Aeronautics Budget & Capital Performance

View of Airport Runway

Capital Budget Disbursement

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[Data Table]

Capital budget disbursement is the percentage of total allocated capital budget that is disbursed to contractors, vendors, etc. by the end of the fiscal year. This measure is an indicator of how well the Aeronautics Division executes its planned expenditures.

The Aeronautics Division set a FY20 goal to spend at least 92 percent of the funds budgeted for airport capital improvements each year.  In FY20, the Division’s performance exceeded that target and 100 percent of budgeted funds were disbursed.

Percentage of Projects Completed On/Under Budget

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[Data Table]

This measure compares the number of projects completed on or under budget against all projects. The Aeronautics Division manages projects through extensive project and internal controls. These metrics, along with other factors, provide an indication of the effectiveness of those strategies within grant projects conducted during the fiscal year.

In FY20, the Aeronautics Division awarded a total of 177 contracts; 147 contracts began this fiscal year and 128 or 87 percent of these were completed on or under budget. The FY20 target was 85 percent of projects completed on/under budget, which FY20 reporting exceeds. This measure saw a 9 percent drop in performance over FY19. This decrease in performance is due to pandemic impacts to contracts, where many projects were delayed. Projects may experience negative fiscal impacts as they become delayed.

Percentage of Projects Completed On/Under Time

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[Data Table]

This measure compares the number of projects completed on or under time against all projects. This metric provides an indication of the division’s effectiveness in managing projects to established timelines.

Of the 177 contracts awarded in FY20, 105, or 71 percent were considered substantially completed on time. The FY20 target for this measure is to have 90 percent of all projects completed within the timeframe established in the contract. The pandemic caused significant delays leading to 6 percent drop in on time performance in FY20.