HomeMy WebLinkAbout993001.tiff GREELEY-WELD COUNTY
AIRPORT AUTHORITY
--c
HC ,' Iv�4 ��e':+�
fret,
,Cz`p �'t� .,7,
7
Ass - ✓r,A��.:
u�Ci �1?"--I
lel
BUDGET
FY 2000
Qovr O di, 99 6001
.1,1 ;1'2-(3/4PPS
'O!/fflfY-
!1/fIOCOU/VrY
- 9>ryne1 A//�PO//r
December 17th, 1999
State of Colorado
Division of Local Government
1313 Sherman Street, Room 521
Denver, CO 80203
Attached is the 2000 Budget for the Greeley-Weld County Airport Authority, submitted
pursuant to Section 29-1-116 CRS. The Taxpayer's Bill of Rights (TABOR) was
considered in the preparation of this budget. This budget was adopted on December 16th,
1999 by the Greeley-Weld County Airport Authority Board of Commissioners. If there are
any questions concerning this budget, please contact me at (970) 356-9141, or P.O. Box
727, Greeley, CO 80632.
I hereby certify that the enclosed documents are true and accurate copies of the budget.
Signature of Officer: / G n-61-nt.A--
Michael A. Reisman, A.A.E.
Airport Manager
P.O. Box 727 • Greeley, CO 80632 • (970)356-9141 • FAX(970)356-2643
GREELEY-WELD COUNTY AIRPORT AUTHORITY
RESOLUTION NO. 10-99
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES FOR EACH FUND
AND ADOPTING A BUDGET FOR THE GREELEY-WELD COUNTY AIRPORT
AUTHORITY FOR THE CALENDAR YEAR BEGINNING ON THE FIRST DAY OF
JANUARY, 2000, AND ENDING ON THE LAST DAY OF DECEMBER, 2000.
WHEREAS, the Greeley-Weld County Airport Authority has appointed its Airport Manager,
Michael A. Reisman, A.A.E., to prepare and submit a proposed budget to its governing
body at the proper time; and
WHEREAS, the Airport Manager has submitted a proposed budget to this governing body
on October 18`h, 1999 for its consideration; and
WHEREAS, upon due and proper notice, published or posted in accordance with law, said
proposed budget was open for inspection by the public at a designated place, a public
hearing was held on December 16th, 1999, and interested taxpayers were given the
opportunity to file or register any objections to said proposed budget; and
WHEREAS, whatever increases may have been made in the expenditures, like increases
were added to the revenues so that the budget remains balanced, as required by law.
NOW, THEREFOIRE, BE IT RESOLVED by the Greeley-Weld County Airport Authority
Board of Commissioners:
That the budget submitted and attached to this resolution is hereby approved
and adopted by the Greeley-Weld County Airport Authority for the year 2000;
and
That the budget hereby approved and adopted shall be signed by the
Chairman and Secretary and made a part of the pubic records of the
Authority.
ADOPTED this 16th day of December, 1999.
ATTEST: GREELEY-WELD COUNTY
AIRPORT AUTHORITY:
--
eorg . Baxter, Secretary/Treasurer DaTe K. Hall, Chairman
GREELEY-WELD COUNTY AIRPORT AUTHORITY
RESOLUTION NO. 11-99
A RESOLUTION APPROPRIATING SUMS OF MONEY TO THE VARIOUS AIRPORT
FUNDS AND SPENDING AGENCIES, IN THE AMOUNTS AND FOR THE PURPOSE AS
SET FORTH BELOW, FOR THE GREELEY-WELD COUNTY AIRPORT AUTHORITY,
FOR THE 2000 BUDGET YEAR.
WHEREAS, the Greeley-Weld County Airport Authority has adopted the annual budget in
accordance with the Local Government Budget Law, on December 16th, 1999; and
WHEREAS, the Greeley-Weld County Airport Authority has made provisions therein for
revenues in an amount equal to or greater than the total proposed expenditures as set
forth in said budget; and
WHEREAS, it is not only required by law, but also necessary to appropriate the revenues
provided in the budget to and for the purposes described below, so as not to impair the
operations of the Authority.
NOW, THEREFORE, BE IT RESOLVED by the Greeley-Weld County Airport Authority
Board of Commissioners that the following sums are hereby appropriated from the
revenues of each fund, to each fund, for the purposes stated:
Total Airport Fund: $6,719,021.00
Total Employees Pension Fund: $ 73,834.00
ADOPTED this 16th day of December, 1999.
ATTEST: GREELEY-WELD COUNTY
AIRPORT AUTHORITY:
e ,7)
Geor E. Baxter, Secretary/Treasurer Dale K. Hall, Chair an
�flocoh/ivey
www 9xy,,et Olrl
GREELEY-WELD COUNTY AIRPORT AUTHORITY
Greeley, Colorado
BUDGET MESSAGE - FY 2000
The Greeley-Weld County Airport Authority currently accounts for all operations in
enterprise (proprietary) funds and uses the accrual basis of accounting. Revenues are
recognized when they are earned and expenses are recognized when liabilities are
incurred. This budget was prepared taking into consideration the flow of financial
resources or working capital. Services to be delivered during the budget year include the
general operation and maintenance of the Greeley-Weld County Airport, operation of
terminal services, and capital improvements associated with the expansion of the airport.
Main sources of revenue are from hangar rentals, land leases, fuel sales, grant awards,
and local government appropriations.
The airport began construction if its multi-year expansion project in 1997, which included
the construction of a new 10,000 foot runway, taxiway, and terminal building. Some
Federal and State of Colorado grants awarded in 1997, 1998 and 1999 will remain open
and have associated expenses in 2000. Grant awards from the State of Colorado are
either directly for, or an offset to local funds budgeted for the construction of the new
terminal building by the City of Greeley and Weld County.
Terminal sales revenue is forecast to remain generally flat, with the Gross Margin
remaining comparable to 1999.
Leases and Rentals are scheduled to increase moderately. This due to the leasing of
several additional sites during 1999, and the enlargement of several other sites during the
same period. Additionally, CANG (Colorado Air National Guard) Rent has been added as
a new line item to represent the deferred revenue received for the lease of airport property
to the LANG. The remaining balance of the lease revenue for the term of the 75 year
lease was received in 1999.
Grants from the FAA in Non-Operating Revenue will be similar to revenues actually
received in 1999. Several grants will remain open from prior years, and are anticipated to
F!0. Box 727 • Greeley, CO 80632 • (970) 356-9141 • FAX(970)356-2643
Budget Message
Page 2
close out during the 2000 budget year. The possibility of one additional FAA and State
grant is also anticipated, but is dependant upon the level of funding approved at the federal
level in early 2000. The State of Colorado Energy Impact Grant which was anticipated to
be entirely received and subsequently spent in 1999 will roll over in part to 2000 due to
delays in completion of the associated project. Local Government Appropriations includes
5 percent matching fund requirements from the City of Greeley and Weld County directly
related to the FAA funded projects.
Inter-Government Revenue from the City and County represents the costs associated with
the construction of the new terminal building, as well as additional funds appropriated in
1999 for the completion of an Infrastructure Master Plan, and for road improvements
scheduled in 2000.
All remaining revenue due as Grants Receivable was received in 1999. No additional
funds will be identified on this line item.
Airport Personnel Services represents a moderate increase from prior years attributable
to an Airport Board approved increase to the base pay rates for certain job classifications
beginning in 2000.
Airport Funded Capital Outlay includes expenditures for the continuance of the airport
pavement maintenance program, purchase of a new 20' rotary mower, and a re-
conditioned aircraft tow tractor. Funds have also been included for road improvements,
which will be supplemental to those appropriated by the City of Greeley and Weld County
for the same project.
In 1993 the Airport Authority approved the establishment of a defined contribution pension
plan for its employees. A fiduciary (trust) is used to account for the assets held by the
Airport Authority in a trustee capacity for its eligible employees. Contributions to the plan
by the Airport Authority are discretionary, and the airport has budgeted five percent of the
total payroll expense as contributions for 2000. Employees may not contribute to the plan,
and are fully vested after five years of service. An employee who leaves the employment
of the Airport Authority is entitled to the vested amount in his/her account.
SUBMITTED:
M. Cr. 2.6-hae.
Michael A. Reisman, A.A.E.
Airport Manager
GREELEY-WELD COUNTY AIRPORT
SUMMARY OF OPERATING BUDGET ONLY
All grant, terminal and CANG expenses and revenues excluded.
FINANCIAL RESOURCES PROVIDED
DESCRIPTION FY 98 FY 99 FY 99 FY 00
ACTUAL BUDGET EST. PROP.
GROSS MARGIN 320,470.00 210,380.00 286,175.00 258,220.00
LEASES & RENTALS 267,847.00 294,208.00 318,814.00 322,599.00
OTHER OPERATING REV 38,004.00 32,360.00 36,574.00 40,674.00
FARM REVENUE 27,324.00 29,120.00 28,240.00 28,322.00
NON OPERATING REV 24,138.00 16,200.00 16,251.00 8,500.00
TOTAL REVENUE 677,783.00 582,268.00 686,054.00 658,315.00
FINANCIAL RESOURCES APPLIED
DESCRIPTION FY 98 FY 99 FY 99 FY 00
ACTUAL BUDGET EST. PROP.
PERSONNEL SERVICES 309,791.00 319,683.00 317,205.00 359,390.00
CONTRACT SERVICES 17,672.00 11,300.00 9,455.00 12,900.00
SUPPLIES 16,706.00 19,000.00 14,825.00 18,500.00
REPAIR & MAINT. 36,869.00 33,200.00 28,200.00 26,500.00
UTILITIES 36,457.00 38,000.00 31,020.00 35,000.00
OTHER EXPENSES 55,107.00 60,959.00 55,509.00 62,159.00
CAPITAL OUTLAY 30,533.00 137,000.00 136,731.00 67,000.00
DEBT SERVICE 65,875.00 62,400.00 62,400.00 62,400.00
TOTAL EXPENSES 569,010.00 681,542.00 655,345.00 643,849.00
INCREASE (DECREASE) 108,773.00 (99,274.00) 30,709.00 14,466.00
IN RESOURCES
GREELEY-WELD COUNTY AIRPORT AUTHORITY
AIRPORT FUND - BUDGET
BUDGET YEAR ENDING DECEMBER 31st, 2000
FINANCIAL RESOURCES PROVIDED
TERMINAL SALES REVENUE
AUTOGAS 5,072.00 0.00 0.00 0.00
JET A 532,769.00 468,000.00 450,000.00 516,600.00
OIL 1,467.00 1,500.00 1,250.00 1,300.00
PILOT SUPPLIES 25,489.00 24,000.00 25,500.00 24,000.00
CATERING SUPPLIES 1,531.00 1,100.00 1,100.00 1,000.00
AVGAS 100LL 274,043.00 260,000.00 285,000.00 257,040.00
DISCOUNTS (110,385.00) (123,150.00) (107,000.00) (111,800.00)
COST OF GOODS SOLD
AUTOGAS 3,295.00 0.00 0.00 0.00
JET A 225,640.00 232,800.00 180,000.00 243,540.00
OIL 1,236.00 1,200.00 935.00 1,040.00
19,066.00 19,680.00 18,750.00 19,200.00
PILOT SUPPLIES
CATERING SUPPLIES 1,402.00 990.00 990.00 900.00
AVGAS 100LL 158,877.00 166,400.00 169,000.00 165,240.00
320,470.00 210,380.00 286,175.00 258,220.00 GROSS MARGIN
1
LEASES AND RENTALS
LAND RENTALS 60,630.00 70,250.00 77,200.00 88,995.00
HANGAR RENTALS 197,827.00 216,822.00 232,000.00 224,190.00
TIE-DOWNS 1,976.00 2,000.00 2,200.00 2,000.00
OFFICE SPACE 5,136.00 5,136.00 5,136.00 5,136.00
LANG RENT 2,278.00 0.00 2,278.00 2,278.00
OTHER OPERATIING REVENUE
FUEL FLOWAGE FEES 3,330.00 3,700.00 4,300.00 5,700.00
OPERATOR LICENSES 2,500.00 2,700.00 2,500.00 2,500.00
STATE EXCISE TAX DIST. 18,278.00 14,430.00 15,949.00 18,074.00
JET FUEL SALES TAX REV. 8,705.00 7,830.00 10,180.00 10,900.00
FINANCE CHARGES 1,056.00 700.00 900.00 800.00
OXYGEN 1,275.00 1,000.00 1,265.00 1,200.00
MISCELLANEOUS REVENUE 2,860.00 2,000.00 1,480.00 1,500.00
FARM REVENUE
4. 0 29 120.00 28 240.00 28,322.00
LAND RENTAL 27,32 0
2
NON-OPERATING REVENUE
GRANTS FROM FAA 4,175,894.00 6,663,641.00 4,391,924.00 5,158,000.00
GRANTS FROM CAB 225,549.00 385,945.00 236,231.00 286,556.00
GRANTS FROM ENERGY IMP. 0.00 150,000.00 220,000.00 80,000.00
LCL GOVT. APPROPRIATIONS 977,265.00 401,514.00 251,761.00 286,556.00
EARNINGS ON INVESTMENT 8,667.00 7,000.00 7,440.00 7,000.00
OIL AND GAS LEASE REV. 2,157.00 2,200.00 1,570.00 1,500.00
INTER-GOVT. REV./GREELEY 492,084.00 499,863.00 315,000.00 132,030.00
INTER-GOVT. REV./WELD CO. 485,181.00 499,863.00 315,000.00 132,030.00
LEASE REVENUE/GANG 102,788.00 35,971.00 71,942.00 0.00
ADVANCE RE-PAYMENT/CITY 98,733.00 0.00 0.00 0.00
PROCEEDS/SALE OF EQUIP. 13,314.00 7,000.00 7,241.00 0.00
PROCEEDS/NOTE PAYABLE 0.00 0.00 0.00 0.00
GRANTS RECEIVABLE 315,107.00 285,000.00 288,789.00 0.00
us
TOTAL RESOURCES 7,550,384.00 9,504,065.00 6,776,701.00 6,733,487.00
PROVIDED
3
FINANCIAL RESOURCES APPLIED
AIRPORT PERSONNEL SERVICES
SALARIES AND WAGES 248,575.00 258,565.00 255,516.00 287,545.00
OVERTIME EARNINGS 3,072.00 2,000.00 2,000.00 2,000.00
FICA 15,388.00 16,031.00 15,842.00 17,508.00
HEALTH & LIFE INSURANCE 17,381.00 19,421.00 20,143.00 23,508.00
UNEMPLOYMENT 0.00 0.00 0.00 0.00
WORKERS COMPENSATION 9,988.00 6,989.00 7,071.00 10,357.00
MEDICARE/CHILDCARE 3,599.00 3,749.00 3,705.00 4,095.00
RETIREMENT 11,788.00 12,928.00 12,928.00 14,377.00
AIRPORT CONTRACT SERVICES
AUDITING 5,000.00 5,000.00 5,000.00 5,000.00
SECURITY 889.00 800.00 825.00 900.00
LEGAL SERVICES 1,735.00 3,000.00 2,000.00 3,000.00
RETIREMENT PLAN ADMIN. 1,812.00 1,500.00 500.00 1,000.00
PROFESSIONAL SERVICES 8,236.00 1,000.00 1,130.00 3,000.00
4
AIRPORT SUPPLIES
I
OFFICE SUPPLIES 2,038.00 3,500.00 2,025.00 2,500.00
CONSUMABLE SUPPLIES 5,975.00 6,000.00 5,150.00 6,000.00
CONSUMABLE TOOLS 3,446.00 500.00 600.00 1,000.00
SMALL ITEMS OF EQUIPMENT 523.00 1,500.00 2,000.00 1,500.00
UNIFORMS AND CLOTHING 4,724.00 6,500.00 4,000.00 7,000.00
COMPUTER SOFTWARE 0.00 1,000.00 1,050.00 500.00
AIRPORT REPAIR AND MAINTENANCE
BUILDINGS 2,083.00 1,200.00 1,500.00 500.00
EQUIPMENT 18,351.00 13,000.00 12,700.00 10,000.00
GROUNDS 9,421.00 9,000.00 5,500.00 8,000.00
HANGARS 7,014.00 10,000.00 8,500.00 8,000.00
AIRPORT UTILITIES
TELEPHONE 9,319.00 9,000.00 7,500.00 9,000.00
ELECTRIC 19,179.00 19,000.00 17,020.00 16,000.00
WATER 1,391.00 3,000.00 1,500.00 3,500.00
GAS 6,568.00 7,000.00 5,000.00 6,500.00
i
5
OTHER AIRPORT EXPENSES
INSURANCE 24,419.00 27,000.00 25,500.00 26,000.00
MISCELLANEOIJS AIR SHOW 3,468.00 4,000.00 2,000.00 4,000.00
EQUIPMENT RENTAL 1,278.00 1,000.00 1,400.00 1,000.00
DUES 1,910.00 1,700.00 1,500.00 1,700.00
SUBSCRIPTIONS 118.00 300.00 200.00 300.00
MISCELLANEOUS 1,257.00 1,500.00 1,500.00 1,500.00
BAD DEBT 6.00 500.00 1,000.00 500.00
POSTAGE 1,736.00 2,300.00 2,300.00 2,500.00
ADVERTISING 3,861.00 5,000.00 3,000.00 4,000.00
FUEL FOR EQUIPMENT 5,581.00 5,500.00 6,000.00 6,000.00
MEETINGS 2,439.00 2,500.00 2,000.00 3,000.00
LOCAL TRAVEL. 90.00 500.00 150.00 500.00
NON-LOCAL TRAVEL 3,295.00 4,000.00 4,100.00 6,000.00
EPA STORM WATER PERMIT 159.00 159.00 159.00 159.00
PROCESSING CHARGES 5,292.00 5,000.00 4,700.00 5,000.00
COMP. FOR DAMAGES 198.00 0.00 0.00 0.00
CAPITAL OUTLAY BUDGET - From Separate Worksheets
AIRPORT FUNDED 194,390.00 137,000.00 136,731.00 67,000.00
FAA FUNDED - AIP 07 thru 12 4,175,894.00 6,663,641.00 4,391,924.00 5,158,000.00
CAB FUNDED 225,549.00 385,945.00 236,231.00 286,556.00
CITY/COUNTY IFUNDED 970,363.00 1,401,239.00 881,761.00 550,616.00
ENERGY IMPACT FUNDED 0.00 150,000.00 220,000.00 80,000.00
6
DEBT SERVICE BUDGET
INTEREST EXPENSE 16,501.00 13,270.00 13,269.00 10,490.00
PRINCIPAL 49,374.00 49,130.00 49,131.00 51,910.00
PRINCIPAL ON EDAP LOAN 98,733.00 0.00 0.00 0.00
INTEREST ON EDAP LOAN 6,903.00 0.00 0.00 0.00
TOTAL RESOURCES APPLIED 6,210,309.00 9,282,367.00 6,385,261.00 6,719,021.00
INCREASE (DECREASE) IN 1,340,075.00 221,698.00 391,440.00 14,466.00
RESOURCES
WORKING CAPITAL
BEGINNING OF YEAR (929,863.00) 207,183.00 (43,732.00) 347,708.00
END OF YEAR (43,732.00) 428,880.00 347,708.00 362,174.00
7
GREELEY-WELD COUNTY AIRPORT AUTHORITY
CAPITAL OUTLAY BUDGETARY DETAIL
BUDGET YEAR ENDING DECEMBER 31, 2000
AIRPORT FUNDED
RADIO EQUIPMENT 1,497.00 0.00 0.00 0.00
COMPUTER EQUIPMENT 0.00 7,000.00 6,200.00 0.00
HARRIS HANGAR COSTS 0.00 0.00 15,070.00 0.00
EQUIPMENT BUILDINGS 0.00 100,000.00 84,910.00 0.00
AIRPORT VEHICLE UPGRADE 2,495.00 0.00 4,894.00 0.00
CRACK SEALING 0.00 10,000.00 8,500.00 6,000.00
LAND PURCHASE 163,857.00 0.00 0.00 0.00
MOWER ENGINE 1,504.00 0.00 0.00 0.00
ASPHALT REPAIRS 0.00 15,000.00 12,500.00 15,000.00
ROTARY MOWER 0.00 0.00 0.00 15,000.00
TERMINAL FURNITURE 21,343.00 5,000.00 4,657.00 0.00
UNICOM STATION 2,469.00 0.00 0.00 0.00
AIRCRAFT TUG 0.00 0.00 0.00 16,000.00
TOW BAR EQUIPMENT 1,225.00 0.00 0.00 0.00
ROAD IMPROVEMENTS 0.00 0.00 0.00 15,000.00
ENERGY IMPACT FUNDED
TERMINAL CONSTRUCTION 0.00 150,000.00 220,000.00 80,000.00
8
FAA FUNDED
AIP-07 116,020.00 52,130.00 52,070.00 0.00
AIP-08 1,653,924.00 88,000.00 87,696.00 0.00
AIP-09 2,405,950.00 1,923,511.00 2,052,158.00 0.00
AIP-10 0.00 4,600,000.00 2,000,000.00 658,000.00
AIP-11 0.00 0.00 200,000.00 3,000,000.00
AIP-12 0.00 1,500,000.00
CAB FUNDED
AIP-08 GRANT MATCH 91,885.00 47,057.00 0.00 0.00
AIP-09 GRANT MATCH 133,664.00 83,333.00 114,009.00 0.00
AIP-10 GRANT MATCH 0.00 255,555.00 111,111.00 36,556.00
AIP-11 GRANT MATCH 0.00 0.00 11,111.00 166,667.00
AIP-12 GRANT MATCH 0.00 0.00 0.00 83,333.00
CITY/COUNTY FUNDED
AIP-07 MATCH 12,891.00 5,792.00 5,786.00 0.00
AIP-08 MATCH 91,885.00 9,775.00 9,744.00 0.00
AIP-09-MATCH 133,664.00 130,391.00 114,009.00 0.00
AIP-10 MATCH 0.00 255,555.00 111,111.00 36,556.00
AIP-11 MATCH 0.00 0.00 11,111.00 166,667.00
AIP-12 MATCH 0.00 0.00 0.00 83,333.00
TERMINAL BUILDING PJT 731,923.00 999,726.00 605,000.00 202,260.00
ROAD IMPROVEMENT PJT 0.00 0.00 0.00 45,000.00
0.00 0.00 25,000.00 16,800.00
INFRA. MASTER PLAN
TOTAL CAPITAL OUTLAY 4,595,833.00 7,336,586.00 5,866,647.00 6,142,172.00
9
GREELEY-WELD COUNTY AIRPORT AUTHORITY
EMPLOYEE PENSION FUND - BUDGET
BUDGET YEAR ENDING DECEMBER 31, 2000
RESOURCES PROVIDED
EMPLOYER CONTRIBUTIONS 11,788.00 12,928.00 12,928.00 14,377.00
EARNINGS ON INVESTMENT 2,231.00 500.00 1,000.00 1,000.00
GAIN ON SALE OF INV. 2,131.00 0.00 0.00 0.00
RESOURCES APPLIED
DIST. TO EMPLOYEES 0.00 0.00 0.00 0.00
ADMINISTRATION FEES 125.00 0.00 0.00 0.00
INCREASE (DECREASE) IN 16,025.00 13,428.00 13,928.00 15,377.00
FUND BALANCE
FUND BALANCE
BEGINNING OF YEAR 28,504.00 33,244.00 44,529.00 58,457.00
END OF YEAR 44,529.00 46,672.00 58,457.00 73,834.00
BDGT00.cht
10
Hello