Annual Report 2012 - Kansas City International Airport

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City of Kansas City, Missouri Department of AviationManagement’s Discussion and AnalysisYears Ended April 30, 2012 and 2011REQUEST FOR INFORMATIONThis financial report is designed to provide the Department’s management, investors, creditors andcustomers with a general overview of the Kansas City Airports Fund’s finances and to demonstratethe Department’s accountability for the funds it receives and expends. For additional informationabout this report, please contact the undersigned at Kansas City International Airport, P.O. Box20047, Kansas City, Missouri 64195-0047.This report is respectfully submitted by:John Green, CPAChief Financial OfficerA-16
City of Kansas City, Missouri Department of AviationStatements of Net AssetsApril 30, 2012 and 2011Assets2012 2011Current assetsUnrestricted assetsCash and cash equivalents $ 4,345,014 $ 3,462,960Investments 11,608,132 6,417,348Accounts receivable 2,678,382 5,438,857Allowance for doubtful accounts (597,762) (367,387)Grants receivable 3,237,444 3,444,177Due from other funds 2,365,627 1,872,339Interest receivable 267,392 277,752Prepaid insurance and other assets 473,320 523,043Inventories 789,202 874,547Total unrestricted assets 25,166,751 21,943,636Restricted assetsCash and cash equivalents 5,273,980 4,742,290Investments 15,267,665 9,619,715Accounts receivable 3,197,716 4,712,241Allowance for doubtful accounts - (64,500)Interest receivable 345,316 557,753Total restricted assets 24,084,677 19,567,499Total current assets 49,251,428 41,511,135Non-current assetsInvestmentsUnrestricted 58,004,463 56,905,148Restricted 74,969,133 83,727,886Total investments 132,973,596 140,633,034Capital assetsLand 37,862,553 37,862,553Construction in progress 9,296,498 8,108,811Buildings, infrastructure, equipment 1,325,390,117 1,282,225,4211,372,549,168 1,328,196,785Accumulated depreciation (723,150,417) (669,261,115)Total capital assets 649,398,751 658,935,670Due from other funds 6,148,331 8,429,661Bond issue costs, net of accumulated amortization 2,286,550 2,618,958Total non-current assets 790,807,228 810,617,323Total assets $ 840,058,656 $ 852,128,458See Notes to Financial Statements A-17
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Annual Report 2012 - Kansas City International Airport

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