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Midwest Transportation Consortium Seminar February 2003
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Waterloo Regional Airport
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AgendaWaterloo Airport OverviewIssues Regarding Regional AirportsAirport FinanceState of Airline IndustryALO - Economic Business ProposalEconomic Development, IT
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Airport OverviewALO - General
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Waterloo Regional Airport (ALO)Located in NW Iowa Consists of 2,600 acres (map)Located 6 miles North of downtown Waterloo3 Runways1 airline NWA2 FBOs
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ALO (Cont)3 Car Rental AgenciesANG UnitIndustrial Park MidportOwned & Operated by City of WaterlooOverseen by Airport Board
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Roughly 177,000 people live within 25 miles of Waterloo
Waterloo
Cedar Rapids
Des Moines
17
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True North Core CompetenciesSafetySecurityBuild & Maintain InfrastructurePromote and Market Business Development
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ALO Goals1. Meet and Exceed True North core functions 1. Safety Exceed FAR Part 139 requirements and inspections 2. Security Exceed Part 1540 requirements and inspections 3. Build and Maintain Infrastructure Implement 5 Year CIP and obtain discretionary funding 4. Promote and Market Business Development- Implement Marketing Plan Efforts Benchmark: Evaluations of FAA Security and Certification Inspections, completion of CIP projects, evaluation of business activity.
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Goal #2 Attract regional jet (RJ) service and lower air fares
2. 1. Work with Air Service Task Force (ASTF) to coordinate community financial support to entice new RJ service through marketing money, increased business commitment to travel ALO and the City of Waterloo to identify financial support.
2. Meet with NWA quarterly to review revenue hurdles, discuss service issues, and discuss future service.
3. Apply and lobby for air service grant to acquire funding for air service development efforts, including revenue hurdle guarantees, consultant work, marketing, etc.
4. 4. Host NWA fare analyst to tour Cedar Valley travel agencies to enable agencies to establish rapport with analyst for assistance in identifying markets that are uncompetitive and price fares more equitably with CID.
5. 5. Present economic business proposals to NWA in 4Q 03 for increased flight - RJ service to DTW and review status of fares to ALO.
6. 6. Present economic business proposals to Air Wisconsin (AW) in 4Q 03 for RJ service and improved fares depending upon reaction of Mesaba.
7. 7. Meet with Congressional staff to inform them of local efforts to improve air service and identify additional areas of assistance Congress can provide.
8. 8. Conduct subsequent meetings and proposals to NWA and AW quarterly to update the airlines on ALO and to provide for future improvements in air service. Benchmark: Comparison to service at ME Feb 03 levels using 10% DOT Sample
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Goals # 3Become Financially Self-Sufficient1. 1. For FY 03, propose financial split of capital cost with Cedar Falls to reduce tax support from 02 level of $ 120,000 to $ 60,000.
2. 2. Generate cost centers for airport budget to establish fully allocated costs for running airport.
3. 3. Execute airline contracts using compensatory and residual agreements to ensure long-term market based break even.
4. 4. Increase revenues from current $ 870,000 to $ 913,500 (5%).
5. 5. Limit expenditures to C.O.L. ($ 20,000 2%). Benchmark: Comparison to FY 02 budget
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Goal # 4Develop and Implement Marketing Program
1. Generate comprehensive marketing program
Establish funding streams to implement marketing program.
Evaluate effectiveness of improved information and goodwill. Benchmark: Evaluate progress on marketing plan no current plan in place, evaluate feedback from business and tourism community to gauge improvement.
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ALO - Budget
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Airport Funding Revenues(Day to Day Fund $ 1,014,895)
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Airport Funding RevenuesDay to Day fund ($ 1,014,895)
Chart1
145000
101100
118695
130600
129489
132000
139316
Parking Lot145,00016%
Farm$ 101,10011%
City of Waterloo$ 78,6958%
Car Rentals$ 130,60015%
Terminal Rent$ 129,48914%
Landing Fees$ 132,00015%
Misc.$ 179,31620%
Exp
PersonnelBuilding MaintUtilitiesARFFProfessional ServicesMisc.
$434,981$100,000$103,275201,57969,150$105,910
&C&"Arial,Italic"&16Waterloo Regional Airport (ALO)FY 2003 Expenditures
Exp
0
0
0
0
0
0
&C&"Arial,Italic"&16Waterloo Regional Airport (ALO)FY 2003 Expenditures
Misc.$ 105,91010%
Professional Services$ 69,1507%
ARFF$ 201,57920%
Utilities$ 103,27510%
Building Maint$ 100,00010%
Personnel$ 434,98143%
Rev
Parking LotFarmCity of WaterlooCar RentalsTerminal RentLanding FeesMisc.
$145,000$101,100$118,695$130,600$129,489$132,000$139,316
Rev
0
0
0
0
0
0
0
&C&"Arial,Italic"&16Waterloo Regional Airport (ALO)FY 2003 Revenues
Misc.$ 139,31616%
Landing Fees$ 132,00015%
Terminal Rent$ 129,48914%
Car Rentals$ 130,60015%
City of Waterloo$ 118,69513%
Farm$ 101,10011%
Parking Lot145,00016%
Act comp
199920002001
Rev$849,082$817,524$846,375
Exp$871,574$895,281$904,530
Act comp
000
000
000
&C&"Arial,Italic"&14 3 Year Actual Revenue / ExpenditureComparison Waterloo Regional Airport (ALO)
FY 1999
FY 2000
FY 2001
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Airport Funding Expenses(Day to Day Fund $ 1,014,895)
Chart2
$434,981
$100,000
$103,275
$201,579
$69,150
$105,910
Personnel$ 434,98143%
Building Maint$ 100,00010%
Utilities$ 103,27510%
ARFF$ 201,57920%
Professional Services$ 69,1507%
Misc.$ 105,91010%
02INCWS
1BCDEFGHI
2RAPID CITY REGIONAL AIRPORT
3Prepared By: Bradley A. HagenFY 2002 ENTERPRISE FUND INCOME PROJECTION
4Effective Date: 04/05/01
5Excel File: 2002 RAP Working Budget.xls(See billing worksheets for detailed information)Note: Sub-file at L7..AT118
6=========
7INCOME SOURCEIncomeUnitsNumber ofAnnual RateAnnual% ofRem: This table should be retained - it accumulates income by fund for the income summary at the bottom of the report. (FLM)
8AccountUnitsPer UnitIncomeTotal
9=========
10DEPARTMENT 850 = 606 & 903 = 501 FUND INCOME - TERMINAL RELATED:NOTESDEPARTMENT 850-606 ACCOUNT CODES
11=========---------------------------------------
12AIRLINES3116312431263414341534163417341835103521352235233613361436153619363036543660388639413942394339443945394639473948394939513952395439553956395739593984399139923995
13Landing Fees39411000 lb300,000$1.35$405,000$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$405,000$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
14Terminal Bldg O&M (Rate #1)3942sq. ft.27,669$14.81$409,778$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$409,778$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
15Terminal Bldg O&M (Rate #2)3942sq. ft.3,384$7.42$25,109$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$25,109$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
16Rent (Term. Depreciation)3943sq. ft.$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
17Fuel Sales3949Gallons9,000$0.95$8,550$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$8,550$0$0$0$0$0$0$0$0$0$0$0
18Employee Parking3995Spaces40$120$4,800$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$4,800
19--------$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
20Sub-Total$853,23739.49%$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
21$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
22CAR RENTAL AGENCIES$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
23Terminal Bldg O&M (Rate #1)3942sq. ft.$14.81$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
24Rent (Term. Depreciation)3943sq. ft.$4.68$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
25Commissions (Minimum)3956Lump Sum1$60,000$60,000$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$60,000$0$0$0$0$0$0
26Commissions (Above $12,000)3956Lump Sum$4,700,00010%$470,000$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$470,000$0$0$0$0$0$0
27Car Rental Parking3944Space$168$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0--------$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0Sub-Total$530,00024.53%$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0RESTAURANT$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0Term. Bldg O&M (Fuel only)3942sq. ft.3,890$5.25$20,423$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$20,423$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0Garbage Fee3942Lump Sum1$1,200$1,200$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$1,200$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0Rent (Term. Depreciation)3943sq. ft.$4.68$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0Commission3946Lump Sum1$20,000$20,000$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$20,000$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0Employee Parking3995Space18$120$2,160$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$2,160
0--------$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0Sub-Total$43,7832.03%$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0GIFT SHOP$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0Term. Bldg O&M (Fuel only)3942sq. ft.941$7.79$7,330$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$7,330$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0Rent (Term. Depreciation)3943sq. ft.$4.68$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0Commission3957$$183,5003%$5,505$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$5,505$0$0$0$0$0
0Employee Parking3995Space3$120$360$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$360
0--------$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0Sub-Total$13,1950.61%$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
INCOME SOURCEIncomeUnitsNumber ofAnnual RateAnnual% of
0AccountUnitsPer UnitIncomeTotal$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0DAKOTA AMUSEMENTS$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0Commission (4% of gross)3416$$162,5004%$6,5000.30%$0$0$0$0$0$6,500$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0AIRPORT LIMO$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0Terminal Bldg O&M (Rate #1)3942sq. ft.240$7.94$1,906$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$1,906$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0Rent (Term. Depreciation)3943sq. ft.$4.68$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0Commercial Parking3952Space4$37.50$150$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$150$0$0$0$0$0$0$0$0$0
0--------$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0Sub-Total$2,0560.10%$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0INTERSPACE ADVERTISING$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0Term. Bldg. O&M (Elect)3942Lump Sum$2,000$0Lamar = Outdoor Billboard $3,500/yr.$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0Advertising Commission3947Lump Sum1$25,000$25,000$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$25,000$0$0$0$0$0$0$0$0$0$0$0$0$0
0--------$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0Sub-Total$25,0001.16%$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0AT&T InterLATA (18% Comm)3417$$42,50020%$8,5000.39%$0$0$0$0$0$0$8,500$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0AIRINC RADIO$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0Terminal Bldg O&M (Rate #1)3942sq. ft.100$7.94$794$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$794$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0Rent (Term. Depreciation)3943sq. ft.$4.68$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0--------$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0Sub-Total$7940.04%$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0APCOA PARKING$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0Minimum3952Lump Sum1$325,000$325,000$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$325,000$0$0$0$0$0$0$0$0$0
0Commission3952N/A1$95,000$95,000$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$95,000$0$0$0$0$0$0$0$0$0
0--------$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0Sub-Total$420,00019.44%$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0=========$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0SUB-TOTAL TERMINAL AND PARKING LOT INCOME:$1,903,06588.08%$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0=$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0NON TERMINAL INCOME:$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
OLD TERMINAL BLDG.3945N/AN/A$6,5000.30%$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$6,500$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0=$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0LAND/PRIVATE HANGAR RENTS3521$N/AN/A$18,9830.88%$0$0$0$0$0$0$0$0$0$18,983$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0PASTURE RENTS3948$N/AN/A$6,0000.28%$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$6,000$0$0$0$0$0$0$0$0$0$0$0$0
0CRP PROGRAM (+ Defcncy Pymts)3984$N/AN/A$00.00%$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0FBO'S$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0Land Rent3521Lump Sum1$6,607$6,607$0$0$0$0$0$0$0$0$0$6,607$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0Fuel Flowage Commission3951Gallons1,750,000$0.02$35,000$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$35,000$0$0$0$0$0$0$0$0$0$0
0Fuel Sales3949Gallons10,527$0.95$10,001$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$10,001$0$0$0$0$0$0$0$0$0$0$0
0--------$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0Sub-Total$51,6082.39%$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
INCOME SOURCEIncomeUnitsNumber ofAnnual RateAnnual% of
0AccountUnitsPer UnitIncomeTotal$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0FAA BUILDING3954Lump Sum1$15,000$15,0000.69%$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$15,000$0$0$0$0$0$0$0$0
0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0MISCELLANEOUS$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
Airport Flight Property Tax3116Lump Sum1$50,000$50,0002.31%$50,000$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
WREA Tax Credit3124Lump Sum1$3,000$3,0000.14%$0$3,000$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0Gate Card Deposit3415N/AN/A$2000.01%$0$0$0$0$200$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0Recovery of Direct Expense3418Lump Sum1$25,000$25,0001.16%$0$0$0$0$0$0$0$25,000$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0Interest Earned3510Lump Sum1$16,000$16,0000.74%$0$0$0$0$0$0$0$0$16,000$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0Building Rental352212$1,084$13,0080.60%$0$0$0$0$0$0$0$0$0$0$13,008$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
Sale of Equipment3614N/AN/A$00.00%$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0Refund & Overpayment3654N/AN/A$00.00%$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
04% State Sales Tax3886N/AN/A$5000.02%$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$500$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0Non-Signatory Landing Fees3941Lump Sum1$3,000$3,0000.14%$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$3,000$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0JetWay Rental395512$2,917$35,0041.62%$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$35,004$0$0$0$0$0$0$0
0Air Flight Property Tax3116Lump Sum1$00.00%$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0Other Misc.3959Lump SumN/AN/A$1,5000.07%$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$1,500$0$0$0$0
0Parking Violations3992N/AN/A$1,5000%$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$1,500$0
0Commuter Parking Fees399530AMT VARIES$10,6800.49%$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$10,680
0--------$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0Sub-Total$159,3927.38%$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
0=
0SUB-TOTAL, NON TERMINAL INCOME:$257,48311.92%$50,000$3,000$0$0$200$6,500$8,500$25,000$16,000$25,590$13,008$0$0$0$0$0$0$0$0$500$408,000$466,540$0$0$6,500$20,000$25,000$6,000$18,551$35,000$420,150$15,000$35,004$530,000$5,505$1,500$0$0$1,500$18,000
0=
0TOT. EST. 606 FUNDS 2001 INCOME:$2,160,547100.00%
0=
0=
0-----------2001 INCOME ESTIMATE SUMMARY FOR 606 AND 501 FUNDS-----------------
0=
0AccountUnitsNumber ofAnnual RateAnnual% Of
0Account NameNumberUnitsPer UnitIncomeTotal
0=
0606 FUND = DEPT 850
0Air Flight Tax3116$50,0002.31%
0WREA Tax Credit3124$3,0000.14%
0Gate Card Deposit3415$2000.01%
0Vending Machine Commissions3416$6,5000.30%
0Telephone Commissions3417$8,5000.39%$12,000$3,000$7,000$30,000$230,075$0$95,451$0$1,300$0$9,720
0Rec of Dir Exp3418$25,0001.16%
0Interest Earned3510$16,0000.74%
0Land/Private Hangar Rents3521$25,5901.18%
0Building Rental3522$13,0080.60%
Sale of Equipment3614$00.00%
0Refund & Overpayment3654$00.00%
04% State Sales Tax3886$5000.02%
0Landing Fees3941$408,00018.88%
0Terminal Building O&M3942$466,54021.59%
0Terminal Depreciation3943$00.00%Fund 734 to be used for Capital Improvements
0Car Rental Agency Parking3944$00.00%
0Old Terminal3945$6,5000.30%
0Bar/Cafe Commissions3946$20,0000.93%
0Advertising Rent/Commissions3947$25,0001.16%
0Pasture Rent3948$6,0000.28%
0Fuel Sales3949$18,5510.86%
0Fuel Flowage3951$35,0001.62%
0Limo & Parking Lot Concess.3952$420,15019.45%
0FAA Building3954$15,0000.69%
0JetWay Rental3955$35,0041.62%
0Car Rental Commissions3956$530,00024.53%
0Gift Shop Commissions3957$5,5050.25%
0Miscellaneous3959$1,5000.07%
0CRP Program3984$00.00%
0Parking Violations3992$1,5000.07%
0Employee Parking3995$18,0000.83%
0---------
0606 FUND$2,160,547100.00%
0(Check sum - should equal zero)$0
0734 FUND
0Terminal Depreciation3943$169,528
0782 FUND
0Passenger Facility Charges3958$426,000
0
0
0
0
0
0-
0
0
0
0
&LWorking Budget&CPage &P&RIncome WorksheetPrint Date: &D
02APTBGT
ABCDEFGHIJKLMNO
2Prepared By: Bradley A. HagenWATERLOO REGIONAL AIRPORT
3Effective Date: 06/03/02FY 2003 BUDGET
4Excel File: 2003 ALO Working Budget.xls
5
6GeneralTerminalTerminalFederalNon-Runways/GeneralRoadway &FarmAirportNEW
7Admin.Airline/PublicBuildingTerminalTaxi Areas/AviationPark LotLandFireTOTALSPASSENGERTOTAL
8AccountTenantAreasBuildingsApronsAreasMaint./Rpr.StationGENERALTERMINALAIRSIDELANDSIDESPECIALALL
9NumberDescription207120722073207420752076207720782079NOTESADMIN.BUILDINGAREAAREAFACILITYCOST CENTERS
10======
11ESTIMATED REVENUES FOR 2003
12
133722Refunds$1,500$1,500$0$0$0$0$1,500$0$0
143820Sales Tax Refund$0$0------$0
03361State Grants$1,500$1,500
03449Parking Lot$0$0
03453Landing Fees$137,000$137,000$0
FBO Commissions$5,000$5,000
Fuel Flowage Fees$18,000$18,000
03477Gas Sales$35,500$35,500$0$0$0$0$0$0$0
03483Restaurant Fees$7,200$7,200$0$0$0$0$0$0$0
03485Fuel Reimbursement$6,000$6,000$0$0$137,000$0$137,000$0$0
03491Telephone$2,000$2,000$0$35,500$0$0$35,500$0$0
3496Phone Reimbursement$0
03621Equipment Rental$6,500$6,500$0$7,200$0$0$7,200$0$0
03800Misc. Revenue$20,000$20,000
03873Utility Reimbursement$10,000$10,000$0$0$0$0$0$0$0
0Farm Lease$101,100$101,100$0$0$0$0$0$0$0
0$0$0$0$0$0$0$0$0
0$0------$0
0Hangar Rentals$43,800$43,800$0$0$0$0$0$0$0
0FBO Rent$18,272$18,272------$0
0Rental Car Commission$130,600$130,600$0$0$0$0$0$0$0
0Terminal Rent$129,489$129,489------$0
0Property Rental$291,994$291,994$0$0$18,272$0$18,272$0$0
0------$0
0$0
0$0$0$0$0$0$0$0
0
0$0$0$0$0$0$0$0
0$0$0$0$0$0$0$0
0------$0
0
0------$0
0000000$0
0
0TOTAL EST. REVENUES:$23,000$277,289$37,500$0$50,300$155,272$29,000$291,994$101,100$0$965,455
0(Grants not included)------$0
0(Checksum-should = 0)$0000000$0
0------$0
0TerminalTerminalNon-Runways/GeneralRoadway &Farm LandAirport$0$0$0$0$0$0$0
0GeneralAirline/PublicFederalTerminalTaxi Areas/AviationPark LotFire------$0
0AccountAdmin.TenantAreasBuildingBuildingsApronsAreasMaint./Rpr.StationTOTALS000000$0
0NumberDescription207120722073207420752076207720782079NOTES------$0
0000000$0
0PERSONNEL======$0
01111Salary R$0
01112Salary P$0
01113Longevity$0
01114Time & Half$0
01117Doubletime$0
01119Misc Pay$0
01121FICA City$0$0$0$0Roadway &$0$0$0
1122IPERS City
1123Disable Pay
01128Retirement$0
1130Benefit Re
1131Health Insurance
1
2TOTAL PERSONNEL$0$0$0$0$0$0$0$0$0$0
3
4CONTRACT SERVICES
1311Acct & Clerical
1312Engineering & Consultants
1313Legal Services
1314Health Services
1315Training
1317Audit
1334ARFF
1343Postage
1344Telephone
1345Business Travel & Training
1351Advertise
51361Real Property$3,584$3,584
1362Vehicle Insurance
1371Building Maintenance
1376Office Equipment
61377Radio Maintenance$0
71385Office Equipment$336$336
1391Dues & Memberships
1392Subscriptions
1400Utilities
1
2TOTAL INSURANCE$3,920$3,920
3
4PROFESSIONAL SERVICES
51511Aggregate & Concrete$1,000$1,000
1522Light Bulb
1533Gasoline
1537Horticulture
1538Fuel & Resale
1539Inst Supplies
1541Cleaning Supplies
1547Oil & Grease
1555Equipment & Tools
1561Office Supplies
1569Vehicle Parts
1571Equipment Parts
1573Safety Equipment
1
2TOTAL PROFESSIONAL SERVICES$1,000$0$0$0$0$0$0$0$0$1,000
3
4CAPITAL
2106Computer Equipment
2110Machinery & Equipment
2117Motor Vehicle
2118Office Furniture
52135AC Improvements$10,000$10,000
62152Building Improvements
7Total Capital
1TOTAL EST 2003 OPERATIONS EXPENSE$1,000$0$0$0$0$0$0$0$0$3,920$4,920
2-------
3PERCENT OF TOTAL BUDGET:20.3%0.0%0.0%0.0%0.0%0.0%0.0%0.0%79.7%100.0%$0$0$0$0$0$0$0
4PROJECTED BUDGET SURPLUS (DEFICIT):$960,535
5
1PRO RATA ALLOCATION OF GENERAL ADMIN. COST:$7,692$0$0$0$0$0$0$1,000$8,692
2PERCENT G/A COST ALLOCATED:13%16%0%16%15%18%0%1%21%100%=======
3-------
4$0$0$0$0$0$0$0
5=======
6COMBINED COST CENTER TOTAL$1,000$7,692$0$0$0$0$0$0$4,9200000000
&C&"Helv,Italic"&14Waterloo Regional Airport (ALO)FY 2003 Budget
&LAirport Working Budget&C&P&RAirport BudgetPrint Date: &D
02CFLOW
1BCDEFGHIJKLMNOPQRSTUVW
22002 AIRPORT REVENUE
3Enter Month in Numeric Format:1(See Legend at Cell B423)
4ACCTACTUALBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETY-T-D THRUPROJECTEDPROJECTEDPCTATTN
5NBRACCOUNT NAMEBUDGETJanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecemberJanuaryYR-END TOTVARIANCEO/UFLAG
6
73116Air Flight Tax$1,5001251251251251251251251251251251251251251,50000%
83124WREA Tax Credit$00000000000000000%
03415Gate Card Deposit$1,5001251251251251251251251251251251251251251,50000%
03416Vending Machine Commissions$00000000000000000%
03417Telephone Commissions$137,00011,41711,41711,41711,41711,41711,41711,41711,41711,41711,41711,41711,41711,417137,00000%
03418Rec of Dir Exp$35,5002,9582,9582,9582,9582,9582,9582,9582,9582,9582,9582,9582,9582,95835,5000-0%P-Under
03510Interest Earned$7,2006006006006006006006006006006006006006007,20000%
03521Rental Land$6,0005005005005005005005005005005005005005006,00000%
03522Building Rental$2,0001671671671671671671671671671671671671672,00000%
03614Sale of Equipment$00000000000000000%
03654Refund & Overpayment$00000000000000000%
38864% State Sales Tax$20,0001,6671,6671,6671,6671,6671,6671,6671,6671,6671,6671,6671,6671,66720,00000%
13941Landing Fees$10,00083383383383383383383383383383383383383310,00000%
23942Terminal Bldg O&M$101,1008,4258,4258,4258,4258,4258,4258,4258,4258,4258,4258,4258,4258,425101,10000%
33943Terminal Depreciation$00000000000000000%
43944Car Rent Parking$00000000000000000%
53945Old Terminal$43,8003,6503,6503,6503,6503,6503,6503,6503,6503,6503,6503,6503,6503,65043,80000%
63946Bar/Cafe Commissions$18,2721,5231,5231,5231,5231,5231,5231,5231,5231,5231,5231,5231,5231,52318,27200%
73947Advertise Rent$130,60010,88310,88310,88310,88310,88310,88310,88310,88310,88310,88310,88310,88310,883130,6000-0%P-Under
83948Pasture Rent$129,48910,79110,79110,79110,79110,79110,79110,79110,79110,79110,79110,79110,79110,791129,48900%
93949Fuel Sales$291,99424,33324,33324,33324,33324,33324,33324,33324,33324,33324,33324,33324,33324,333291,99400%
103951Fuel Flowage$00000000000000000%
113952Limo & Park Lot$00000000000000000%
123954FAA Building$00000000000000000%
133955JetWay Rental$00000000000000000%
143956Car Rental Commissions$00000000000000000%
153957Gift Shop Commns$00000000000000000%
163959Miscellaneous$00000000000000000%
173984CRP Program$00000000000000000%
183992Parking Violations$00000000000000000%
193995Employee Parking$00000000000000000%
20
21TOTAL REVENUES935,95577,99677,99677,99677,99677,99677,99677,99677,99677,99677,99677,99677,99677,996935,95500%
22
23
24
25
26
272002 AIRPORT EXPENDITURES
28
29ACCTACTUALBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETY-T-D THRUPROJECTEDPROJECTEDPCTATTN
30NBRACCOUNT NAMEBUDGETJanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecemberJanuaryYR-END TOTVARIANCEO/UFLAG
31Personnel
324110Personnel$072,11177,308000000000072,111149,418149,4180%OVER
334120OASI$04,3704,72700000000004,3709,0979,0970%OVER
344121Medicare$01,0221,10600000000001,0222,1282,1280%OVER
354130Retirement$004,279000000000004,2794,2790%
364131Section125 Admin.$00200000000000020200%
374140Workmens Comp$012,0930000000000012,09312,09312,0930%OVER
384150Group Insurance$07,1627,16200000000007,16214,32414,3240%OVER
394155Group Life Ins.$094940000000000941881880%OVER
404170Unemployment Ins.$00000000000000000%
410
42Total Personnel096,85294,695000000000096,852191,547191,5470%OVER
43Insurance
444211Gen. & Auto Liab.$3,58447,371029929929929929929929929929929947,37150,35846,7741305%OVER
454212Boiler Coverage$03,964000000000003,9643,9643,9640%OVER
464213Fire & Ext. Coverage$3365,3370282828282828282828285,3375,6175,2811572%OVER
474214Other Insurance$07,4422500000000007,4427,4677,4670%OVER
480
49Total Insurance3,92064,1142532732732732732732732732732732764,11467,40563,4851620%OVER
50
51Professional Services
524221Legal Services$00000000000000000%
534222Audit$1,00000838383838383838383830833(167)-17%
544223Consultant$010,000234000000000010,00010,23410,2340%OVER
554225Other$01,4132,20700000000001,4133,6203,6200%OVER
564226Interdepartmental Services$04,2254,22500000000004,2258,4508,4500%OVER
570
58Total Professional Services1,00015,6386,6658383838383838383838315,63823,13722,1372214%OVER
59
604230Publishing$10,000022383383383383383383383383383383308,556(1,444)-14%
61
62Rentals
634242Structure Rents$00000000000000000%$0
644243Machinery Rents$00000000000000000%$0
654244Lease Purchases$043,33021,665000000000043,330000%$0
664246Other Rentals$00000000000000000%$0
670
68Total Rentals043,33021,665000000000043,330000%$0
69
70Repairs
714251Rolling Stock$02,9092,50100000000002,909000%$0
724252Structures$02,9692,56500000000002,969000%$0
734253Equipment$02,9982,18000000000002,998000%$0
744254Street, Curb, Walk$00000000000000000%$0
754255Water and Sewer$024700000000000247000%$0
764257Electrical$01,26541900000000001,265000%$0
774259Miscellaneous$00000000000000000%$0
780
79Total Repair and Maintenance010,3897,665000000000010,389000%$0
80
81Supplies
824261Office Supplies$07091,4570000000000709000%$0
834262Gas, Oil and Fuel$006,64600000000000000%$0
844263Clothing, Food$05907730000000000590000%$0
854264Janitorial & Chemical$02,6642,57100000000002,664000%$0
864265Minor Tools$02,49090000000000002,490000%$0
874266Agricultural Supply$00000000000000000%$0
884267Tires$04061,6280000000000406000%$0
894269Miscellaneous$072400000000007000%$0
900
91Total Supplies06,86614,00100000000006,866000%$0
92
934270Travel and Conference$01,1401,46800000000001,140000%$0
944272Personal Vehicle Allowance$07993500000000000799000%$0
95Total Travel/Conference01,9391,81800000000001,9390000%$0
96
97Utilities
984281Telephone$02,0891,83400000000002,089000%$0
994282Natural Gas$09,04210,60400000000009,042000%$0
1004283Electricity$013,36813,508000000000013,368000%$0
1014284Water$04223730000000000422000%$0
1024285Prop,Heat Fuel,Fuel Oil$02,0902,31700000000002,090000%$0
1030
104Total Utilities027,01128,636000000000027,011000%$0
ACCTACTUALBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETY-T-D THRUPROJECTEDPROJECTEDPCTATTN
NBRACCOUNT NAMEBUDGETJanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecemberJanuaryYR-END TOTVARIANCEO/UFLAG
105Misc Expenses
1064292Dues$04075000000000040000%$0
1074293Subscriptions$019200000000000192000%$0
1084294Other Misc. Expenses$00000000000000000%$0
1090
110Total Miscellaneous Expenses0232750000000000232000%$0
111
112TOTAL CURRENT EXPENSES0169,51980,7740000000000169,519000%$0
113
114Capital Outlay
115
1164320Building & Structures$00000000000000000%$0
1174350Furniture & Minor Equipment$00000000000000000%$0
1184360Machinery and Auto. Eq.$00000000000000000%$0
1194370Street Improvements$00000000000000000%$0
1204381Water Imp.$00000000000000000%$0
1214390Other Capital Outlay$09,631000000000009,631000%$0
1220
123TOTAL CAPITAL OUTLAY09,631000000000009,631000%$0
124
125Other Expenses
1264410Principle Payments$00000000000000000%$0
1274420Interest Payments$00000000000000000%$0
1284490Other Bond Expenses$0060000000000000000%$0
1294530Refund or Reimb$00000000000000000%$0
1304540Collections Other Agencies$0114850000000000114000%$0
1310
132TOTAL OTHER EXPENSES0068500000000000000%$0
133
134TOTAL EXPENSES00176,15400000000000000%$0
135
136
137
138
139
1402002 AIRPORT CASH FLOW SUMMARY
141
142ACTUALBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETY-T-D THRUPROJECTEDPROJECTEDPCTATTN
143BUDGETJanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecemberJanuaryYR-END TOTVARIANCEO/UFLAG
1CASH @ BEGINNING OF PERIOD:0000000000000
2
3PLUS REVENUES FOR PERIOD:935,95577,99677,99677,99677,99677,99677,99677,99677,99677,99677,99677,99677,99677,996935,95500%
4
5LESS EXPENSES FOR PERIOD:00176,15400000000000000%$0
6
7EQUALS CASH @ END OF PERIOD:00000000000000000%$0
8
9NET CASH FLOW FOR PERIOD:00(98,158)00000000000000%$0
10
11
12PROJECTED OPERATING SURPLUS (DEFICIT):00%$0
13
14PROJECTED YEAR END ACCOUNT BALANCE:00%$0
15
16
17
18
19
202002 EXPENSE TRACKING WORKSHEET
21
22ACTUALBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETY-T-D THRUPROJECTEDPROJECTEDPCTATTN
23Airport Operations Fund #850BUDGETJanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecemberJanuaryYR-END TOTVARIANCEO/UFLAG
24
254110Personnel072,11177,308000000000072,111(149,418)149,418149,4180%OVER
26% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
27% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
28
294120OASI04,3704,72700000000004,370(9,097)9,0979,0970%OVER
30% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
31% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
32
334121Medicare01022110600000000001,022(2,128)2,1282,1280%OVER
34% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
35% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
36
374130Retirement004,27900000000000(4,279)4,2794,2790%
38% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
39% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
40
414131Section125 Admin.002000000000000(20)20200%
42% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
43% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
44
454140Workmens Comp012,0930000000000012,093(12,093)12,09312,0930%OVER
46% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
47% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
48
494150Group Insurance07,1627,16200000000007,162(14,324)14,32414,3240%OVER
50% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
51% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
52
534155Group Life Ins.09494000000000094(188)1881880%OVER
54% expended this month0%0%0%0%0%0%0%0%0%0%0%0%-100%0%
55% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
56
574170Unemployment Ins.000000000000000000%
58% expended this month0%0%0%0%0%0%0%0%0%0%0%0%-100%0%
59% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%0
60
6141xxTOTAL PERSONNEL096,85294,695000000000096,852(191,547)191,547191,5470%OVER
62% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
63% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
64
654211Gen. & Auto Liab.3,58447,371029929929929929929929929929929947,371(46,774)50,35846,7741305%OVER
66% expended this month1322%0%8%8%8%8%8%8%8%8%8%8%1305%1405%
67% expended cumulative1322%1322%1330%1338%1347%1355%1363%1372%1380%1388%1397%1405%
68
694212Boiler Coverage03,964000000000003,964(3,964)3,9643,9640%OVER
70% expended this month0%0%0%0%0%0%0%0%0%0%0%0%-100%0%
71% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
72
734213Fire & Ext. Coverage3365,3370282828282828282828285,337(5,281)5,6175,2811572%OVER
74% expended this month1588%0%8%8%8%8%8%8%8%8%8%8%1572%1672%
75% expended cumulative1588%1588%1597%1605%1613%1622%1630%1638%1647%1655%1663%1672%
76
774214Other Insurance07,4422500000000007,442(7,467)7,4677,4670%OVER
78% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
79% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
80
81421xTOTAL INSURANCE3,92064,1142532732732732732732732732732732764,114(63,485)67,40563,4851620%OVER
82% expended this month1636%1%8%8%8%8%8%8%8%8%8%8%1620%1720%
83% expended cumulative1636%1636%1645%1653%1661%1670%1678%1686%1695%1703%1711%1720%
84
854221Legal Services000000000000000000%
86% expended this month0%0%0%0%0%0%0%0%0%0%0%0%-100%0%
87% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
88
894222Audit1,00000838383838383838383830167833(167)-17%
90% expended this month0%0%0%0%0%0%0%0%0%0%0%0%-17%83%
91% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
92
934223Consultant010,000234000000000010,000(10,234)10,23410,2340%OVER
94% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
95% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
96
974225Other01,4132,20700000000001,413(3,620)3,6203,6200%OVER
98% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
99% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
100
1014226Interdepartmental Services04,2254,22500000000004,225(8,450)8,4508,4500%OVER
102% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
103% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
104
105422xTOTAL PROFESSIONAL SERVICES1,00015,6386,6658383838383838383838315,638(22,137)23,13722,137-17%OVER
106% expended this month1564%667%8%8%8%8%8%8%8%8%8%8%2214%2314%
107% expended cumulative1564%2230%2239%2247%2255%2264%2272%2280%2289%2297%2305%2314%
108
1094230Publishing10,000022383383383383383383383383383383308,556
110
111Total Publishing10,000022383383383383383383383383383383301,4448,556(1,444)-14%
112% expended this month0%2%8%8%8%8%8%8%8%8%8%8%-14%86%
113% expended cumulative0%2%11%19%27%36%44%52%61%69%77%86%
114
1154243Machinery Rents000000000000000000%$0
116% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
117% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
118
1194244Lease Purchases043,33021,665000000000043,3300000%$0
120% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
121% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
122
1234246Other Rentals000000000000000000%$0
124% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
125% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
126
127424xTOTAL RENTALS043,33021,665000000000043,3300000%$0
128% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
129% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
130
1314251Rolling Stock02,9092,50100000000002,9090000%$0
132% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
133% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
134
1354252Structures02,9692,56500000000002,9690000%$0
136% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
137% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
138
1394253Equipment02,9982,18000000000002,9980000%$0
140% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
141% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
142
1434254Street, Curb, Walk000000000000000000%$0
144% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
145% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
146
1474255Water and Sewer0247000000000002470000%$0
148% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
149% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
150
1514257Electrical01,26541900000000001,2650000%$0
152% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
153% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
154
1554259Miscellaneous000000000000000000%
156% expended this month0%0%0%0%0%0%0%0%0%0%0%0%-100%0%
157% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
154
155425xTOTAL REPAIR & MAINTENANCE010,3897,665000000000010,3890000%$0
156% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
157% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
158
1594261Office Supplies07091,45700000000007090000%$0
160% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
161% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
162
1634262Gas, Oil and Fuel006,646000000000000000%$0
164% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
165% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
166
1674263Clothing, Food059077300000000005900000%$0
168% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
169% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
170
1714264Janitorial & Chemical02,6642,57100000000002,6640000%$0
172% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
173% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
174
1754265Minor Tools02,49090000000000002,4900000%$0
176% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
177% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
178
1794266Agricultural Supply000000000000000000%$0
180% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
181% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
182
1834267Tires04061,62800000000004060000%$0
184% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
185% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
186
1874269Miscellaneous0724000000000070000%$0
188% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
189% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
190
191426xTOTAL SUPPLIES06,86614,00100000000006,8660000%$0
192% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
193% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
194
1954270Travel and Conference01,1401,46800000000001,1400000%$0
1964272Personal Vehicle Allowance079935000000000007990000%$0
197427xTOTAL TRAVEL & CONFERENCE01,9391,81800000000001,9390000%00
198% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
199% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
200
2014281Telephone02,0891,83400000000002,0890000%$0
202% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
203% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
204
2054282Natural Gas09,04210,60400000000009,0420000%$0
206% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
207% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
208
2094283Electricity013,36813,508000000000013,3680000%$0
210% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
211% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
212
2134284Water042237300000000004220000%$0
214% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
215% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
216
2174285Prop,Heat Fuel,Fuel Oil02,0902,31700000000002,0900000%$0
218% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
219% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
220
221428xTOTAL UTILITIES027,01128,636000000000027,0110000%$0
222% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
223% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
224
2254292Dues04075000000000040000%$0
2264293Subscriptions0192000000000001920$0
2274294Other Misc. Expenses000000000000000$0
228
229429xTOTAL MISCELLANEOUS EXPENSES02327500000000002320000%$0
230% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%
231% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%
232
233TOTAL CURRENT EXPENSES0266,371175,4690000000000266,371000%$0
234
235
236CAPITAL OUTLAY
2374320Building & Structures00000000000000000%$0
2384350Furniture & Minor Equipment00000000000000000%$0
2394360Machinery and Auto. Eq.00000000000000000%$0
2404370Street Improvements00000000000000000%$0
2414381Water Imp.00000000000000000%$0
2424390Other Capital Outlay09631000000000009,63100%$0
2430
244**TOTAL CAPITAL OUTLAY09,631000000000009,631000%$0
245
246OTHER EXPENSES:
2474410Principle Payments00000000000000000%$0
2484420Interest Payments00000000000000000%$0
2494490Other Bond Expenses0060000000000000000%$0
2504530Refund or Reimb00000000000000000%$0
2514540Collections Other Agencies0114850000000000114000%$0
2520
253TOTAL OTHER EXPENSES01146850000000000114000%$0
254
255TOTAL AIRPORT OPERATIONS0276,115176,1540000000000276,115000%$0
256P-Under = Revenues Projected to Fall Short of Budgeted Amount
P-Over = Expenses Projected to Exceed Budgeted Amount
OVER = Expenses Have Exceeded Budgeted Amount
Current
MonthNumeric Month Format Legend:
11JANUARY$1,9991999\P/PPRB7..W46~OBCA1~BRA1..A6~QAGP
2FEBRUARYRB56..W161~OBRA49..A55~QAGP
3MARCHRB168..W185~OBRA162..A167~QAGP
4APRILRB195..W432~OBRA187..A194~QAGPQ
5MAY
6JUNE\R/PPRB7..W46~OBCA1~BRA1..A6~QAGPQ
7JULY
8AUGUST\E/PPRB56..W161~OBRA49..A55~QAGPQ
9SEPTEMBER
10OCTOBER\S/PPRB168..W185~OBRA162..A167~QAGPQ
11NOVEMBER
12DECEMBER\D/PPRB195..W432~OBRA187..A192~QAGPQ
&LAirport Working Budget&C&P&RCash Flow WorksheetPrint Date: &D
02BUGSM
ABCDEGHIJKLMNO
2Prepared By: Bradley A. HagenFY 1999/2000/2001 OPERATIONS BUDGET SUMMARIES
3Effect. Date: 02/01/00RAPID CITY REGIONAL AIRPORT (606 FUND, ACCOUNT 850)
4Excel File: 2001 RAP Working Budget.xls(Includes total for PPBS numbers 2071 through 2079)
5
6NEW
7LINEACCOUNT1999 ACTUAL2000 WORKING2001 PROPOSED$ INCREASE% INCREASEPASSENGERTOTAL
8ITEMTITLEBUDGETBUDGETBUDGET(DECREASE)- DECREASEREMARKS, EXPLANATIONSADMIN.BUILDINGAREAAREAFACILITYCOST CENTERS
9
10======
114110Salary & Wages (employee Wages)$874,554$861,604$894,492$32,8884%
124120OASI (Social Security)$53,351$53,420$53,829$4091%$0$0$0$0$0$0$0
134121Medicare$12,477$12,492$12,591$991%------$0
144130Retirement (Employee Retirement Benefit)$51,262$49,499$51,623$2,1244%
154131Section 125$241$314$275($39)-14%
164140Workmen's Comp (Insurance)$34,927$18,513$16,122($2,391)-15%$0
174150Group Health Insurance$88,060$86,735$83,441($3,294)-4%$0
184155Group Life Insurance$1,023$1,059$1,011($48)-5%$0$0$0$0$0$0$0
194170Unemployment Insurance$3,375$0$2,430$2,430N/A$0$0$0$0($0)$0$0
204211Gen. & Auto Liability$45,648$67,650$67,650$00%$0$0$0$0($0)$0$0
214212Boiler Coverage$863$0$0$0N/A$0$0$0$0($0)$0$0
224213Fire and Extended Coverage$6,606$18,800$18,800$00%$0$0$0$0$0$0$0
234214Other Insurance$6,808$11,000$11,000$00%------$0
244221Legal Services$0$0$0$0N/A
254222Audit Services$0$1,000$1,000$00%$0$0$0$0$0$0$0
264223Consultant Services$27,755$10,000$10,000$00%------$0
274225Other Professional Services$53,260$27,200$29,000$1,8006%$0$0$0$0$0$0$0
284226Interdepartmental Services$45,984$49,409$50,700$1,2913%$0$0$0$0$0$0$0
294230Publishing (Minutes, Legal Ads)$12,328$12,000$10,000($2,000)-20%$0$0$0$0$0$0$0
304243Machinery Rental$810$750$750$00%
314244Lease/Purchases$263,171$265,700$271,200$5,5002%$0$0$0$0$0$0$0
324246Other Rentals$0$250$0($250)N/A$0$0$0$0$0$0$0
334251Repairs-Rolling Stock (Vehicle Rprs)$69,115$32,600$35,600$3,0008%$0$0$0$0($0)$0$0
344252Repair of Structures$19,566$8,250$8,750$5006%------$0
354253Repair of Equipment$27,341$35,750$33,250($2,500)-8%$0$0$0$0$0$0$0
364254Repair-Streets, Curb, Sidewalk$770$2,000$1,500($500)-33%------$0
374255Repair of Water and Sewer$2,006$2,250$2,250$00%$0$0$0$0$0$0$0
384257Repairs - Electrical$9,464$8,350$9,000$6507%------$0
394259Repairs - Miscellaneous$1,884$0$0$0N/A
404261Office Supplies$12,390$6,250$7,500$1,25017%
414262Gas, Oil, Fuel, Propane$18,329$23,700$22,300($1,400)-6%$0$0$0$0$0$0$0
424263Clothing, Food (Protective Clothing)$16,006$5,000$5,750$75013%-------
434264Janitor/Chemical Supplies$44,987$30,250$38,000$7,75020%-------
444265Minor Tools (Mechanic Tools)$2,910$2,300$2,050($250)-12%
454266Agricultural Supplies$9$400$400$00%$0$0$0$0$0$0$0
464267Tires (For Vehicles & Equipmt)$2,376$1,500$1,650$1509%$0$0$0$0$0$0$0
474269Misc Supply & Mat$13,227$12,150$11,550($600)-5%$0$0$0$0$0$0$0
484270Travel & Conference$18,518$14,000$15,500$1,50010%------$0
4272Personal Vehicle Allowance$1,400$0$4,200$4,200100%
494281Telephone$15,967$17,800$17,000($800)-5%$0$0$0$0$150$0$0
504282Natural Gas$26,092$23,000$26,300$3,30013%
514283Electricity (Power-All)$144,072$152,700$154,500$1,8001%-------
524284Water$4,640$3,600$4,300$70016%
534285Propane, Htg fuel, Fuel oil$4,671$5,400$5,400$00%$0$0$0$0$0$0$0
544292Dues$555$600$600$00%$0$0$0$0$0$0$0
554293Subscriptions$3,349$500$500$00%$0$0$0$0$0$0$0
564294Other Misc. Expenses$0$0$0$0N/A
574320Building and Structures$8,476$1,500$1,500$00%$0$0$0$0$0$0$0
58(Capital Outlay for Building and Structures)$0$0$0$0$0$0$0
59$0$0$0$0$0$0$0
604350Furniture & Minor Equipment$17,989$6,500$6,000($500)-8%$0$0$0$0$0$0$0
614360Machinery and Automotive Eqpmt$0$17,000$30,000$13,00043%
624370Street Improvements$0$0$0$0N/A
634381Water Improvements$5,852$0$0$0N/A
644390Other Capital Outlay$0$40,000$10,000($30,000)-300%$0$0$0$0$0$0$0
654410Principle Payments$0$0$0$0N/A--------
664420Interest Payments$0$0$0$0N/A$0$0$0$0$0$0$0
674490Other Bond Expenses$600$0$600$600N/A
684520MDSE for Resale$0$0$0$0N/A$0$0$0$0($30,003)$0$0
694530Refunds or Reimbursements$80$0$0$0N/A$0$0$0$0$0$0$0
704540Collections Other Agencies$1,945$1,250$1,250$00%$0$0$0$0$0$0$0
71$0$0$0$0$0$0$0
TOTAL OTHER EXPENSES$2,077,089$2,001,995$2,043,114$41,1192%--------
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&L&F&A&RPrint Date: &D
3 Year Expense Comparison
ABCDGHDGHDGHIJKLMNOLMNO
2Prepared By: Bradley A. Hagen
3Effect. Date: 05/02/00
4Excel File: 2001 RAP Working Budget.xls
5
6NEW
7LINEACCOUNT1997 PROPOSED1997 ACTUAL$ INCREASE% INCREASE1998 PROPOSED1998 ACTUAL$ INCREASE% INCREASE1999 PROPOSED1999 ACTUAL$ INCREASE% INCREASE2000 PROPOSED2000 ACTUAL$ INCREASE% INCREASE2001 PROPOSED2001 ACTUAL$ INCREASE% INCREASEPASSENGERTOTAL
8ITEMTITLEBUDGETBUDGET(DECREASE)- DECREASEBUDGETBUDGET(DECREASE)- DECREASEBUDGETBUDGET(DECREASE)- DECREASEREMARKS, EXPLANATIONSBUDGETBUDGET(DECREASE)- DECREASEBUDGETBUDGET(DECREASE)- DECREASEADMIN.BUILDINGAREAAREAFACILITYCOST CENTERS
9
10======
114110Salary & Wages (employee Wages)$743,550$764,499$20,9493%$780,382$828,346$47,9646%$825,692$874,554$48,8626%$861,604$907,716$46,1125%$0N/A
124120OASI (Social Security)$44,202$46,802$2,6006%$48,019$50,523$2,5045%$51,205$53,351$2,1464%$53,420$55,298$1,8783%$0N/A$0$0$12,492$0$0$0$0
134121Medicare$10,335$10,946$6116%$11,233$11,816$5835%$11,979$12,477$4984%$12,492$12,933$4413%$0N/A------$0
144130Retirement (Employee Retirement Benefit)$42,403$45,196$2,7936%$46,130$49,049$2,9196%$47,690$51,262$3,5727%$49,499$52,910$3,4116%$0N/A
154131Section 125$179$156($23)-15%$198$195($3)-2%$210$241$3113%$314$169($145)-86%$0N/A
164140Workmen's Comp (Insurance)$48,131$34,979($13,152)-38%$37,822$34,927($2,895)-8%$34,927$34,927$00%$18,513$16,122($2,391)-15%$0N/A$2,391
174150Group Health Insurance$75,672$75,193($479)-1%$87,599$86,239($1,360)-2%$93,385$88,060($5,325)-6%$86,735$83,491($3,244)-4%$0N/A$3,244
184155Group Life Insurance$1,079$935($144)-15%$972$1,043$717%$998$1,023$252%$1,059$1,000($59)-6%$0N/A$0$0$49,499$0$0$0$0
194170Unemployment Insurance$0$0$0N/A$0$0$0N/A$0$3,375$3,375100%$0$0$0N/A$0N/A$0$0$86,735$0$0$0$0
204211Gen. & Auto Liability$67,089$20,293($46,796)-231%$61,873$42,557($19,316)-45%$67,650$45,648($22,002)-48%$67,650$45,130($22,520)-50%$0N/A$0$0$1,059$0($0)$0$0
214212Boiler Coverage$0$200$200100%$0$0$0N/A$0$863$863100%$0$3,450$3,450100%$0N/A$0$0$0$0$0$0$0
224213Fire and Extended Coverage$14,900$7,210($7,690)-107%$18,800$6,067($12,733)-210%$18,800$6,606($12,194)-185%$18,800$5,493($13,307)-242%$0N/A$0$0$67,650$0$1$0$0
234214Other Insurance$11,000$45,813$34,81376%$11,000$6,193($4,807)-78%$11,000$6,808($4,192)-62%$11,000$7,958($3,042)-38%$0N/A------$0
244221Legal Services$0$456$456100%$0$0$0N/A$0$0$0N/A$0$0$0N/A$0N/A
254222Audit Services$0$0$0N/A$0$1,150$1,150100%$0$0$0N/A$1,000$0($1,000)N/A$0N/A$0$0$204,943$0$1$0$0
264223Consultant Services$3,000$25,144$22,14488%$3,000$42,318$39,31893%$10,000$27,755$17,75564%$10,000$32,571$22,57169%$0N/A------$0
274225Other Professional Services$12,500$35,771$23,27165%$15,200$27,995$12,79546%$25,500$53,260$27,76052%$27,200$46,939$19,73942%$0N/A$0$0$0$0($1)$0$0
284226Interdepartmental Services$26,000$36,804$10,80429%$38,309$38,316$70%$45,962$45,984$220%$49,409$59,428$10,01917%$0N/A$0$0$10,000$0$0$0$0
294230Publishing (Minutes, Legal Ads)$1,000$1,549$54935%$2,000$6,812$4,81271%$12,000$12,328$3283%$12,000$3,280($8,720)-266%$0N/A$0$0$27,200$0$1$0$0
304243Machinery Rental$0$950$950100%$0$675$675100%$0$810$810100%$750$1,037$28728%$0N/A
314244Lease/Purchases$254,374$263,171$8,7973%$254,374$263,171$8,7973%$265,700$263,171($2,529)-1%$265,700$270,487$4,7872%$0N/A$0$0$49,409$0$1$0$0
324246Other Rentals$1,500$3,256$1,75654%$1,500$231($1,269)-549%$250$0($250)N/A$250$0($250)N/A$0N/A$0$0$12,000$0$0$0$0
334251Repairs-Rolling Stock (Vehicle Rprs)$16,300$49,130$32,83067%$19,400$34,232$14,83243%$29,650$69,115$39,46557%$32,600$62,824$30,22448%$0N/A$0$0$750$0$0$0$0
344252Repair of Structures$19,000$11,940($7,060)-59%$6,000$16,227$10,22763%$9,000$19,566$10,56654%$8,250$23,219$14,96964%$0N/A------$0
354253Repair of Equipment$28,900$40,052$11,15228%$30,200$35,493$5,29315%$33,500$27,341($6,159)-23%$35,750$34,394($1,356)-4%$0N/A$0$0$304,302$0$0$0$0
364254Repair-Streets, Curb, Sidewalk$2,000$2,242$24211%$0$34,560$34,560100%$1,500$770($730)-95%$2,000$512($1,488)-291%$0N/A------$0
374255Repair of Water and Sewer$3,400$1,691($1,709)-101%$2,000$2,441$44118%$2,200$2,006($194)-10%$2,250$2,094($156)-7%$0N/A$0$0$35,750$0$1$0$0
384257Repairs - Electrical$8,800$13,709$4,90936%$6,900$5,144($1,756)-34%$9,400$9,464$641%$8,350$11,612$3,26228%$0N/A------$0
394259Repairs - Miscellaneous$200$0($200)N/A$300$55($245)-445%$0$1,884$1,884100%$0$128$128100%$0N/A
404261Office Supplies$4,000$6,549$2,54939%$5,100$11,880$6,78057%$6,100$12,390$6,29051%$6,250$20,369$14,11969%$0N/A
414262Gas, Oil, Fuel, Propane$23,900$27,605$3,70513%$28,200$20,853($7,347)-35%$28,950$18,329($10,621)-58%$23,700$35,575$11,87533%$0N/A$0$0$0$0$0$0$0
424263Clothing, Food (Protective Clothing)$4,500$4,181($319)-8%$4,000$6,803$2,80341%$5,000$16,006$11,00669%$5,000$6,934$1,93428%$0N/A-------
434264Janitor/Chemical Supplies$26,400$31,251$4,85116%$26,600$30,575$3,97513%$31,500$44,987$13,48730%$30,250$41,365$11,11527%$0N/A-------
444265Minor Tools (Mechanic Tools)$1,700$3,565$1,86552%$1,600$2,428$82834%$2,150$2,910$76026%$2,300$3,112$81226%$0N/A
454266Agricultural Supplies$300$323$237%$400$810$41051%$400$9($391)-4344%$400$296($104)-35%$0N/A$0$0$0$0$0$0$0
464267Tires (For Vehicles & Equipmt)$1,400$1,075($325)-30%$1,200$511($689)-135%$1,500$2,376$87637%$1,500$1,976$47624%$0N/A$0$0$6,250$0$1,885$0$0
474269Misc Supply & Mat$12,000$11,228($772)-7%$12,900$12,113($787)-6%$12,400$13,160$7606%$12,150$8,927($3,223)-36%$0N/A$0$0$0$0$0$0$0
484270Travel & Conference$14,000$17,310$3,31019%$15,000$14,699($301)-2%$13,000$18,518$5,51830%$14,000$27,101$13,10148%$0N/A------$0
4272Personal Vehicle Allowance$0$0$0N/A$0$0$0N/A$0$1,400$1,400100%$0$4,200$4,200100%$0N/A
494281Telephone$13,900$16,965$3,06518%$14,000$17,875$3,87522%$17,000$15,967($1,033)-6%$17,800$17,043($757)-4%$0N/A$0$0$12,150$0$876$0$0
504282Natural Gas$28,000$22,635($5,365)-24%$26,000$20,441($5,559)-27%$24,000$26,092$2,0928%$23,000$25,911$2,91111%$0N/A
514283Electricity (Power-All)$169,300$149,955($19,345)-13%$148,200$147,772($428)-0%$150,700$144,072($6,628)-5%$152,700$150,028($2,672)-2%$0N/A-------
524284Water$3,600$3,602$20%$3,600$3,498($102)-3%$3,600$4,640$1,04022%$3,600$6,106$2,50641%$0N/A
534285Propane, Htg fuel, Fuel oil$5,500$8,969$3,46939%$5,900$5,868($32)-1%$7,400$4,671($2,729)-58%$5,400$14,247$8,84762%$0N/A$0$0$0$0$0$0$0
544292Dues$600$1,023$42341%$600$880$28032%$600$555($45)-8%$600$680$8012%$0N/A$0$0$0$0$0$0$0
554293Subscriptions$800$231($569)-246%$300$2,588$2,28888%$300$3,349$3,04991%$500$822$32239%$0N/A$0$0$0$0$0$0$0
564294Other Misc. Expenses$200$0($200)N/A$100$0($100)N/A$0$0$0N/A$0$0$0N/A$0N/A
574320Building and Structures$2,000$44,476$42,47696%$0$8,439$8,439100%$0$8,476$8,476100%$1,500$0($1,500)N/A$0N/A$0$0$0$0$0$0$0
58(Capital Outlay for Building and Structures)N/A$0N/A$0N/A$0$0$0$0$0$0$0
59$0N/A$0N/A$0N/A$0N/A$0N/A$0$0$0$0$0$0$0
604350Furniture & Minor Equipment$2,000$10,547$8,54781%$2,000$47,260$45,26096%$3,000$17,989$14,98983%$6,500$8,683$2,18325%$0N/A$0$0$500$0($45)$0$0
614360Machinery and Automotive Eqpmt$13,000$19,918$6,91835%$20,000$0($20,000)N/A$0$0$0N/A$17,000$25,288$8,28833%$0N/A
624370Street Improvements$0$0$0N/A$0$0$0N/A$0$0$0N/A$0$0$0N/A$0N/A
634381Water Improvements$0$0$0N/A$0$0$0N/A$0$5,852$5,852100%$0$0$0N/A$0N/A
644390Other Capital Outlay$32,000$0($32,000)N/A$0$1,936$1,936100%$0$0$0N/A$40,000$65,295$25,29539%$0N/A$0$0$0$0$0$0$0
654410Principle Payments$0$0$0N/A$93,226$0($93,226)N/A$0$0$0N/A$0$0$0N/A$0N/A--------
664420Interest Payments$0$0$0N/A$18,532$0($18,532)N/A$0$0$0N/A$0$0$0N/A$0N/A$0$0$0$0$8,477$0$0
674490Other Bond Expenses$0$0$0N/A$0$650$650100%$0$600$600100%$0$600$600100%$0N/A
684520MDSE for Resale$0$0$0N/A$0$0$0N/A$0$0$0N/A$0$0$0N/A$0N/A$0$0$0$0$0$0$0
694530Refunds or Reimbursements$0$60$60100%$0$23,024$23,024100%$0$80$80100%$0$0$0N/A$0N/A$0$0$0$0$0$0$0
4540Collections Other Agencies$1,000$1,150$15013%$1,000$698($302)-43%$1,250$1,945$69536%$1,250$920($330)-36%$0N/A
704546Payment Withheld - Dental Insurance$0$9$9100%$0$0$0N/A$0$0$0N/A$0$0$0$0$0$0$0
71$0$0$0$0$0$0$0
TOTAL OTHER EXPENSES$1,795,614$1,920,713$125,0997%$1,911,669$2,007,376$95,7075%$1,917,048$2,077,022$159,9748%$2,001,995$2,205,673$203,6789%$0$0$0N/A--------
OPERATING MARGIN4.2%2.6%6.8%0.0%0.0%$0$0$0$0$0$0$0$0
NET INCOME/OPERATING REVENUE$83,651$2,004,364$53,830$2,061,206$151,773$2,228,795$2,213,917$2,213,917
REVENUE BUDGETED / DIFFERENCE$2,042,839($38,475)$2,116,121($54,915)$1,940,048$288,747$2,030,893$183,024$2,030,893$183,024-------
$0$0$0$0$0$0$0
=======
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PASSENGERTOTAL$0$0$0$0$0$0$0
GENERALTERMINALAIRSIDELANDSIDESPECIALALL=======
ADMIN.BUILDINGAREAAREAFACILITYCOST CENTERS0000000
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$0$0$0$0$0$0$0
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0000000
&C&"Helv,Bold"&20RAPID CITY REGIONAL AIRPORT3 YEAR BUDGET COMPARISON
&L&F&A&RPrint Date: &D
3 Year Revenue Comparison
Prepared by: Bradley A. Hagen
Effective Date: 4/1/01
ACCT19971997199819981999199920002000
NBRACCOUNT NAMEBUDGETACTUALVAR ($)VAR (%)BUDGETACTUALVAR ($)VAR (%)BUDGETACTUALVAR ($)VAR (%)BUDGETACTUALVAR ($)VAR (%)
3116Air Flight Tax$145,000$314,320$169,320217%$145,000$221,579$76,579153%$233,877$75,407($158,470)32%$55,000$41,976($13,024)76%
3124WREA Tax Credit$0$0$0N/A$0$0$0N/A$0$3,584$3,584N/A$0$3,109$3,109N/A
3126Airport Gas Revenues$50,000($64,000)($114,000)-128%$65,000$0($65,000)0%$50,000$0($50,000)0%$0$0$0N/A
3414Fax/Copy Charges$100$0($100)0%$0$6$6N/A$0$0$0N/A$0$0$0N/A
3415Badge Reimbursement$400$150($250)38%$200$290$90145%$200$300$100150%$200$220$20110%
3416Vending Machine Commissions$5,600$5,682$82101%$6,100$6,139$39101%$6,100$5,845($255)96%$6,100$6,403$303105%
3417Telephone Commissions$10,800$8,296($2,504)77%$11,000$5,762($5,238)52%$10,000$7,655($2,345)77%$6,000$8,663$2,663144%
3418Rec of Dir Exp$25,000$23,863($1,137)95%$20,000$13,309($6,691)67%$20,000$68,456$48,456342%$9,800$26,608$16,808272%
3510Interest Earned$500$7,104$6,6041421%$1,000$8,616$7,616862%$1,000$13,365$12,3651337%$8,600$16,496$7,896192%
3521Rental Land$16,800$75,589$58,789450%$21,000$23,851$2,851114%$24,607$17,432($7,175)71%$26,607$25,572($1,035)96%
3522Building Rental$0$2,206$2,206N/A$0$9,062$9,062N/A$0$9,101$9,101N/A$9,000$13,404$4,404149%
3611Sale of Surplus$0$5,100$5,100N/A$0$0$0N/A$0$0$0N/A$0$0$0N/A
3613Sale of Vehicle$0$0$0N/A$0$0$0N/A$0$4,284$4,284N/A$0$0$0N/A
3614Sale of Equipment$0$0$0N/A$0$0$0N/A$0$5,000$5,000N/A$0$0$0N/A
3615Sale of Scrap$0$7,950$7,950N/A$0$0$0N/A$0$0$0N/A$0$0$0N/A
3654Refund & Overpayment$0$0$0N/A$0$0$0N/A$0$32$32N/A$0$271$271N/A
3882Taxes On Use$0$389$389N/A$0$389$389N/A$0$838$838N/A$300$956$656319%
3941Landing Fees$397,087$387,986($9,101)98%$455,494$373,457($82,037)82%$408,000$447,205$39,205110%$408,000$502,688$94,688123%
3942Terminal Bldg O&M$454,497$369,722($84,775)81%$466,810$379,950($86,860)81%$488,977$377,240($111,737)77%$459,459$402,377($57,082)88%
3943Terminal Depreciation$175,987$182,442$6,455104%$175,987$189,932$13,945108%$0$41,554$41,554N/A$0$6,994$6,994N/A
3944Car Rent Parking$18,480$19,340$860105%$18,480$16,114($2,366)87%$18,480$0($18,480)0%$0$0$0N/A
3945Old Terminal$27,338$15,849($11,489)58%$24,600$0($24,600)0%$0$1,352$1,352N/A$0$6,887$6,887N/A
3946Bar/Cafe Commissions$14,000$18,039$4,039129%$16,000$15,974($26)100%$16,000$18,487$2,487116%$16,000$20,395$4,395127%
3947Advertise Rent$28,000$23,573($4,427)84%$25,000$23,098($1,902)92%$25,000$21,775($3,225)87%$35,000$24,646($10,354)70%
3948Pasture Rent$2,000$12,428$10,428621%$2,000$20,369$18,3691018%$2,000$16,138$14,138807%$10,000$6,053($3,947)61%
3949Fuel Sales$13,940$16,959$3,019122%$13,940$16,533$2,593119%$24,600$10,064($14,536)41%$28,500$10,393($18,107)36%
3951Fuel Flowage$25,000$24,740($260)99%$26,000$32,662$6,662126%$26,000$31,963$5,963123%$39,000$34,806($4,194)89%
3952Limo & Park Lot$316,150$253,225($62,925)80%$318,150$326,093$7,943102%$306,150$389,475$83,325127%$325,150$423,751$98,601130%
3954FAA Building$77,000$63,021($13,979)82%$63,000$66,715$3,715106%$39,578$38,160($1,418)96%$39,578$15,355($24,223)39%
3955JetWay Rental$27,900$14,559($13,341)52%$7,320$16,166$8,846221%$7,320$22,300$14,980305%$20,000$29,560$9,560148%
3956Car Rental Commissions$170,000$188,847$18,847111%$190,000$265,628$75,628140%$190,000$576,346$386,346303%$480,000$559,078$79,078116%
3957Gift Shop Commns$3,600$5,119$1,519142%$7,000$4,593($2,407)66%$5,119$4,838($281)95%$5,119$5,814$695114%
3958Passenger Facility Charges$0($1)($1)N/A$0$0$0N/A$0$0$0N/A$0N/A
3959Miscellaneous$2,000$343($1,657)17%$1,500$1,232($268)82%$1,500$1,584$84106%$1,500$1,798$298120%
3984CRP Program$11,040$0($11,040)0%$11,040$0($11,040)0%$11,040$0($11,040)0%$10,000$0($10,000)0%
3992Parking Violations$1,500$1,856$356124%$1,500$2,713$1,213181%$1,500$1,815$315121%$2,500$1,471($1,029)59%
3995Employee Parking$23,120$19,668($3,452)85%$23,000$20,974($2,026)91%$23,000$17,201($5,799)75%$29,480$18,174($11,306)62%
TOTAL REVENUES$2,042,839$2,004,364($38,475)-1.9%$2,116,121$2,061,206($54,915)-2.6%$1,940,048$2,228,796$288,74814.9%$2,030,893$2,213,918$183,0259.0%
YOY Increase in Revenue$2,004,364$2,061,206$56,8422.80%$2,228,796$167,5908.10%$2,228,796$167,5908.10%
&C&24Rapid City Regional Airport3 Year Enterprise Fund Revenue ComparisonFY 1998-2000
Sheet1
-
Capital Improvement Budget
-
Waterloo Regional AirportCapital Budget Revenue FY 2003($ 5,267,311)
Chart2
2131401
510000
146000
2479910
FAA Grants$ 2,131,40140%
GO Bonds$ 2,479,91047%
PFC$ 510,0003%
IDOT$ 146,00010%
Sheet1
2,131,401FAA
510,000PFC
146,000IDOT
2,479,910G.O.
5,267,311
&CWaterloo Regional Airport (ALO)Capital Budget Revenues - FY 2002
Sheet1
&C&14Waterloo Regional Airport (ALO)Capital Budget Revenues - FY 2002
IDOT$ 146,00010%
PFC$ 510,0003%
GO Bonds$ 2,479,91047%
FAA Grants$ 2,131,40140%
Sheet2
Sheet3
-
Airport Capital ImprovementsAirports Extremely Capital IntensiveEntitlement Grants - $ 1,000,000Discretionary Grants - ??Passenger Facility Charge (PFC)State DOT Programs
-
Airport Master PlanningCritical to long term developmentUpdated every 5 yearsAirport Layout Plan (ALP) 1. Inventory 2. Demand Analysis 3. Airport Facility Requirements 4. Airport Development Alternatives 5. Environmental Review 6. Capital Improvement Plan (CIP)
-
Issues for Regional AirportsAir ServiceFinancing RevenueCapital ImprovementsMarketing
-
Air ServiceMaintain & Improve Existing Service More Competitive Fares More Capacity More DestinationsBusiness Retention & development, Tourism, Quality of lifeFinancially Critical 80% Revenues Form Pax
-
1 RJ Econ impact
Potential Economic Impact to Cedar Valley from: One (1) RJ Upgrade
Expected net new pax to ALO:3,661Assumptions: 1. Proposed service - 1 CRJ Replacement of 1 SF-340 at 65% LF
(Net 16 seat gain / day @ 65% LF)
$4.50PFC/Passenger
$2.00per passengers in parking fees
$0.50per passener in gift shop / food & beverage sales
$3.00per passenger in car rental revenues
$10.00per passenger economic benefit to airport
3,661NWA net new enplaned passengers
$36,608Passenger-related benefit to airport
$5,280Landing Fees ($35/Dept--1 dept/day====>352 ann'l dept - current $ 20
$0Station Rent:
$41,888Direct benefit to airport
Current enplaned passengers base at ALO:55,000
Outbound passengers:30,25055%
Average round-trip air fare:$358
$ paid for air travel by Cedar Valley (000)$10,830
Fare reduction sensitivity due to added service:0.5%1%2%3%4%5%6%7%
New Air Fare due new RJ service=>$356$354$351$347$344$340$337$333
$ paid for air travel by Cedar Valley (000)$10,775$10,721$10,613$10,505$10,396$10,288$10,180$10,071
Cedar Valley Air Fare Savings (000)$54$108$217$325$433$541$650$758
Potential Economic Impact to Cedar Valley from new RJ Air Service (cont.)
Net New Enplaned Passengers:3,661
Average stay:2.5nights(includes non-discretionary travel)
% of new passengers on inbound trips:45%
New enplaned passengers travel to ALO:1,647
Average Hotel rate/day:$60
Food & Beverage per person per day:$30
Tourism spending per person per day:$50
Other spending per person per day:$25
Spending per person per day$165
New spending per person per 2.5-day trip:$413
Economic impact upon Cedar Valley (000):$680
Direct benefit to airport (000):$42
Air Fare Savings (000):$108
Economic impact upon Cedar Valley (000):$680
City sales tax (000):$14
Total (000)$843
Effect of AirTran service
Potential Economic Impact to Waterloo (ALO) from: 2x daily round-trip AirTran service
(106 seat Boeing 717)
Expected net new AirTran pax to ALO:31,328Assumes that Air Tran operates at a 60% LF with each 717 flight and that 70%
of this traffic is net, new incremental traffic ( 89 new pax per day).
$3.00PFC/Passenger
$2.00per passengers in parking fees
$0.50per passener in gift shop / food & beverage sales
$3.00per passenger in car rental revenues
$8.50per passenger economic benefit to airport
31,328AirTran net new enplaned passengers
$266,288Passenger-related benefit to airport
$11,264Landing Fees ($60/Dept--2 dept/day====>704 ann'l dept
$35,000Station Rent:
$312,552Direct benefit to airport
Current enplaned passengers base at ALO:55,000
Outbound passengers:29,70054%
Average round-trip air fare:$358
$ paid for air travel by Waterloo (000)$10,633
Fare reduction sensitivity due to added service:10.0%15%20%25%30%35%40%45%
New Air Fare due new AirTran service=>$322$304$286$269$251$233$215$197
$ paid for air travel by Waterloo (000)$9,569$9,038$8,506$7,974$7,443$6,911$6,380$5,848
Waterloo Air Fare Savings (000)$1,063$1,595$2,127$2,658$3,190$3,721$4,253$4,785
Potential Economic Impact to Waterloo from new Air Tran Service (cont.)
Net New Enplaned Passengers:31,328
Average stay:1.5nights(includes non-discretionary travel)
% of new passengers on inbound trips:46%
New enplaned passengers travel to ALO:14,411
Average Hotel rate/day:$60
Food & Beverage per person per day:$30
Tourism spending per person per day:$50
Other spending per person per day:$25
Spending per person per day$165
New spending per person per 2.5-day trip:$248
Economic impact upon Waterloo (000):$3,567
Direct benefit to airport (000):$313
Air Fare Savings (000):$2,127
Economic impact upon Waterloo (000):$3,567
City Sales Tax (000):$71
Total (000)$6,006
Sheet3
-
1 RJ Econ impact
Potential Economic Impact to Cedar Valley from: One (1) RJ Upgrade
Expected net new pax to ALO:3,661Assumptions: 1. Proposed service - 1 CRJ Replacement of 1 SF-340 at 65% LF
(Net 16 seat gain / day @ 65% LF)
$4.50PFC/Passenger
$2.00per passengers in parking fees
$0.50per passener in gift shop / food & beverage sales
$3.00per passenger in car rental revenues
$10.00per passenger economic benefit to airport
3,661NWA net new enplaned passengers
$36,608Passenger-related benefit to airport
$5,280Landing Fees ($35/Dept--1 dept/day====>352 ann'l dept - current $ 20
$0Station Rent:
$41,888Direct benefit to airport
Current enplaned passengers base at ALO:55,000
Outbound passengers:30,25055%
Average round-trip air fare:$358
$ paid for air travel by Cedar Valley (000)$10,830
Fare reduction sensitivity due to added service:0.5%1%2%3%4%5%6%7%
New Air Fare due new RJ service=>$356$354$351$347$344$340$337$333
$ paid for air travel by Cedar Valley (000)$10,775$10,721$10,613$10,505$10,396$10,288$10,180$10,071
Cedar Valley Air Fare Savings (000)$54$108$217$325$433$541$650$758
Potential Economic Impact to Cedar Valley from new RJ Air Service (cont.)
Net New Enplaned Passengers:3,661
Average stay:2.5nights(includes non-discretionary travel)
% of new passengers on inbound trips:45%
New enplaned passengers travel to ALO:1,647
Average Hotel rate/day:$60
Food & Beverage per person per day:$30
Tourism spending per person per day:$50
Other spending per person per day:$25
Spending per person per day$165
New spending per person per 2.5-day trip:$413
Economic impact upon Cedar Valley (000):$680
Direct benefit to airport (000):$42
Air Fare Savings (000):$108
Economic impact upon Cedar Valley (000):$680
City sales tax (000):$14
Total (000)$843
Effect of AirTran service
Potential Economic Impact to Waterloo (ALO) from: 2x daily round-trip AirTran service
(106 seat Boeing 717)
Expected net new AirTran pax to ALO:31,328Assumes that Air Tran operates at a 60% LF with each 717 flight and that 70%
of this traffic is net, new incremental traffic ( 89 new pax per day).
$3.00PFC/Passenger
$2.00per passengers in parking fees
$0.50per passener in gift shop / food & beverage sales
$3.00per passenger in car rental revenues
$8.50per passenger economic benefit to airport
31,328AirTran net new enplaned passengers
$266,288Passenger-related benefit to airport
$11,264Landing Fees ($60/Dept--2 dept/day====>704 ann'l dept
$35,000Station Rent:
$312,552Direct benefit to airport
Current enplaned passengers base at ALO:55,000
Outbound passengers:29,70054%
Average round-trip air fare:$358
$ paid for air travel by Waterloo (000)$10,633
Fare reduction sensitivity due to added service:10.0%15%20%25%30%35%40%45%
New Air Fare due new AirTran service=>$322$304$286$269$251$233$215$197
$ paid for air travel by Waterloo (000)$9,569$9,038$8,506$7,974$7,443$6,911$6,380$5,848
Waterloo Air Fare Savings (000)$1,063$1,595$2,127$2,658$3,190$3,721$4,253$4,785
Potential Economic Impact to Waterloo from new Air Tran Service (cont.)
Net New Enplaned Passengers:31,328
Average stay:1.5nights(includes non-discretionary travel)
% of new passengers on inbound trips:46%
New enplaned passengers travel to ALO:14,411
Average Hotel rate/day:$60
Food & Beverage per person per day:$30
Tourism spending per person per day:$50
Other spending per person per day:$25
Spending per person per day$165
New spending per person per 2.5-day trip:$248
Economic impact upon Waterloo (000):$3,567
Direct benefit to airport (000):$313
Air Fare Savings (000):$2,127
Economic impact upon Waterloo (000):$3,567
City Sales Tax (000):$71
Total (000)$6,006
Sheet3
-
Airport FinancingAirports run in a business-like mannerEnterprise FundCompensatory vs. Residual AgreementsCapital Funding Never Enough (Flexibility) - AIPIssues for Small Airports: 1. Self-Sufficiency 2. Funding Capital Improvements 3. Revenues Related to Pax by 80% 4. Expenses Relatively Fixed
-
98% of Airport Revenue comes From Airport Users
Chart1
0.1
0.22
0.02
0.35
0.31
&C&"Arial,Bold"&18 98 % of Airport Revenue comes from Airport Users&"Arial,Regular"&10&12U.S. Airport Sources of Revenue, 1999
&LSource:FAA Form 5100-125
98% of Airport Revenue Comes from Airport Users
Sheet1
98 % of Airport Revenue Comes From Airport Users
U.S. Airport Sources of Revenue, 1999
PFCs10%
AIP22%
State & Local Government2%
Rents & Landing Fees35%
Other Passenger-Generated (concessions, parking, rental cars, etc.31%
Sheet2
Sheet3
-
Capital Improvements
-
Company Ratio 02) Assets : Operating Revenue
Airlines (NWA) 1 : 1 $ 12,955,000 : $ 9,905,000Utilities (Alliant Energy) 3 : 1 $ 6,247,682 : $ 2,777,340 Airports (ALO) 10:1 $10,000,000 : $ 1, 014,895Capital Intensiveness
-
FAA Trust FundBeginning 1946 (local)1946-1969 FAAP (Grants 50%-90%)1970 ADAP (Dedicated Funding Source)1982 AIP (Continuation)Last Reauthorization April 2000
-
FAA Trust Fund (Cont)Trust Fund GreatSmall Airport More Flexibility needed
-
Airport MarketingImportant to any AirportALO Marketing Plan 1. Testimonials 2. Informative 3. Economic Impact 4. Business Retention & Development, Tourism, Quality of Life
-
State of Airline Industry
-
Record LossesRecord LossesBankruptcysLiquidation ??
-
Drive
2002 Costs for United and Southwest
Cost per ASM(c)*% of Revenue
UAWN%DiffUAWN% Diff
Operating Expense
Labor4.772.8965%49.736.113.6%
Fuel1.291.1116%13.413.8-.4%
Commissions0.280.08250%2.91.01.9%
Maintenance Material0.380.57-33%3.97.1-3.2%
Rents & Landing Fees**1.260.7764%13.19.63.5%
Depreciation0.650.5225%6.76.520.0%
Other***2.791.4889%29.118.410.7%
Total****11.47.4154.0%118.892.526.4%
Cost per available seat mile: not adjusted for stage length
Includes aircraft rents
Purchased services, booking fee, crew hotels, legal services, utilities, communication services, other
Excludes non-recurring or special charges
Note: Based on revenues of UAL=$14,286M(RASM=9.60c)and LUV-$5,522M (RASM=8.02c):; expenses of UA-$16,973M and LUV-$5,104M
&LSource: Merrill Lynch analysis of parent company results
Industry
Airline Cost Index --2Q02
Operating ExpensesIndex (1982=100)Share of Operation Expenses (%)
Labor209.738.4
Fuel69.311.6
Fleet256.910.2
Maintenance Material168.62.5
Passenger Food34.562.3
Commissions34.292.2
Landing Fees214.82.1
Communication133.41.5
Insurance187.21.5
Advertising & Promotion45.41.0
Other*166.826.7
Total Operating Expenses162.4100.0
Interest57.23.0
*Purchased services; non-aircraft, depreciation, and amortization; utilities and office supplies; other
&LSource: ATA Airline Cost Index and DOT Form 41
Human Capital
Networks Must Consider Productive Use of Human Capital
Earnings by Occupation for Paid Hours--U.S. Department of Labor*
RankOccupationHourly EarningsWeekly Hours
1Pilots107.2221.9
2Doctors59.7841.4
21Lawyers38.8739.5
28Math Teachers37.5138.9
33Nuclear Engineers35.2340.0
37Electrical Engineers34.5641.0
38Financial Managers34.2940.4
45Transportation Attendants***32.7320.7
56Computer Scientists30.5240.1
58High School Teachers30.2337.1
61Economists29.6339.7
100Architects24.0839.7
120Aircraft Mechanics, Engine**22.0440.0
130Police and Detectives21.540.0
141Aircraft Mechanics, Non-Engine**20.6440.0
270Firefighters17.2248.1
---NATIONAL AVERAGE17.1339.6
300Truck Drivers13.1341.4
437Waiter and Waitresses3.9536.7
*Calendar Year 2001 U.S. survey of 437 professions
**Includes regional, commuter, and general aviation
***Includes flight attendants
&LSource: BLS National Compensation Survey
-
Drive
2002 Costs for United and Southwest
Cost per ASM(c)*% of Revenue
UAWN%DiffUAWN% Diff
Operating Expense
Labor4.772.8965%49.736.113.6%
Fuel1.291.1116%13.413.8-.4%
Commissions0.280.08250%2.91.01.9%
Maintenance Material0.380.57-33%3.97.1-3.2%
Rents & Landing Fees**1.260.7764%13.19.63.5%
Depreciation0.650.5225%6.76.520.0%
Other***2.791.4889%29.118.410.7%
Total****11.47.4154.0%118.892.526.4%
Cost per available seat mile: not adjusted for stage length
Includes aircraft rents
Purchased services, booking fee, crew hotels, legal services, utilities, communication services, other
Excludes non-recurring or special charges
Note: Based on revenues of UAL=$14,286M(RASM=9.60c)and LUV-$5,522M (RASM=8.02c):; expenses of UA-$16,973M and LUV-$5,104M
&LSource: Merrill Lynch analysis of parent company results
Industry
Airline Cost Index --2Q02
Operating ExpensesIndex (1982=100)Share of Operation Expenses (%)
Labor209.738.4
Fuel69.311.6
Fleet256.910.2
Maintenance Material168.62.5
Passenger Food34.562.3
Commissions34.292.2
Landing Fees214.82.1
Communication133.41.5
Insurance187.21.5
Advertising & Promotion45.41.0
Other*166.826.7
Total Operating Expenses162.4100.0
Interest57.23.0
*Purchased services; non-aircraft, depreciation, and amortization; utilities and office supplies; other
&LSource: ATA Airline Cost Index and DOT Form 41
Human Capital
Networks Must Consider Productive Use of Human Capital
Earnings by Occupation for Paid Hours--U.S. Department of Labor*
RankOccupationHourly EarningsWeekly Hours
1Pilots107.2221.9
2Doctors59.7841.4
21Lawyers38.8739.5
28Math Teachers37.5138.9
33Nuclear Engineers35.2340.0
37Electrical Engineers34.5641.0
38Financial Managers34.2940.4
45Transportation Attendants***32.7320.7
56Computer Scientists30.5240.1
58High School Teachers30.2337.1
61Economists29.6339.7
100Architects24.0839.7
120Aircraft Mechanics, Engine**22.0440.0
130Police and Detectives21.540.0
141Aircraft Mechanics, Non-Engine**20.6440.0
270Firefighters17.2248.1
---NATIONAL AVERAGE17.1339.6
300Truck Drivers13.1341.4
437Waiter and Waitresses3.9536.7
*Calendar Year 2001 U.S. survey of 437 professions
**Includes regional, commuter, and general aviation
***Includes flight attendants
&LSource: BLS National Compensation Survey
-
Drive
Individually, Business Models Drive a Cost Dichotomy
2002 Costs for United and Southwest
Cost per ASM(c)*% of Revenue
UAWN%DiffUAWN% Diff
Operating Expense
Labor4.772.8965%49.736.113.6%
Fuel1.291.1116%13.413.8-.4%
Commissions0.280.08250%2.91.01.9%
Maintenance Material0.380.57-33%3.97.1-3.2%
Rents & Landing Fees**1.260.7764%13.19.63.5%
Depreciation0.650.5225%6.76.520.0%
Other***2.791.4889%29.118.410.7%
Total****11.47.4154.0%118.892.526.4%
Cost per available seat mile: not adjusted for stage length
Includes aircraft rents
Purchased services, booking fee, crew hotels, legal services, utilities, communication services, other
Excludes non-recurring or special charges
Note: Based on revenues of UAL=$14,286M(RASM=9.60c)and LUV-$5,522M (RASM=8.02c):; expenses of UA-$16,973M and LUV-$5,104M
&LSource: Merrill Lynch analysis of pa