Airport Master Plan 2012 - City of Waterville

Table 1.11
WVL Revenues 2006-07
Category Budget Actual
Aviation Fuel FBO $228,000 $220,553
Hangar Rental FBO 9,000 7,230
Hangar Land Leases 2,000 2,790
Rental Income-Bus Terminal 5,100 6,123
Source: City of Waterville
As the table indicates, through FBO operations, aviation fuel sales are currently the single highest revenue
generator for the Airport.
Capital Improvement Funding History
Airports require intensive capital improvements to maintain the extensive airside and landside facilities
required for a safe and efficient airport. In recognition of these high capital costs, the Federal Aviation
Administration (FAA) provides grants through the Airport Improvement Program (AIP). Under the latest
federal Authorization, these grants can provide funding for up to ninety-five (95%) of eligible projects
with the remaining non-federal share being split by the State of Maine and the City of Waterville.
According to a recently completed study 15 , Maine DOT invests approximately $500,000 to 750,000
annually in public use airports across the State. A similar investment by the local airport sponsors
leverages an average of $19 million annually from the FAA AIP program.
15 Economic Impacts of Airports in Maine. November 2006. Maine Department of Transportation, Office of Passenger
Transportation.
The City of Waterville Maine
Baseline Conditions – Page 1-27
Airport Solutions Group, LLC & The Louis Berger Group, Inc. December 2011