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 long-term target to spend 100 percent of the funds budgeted for airport capital improvements each year. In FY22, the Division’s performance achieved that target.
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 FY22, the Aeronautics Division had 104 open contracts programmed for completion by end of fiscal year. 97, or 93%, of these were competed on/under budget in FY22. The FY22 target was 90 percent of projects completed on/under budget, meaning the Aeronautics Division surpassed its goal by 3%.
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.
In FY22, The Aeronautics Division had 104 open grants programmed for completion by end of fiscal year. Each project’s spend rate was calculated against the programmed completion date and averaged to an 94% on/under time completion rate for the capital program with 98 of the 104 projects being completed on/under time. FY22 and FY24 targets for this measure are to have 92% of all projects completed within the timeframe established in the contract. The Aeronautics Division was able to fulfill this goal.
