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Home My WebLink About930865.tiff iill mf flOllull/NTY 11/192111/1 P.O. Box 727• Grea1ey, CO BgS32 303/356-9141 FAXl23/,956-2647 January 20 , 1993 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 1993 Budget for your files . Sincerely, Kevin S . Bunnell Airport Manager AP000(0 930865 C 101 �� GREELEY-WELD COUNTY AIRPORT AUTHORITY Airport Fund Budget Budget Year Ending December 31 , 1993 Actual Prior Estimated Proposed Year Budget Current Year Budget 1991 1992 1992 1993 WORKING CAPITAL Beginning of Year 68 , 128 99 ,427 129 ,547 214 ,309 REVENUES Airport Leases & Rentals Land Rents 55 ,634 60 ,000 56 ,500 57 ,000 T-Hangar Rents 150 ,435 148 ,000 160 ,000 150 ,000 Other Airport Oper . Rev . Fuel Flow Fees 14 ,613 6 ,000 2 ,500 1 ,000 Operators Licenses 4 ,006 4 ,500 2 ,900 2 ,900 Colo . Excise Tax Distr . 17 , 148 18 ,000 14 ,000 14 ,000 Jet Fuel Sales Tax Rev . 2 ,855 0 6 ,000 6 ,000 Finance Charges 244 500 275 300 Miscellaneous Revenue 160 300 600 250 Airshow Revenue 0 0 7 ,000 10 ,000 Total Airport Oper . Revenue 245 ,095 237 ,300 249 ,775 241 ,450 Terminal Sales Aviation Gas 235 ,666 242 ,000 228 ,350 230 ,000 Jet Fuel 368 ,442 370 ,000 357 ,230 360 ,000 Auto Gas 11 ,806 10 ,000 14 ,520 14 ,000 Oil 1 ,749 2 ,200 1 ,775 1 ,800 Vending/Catering 389 400 100 0 Pilot Supplies 12 ,847 14 ,000 14 ,530 14 ,000 Volume Discounts ( 82 ,638 ) ( 90 ,000 ) ( 82 ,480 ) ( 82 ,500 ) Total Net Sales 548 ,261 548 ,600 534 ,025 537 ,300 Cost of Sales Aviation Gas 153 ,853 155 ,400 148 ,915 150 ,000 Jet Fuel 199 ,280 195 ,200 174 ,590 175 ,000 Auto Gas 8 ,927 6 ,250 10 ,000 10 ,000 Oil 1 ,462 1 ,800 1 ,330 1 ,350 Vending/Catering 401 350 85 0 Pilot Supplies 9 ,283 11 ,200 11 ,825 11 ,500 Total Cost of Sales 373 ,206 370 ,200 346,745 347 ,850 Gross Margin 175 ,055 178 ,400 187 ,280 189 ,450 Actual Prior Estimated Proposed Year Budget Current Year Budget Airport Fund , Cont 'd 1991 1992 1992 1993 Other Terminal Oper . Rev . Tie Down 2 , 121 4 ,000 1 ,500 1 ,500 Overnight Hangar 931 1 ,000 1 ,300 1 ,000 Building 2 ,953 4 ,000 5 ,500 6 ,700 Oxygen 349 500 750 750 Finance Charges 298 500 275 300 Miscellaneous 678 1 ,500 1 ,600 1 ,500 Total Terminal Oper . Rev . 182 ,385 189 ,900 198 ,205 201 ,200 Farm Revenue Crops 454 0 620 0 Government Payments 0 0 0 0 Land Rental 10 ,280 10 ,280 10 ,280 12 ,280 Total Farm Revenue 10 ,734 10 ,280 10 ,900 12 ,280 Non-Operating Revenue Grants from F .A .A . 36 ,324 63 ,000 0 63 ,000 Local Government Approp , 26 ,360 7 ,000 0 7 ,000 Colorado ( CAB ) Grants 0 0 0 56 ,307 Earnings on Investments 4 ,870 5 ,000 3 ,300 2 ,000 Oil & Gas Lease Revenue 4 ,368 4 ,700 3 , 150 3 ,000 Private Contributions 1 ,956 0 4 ,027 0 Proceeds-Sale of Equip . 0 0 0 0 Principal on Note Rec . 10 ,683 11 ,885 11 ,885 11 ,409 Loan Proceeds-L .7 . Debt 0 0 71 ,000 22 ,000 Total Non-Operating Rev . 84 ,561 91 ,585 93 ,362 164 ,716 TOTAL RESOURCES AVAILABLE 590 ,903 628 ,492 681 ,789 833 ,955 EXPENDITURES Airport Personnel Services Salaries & Wages 69 ,859 96 ,900 79 , 100 96 ,900 FICA 5 ,256 7 ,400 6 ,050 7 ,400 Health & Life Insurance 8 ,509 9 ,600 8 ,945 9 ,200 Workmen 's Compensation 1 ,048 2 ,000 1 ,400 1 ,500 Unemploymnt Compensation 0 0 0 0 Retirement 0 6 ,400 0 7 ,500 Airport Contract Services Auditing 2 ,450 2 ,500 2,500 2 ,500 Security 376 350 ' 350 37S Legal 939 3 ,000 3 ,000 3 ,000 Engineering 0 1 ,000 0 1 ,000 Other Professional Work 0 1 ,000 3 ,000 5 ,000 Actual Prior Estimated Proposed Year Budget Current Year Budget Airport Fund , Cont 'd 1991 1992 1992 1993 Airport Supplies Office Supplies 1 ,268 1 ,200 500 1 ,000 Consumable Supplies 2 ,765 3 ,200 3 ,500 3 ,500 Consumable Tools 154 750 210 500 Uniforms & Clothing 301 400 240 400 Airport Repairs & Maint . Buildings 1 , 107 3 ,000 500 2 ,500 Equipment 10 , 146 15 ,000 13 ,400 22 ,000 Grounds 15 , 135 19 ,000 4 ,600 21 ,900 Airport Utilities Telephone 5 ,304 4 ,500 4 ,500 4 ,800 Electric 5 ,904 6 ,200 6 ,200 6 ,500 Water 939 900 850 900 Gas 4 ,603 6 ,000 4 ,650 6 ,000 Other Airport Expenses Insurance 12 ,414 12 ,000 12 ,200 13 ,000 Airshow 2 ,044 1 ,500 650 500 Equipment Rent 3 ,852 3 ,700 3 ,000 3 ,500 Dues 518 1 ,500 850 1 ,500 Subscriptions 48 240 100 240 Miscellaneous 820 1 ,500 600 1 ,500 Bad Debts 351 1 ,000 0 1 ,000 Postage 765 1 ,200 1 , 100 1 ,200 Promotion & Advertising 1 ,515 2 ,500 1 ,700 2 ,500 Fuel for Equipment 3 ,447 4 ,200 5 , 180 5 ,200 Meetings 899 1 ,500 750 1 ,500 Local Travel 293 400 200 250 Non-Local Travel 1 ,635 2 ,000 1 ,200 2X 000 EPA Stormwater Assessmnt 0 1 ,481 1 ,480 150 Airshow Expense 0 0 5,300 10 ,000 Total Airport Operating Exp 164 ,664 225 ,021 177 ,805 248 ,415 Terminal Personnel Services Salaries & Wages 63 ,329 67 ,050 60 ,000 60 ,000 FICA , 4 ,785 5 , 130 4 ,590 4 ,590 Health & Life Insurance 3 ,756 3 ,800 3 ,525 3 ,800 Work Camp ./Unemploy Ins . 1 ,048 2 ,000 1 ,400 1 ,500 Terminal Contract Services Auditing 2 ,450 2 ,500 2 ,500 2 ,500 Security 376 350 350 375 Legal 217 1 ,000 0 1 ,000 Tank Testing 997 3 ,500 3 ,430 5 , 400 Actual Prior Estimated Proposed Year Budget Current Year Budget Airport Fund , Cont 'd 1991 1992 1992 1993 Terminal Supplies Office Supplies 1 ,719 1 ,600 1 , 100 1 ,400 Consumable Supplies 3 ,364 2 ,700 2 ,920 3 , 100 Consumable Tools 10 100 20 100 Uniforms & Clothing 934 1 ,200 900 1 ,200 Terminal Repairs & Maint . Buildings 1 ,832 2 ,000 1 ,400 2 ,000 Equipment 1 ,391 2 ,000 3 ,200 4 ,000 Grounds 0 0 0 0 Terminal Utilities Telephone 5 ,024 4 ,500 3 ,800 4 ,000 Electric 4 .741 4 ,200 5 ,230 5X 400 Water 330 600 300 400 Gas 994 1 ,200 1 , 100 1 .500 Other Terminal Expenses Insurance 6 ,944 8 ,000 6 ,425 7 ,000 Equipment Rent 17 ,271 19 ,600 8 ,300 1 ,000 Dues 425 450 430 500 Subscriptions 55 150 100 150 Miscellaneous 472 1 ,500 600 1 ,000 Bad Debts 654 1 ,000 0 1 ,000 Postage 849 1 ,200 1 , 160 1 ,250 Promotion & Advertising 1 ,497 2 ,500 1 ,500 2 ,500 Fuel for Equipment 551 1 ,000 600 1 ,000 Meetings & Travel 776 300 0 300 Credit Card Process Chrg 2 ,724 3 ,200 2 ,500 3 ,000 Total Terminal Oper . Exp. 129 ,515 144 ,330 117 ,380 120 ,965 Farm Expenditures Misc . Farm Expenses 2 ,423 0 0 0 Actual Prior Estimated Proposed Year Budget Current Year Budget Airport Fund , Cont 'd 1991 1992 1992 1993 Capital Outlay Airport Property & Equip 23 ,525 38 ,700 0 88 ,000 Terminal Prop . & Equip . 9 ,350 1 ,200 71 ,848 15 ,000 Master Plan Update 0 10 ,000 0 10 ,000 Rehab . Apron & Taxiway 40 ,360 0 0 31 ,307 Land Purch .-Airp . Expan . 0 0 0 0 Environ . Impact Study 0 60 ,000 0 60 ,000 Private Contributions 1 ,956 0 4 ,027 0 Total Capital Outlay 75 , 191 109 ,900 75 ,875 204 ,307 Debt Service - Airport Interest Expense 35 ,454 32 ,350 30 ,275 25 ,511 Principal 46 ,387 50 , 100 52 , 112 55 ,206 Debt Service - Terminal Interest Expense 1 , 145 1 ,350 2 ,318 5 , 152 Principal 6 ,577 6 ,370 11 ,715 23 ,518 Total Debt Service 89,563 90 , 170 96 ,420 109 ,387 TOTAL EXPENDITURES 461 ,356 569 ,421 467 ,480 683 ,074 WORKING CAPITAL End of Year 129 ,547 59 ,071 214 ,309 150 ,881 GREELEY-WELD COUNTY AIRPORT AUTHORITY Combined Budget Summary All Funds Budget Year Ending December 31 , 1993 Actual Prior Estimated Proposed Year Budget Current Year Budget 1991 1992 1992 1993 AIRPORT FUND Resources Work Capital-Beg . of Yr . 68 , 128 99 ,427 129 ,547 214 ,309 Airport Operating Rev . 245 ,095 237 ,300 249 ,775 241 ,450 Terminal Operating Rev . 182 ,385 189 ,900 198,205 201 ,200 Farm Revenue 10 ,734 10 ,280 10 ,900 12 ,280 Non-Operating Revenue 84 ,561 91 ,585 93,362 164 ,716 Total Resources Available 590 ,903 628 ,492 681 ,789 833,955 Expenditures Airport Operating Exp . 164 ,664 225 ,021 177 ,805 248 ,415 Terminal Operating Exp . 129 ,515 144 ,330 117 ,380 120 ,965 Farm Expenses 2 ,423 0 0 0 Capital Outlay 75 , 191 109 ,900 75 ,875 204 ,307 Debt Service 89 ,563 90 , 170 96 ,420 109 ,387 Total Expenditures 461 ,356 569 ,421 467 ,480 683 ,074 Working Capital-End of Year 129 ,547 59 ,071 214 ,309 150 ,881 GREELEY-WELD COUNTY AIRPORT AUTHORITY Capital Needs Forecast All Funds Budget Year Ending December 31 , 1993 Actual Prior Estimated Proposed Year Budget Current Year Budget 1991 1992 1992 1993 AIRPORT FUNDED Airport Property & Equip . Tractor/Mower/Blower 0 O 0 32 ,500 Wind Indicator 0 0 0 0 Plow/Truck 0 0 0 0 Overlay Entrance Roads 21 ,377 7 ,500 0 7 ,500 Update Office Equip . 0 0 0 6 ,000 Establish Fuel Farm 0 30 ,000 0 30 ,000 Seal Runway 09/27 0 0 0 0 Sprinkler System 2 , 148 600 0 0 Entrance Road Lights 0 600 0 0 Highway Building 0 0 0 12 ,000 Total Airport Prop . & Equip 23 ,525 38 ,700 0 88 ,000 Terminal Prop . & Equipment Unicorn Console Box 0 0 0 0 Furnace/Air Conditioner 3 ,511 0 0 0 Carpet 3 ,490 0 0 0 Telephone System 2 ,349 0 0 0 Hand Held Unicorn Radios 0 1 ,200 848 0 Fuel Trucks 0 0 44 ,000 0 Restaurant Expansion 0 0 27 ,000 0 Flightline Equip Storage 0 0 0 15 ,000 Total Terminal Prop . & Eq . 9 ,350 1 ,200 71 ,848 15 ,000 TOTAL AIRPORT FUNDED 32 ,875 39 ,900 71 ,848 103 ,000 FAA/CAB/CITY-COUNTY FUNDED Rehab . Apron & Taxiways 40 ,360 0 0 31 ,307 Land Purch .-Airp . Expansion 0 0 0 0 Update Master Plan 0 10 ,000 O 10 ,000 Environmental Impact Study 0 60 ,000 0 60 ,000 TOTAL FAA/CITY-CNTY FUNDED 40 ,360 70 ,000 0 101 ,307 PRIVATELY FUNDED Pavilion 1 ,956 0 4 ,027 0 TOTAL CAPITAL OUTLAY 75 , 191 109 ,900 75 ,875 204 ,307 Hello