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Home My WebLink About940493.tiff /sRff/fy L/f/®1OLAllY P.O. Box 727. Gree/ay, CO 90632 303/356-9141 FAX 303/356-2943 January 27, 1994 Board of County Commissioners County of Weld P. O. Box 758 Greeley, CO 80632 Gentlemen: Enclosed is a copy of the Greeley-Weld County Airport Authority's approved 1994 Budget for your files. Sincerely, Kevin S. Bunnell Airport Manager by iA 0 IG 940493 �q1� CXY%N/CDM L/.z n �C��f JR �L r a 7i !. 7"f�Pooo . __ f GREELEY-WELD COUNTY AIRPORT AUTHORITY Airport Fund Budget Budget Year Ending December 31, 1994 Actual Prior Estimated Year Budget Current Year Budget 1992 1993 1993 1994 WORKING CAPITAL Beginning of Year 129,547 214,309 207,564 293,594 REVENUES Airport Operating Revenue Land Rents 56,058 57,000 55,500 56,000 T-Hangar Rents 161,472 150,000 169,000 165,000 Fuel Flow Fees 2,238 1,000 1,000 1,000 Operators Licenses 3,000 2,900 2,900 3,000 Cob. Excise Tax Distr. 13,436 14,000 13,400 14,000 Jet Fuel Sales Tax Rev. 6,324 6,000 6,500 6,500 Finance Charges 301 300 300 300 Miscellaneous Revenue 667 250 6,800 250 Airshow Revenue 6,826 10,000 2,475 10,000 Total Airport Oper. Revenue 250,322 241,450 257,875 256,050 Terminal Sales Aviation Gas 220,600 230,000 262,000 245,000 Jet Fuel 374,128 360,000 384,000 370,000 Auto Gas 12,163 14,000 7,200 7,000 Oil 1,671 1,800 1,400 1,500 Vending/Catering 90 0 400 100 Pilot Supplies 15,281 14,000 30,000 28,000 Volume Discounts (81,795) (82,500) (90,000) (85,000) Total Net Sales 542,138 537,300 595,000 566,600 Cost of Sales Aviation Gas 143,580 150,000 168,500 160,000 Jet Fuel 198,812 175,000 190,000 183,500 Auto Gas 8,969 10,000 4,900 4,700 Oil 1,474 1,350 1,100 1,300 Vending/Catering 75 0 300 75 Pilot Supplies 12,339 11,500 25,000 22,600 Total Cost of Sales 365,249 347,850 389,800 372,175 Gross Margin 176,889 189,450 205,200 194,425 1 Actual Prior Estimated Year Budget Current Year Budget Airport Fund, Cont'd 1992 1993 1993 1994 Other Terminal Oper. Rev. Tie Down 1,757 1,500 1,500 1,500 Overnight Hangar 932 1,000 60 100 Building 5,814 6,700 4,770 6,000 Oxygen 825 750 1,200 1,200 Finance Charges 301 300 300 300 Miscellaneous 3,922 1,500 2,500 2,000 Total Terminal Oper. Rev. 190,440 201,200 215,530 205,525 Farm Revenue Crops 620 0 0 0 Land Rental 10,280 12,280 10,280 17,050 Total Farm Revenue 10,900 12,280 10,280 17,050 Non-Operating Revenue Grants from F.A.A. 0 63,000 0 63,000 Local Government Approp. 0 7,000 25,530 15,000 Colorado (CAB) Grants 0 56,307 59,607 29,000 Earnings on Investments 3,248 2,000 1,500 1,500 Oil & Gas Lease Revenue 3,288 3,000 2,000 1,800 Private Contributions 4,062 0 620 0 Proceeds-Sale of Equip. 1,500 0 0 0 Principal on Note Rec. 12,343 11,409 10,946 0 Loan Proceeds-L.T. Debt 70,055 22,000 0 0 Total Non-Operating Rev. 94,496 164,716 100,203 110,300 TOTAL REVENUE 546,158 619,646 583,888 588,925 TOTAL RESOURCES AVAILABLE 675,705 833,955 791,452 882,519 EXPENDITURES Airport Personnel Services Salaries & Wages 141,198 156,900 155,730 160,250 FICA 10,747 11,990 11,920 12,260 Health & Life Insurance 12,507 13,000 12,610 12,600 Workmen's Compensation 1,538 3,000 2,800 3,000 Unemploymnt Compensation 0 0 0 7,200 Retirement 0 7,500 13,900 7,600 Airport Contract Services Auditing 5,000 5,000 5,000 5,000 Security 758 750 760 760 Legal 5,170 4,000 1,250 3,500 Engineering 0 1,000 0 1,000 Tank Testing 3,430 5,400 5,400 2,500 Other Professional Work 3,000 5,000 0 3,000 2 T Actual Prior Estimated Year Budget Current Year Budget Airport Fund, Cont'd 1992 1993 1993 1994 Airport Supplies Office Supplies 1,874 2,400 2,450 2,800 Consumable Supplies 6,191 6,600 5,800 6,600 Consumable Tools 326 600 785 850 Uniforms & Clothing 1,154 1,600 1,600 1,600 Airport Repairs & Maint. Buildings 3,153 4,500 5,750 5,000 Equipment 14,643 26,000 25,550 28,000 Grounds 4,790 21,900 11,000 22,000 Airport Utilities Telephone 8,675 8,800 8,200 9,300 Electric 11,654 1 1,900 14,000 15,500 Water 1,225 1,300 1,280 1,600 Gas 4,700 7,500 3,600 6,000 Other Airport Expenses Insurance 19,043 20,000 20,130 22,000 EAA Fly-In Expense 650 500 0 750 Equipment Rent 10,657 4,500 2,210 4,500 Dues 1,210 2,000 1,547 2,000 Subscriptions 194 390 200 390 Miscellaneous 1,429 2,500 1,250 2,500 Bad Debts 503 2,000 0 2,000 Postage 1,930 2,450 2,600 3,200 Promotion & Advertising 1,973 5,000 3,000 5,000 Fuel for Equipment 5,272 6,200 5,200 6,200 Meetings 660 1,800 1,000 1,800 Local Travel 142 250 200 250 Non-Local Travel 1,147 2,000 1,100 3,500 EPA Stormwater Assessmnt 1,481 150 92 150 Airshow Expense 4,884 10,000 2,168 10,000 Credit Card Processing Charge 2,436 3,000 3,420 3,600 Total Airport Operating Exp 295,344 369,380 333,502 385,760 3 Actual Prior Estimated Year Budget Current Year Budget Airport Fund, Cont'd 1992 1993 1993 1994 Capital Outlay Airport Property & Equip. 72,512 103,000 14,327 96,000 Master Plan Update 0 10,000 0 10,000 Rehab. Apron & Taxiway 0 31,307 45,016 44,000 Land Purch.-Airp. Expan. 0 0 0 0 Environ. Impact Study 0 60,000 0 60,000 Private Contributions 4,062 0 479 0 Total Capital Outlay 76,574 204,307 59,822 210,000 Debt Service - Airport Interest Expense 32,449 30,663 29,167 24,688 Principal 63,774 78,724 75,367 55,403 Total Debt Service 96,223 109,387 104,534 80,091 TOTAL EXPENDITURES 468,141 683,074 497,858 675,851 WORKING CAPITAL End of Year 207,564 150,881 293,594 206,668 4 T GREELEY-WELD COUNTY AIRPORT AUTHORITY Combined Budget Summary All Funds Budget Year Ending December 31, 1994 Actual Prior Estimated Year Budget Current Year Budget 1992 1993 1993 1994 AIRPORT FUND Resources Work Capital-Beg. of Yr. 129,547 214,309 207,564 293,594 Revenues Airport Operating Rev. 250,322 241,450 257,875 256,050 Terminal Operating Rev. 190,440 201,200 215,530 205,525 Farm Revenue 10,900 12,280 10,280 17,050 Non-Operating Revenue 94,496 164,716 100,203 110,300 Total Revenue 546,158 619,646 583,888 588,925 Total Resources Available 675,705 833,955 791,452 882,519 Expenditures Airport Operating Exp. 295,344 369,380 333,502 385,760 Capital Outlay 76,574 204,307 59,822 210,000 Debt Service 96,223 109,387 104,534 80,091 Total Expenditures 468,141 683,074 497,858 675,851 Working Capital-End of Year 207,564 150,881 293,594 206,668 5 GREELEY-WELD COUNTY AIRPORT AUTHORITY Capital Needs Forecast All Funds Budget Year Ending December 31, 1994 Actual Prior Estimated Year Budget Current Year Budget 1992 1993 1993 1994 AIRPORT FUNDED Airport Property & Equip. Tractor/Mower/Blower 0 32,500 0 0 Overlay Entrance Roads 0 7,500 0 8,000 Update Office Equip. 0 6,000 3,877 0 Establish Fuel Farm 0 30,000 0 30,000 Highway Building 0 12,000 10,450 0 Mounting Static Display 0 0 0 3,000 Front End Loader 0 0 0 40,000 Hand Held Unicom Radios 848 0 0 0 Fuel Trucks 44,000 0 0 0 Restaurant Expansion 27,664 0 0 0 Flightline Equip Storage 0 15,000 0 15,000 TOTAL AIRPORT FUNDED 72,512 103,000 14,327 96,000 FAA/CAB/CITY-COUNTY FUNDED Rehab. Apron & Taxiways 0 31,307 45,016 44,000 Land Purch.-Airp. Expansion. 0 0 0 0 Update Master Plan 0 10,000 0 10,000 Environmental Impact Study 0 60,000 0 60,000 Tractor/Mower 0 0 40,121 0 TOTAL FAA/CITY-CNTY FUNDED 0 101,307 85,137 114,000 PRIVATELY FUNDED Pavilion 4,062 0 479 0 TOTAL CAPITAL OUTLAY 76,574 204,307 99,943 210,000 6 Hello