Airport Master Plan 2012 - City of Waterville

8.0 Implementation and Financial Plan
8.1 Implementation
Through the evaluation of facility requirements and the analysis of future development alternatives, the
improvements needed at the airport over the next 20 years have been determined. When considered in
their entirety, these improvements are known as the Preferred Alternative. The objective of this Chapter is
to develop an implementation schedule (Capital Improvement Plan) and Financial Plan. These plans are
created by prioritizing the improvement projects, including any enabling projects, and identifying the
implications these projects will have on the financial resources of the City of Waterville. The Airport’s
Financial Plan is comprised of estimated costs of proposed projects and the anticipated funding sources
associated with each project. The goal of the Capital Improvement Plan is to ensure that projects are
prioritized such that the following objectives are met:
Forecasted capacity and demand are accommodated for;
Existing infrastructure and previous capital investments are preserved and properly maintained;
Airport safety improvements are provided and projects are designed to meet FAA design
standards, and;
Projects are in accordance with environmental policies and demonstrate environmental
stewardship.
In addition, this chapter identifies the financial posture of the Airport by examining current and historical
revenues and expenditures and also contains a high level comparison of the rates and charges of WVL to
other nearby airports of similar size and function. By understanding the current financial state of the
Airport and its means of generating revenue, this chapter also provides strategic recommendations in an
effort to enhance the Airport’s financial performance.
8.2 Capital Improvement Plan
The Capital Improvement Plan (CIP) addresses the phased scheduling of projects identified in this Master
Plan and their financial implications on the resources of the Airport and the City of Waterville. Since
WVL is publically owned and considered to be important to public transportation as part of the National
Plan of Integrated Airport Systems (NPIAS), it is eligible to receive federal grants for planning and
development.
The CIP for WVL, presented herein, includes the preferred projects identified in this Airport Master Plan,
as well as any associated enabling projects or initiatives. Within the CIP, estimated costs of each project
and potential sources of funding from the Federal Aviation Administration (Federal), the Maine
Department of Transportation (State), the City of Waterville (Local), and others, are identified. Although
the CIP includes all potential projects, there is no guarantee if, or when, projects will be undertaken,
however any proposed project seeking federal funding much be reflected on an FAA Approved Airport
Layout Plan (ALP). Notably, all development projects eligible for federal funding have been identified on
the Ultimate ALP sheet found in Chapter 6.
Since the FAA makes funding decisions based on project eligibility, justification, priority, and the
availability of funds, it is intended that the CIP be realistic, such that the projects included are essential to
airport operation, safety, and maintenance. Typically, proposed airport projects for safety or maintenance
receive first priority and are most likely to receive federal funds. All others are demand based and subject
to funding limitations. However, the FAA recommends that an Airport’s CIP also focus on funding
sources for all types of airport development, rather than only relying on the Airport Improvement
The City of Waterville Maine
Implementation and Financial Plan – Page 8-1
Airport Solutions Group, LLC & The Louis Berger Group, Inc. December 2011