Sample <strong>Airport</strong> Financial Statement ABC <strong>Airport</strong> Financials Fiscal Year 2006 Fiscal Year 2005 Fiscal Year 2004 Fiscal Year 2003 REVENUES Jet Fuel/Prist Sales 508,511.12 233,542.57 189,090.94 213,769.05 Avgas Fuel Sales 207,081.67 190,936.88 198,196.01 194,181.68 De-icing 2,726.00 0.00 0.00 0.00 Oil Sales 619.50 751.00 772.44 635.06 Landing Fees 7,940.00 4,360.00 5,670.00 3,952.75 Line Service Labor Sales 2,600.00 1,995.00 3,060.00 2,013.39 Aircraft Tiedown/Parking 89,091.25 73,605.37 80,884.25 84,416.89 Concession 0.00 0.00 0.00 0.00 Terminal Utility Reimbursement 3,666.81 4,388.03 4,572.05 7,424.56 Rent-Building/Land 145,014.89 76,108.25 67,988.41 89,746.28 Miscellaneous Sales 0.00 0.00 0.00 0.00 Miscellaneous 6,413.04 2,858.32 3,493.34 1,045.49 Finance/Service Charges 0.00 0.00 0.00 Total Revenues 973,664.28 588,545.42 544,010.56 597,185.15 COST OF SALES Avgas 157,968.31 123,947.98 134,870.00 122,310.96 Jet/Prist 337,378.89 135,617.27 93,149.11 101,969.21 Inventory Increase/Decrease 1,707.61 1,005.99 1,423.48 1,340.37 De-icing 5,696.45 0.00 0.00 0.00 Misc. Cost <strong>of</strong> Sales 3,411.90 1,359.48 2,722.44 905.54 Oil Cost <strong>of</strong> Sales 268.01 502.02 544.65 366.73 PRIST COST OF SALES 0.00 0.00 0.00 350.00 Finance/Service Charges 20,217.62 11,385.12 0.00 7,637.29 Total Cost <strong>of</strong> Sales 526,648.79 273,817.86 232,709.68 234,880.10 GROSS PROFIT 447,015.49 314,727.56 311,300.88 362,305.05 SALARIES & WAGES Wages & Compensation 174,331.86 0.00 0.00 0.00 Wages/Line 13,197.20 161,731.34 160,467.08 132,296.65 Overtime 15,451.79 11,261.18 11,530.66 18,153.26 Payroll FICA Taxes 15,182.12 12,813.90 12,484.47 11,230.56 Payroll Unemployment Taxes 4,531.51 2,143.51 3,649.77 3,706.96 Total Salaries & Wages 222,694.48 187,949.93 188,131.98 165,387.43 EXPENSES Advertising 0.00 998.07 1,776.08 1,873.77 Auto Expense/Mileage 179.90 486.65 475.79 345.73 Bank Service Charges 0.00 -5.00 0.00 0.00 Dues & Subscriptions 864.88 877.96 1,385.48 502.28 Equipment Rental 15,343.60 0.00 17,696.36 1,530.00 Fuel/Vehicle 5,847.84 6,202.41 3,430.68 2,215.43 Insurance/General 10,391.40 12,200.40 12,842.61 10,223.02 Maint. Service Contracted 826.05 1,655.90 3,966.40 1,450.00 Office Equipment 1,831.32 1,029.99 259.96 0.00 Office Expense 1,592.46 1,001.03 1,688.48 1,096.40 Outside Services 7,587.36 8,487.16 9,142.45 7,504.54 Postage Expense 0.00 79.78 52.44 48.00 Fuel Farm Interest Expense 0.00 69.74 1,292.79 2,892.78 Fuel Farm Maintenance 8,424.97 12,000.36 2,781.32 5,091.73 Refueling Vehicle Maint. Repair 0.00 0.00 446.65 -105.00 Repairs/Building 11,181.42 5,343.11 26,284.59 20,934.43 Repairs/Equipment Line Svc. 0.00 0.00 0.00 0.00 Repairs/Equipment Non-vehicle 2,161.85 2,258.32 3,849.04 157.67 Repairs/Equipment(Snow Removal) 0.00 0.00 6.32 0.00 Repairs/Other 580.00 202.40 0.00 0.00 Repairs/Runway 1,608.83 3,602.53 59.76 765.00 Repairs/Runway(NAVAIDS) 2,909.14 6,330.59 4,220.20 4,524.80 Repairs/Runway(Painting) 1,111.50 542.46 176.03 0.00 Repairs/Vehicle 3,507.12 7,099.87 7,280.68 3,339.26 Repairs/Vehicle(Snow Removal) 15,672.23 10,272.25 910.94 9,702.08 Supplies/Airfield-Landscape 7,027.01 1,438.27 1,910.32 6,251.55 Supplies/FBO Operating 15,500.53 12,952.53 10,960.07 6,680.87 Supplies/Household 0.00 0.00 0.00 0.00 Supplies/Misc. Operating 0.00 0.00 0.00 0.00 Supplies/Safety 2,227.13 4,071.19 3,929.11 2,985.19 Supplies/Snow Removal 2,176.68 660.93 1,084.98 5,921.01 Supplies/Snow Equp. Non-vehicle 0.00 0.00 0.00 0.00 Supplies/Building-Machinery 0.00 301.64 15.68 0.00 Taxes & Licenses 187.05 96.54 0.00 0.00 Telephone 8,563.02 10,157.56 9,902.80 3,348.44 Tools & Equipment 1,046.85 718.28 1,562.20 4,456.67 Training 0.00 1,999.00 577.50 0.00 Trash Removal 3,321.05 3,352.68 3,141.33 2,526.56 Travel 0.00 0.00 904.10 69.35 Travel/Meals 0.00 0.00 119.93 8.35 Truck Rental 21,300.00 21,300 20,014.38 15,400.00 Uniforms/Clothing 6,212.24 5,434.01 5,844.72 3,228.63 Utilities Central Electricity 44,878.46 27,147.63 18,161.27 19,797.79 Utilities Fuel #1 Diesel 13,937.13 10,029.53 7,487.27 6,922.87 Utilities Fuel #2 Heating 849.32 3,833.82 3,154.68 9,297.45 Utilities/Water 1,650.24 1,082.81 922.46 1,072.94 Total Expenses 220,498.58 185,312.40 189,717.85 162,059.59 Total Payroll & Expenses 443,193.06 373,262.33 377,849.83 327,447.02 TOTAL NET INCOME OPERATING 3,822.43 (58,534.77) (66,548.95) 34,858.03 CAPITAL EXPENSES Capital Expense-Other 0.00 0.00 0.00 0.00 Fuel Farm Lease Payment 0.00 5,870.26 22,467.21 20,867.22 Total Capital Expenses 0.00 5,870.26 22,467.21 20,867.22 OTHER INCOME & EXPENSES 0 0 0 0 Total Other Income & Expenses 0.00 0.00 0.00 0.00 NET INCOME 3,822.43 (64,405.03) (89,016.16) 13,990.81 The <strong>City</strong> <strong>of</strong> <strong>Waterville</strong> Maine Implementation and Financial <strong>Plan</strong> – Page 8-21 <strong>Airport</strong> Solutions Group, LLC & The Louis Berger Group, Inc. December 2011
Summary and Conclusion The total Capital Improvement Program for <strong>Waterville</strong> Robert Lafleur Municipal <strong>Airport</strong>, as discussed in this <strong>Master</strong> <strong>Plan</strong>, is approximately $47.2 million. Even with this size program, the planning process requires the <strong>City</strong> <strong>of</strong> <strong>Waterville</strong> to consistently monitor the progress <strong>of</strong> the airport in terms <strong>of</strong> total aircraft operations, total based aircraft, and overall aviation activity. Analysis <strong>of</strong> aircraft demand is critical to the exact timing and need for new airport facilities. The information obtained from continually monitoring the airport activity and demand will provide the data necessary to determine if the development schedule should be accelerated or decelerated. In addition to continually monitoring the CIP, it is recommended that in order to better compete for AIP funds, now and into the future, the airport adopt a proactive approach to airport development and funding strategies and consider the following: Focus on safety first. Strive to meet applicable FAA design standards. Preserve existing eligible infrastructure (Starting from RWY centerline and working outward). Understand that the FAA may withhold discretionary funding if entitlement funding is used on low priority projects. Consider combining entitlement funds and discretionary funds on high priority projects. Target high priority projects based on FAA criteria. Identify projects well in advance <strong>of</strong> the funding request. Complete the required planning and administrative tasks (<strong>Master</strong> <strong>Plan</strong>, ALP, Environmental Process, etc.). Maintain a commitment to good project execution (Starting and completing work promptly). Breaking up large projects into components where able – Allows projects to begin with limited funding. Review and Consider the items within the FAA ACIP Project Evaluation Checklist located in FAA Order 5100.39A. Communicate with the FAA and MeDOT regularly. The <strong>City</strong> <strong>of</strong> <strong>Waterville</strong> Maine Implementation and Financial <strong>Plan</strong> – Page 8-22 <strong>Airport</strong> Solutions Group, LLC & The Louis Berger Group, Inc. December 2011