The URL can be used to link to this page

Browse Search

Home My WebLink About960315.tiff . /gyp [7/lff/fy v, i D CCU Ti �f/ocuhlrvly A///PO/Il , .i ;4 4 P.O. Box 727•Greeley CO 80632 CLERK 970/35&9141 FAX970/3552643 TO THE January 23, 1996 Board of County Commissioners County of Weld P. O. Box 758 Greeley, CO 80632 Dear Commissioners: Enclosed is a copy of the Greeley-Weld County Airport Authority's approved 1996 budget for your files. Sincerely, Dennis Moss Interim Airport Manager XV }NICOM 122 ancxr n s 110 5'CY l0ll' 1IR!CI VAR • ^A S V35 „ 960315 GREELEY-WELD COUNTY AIRPORT AUTHORITY Airport Fund Budget Budget Year Ending December 31, 1996 Actual Estimated Prior Year Budget Current Year Budget 1994 1995 1995 1996 FINANCIAL RESOURCES PROVIDED Terminal Sales Revenue Aviation Gas 269,205 260,000 285,282 275,000 Jet Fuel 411,985 370,000 495,477 445,000 Auto Gas 8,911 7,000 10,009 9,000 Oil 1,634 1,600 1,600 1,600 Catering 19 0 400 200 Pilot Supplies 34,400 30,000 37,000 35,000 Volume Discounts (92,274) (85,000) (112,000) (100,000) Total Net Sales 633,880 583,600 717,768 665,800 Cost of Sales Aviation Gas 175,398 167,000 181,085 174,559 Jet Fuel 204,790 180,000 225,689 202,697 Auto Gas 5,755 4,500 7,002 6,295 Oil 1,332 1,300 1,311 1,310 Catering 16 0 350 150 Pilot Supplies 27,381 23,700 29,885 28,270 Total Cost of Sales 414,672 376,500 445,322 413,281 Gross Margin 219,208 207,100 272,446 252,519 Leases & Rentals Land Rents 59,218 56,000 58,229 58,000 T-Hangar Rents 168,550 165,000 166,278 165,000 Tie Down 585 1,000 600 600 Building 4,800 5,000 4,800 4,800 Total Leases & Rentals 233,153 227,000 229,907 228,400 1 Actual Estimated Prior Year Budget Current Year Budget Airport Fund, Cont'd 1994 1995 1995 1996 Other Operating Revenue Fuel Flow Fees 789 500 4,000 10,000 Operators Licenses 3,500 3,000 3,200 3,000 Colo. Excise Tax Distr. 15,033 14,000 15,000 15,000 Jet Fuel Sales Tax Rev. 7,245 6,500 7,800 7,000 Finance Charges 714 650 790 700 Aircraft Washer 502 500 250 500 Airshow Revenue 0 0 528 0 Oxygen 950 1,000 550 500 Rental Car Commissions 362 400 200 200 Miscellaneous Revenue 1,876 2,000 4,400 2,000 Total Other Operating Revenue 30,971 28,550 36,718 38,900 Farm Revenue Land Rental 17,280 17,280 17,280 17,280 Total Farm Revenue 17,280 17,280 17,280 17,280 Non-Operating Revenue Grants from F.A.A. 9,936 1,440,000 0 2,970,000 Local Government Approp. 1,104 172,000 13,648 348,000 Colorado (CAB) Grants 0 43,937 46,817 0 Earnings on Investments 1,583 1,500 2,095 2,000 Oil & Gas Lease Revenue 5,823 2,500 2,460 2,400 Private Contributions 140 0 0 0 Proceeds-Sale of Equip. 100 0 14,656 10,000 Principal on Note Rec. 0 0 0 0 Loan Proceeds-L.T. Debt 0 0 0 0 Total Non-Operating Rev. 18,686 1,659,937 79,676 3,332,400 TOTAL RESOURCES PROVIDED 519,298 2,139,867 636,027 3,869,499 2 Actual Estimated Prior Year Budget Current Year Budget Airport Fund, Cont'd 1994 1995 1995 1996 FINANCIAL RESOURCES APPLIED Airport Personnel Services Salaries & Wages 168,026 196,640 195,000 210,830 RCA 12,651 15,045 14,920 16,130 Health & Life Insurance 10,875 12,000 12,780 16,000 Workmen's Compensation 3,046 3,200 5,061 7,000 Unemploymnt Compensation 0 0 0 0 Retirement 7,600 9,000 9,000 10,300 Airport Contract Services Auditing 5,000 5,000 5,000 5,000 Security 773 760 820 900 Legal 1,292 3,000 5,000 4,000 Engineering 0 3,500 0 3,500 Tank Testing 2,603 3,000 15,000 3,100 Retirement Plan Administration 1,175 1,000 1,000 1,200 Other Professional Work 0 3,000 0 3,000 Airport Supplies Office Supplies 2,927 3,200 3,000 3,200 Consumable Supplies 8,239 10,700 13,500 14,000 Consumable Tools 992 1,300 500 1,000 Uniforms & Clothing 2,304 2,500 2,100 2,500 Airport Repairs & Maint. Buildings 5,618 6,000 5,000 11,000 Equipment 15,467 25,000 17,500 20,000 Grounds 11,887 22,000 20,000 22,000 Airport Utilities Telephone 8,813 9,000 8,700 9,600 Electric 13,595 15,000 15,300 16,000 Water 1,667 1,700 2,000 2,000 Gas 5,419 6,000 6,900 7,000 Other Airport Expenses Insurance 23,059 25,000 26,500 28,000 EAA Fly-In Expense 650 0 0 0 Equipment Rent 1,295 3,500 1,300 3,500 Dues 1,733 2,000 1,700 2,000 Subscriptions 250 350 200 300 Miscellaneous 357 2,500 1,450 2,500 Bad Debts 1,388 2,000 500 2,000 Postage 2,543 3,200 2,800 3,000 3 Actual Estimated Prior Year Budget Current Year Budget Airport Fund, Cont'd 1994 1995 1995 1996 Promotion & Advertising 3,926 6,000 2,400 5,000 Fuel for Equipment 3,776 6,200 6,000 6,200 Meetings 1,715 1,800 1,600 2,000 Local Travel 41 100 0 100 Non-Local Travel 3,063 3,500 3,000 3,500 EPA Stormwater Assessmnt 300 150 150 150 Airshow Expense 44,117 0 2,410 5,000 Credit Card Processing Charge 3,476 3,600 3,200 3,500 Total Airport Operating Expense 381,658 417,445 411,291 456,010 Capital Outlay Budget (from page 5) Airport Funded Property & Equip. 14,860 102,000 59,920 73,356 CAB Funded Property & Equip. 15,000 62,617 60,465 0 FAA Funded Property & Equip. 11,040 1,600,000 0 3,300,000 Private Contributions 83 0 0 0 Total Capital Outlay 40,983 1,764,617 120,385 3,373,356 Debt Service Budget Interest Expense 22,750 19,950 20,355 16,968 Principal 39,858 42,890 42,485 45,872 Advance Payments 0 18,000 0 0 Total Debt Service 62,608 80,840 62,840 62,840 TOTAL RESOURCES APPLIED 485,249 2,262,902 594,516 3,892,206 INCREASE (DECREASE) IN FINANCIAL RESOURCES 34,049 (123,035) 41,511 (22,707) WORKING CAPITAL Beginning of Year 223,755 298,661 257,804 299,315 End of Year 257,804 175,626 299,315 276,608 4 GREELEY-WELD COUNTY AIRPORT AUTHORITY Capital Outlay Budget Airport Fund Budget Year Ending December 31, 1996 Actual Estimated Prior Year Budget Current Year Budget 1994 1995 1995 1996 AIRPORT FUNDED Airport Property & Equip. Office Equip. 0 0 0 3,000 Highway Building/Insulation 0 0 0 0 Flightline Equip Storage 0 25,000 9,644 40,356 Miscellaneous Equipment 6,584 0 3,325 15,000 Restaurant Doorway Improvemnt 972 0 0 0 Asphalt Overlays/Rehab. 5,400 0 0 0 Establish Fuel Farm 0 30,000 0 0 Mounting Static Display 794 5,000 500 5,000 Aircraft De-Icing Equipment 1,110 0 0 0 Airport Vehicle Upgrade 0 12,000 37,951 0 Plow/Dump Trucks 0 30,000 8,500 0 Install Taxiway Lights 0 0 0 10,000 TOTAL AIRPORT FUNDED 14,860 102,000 59,920 73,356 CAB/CITY-COUNTY FUNDED Rehab. Apron & Taxiways 15,000 33,117 29,317 0 Maintenance Equipment 0 29,500 31,148 0 TOTAL CAB/CITY-CNTY FUNDED 15,000 62,617 60,465 0 FAA/CITY-COUNTY FUNDED Land Purch.-Airport Expansion 0 1,500,000 0 3,200,000 Update Master Plan 11,040 0 0 0 Environmental Impact Study 0 100,000 0 100,000 TOTAL FAA/CITY-CNTY FUNDED 11,040 1,600,000 0 3,300,000 PRIVATELY FUNDED Pavilion 83 0 0 0 TOTAL CAPITAL OUTLAY 40,983 1,764,617 120,385 3,373,356 5 GREELEY-WELD COUNTY AIRPORT AUTHORITY Employee Pension Fund Budget Budget Year Ending December 31, 1996 Actual Estimated Prior Year Budget Current Year Budget 1994 1995 1995 1996 RESOURCES PROVIDED Employer Contributions 7,600 9,000 9,000 10,300 Earnings on Investments 262 0 500 500 TOTAL RESOURCES PROVIDED 7,862 9,000 9,500 10,800 RESOURCES APPLIED Distributions to Employees 3,896 0 0 0 Annual Retirement Fees 60 0 50 60 TOTAL RESOURCES APPLIED 3,956 0 50 60 INCREASE (DECREASE) IN FUND BALANCE 3,906 9,000 9,450 10,740 FUND BALANCE Beginning of Year 13,900 17,604 17,806 27,256 End of Year 17,806 26,604 27,256 37,996 6 Hello