TagBudget(117)
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2025-08-12Port Of Seattle Debt Service Coverage Ratio — 2025 Forecast vs. Budget (Page 213)
A financial presentation slide from the Port of Seattle (Sea-Tac Airport) showing the Debt Service Coverage Ratio for 2025, comparing actual 2024 figures, 2025 forecast, and 2025 budget. The slide indicates the debt service coverage ratio is 1.82 (forecast) versus a budgeted 1.84, with total revenues of $938,189K forecasted, and notes that non-aero revenues are projected $4.7M below budget while O&M spending is projected $8.8M over budget. This is page 213 of 292 of a larger document. -
2025-08-12Sea-Tac Airport 2025 Operating Expenses vs. Budget — RM Packet Slide 212 (August 12, 2025)
A financial presentation slide showing 2025 operating expenses forecasted at $562M versus a budget of $553M, representing $8.9M or 1.6% over budget. The OPEX breakdown by category (Payroll, Outside Services, Utilities, Other Expenses, Other Division Charges, ERL) attributes the overage primarily to higher wages and benefits, a TSA exit lane contract, and higher Central Services charges. -
2025-08-12Sea-Tac Airport Financial Summary: Revenue and O&M Expense Forecast vs. Budget — Slide 211
A financial summary presentation slide showing revenue, O&M expenses, and key measures comparing forecast versus budget figures in thousands of dollars. Total revenues forecast at $938,189K versus budget of $936,117K, with operating expenses expected to exceed budget by $8.8M, partly attributed to TSA exit lane staffing contracts. -
2025-08-12Port Of Seattle Commission Regular Meeting — Q2 2025 YTD Operating Expenses Financial Summary (Slide 210)
A financial summary slide showing Q2 2025 Year-To-Date operating expenses of $264M actual versus $273M budgeted, resulting in $9.2M or 3.4% under budget. Key variances include a $5M payroll overrun, $18M underspend in outside services, $6.4M higher other expenses, and $2.3M lower central services charges. -
2025-08-12Sea-Tac Airport 2025 Passenger Forecast vs. Budget — RM Packet (Page 209)
A bar chart from a Sea-Tac Airport budget/forecast presentation (page 209 of 292) showing actual total passengers from 2021 (36.2M) through 2024 (52.6M), alongside a 2025 budget of 53.5M and 2025 forecast of 53.1M. The slide notes a 0.9% forecast growth compared to 2024 actual, and that the 2025 forecast is 0.7% lower than budget. -
2025-08-12Sea-Tac Airport 2025 Capital Expenditures Financial Summary — RM Packet Page 252
A financial summary table from what appears to be a Seattle-Tacoma International Airport board or budget report (page 252 of 292) detailing 2025 capital expenditures, showing projects including C Concourse Expansion, SEA Gateway, Post IAF Airline Realignment, and others, with total spending of approximately $806.9M forecast against a $816.3M budget. Footnotes explain variances for each major project. -
2025-08-12Sea-Tac Airport ADF Sources and Uses Summary — 2025 Forecast vs. Budget (Page 251)
This slide (page 251 of 292) presents the Airport Development Fund (ADF) Sources and Uses summary for Seattle-Tacoma International Airport, comparing 2025 forecast against 2025 budget. Key figures include a 1/1/2025 ADF balance of $739,774K (forecast) vs. $703,614K (budget), total sources of $957,838K, total uses of $(867,612)K, and a projected 12/31/2025 ADF balance of $830,000K, meeting the 18-month operating expense target. -
2025-08-12Sea-Tac Airport ADR Revenue Trends by Segment, 2019–2025 — Slide 249
A presentation slide titled 'Non-Aero Detail: ADR Revenue Trends' showing Airport Dining & Retail revenue data for Seattle-Tacoma International Airport from 2019 through 2025, including segment breakdowns (Duty Free, Food & Beverage, Retail, Services, Advertising, Other) and total ADR revenues by year. The slide notes that 2025 revenue growth is slower than the 2025 Budget forecast, with the budget target appearing to reach approximately $75-80M. -
2025-07-24Q2 2025 financial performance briefing
The Port of Seattle's Q2 2025 financial performance briefing reports overall operating revenues of $533.1 million for the first half of 2025, coming in $1.2 million above budget and $39.2 million higher than the same period in 2024. Operating expenses of $321.2 million came in $12.8 million under budget, driven largely by delays in outside services and equipment spending. Net operating income before depreciation reached $211.9 million, exceeding budget by $14.1 million. -
2025-06-30Port Of Seattle Q2 2025 financial performance report
The Port of Seattle's Q2 2025 Financial Performance Report, covering the period through June 30, 2025, shows Seattle-Tacoma International Airport (SEA) passenger volume running 1.6% above the same period in 2024, with approximately 53.1 million passengers projected for the full year. Portwide operating revenues came in $1.2 million above budget while operating expenses ran $12.8 million below budget, resulting in a net operating income before depreciation of $14.0 million above budget. The report covers financial results across the Aviation, Maritime, Economic Development, and Central Services divisions.