Severability ................................................................................. SECTION 6.7. Section Headings; Table of Contents ....................................................................... SECTION 6.8. Effective Date of This Fourteenth Supplemental Resolution ..................................

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A RESOLUTION AUTHORIZING AND PROVIDING FOR THE ISSUANCE AND SALE OF ONE OR MORE SERIES OF AIRPORT REVENUE BONDS OF THE ALBANY COUNTY AIRPORT AUTHORITY IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $25,000,000 TO FINANCE CAPITAL PROJECTS AT OR ADJACENT TO THE EXISTING ALBANY INTERNATIONAL AIRPORT; APPROVING THE PLAN OF FINANCING FOR THE PROPOSED CAPITAL PROJECTS; AUTHORIZING THE DESIGNATED FINANCIAL OFFICER TO DETERMINE CERTAIN DETAILS OF THE AFORESAID SERIES OF BONDS; APPROVING THE PRELIMINARY OFFICIAL STATEMENT WITH RESPECT TO THE AFORESAID SERIES OF BONDS AND AUTHORIZING PREPARATION AND DISTRIBUTION OF AN OFFICIAL STATEMENT WITH RESPECT TO THE AFORESAID SERIES OF BONDS; AUTHORIZING THE PRIVATE NEGOTIATED SALE OF THE AFORESAID SERIES OF BONDS AND THE EXECUTION AND DELIVERY OF A BOND PURCHASE AGREEMENT IN CONNECTION WITH SUCH SALE; AUTHORIZING THE DESIGNATED FINANCIAL OFFICER TO APPROVE THE ACQUISITION FROM AN INSURER OF ONE OR MORE MUNICIPAL BOND NEW ISSUE INSURANCE POLICIES AND/OR BOND RESERVE FUND POLICIES AND AUTHORIZING THE EXECUTION AND DELIVERY OF ONE OR MORE INSURANCE AGREEMENTS BETWEEN THE AUTHORITY AND SAID INSURER RELATING TO SUCH POLICY OR POLICIES; APPROVING THE FORM OF CONTINUING DISCLOSURE UNDERTAKING WITH RESPECT TO THE AFORESAID SERIES OF BONDS; MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT TO THE AFORESAID SERIES OF BONDS; AND CERTAIN OTHER MATTERS RELATED THERETO.

BE IT RESOLVED BY THE MEMBERS OF THE ALBANY COUNTY AIRPORT AUTHORITY:

ARTICLE I

DEFINITIONS

SECTION 1.1 Definitions. Unless the context shall clearly indicate some other meaning, the terms used in this Fourteenth Supplemental Resolution (including, without limitation, the next paragraph hereof) which are defined in the resolution adopted by the Authority on January 6, 1997 entitled “A RESOLUTION AUTHORIZING THE ISSUANCE OF AIRPORT REVENUE BONDS OF THE ALBANY COUNTY AIRPORT AUTHORITY; PRESCRIBING THE LIMITATIONS ON AND THE CONDITIONS OF ISSUANCE AND THE FORM OF SUCH BONDS; PROVIDING FOR THE DETAILS OF SUCH BONDS; COVENANTING AS TO THE REVENUES, INCOME AND CHARGES OF SAID AUTHORITY AND THE USE AND APPLICATION OF SUCH REVENUES, INCOME AND CHARGES; PLEDGING SUCH REVENUES, INCOME AND CHARGES TO THE PAYMENT OF THE PRINCIPAL OF, PREMIUM, IF ANY, AND INTEREST ON SUCH BONDS AND LIMITING SUCH PAYMENT SOLELY TO SUCH REVENUES, INCOME AND CHARGES; AND MAKING OTHER COVENANTS AND AGREEMENTS IN CONNECTION WITH THE FOREGOING” (said resolution, and unless the context shall clearly indicate otherwise, all amendments

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and supplements thereto being defined therein as the “Resolution”), shall have the meanings given to them in the Resolution.

Unless the context shall clearly indicate some other meaning, the following terms shall, for all

purposes of the Resolution and of any Supplemental Resolution (including for all purposes of this Fourteenth Supplemental Resolution) and for all purposes of any certificate, opinion, instrument or other document therein or herein mentioned, have the following meanings, with the following definitions to be equally applicable to both the singular and plural forms of such terms and vice versa:

“Authorized Officer” shall mean the chief executive officer, the chief financial officer, the chairman or the treasurer of the Authority.

“Bond Insurance Commitment”, with respect to the Series 2018 Bonds, shall mean, if applicable, one or more commitments of the Insurance Company to issue one or more municipal bond new issue insurance policies guaranteeing the scheduled payment of principal of and interest on the Series 2018 Bonds.

“Bond Insurance Policy”, with respect to the Series 2018 Bonds, shall mean, if applicable, one or more municipal bond new issue insurance policies issued by the Insurance Company guaranteeing the scheduled payment of principal of and interest on the Series 2018 Bonds.

“Bond Reserve Fund Requirement” with respect to the Series 2018 Bonds, shall mean the amount, if any, specified in the Certificate of Determination.

“Certificate of Determination” with respect to the Series 2018 Bonds, shall mean a certificate signed by the Designated Financial Officer upon the sale of the Series 2018 Bonds setting forth matters to be therein determined pursuant to this Fourteenth Supplemental Resolution. The Certificate of Determination shall be deemed to be incorporated in or be a part of this Fourteenth Supplemental Resolution.

“DTC” shall mean The Depository Trust Company and its successors and assigns or any other

securities depository, its successors and assigns. “Fourteenth Supplemental Resolution” shall mean this supplemental resolution. “Guidelines” means the Authority’s “Guidelines Establishing Procedures for the Selection of

Underwriters; For the Sale of the Authority’s Bonds and Certain Other Matters” governing the terms and conditions of any public or private sale of Authority bonds, adopted by the Authority in accordance with the Act on August 7, 1995.

“Insurance Company”, with respect to the Series 2018 Bonds, shall mean, if applicable, the

issuer of the Bond Insurance Policy selected by the Authority, or any successor thereto or assignee thereof.

“Interest Payment Dates” shall mean, with respect to the Series 2018 Bonds, the dates determined by the Designated Financial Officer and set forth in the Certificate of Determination.

“Plan of Financing” shall mean the plan presented to the members of the Authority by the

Designated Financial Officer and the financial advisor of the Authority at the meeting at which this Fourteenth Supplemental Resolution is adopted.

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“Record Date” with respect to each Series 2018 Bond, shall mean such date or dates established

as the Record Date for the Series 2018 Bonds in the Certificate of Determination. “Registrar and Paying Agent” shall mean the Authority. “Series 2018 Bonds” shall mean any Series of Bonds issued pursuant to the authorization

contained in this Fourteenth Supplemental Resolution. “2018 Projects” shall mean the various capital improvements to be financed with the proceeds of

the Series 2018 Bonds, including the undertaking of the following: (a) construction of a parking garage facility, (b) acquisition and installation of various machinery and equipment, and (c) improvements to portions of the terminal area involving the construction and reconstruction of the passenger loading bridges, including but not limited to related professional planning, consultants, architects and engineers, construction management, and inspection services, as more fully described in the Official Statement relating to the Series 2018 Bonds.

“Underwriter” means RBC Capital Markets, LLC, as representative of the Underwriters. “Underwriters” means, collectively, RBC Capital Markets, LLC, Roosevelt & Cross

Incorporated and Siebert Cisneros Shank & Co., LLC.

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ARTICLE II

APPROVAL OF THE PLAN OF FINANCE AND 2018 Projects; AUTHORIZATION OF THE SERIES 2018 BONDS

SECTION 2.1. Authorization and Approval of the Plan of Finance and 2018 Projects.

(A) The Plan of Financing presented to the meeting of the members of the Authority at the meeting which this Fourteenth Supplemental Resolution is adopted is hereby ratified, validated, confirmed, and approved.

(B) In accordance with the Plan of Financing, the Authority hereby ratifies, validates,

confirms, and approves the undertaking of the 2018 Projects.

SECTION 2.2. Authorization of the Series 2018 Bonds; Maturities and Interest Rates. (A) There is hereby authorized to be issued and there shall be issued one or more Series of Bonds not to exceed $25,000,000 for the purposes of paying a portion of the cost of the 2018 Projects. Such Bonds shall be entitled to the benefit, protection, and security of the Resolution and designated “Albany County Airport Authority Airport Revenue Bonds” (the “Series 2018 Bonds”), with such additional identification designation or designations added as provided by the Designated Financial Officer in the Certificate of Determination.

(B) The Series 2018 Bonds may consist of Bonds issued in the form customarily called “Serial Bonds,” Bonds issued in the form customarily called “Term Bonds,” or any combination of Serial Bonds and Term Bonds, and the principal amount of Serial Bonds, if any, and Term Bonds, if any, shall be determined by the Designated Financial Officer and set forth in the Certificate of Determination.

(C) The Series 2018 Bonds shall be dated as of the date of delivery and shall mature on the date or dates in each year and in the principal amounts as determined by the Designated Financial Officer and set forth in the Certificate of Determination.

(D) Nothing in this paragraph or in any other section of this Fourteenth Supplemental Resolution shall be construed to require the use of Term Bonds or Serial Bonds or current interest paying bonds, but may include such a combination of such Bonds as determined by the Designated Financial Officer and provided in the Certificate of Determination.

(E) Series 2018 Bonds shall be numbered consecutively from 2018A-R-1 upwards as issued or as otherwise provided by the Registrar and Paying Agent for the Series 2018 Bonds. In the event it is determined that the Series 2018 Bonds shall be in more than one Series, the Designated Financial Officer may provide a unique numbering and lettering for each Series as determined in the Certificate of Determination.

SECTION 2.3. Redemption of Series 2018 Bonds. Optional Redemption. At the option of the Authority, the Series 2018 Bonds shall be subject to redemption prior to the stated maturity if, to the extent, and on the terms and conditions and at the price or prices determined by the Designated Financial Officer and provided in the Official Statement and the Certificate of Determination.

Mandatory Redemption. In the event Series 2018 Bonds shall be issued in the form customarily called Term Bonds, the Series 2018 Bonds constituting Term Bonds shall be subject to redemption in accordance with mandatory sinking fund installments as provided in Section 2.2 hereof at a redemption price equal to the principal amount thereof, together with interest accrued to the date of redemption, in

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000161.00320 Business 17653080v2

such principal amounts and on such dates as are determined by the Designated Financial Officer and provided in the Certificate of Determination. In order to provide for the retirement of such Series 2018 Bonds issued in the form customarily called Term Bonds, there shall be accumulated in the Bond Fund and credited to the Term Bond Principal Account, 2018, created in Section 3.3 hereof, amounts sufficient to retire such Series 2018 Bond. Nothing in this section shall prohibit the application of moneys on deposit in the Bond Fund and on credit to the Term Bond Principal Account, 2018 herein, if so determined by the Authority semi-annually on both a due date and the day six (6) months prior to such due date as provided in Section 4.03 of the Resolution. Purchase in Lieu of Mandatory Redemption. In the event Series 2018 Bonds shall be issued in the form customarily called Term Bonds and the Term Bonds are subject to redemption in accordance with mandatory sinking fund installments as provided in Section 2.2 hereof, such Term Bonds shall be subject to purchase in lieu of mandatory redemption at a purchase price equal to the principal amount thereof, together with interest accrued to the date of redemption, in such principal amounts and on such dates as are determined by the Designated Financial Officer and provided in the Certificate of Determination.

SECTION 2.4. Notice of Redemption of Series 2018 Bonds. Supplemental to Section 2.10(3) of the Resolution, notice of redemption of the Series 2018 Bonds shall be given at the times and in the manner determined by the Designated Financial Officer and provided in the Certificate of Determination. If at the time of the giving of any notice of optional or mandatory redemption there shall not be on deposit with the Paying Agent moneys sufficient to redeem all the Series 2018 Bonds called for redemption, the notice of redemption shall state that the redemption of such Series 2018 Bonds is conditional and subject to deposit of moneys with the Paying Agent sufficient to redeem all such Series 2018 Bonds not later than the opening of business on the redemption date, and that such notice shall be of no effect with respect to any of such Series 2018 Bonds for which moneys are not on deposit. If the amount on deposit with the Paying Agent, or otherwise available, is insufficient to pay the redemption price and accrued interest on the Series 2018 Bonds called for redemption on such date, the Paying Agent shall redeem and pay on such date an amount of such Series 2018 Bonds for which such moneys or other available funds are sufficient, selecting the maturities of Series 2018 Bonds to be redeemed and Series 2018 Bonds within a maturity to be redeemed by lot. The Series 2018 Bonds not redeemed would remain outstanding at their current interest rate or rates until maturity or a subsequent redemption.

SECTION 2.5. Designation of Registrar and Paying Agent for the Series 2018 Bonds; Execution and Authentication of Series 2018 Bonds; Payment of Principal, Interest and Premium of Series 2018 Bonds. The Authority shall be and is hereby designated to be Registrar and Paying Agent for the Series 2018 Bonds. The Authority reserves the right to designate a substitute or additional Registrar and Paying Agent for the Series 2018 Bonds in its sole discretion.

The Series 2018 Bonds shall be executed in the name of the Authority by the manual or facsimile signature of the Chairman or Vice Chairman of the Authority and attested by the manual or facsimile signature of the Secretary of the Authority, or in such manner as may be required or permitted by law.

As provided in Section 2.12 of the Resolution, since the Authority is designated to be Registrar and Paying Agent for the Series 2018 Bonds no certificate of authentication for the Series 2018 Bonds shall be required.

The Series 2018 Bonds shall be issuable as fully registered Series 2018 Bonds without coupons in the denomination of $5,000 or any integral multiple thereof except as it may be necessary to effect the aggregate principal amount of maturity of any series of the Series 2018 Bonds which is not dividable by $5,000. The Series 2018 Bonds shall be payable as to interest, principal and premium, if any, in any coin

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000161.00320 Business 17653080v2

or currency of the United States of America that at the time of payment thereof is legal tender for public and private debts. Principal of and premium, if any, on any Series 2018 Bond shall be payable only upon the presentation and surrender of the Series 2018 Bond to the Registrar and Paying Agent at its principal office. Each Series 2018 Bond shall bear interest from the Interest Payment Date next preceding the date of execution by the Authority thereof to which interest has been paid, unless (1) the date of execution is prior to the first Interest Payment Date for such Series 2018 Bond, in which event such Series 2018 Bond shall bear interest from the date of such Series 2018 Bond, or unless (2) the date of execution is an Interest Payment Date to which interest has been paid, in which event such Series 2018 Bond shall bear interest from the date of execution, or unless (3) the date of execution is between the Record Date and the next Interest Payment Date in which event such Series 2018 Bond shall bear interest from the next Interest Payment Date for such Series 2018 Bonds, or as otherwise provided in the Series 2018 Bonds. Interest on all Series 2018 Bonds shall be paid on each Interest Payment Date by the Registrar and Paying Agent by check or draft mailed to the registered holder at his address as it appears on the books of registry kept pursuant to the Resolution as of the close of business on the Record Date.

SECTION 2.6. Book-Entry System. The Series 2018 Bonds when initially issued shall be registered in the name of Cede & Co., as nominee of DTC. So long as DTC or its nominee is the registered owner of Series 2018 Bonds, individual purchases of beneficial ownership interests in such Series 2018 Bonds may be made only in book-entry form by or through DTC participants, and purchasers of such beneficial ownership interest in Series 2018 Bonds will not receive physical delivery of bond certificates representing the beneficial ownership interests purchased.

So long as DTC or its nominee is the registered owner of Series 2018 Bonds, payments of principal of and premium, if any, and interest on such Series 2018 Bonds will be made by wire transfer to DTC or its nominee, or otherwise as may be agreed upon by Authority and DTC; DTC or its nominee will, in turn, remit such payments to the DTC participants for subsequent disbursal to the beneficial owners of such Series 2018 Bonds. Transfers of principal, premium, if any, and interest payments to DTC participants will be the responsibility of DTC. Transfers of such payments to beneficial owners of Series 2018 Bonds by DTC participants will be the responsibility of such participants and other nominees of such beneficial owners. Transfers of beneficial ownership interests in the Series 2018 Bonds will be accomplished by book entries made by DTC and, in turn, by the DTC participants and other nominees of the beneficial owners of the Series 2018 Bonds.

So long as DTC or its nominee is the registered owner of Series 2018 Bonds, the Authority shall send to DTC notice of redemption of such Series 2018 Bonds and any other notice required to be given to registered owners of Series 2018 Bonds pursuant to the Resolution, in the manner and at the times prescribed by the Resolution, except as may be agreed upon by the Authority and DTC.

The Authority shall have no responsibility or obligation to the DTC participants, beneficial owners or other nominees of such beneficial owners for (1) sending transaction statements; (2) maintaining, supervising or reviewing, or the accuracy of, any records maintained by DTC or any DTC participant or other nominees of such beneficial owners; (3) payment or the timeliness of payment by DTC to any DTC participant, or by any DTC participant or other nominees of beneficial owners to any beneficial owner, of any amount due in respect of the principal of or redemption premium, if any, or interest on Series 2018 Bonds; (4) delivery or timely delivery by DTC to any DTC participant, or by any DTC participant or other nominees of beneficial owners to any beneficial owners, of any notice (including notice of redemption) or other communication which is required or permitted under the terms of the Resolution to be given to holders or owners of Series 2018 Bonds; (5) the selection of the beneficial owners to receive payment in the event of any partial redemption of Series 2018 Bonds; or (6) any action taken by DTC or its nominee as the registered owner of the Series 2018 Bonds.

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The Authority shall issue certificates (the “Replacement Bonds”) directly to the beneficial owners

of the Series 2018 Bonds or their nominees, in the event that DTC determines to discontinue providing its services with respect to the Series 2018 Bonds at any time by giving notice to the Authority, and the Authority fails to locate another qualified securities depository to replace DTC. In addition, the Authority shall also issue Replacement Bonds directly to the beneficial owners of the Series 2018 Bonds or their nominees, in the event the Authority discontinues use of DTC at any time upon determination by the Authority, in its sole discretion and without the consent of any other person, in a manner such that beneficial owners of the Series 2018 Bonds shall be able to obtain certificated Series 2018 Bonds.

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ARTICLE III

CREATION OF CERTAIN ACCOUNTS;

DISBURSEMENT OF PROCEEDS

SECTION 3.1. Interest Account for the Series 2018 Bonds. There is created and established a separate account in the Bond Fund with respect to the Series 2018 Bonds to be known as the “Interest Account, 2018” with such additional designation as provided in the Certificate of Determination. In order to provide for the payment of interest on the Series 2018 Bonds, there shall be credited to the Interest Account, 2018, from the moneys, in the amounts and at the times required by Sections 4.01 and 4.02 of the Resolution.

SECTION 3.2. Serial Bond Principal Account for the Series 2018 Bonds. There is hereby created and established a separate account in the Bond Fund with respect to the Series 2018 Bonds to be known as the “Serial Bond Principal Account, 2018” with such additional designation as provided in the Certificate of Determination. In order to provide for the payment of principal on the Series 2018 Bonds issued in the form customarily called “Serial Bonds”, there shall be credited to the Serial Bond Principal Account, 2018, from the moneys, in the amounts and at the times required by Sections 4.01 and 4.02 of the Resolution.

SECTION 3.3. Term Bond Principal Account for the Series 2018 Bonds. There is hereby created and established a separate account in the Bond Fund with respect to the Series 2018 Bonds to be known as the “Term Bond Principal Account, 2018” with such additional designation as provided in the Certificate of Determination. In order to provide for the payment of principal on the Series 2018 Bonds issued in the form customarily called “Term Bonds”, there shall be credited to the Term Bond Principal Account, 2018, from the moneys, in the amounts and at the times required by Sections 4.01 and 4.02 of the Resolution.

SECTION 3.4. Bond Reserve Account for the Series 2018 Bonds. (A) There is hereby created and established a separate account in the Bond Reserve Fund with respect to the Series 2018 Bonds to be known as the “Bond Reserve Account, 2018” with such additional designation as provided in the Certificate of Determination. The amount thereof shall be determined by the Designated Financial Officer and set forth in the Certificate of Determination.

(B) The moneys on credit to the Bond Reserve Account, 2018, shall constitute a reserve for the payment of the principal of and interest and premium, if any, on the Series 2018 Bonds. Subject to the remaining provisions of this paragraph with respect to the credits to be made to the Bond Reserve Account, 2018 (a) the moneys on credit to the Bond Reserve Account, 2018, or a surety bond, insurance policy or letter of credit as permitted by Section 4.04 of the Resolution, shall always be maintained at an amount at least equal to the Bond Reserve Fund Requirement for the Series 2018 Bonds in any Fiscal Year; (b) if at any time the moneys on credit to the Bond Reserve Account, 2018 are less than the Bond Reserve Fund Requirement for the Series 2018 Bonds in any Fiscal Year the amount of the deficiency shall be restored as provided in Section 4.04 of the Resolution; and (c) if at any time and for so long as the moneys on credit to the Bond Reserve Account, 2018 are at least equal to the Bond Reserve Fund Requirement for the Series 2018 Bonds in any Fiscal Year, no further credits shall be made to this Account, and any amounts in excess of the Bond Reserve Fund Requirement for such Series 2018 Bonds in any Fiscal Year shall be applied as provided in the Resolution.

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(C) Nothing contained in this section shall prohibit the use of a surety bond, insurance policy, or letter of credit in an amount equal to, or a portion of, the Bond Reserve Fund Requirement for the Series 2018 Bonds as permitted by the Resolution.

SECTION 3.5. Construction Account for Series 2018 Bonds. (A) There is hereby created and established a separate account in the Construction Fund with respect to the Series 2018 Bonds to be known as the “Construction Account, 2018” with such additional designation as provided in the Certificate of Determination.

(B) There shall be credited to the Construction Account, 2018, the proceeds of the Series 2018

Bonds to be applied solely to the Project Costs of the 2018 Project and certain issuance expenses for the Series 2018 Bonds.

(C) The amount of proceeds of the Series 2018 Bonds to be credited to the particular

Construction Account shall be determined by the Designated Financial Officer and set forth in the Certificate of Determination.

SECTION 3.6. Construction Interest Account for Series 2018 Bonds. (A) There is hereby created and established a separate account in the Construction Fund with respect to the Series 2018 Bonds to be known as the “Construction Interest Account, 2018” (with such additional designation as provided in the Certificate of Determination).

(B) There shall be credited to the Construction Interest Account, 2018, the amount of interest

on the Series 2018 Bonds to be provided from the proceeds of the Series 2018 Bonds. (C) The amount of proceeds of the Series 2018 Bonds to be credited to the particular

Construction Interest Account shall be determined by the Designated Financial Officer and set forth in the Certificate of Determination.

SECTION 3.7. Disposition of Proceeds of Series 2018 Bonds. The Designated Financial Officer shall designate in the Certificate of Determination the application of the proceeds of the Series 2018 Bonds and the application of other legally available moneys, including the payment of all required insurance premiums, if applicable, and the credits to the Construction Accounts.

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ARTICLE IV

FORM OF SERIES 2018 BONDS

SECTION 4.1. Form of Series 2018 Bonds. The form of Series 2018 Bonds, the form of certificate of authentication thereof, if applicable, the form of endorsement thereon and the form of assignment pertaining thereto, shall be substantially in the form appended to or included in the Certificate of Determination, with such necessary or appropriate variations, omissions and deletions therefrom and insertions therein as are incidental to their Series, numbers, denominations, maturities, interest rate or rates, paying agencies, privileges of registration, redemption provisions and other details thereof or as otherwise permitted or required by law or by the Resolution.

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ARTICLE V

CERTIFICATE OF DETERMINATION

SECTION 5.1. Delegation of Authority. (A) There is hereby delegated to the Designated Financial Officer, subject to the limitations contained herein, the power to determine and effectuate the following with respect to the Series 2018 Bonds:

(1) the aggregate principal amount of the Series 2018 Bonds to be issued, together with the principal amount of each Series of the Series 2018 Bonds;

(2) the dated date or dates, maturity date or dates and principal amount of each

maturity of the Series 2018 Bonds, the initial Interest Payment Date or dates of the Series 2018 Bonds, the date or dates from which the Series 2018 Bonds shall bear interest, and the identification designation for the Series 2018 Bonds;

(3) the interest rate or rates of the Series 2018 Bonds; provided, however, that the

interest rate or rates to be borne by the Series 2018 Bonds shall not exceed a true interest cost in excess of the maximum rate per annum permitted by law;

(4) the amount, if any, of the Bond Reserve Account, 2018;

(5) the application of the proceeds of the Series 2018 Bonds;

(6) the Series 2018 Bonds to be retired from Sinking Fund Installments and the dates

and the amounts thereof;

(7) the redemption and any purchase in lieu of redemption provisions of the Series 2018 Bonds;

(8) the numbering or other identification of the Series 2018 Bonds;

(9) the definitive form of the Series 2018 Bonds, and form of assignment thereon;

(10) the establishment of such funds, accounts and sub accounts as required by the Resolution and deemed necessary;

(11) matters relating to the Bond Insurance Policy, including, but not limited to, the

determination to obtain a Bond Insurance Policy and the negotiation of the terms of the Bond Insurance Policy;

(12) confirmation and ratification of the findings and determinations in Article VI and

the certification required in Section 2.2 hereof; and

(13) any other provisions deemed advisable by the Designated Financial Officer and not materially in conflict with the provisions of this Fourteenth Supplemental Resolution or of the Resolution including without limitation, the Interest Payment Dates and the Record Dates.

The Designated Financial Officer shall execute, one or more certificates evidencing

determinations or other actions taken pursuant to the authority granted herein, executed copies of which,

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or copies of which, certified by the Designated Financial Officer, shall be filed in the official records of the Board. Each such certificate shall be deemed a Certificate of Determination and shall be conclusive evidence of the action or determination of such officer as to the matters stated therein. The provisions of each Certificate of Determination shall be deemed to be incorporated in and be a part of this Fourteenth Supplemental Resolution.

(B) There is hereby delegated to the Designated Financial Officer and each of the other Authorized Officers, subject to the limitations contained herein, the power to enter into the following agreements and/or execute the following documents and certificates on behalf of the Board with respect to each Series of the Series 2018 Bonds in such forms as he deems appropriate, which documents and certificates are hereby authorized and approved:

(1) the Bond Insurance Commitment, if applicable;

(2) the Tax Certificate;

(3) the Bond Purchase Agreement;

(4) the Continuing Disclosure Undertaking; and

(5) such other agreements, documents, and certificates as shall be necessary or proper related to a Series of the Series 2018 Bonds and the delivery thereof.

The execution by an Authorized Officer of any agreement, certificate, or document executed

pursuant to this Section 5.1 shall be conclusive evidence of the determination and agreement of the terms and provisions thereto or therein. Any agreements, certificates, and documents executed pursuant to this Section 5.1 are hereby ratified, validated, confirmed, and approved.

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ARTICLE VI

APPROVAL OF SALE AND DOCUMENTS; OTHER MATTERS

SECTION 6.1. Sale of Series 2018 Bonds. The members of the Authority hereby find and

determine that the Series 2018 Bonds shall be sold pursuant to a Private Negotiated Sale in accordance with the terms and provisions of Section 2785 of the Act and the Guidelines. The Authority hereby authorizes the Chairman of the Authority or the Chief Financial Officer of the Authority to authorize the sale of the Series 2018 Bonds, for and on behalf of the Authority, in substantially the form approved by the members of the Authority concurrently with the adoption of this Fourteenth Supplemental Resolution.

The Series 2018 Bonds authorized to be issued, executed, sold and delivered pursuant to this Section 6.1 shall (1) be issued, executed and delivered at such time as the Chairman of the Authority or the Chief Financial Officer of the Authority shall determine, and (2) bear interest at the rate or rates, be issued in such form, be subject to redemption prior to maturity and have such other terms and provisions and be issued in such manner and on such conditions as are set forth in the Series 2018 Bonds, this Fourteenth Supplemental Resolution and the Official Statement, which terms are specifically incorporated herein by reference with the same force and effect as if fully set forth in this Fourteenth Supplemental Resolution.

The draft of the Preliminary Official Statement, setting forth certain information with respect to

the Series 2018 Bonds, presented to the Board at the meeting at which this resolution is adopted is authorized to be finalized and the Chairman of the Authority or Chief Financial Officer may make such modifications in the Preliminary Official Statement prior to the printing of definitive copies thereof as such officers, upon the advice of counsel to the Authority, deem appropriate and the Authority is further authorized to deliver definitive copies thereof to the Underwriter for distribution of the same to prospective investors in and purchasers of the Series 2018 Bonds.

Upon the completion of the sale of the Series 2018 Bonds by the Underwriter and the execution and delivery of the Bond Purchase Agreement, the Chairman of the Authority, the Chief Financial Officer and staff of the Authority are hereby authorized and directed to prepare and finalize and an Authorized Officer is authorized to execute copies of the final Official Statement, for and on behalf of the Authority and to deliver the same, or cause the same to be delivered, to the Underwriter. The Chairman of the Authority or Chief Financial Officer may make such modifications in the Official Statement prior to the printing of definitive copies as such officers, upon the advice of counsel to the Authority, deem appropriate and an Authorized Officer shall execute and deliver definitive copies thereof to the Underwriter. The execution and delivery of any official statement relating to the Series 2018 Bonds shall be evidence of the approval of the definitive Official Statement. The Authority hereby authorizes said definitive Official Statement, together with the appendices thereto and the information contained therein, to be used in connection with the offering and sale of the Series 2018 Bonds.

Copies of the said Preliminary Official Statement and form of Official Statement shall be filed with the minutes of the meeting at which this Fourteenth Supplemental Resolution is adopted.

SECTION 6.2. Execution and Delivery of Agreements; Continuing Disclosure. Each of the Authorized Officers, individually, is hereby authorized for and on behalf of the Authority to execute and deliver such further documents and agreements, including any tax agreement intended to ensure compliance with the tax covenants of the Authority or take any and all such further action as upon the advice of counsel to the Authority that (a) he or they shall deem necessary or desirable in order to

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effectuate the issuance, delivery and payment of the Series 2018 Bonds in accordance with the terms of the Resolution and this Fourteenth Supplemental Resolution, or (b) may be reasonably required on the part of the Authority to carry out, give effect to and consummate the transactions contemplated hereby and by the documents referred to therein or herein or approved thereby or hereby. In addition, the Designated Financial Officer is authorized to prepare and execute the Certificate of Determination pursuant to Article V hereof.

A Continuing Disclosure Undertaking by the Authority, in substantially the form of the draft thereof presented at the meeting at which this Fourteenth Supplemental Resolution is adopted and to be dated the date of initial delivery of the Bonds, is hereby authorized to be executed and delivered by an Authorized Officer. The Authority covenants with the holders from time to time of the Series 2018 Bonds that it will, and hereby authorizes the appropriate officers and employees of the Authority to take all action necessary or appropriate to, comply with, and carry out all of the provisions of the Continuing Disclosure Undertaking as amended from time to time. Notwithstanding any other provision of the Resolution, failure of the Authority or the Trustee to perform in accordance with the Continuing Disclosure Undertaking shall not constitute a default or an Event of Default under the Resolution, and the rights and remedies provided by the Resolution upon the occurrence of such a default or an Event of Default shall not apply to any such failure, but the Continuing Disclosure Undertaking may be enforced only as provided therein.

SECTION 6.3. Special Covenants with Respect to Federal Tax Status of Series 2018 Bonds. So long as any of the Series 2018 Bonds shall be Outstanding, the Authority shall comply with all applicable provisions of Sections 103 and 141-150 of the Internal Revenue Code of 1986, as amended and all applicable regulations of the Internal Revenue Service proposed and promulgated thereunder.

SECTION 6.4. Special Covenants with Respect to Passenger Facility Charges. The Authority hereby covenants with respect to PFC Revenues (1) that the Authority will take all action reasonably necessary to cause the collection and remittance to the Authority of all PFC Revenues required by Federal law to be so collected and remitted; and (2) to apply to payments of principal and interest on the Series 2010 Bonds, during the six-year period reflected in the Report of the Airport Consultant as published in the final Official Statement, by irrevocably depositing in a segregated subaccount the lesser of (a) the total amount of PFC Revenues collected and remitted to the Authority or (b) the amount of PFC Revenues to be used for the Series 2010 Bonds, as shown in the Report of the Airport Consultant as published in the final Official Statement.

SECTION 6.5. Findings and Determinations. The Authority hereby finds, determines and

declares: (a) the Series 1997A Bonds, the Series 1998B Bonds, the Series 1998C Bonds, the Series 1999A Bonds, the Series 2000A Bonds, the Series 2000B Bonds, the Series 2003A Bonds, the Series 2004 Bonds, the Series 2006A Bonds, the Series 2006B Bonds, the Series 2006C Bonds, the Series 2008A Bonds, the Series 2010A Bonds, the Series 2010B Bonds, the Series 2017A Bonds, and the Series 2017B Bonds are the only Series of Bonds issued under the Resolution; (b) the Series 2018 Bonds are issued under the authorization of Section 2.02 of the Resolution; (c) the Airport Consultant has delivered a report satisfying the requirements of Section 2.02(2)(ii) of the Resolution, (d) the Series 2018 Bonds shall be sold by means of a Private Negotiated Sale, as such term is defined in the Authority’s Guidelines, and the Authority accepts and endorses the written recommendation of the Chairman of the Authority regarding the determination to sell the Series 2018 Bonds pursuant to a Private Negotiated Sale, and further finds and determines, in accordance with, the Guidelines, that it is in the best interests of the Authority to sell, and the interests of the Authority will be best served by a sale of, the Series 2018 Bonds by means of a Private Negotiated Sale, and further ratifies and confirms all action taken by the Authority and Authority staff with respect to the sale of the Series 2018 Bonds by means of a Private Negotiated Sale; (e) the

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requirements contained in Section 2875 of the Act relating to the sale of the Series 2018 Bonds will be satisfied by the date of issuance of the Series 2018 Bonds, and (f) all provisions and conditions of the Resolution and of other applicable law have been complied with in the issuance under the Resolution of the Series 2018 Bonds.

For purposes of the preceding paragraph, all capitalized terms not previously defined in this Fourteenth Supplemental Resolution shall have the meanings given them in the Guidelines and the Act.

The Board hereby further finds, determines and declares that this Fourteenth Supplemental Resolution (1) supplements the Resolution; (2) constitutes and is a “Supplemental Resolution” within the meaning of the quoted words as defined and used in the Resolution; and (3) is adopted pursuant to and under the authority of the Resolution.

The Board hereby further finds, determines and declares that the Series 2018 Bonds are to be issued under the Resolution and to constitute and be “Bonds” within the meaning of the quoted word as defined and used in the Resolution. As more fully set forth in the Resolution, the Series 2018 Bonds: (i) shall be entitled to the benefits, security and protection of the Resolution, equally and ratably with one another and with any other Bonds hereafter issued thereunder; (ii) shall be payable as provided in the Resolution solely from Net Revenues on a parity with one another and with all Bonds hereafter issued under the Resolution; and (iii) shall be equally and ratably secured under the Resolution with one another and with all Bonds hereafter issued thereunder, without priority by reason of series, number, date of adoption of this Fourteenth Supplemental Resolution providing for the issuance thereof, date of Bonds, date of sale, date of execution, date of issuance, date of delivery, or otherwise, by the liens, pledges, charges and assignments created by the Resolution.

The Board hereby further finds, determines and declares: (a) except for the Bonds, there are not outstanding any bonds, notes or other evidences of indebtedness payable from and secured by lien on or pledge or charge upon Revenues; (b) the Revenues are not encumbered by any lien and charge thereon or pledge thereof, other than the lien and charge thereon and pledge thereof created by the Resolution for the payment and security of the Bonds; and (c) there does not exist an “Event of Default” as defined in Section 7.01 of the Resolution, nor does there exist any condition which, after the passage of time, would constitute, under such section, an “Event of Default”.

The Board hereby further finds, determines and declares that it is in the best interest of the

Authority (1) to implement the Plan of Financing; and (2) to take such actions and execute such documents from time to time as shall be deemed necessary or desirable in order to effectuate the issuance, delivery and payment of the Series 2018 Bonds, and the implementation of the Plan of Financing.

SECTION 6.6. Laws Governing; Severability. This Fourteenth Supplemental Resolution shall be construed and enforced in accordance with the Constitution and laws of the State of New York.

If any provision of this Fourteenth Supplemental Resolution shall be held or deemed to be or shall, in fact, be inoperative or unenforceable as applied in any particular case in any jurisdiction or jurisdictions or in all jurisdictions, or in all cases because it conflicts with any other provision or provisions hereof or any constitution or statute or rule of public policy, or for any other reason, such circumstances shall not have the effect of rendering the provision in question inoperative or unenforceable in any other case or circumstance, or of rendering any other provision or provisions herein contained invalid, inoperative, or unenforceable to any extent whatever.

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The invalidity of any one or more phrases, sentences, clauses, paragraphs or sections in this Fourteenth Supplemental Resolution shall not affect the remaining portions of this Fourteenth Supplemental Resolution or any part thereof or of the Series 2018 Bonds issued hereunder.

SECTION 6.7. Section Headings; Table of Contents. The headings or titles of the several sections hereof, and any table of contents appended hereto or to copies hereof, shall be solely for convenience of reference and shall not affect the meaning or construction, interpretation or effect of this Fourteenth Supplemental Resolution.

SECTION 6.8. Effective Date of This Fourteenth Supplemental Resolution. This Fourteenth Supplemental Resolution shall become effective upon its adoption.

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DRAFT FOR DISCUSSION PURPOSES ONLY DATED: OCTOBER 5, 2018 CLOSING ITEM NO.: 4

CERTIFICATE OF DETERMINATION WITH RESPECT TO THE [$21,965,000]

ALBANY COUNTY AIRPORT AUTHORITY AIRPORT REVENUE BONDS, SERIES 2018A (NON-AMT)

AND SERIES 2018B (AMT)

I, WILLIAM J. O’REILLY, Chief Financial Officer of the Albany County Airport Authority (the “Authority”), pursuant to authority granted in a resolution of the Authority adopted on January 6, 1997 and entitled: “A RESOLUTION AUTHORIZING THE ISSUANCE OF AIRPORT REVENUE BONDS OF THE ALBANY COUNTY AIRPORT AUTHORITY; PRESCRIBING THE LIMITATION ON AND THE CONDITIONS OF ISSUANCE AND THE FORM OF SUCH BONDS; PROVIDING FOR THE DETAILS OF SUCH BONDS; COVENANTING AS TO THE REVENUES, INCOME AND CHARGES OF SAID AUTHORITY AND THE USE AND APPLICATION OF SUCH REVENUES, INCOME AND CHARGES; PLEDGING SUCH REVENUES, INCOME AND CHARGES TO THE PAYMENT OF THE PRINCIPAL OF, PREMIUM, IF ANY, AND INTEREST ON SUCH BONDS AND LIMITING SUCH PAYMENT SOLELY TO SUCH REVENUES, INCOME AND CHARGES; AND MAKING OTHER COVENANTS AND AGREEMENTS IN CONNECTION WITH THE FOREGOING” (the “Master Resolution”) and a resolution of the Authority adopted on November 5, 2018 and entitled: “A RESOLUTION AUTHORIZING AND PROVIDING FOR THE ISSUANCE AND SALE OF ONE OR MORE SERIES OF AIRPORT REVENUE BONDS OF THE ALBANY COUNTY AIRPORT AUTHORITY IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $25,000,000 TO FINANCE CAPITAL PROJECTS AT OR ADJACENT TO THE EXISTING ALBANY INTERNATIONAL AIRPORT; APPROVING THE PLAN OF FINANCING FOR THE PROPOSED CAPITAL PROJECTS; AUTHORIZING THE DESIGNATED FINANCIAL OFFICER TO DETERMINE CERTAIN DETAILS OF THE AFORESAID SERIES OF BONDS; APPROVING THE PRELIMINARY OFFICIAL STATEMENT WITH RESPECT TO THE AFORESAID SERIES OF BONDS AND AUTHORIZING PREPARATION AND DISTRIBUTION OF AN OFFICIAL STATEMENT WITH RESPECT TO THE AFORESAID SERIES OF BONDS; AUTHORIZING THE PRIVATE NEGOTIATED SALE OF THE AFORESAID SERIES OF BONDS AND THE EXECUTION AND DELIVERY OF A BOND PURCHASE AGREEMENT IN CONNECTION WITH SUCH SALE; AUTHORIZING THE DESIGNATED FINANCIAL OFFICER TO APPROVE THE ACQUISITION FROM AN INSURER OF ONE OR MORE MUNICIPAL BOND NEW ISSUE INSURANCE POLICIES AND/OR BOND RESERVE FUND POLICIES AND AUTHORIZING THE EXECUTION AND DELIVERY OF ONE OR MORE INSURANCE AGREEMENTS BETWEEN THE AUTHORITY AND SAID INSURER RELATING TO SUCH POLICY OR POLICIES; APPROVING THE FORM OF CONTINUING DISCLOSURE UNDERTAKING WITH RESPECT TO THE AFORESAID SERIES OF BONDS; MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT TO THE AFORESAID SERIES OF BONDS; AND CERTAIN OTHER MATTERS RELATED THERETO” (the “Fourteenth Supplemental Resolution”), hereby CERTIFY that:

(i) I am the duly appointed, qualified, and acting Chief Financial Officer of the Authority;

(ii) Under the Master Resolution and the Fourteenth Supplemental Resolution authorizing the issuance of its [$14,285,000] Airport Revenue Bonds, Series 2018A (Non-AMT) (the “Series 2018A Bonds”) and the [$7,680,000] Airport Revenue Bonds, Series 2018B (AMT) (the “Series 2018B Bonds”, collectively with the Series 2018A Bonds, the “Series 2018 Bonds”), I am the Designated Financial Officer for purposes of signing a Certificate of Determination with respect to the Series 2018 Bonds. Capitalized

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terms used herein shall have the meanings given them in the Master Resolution and the Fourteenth Supplemental Resolution; and

(iii) The delegation of powers and duties to me as the Designated Financial Officer made under the Fourteenth Supplemental Resolution is in full force and effect and has not been modified, amended, or revoked.

In accordance with the Fourteenth Supplemental Resolution, I HEREBY DETERMINE with respect to the Series 2018 Bonds as follows:

1. The Series 2018 Bonds shall be issued in the aggregate principal amount of [$21,965,000] (Twenty-One Million Nine Hundred Sixty-Five Thousand Dollars), consisting of two series, the Series 2018A Bonds and the Series 2018B Bonds, numbered 2018-A-R-1 and 2018-B-R-1 upward consecutively, for each Series respectively, maturing on the dates and bearing interest at the rates and with the yields as follows:

[$21,965,000] Series 2018 Airport Revenue Bonds

[$14,285,000] Airport Revenue Bonds, Series 2018A (Non-AMT)

Maturity

December 15 Principal Amount

Interest Rate Yield

[$7,680,000] Airport Revenue Bonds, Series 2018B (AMT)

Maturity December 15

Principal Amount

Interest Rate Yield

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_______________ *Priced at the stated yield to the _________ optional redemption date at a redemption price of

100%. 2. The Series 2018 Bonds shall be in substantially the forms set forth in Schedule A attached

hereto. 3. The Series 2018 Bonds maturing on and after December 15, _____ shall be subject to

redemption prior to maturity at the option of the Authority on December 15, _____ and thereafter, as a whole or in part at any time and from time to time in such order of maturity as the Authority shall determine and by lot within a maturity, from any available moneys in accordance with the terms of the Resolution, at the redemption price equal to the principal amount of each Bond so redeemed plus accrued interest to the date fixed for redemption.

4. The following amounts shall be credited to the indicated accounts established with respect

to the Series 2018 Bonds:

(a) The proceeds of the Series 2018A Bonds ([$14,285,000].00, plus premium of [$______________], minus underwriter’s discount of [$_________] or [$_______________]) shall be credited to the following accounts:

(i) [$_________] to the Bond Reserve Account, 2018A

(ii) [$______________] to the Construction Account, 2018A

(iii) [$_________] to the Construction Interest Account, 2018A (iv) [$__________] to the Cost of Issuance Account, 2018A

(b) The proceeds of the Series 2018B Bonds ([$7,680,000].00, plus premium of

[$______________], minus underwriter’s discount of [$_________] or [$_______________]) shall be credited to the following accounts:

(i) [$_________] to the Bond Reserve Account, 2018B

(ii) [$______________] to the Construction Account, 2018B (iii) [$_________] to the Construction Interest Account, 2018B

(iv) [$__________] to the Cost of Issuance Account, 2018B

5. The findings and determinations in Section 2.2 and Article VI of the Fourteenth

Supplemental Resolution are hereby confirmed and ratified. 6. The Authority designates [________________________] as the substitute Registrar and

Paying Agent for the Series 2018 Bonds in accordance with Section 2.5 of the Fourteenth Supplemental Resolution and as provided in Section 2.12 of the Master Resolution, since [________________________] is designated to be Registrar and Paying Agent for the Series 2018 Bonds a certificate of authentication for each of the Series 2018 Bonds shall be required.

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IN WITNESS WHEREOF, I have hereunto set forth my signature this 29th day of November, 2018. __________________________

William J. O’Reilly Chief Financial Officer

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SCHEDULE A

FORM OF SERIES 2018 BONDS

UNITED STATES OF AMERICA

STATE OF NEW YORK ALBANY COUNTY AIRPORT AUTHORITY

AIRPORT REVENUE BOND SERIES 2018A (NON-AMT)

No. 2018-A-R-__ $__________ INTEREST MATURITY __RATE_ DATE_ BOND DATE CUSIP

___% December 15, 20__ November 29, 2018 012 123 ___ REGISTERED OWNER: Cede & Co. PRINCIPAL AMOUNT: ______________________________ DOLLARS

The Albany County Airport Authority (hereinafter called the “Authority”), a public benefit corporation organized and existing under the laws of the State of New York, for value received, hereby promises to pay, but solely from the revenues, income and other moneys of the Authority hereinafter specified and not otherwise, to the Registered Owner named above, or registered assigns, on the Maturity Date specified above (subject to the right of prior redemption hereinafter mentioned) the Principal Amount specified above, upon presentation and surrender of this Bond, and to pay interest on such Principal Amount, but solely from such revenues, income and such other moneys of the Authority and not otherwise, from the Interest Payment Date (as hereinafter defined) next preceding the date of authentication hereof to which interest has been paid unless (1) the date of authentication is prior to June 15, 2019 in which event from November 29, 2018, or unless (2) the date of authentication is an Interest Payment Date to which interest has been paid, in which event from the date of authentication, or unless (3) the date of authentication is between the Record Date (as hereinafter defined) and the next Interest Payment Date, in which event from the next Interest Payment Date, until payment of such Principal Amount, at the Interest Rate specified above, such interest being payable on June 15, 2019, December 15, 2019, and semiannually on the fifteenth day of June and the fifteenth day of December thereafter (each such date being referred to herein as an “Interest Payment Date”). This Bond as to principal and premium will be payable at the principal office of [________________________], registrar and paying agent (the “Registrar and Paying Agent”) in its capacity as paying agent hereunder. Interest hereon shall be paid by check or draft mailed by the Registrar and Paying Agent to the Registered Owner hereof at his address as it appears in the books of registry kept pursuant to the Master Resolution hereinafter mentioned as of the close of business on the last day of the month (whether or not a business day) next preceding an Interest Payment Date (the “Record Date”). The principal of and interest and premium, if any, on this Bond is payable in any coin or currency of the United States of America which at the time of payment is legal tender for public and private debts.

This Bond is one of an authorized Series of Bonds of like designation herewith aggregating

[_________________________________] Dollars ([$14,285,000]) in principal amount. This Bond and the Bonds of the Series of Bonds of which it is one are issued under the authority of and pursuant to and in full compliance with the Constitution and statutes of the State of New York, including, particularly, the Albany County Airport Authority Act, constituting Title 32 of Article 8 of the Public Authorities Law, a resolution (hereinafter called the “Master Resolution”) duly adopted by the Authority under said Constitution and statutes on January 6, 1997, and a Fourteenth supplemental resolution duly adopted on November 5, 2018 by the Authority under said Constitution and statutes and the Master Resolution (hereinafter called “Supplemental Resolution”).

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This Bond and the Series of Bonds of which this Bond is one constitute part of a duly authorized issue of Bonds (herein called the “Bonds”) issued, or to be issued, by the Authority under the Master Resolution in order to accomplish any purpose of the Authority. Said issue of Bonds is unlimited as to principal amount except as provided in the Master Resolution and constitutes or may constitute one or more Series in various principal amounts and of varying denominations, dates, maturities, interest rates and other provisions as provided in the Master Resolution. All Bonds, including this Bond, issued and to be issued under the Master Resolution are and will be equally secured by the liens, pledges, charges, assignments and covenants made therein, except as otherwise expressly provided or permitted in the Master Resolution. Reference is hereby made to the Master Resolution and the Supplemental Resolution, copies of which are on file in the office of the Authority and the principal office of the Trustee and the aforesaid Registrar and Paying Agent and to all of the provisions of which any holder of this Bond by his acceptance hereof thereby assents, for definitions of term; a description of the nature and extent of the security for the Bonds issued or to be issued under the Master Resolution, including this Bond; the Net Revenues of the Authority pledged to the payment of the interest on and principal of the Bonds and the nature and extent and manner of enforcement of such pledge; the terms and conditions upon which this Bond and the Series of which it is one are issued and upon which other Bonds have heretofore and may hereafter be issued under the Master Resolution payable as to principal, interest and premium on a parity with this Bond out of the aforesaid Net Revenues, income and charges and equally and ratably secured therewith; the conditions upon which the Master Resolution and the Supplemental Resolution may be amended or supplemented with or without the consent of the holders of the Bonds; the rights and remedies of the holder hereof with respect hereto; the rights, duties and obligations of the Authority under the Master Resolution and the Supplemental Resolution; the terms and provisions upon which the liens, pledges, charges, assignments and covenants of the Authority made in the Master Resolution may be discharged at or prior to the maturity or redemption of this Bond, and this Bond thereafter shall no longer be secured by the Master Resolution or be deemed to be outstanding thereunder, if moneys or certain specified securities shall have been deposited with the Trustee or any paying agent for this Bond sufficient and held in trust solely for the payment hereof; and for the other terms and provisions thereof.

This Bond and the Series of Bonds of which it is one and the issue of Bonds of which such Series is a part and the interest and premium, if any, thereon are payable, on a parity with all bonds theretofore and hereafter issued under the Master Resolution, from, and secured equally and ratably with such bonds by, the Net Revenues (as defined in the Master Resolution) pledged to the payment thereof by the Master Resolution or the Supplemental Resolution. The Bonds shall not in any manner or to any extent constitute or be a charge upon any moneys or property of the Authority not specifically pledged thereto by the Master Resolution or the Supplemental Resolution. The Authority has no taxing power. The Bonds are not debts of the State of New York, Albany County or of any political subdivision of the State of New York, other than the Authority, or of the United States of America, and the State of New York, Albany County or any political subdivision of the State of New York, other than the Authority, or the United States of America shall not be liable thereon. The Bonds will not constitute a pledge of the faith and credit of the State of New York, Albany County or of any political subdivision of the State of New York, other than the Authority, nor shall the Bonds be payable out of funds or properties other than those of the Authority set forth in the Master Resolution or the Supplemental Resolution. The issuance of Bonds will not obligate the State of New York or any of its political subdivisions or the United States of America to levy or pledge the receipts from any form of taxation for the payment of the Bonds. The Bonds shall not constitute an indebtedness within the meaning of any constitutional or statutory debt limitation or restriction.

The Series 2018 Bonds maturing on and after December 15, _____ shall be subject to redemption prior to maturity at the option of the Authority on December 15, _____ and thereafter, as a whole or in part at any time and from time to time in such order of maturity as the Authority shall determine and by lot within a maturity, from any available moneys in accordance with the terms of the Resolution, at the redemption price equal to the principal amount of each Bond so redeemed plus accrued interest to the date fixed for redemption.

Notice of redemption of the Bonds shall be mailed not less than thirty (30) days prior to a redemption date, by

registered or certified mail, to the registered owner of such Bonds at the address as it appears on the registration books. If at the time of the giving of any notice of optional or mandatory redemption there shall not be on deposit with the Paying Agent moneys sufficient to redeem all the Bonds called for redemption, the notice of redemption shall state that the redemption of such Bonds is conditional and subject to deposit of moneys with the Paying Agent sufficient to

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redeem all such Bonds not later than the opening of business on the redemption date, and that such notice shall be of no effect with respect to any of such Bonds for which moneys are not on deposit. If the amount on deposit with the Paying Agent, or otherwise available, is insufficient to pay the redemption price and accrued interest on the Bonds call for redemption on such date, the Paying Agent shall redeem and pay on such date an amount of such Bonds for which such moneys or other available funds are sufficient, selecting the maturities of Bonds to be redeemed and Bonds within a maturity to be redeemed by lot.

The Bonds of the Series of Bonds of which this Bond is one are issuable as fully registered Bonds in the denomination of $5,000 or any multiple thereof. Subject to the limitations and upon payment of the charges, if any, provided in the Master Resolution and the Supplemental Resolution, Bonds may be exchanged for a like aggregate principal amount of Bonds in authorized denominations of the same series, interest rate, and maturity.

This Bond is transferable by the Registered Owner hereof, in person or by his attorney duly authorized in writing upon the surrender hereof for cancellation, at the principal office of the aforesaid Registrar and Paying Agent, but only in the manner, subject to the limitations and upon payment of the charges, if any, provided in the Master Resolution and the Supplemental Resolution and upon the surrender hereof for cancellation. Upon such transfer new registered Bond or Bonds, of authorized denominations and of the same aggregate principal amount, series, interest rate and maturity as the Bond surrendered, will be issued to the transferee in exchange therefor.

No transfer or exchange of Bonds shall be required to be made after the Record Date, nor during the forty-five (45) days next preceding the date fixed for redemption of such Bonds.

This Bond shall not be entitled to any benefit under the Master Resolution or become valid or obligatory for any purpose until it shall have been authenticated by the Registrar and Paying Agent by its execution of the certificate of authentication endorsed hereon.

It is hereby certified, recited and declared that all acts, conditions and things required by the Constitution and laws of the State of New York and the Master Resolution and the Supplemental Resolution to have happened, to exist and to have been performed precedent to and in the issuance of this Bond and the Series of which it is a part, do exist, have happened and have been performed in regular and due time, form and manner as required by said Constitution, laws and resolutions; that this Bond and the Series of which it is a part do not exceed any constitutional, statutory or charter limitation of indebtedness; and that provision has been made for the payment of the principal of the interest on this Bond and the Series of which it is a part as provided in the Master Resolution.

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IN WITNESS WHEREOF, Albany County Airport Authority has caused this Bond to be duly executed in its name by the manual or facsimile signature of its Chairman or Vice Chairman and attested by the manual or facsimile signature of its Secretary of Assistant Secretary, all as of the Dated Date identified above.

ALBANY COUNTY AIRPORT AUTHORITY BY:__________________________________ Chairman

ATTEST: _________________________ Secretary

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Certificate of Authentication

This Bond is one of the Bonds of the Series designated therein described in the within-mentioned Master Resolution and Supplemental Resolution.

[________________________], as Registrar and Paying Agent

BY:____________________________________ Authorized Representative

___________________________ Date of Authentication

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[FORM OF ASSIGNMENT]

For value received, the undersigned hereby sells, assigns and transfers unto PLEASE INSERT SOCIAL SECURITY OR OTHER TAX IDENTIFYING NUMBER OF ASSIGNEE:

the within-mentioned Bond and hereby irrevocably constitutes and appoints ____________________________________________________________________________ ______________________________________________________________________________, attorney-in fact, to transfer the same on the books of registry in the office of the within-mentioned Registrar with full power of substitution in the premises. Dated: _____________________ Registered Owner Signature Guaranteed: ________________________________ ______________________________

NOTE: The signature to this assignment must correspond with the name as written on the face of the within Bond in every particular, without alteration or enlargement or any change whatsoever.

NOTE: Signature(s) must be guaranteed by a member firm of The New York Stock Exchange, Inc. or a commercial bank or trust company.

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UNITED STATES OF AMERICA STATE OF NEW YORK

ALBANY COUNTY AIRPORT AUTHORITY AIRPORT REVENUE BOND

SERIES 2018B (AMT) No. 2018-B-R-__ $__________ INTEREST MATURITY __RATE_ DATE_ BOND DATE CUSIP

____% December 15, 20__ November 29, 2018 012 123 ___ REGISTERED OWNER: Cede & Co. PRINCIPAL AMOUNT: _________________________ DOLLARS

The Albany County Airport Authority (hereinafter called the “Authority”), a public benefit corporation organized and existing under the laws of the State of New York, for value received, hereby promises to pay, but solely from the revenues, income and other moneys of the Authority hereinafter specified and not otherwise, to the Registered Owner named above, or registered assigns, on the Maturity Date specified above the Principal Amount specified above, upon presentation and surrender of this Bond, and to pay interest on such Principal Amount, but solely from such revenues, income and such other moneys of the Authority and not otherwise, from the Interest Payment Date (as hereinafter defined) next preceding the date of authentication hereof to which interest has been paid unless (1) the date of authentication is prior to June 15, 2019 in which event from November 29, 2018, or unless (2) the date of authentication is an Interest Payment Date to which interest has been paid, in which event from the date of authentication, or unless (3) the date of authentication is between the Record Date (as hereinafter defined) and the next Interest Payment Date, in which event from the next Interest Payment Date, until payment of such Principal Amount, at the Interest Rate specified above, such interest being payable on June 15, 2019, December 15, 2019, and semiannually on the fifteenth day of June and the fifteenth day of December thereafter (each such date being referred to herein as an “Interest Payment Date”). This Bond as to principal and premium will be payable at the principal office of [________________________], registrar and paying agent (the “Registrar and Paying Agent”) in its capacity as paying agent hereunder. Interest hereon shall be paid by check or draft mailed by the Registrar and Paying Agent to the Registered Owner hereof at his address as it appears in the books of registry kept pursuant to the Master Resolution hereinafter mentioned as of the close of business on the last day of the month (whether or not a business day) next preceding an Interest Payment Date (the “Record Date”). The principal of and interest and premium, if any, on this Bond is payable in any coin or currency of the United States of America which at the time of payment is legal tender for public and private debts.

This Bond is one of an authorized Series of Bonds of like designation herewith aggregating

[_________________________________] Dollars ([$7,680,000]) in principal amount. This Bond and the Bonds of the Series of Bonds of which it is one are issued under the authority of and pursuant to and in full compliance with the Constitution and statutes of the State of New York, including, particularly, the Albany County Airport Authority Act, constituting Title 32 of Article 8 of the Public Authorities Law, a resolution (hereinafter called the “Master Resolution”) duly adopted by the Authority under said Constitution and statutes on January 6, 1997, and a Fourteenth supplemental resolution duly adopted on November 5, 2018 by the Authority under said Constitution and statutes and the Master Resolution (hereinafter called “Supplemental Resolution”).

This Bond and the Series of Bonds of which this Bond is one constitute part of a duly authorized issue of Bonds (herein called the “Bonds”) issued, or to be issued, by the Authority under the Master Resolution in order to accomplish any purpose of the Authority. Said issue of Bonds is unlimited as to principal amount except as provided in the Master Resolution and constitutes or may constitute one or more Series in various principal amounts and of

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000161.00320 Business 17693171v1

varying denominations, dates, maturities, interest rates and other provisions as provided in the Master Resolution. All Bonds, including this Bond, issued and to be issued under the Master Resolution are and will be equally secured by the liens, pledges, charges, assignments and covenants made therein, except as otherwise expressly provided or permitted in the Master Resolution. Reference is hereby made to the Master Resolution and the Supplemental Resolution, copies of which are on file in the office of the Authority and the principal office of the Trustee and the aforesaid Registrar and Paying Agent and to all of the provisions of which any holder of this Bond by his acceptance hereof thereby assents, for definitions of term; a description of the nature and extent of the security for the Bonds issued or to be issued under the Master Resolution, including this Bond; the Net Revenues of the Authority pledged to the payment of the interest on and principal of the Bonds and the nature and extent and manner of enforcement of such pledge; the terms and conditions upon which this Bond and the Series of which it is one are issued and upon which other Bonds have heretofore and may hereafter be issued under the Master Resolution payable as to principal, interest and premium on a parity with this Bond out of the aforesaid Net Revenues, income and charges and equally and ratably secured therewith; the conditions upon which the Master Resolution and the Supplemental Resolution may be amended or supplemented with or without the consent of the holders of the Bonds; the rights and remedies of the holder hereof with respect hereto; the rights, duties and obligations of the Authority under the Master Resolution and the Supplemental Resolution; the terms and provisions upon which the liens, pledges, charges, assignments and covenants of the Authority made in the Master Resolution may be discharged at or prior to the maturity or redemption of this Bond, and this Bond thereafter shall no longer be secured by the Master Resolution or be deemed to be outstanding thereunder, if moneys or certain specified securities shall have been deposited with the Trustee or any paying agent for this Bond sufficient and held in trust solely for the payment hereof; and for the other terms and provisions thereof.

This Bond and the Series of Bonds of which it is one and the issue of Bonds of which such Series is a part and the interest and premium, if any, thereon are payable, on a parity with all bonds theretofore and hereafter issued under the Master Resolution, from, and secured equally and ratably with such bonds by, the Net Revenues (as defined in the Master Resolution) pledged to the payment thereof by the Master Resolution or the Supplemental Resolution. The Bonds shall not in any manner or to any extent constitute or be a charge upon any moneys or property of the Authority not specifically pledged thereto by the Master Resolution or the Supplemental Resolution. The Authority has no taxing power. The Bonds are not debts of the State of New York, Albany County or of any political subdivision of the State of New York, other than the Authority, or of the United States of America, and the State of New York, Albany County or any political subdivision of the State of New York, other than the Authority, or the United States of America shall not be liable thereon. The Bonds will not constitute a pledge of the faith and credit of the State of New York, Albany County or of any political subdivision of the State of New York, other than the Authority, nor shall the Bonds be payable out of funds or properties other than those of the Authority set forth in the Master Resolution or the Supplemental Resolution. The issuance of Bonds will not obligate the State of New York or any of its political subdivisions or the United States of America to levy or pledge the receipts from any form of taxation for the payment of the Bonds. The Bonds shall not constitute an indebtedness within the meaning of any constitutional or statutory debt limitation or restriction.

The Series 2018 Bonds maturing on and after December 15, _____ shall be subject to redemption prior to maturity at the option of the Authority on December 15, _____ and thereafter, as a whole or in part at any time and from time to time in such order of maturity as the Authority shall determine and by lot within a maturity, from any available moneys in accordance with the terms of the Resolution, at the redemption price equal to the principal amount of each Bond so redeemed plus accrued interest to the date fixed for redemption.

Notice of redemption of the Bonds shall be mailed not less than thirty (30) days prior to a redemption date, by

registered or certified mail, to the registered owner of such Bonds at the address as it appears on the registration books. If at the time of the giving of any notice of optional or mandatory redemption there shall not be on deposit with the Paying Agent moneys sufficient to redeem all the Bonds called for redemption, the notice of redemption shall state that the redemption of such Bonds is conditional and subject to deposit of moneys with the Paying Agent sufficient to redeem all such Bonds not later than the opening of business on the redemption date, and that such notice shall be of no effect with respect to any of such Bonds for which moneys are not on deposit. If the amount on deposit with the Paying Agent, or otherwise available, is insufficient to pay the redemption price and accrued interest on the Bonds call for redemption on such date, the Paying Agent shall redeem and pay on such date an amount of such Bonds for

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which such moneys or other available funds are sufficient, selecting the maturities of Bonds to be redeemed and Bonds within a maturity to be redeemed by lot.

The Bonds of the Series of Bonds of which this Bond is one are issuable as fully registered Bonds in the

denomination of $5,000 or any multiple thereof. Subject to the limitations and upon payment of the charges, if any, provided in the Master Resolution and the Supplemental Resolution, Bonds may be exchanged for a like aggregate principal amount of Bonds in authorized denominations of the same series, interest rate, and maturity.

This Bond is transferable by the Registered Owner hereof, in person or by his attorney duly authorized in writing upon the surrender hereof for cancellation, at the principal office of the aforesaid Registrar and Paying Agent, but only in the manner, subject to the limitations and upon payment of the charges, if any, provided in the Master Resolution and the Supplemental Resolution and upon the surrender hereof for cancellation. Upon such transfer new registered Bond or Bonds, of authorized denominations and of the same aggregate principal amount, series, interest rate and maturity as the Bond surrendered, will be issued to the transferee in exchange therefor.

No transfer or exchange of Bonds shall be required to be made after the Record Date, nor during the forty-five (45) days next preceding the date fixed for redemption of such Bonds.

This Bond shall not be entitled to any benefit under the Master Resolution or become valid or obligatory for any purpose until it shall have been authenticated by the Registrar and Paying Agent by its execution of the certificate of authentication endorsed hereon.

It is hereby certified, recited and declared that all acts, conditions and things required by the Constitution and laws of the State of New York and the Master Resolution and the Supplemental Resolution to have happened, to exist and to have been performed precedent to and in the issuance of this Bond and the Series of which it is a part, do exist, have happened and have been performed in regular and due time, form and manner as required by said Constitution, laws and resolutions; that this Bond and the Series of which it is a part do not exceed any constitutional, statutory or charter limitation of indebtedness; and that provision has been made for the payment of the principal of the interest on this Bond and the Series of which it is a part as provided in the Master Resolution.

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IN WITNESS WHEREOF, Albany County Airport Authority has caused this Bond to be duly executed in its name by the manual or facsimile signature of its Chairman or Vice Chairman and attested by the manual or facsimile signature of its Secretary of Assistant Secretary, all as of the Dated Date identified above.

ALBANY COUNTY AIRPORT AUTHORITY BY:__________________________________ Chairman

ATTEST: _________________________ Secretary

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Certificate of Authentication

This Bond is one of the Bonds of the Series designated therein described in the within-mentioned Master Resolution and Supplemental Resolution.

[________________________], as Registrar and Paying Agent

BY:____________________________________ Authorized Representative

___________________________ Date of Authentication

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[FORM OF ASSIGNMENT]

For value received, the undersigned hereby sells, assigns and transfers unto PLEASE INSERT SOCIAL SECURITY OR OTHER TAX IDENTIFYING NUMBER OF ASSIGNEE:

The within-mentioned Bond and hereby irrevocably constitutes and appoints ____________________________________________________________________________ ______________________________________________________________________________, attorney-in fact, to transfer the same on the books of registry in the office of the within-mentioned Registrar with full power of substitution in the premises. Dated: _____________________ Registered Owner Signature Guaranteed: ________________________________ ______________________________

NOTE: The signature to this assignment must correspond with the name as written on the face of the within Bond in every particular, without alteration or enlargement or any change whatsoever.

NOTE: Signature(s) must be guaranteed by a member firm of The New York Stock Exchange, Inc. or a commercial bank or trust company.


Professional Service Contract: 3-Year Contract Extension: Amendment No. 5 to

Professional Services Contract No. S371:Passenger Information Services with the Albany

County Convention & Visitors Bureau



DEPARTMENT:

Contact Person: John A. O’Donnell, Chief Executive Officer Peter F. Stuto, General Counsel

PURPOSE OF REQUEST:

Professional Service Contract: 3-Year Contract Extension: Amendment No. 5 toProfessional Services Contract No. S371: PassengerInformation Services with the Albany CountyConvention & Visitors Bureau

CONTRACT AMOUNT:

Base Amount: $151,132/yr

BUDGET INFORMATION:

Anticipated in Current Budget: Yes √ No NA


Federal State Airport 100%_ NA Funding Source: Airport Operating Budget

JUSTIFICATION:

Authorization is requested for a three-year extension of the current contract with the Albany County Convention and Visitors Bureau, Inc. (ACCVB) for the continued operation of the Airport’s Information Desk. The extended term will be for calendar years 2019-21. The ACCVB provides service to travelers requesting travel and Airport information. The fee to the ACCVB for year 2019 shall be $151,132. It will be increased each year by an amount not to exceed 2% to be mutually agreed.

The justification to extend the current contract with the ACCVB is as follows:

1. The ACCVB has access to the regional travel destinations and promotes tourismthroughout the Capital District and beyond. This information is offered to travelers atthe Information Desk.

2. The ACCVB employs and trains staff which has knowledge of the region and localtravel destinations as well as Airport functions.



3. The ACCVB’s budgeted amount is less than the amount that the Authority or AFCO AvPORTS Management, LLC would be for comparable services.

CHIEF EXECUTIVE OFFICER’S RECOMMENDATION: Recommend approval. FINAL AGREEMENT SUBJECT TO APPROVAL BY COUNSEL: YES √ NA BACK-UP MATERIAL: Please refer to the attached.

1. October 12, 2018 Proposal from Jill Delaney, President/CEO of Albany County Convention & Visitors Bureau

2. Amendment No. 5 (Draft)

Staffing

PROPOSAL FOR PROFESSIONAL SERVICES

ALBANY INTERNATIONAL AIRPORT

INFORMATION CENTER

2019-2021

• Staffed by 23 part-time employees (including 4 support staff who work as needed)

• Hours of Operation: 6:00 am -11:00 pm Monday- Friday

7:00 am -11:00 pm Saturday- Sunday

Shifts are as follows:

Monday - Friday 6:00am-1:00pm/ 10:00am-5:00pm/ 2:00pm-9:30pm/ 5:00pm-11:00pm

Saturday- Sunday 7:00am-1:00pm/ 11:00am-6:00pm/ 5:00pm-11:00pm

Holiday Hours:

Thanksgiving, Christmas Eve, Christmas, New Years Eve - 6:00am-5:00pm

• Average number of customer inquiries 2016-2018: 91,000

Travel/ Tourism Assistance

• Distribution of regional travel information

• Staffed tourist information center

• Bus ticketing services

Communications

• Main resource for airport, flights, ground transportation and tourist information as well as paging services

Physical Plant

• Routine maintenance of the desk and the equipment will remain the responsibility of the Airport Authority. We recommend that appropriate operations staff inspect the condition of the information center as least twice per year.

Contract Terms

• 3 year contract 2019-21.

• An increase not to exceed 2% to the Annual Budget will be added each subsequent year. This percentage will be mutually negotiated annually. Discover Albany derives additional income through bus ticket commission.

Budget

Note: Budget reflects a 2% increase in rate of pay. We are in the process of hiring a new Information

Center manager and will need to slightly increase hours and rate of pay in order to recruit a candidate

with management experience.

Total worker hours per week: 177.5

154.5 @ 12.85

23 @25.00

Benefits @ 10%

Estimated weekly payroll

Total Estimated Annual Payroll

Supplies

Telephone

Parking

Admin/ Professional Fees

Total Annual Budget

1,985

575

2,560

256

2,816

146,432

250

150

300

4,000

151,132

AMENDMENT NO. ~TO CONTRACT NO. S-371

AT THE ALBANY COUNTY AIRPORT

THIS AMENDMENT is made and entered into effective the ____ day of _______ , 2018 by and between the ALBANY COUNTY AIRPORT AUTHORITY (the "AUTHORITY"), a body corporate and politic constituting a public benefit corporation established and existing pursuant to the Albany County Airport Authority Act enacted by Chapter 686 of the laws of 1993 and set forth in Title 32 of the New York Public Authorities Law, having offices at the Administration Building, Suite 200, Albany, New York, 12211 and ALBANY COUNTY CONVENTION AND VISITORS BUREAU, INC., a New York corporation having its office and principal place of business at 25 Quackenbush Square, Albany, New York 12207.

RECITALS

1. The County of Albany (the "County") is the owner of the Albany International Airport ( the "Airport"), located in the Town of Colonie, County of Albany, State of New York.

2. The County and the AUTHORITY have entered into an Airport Lease Agreement, effective as of May 16, 1996, for a term of forty (40) years, whereby the AUTHORITY has the exclusive right to operate, maintain and improve the Airport and do anything else permitted by law, subject only to the restrictions and conditions stated in such Airport Lease Agreement and in accordance with applicable law.

4. The AUTHORITY and the CONSULTANT entered into an Amended and Restated Professional Service Agreement (the "AGREEMENT"), dated January 10, 2006, which has been amended from time to time, for professional services at the Albany International Airport.

5. This AMENDMENT No. 5 to the AGREEMENT has been duly authorized by the AUTHORITY by resolution adopted November 5, 2018.

NOW THEREFORE, In consideration of the mutual covenants contained herein, the parties agree as follows:

A. Article I, of the AGREEMENT, entitled SERVICES TO BE PERFORMED-TERM is amended as follows: the term of the AGREEMENT will be extended for three (3) years to include calendar years 2019, 2020, and 2021 (through December 31, 2021).

B. Article III, of the AGREEMENT, entitled FEES is amended as follows:

U:\LEGAL\CONTRACT\S-371 \Amendment No. 5.docx

Page-1

Article III is amended to increase the amount the Authority agrees to pay and the Consultant agrees to accept as full compensation the annual (and monthly) fees set forth in Schedule "A" and below:

Calendar Annual Monthly Year Compensation Compensation

2019 $151,132 $12,594 2020 not to exceed 2% increase

to be mutually determined 2021 not to exceed 2% increase

to be mutually determined

C. SCHEDULE "A" entitled SCOPE OF WORK and SCHEDULE OF FEES is amended to include the correspondence, Proposal and Budget from the Consultant dated October 12,

· 2018, attached hereto.

D. Except as specifically amended herein, the terms and conditions of the AGREEMENT remain unchanged.

BY:

BY:

U:\LEGAL\CONTRACT\S-371\Amendment No. 5.docx


Rev. Kenneth J. Doyle, Chairman

ALBANY COUNTY CONVENTION AND VISITORS BUREAU, INC.

Jill Delaney, President/CEO

Page-2

STATE OF NEW YORK ) )ss.:

COUNTY OF ALBANY )

On this __ day of _________ , 2018, before me personally came and appeared Rev. Kenneth J. Doyle, to me known to be the person who executed the above instrument, who, being duly sworn, did depose and say that he resides in the County of Albany, that he is the Chairman of the Albany County Airport Authority, the public benefit corporation described in, and which executed, the foregoing instrument; that he executed the foregoing instrument in the name of the Albany County Airport Authority pursuant to a resolution adopted by the Albany County Airport Authority on November 5, 2018; and that he signed; and that he signed his name thereto by like authorization.

STATE OF

COUNTY OF

) )ss.: )

Notary Public

On this __ day of ______ _, 2018, before me personally came JILL DELANEY, to me personally known, who, being duly sworn, did depose and say that she is the Chief Executive Officer/President of the Albany County Convention and Visitors Bureau, Inc., the corporation described in, and which executed the above instrument; that she knows the seal of said corporation; that the seal affixed to said instrument is such corporate seal; that it was affixed by order of the Board of Directors of said corporation; and that she signed his name thereto by like order.

Notary Public

U:ILEGAL\CONTRACT\S-371\Amendment No. 5.docx Page-3

Schedule "A" Scope of Services and Schedule of Fees

U:\LEGAL\CONTRACT\S-371 \Amendment No. 5.docx

Page-4

AGENDA ITEM NO. 11

Authorization of Change Orders

AGENDA ITEM NO. 12

Authorization of Federal and State Grants

AGENDA ITEM NO. 13

Procurement Approvals by CEO – Informational Only


Report issuance of Emergency Contract (Purchase Order) for Asphalt Pavement Repairs

(Quote # 18-1018)



INFORMATIONAL

DEPARTMENT: Contact Person: John A. O’Donnell Chief Executive Officer PURPOSE OF REQUEST: Report issuance of Emergency Contract (Purchase Order) for Asphalt Pavement Repairs (Quote # 18-1018) CONTRACT AMOUNT: Purchase Order No. ________ $ 88,750.00 Requisition No. 53043 FISCAL IMPACT - FUNDING (Dollars or Percentages) Federal State Airport 100% __ NA ______ Funding Source: 53030-XX FISCAL IMPACT - FUNDING (Dollars or Percentages) Federal State Airport √ NA JUSTIFICATION:

The Airport Authority recently requested quotes for several (42) locations around the Airport property that were in dire need of asphalt repairs. These locations are attached to the Request for Quote document. Two proposals were received. In order to meet the seasonal deadline for these repairs the Chief Executive Officer feels it to be in the best interest of the Airport in accordance with Section 3.3 of the Authority Procurement Guidelines. Section 3.3 reads as follows:

“The role of an airport dictates that the operation be maintained on a continuous basis without interruption. From time to time, the Chief Executive Officer may determine that Emergency Purchases or contracts be issued to keep the Airport safe, secure and when it is in the best interest to preserve order or public health and Airport facilities. Also, when the immediate restoration of a condition of usefulness of a building, equipment or roadway or utilities is necessary. Such emergency services exceeding $50,000 shall be presented to the Authority Board at its next regularly scheduled meeting.”



Recommend acceptance of the CEO’s report of emergency procurement in accordance with the Authority’s procurement guidelines.

FINAL AGREEMENT SUBJECT TO APPROVAL BY COUNSEL: YES NA √ BACK-UP MATERIAL:

Summary of quotes received (Quote # 18-1018) Request for Quote Submittal from lowest priced vendor

Vendor Delsignore Blacktop HMA Contracting Corp.Proposal Pricing

Total Lump Sum To Perform Pavement Repairs 169,785.00$ 88,750.00$

Asphalt Pavement RepairsQuote # 18‐1018

·- '

Vendor:

Contact:

Phone:

REQUEST FOR QUOTATION ALBANY COUNTY AIRPORT AUTHORITY

PURCHASING OFFICE ALBANY INTERNATIONAL AIRPORT

ADMINISTRATION BUILDING, SUITE 204 ALBANY, NEW YORK 12211

PHONE (518)242-2213 FAX (518)242-2640

TAX EXEMPT ID # 14-1768979

Quotation Number: 18-1018

Quote MUST be submitted NO LATER THAN: Thursday, October 25, 2018 at 11:00 A.M.{EST)

** Asphalt Pavement Repairs**

This Request for Quotation is for a qualified vendor to perform asphalt pavement repairs at various locations at Albany International Airport.

Work must be completed during normal working hours, but must be coordinated with Authorized Airport personnel to cause the least amount of disruption to arriving passengers.

Award will be made to the proposer with the lowest responsible proposal for all locations combined.

All services must be performed in a legal manner according to all local, state and federal regulations.

All services must be completed no later than November 20, 2018.

1

Below is a summary of the locations and attached are photos of the repair areas .

Location 1 Location 2 Location 3 Location 4 Location 5 Location 6 Location 7 Location 8 Location 9 Location 10 Location 11 Location 12 Location 13 Location 14 Locations 15 Location 16 Location 17 Location 18 Location 19 Location 20 Location 21 Location 22 Location 23 Location 24 Location 25 Location 26 Location 27 Location 28 Location 29 Location 30 Location 31 Location 32 Location 33 Location 34 Location 35 Location 36 Location 37 Location 38 Location 39 Location 40 Location 41

Employee Lot / Rear Entrance Employee Lot : By Tritulator Building Employee Lot: Along Creek Side of Lot Employee Lot: Along Fence Employee Lot: Along Creek Employee Lot: Entrance Along Creek Employee Lot: Traverse at the Taper Employee Lot: Travers Joint Near Entrance Employee Lot: Entrance Employee Lot: Center of Row South of Ticket Island Long Term Parking: Between Rows U & T Long Term Parking: End of lot at rows V & BB Long Term Parking: Between Rows S & X Long Tenn Parking: Near Back entrance to long term parking Long Tenn Parking: Parking space near back entrance to long term Long Term Parking: West of Row CC Long Term Parking Between rows CC & V Long Term Parking: Between Rows CC & DD Long Tenn Parking: Aisle West of Rows M & N Snow Melt Pad Snow Melt Pad Snow Melt Pad Snow Melt Pad Snow Melt Pad Snow Melt Pad Snow Melt Pad Snow Melt Pad Snow Melt Pad Snow Melt Pad Snow Melt Pad Near Glycol Plant Glycol Plant Access Road 55 Sicker Road Driveway Toll Plaza Exit Toll Plaza Exit Toll Plaza: Parking Lot for Revenue Building Parking Toll Plaza: Parking Lot Revenue Building Short Tenn Parking at Garage Short Term Parking at Garage Short Term Parking at Garage Short Term Parking at Garage

2

Location 42 Short Term Parking at Garage

Prevailing Wages/ Wage Benefits: Pursuant to Sections 220.3 and 220-d of the Labor Law, each laborer, employed by the awarded vendor, a Subcontractor or other person about or upon whom this project shall be paid not less than the prevailing hourly wage rate for a legal day's work shall be providing supplements not less than the prevailing hourly supplement as detennined by the Industrial Commissioner. The successful vendor shall be responsible for the payment of prevailing wages until this project is completed and shall solely be responsible for compliance with updates, to the prevailing wages as determined by the industrial commission. Any wages, fees , interest or penalties resulting from a noncompliance shall be the sole responsibility of the successful vendor.

Attached is a copy of the wage schedule obtained for this project. PRC#2018012622 has been obtained from New York State Department of Labor. The awarded vendor must provide certified payroll reports with their invoicing.

Awarded vendor will be required to provide Airport Authority with a valid Certificate oflnsurance within ten (10) business days after notice of award naming County of Albany and Albany County Airport Authority and the private property owners of record as an additional insured.

General Liability, including automobile & property damage per incident

Worker ' s Compensation

3

$5,000,000

NYS Requirements

PROPOSAL

TOT ALL UMP SUM PRICE TO PERFORM PAVEMENT REPAIRS AT ALL LOCATIONS LISTED:

,:J<.

$ 8 8 ;'1 S o --

Submitted By:

DATE: iu {23 , 2018

1gnature

S:Cc:.. .. -& \r.'-'( j /--r a _.o-':7 ~-.,._,,v Title

~. u - \S.J x: \ s- \ , ""'e.L.-~ '\ \(.;y°\\ \.I ,. \\J ' -( 1 2. , \ 8 Address

Name of contact person

Telephone number

Facsimile number

t:<Y'.c:~~ \ ;- """~ O.N\c, \ (2.. hN"\C-. c.~'-v\ ~-t:.--\--j C (. ~

Questions should be directed in writing to Bobbi Matthews at [email protected],

All quotes must be received by the Purchasing Department no later than, October 25, 2018, 11:00 A.M.(EST); Albany International Airport; Airport Authority Administration Building #117, Albany, NY 12211-1057. PHONE 518-242-2213; or FAX 242-2640; or Email: [email protected].

4

ATTACHMENTS

• Prevailing Wage Rates • Photos of repair locations

5


Report issuance of Emergency Contract (Purchase Order) for Soil Boring for New Garage



INFORMATIONAL

DEPARTMENT: Contact Person: John A. O’Donnell, Chief Executive Officer PURPOSE OF REQUEST: Report issuance of Emergency Contract (Purchase Order) for Soil Boring for New Garage CONTRACT AMOUNT: Purchase Order No. 139095 $ 89,975 Anticipated in Current ALB Capital Plan: Yes √ No NA Funding Account No.: CPN 2262

FISCAL IMPACT - FUNDING (Dollars or Percentages) Federal 0% State 51% Airport 49% * Term of Funding: 2018-2020 Grant No.: NA; STATE PIN: PIN 1A00.97

* The Airport Portion may be reimbursed from available bond proceeds.

JUSTIFICATION:

This is for the professional services for geotechnical engineering services by Clough Harbour & Associates for soil boring for the new parking garage. To avoid delay of this project, a purchase order was needed as soon as possible to begin the work. This purchase was deemed by the Chief Executive Officer to be in the best interest of the Airport in accordance with Section 3.3 of the Authority Procurement Guidelines. Section 3.3 reads as follows:





FINAL AGREEMENT SUBJECT TO APPROVAL BY COUNSEL: YES NA /

BACK-UP MATERIAL:

Quote / Proposal from Clough, Harbour & Associates and Purchase Order # 139095

r11 !!\ ~ ... September 19, 2018

Mr. John LaClair, P.E., G.G.P. Airport Engineer Albany International Airport Administrative Building, Suite 20 Albany, NY 12211

RE: Scope and Fee - Geotechnical Engineering Services Proposal New Parking Fadllty & Elevated Pedestrian Walkway ACAA Contract S-989 CHA Proposal Number: XS5349

Dear John:

CHA is pleased to submit this proposal based on our discussions last week regarding the geotechnical engineering services for the New Parking Facility & Elevated Pedestrian Walkway project. The proposed Scope of Services and Professional Fee are outline~ below.

SCOPE OF SERVICES We understand that the Albany County Airport Authority (ACAA) will be issuing a separate Purchase Order to CHA to cover the services of our sub-consultant, as outlined in QCOA Laboratories, lnc.'s proposal, dated 9/18/18 (see attached), as well as CHA's coordination and oversight efforts in conjunction with QCOA Laboratories field and lab work.

PROFESSIONAL FEE CHA proposes to complete these services for a Lump Sum Fee of $147,425, which also includes associated CHA services.

Thank you for this opportunity to continue to assist ACCA with regards to providing you services that meet your project needs. If you have any questions or if we can be of further assistance, please contact me at (518) 453-8208.

Since rely,

/Z~IA/ZJL--Richard LaRose, AIA Sr. Project Manager

cc: John O'Donnell, Rich Amadon, Scott Ooehla, file

Interoffice Memorandum

To: Rich LaRose, Rich Amadon, Ryan Cyr

From: Scott Doehla

Date: September 18, 2018

Proposal for Geoteehnical Engineering Services Re: Albany International Airport Parking Garage

Colonie, NY

Pumose of Required Geotecbnical Services

The purpose of required geotechnical borings and report are as follows:

- The borings in the CT Male report, dated March 13, 2006, were done in the parking lot south of the existing garage, which is about 500 feet from our site. In those borings, the depth to till ranged from 65 feet to about 80 feet below grade ( over a distance of about 500 feet).

- Geologic mapping, as well as past project experience, shows that the glacial till and bedrock surfaces both slope downward towards the east/southeast across this portion of the airport. The depth to till within the borings we have done has been different within different areas of the airport, and it would be difficult to accurately predict that depth at the site without borings.

Of all the borings done at the airport, very few have encountered rock. Some borings show that the thickness of the till exceeds 40 feet in some areas. The intent of our boring program is to identify the depth to rock or at least show that the till is so thick that piles will get adequate support in that layer.

We are working on several other significant parking garage projects currently. For those projects (Stamford CT and Union Station CT), we performed 27 borings for a 46,000 sf garage and 18 borings for a 51,000 sf garage. The subsurface conditions at those sites varies across those project footprints, to a greater degree than at our site. The# of borings proposed for this site seems adequate based on the size of the project and knowledge of the subsurface conditions.

The attached image summarizes some nearby geotechnical work. You will see that the top of the till is 11 to 30' deeper in the tenninal than in the borings CT Male did, and based on our knowledge, could be 50' deeper at our site. Considering the # of piles that would be required for this project, we would recommend getting borings at the parking garage site, so that the depths can be adequately quantified.

CHA's structural engineers require a site-specific geotechnical report to design the foundation for the parking garage. In order to provide that, knowing the conditions at the site, borings are warranted.

Borings will assist in developing pile lengths for estimating and bidding purposes. Additional borings drilled will provide a better subsurface profile across the site, and the better we will be able to estimate pile lengths and therefore, the better the bids will be overall.

Scope of Services

A. Provide a geotechnical engineer to coordinate and manage the subsurface exploration program. The geotechnical engineer will attend weekly and monthly project meetings as needed.

B. Proyide a geotechnical engineer to visit the site and mark the location of the borings at the site in advance of mobilizing drilling equipment.

C. Subcontract a qualified drilling contractor to mobilize one rig and drill 10 borings within the footprint of the proposed ·parking garage. Borings will be located at the comers of the garage and evenly spaced along the perimeter of'the garage. Split-spoon soil sampling and standard penetration testing will be performed continuously to a depth of IO feet and at standard 5-foot intervals thereafter. Based on available subsurface data. it is anticipated that the top of the glacial till layer will be encountered at depths of approximately 110 feet below grade. Borings will be extended at least 10 feet into bedrock or to a ma.ximum boring depth of 160 feet. A groundwater observation well will be installed within one boring upon completion of drilling. The borings will be backfilled with drilled cuttings and supplemented with grout upon completion. Borings in paved areas will be patched with asphalt cold patch.

D. Provide one geotechnical engineer to monitor the drill rig and observe the drilling operations, describe soil and rock samples, prepare field logs, and make adjustments in the field as warranted based on the conditions encountered. The engineer will make two return visits to obtain additional water level measurements within the observation well.

E. Submit up to fifteen soil samples to a qualified laboratory for index testing.

F. Prepare a geotechnical engineering report that includes the following items:

• A brief description of the proposed project. • A description of the subsurface exploration. • A description of the in situ subsurface and geologic conditions. • Boring logs and a boring location plan. • Subsurface profile drawings. • Results of the laboratory testing. • Site and rock core sample photographs. • Geotechnical engineering recommendations for design and construction of driven pile

foundations for the proposed structure including recommended pile type, length, and allowable vertical capacity.

• Recommendations for foundation construction requirements including installation and load test procedures.

• Soil parameters for use in an analysis of pile response to lateral loading. • Seismic site classification and corresponding seismic design coefficients per the NYS

Building Code including a liquefaction assessment. • Earthwork construction recommendations including recommendations for fill materials,

site and subgrade preparation, and observation of foundation construction.

G. Provide design-phase services including evaluation of lateral pile response.

2

H. Provide bid and construction phase services including reviewing of bidder or contractor RFl's, shop drawings and submittals for pile driving and earthwork, pile installation and load test submittals, and periodic design visits as needed.

Assumptions

We offer the following assumptions relative to our scope of services. These assumptions are not intended to limit our proposal but are provided to clarify our understanding of the work required.

• CHA will be granted free and easy access to the project site and all properties contained therein. The borings can be perfonned by one drill rig during nonnal working hours (7 AM to 5 PM).

• No special security clearance or safety training is required to access the site. • Subcontracted drilling estimate is based on NYS prevailing wage rates. • The boring contractor will notify DigSafely NY prior to drilling. Locations of all existing

underground utility lines within the project area will be located and marked prior to drilling through this process or as the result of a private utility survey perfonned by others. In any event, CHA and our subcontractors will not be responsible for damage to unmarked utilities.

• No special drilling, sampling, handling and disposal procedures will be required for contaminated soils.

• Excess soil cuttings may be disposed of on-site at a location designated by the Client. • The drilling contractor may leave the drill rig on-site overnight or over a weekend. • Design of excavation support and dewatering systems {if required) are not included in this

scope of work. • Construction phase services do not include inspection of foundation construction or earthwork,

on-site monitoring of vibration or noise associated with the project. or any special inspection services.

• Subsurface data adequate for the development of geotechnical recommendations will be obtained within the planned excavation depths.

• Driven piles are the preferred foundation alternative due to schedule. Alternative foundation support options will not be considered.

Schedule

The subsurface exploration can begin within approximately two to three days from notice to proceed to the geotechnical group. One dri111ng rig will be mobilized. Drilling is anticipated to require a total of 30 to 40 rig-days. QCQA is available to start immediately, although they are not available the week of October 8th•

However, prior to drilling any borings, the underground site utilities need to be located and identified on site, in addition to QCQA notifying DigSafely NY.

If the schedule is unacceptable, we can consider bringing in another finn to supplement (a 2nd drilling rig in addition lo QCQA 's). This would incur additional cost for n 2nd driller, but would reduce QCQA 's cost, though the total amount could be increased.

Subsequent to the completion of all field work, the laboratory testing, analysis and geotechnical engineering report will be completed within 4 weeks.

3

Project Budget

Below please find our Technical Group's estimate for Direct Labor, Expenses, and Subcontract fees. Please note that the Direct Labor cost includes no fee factor or multiplier, which we expect to be applied by the market based on the project and client. We propose to be compensated for our services including subsurface exploration program coordination and supervision, preparation of a geotechnical engineering report, design and construction phase services, and miscellaneous expenses as follows:

• CHA Geotechnicnl Staff ........................................................... $ 54,150 • Direct Expenses ...................................................................... $ 800✓ • Drilling Subcontract• .............................................................. $89,975 • Laboratory Testing** ............................................................... $ l .500 ✓

(QCQA Laboratories, Inc. - SDVOB)

Total Fee and Expenses: $146,425

"' The drilling amount reflects QCQA 's estimated project cost (see attached QCQA proposal), as well as an estimated cost for rock coring (see attached CHA email, dated 9-18-18).

** Based on QCQA 's attached Laboratory Testing Rates schedule, we estimate lab testing to be $1,500.

V:\Srandurds\Gco\Gco P roposols'<_ln1cmnlProposals20l8•,Albany lnll Airport Parking Garagc\Gco1cchnkul Proposal docx

QCQA :9~,:o;"" tAoDRAToR1cs.1 Ne. ~\\\\~ DRILLING & TESTING SERVICES

September 18, 2018

Scott Doehla CHA Companies Ill Winners Circle P.O. Box 5269 Albany, New York 12205

Subject: Drilling Services Albany Airport Parking Structure

Scott::

New York State Certified Scrvicc-Dlsablro Vctcran-Ownc:<l 0uslnc.s

Pursuant to your request, QC/QA Laboratories, Inc. is pleased to provide you with this proposal for drilling services at the above referenced site. We understand the scope of work includes drilling ten borings to approximately 160 feet with continuous sampling to 10' and standard sampling thereafter. Our unit rates detailing the anticipated cost items (prevailing wage) with this project is as follows.

ESTIMATED ESTIMATED DESCRIPTION UNIT RATE QUANTITY TOTAL

MOBILIZATION/DEMOBILIZATION $800.00/LS 1 $800.00

Drilling In Overburden (0 to 175') $44.00/FT 1600 $70,400.00

Rock Coring $75.00/FT u~"i!> ~>,/,'117 S0:6(1' ,-

Grout $8.00/FT 1575 $12,600.00

Monitoring Well Installation $15.00/FT 25 $375.00

Flush Mount Cover $175.00/EA 1 $175.00

ESTIMATED TOTAL PROJECT COSTS ......... - - --_ ~-·-;uu

We anticipate that each boring will take 3 - 4 days to complete, with a total duration of 30 to 40 days ( 6 to 8 weeks). We are available to start immediately, although are not available the week of October 8th.

If you have any questions or require additional infonnation, please do not hesitate to call this office.

Sincerely: QC/QA Laboratories, Inc.

William G. Stanton President

877 Route 4 S • Schuylerville, New York 12871 • Ph (S18)372-4067

From: Doehla, Scott Sent: Tuesday, September 18, 2018 9:40 AM To: laRose, Richard <[email protected]>; Treers, Ron <[email protected]>; Martelle Sr, Jeremy <JMartelle@chacompaniegom> Subject: RE: Airport Parking

Rich, Please note the quote from QCQA does not include rock CjJing. I would budget at least 75 feet of rock coring for an additional $5,625 or total fee of $89,975 ., ----From: Ooehla, Scott Sent: Tuesday, September 1B, 2018 8:19 AM To: LaRose, Richard <[email protected]>; Treers, Ron <[email protected]>; Martelle Sr, Jeremy <[email protected]> Subject: RE: Airport Parking

Rich, Attached is the updated quote from QCQA. You'll see they are estimating 3-4 days per boring. This would make the job take quite long. Also note they are not available the week of October 8. I can get ATL probably the week of October 8111 to supplement.

Scott

Scott M. Ooehla, P.E. Senior Engineer V Section Manager • Geotechnical CHA - design/construction solutions Office: (518) 453-eno [email protected] www.chacompanies.com

Responsibly Improving the World We Live In

QCQA ~\\\\~

DRILLING & TESTING SERVICES

New Ymk State Certified Siir.1!1-£'.i.::i1dl~'.m.··0w:-e-:iB1:i"m1

Laboratory Testing Rates CHA-2018

Soils and Aggregate

• Grain Size Analysis w/#200 wash D-422 (Bulk sample) • Grain Size Analysis w/#200 wash D-422 (Jar Sample) • Grain Size Analysis w/Hydrometcr D-422

• Atterbcrg Limits D-4318

• Natural Water Content D-2216

• Standard Proctor Test D-698 • Modified Proctor Test D-1557

• LA Abrasion C-535 or C-131

• Rcmoldcd Pcnncability (cohesive) D-56084 • Undisturbed Permeability D-5084 • Rcmoldcd Pcnncability (sand) D2434 • Rcmoldcd Pcnneability (Gravel) D2434

• Coarse Aggregate Specific Gravity C-127 • Fine Aggregate Specific Gravity C-128 • Specific Gravity of Soils D-854

• pHD-4972 • Organic Content by Ignition D-2974

Asphalt

• Maximum Specific Gravity D-2041 • Bulk Specific Gravity • Ignition Oven Extraction and Gradation

s 50.00 s 45.00 s 90.00

s 6S.00

$ 10.00

$ 80.00 $ 100.00

$ 250.00

$ 250.00 s 200.00 s 175.00 $ 250.00

$ 75.00 $ 90.00 $ 95.00

$ 25.00 $ 25.00

s 75.00 s 35.00 s 1S0.00

TAX EXEMP'f ID# SCHEDULED DELIVERY

ON OR BEFORE:

14-1768979


PURCHASE ORDER

CONFIRMING DO NOT DUPLICATE

PURCHASE ORDER:

DATE:

139095

10/10/2018

VENDOR: Clough, Harbour, & Assoc.LLP-CAP Show the above purchase order number on all shipping containers

and correspondence. This order is subject to the tenn.s and conditions on the face and reverse side hereof. No changes may be made without the written con.wnt of the purchaser. See reverse side for billing instructions.

3 Winner's Circle PO Box 5269 Albany NY 12205-0269

QUANTITY UNIT

EACH

.,//

// I

i

\

\ '

NOTES:

52908

DESCRIPTION

Confirming

su1P -ro: Onsite Service 737 Albany Shaker Road Albany NY 12211 Albany NY 12211

UNIT PRICE EXTENDED PRICE

$89,975.00 $89,975.00

TOTAL: ____ ...;$_89...;,_97_5_.o_o_

~zEDSIGNATllllE

FAXED __ DATE.___ _ _,.. __ Bv ______ _

iJnAJed 16/to}t -JohnW/ii1e--PURCHASING DEPARTMENT• ALBANY COUNTY AIRPORT AUTHORITY • AI.IIANV, N•:w YORK 12211-1059 • T•:u:PHONt: (518) 242-2222 • FAX (518) 242-2640


Report issuance of Emergency Contract (Purchase Order) for New Bag Belt System for

Allegiant Airlines



INFORMATIONAL

DEPARTMENT: Contact Person: John A. O’Donnell, Chief Executive Officer PURPOSE OF REQUEST: Report issuance of Emergency Contract (Purchase Order) for New Bag Belt System for Allegiant Airlines CONTRACT AMOUNT: Purchase Order No. 139018 $ 77,297 BUDGET INFORMATION: Anticipated in Current Capital Plan: Yes √ No NA FISCAL IMPACT - FUNDING (Dollars or Percentages) Federal State Airport 100% __ NA ______ Funding Source: CPN 2290 Capital Equipment *

*Maybe reimbursed from available bond proceeds JUSTIFICATION:

This is for the baggage system for Allegiant Airlines. To meet the installation date of the first week of December, the purchase order had to be issued to Automatic Systems, Inc. as soon as possible. Their proposal is attached. This purchase was deemed by the Chief Executive Officer to be in the best interest of the Airport in accordance with Section 3.3 of the Authority Procurement Guidelines. Section 3.3 reads as follows:





FINAL AGREEMENT SUBJECT TO APPROVAL BY COUNSEL: YES NA √ BACK-UP MATERIAL:

Quote / Proposal from Automatic Systems, Inc. and Purchase Order # 139018

AUTOMATIC SYSTEMS, INC. KANSAS CITY - AUBURN HILLS - LANSING

HOWELL - SHANGHAI - LEON www.asi.com

7. We have not included any monies for offsite storage or multiple shipments. We assume that all conveying equipment can be delivered and received at the same time.

8. We have not included any monies for the moving of any EDS machines in our proposal.

9. We have not included time or money for ground penetrating radar (or other means) to locate existing building utilities. All building utility work is to be done by others and any potential interferences are to be brought to our attention.

10. Our proposal cost breaks down: a. ForTC5: b. For TC3 and TC6 Lump Sum Total:

(Engineering, Material, Fabrication, Installation and Commission)

Please note: In order for us to design, build, deliver and install conveyor in TC5 Bag Room by early December, we would need a PO before/by the end of Friday, September 28, 2018.

Thank you for the opportunity to quote your requirement. Should you have any questions or require additional information, please feel free to contact me at your convenience.

Sincerely,

Phillip Nguyen BHS General Manager AUTOMATIC SYSTEMS, INC. 9230 E. 47th Street Kansas City, MO 64133 Office (816) 356-0660 Direct (816) 313-3281 Cell (816) 365-4252 Web www.asi.com

$ J.o&--O. ao j3fl15

AUTOMATIC SYSTEMS, INC.

September 27, 2018

KANSAS CITY - AUBURN HILLS - LANSING HOWELL-SHANGHAI-LEON

www.asi.com

John LaClair, P.E., G.G.P. Airport Engineer Albany County Airport Authority Cell: 518-378-5959 [email protected]

Reference: Baggage Handling Systems (BHS) Conveyors in Bag Room for TC3, TC5 & TC6 Albany County Airport ASI Quotation C-7168

Dear John:

We are pleased to provide our quotation for the referenced project as follows.

These paragraphs highlight our proposal:

1. Conveyors in Bag Room for TC3: a. Provide new MCP and demo/remove existing MCP. b. Provide new conveyors as currently in TC2 Bag Room c. Provide new guard rails d. Assume existing Ticket Counter conveyor, conveyors in the tunnel,

security doors and wind curtains are all in good conditions and will be reused.

e. Assume the Owner and/or others will be responsible for EDS machines and their technical support personnel.

f. Assume the Owner and/or others will be responsible for all field wiring (electrical works).

2. Conveyor in Bag Room for TC5: a. Provide a new indexing unload conveyor. b. Provide new guard rails c. Re-use existing MCP. d. Assume existing Ticket Counter conveyor, conveyors in the tunnel,



AUTOMATIC SYSTEMS, INC. KANSAS CITY - AUBURN HILLS - LANSING

HOWELL - SHANGHAI - LEON www.asi.com


3. Conveyor in Bag Room for TC6 - Same as TC5: a. Provide a new indexing unload conveyor. b. Provide new guard rails c. Re-use existing MCP. d. Assume existing Ticket Counter conveyor, conveyors in the tunnel,




4. We have not included taxes in our proposal.

5. We have assumed that we will receive escort while perform works for TC5.

6. We have not included P&P bond but is available at a rate of 1.25%.

The following notations are pertinent to our quotation including detail items that we have assumed are to be covered by the Owner and/or others.

1. Our quotation does not include any architectural, civil or building modifications, such as floor or wall openings or truss reinforcement.

2. Our quotation does not include concrete slab for MCP, we assume the Owner/others will provide if required.

3. Our quotation does not include temporary construction walls, as we assume the Owner/others will provide these.

4. Field wiring and electrical works are provided by the Owner/others.

5. Building alarms and building management systems that interface with BHS equipment is by the Owner/others.

6. Any modifications or additions to the fire protection system is by the Owner/others.

rAX EXEMPT ID# iCHEDULED DELIVERY

ON OR BEFORE:

14-1768979

'ENOOR' 'Automatic Systems Inc. 9230 E. 47th Street Kansas City MO 64133

QUANTITY UNIT

EACH

~OTES:

52829


PURCHASE ORDER

CONFIRMING DO NOT DUPUCATE

PURCHASE ORDER: 139018

9/28/2018

DESCRIPTION

Confirming

DATE:

Show the above purchase order number on all shipping containers and correspondence. This order is subject to the tem1S and conditions on the face and reverse side hereof. No changes may be made without the written consent of the purchaser. See reverse side for billing instructions.

SmP TO: Onsite Service 737 Albany Shaker Road Albany NY 12211 Albany NY 12211

UNIT PRICE EXTENDED PRICE

$77,297.00 $77,297.00

TOTAL: _____ $_7_7,_29_7_.o_o_

FAXED DATE I -:13y ;~ --'I (YYI A-i led '1 /,Jf:;; 8' (JiJnn µtcf IV)

PURCHASING DEPARTMENT• ALBANY COUNTY AIRPORT AUTHORITY• Al,BANY, NEW YORK 12211-1059 •Tt:u:PHON~; (518) 242-2222 • FAX (518) 242-2640

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