City and County of Denver Municipal Airport System ANNUAL ...
City and County of Denver Municipal Airport System ANNUAL ...
City and County of Denver Municipal Airport System ANNUAL ...
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
<strong>City</strong> <strong>and</strong> <strong>County</strong> <strong>of</strong> <strong>Denver</strong><br />
<strong>Municipal</strong> <strong>Airport</strong> <strong>System</strong><br />
SCHEDULE OF COMPLIANCE WITH RATE MAINTENANCE COVENANT<br />
AS DEFINED IN THE 1984 AIRPORT SYSTEM GENERAL BOND ORDINANCE<br />
AIRPORT REVENUE ACCOUNT<br />
Year ended December 31, 2010<br />
Gross revenue:<br />
Facility rentals $ 253,998,352<br />
Concession income 43,397,645<br />
Parking income 123,672,753<br />
Car rental income 44,180,988<br />
L<strong>and</strong>ing fees 120,054,119<br />
Aviation fuel tax 23,680,542<br />
Other sales <strong>and</strong> charges 14,812,923<br />
Interest income 26,590,974<br />
Designated Passenger Facility Charge Revenues<br />
Miscellaneous income<br />
17,566,987<br />
929,493<br />
Operation <strong>and</strong> Gross revenues as defined in the ordinance 668,884,776<br />
Personnel services 112,229,670<br />
Contractual services 172,492,471<br />
Maintenance, supplies <strong>and</strong> materials 18,158,458<br />
Miscellaneous expense —<br />
Operation <strong>and</strong> maintenance expenses as defined in the ordinance 302,880,599<br />
Net revenue 366,004,177<br />
Other available funds 57,448,791<br />
Net revenue plus other available funds as defined in the ordinance $ 423,452,968<br />
Debt service requirements as defined in the ordinance (1) $ 235,243,879<br />
Coverage ratio ( net revenue plus other avialble funds as a percentage<br />
<strong>of</strong> debt service requirements) 180%<br />
(1) Net <strong>of</strong> irrevocably committed Passenger Facility Charges <strong>of</strong> $68,042,679 applied under Supplemental<br />
Bond Ordinance.<br />
67
Change language