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Chapter 5
- Financial Plan -
Chapter 5 - 1 DRAFT - 9/25/07
Chapter 5 – Financial PlanI. INTRODUCTION
The analyses conducted in the previous chapters evaluated airport development needs based upon
However, the most important element of the master planning process is the application of basic
to each development item so that the feasibility of
information and tools which will help make the master
the economic feasibility of developing the proposed
airport revenue, federal and state grant programs, Passenger Facility Charges (PFC), Car Rental
is evaluated in considering the ability of the Gallatin
Landside Facility Requirements, to develop Table
of these projects will shift throughout the planning period depending upon the actual forecast activity at
cost of capital improvement and maintenance projects
Table 5-1 shows that Gallatin Field’s Airside
most pressing airside needs were accomplished in
Aviation runway standards are the only major airside
satisfy current and projected demands in the secured passenger holding gate areas, ticket lobby, and airlines operational areas, baggage claim and handling, and
constructed, will solve the long standing security
DR
AF
T -
9/2
5/0
7C
hapte
r 5 -
2
YE
AR
CO
MP
LE
TE
D2007 C
OS
TC
ost
@ 3
%N
ON
-AIP
AIP
PF
CIN
FL
AT
ION
Wate
r &
Sew
er
Exte
nsio
n2007
$257,0
00.0
0$
25
7,0
00
.00
Ditch R
elo
cation
2007
$48,0
00.0
0$
48
,00
0.0
02007
$140,0
00.0
0$
14
0,0
00
.00
2007
$650,0
00.0
0$
65
0,0
00
.00
Serv
ice R
oad
2007
$350,0
00.0
0$
35
0,0
00
.00
2007
$1,7
50,0
00.0
0$
1,7
50
,00
0.0
0Taxiw
ay C
onstr
uction
Taxiw
ay C
onstr
uction
Taxiw
ay C
onstr
uction
2007
$300,0
00.0
0$
30
0,0
00
.00
2007
$150,0
00.0
0$
15
0,0
00
.00
2007
$332,0
00.0
0$
33
2,0
00
.00
2007
$400,0
00.0
0$
40
0,0
00
.00
Ters
iato
r2007
$30,0
00.0
0$
30
,00
0.0
0S
UB
-TO
TA
L 2
007
$4,4
07,0
00.0
0$
44
5,0
00
.00
$3
,23
0,0
00
.00
$7
32
,00
0.0
0
2008
$1,5
10,0
00.0
0$
1,5
10
,00
0.0
02008
$750,0
00.0
0$
75
0,0
00
.00
2008
$550,0
00.0
0$
55
0,0
00
.00
2008
$675,0
00.0
0$
67
5,0
00
.00
SU
B-T
OTA
L 2
008
$3,4
85,0
00.0
0$
1,5
10
,00
0.0
0$
0.0
0$
1,9
75
,00
0.0
0
2009
$20,0
00,0
00.0
0$20,6
00,0
00.0
0$
2,4
70
,00
0.0
0$
8,1
30
,00
0.0
0$
10
,00
0,0
00
.00
2009
$2,4
17,7
80.0
0$2,4
90,3
13.4
0$
2,4
90
,31
3.4
0W
ate
r &
Sew
er
Exte
nsio
n2009
$150,0
00.0
0$154,5
00.0
0$
15
4,5
00
.00
2009
$500,0
00.0
0$500,0
00.0
0$
50
0,0
00
.00
Taxiw
ay C
onstr
uction
Taxiw
ay C
onstr
uction
Taxiw
ay C
onstr
uction
2009
$220,0
00.0
0$226,6
00.0
0$
22
6,6
00
.00
SU
B-T
OTA
L 2
009
$23,2
87,7
80.0
0$23,9
71,4
13.4
0$
3,1
24
,50
0.0
0$
10
,84
6,9
13
.40
$1
0,0
00
,00
0.0
0
Term
inal C
onstr
uction
2010
$16,2
50,0
00.0
0$17,2
39,6
25.0
0$
5,0
00
,00
0.0
0$
12
,23
9,6
25
.00
2010
$1,3
50,0
00.0
0$1,4
32,2
15.0
0$
1,4
32
,21
5.0
02010
$2,4
00,0
00.0
0$2,5
46,1
60.0
0$
2,5
46
,16
0.0
02010
$431,0
00.0
0$457,2
47.9
0$
45
7,2
47
.90
SU
B-T
OTA
L 2
010
$20,4
31,0
00.0
0$21,6
75,2
47.9
0$
2,5
46
,16
0.0
0$
6,8
89
,46
2.9
0$
12
,23
9,6
25
.00
2011
$1,0
48,3
21.0
0$1,2
51,7
50.1
0$
1,2
51
,75
0.1
0W
ate
r &
Sew
er
Exte
nsio
n2011
$150,0
00.0
0$163,9
09.0
5$
16
3,9
09
.05
Taxiw
ay C
onstr
uction
Taxiw
ay C
onstr
uction
Taxiw
ay C
onstr
uction
2011
$220,0
00.0
0$240,3
99.9
4$
24
0,3
99
.94
SU
B-T
OTA
L 2
011
$1,4
18,3
21.0
0$1,6
56,0
59.0
9$
16
3,9
09
.05
$1
,49
2,1
50
.04
$0
.00
Exte
nd R
unw
ay 3
-21
Exte
nd R
unw
ay 3
-21
Exte
nd R
unw
ay 3
-21
2012
$4,9
60,8
62.0
0$5,5
83,4
93.8
9$
5,5
83
,49
3.8
92012
$4,5
90,0
00.0
0$5,1
66,0
85.4
4$
5,1
66
,08
5.4
4S
UB
-TO
TA
L 2
012
$9,5
50,8
62.0
0$10,7
49,5
79.3
2$
0.0
0$
5,5
83
,49
3.8
9$
5,1
66
,08
5.4
4
Tab
le 5
-1 G
allati
n F
ield
Air
po
rt 2
0-Y
ear
Cap
ital Im
pro
vem
en
t P
lan
(C
IP)
DR
AF
T -
9/2
5/0
7
YE
AR
CO
MP
LE
TE
D2007 C
OS
TC
ost
@ 3
%C
ost
@ 3
%N
ON
-AIP
AIP
PF
CIN
FL
AT
ION
Taxiw
ay C
onstr
uction
Taxiw
ay C
onstr
uction
Taxiw
ay C
onstr
uction
2013
$220,0
00.0
0$255,0
40.3
0$
25
5,0
40
.30
Wate
r &
Sew
er
Exte
nsio
n2013
$150,0
00.0
0$173,8
91.1
1$
17
3,8
91
.11
Relo
cate
Car
Condos
2013
$500,0
00.0
0$579,6
37.0
4$
57
9,6
37
.04
2013
$4,5
90,0
00.0
0$5,3
21,0
68.0
0$
5,3
21
,06
8.0
0S
UB
-TO
TA
L 2
013
$5,4
60,0
00.0
0$6,3
29,6
36.4
5$
6,0
74
,59
6.1
5$
25
5,0
40
.30
$0
.00
2014
$707,6
49.0
0$773,2
67.1
7$
77
3,2
67
.17
2014
$487,3
32.0
0$581,8
99.8
9$
58
1,8
99
.89
2014
$1,0
76,0
96.0
0$1,2
84,9
14.9
0$
1,2
84
,91
4.9
02014
$220,0
00.0
0$262,6
91.5
1S
UB
-TO
TA
L 2
014
$2,4
91,0
77.0
0$2,9
02,7
73.4
7$
0.0
0$
2,6
40
,08
1.9
6$
0.0
0
Taxiw
ay C
onstr
uction
Taxiw
ay C
onstr
uction
Taxiw
ay C
onstr
uction
2015
$220,0
00.0
0$270,5
72.2
5$
27
0,5
72
.25
2015
$500,0
00.0
0$614,9
36.9
3$
61
4,9
36
.93
2015
$3,3
40,5
10.0
0$4,1
08,4
05.9
5$
4,1
08
,40
5.9
5W
ate
r &
Sew
er
Exte
nsio
n2015
$150,0
00.0
0$184,4
81.0
8$
15
0,0
00
.00
SU
B-T
OTA
L 2
015
$4,2
10,5
10.0
0$5,1
78,3
96.2
1$
15
0,0
00
.00
$4
,99
3,9
15
.13
$0
.00
Exte
nd R
unw
ay 1
2-3
0 1
500l.f. inclu
des T
axiw
ay
Exte
nd R
unw
ay 1
2-3
0 1
500l.f. inclu
des T
axiw
ay
Exte
nd R
unw
ay 1
2-3
0 1
500l.f. inclu
des T
axiw
ay
Exte
nd R
unw
ay 1
2-3
0 1
500l.f. inclu
des T
axiw
ay
Exte
nd R
unw
ay 1
2-3
0 1
500l.f. inclu
des T
axiw
ay
2016
$4,3
86,8
64.0
0$5,5
57,1
48.0
7$
5,5
57
,14
8.0
72016
$2,0
00,0
00.0
0$2,5
33,5
40.1
6$
2,5
33
,54
0.1
6C
ar
Wash F
acili
tyC
ar
Wash F
acili
tyC
ar
Wash F
acili
ty2016
$2,0
00,0
00.0
0$2,5
33,5
40.1
6$
2,5
33
,54
0.1
6S
UB
-TO
TA
L 2
016
$8,3
86,8
64.0
0$10,6
24,2
28.3
9$
2,5
33
,54
0.1
6$
8,0
90
,68
8.2
3$
0.0
0
2017
$400,0
00.0
0$537,5
66.5
5$
53
7,5
66
.55
2017
$1,5
06,0
00.0
0$2,0
23,9
38.0
7$
2,0
23
,93
8.0
7R
ehab. R
unw
ay 1
2-3
0R
ehab. R
unw
ay 1
2-3
0R
ehab. R
unw
ay 1
2-3
02017
$3,2
75,2
50.0
0$4,4
01,6
62.1
2$
4,4
01
,66
2.1
2Taxiw
ay C
onstr
uction
Taxiw
ay C
onstr
uction
Taxiw
ay C
onstr
uction
2017
$220,0
00.0
0$295,6
61.6
0$
29
5,6
61
.60
Wate
r &
Sew
er
Exte
nsio
n2017
$150,0
00.0
0$201,5
87.4
6$
20
1,5
87
.46
SU
B-T
OTA
L 2
017
$5,5
51,2
50.0
0$7,4
60,4
15.8
0$
2,7
63
,09
2.0
8$
4,6
97
,32
3.7
2$
0.0
0
2018
$148,3
95.0
0$205,4
13.3
9$
20
5,4
13
.39
2018
$892,9
64.0
0$1,2
36,0
71.0
1$
1,2
36
,07
1.0
12018
$787,2
85.0
0$1,0
89,7
86.5
6$
1,0
89
,78
6.5
62018
$996,1
10.0
0$1,3
78,8
49.2
0$
1,3
78
,84
9.2
0S
UB
-TO
TA
L 2
018
$2,8
24,7
54.0
0$3,9
10,1
20.1
6$
1,3
78
,84
9.2
0$
2,5
31
,27
0.9
6$
0.0
0
Runw
ay 1
2 E
xit T
axiw
ay
Runw
ay 1
2 E
xit T
axiw
ay
Runw
ay 1
2 E
xit T
axiw
ay
Runw
ay 1
2 E
xit T
axiw
ay
2019
$536,5
49.0
0$764,9
90.5
8$
76
4,9
90
.58
2019
$1,5
95,0
00.0
0$2,2
74,0
88.6
1$
2,2
74
,08
8.6
1W
ate
r &
Sew
er
Exte
nsio
n2019
$150,0
00.0
0$213,8
64.1
3$
21
3,8
64
.13
Taxiw
ay C
onstr
uction
Taxiw
ay C
onstr
uction
Taxiw
ay C
onstr
uction
2019
$220,0
00.0
0$313,6
67.4
0$
31
3,6
67
.40
2019
$973,0
80.0
0$1,3
87,3
79.4
0$
1,3
87
,37
9.4
0S
UB
-TO
TA
L 2
019
$3,4
74,6
29.0
0$4,9
53,9
90.1
2$
21
3,8
64
.13
$4
,74
0,1
25
.99
$0
.00
Chapte
r 5 -
3
Tab
le 5
-1 G
allati
n F
ield
Air
po
rt 2
0-Y
ear
Cap
ital Im
pro
vem
en
t P
lan
(C
IP)
(Co
nti
nu
ed
)
DR
AF
T -
9/2
5/0
7
YE
AR
CO
MP
LE
TE
D2007 C
OS
TC
ost
@ 3
%C
ost
@ 3
%N
ON
-AIP
AIP
PF
CIN
FL
AT
ION
2020
$1,0
76,0
96.0
0$1,5
80,2
83.2
5$
1,5
80
,28
3.2
5R
ehab. E
ast R
am
p &
Hold
Bay
Rehab. E
ast R
am
p &
Hold
Bay
Rehab. E
ast R
am
p &
Hold
Bay
Rehab. E
ast R
am
p &
Hold
Bay
2020
$878,9
30.0
0$1,2
90,7
38.3
4$
1,2
90
,73
8.3
42020
$1,9
20,4
00.0
0$2,8
20,1
72.1
4$
2,8
20
,17
2.1
4S
UB
-TO
TA
L 2
020
$3,8
75,4
26.0
0$5,6
91,1
93.7
3$
0.0
0$
5,6
91
,19
3.7
3$
0.0
0
Taxiw
ay C
onstr
uction
Taxiw
ay C
onstr
uction
Taxiw
ay C
onstr
uction
2021
$220,0
00.0
0$332,7
69.7
4$
33
2,7
69
.74
Wate
r &
Sew
er
Exte
nsio
n2021
$150,0
00.0
0$226,8
88.4
6$
22
6,8
88
.46
2021
$10,0
00,0
00.0
0$15,1
25,8
97.2
5$
15
,12
5,8
97
.25
SU
B-T
OTA
L 2
021
$10,3
70,0
00.0
0$15,6
85,5
55.4
5$
22
6,8
88
.46
$3
32
,76
9.7
4$
15
,12
5,8
97
.25
2022
$1,3
50,0
00.0
0$2,1
03,2
56.0
1$
2,1
03
,25
6.0
1S
UB
-TO
TA
L 2
022
$1,3
50,0
00.0
0$2,1
03,2
56.0
1$
0.0
0$
2,1
03
,25
6.0
1$
0.0
0
Taxiw
ay C
onstr
uction
Taxiw
ay C
onstr
uction
Taxiw
ay C
onstr
uction
2023
$220,0
00.0
0$353,0
35.4
2$
35
3,0
35
.42
Wate
r &
Sew
er
Exte
nsio
n2023
$150,0
00.0
0$240,7
05.9
7$
24
0,7
05
.97
SU
B-T
OTA
L 2
023
$370,0
00.0
0$593,7
41.3
8$
24
0,7
05
.97
$3
53
,03
5.4
2$
0.0
0
2024
$10,9
50,0
00.0
0$18,0
98,6
81.5
7$
10
,09
8,6
81
.57
$8
,00
0,0
00
.00
SU
B-T
OTA
L 2
024
$10,9
50,0
00.0
0$18,0
98,6
81.5
7$
10
,09
8,6
81
.57
$0
.00
$8
,00
0,0
00
.00
2025
$1,3
50,0
00.0
0$2,2
98,2
84.6
3$
2,2
98
,28
4.6
3Taxiw
ay C
onstr
uction
Taxiw
ay C
onstr
uction
Taxiw
ay C
onstr
uction
2025
$220,0
00.0
0$374,5
35.2
7$
37
4,5
35
.27
Wate
r &
Sew
er
Exte
nsio
n2025
$150,0
00.0
0$255,3
64.9
6$
25
5,3
64
.96
SU
B-T
OTA
L 2
025
$1,7
20,0
00.0
0$2,9
28,1
84.8
7$
0.0
0$
2,9
28
,18
4.8
7$
0.0
0
2026
$600,0
00.0
0$1,0
52,1
03.6
3$
1,0
52
,10
3.6
32026
$550,0
00.0
0$964,4
28.3
3$
96
4,4
28
.33
2026
$675,0
00.0
0$1,1
83,6
16.5
9$
1,1
83
,61
6.5
9S
UB
-TO
TA
L 2
026
$1,8
25,0
00.0
0$3,2
00,1
48.5
5$
0.0
0$
3,2
00
,14
8.5
5$
0.0
020 Y
EA
R T
OTA
LS
FO
R E
AC
H C
OL
UM
N$125,4
39,4
73.0
0$147,7
12,6
21.8
8$
31
,46
9,7
86
.77
$7
0,5
99
,05
4.8
4$
53
,23
8,6
07
.69
PO
ST
PL
AN
NIN
G P
ER
IOD
Aft
er
2027
$3,1
49,4
03.0
0$5,6
88,1
72.1
4$1,6
23,3
01.0
0$2,9
31,8
62.1
7$1,0
57,7
74.0
0$1,9
10,4
57.5
1$390,8
66.0
0$705,9
47.4
7$3,9
65,0
00.0
0$7,1
61,2
31.0
5$5,8
43,9
07.0
0$10,5
54,7
46.0
9$527,9
70.0
0$953,5
72.5
5$610,3
31.0
0$1,1
02,3
25.6
8$3,6
79,2
99.0
0$6,6
45,2
23.2
6S
UB
-TO
TA
L P
OS
T P
LA
NN
ING
PE
RIO
D$20,8
47,8
51.0
0$37,6
53,5
37.9
1
Chapte
r 5 -
4
Tab
le 5
-1 G
allati
n F
ield
Air
po
rt 2
0-Y
ear
Cap
ital Im
pro
vem
en
t P
lan
(C
IP)
(Co
nti
nu
ed
)
Chapter 5 - 5 DRAFT - 9/25/07
terminal improvements by stages with construction of a
of funding alternatives including the PFC authorized
use of FAA grant programs and airport user fees and
advantage when selling bonds or borrowing money,
of the program becomes very large and ambitious, a revenue bond program can be developed without the
revenue from airport users and lessees to pay airport operation, maintenance, and debt retirement costs
result of the Authority being able to develop a large
fund is primarily used to match the local share of FAA projects and to pay for non-federally funded capital
project at Gallatin Field to receive discretionary federal assistance was the rehabilitation of Runway
and Runway Rehabilitation Projects, it is assumed that federal discretionary funds will not be available
enplanements increase and may be accumulated for three years before the Airport Authority loses use of
II. AIRPORT FUNDING ALTERNATIVES
The feasibility of funding the proposed improvements
sources of revenue available for the development of Gallatin Field are:
- Revenue Bonds
- General Obligation Bonds- Federal Grants - State Grants - Airport User Fees- Passenger Facility Charge (PFC)- Rental Car Facility Charge (CFC)
Airport Authorities ActAirport Authorities Act
The Gallatin Airport Authority was created by Gallatin
appointed by the Board of County Commissioners of
The Authority has the power under Title 1, Chapter
authority, to own and operate the Airport, acquire real and personal property in connection therewith, establish rates, charges, and rentals for the use of the Airport, employ persons to operate and maintain the Airport, undertake improvements to the Airport and
the time the Authority was created, the County agreed
property in the County for airport purposes and pay
solely from the operation of the Airport, federal and
that the collection and payment of the two mill airport
Chapter 5 - 6 DRAFT - 9/25/07
Gallatin County Airport Mill LevyGallatin County Airport Mill Levy
has the power to certify annually to the governing
of operating the airport; to plan, establish, acquire, develop, construct, purchase, enlarge, improve,
governmental entity that is authorized to impose
a governmental entity may impose is established by calculating the number of mills required to generate
governmental unit in the prior year based on the
A governmental entity may levy mills for the support
has not imposed a levy for the airport or the airport
airport or airport authority has not been appropriated operating funds by a county or municipality during
airport authority may certify annually to the governing
municipality participating in the creation of the airport
shallof law authorizing cities and other political subdivisions
have been established by the municipalities in the
must be deposited in a special account or accounts in which other revenue of the authority is deposited and
by resolution covenant that the total amount of the
Funding OptionsFunding Options
Revenue Bonds
to sell bonds payable out of any revenues to the authority, including revenues derived from: airport
of revenue bonds by the airport authority does not require an election, but is subject to the limitation of the airport authority that annual pledged revenues
revenues are available to pay the principal and
requires approval of a majority of the voters voting on
then the airport authority would be limited to bonding
(1) An authority may
DRAFT - 9/25/07
borrow money for any of its corporate purposes and issue its bonds for those purposes, including refunding bonds, in the form and upon the terms that it may determine, payable out of any revenue of the authority, including revenue derived from:
(a) an airport or air navigation facility or facilities;
1 or other law for airport purposes;
(c) grants or contributions from the federal government; or
authority, without an election and without any limitation
any time if the total amount of principal and interest to become due in any year on the bonds, and on any then-outstanding bonds for which revenue from the same
revenue to be received in that year as estimated in the
authority shall take all action necessary and possible to impose, maintain, and collect rates, charges,
the revenue from the pledged source in the year at least equal to the amount of principal and interest due
sale and may bear interest as provided in
bonds issued pursuant to this chapter by an authority may be payable as to principal and interest solely from revenue of the authority and must state on their face the applicable limitations or restrictions regarding the source from which the principal and interest are
pursuant to the provisions of this chapter are declared to be issued for an essential public and governmental purpose by a political subdivision within the meaning of 1
(5) For the security of bonds, the authority or municipality may by resolution make and enter into any
The sums required from time to time to pay principal and interest and to create and maintain a reserve for the bonds may be paid from any revenue referred to in this chapter, prior to the payment of current costs of
(6) Subject to the conditions stated in this subsection, the governing body of any municipality
respect to bonds issued pursuant to this chapter by the municipality or by an authority in which the municipality is included, may by resolution covenant that in the event that at any time all revenue, including
shall, subject to
to occur within 1 year for the payment of principal and interest due on the bonds, it shall, subject to
that more than one municipality having a population
bonds pursuant to this chapter, the municipalities
revenue appropriated for the bonds in a manner that
must state the principal amount and purpose of the bonds and the substance of the covenant respecting
the question of its approval has been submitted to
election called for that purpose by the governing body of the municipality and a majority of the electors voting
The special election must be held in conjunction with
as provided for municipal general obligation bonds in
cities and towns and as provided for county general
voting on the issue vote against approval of the
Chapter 5 - 8 DRAFT - 9/25/07
resolution, the municipality may not make the covenant
to this section, but the municipality or authority may issue bonds under this chapter payable solely from
General Obligation BondsGeneral Obligation Bonds
which general obligation bonds of a county may be issued) provides for general obligation bond issues for counties to acquire land for sites and grounds for public buildings and for constructing, erecting, or acquiring
the authority to construct a project and repay the cost
obligation bonds are secured by the full faith, credit, and
from airport operations to cover a revenue bond, the public willingness to approve the issuance of general
state support, and federal assistance, it is probable
developments like terminal building development and at the same time address some of the other capital improvements proposed for acquisition or construction
Operation and Maintenance (O & M) costs and coverage
is tied directly with the community’s understanding of
indebtedness limitation for general obligation bonds
the interim production or new production of natural
Gallatin County is not restrained by statutory debt
incur indebtedness or liability for any single purpose to
of a majority of the electors of the County voting at an
Federal Grants
Federal Aviation Administration, provides a portion
government will grant up to 95 percent of the costs on
or more passengers are considered primary airports
the entitlements given to an individual airport may be
priority airside safety and security projects if there
Therefore, for the purpose of this study, it is assumed that
State Grants
these grants and loans are awarded to small general
commercial service airports like Gallatin Field for
Chapter 5 - 9 DRAFT - 9/25/07
Airport User FeesAirport User Fees
Airport revenue is also generated by users of the
hangar ground leases, terminal rent, rental car concession fees, restaurant rent, FAA Facilities rent, and parking income are the major sources of user
fees and revenues are established in order to reduce
Passenger Facility Charges (PFC)Passenger Facility Charges (PFC)
impose a Passenger Facility Charge on enplaning
The PFC law sets the general structure under which public agencies that own or operate airports may
Airport operators seeking to impose a PFC must apply to the Secretary of Transportation for PFC authority after offering air carriers that use the airport an opportunity for consultation on the projects the
of notice and consultation requirements designed to elicit the participation of affected airlines, other airport users, and other affected parties at various stages of
governs an airport’s application for authority to impose
effect of law, specify procedures for the way in which (1) an airport operator applies for authority to impose
keeping and audit procedures would work, (5) PFC authority could end, and (6) how collection of a PFC
The law designates the airport operator that controls a commercial service airport as initiator of the PFC
improvement plan and decides how various parts of the
projects or a multi-project program, it applies to FAA
airport operator must notify the air carriers serving the airport that it is planning to apply for PFC authority,
summarize any airline comments contained in a
the application in the Federal Register and receives Federal RegisterFederal Register
comments from other airport users and interested
approved, the airlines are directed to begin collecting
The PFC level approved by FAA normally stays in operation until the PFC revenue collected plus interest
Throughout the collection and project completion process, the airport operator must send written
to decrease the level of PFC collected from each passenger, decrease the total PFC revenue collected,
scale changes – increasing the per-passenger charge, increasing total PFC revenue by more than 15 percent, making material changes in the scope of a project, or
– would require that the airport operator again notify
ability to terminate an airport operator’s PFC authority if it determines that the airport operator violated certain rules regarding collection, use of PFC revenues, or
DRAFT - 9/25/07
Car Rental Customer Facility ChargeCar Rental Customer Facility Charge
The operation of an airport as a public facility attracting airline passengers who use car rental facilities imposes
rental facilities in and adjacent to the terminal building,
established a Car rental Facility Charge (CFC) imposed by a rental car company upon a car rental customer arriving at the airport and renting a vehicle from an on-airport or off-airport car rental company
The CFCs are typically used to pay or reimburse the Airport for the costs associated with the design, planning, and construction of facilities or improvements
pledged to the punctual payment of debt service on obligations issued by or on behalf of the airport for the cost of the rental car portion of a parking garage
CFCs are typically collected by the rental car company
SummarySummary
There are many options available to the Authority to provide the necessary funding for the operation and maintenance of Gallatin Field, as well as the construction of both Federally participating and non-
Given the current economic conditions and limitations
following sections do not propose the use of general
Airport Revenues or a combination of Airport Revenues, CFC, and PFC income, various combinations will be
improvement projects will be based on:
Airport User RevenuesFAA GrantsState GrantsPassenger Facility Charges (PFC)
Car Rental Facility Charge (CFC)
III. HISTORICAL AIRPORT REVENUES AND EXPENSES
Operating Agreement at Gallatin Field and are used to determine whether airport costs are being recovered
sensitive to cost allocations, and, generally demand allocation of costs to agreed upon cost centers when negotiating operating agreements and committing to
year.
net cash provided by operating activities with the cash
arrive at the net increase or decrease to the Authority’s
Chapter 5 - 11 DRAFT - 9/25/07
2002 2004 2005 2006 2007OPERATING REVENUESLanding FeesLanding FeesGeneral Aviation & Terminal Building General Aviation & Terminal Building RentsRentsCommissionsParking Lot RevenueParking Lot RevenueRestricted for SecurityRestricted for SecurityRestricted for Pavement PreservationOther Revenue
OPERATING EXPENSESAccounting and AuditingAccounting and Auditing 5,651Additional SecurityAdditional Security 5,989AdvertisingAdvertising
Amortization
Contract Services
9,191
Miscellaneous16,856
Professional ServicesRepairs and MaintenanceRepairs and Maintenance
TelephoneTelephoneTravel and TrainingTravel and Training 6,981 5,986UniformsUtilities
OPERATING INCOME 565,159
NONOPERATING REVENUES (EXPENSES)NONOPERATING REVENUES (EXPENSES)NONOPERATING REVENUES (EXPENSES)
Loss on Asset Abandonment
115,651
NET CASH PROVIDED BY OPERATING NET CASH PROVIDED BY OPERATING ACTIVITIESACTIVITIESACTIVITIES
DRAFT - 9/25/07
CASH FLOWS FROM OPERATING ACTIVITIES
Operating Cash Receipts from Customers
Cash Payments to Suppliers for Goods And Services
Services
Activities
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
CASH FLOWS FROM CAPITAL & RELATED FINANCING ACTIVITIES
Payments for Property, Plant, and
Proceeds from Sale of Land
Passenger Facility Charges
Contributed Capital from City of BelgradeBelgradeChanges in Financing Assets and Liabilities
Receivable
Project Liability
Payable
CASH FLOWS FROM INVESTING ACTIVITIES
Receivable
NET INCREASE IN CASH
CASH AND CASH EQUIVALENTS AT END OF YEAR
DRAFT - 9/25/07
preliminary cost estimate for the building, including design, contingencies, new passenger boarding
project of this size could not be completed without a
issue was not viable and that the construction of the
scalable development was completed to reduce the
alternative relocates the airline ticket counters and
TSA screening is relocated to the new addition on
for additional baggage delivery systems and the construction of a new common use baggage makeup
Table 5-1 includes the funding of Scheme B – Option 1
Charges (PFC), Car Rental Facility Charges (CFC), a
PFC funds in eighteen years, and local dollars to fund the operation, maintenance and capital improvement
in conjunction with the rental car companies establish
a CFC to fund a parking garage and car wash facility
return on investment and the bonds are anticipated to
to relocate ticket counters and security screening to
reserve would continue to potentially grow to almost
Ch
ap
ter
5-
14
DR
AF
T -
9/2
5/0
7
Ch
ap
ter
5-
15
DR
AF
T -
9/2
5/0
7
DR
AF
T -
9/2
5/0
7C
hapte
r 5 -
16
2003
2004
2005
2006
2007
2008
2009
2010
INC
OM
E
To
tal In
co
me
$3,5
20,5
04.5
9$3,8
60,9
09.4
9$5,2
16,2
81.0
6$5,3
24,3
51.0
8$4,2
77,3
54.5
5$4,6
00,0
00.0
0$4,8
30,0
00.0
0$5,0
71,5
00.0
0
EX
PE
NS
ES
To
tal E
xp
en
ses
$1,8
56,9
31.2
4$2,0
99,6
56.4
0$2,3
27,8
96.2
4$2,4
19,3
69.9
7$2,7
12,6
78.7
1$2,9
00,0
00.0
0$3,1
30,0
00.0
0$3,3
71,5
00.0
0
OP
ER
AT
ING
SU
RP
LU
S$1,6
63,5
73.3
5$1,7
61,2
53.0
9$2,8
88,3
84.8
2$2,9
04,9
81.1
1$1,5
64,6
75.8
4$1,7
00,0
00.0
0$1,7
00,0
00.0
0$1,7
00,0
00.0
0
OT
HE
R IN
CO
ME
$4,2
54,4
18.0
0$3,4
45,9
82.0
0$3,3
51,1
34.0
0$3,4
07,5
74.0
0$3,7
44,0
00.0
0$2,6
00,0
00.0
0$2,7
10,0
00.0
0$2,8
20,0
00.0
0
$2,5
00,0
00.0
0
$643,4
32.0
0$700,2
61.0
0$774,2
10.0
0$764,9
71.0
0$777,2
00.0
0$870,0
00.0
0$1,5
52,0
00.0
0$1,6
27,6
60.0
0
$25,0
00,0
00.0
0
CF
C Incom
e$187,5
00.0
0$200,0
00.0
0$209,7
50.0
0
Ca
r C
ondo Incom
e
$10,5
00.0
0$10,5
00.0
0$10,5
00.0
0$10,5
00.0
0$10,5
00.0
0$10,5
00.0
0$10,5
00.0
0$10,5
00.0
0
Inte
rest In
com
e$157,1
73.0
0$107,6
39.0
0$213,8
25.0
0$482,2
97.0
0$315,0
00.0
0$500,0
00.0
0$769,1
50.0
0$1,2
92,6
61.8
3
To
tal O
ther
Inco
me
$5,0
65,5
23.0
0$4,2
64,3
82.0
0$4,3
49,6
69.0
0$4,6
65,3
42.0
0$4,8
46,7
01.0
0$4,1
68,0
00.0
0$32,7
41,6
50.0
0$5,9
60,5
71.8
3
CA
PIT
AL
EX
PE
ND
ITU
RE
S
$1,0
50,0
00.0
0
$2,0
92,0
00.0
0
$732,0
00.0
0$1,9
75,0
00.0
0$10,0
00,0
00.0
0$12,2
39,6
25.0
0
$3,2
30,0
00.0
0$0.0
0$10,8
46,9
13.4
0$6,8
89,4
62.9
0
$445,0
00.0
0$1,5
10,0
00.0
0$3,1
24,5
00.0
0$2,5
46,1
60.0
0
To
tal C
ap
ital E
xp
en
dit
ure
s$0.0
0$0.0
0$0.0
0$0.0
0$5,4
57,0
00.0
0$3,4
85,0
00.0
0$23,9
71,4
13.4
0$23,7
67,2
47.9
0
To
tal In
co
me (
Op
era
tin
g In
co
me +
To
tal In
co
me (
Op
era
tin
g In
co
me +
O
ther
Inco
me)
Oth
er
Inco
me)
$8,5
86,0
27.5
9$8,1
25,2
91.4
9$9,5
65,9
50.0
6$9,9
89,6
93.0
8$9,1
24,0
55.5
5$8,7
68,0
00.0
0$37,5
71,6
50.0
0$11
,032,0
71.8
3
To
tal E
xp
en
dit
ure
s (
Op
era
tin
g E
xp
. +
To
tal E
xp
en
dit
ure
s (
Op
era
tin
g E
xp
. +
O
ther
Inco
me)
Oth
er
Inco
me)
Oth
er
Inco
me)
Oth
er
Inco
me)
Cap
ital E
xp
.)C
ap
ital E
xp
.)$1,8
56,9
31.2
4$2,0
99,6
56.4
0$2,3
27,8
96.2
4$2,4
19,3
69.9
7$8,1
69,6
78.7
1$6,3
85,0
00.0
0$27,1
01,4
13.4
0$27,1
38,7
47.9
0
Co
ntr
ibu
tio
ns t
o(f
rom
) C
on
trib
uti
on
s t
o(f
rom
) C
ap
ital E
xp
.)C
ap
ital E
xp
.)C
ap
ital E
xp
.)C
ap
ital E
xp
.)
Cap
ital Im
pro
vem
en
t F
un
dC
ap
ital Im
pro
vem
en
t F
un
d$6,7
29,0
96.3
5$6,0
25,6
35.0
9$7,2
38,0
53.8
2$7,5
70,3
23.1
1$954,3
76.8
4$2,3
83,0
00.0
0$10,4
70,2
36.6
0-$
16,1
06,6
76.0
7
CA
SH
AN
D C
AS
H E
QU
IVA
LE
NT
S A
T T
HE
EN
D
CA
SH
AN
D C
AS
H E
QU
IVA
LE
NT
S A
T T
HE
EN
D
OF
YE
AR
OF
YE
AR
$8,2
41,9
90.0
0$9,1
60,2
66.0
0$9,2
79,2
80.0
0$10,0
68,4
13.0
0$13,0
00,0
00.0
0$15,3
83,0
00.0
0$25,8
53,2
36.6
0$9,7
46,5
60.5
3
EN
PL
AN
EM
EN
TS
281,0
52
308,9
85
335,6
79
317,8
50
335,0
00
375,0
00
400,0
00
419,5
00
Tab
le 5
-4 G
allati
n A
irp
ort
Au
tho
rity
Bu
dg
et
Su
mm
ary
& C
ash
Flo
w A
naly
sis
DR
AF
T -
9/2
5/0
7
2011
2012
2013
2014
2015
2016
2017
2018
INC
OM
E
To
tal In
co
me
$6,0
25,0
75.0
0$6,3
26,3
28.7
5$6,6
42,6
45.1
9$6,9
74,7
77.4
5$7,3
23,5
16.3
2$7,6
89,6
92.1
4$8,0
74,1
76.7
4$8,4
77,8
85.5
8
EX
PE
NS
ES
To
tal E
xp
en
ses
$4,5
75,0
00.0
0$4,8
26,6
25.0
0$5,0
92,0
89.3
8$5,3
72,1
54.2
9$5,6
67,6
22.7
8$5,9
79,3
42.0
3$6,3
08,2
05.8
4$6,6
55,1
57.1
6
OP
ER
AT
ING
SU
RP
LU
S$1,4
50,0
75.0
0$1,4
99,7
03.7
5$1,5
50,5
55.8
1$1,6
02,6
23.1
6$1,6
55,8
93.5
4$1,7
10,3
50.1
1$1,7
65,9
70.9
0$1,8
22,7
28.4
2
OT
HE
R IN
CO
ME
$2,9
30,0
00.0
0$3,0
40,0
00.0
0$3,1
50,0
00.0
0$3,2
60,0
00.0
0$3,3
70,0
00.0
0$3,4
80,0
00.0
0$3,5
90,0
00.0
0$3,7
00,0
00.0
0
$1,5
00,0
00.0
0$2,0
00,0
00.0
0$2,0
00,0
00.0
0
$1,6
92,8
44.0
0$1,7
58,0
28.0
0$1,8
23,2
12.0
0$1,8
88,3
96.0
0$1,9
53,5
80.0
0$2,0
18,7
64.0
0$2,0
83,9
48.0
0$2,1
49,1
32.0
0
CF
C Incom
e$218,1
50.0
0$226,5
50.0
0$234,9
50.0
0$243,3
50.0
0$251,7
50.0
0$260,1
50.0
0$268,5
50.0
0$276,9
50.0
0
Ca
r C
ondo Incom
e$250,0
00.0
0$250,0
00.0
0$250,0
00.0
0$250,0
00.0
0$250,0
00.0
0
$10,5
00.0
0$10,5
00.0
0$10,5
00.0
0$10,5
00.0
0$10,5
00.0
0$10,5
00.0
0$10,5
00.0
0$10,5
00.0
0
Inte
rest In
com
e$487,3
28.0
3$639,3
69.9
2$430,9
98.5
4$369,9
27.5
4$514,5
63.2
7$553,0
81.8
6$431,4
12.7
4$473,8
11.0
3
To
tal O
ther
Inco
me
$5,3
38,8
22.0
3$7,1
74,4
47.9
2$5,6
49,6
60.5
4$6,0
22,1
73.5
4$6,3
50,3
93.2
7$8,5
72,4
95.8
6$8,6
34,4
10.7
4$6,8
60,3
93.0
3
CA
PIT
AL
EX
PE
ND
ITU
RE
S
$2,0
92,0
00.0
0$2,0
92,0
00.0
0$2,0
92,0
00.0
0$2,0
92,0
00.0
0$2,0
92,0
00.0
0$2,0
92,0
00.0
0$2,0
92,0
00.0
0$2,0
92,0
00.0
0
$0.0
0$5,1
66,0
85.4
4$0.0
0$0.0
0$0.0
0$0.0
0$0.0
0$0.0
0
$1,4
92,1
50.0
4$5,5
83,4
93.8
9$255,0
40.3
0$2,6
40,0
81.9
6$4,9
93,9
15.1
3$8,0
90,6
88.2
3$4,6
97,3
23.7
2$2,5
31,2
70.9
6
$163,9
09.0
5$0.0
0$6,0
74,5
96.1
5$0.0
0$150,0
00.0
0$2,5
33,5
40.1
6$2,7
63,0
92.0
8$1,3
78,8
49.2
0
To
tal C
ap
ital E
xp
en
dit
ure
s$3,7
48,0
59.0
9$12,8
41,5
79.3
2$8,4
21,6
36.4
5$4,7
32,0
81.9
6$7,2
35,9
15.1
3$12,7
16,2
28.3
9$9,5
52,4
15.8
0$6,0
02,1
20.1
6
To
tal In
co
me (
Op
era
tin
g In
co
me +
To
tal In
co
me (
Op
era
tin
g In
co
me +
To
tal In
co
me (
Op
era
tin
g In
co
me +
O
ther
Inco
me)
Oth
er
Inco
me)
$11
,363,8
97.0
3$13,5
00,7
76.6
7$12,2
92,3
05.7
3$12,9
96,9
50.9
8$13,6
73,9
09.5
9$16,2
62,1
87.9
9$16,7
08,5
87.4
8$15,3
38,2
78.6
1
To
tal E
xp
en
dit
ure
s (
Op
era
tin
g E
xp
. +
To
tal E
xp
en
dit
ure
s (
Op
era
tin
g E
xp
. +
To
tal E
xp
en
dit
ure
s (
Op
era
tin
g E
xp
. +
O
ther
Inco
me)
Oth
er
Inco
me)
Oth
er
Inco
me)
Oth
er
Inco
me)
Cap
ital E
xp
.)C
ap
ital E
xp
.)$8,3
23,0
59.0
9$17,6
68,2
04.3
2$13,5
13,7
25.8
2$10,1
04,2
36.2
5$12,9
03,5
37.9
1$18,6
95,5
70.4
2$15,8
60,6
21.6
4$12,6
57,2
77.3
3
Co
ntr
ibu
tio
ns t
o(f
rom
) C
on
trib
uti
on
s t
o(f
rom
) C
ap
ital E
xp
.)C
ap
ital E
xp
.)C
ap
ital E
xp
.)C
ap
ital E
xp
.)
Cap
ital Im
pro
vem
en
t F
un
dC
ap
ital Im
pro
vem
en
t F
un
d$3,0
40,8
37.9
4-$
4,1
67,4
27.6
5-$
1,2
21,4
20.0
9$2,8
92,7
14.7
3$770,3
71.6
9-$
2,4
33,3
82.4
3$847,9
65.8
4$2,6
81,0
01.2
8
CA
SH
AN
D C
AS
H E
QU
IVA
LE
NT
S A
T T
HE
C
AS
H A
ND
CA
SH
EQ
UIV
AL
EN
TS
AT
TH
E
CA
SH
AN
D C
AS
H E
QU
IVA
LE
NT
S A
T T
HE
E
ND
OF
YE
AR
EN
D O
F Y
EA
R$12,7
87,3
98.4
7$8,6
19,9
70.8
2$7,3
98,5
50.7
3$10,2
91,2
65.4
6$11
,061,6
37.1
4$8,6
28,2
54.7
1$9,4
76,2
20.5
5$12,1
57,2
21.8
3
EN
PL
AN
EM
EN
TS
436,3
00
453,1
00
469,9
00
486,7
00
503,5
00
520,3
00
537,1
00
553,9
00
Chapte
r 5 -
17
Tab
le 5
-4 G
allati
n A
irp
ort
Au
tho
rity
Bu
dg
et
Su
mm
ary
& C
ash
Flo
w A
naly
sis
(C
on
tin
ued
)
DR
AF
T -
9/2
5/0
7
2019
2020
2021
2022
2023
2024
2025
2026
2027
INC
OM
E
To
tal In
co
me
$8,9
01,7
79.8
6$9,3
46,8
68.8
5$9,8
14,2
12.2
9$10,3
04,9
22.9
1$10,8
20,1
69.0
5$11
,361,1
77.5
1$11
,929,2
36.3
8$12,5
25,6
98.2
0$13,1
51,9
83.1
1
EX
PE
NS
ES
To
tal E
xp
en
ses
$7,0
21,1
90.8
1$7,4
07,3
56.3
0$7,8
14,7
60.9
0$8,2
44,5
72.7
5$8,6
98,0
24.2
5$9,1
76,4
15.5
8$9,6
81,1
18.4
4$10,2
13,5
79.9
5$10,7
75,3
26.8
5
OP
ER
AT
ING
SU
RP
LU
S$1,8
80,5
89.0
5$1,9
39,5
12.5
5$1,9
99,4
51.4
0$2,0
60,3
50.1
6$2,1
22,1
44.8
1$2,1
84,7
61.9
3$2,2
48,1
17.9
4$2,3
12,1
18.2
5$2,3
76,6
56.2
6
OT
HE
R IN
CO
ME
$3,7
00,0
00.0
0$3,7
00,0
00.0
0$3,7
00,0
00.0
0$3,7
00,0
00.0
0$3,7
00,0
00.0
0$3,7
00,0
00.0
0$3,7
00,0
00.0
0$3,7
00,0
00.0
0$3,7
00,0
00.0
0
$2,2
14,3
16.0
0$2,2
79,5
00.0
0$2,3
44,6
84.0
0$2,4
09,8
68.0
0$2,4
75,0
52.0
0$2,5
40,2
36.0
0$2,6
05,4
20.0
0$2,6
70,6
04.0
0$2,7
35,7
88.0
0
CF
C Incom
e$285,3
50.0
0$293,7
50.0
0$302,1
50.0
0$310,5
50.0
0$318,9
50.0
0$327,3
50.0
0$335,7
50.0
0$344,1
50.0
0$352,5
50.0
0
Ca
r C
ondo Incom
e$250,0
00.0
0$250,0
00.0
0$250,0
00.0
0$250,0
00.0
0$250,0
00.0
0$250,0
00.0
0$250,0
00.0
0$250,0
00.0
0$250,0
00.0
0
$10,5
00.0
0$10,5
00.0
0$10,5
00.0
0$10,5
00.0
0$10,5
00.0
0$10,5
00.0
0$10,5
00.0
0$10,5
00.0
0$10,5
00.0
0
Inte
rest In
com
e$607,8
61.0
9$702,9
92.3
9$772,6
45.4
5$364,0
83.6
5$609,5
88.4
4$949,6
13.1
3$438,2
02.1
0$666,5
92.3
6$795,0
83.1
6
To
tal O
ther
Inco
me
$7,0
68,0
27.0
9$7,2
36,7
42.3
9$7,3
79,9
79.4
5$7,0
45,0
01.6
5$7,3
64,0
90.4
4$7,7
77,6
99.1
3$7,3
39,8
72.1
0$7,6
41,8
46.3
6$7,8
43,9
21.1
6
CA
PIT
AL
EX
PE
ND
ITU
RE
S
& Inte
rest
& Inte
rest
$2,0
92,0
00.0
0$2,0
92,0
00.0
0$2,0
92,0
00.0
0$2,0
92,0
00.0
0$2,0
92,0
00.0
0$2,0
92,0
00.0
0$2,0
92,0
00.0
0$4,1
84,0
00.0
0$4,1
84,0
00.0
0
$0.0
0$0.0
0$15,1
25,8
97.2
5$0.0
0$0.0
0$8,0
00,0
00.0
0$0.0
0
$4,7
40,1
25.9
9$5,6
91,1
93.7
3$332,7
69.7
4$2,1
03,2
56.0
1$353,0
35.4
2$0.0
0$2,9
28,1
84.8
7$3,2
00,1
48.5
5
$213,8
64.1
3$0.0
0$240,7
05.9
7$10,0
98,6
81.5
7$0.0
0
To
tal C
ap
ital E
xp
en
dit
ure
s$7,0
45,9
90.1
2$7,7
83,1
93.7
3$17,5
50,6
66.9
9$4,1
95,2
56.0
1$2,6
85,7
41.3
8$20,1
90,6
81.5
7$5,0
20,1
84.8
7$7,3
84,1
48.5
5$4,1
84,0
00.0
0
To
tal In
co
me (
Op
era
tin
g
To
tal In
co
me (
Op
era
tin
g
Inco
me +
Oth
er
Inco
me)
Inco
me +
Oth
er
Inco
me)
$15,9
69,8
06.9
5$16,5
83,6
11.2
4$17,1
94,1
91.7
5$17,3
49,9
24.5
5$18,1
84,2
59.4
9$19,1
38,8
76.6
3$19,2
69,1
08.4
8$20,1
67,5
44.5
6$20,9
95,9
04.2
8
To
tal E
xp
en
dit
ure
s
Inco
me +
Oth
er
Inco
me)
Inco
me +
Oth
er
Inco
me)
(Op
era
tin
g E
xp
. +
Cap
ital E
xp
.)(O
pera
tin
g E
xp
. +
Cap
ital E
xp
.)$14,0
67,1
80.9
3$15,1
90,5
50.0
4$25,3
65,4
27.8
8$12,4
39,8
28.7
6$11
,383,7
65.6
3$29,3
67,0
97.1
5$14,7
01,3
03.3
0$17,5
97,7
28.5
0$14,9
59,3
26.8
5
Co
ntr
ibu
tio
ns t
o(f
rom
) C
on
trib
uti
on
s t
o(f
rom
) (O
pera
tin
g E
xp
. +
Cap
ital E
xp
.)(O
pera
tin
g E
xp
. +
Cap
ital E
xp
.)(O
pera
tin
g E
xp
. +
Cap
ital E
xp
.)(O
pera
tin
g E
xp
. +
Cap
ital E
xp
.)
Cap
ital Im
pro
vem
en
t F
un
dC
ap
ital Im
pro
vem
en
t F
un
d$1,9
02,6
26.0
2$1,3
93,0
61.2
1-$
8,1
71,2
36.1
4$4,9
10,0
95.8
0$6,8
00,4
93.8
6-$
10,2
28,2
20.5
2$4,5
67,8
05.1
8$2,5
69,8
16.0
6$6,0
36,5
77.4
3
CA
SH
AN
D C
AS
HE
QU
IVA
LE
NT
S
CA
SH
AN
D C
AS
HE
QU
IVA
LE
NT
S
AT
TH
E E
ND
OF
YE
AR
AT
TH
E E
ND
OF
YE
AR
$14,0
59,8
47.8
5$15,4
52,9
09.0
6$7,2
81,6
72.9
2$12,1
91,7
68.7
1$18,9
92,2
62.5
7$8,7
64,0
42.0
5$13,3
31,8
47.2
3$15,9
01,6
63.3
0$21,9
38,2
40.7
2
EN
PL
AN
EM
EN
TS
570,7
00
587,5
00
604,3
00
621,1
00
637,9
00
654,7
00
671,5
00
688,3
00
705,1
00
Chapte
r 5 -
18
Tab
le 5
-4 G
allati
n A
irp
ort
Au
tho
rity
Bu
dg
et
Su
mm
ary
& C
ash
Flo
w A
naly
sis
(C
on
tin
ued
)
DR
AF
T -
9/2
5/0
7C
hapte
r 5 -
19
Fig
ure
5-3
An
nu
al In
co
me, E
xp
en
dit
ure
s, &
Cash
Bala
nce -
Term
inal S
ch
em
e B
- O
pti
on
1
An
nu
al
Inc
om
e,
Ex
pe
nd
itu
res
, &
Ca
sh
Ba
lan
ce
$0.0
0
$5,0
00,0
00.0
0
$10,0
00,0
00.0
0
$15,0
00,0
00.0
0
$20,0
00,0
00.0
0
$25,0
00,0
00.0
0
$30,0
00,0
00.0
0
$35,0
00,0
00.0
0
$40,0
00,0
00.0
0
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
Yea
r
Yearly Dollar Amounts
Fig
ure
5-3
An
nu
al In
co
me, E
xp
en
dit
ure
s, &
Cash
Bala
nce -
Term
inal S
ch
em
e B
- O
pti
on
1
DRAFT - 9/25/07
phase of Scheme B – Option 1, which would eliminate
would be converted to TSA passenger screening and
equipment and increase screening capabilities by
The passenger ticketing and check in would continue in
counters are necessary, the Airport administration
The preliminary design allows for one additional
transportation counters, and two sets of additional rest
type of concession facilities could also be located
loading bridges closed to relocate passenger screening could be easily re-established when passenger screening is relocated to its optimal location in Phase
the new hold room area can be used to park rental
area that would keep passengers out of the elements,
airline equipment and eventually be converted to a common baggage make up area designed in Scheme
The advantage of developing Scheme B – Option 1 in two phases is that airport reserves are adequate to fund
period, the Authority does not need to sell bonds and
Ch
ap
ter
5-
21
DR
AF
T -
9/2
5/0
7
Ch
ap
ter
5-
22
DR
AF
T -
9/2
5/0
7
DR
AF
T -
9/2
5/0
7
YE
AR
CO
MP
LE
TE
D2007 C
OS
TC
ost
@ 3
%N
ON
-AIP
AIP
PF
C/C
FC
INF
LA
TIO
NW
ate
r &
Sew
er
Exte
nsio
n2007
$257,0
00.0
0$257
,00
0.0
0D
itch R
elo
cation
2007
$48,0
00.0
0$48
,00
0.0
02007
$140,0
00.0
0$140
,00
0.0
02007
$650,0
00.0
0$
65
0,0
00
.00
Serv
ice R
oad
2007
$350,0
00.0
0$
35
0,0
00
.00
2007
$1,7
50,0
00.0
0$
1,7
50
,00
0.0
0Taxiw
ay C
onstr
uction
Taxiw
ay C
onstr
uction
2007
$300,0
00.0
0$
30
0,0
00
.00
2007
$150,0
00.0
0$
15
0,0
00
.00
2007
$332,0
00.0
0$
33
2,0
00
.00
2007
$400,0
00.0
0$
40
0,0
00
.00
Ters
iato
r2007
$30,0
00.0
0$
30
,00
0.0
0S
UB
-TO
TA
L 2
007
$4,4
07,0
00.0
0$445
,00
0.0
0$
3,2
30
,00
0.0
0$
73
2,0
00
.00
2008
$1,5
10,0
00.0
0$1,5
10
,00
0.0
02008
$750,0
00.0
0$
75
0,0
00
.00
2008
$550,0
00.0
0$
55
0,0
00
.00
2008
$675,0
00.0
0$
67
5,0
00
.00
SU
B-T
OTA
L 2
008
$3,4
85,0
00.0
0$1,5
10
,00
0.0
0$
0.0
0$
1,9
75
,00
0.0
0
Term
inal C
onstr
uction
2009
$18,0
00,0
00.0
0$18,5
40,0
00.0
0$410
,00
0.0
0$
8,1
30
,00
0.0
0$
10
,00
0,0
00
.00
2009
$2,4
17,7
80.0
0$2,4
90,3
13.4
0$
2,4
90
,31
3.4
0W
ate
r &
Sew
er
Exte
nsio
n2009
$150,0
00.0
0$154,5
00.0
0$154
,50
0.0
02009
$500,0
00.0
0$500,0
00.0
0$500
,00
0.0
0Taxiw
ay C
onstr
uction
Taxiw
ay C
onstr
uction
2009
$220,0
00.0
0$226,6
00.0
0$
22
6,6
00
.00
SU
B-T
OTA
L 2
009
$21,2
87,7
80.0
0$21,9
11,4
13.4
0$1,0
64
,50
0.0
0$
10
,84
6,9
13
.40
$1
0,0
00
,00
0.0
0
Term
inal C
onstr
uction
2010
$0.0
02010
$1,3
50,0
00.0
0$1,4
32,2
15.0
0$
1,4
32
,21
5.0
02010
$2,4
00,0
00.0
0$2,5
46,1
60.0
0$2,5
46
,16
0.0
02010
$431,0
00.0
0$457,2
47.9
0$
45
7,2
47
.90
SU
B-T
OTA
L 2
010
$4,1
81,0
00.0
0$4,4
35,6
22.9
0$2,5
46
,16
0.0
0$
6,8
89
,46
2.9
0
2011
$1,0
48,3
21.0
0$1,2
51,7
50.1
0$
1,2
51
,75
0.1
0W
ate
r &
Sew
er
Exte
nsio
n2011
$150,0
00.0
0$163,9
09.0
5$163
,90
9.0
5Taxiw
ay C
onstr
uction
Taxiw
ay C
onstr
uction
2011
$220,0
00.0
0$240,3
99.9
4$
24
0,3
99
.94
SU
B-T
OTA
L 2
011
$1,4
18,3
21.0
0$1,6
56,0
59.0
9$163
,90
9.0
5$
1,4
92
,15
0.0
4$
0.0
0
Chapte
r 5 -
23
Tab
le 5
-5 G
allati
n A
irp
ort
Au
tho
rity
Gallati
n F
ield
Air
po
irt
20 Y
ear
Cap
ital Im
pro
vem
en
t P
lan
DR
AF
T -
9/2
5/0
7
YE
AR
CO
MP
LE
TE
D2007 C
OS
TC
ost
@ 3
%N
ON
-AIP
AIP
PF
C/C
FC
INF
LA
TIO
NE
xte
nd R
unw
ay 3
-21
Exte
nd R
unw
ay 3
-21
2012
$4,9
60,8
62.0
0$5,5
83,4
93.8
9$
5,5
83
,49
3.8
92012
$4,5
90,0
00.0
0$5,1
66,0
85.4
4$
5,1
66
,08
5.4
4S
UB
-TO
TA
L 2
012
$9,5
50,8
62.0
0$10,7
49,5
79.3
2$
0.0
0$
5,5
83
,49
3.8
9$
5,1
66
,08
5.4
4
Taxiw
ay C
onstr
uction
Taxiw
ay C
onstr
uction
2013
$220,0
00.0
0$255,0
40.3
0$
25
5,0
40
.30
Wate
r &
Sew
er
Exte
nsio
n2013
$150,0
00.0
0$173,8
91.1
1$173
,89
1.1
1R
elo
cate
Car
Condos
2013
$500,0
00.0
0$579,6
37.0
4$579
,63
7.0
42013
$4,5
90,0
00.0
0$5,3
21,0
68.0
0$5,3
21
,06
8.0
0S
UB
-TO
TA
L 2
013
$5,4
60,0
00.0
0$6,3
29,6
36.4
5$6,0
74
,59
6.1
5$
25
5,0
40
.30
$0
.00
2014
$707,6
49.0
0$773,2
67.1
7$
77
3,2
67
.17
2014
$487,3
32.0
0$581,8
99.8
9$
58
1,8
99
.89
2014
$1,0
76,0
96.0
0$1,2
84,9
14.9
0$
1,2
84
,91
4.9
02014
$220,0
00.0
0$262,6
91.5
1S
UB
-TO
TA
L 2
014
$2,4
91,0
77.0
0$2,9
02,7
73.4
7$
0.0
0$
2,6
40
,08
1.9
6$
0.0
0
Taxiw
ay C
onstr
uction
Taxiw
ay C
onstr
uction
2015
$220,0
00.0
0$270,5
72.2
5$
27
0,5
72
.25
2015
$500,0
00.0
0$614,9
36.9
3$
61
4,9
36
.93
2015
$3,3
40,5
10.0
0$4,1
08,4
05.9
5$
4,1
08
,40
5.9
5W
ate
r &
Sew
er
Exte
nsio
n2015
$150,0
00.0
0$184,4
81.0
8$150
,00
0.0
0S
UB
-TO
TA
L 2
015
$4,2
10,5
10.0
0$5,1
78,3
96.2
1$150
,00
0.0
0$
4,9
93
,91
5.1
3$
0.0
0
Exte
nd R
unw
ay 1
2-3
0 1
500l.f. inclu
des T
axiw
ay
Exte
nd R
unw
ay 1
2-3
0 1
500l.f. inclu
des T
axiw
ay
Exte
nd R
unw
ay 1
2-3
0 1
500l.f. inclu
des T
axiw
ay
Exte
nd R
unw
ay 1
2-3
0 1
500l.f. inclu
des T
axiw
ay
Exte
nd R
unw
ay 1
2-3
0 1
500l.f. inclu
des T
axiw
ay
Exte
nd R
unw
ay 1
2-3
0 1
500l.f. inclu
des T
axiw
ay
2016
$4,3
86,8
64.0
0$5,5
57,1
48.0
7$
5,5
57
,14
8.0
72016
$2,0
00,0
00.0
0$2,5
33,5
40.1
6$
2,5
33
,54
0.1
6C
ar
Wash F
acili
tyC
ar
Wash F
acili
ty2016
$2,0
00,0
00.0
0$2,5
33,5
40.1
6$2,5
33
,54
0.1
6$18,0
00,0
00.0
0$22,8
01,8
61.4
6$8,0
00
,00
0.0
0$
10
,00
0.0
0$
12
,80
1,8
61
.46
SU
B-T
OTA
L 2
016
$26,3
86,8
64.0
0$33,4
26,0
89.8
6$20,5
33
,54
0.1
6$
8,0
90
,68
8.2
3$
12
,80
1,8
61
.46
2017
$400,0
00.0
0$537,5
66.5
5$537
,56
6.5
52017
$1,5
06,0
00.0
0$2,0
23,9
38.0
7$2,0
23
,93
8.0
7R
ehab. R
unw
ay 1
2-3
0R
ehab. R
unw
ay 1
2-3
02017
$3,2
75,2
50.0
0$4,4
01,6
62.1
2$
4,4
01
,66
2.1
2Taxiw
ay C
onstr
uction
Taxiw
ay C
onstr
uction
2017
$220,0
00.0
0$295,6
61.6
0$
29
5,6
61
.60
Wate
r &
Sew
er
Exte
nsio
n2017
$150,0
00.0
0$201,5
87.4
6$201
,58
7.4
6S
UB
-TO
TA
L 2
017
$5,5
51,2
50.0
0$7,4
60,4
15.8
0$2,7
63
,09
2.0
8$
4,6
97
,32
3.7
2$
0.0
0
Chapte
r 5 -
24
Tab
le 5
-5 G
allati
n A
irp
ort
Au
tho
rity
Gallati
n F
ield
Air
po
irt
20 Y
ear
Cap
ital Im
pro
vem
en
t P
lan
(C
on
tin
ued
)
DR
AF
T -
9/2
5/0
7
YE
AR
CO
MP
LE
TE
D2007 C
OS
TC
ost
@ 3
%N
ON
-AIP
AIP
PF
C/C
FC
INF
LA
TIO
N2018
$148,3
95.0
0$205,4
13.3
9$
20
5,4
13
.39
2018
$892,9
64.0
0$1,2
36,0
71.0
1$
1,2
36
,07
1.0
12018
$787,2
85.0
0$1,0
89,7
86.5
6$
1,0
89
,78
6.5
62018
$996,1
10.0
0$1,3
78,8
49.2
0$1,3
78
,84
9.2
0S
UB
-TO
TA
L 2
018
$2,8
24,7
54.0
0$3,9
10,1
20.1
6$1,3
78
,84
9.2
0$
2,5
31
,27
0.9
6$
0.0
0
Runw
ay 1
2 E
xit T
axiw
ay
Runw
ay 1
2 E
xit T
axiw
ay
2019
$536,5
49.0
0$764,9
90.5
8$
76
4,9
90
.58
2019
$1,5
95,0
00.0
0$2,2
74,0
88.6
1$
2,2
74
,08
8.6
1W
ate
r &
Sew
er
Exte
nsio
n2019
$150,0
00.0
0$213,8
64.1
3$213
,86
4.1
3Taxiw
ay C
onstr
uction
Taxiw
ay C
onstr
uction
2019
$220,0
00.0
0$313,6
67.4
0$
31
3,6
67
.40
2019
$973,0
80.0
0$1,3
87,3
79.4
0$
1,3
87
,37
9.4
0S
UB
-TO
TA
L 2
019
$3,4
74,6
29.0
0$4,9
53,9
90.1
2$213
,86
4.1
3$
4,7
40
,12
5.9
9$
0.0
0
2020
$1,0
76,0
96.0
0$1,5
80,2
83.2
5$
1,5
80
,28
3.2
5R
ehab. E
ast R
am
p &
Hold
Bay
Rehab. E
ast R
am
p &
Hold
Bay
2020
$878,9
30.0
0$1,2
90,7
38.3
4$
1,2
90
,73
8.3
42020
$1,9
20,4
00.0
0$2,8
20,1
72.1
4$
2,8
20
,17
2.1
4S
UB
-TO
TA
L 2
020
$3,8
75,4
26.0
0$5,6
91,1
93.7
3$
0.0
0$
5,6
91
,19
3.7
3$
0.0
0
Taxiw
ay C
onstr
uction
Taxiw
ay C
onstr
uction
2021
$220,0
00.0
0$332,7
69.7
4$
33
2,7
69
.74
Wate
r &
Sew
er
Exte
nsio
n2021
$150,0
00.0
0$226,8
88.4
6$226
,88
8.4
62021
$10,0
00,0
00.0
0$15,1
25,8
97.2
5$
15
,12
5,8
97
.25
SU
B-T
OTA
L 2
021
$10,3
70,0
00.0
0$15,6
85,5
55.4
5$226
,88
8.4
6$
33
2,7
69
.74
$1
5,1
25
,89
7.2
5
2022
$1,3
50,0
00.0
0$2,1
03,2
56.0
1$
2,1
03
,25
6.0
1S
UB
-TO
TA
L 2
022
$1,3
50,0
00.0
0$2,1
03,2
56.0
1$
0.0
0$
2,1
03
,25
6.0
1$
0.0
0
Taxiw
ay C
onstr
uction
Taxiw
ay C
onstr
uction
2023
$220,0
00.0
0$353,0
35.4
2$
35
3,0
35
.42
Wate
r &
Sew
er
Exte
nsio
n2023
$150,0
00.0
0$240,7
05.9
7$240
,70
5.9
7S
UB
-TO
TA
L 2
023
$370,0
00.0
0$593,7
41.3
8$240
,70
5.9
7$
35
3,0
35
.42
$0
.00
2024
$10,9
50,0
00.0
0$18,0
98,6
81.5
7$10,0
98
,68
1.5
7$
8,0
00
,00
0.0
0S
UB
-TO
TA
L 2
024
$10,9
50,0
00.0
0$18,0
98,6
81.5
7$10,0
98
,68
1.5
7$
0.0
0$
8,0
00
,00
0.0
0
Chapte
r 5 -
25
Tab
le 5
-5 G
allati
n A
irp
ort
Au
tho
rity
Gallati
n F
ield
Air
po
irt
20 Y
ear
Cap
ital Im
pro
vem
en
t P
lan
(C
on
tin
ued
)
DR
AF
T -
9/2
5/0
7
YE
AR
CO
MP
LE
TE
D2007 C
OS
TC
ost
@ 3
%N
ON
-AIP
AIP
PF
C/C
FC
INF
LA
TIO
N2025
$1,3
50,0
00.0
0$2,2
98,2
84.6
3$
2,2
98
,28
4.6
3Taxiw
ay C
onstr
uction
Taxiw
ay C
onstr
uction
2025
$220,0
00.0
0$374,5
35.2
7$
37
4,5
35
.27
Wate
r &
Sew
er
Exte
nsio
n2025
$150,0
00.0
0$255,3
64.9
6$
25
5,3
64
.96
SU
B-T
OTA
L 2
025
$1,7
20,0
00.0
0$2,9
28,1
84.8
7$
0.0
0$
2,9
28
,18
4.8
7$
0.0
0
2026
$600,0
00.0
0$1,0
52,1
03.6
3$
1,0
52
,10
3.6
32026
$550,0
00.0
0$964,4
28.3
3$
96
4,4
28
.33
2026
$675,0
00.0
0$1,1
83,6
16.5
9$
1,1
83
,61
6.5
9S
UB
-TO
TA
L 2
026
$1,8
25,0
00.0
0$3,2
00,1
48.5
5$
0.0
0$
3,2
00
,14
8.5
5$
0.0
0
20 Y
EA
R T
OTA
LS
FO
R E
AC
H C
OL
UM
N$125,1
89,4
73.0
0$151,2
14,8
58.3
4$29,4
09
,78
6.7
7$
75
,59
9,0
54
.84
$5
3,8
00
,84
4.1
5
PO
ST
PL
AN
NIN
G P
ER
IOD
Aft
er
2027
$3,1
49,4
03.0
0$5,6
88,1
72.1
4$1,6
23,3
01.0
0$2,9
31,8
62.1
7$1,0
57,7
74.0
0$1,9
10,4
57.5
1$390,8
66.0
0$705,9
47.4
7$3,9
65,0
00.0
0$7,1
61,2
31.0
5$5,8
43,9
07.0
0$10,5
54,7
46.0
9$527,9
70.0
0$953,5
72.5
5$610,3
31.0
0$1,1
02,3
25.6
8$3,6
79,2
99.0
0$6,6
45,2
23.2
6S
UB
-TO
TA
L P
OS
T P
LA
NN
ING
PE
RIO
D$20,8
47,8
51.0
0$37,6
53,5
37.9
1
Chapte
r 5 -
26
Tab
le 5
-5 G
allati
n A
irp
ort
Au
tho
rity
Gallati
n F
ield
Air
po
irt
20 Y
ear
Cap
ital Im
pro
vem
en
t P
lan
(C
on
tin
ued
)
DR
AF
T -
9/2
5/0
7C
hapte
r 5 -
27
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
INC
OM
E
To
tal
Inc
om
e$
1,4
96
,29
2.0
0$
1,5
25
,33
3.0
0$
3,5
20
,50
4.5
9$
3,8
60
,90
9.4
9$
5,2
16
,28
1.0
6$
5,3
24
,35
1.0
8$
4,2
77
,35
4.5
5$
4,6
00
,00
0.0
0
EX
PE
NS
ES
To
tal
Ex
pe
ns
es
$0
.00
$0
.00
$1
,85
6,9
31
.24
$2
,09
9,6
56
.40
$2
,32
7,8
96
.24
$2
,41
9,3
69
.97
$2
,71
2,6
78
.71
$2
,90
0,0
00
.00
OP
ER
AT
ING
SU
RP
LU
S$
1,4
96
,29
2.0
0$
1,5
25
,33
3.0
0$
1,6
63
,57
3.3
5$
1,7
61
,25
3.0
9$
2,8
88
,38
4.8
2$
2,9
04
,98
1.1
1$
1,5
64
,67
5.8
4$
1,7
00
,00
0.0
0
OT
HE
R I
NC
OM
E
$1
,06
1,9
47
.00
$1
,51
2,2
79
.00
$4
,25
4,4
18
.00
$3
,44
5,9
82
.00
$3
,35
1,1
34
.00
$3
,40
7,5
74
.00
$3
,74
4,0
00
.00
$2
,60
0,0
00
.00
$6
25
,40
4.0
0$
60
9,2
37
.00
$6
43
,43
2.0
0$
70
0,2
61
.00
$7
74
,21
0.0
0$
76
4,9
71
.00
$7
77
,20
0.0
0$
87
0,0
00
.00
CF
C I
nco
me
$1
87
,50
0.0
0
Ca
r C
on
do
In
co
me
$1
0,5
00
.00
$1
0,5
00
.00
$1
0,5
00
.00
$1
0,5
00
.00
$1
0,5
00
.00
$1
0,5
00
.00
$1
0,5
00
.00
$1
0,5
00
.00
Inte
rest
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me
$4
97
,60
7.0
0$
27
8,7
20
.00
$1
57
,17
3.0
0$
10
7,6
39
.00
$2
13
,82
5.0
0$
48
2,2
97
.00
$3
15
,00
0.0
0$
50
0,0
00
.00
To
tal
Oth
er
Inc
om
e$
2,1
95
,45
8.0
0$
2,4
10
,73
6.0
0$
5,0
65
,52
3.0
0$
4,2
64
,38
2.0
0$
4,3
49
,66
9.0
0$
4,6
65
,34
2.0
0$
4,8
46
,70
1.0
0$
4,1
68
,00
0.0
0
CA
PIT
AL
EX
PE
ND
ITU
RE
S
$1
,05
0,0
00
.00
$7
32
,00
0.0
0$
1,9
75
,00
0.0
0
$3
,23
0,0
00
.00
$0
.00
$4
45
,00
0.0
0$
1,5
10
,00
0.0
0
To
tal
Ca
pit
al
Ex
pe
nd
itu
res
$0
.00
$0
.00
$0
.00
$0
.00
$0
.00
$0
.00
$5
,45
7,0
00
.00
$3
,48
5,0
00
.00
To
tal
Inc
om
e (
Op
era
tin
g I
nc
om
e +
To
tal
Inc
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tin
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me
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the
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3,6
91
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0.0
0$
3,9
36
,06
9.0
0$
8,5
86
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7.5
9$
8,1
25
,29
1.4
9$
9,5
65
,95
0.0
6$
9,9
89
,69
3.0
8$
9,1
24
,05
5.5
5$
8,7
68
,00
0.0
0
To
tal
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pe
nd
itu
res
(O
pe
rati
ng
Ex
p.
+
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ng
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+
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Ex
p.)
Ca
pit
al
Ex
p.)
$0
.00
$0
.00
$1
,85
6,9
31
.24
$2
,09
9,6
56
.40
$2
,32
7,8
96
.24
$2
,41
9,3
69
.97
$8
,16
9,6
78
.71
$6
,38
5,0
00
.00
Co
ntr
ibu
tio
ns
to
(fro
m)
Co
ntr
ibu
tio
ns
to
(fro
m)
Ca
pit
al
Ex
p.)
Ca
pit
al
Ex
p.)
Ca
pit
al
Ex
p.)
Ca
pit
al
Ex
p.)
Ca
pit
al
Imp
rov
em
en
t F
un
dC
ap
ita
l Im
pro
ve
me
nt
Fu
nd
$3
,69
1,7
50
.00
$3
,93
6,0
69
.00
$6
,72
9,0
96
.35
$6
,02
5,6
35
.09
$7
,23
8,0
53
.82
$7
,57
0,3
23
.11
$9
54
,37
6.8
4$
2,3
83
,00
0.0
0
CA
SH
AN
D C
AS
H E
QU
IVA
LE
NT
S A
T T
HE
EN
D
CA
SH
AN
D C
AS
H E
QU
IVA
LE
NT
S A
T T
HE
EN
D
OF
YE
AR
OF
YE
AR
$7
,76
8,3
44
.00
$9
,86
2,7
38
.00
$8
,24
1,9
90
.00
$9
,16
0,2
66
.00
$9
,27
9,2
80
.00
$1
0,0
68
,41
3.0
0$
13
,00
0,0
00
.00
$1
5,3
83
,00
0.0
0
EN
PL
AN
EM
EN
TS
25
6,1
34
27
4,4
99
28
1,0
52
30
8,9
85
33
5,6
79
31
7,8
50
33
5,0
00
37
5,0
00
Ta
ble
5-6
G
all
ati
n A
irp
ort
Au
tho
rity
Bu
dg
et
Su
mm
ary
& C
as
h F
low
An
aly
sis
DR
AF
T -
9/2
5/0
7C
hapte
r 5 -
28
20
09
20
10
20
11
20
12
20
13
20
14
20
15
20
16
INC
OM
E
To
tal
Inc
om
e$
4,8
30
,00
0.0
0$
5,0
71
,50
0.0
0$
6,0
25
,07
5.0
0$
6,3
26
,32
8.7
5$
6,6
42
,64
5.1
9$
6,9
74
,77
7.4
5$
7,3
23
,51
6.3
2$
7,6
89
,69
2.1
4
EX
PE
NS
ES
To
tal
Ex
pe
ns
es
$3
,13
0,0
00
.00
$3
,37
1,5
00
.00
$4
,57
5,0
00
.00
$4
,82
6,6
25
.00
$5
,09
2,0
89
.38
$5
,37
2,1
54
.29
$5
,66
7,6
22
.78
$5
,97
9,3
42
.03
OP
ER
AT
ING
SU
RP
LU
S$
1,7
00
,00
0.0
0$
1,7
00
,00
0.0
0$
1,4
50
,07
5.0
0$
1,4
99
,70
3.7
5$
1,5
50
,55
5.8
1$
1,6
02
,62
3.1
6$
1,6
55
,89
3.5
4$
1,7
10
,35
0.1
1
OT
HE
R I
NC
OM
E
$2
,71
0,0
00
.00
$2
,82
0,0
00
.00
$2
,93
0,0
00
.00
$3
,04
0,0
00
.00
$3
,15
0,0
00
.00
$3
,26
0,0
00
.00
$3
,37
0,0
00
.00
$3
,48
0,0
00
.00
$2
,50
0,0
00
.00
$1
,50
0,0
00
.00
$2
,00
0,0
00
.00
$1
,55
2,0
00
.00
$1
,62
7,6
60
.00
$1
,69
2,8
44
.00
$1
,75
8,0
28
.00
$1
,82
3,2
12
.00
$1
,88
8,3
96
.00
$1
,95
3,5
80
.00
$2
,01
8,7
64
.00
$0
.00
CF
C I
nco
me
$2
00
,00
0.0
0$
20
9,7
50
.00
$2
18
,15
0.0
0$
22
6,5
50
.00
$2
34
,95
0.0
0$
24
3,3
50
.00
$2
51
,75
0.0
0$
26
0,1
50
.00
Ca
r C
on
do
In
co
me
$2
50
,00
0.0
0$
25
0,0
00
.00
$2
50
,00
0.0
0
$1
0,5
00
.00
$1
0,5
00
.00
$1
0,5
00
.00
$1
0,5
00
.00
$1
0,5
00
.00
$1
0,5
00
.00
$1
0,5
00
.00
$1
0,5
00
.00
Inte
rest
Inco
me
$7
69
,15
0.0
0$
14
5,6
61
.83
$2
49
,55
9.2
8$
49
4,3
12
.74
$3
83
,28
8.4
9$
42
4,4
31
.99
$6
76
,39
2.9
5$
82
7,6
03
.01
To
tal
Oth
er
Inc
om
e$
7,7
41
,65
0.0
0$
4,8
13
,57
1.8
3$
5,1
01
,05
3.2
8$
7,0
29
,39
0.7
4$
5,6
01
,95
0.4
9$
6,0
76
,67
7.9
9$
6,5
12
,22
2.9
5$
8,8
47
,01
7.0
1
CA
PIT
AL
EX
PE
ND
ITU
RE
S
$0
.00
$0
.00
$0
.00
$0
.00
$0
.00
$0
.00
$0
.00
$1
0,0
00
,00
0.0
0-$
5,0
00
,00
0.0
0$
0.0
0$
5,1
66
,08
5.4
4$
0.0
0$
0.0
0$
0.0
0$
0.0
0
$1
0,8
46
,91
3.4
0$
6,8
89
,46
2.9
0$
1,4
92
,15
0.0
4$
5,5
83
,49
3.8
9$
25
5,0
40
.30
$2
,64
0,0
81
.96
$4
,99
3,9
15
.13
$8
,09
0,6
88
.23
$1
,06
4,5
00
.00
$2
,54
6,1
60
.00
$1
63
,90
9.0
5$
0.0
0$
6,0
74
,59
6.1
5$
0.0
0$
15
0,0
00
.00
$2
0,5
33
,54
0.1
6
To
tal
Ca
pit
al
Ex
pe
nd
itu
res
$2
1,9
11,4
13
.40
$4
,43
5,6
22
.90
$1
,65
6,0
59
.09
$1
0,7
49
,57
9.3
2$
6,3
29
,63
6.4
5$
2,6
40
,08
1.9
6$
5,1
43
,91
5.1
3$
28
,62
4,2
28
.39
To
tal
Inc
om
e (
Op
era
tin
g I
nc
om
e +
To
tal
Inc
om
e (
Op
era
tin
g I
nc
om
e +
Oth
er
Inc
om
e)
Oth
er
Inc
om
e)
$1
2,5
71
,65
0.0
0$
9,8
85
,07
1.8
3$
11,1
26
,12
8.2
8$
13
,35
5,7
19
.49
$1
2,2
44
,59
5.6
8$
13
,05
1,4
55
.43
$1
3,8
35
,73
9.2
7$
16
,53
6,7
09
.15
To
tal
Ex
pe
nd
itu
res
(O
pe
rati
ng
Ex
p.
+
To
tal
Ex
pe
nd
itu
res
(O
pe
rati
ng
Ex
p.
+
Oth
er
Inc
om
e)
Oth
er
Inc
om
e)
Oth
er
Inc
om
e)
Oth
er
Inc
om
e)
Ca
pit
al
Ex
p.)
Ca
pit
al
Ex
p.)
$2
5,0
41
,41
3.4
0$
7,8
07
,12
2.9
0$
6,2
31
,05
9.0
9$
15
,57
6,2
04
.32
$11
,42
1,7
25
.82
$8
,01
2,2
36
.25
$1
0,8
11,5
37
.91
$3
4,6
03
,57
0.4
2
Co
ntr
ibu
tio
ns
to
(fro
m)
Co
ntr
ibu
tio
ns
to
(fro
m)
Ca
pit
al
Ex
p.)
Ca
pit
al
Ex
p.)
Ca
pit
al
Ex
p.)
Ca
pit
al
Ex
p.)
Ca
pit
al
Imp
rov
em
en
t F
un
dC
ap
ita
l Im
pro
ve
me
nt
Fu
nd
-$1
2,4
69
,76
3.4
0$
2,0
77
,94
8.9
3$
4,8
95
,06
9.1
9-$
2,2
20
,48
4.8
4$
82
2,8
69
.86
$5
,03
9,2
19
.18
$3
,02
4,2
01
.36
-18
,06
6,8
61
.27
CA
SH
AN
D C
AS
H E
QU
IVA
LE
NT
S A
T T
HE
C
AS
H A
ND
C
AS
H E
QU
IVA
LE
NT
S A
T T
HE
E
ND
OF
YE
AR
EN
D O
F Y
EA
R$
2,9
13
,23
6.6
0$
4,9
91
,18
5.5
3$
9,8
86
,25
4.7
2$
7,6
65
,76
9.8
8$
8,4
88
,63
9.7
4$
13
,52
7,8
58
.92
$1
6,5
52
,06
0.2
8-$
1,5
14
,80
0.9
9
EN
PL
AN
EM
EN
TS
40
0,0
00
41
9,5
00
43
6,3
00
45
3,1
00
46
9,9
00
48
6,7
00
50
3,5
00
52
0,3
00
Tab
le 5
-6 G
allati
n A
irp
ort
Au
tho
rity
Bu
dg
et
Su
mm
ary
& C
ash
Flo
w A
naly
sis
(C
on
tin
ued
)
DR
AF
T -
9/2
5/0
7C
hapte
r 5 -
29
2017
2018
2019
2020
2021
2022
2023
2024
INC
OM
E
To
tal In
co
me
$8,0
74,1
76.7
4$8,4
77,8
85.5
8$8,9
01,7
79.8
6$9,3
46,8
68.8
5$9,8
14,2
12.2
9$10,3
04,9
22.9
1$10,8
20,1
69.0
5$11
,361,1
77.5
1
EX
PE
NS
ES
To
tal E
xp
en
ses
$6,3
08,2
05.8
4$6,6
55,1
57.1
6$7,0
21,1
90.8
1$7,4
07,3
56.3
0$7,8
14,7
60.9
0$8,2
44,5
72.7
5$8,6
98,0
24.2
5$9,1
76,4
15.5
8
OP
ER
AT
ING
SU
RP
LU
S$1,7
65,9
70.9
0$1,8
22,7
28.4
2$1,8
80,5
89.0
5$1,9
39,5
12.5
5$1,9
99,4
51.4
0$2,0
60,3
50.1
6$2,1
22,1
44.8
1$2,1
84,7
61.9
3
OT
HE
R IN
CO
ME
$3,5
90,0
00.0
0$3,7
00,0
00.0
0$3,7
00,0
00.0
0$3,7
00,0
00.0
0$3,7
00,0
00.0
0$3,7
00,0
00.0
0$3,7
00,0
00.0
0$3,7
00,0
00.0
0
$2,0
00,0
00.0
0
$2,0
83,9
48.0
0$2,1
49,1
32.0
0$2,2
14,3
16.0
0$2,2
79,5
00.0
0$2,3
44,6
84.0
0$2,4
09,8
68.0
0$2,4
75,0
52.0
0$2,5
40,2
36.0
0
CF
C Incom
e$268,5
50.0
0$276,9
50.0
0$285,3
50.0
0$293,7
50.0
0$302,1
50.0
0$310,5
50.0
0$318,9
50.0
0$327,3
50.0
0
Car
Condo Incom
e$250,0
00.0
0$250,0
00.0
0$250,0
00.0
0$250,0
00.0
0$250,0
00.0
0$250,0
00.0
0$250,0
00.0
0$250,0
00.0
0
$10,5
00.0
0$10,5
00.0
0$10,5
00.0
0$10,5
00.0
0$10,5
00.0
0$10,5
00.0
0$10,5
00.0
0$10,5
00.0
0
Inte
rest In
com
e-$
75,7
40.0
5$45,9
00.6
0$263,1
55.1
5$445,6
51.1
5$607,0
37.1
5$294,7
94.9
3$641,4
35.2
8$1,0
87,6
52.3
1
To
tal O
ther
Inco
me
$8,1
27,2
57.9
5$6,4
32,4
82.6
0$6,7
23,3
21.1
5$6,9
79,4
01.1
5$7,2
14,3
71.1
5$6,9
75,7
12.9
3$7,3
95,9
37.2
8$7,9
15,7
38.3
1
CA
PIT
AL
EX
PE
ND
ITU
RE
S
$0.0
0$0.0
0$0.0
0$0.0
0$0.0
0$0.0
0$0.0
0$0.0
0
$0.0
0$0.0
0$0.0
0$0.0
0$15,1
25,8
97.2
5$0.0
0$0.0
0$8,0
00,0
00.0
0
$4,6
97,3
23.7
2$2,5
31,2
70.9
6$4,7
40,1
25.9
9$5,6
91,1
93.7
3$332,7
69.7
4$2,1
03,2
56.0
1$353,0
35.4
2$0.0
0
$2,7
63,0
92.0
8$1,3
78,8
49.2
0$213,8
64.1
3$0.0
0$240,7
05.9
7$10,0
98,6
81.5
7
To
tal C
ap
ital E
xp
en
dit
ure
s$7,4
60,4
15.8
0$3,9
10,1
20.1
6$4,9
53,9
90.1
2$5,6
91,1
93.7
3$15,4
58,6
66.9
9$2,1
03,2
56.0
1$593,7
41.3
8$18,0
98,6
81.5
7
To
tal In
co
me (
Op
era
tin
g In
co
me +
To
tal In
co
me (
Op
era
tin
g In
co
me +
O
ther
Inco
me)
Oth
er
Inco
me)
$16,2
01,4
34.6
9$14,9
10,3
68.1
8$15,6
25,1
01.0
0$16,3
26,2
70.0
0$17,0
28,5
83.4
4$17,2
80,6
35.8
3$18,2
16,1
06.3
3$19,2
76,9
15.8
2
To
tal E
xp
en
dit
ure
s (
Op
era
tin
g E
xp
. +
To
tal E
xp
en
dit
ure
s (
Op
era
tin
g E
xp
. +
O
ther
Inco
me)
Oth
er
Inco
me)
Oth
er
Inco
me)
Oth
er
Inco
me)
Cap
ital E
xp
.)C
ap
ital E
xp
.)$13,7
68,6
21.6
4$10,5
65,2
77.3
3$11
,975,1
80.9
3$13,0
98,5
50.0
4$23,2
73,4
27.8
8$10,3
47,8
28.7
6$9,2
91,7
65.6
3$27,2
75,0
97.1
5
Co
ntr
ibu
tio
ns t
o(f
rom
) C
on
trib
uti
on
s t
o(f
rom
) C
ap
ital E
xp
.)C
ap
ital E
xp
.)C
ap
ital E
xp
.)C
ap
ital E
xp
.)
Cap
ital Im
pro
vem
en
t F
un
dC
ap
ital Im
pro
vem
en
t F
un
d$2,4
32,8
13.0
5$4,3
45,0
90.8
6$3,6
49,9
20.0
7$3,2
27,7
19.9
6-$
6,2
44,8
44.4
4$6,9
32,8
07.0
7$8,9
24,3
40.7
0-$
7,9
98,1
81.3
3
CA
SH
AN
D C
AS
H E
QU
IVA
LE
NT
S A
T T
HE
C
AS
H A
ND
C
AS
H E
QU
IVA
LE
NT
S A
T T
HE
E
ND
OF
YE
AR
EN
D O
F Y
EA
R$918,0
12.0
6$5,2
63,1
02.9
2$8,9
13,0
22.9
9$12,1
40,7
42.9
6$5,8
95,8
98.5
1$12,8
28,7
05.5
9$21,7
53,0
46.2
9$13,7
54,8
64.9
6
EN
PL
AN
EM
EN
TS
537,1
00
553,9
00
570,7
00
587,5
00
604,3
00
621,1
00
637,9
00
654,7
00
Tab
le 5
-6 G
allati
n A
irp
ort
Au
tho
rity
Bu
dg
et
Su
mm
ary
& C
ash
Flo
w A
naly
sis
(C
on
tin
ued
)
DR
AF
T -
9/2
5/0
7C
hapte
r 5 -
30
2025
2026
2027
INC
OM
E
To
tal In
co
me
$11
,929,2
36.3
8$12,5
25,6
98.2
0$13,1
51,9
83.1
1
EX
PE
NS
ES
To
tal E
xp
en
ses
$9,6
81,1
18.4
4$10,2
13,5
79.9
5$10,7
75,3
26.8
5
OP
ER
AT
ING
SU
RP
LU
S$2,2
48,1
17.9
4$2,3
12,1
18.2
5$2,3
76,6
56.2
6
OT
HE
R IN
CO
ME
$3,7
00,0
00.0
0$3,7
00,0
00.0
0$3,7
00,0
00.0
0
$2,6
05,4
20.0
0$2,6
70,6
04.0
0$2,7
35,7
88.0
0
CF
C Incom
e$335,7
50.0
0$344,1
50.0
0$352,5
50.0
0
Car
Condo Incom
e$250,0
00.0
0$250,0
00.0
0$250,0
00.0
0
$10,5
00.0
0$10,5
00.0
0$10,5
00.0
0
Inte
rest In
com
e$687,7
43.2
5$1,0
33,2
10.5
6$1,3
89,2
32.2
8
To
tal O
ther
Inco
me
$7,5
89,4
13.2
5$8,0
08,4
64.5
6$8,4
38,0
70.2
8
CA
PIT
AL
EX
PE
ND
ITU
RE
S
$0.0
0$0.0
0$0.0
0
$0.0
0
$2,9
28,1
84.8
7$3,2
00,1
48.5
5
$0.0
0
To
tal C
ap
ital E
xp
en
dit
ure
s$2,9
28,1
84.8
7$3,2
00,1
48.5
5$0.0
0
To
tal In
co
me (
Op
era
tin
g In
co
me +
To
tal In
co
me (
Op
era
tin
g In
co
me +
Oth
er
Inco
me)
Oth
er
Inco
me)
$19,5
18,6
49.6
3$20,5
34,1
62.7
6$21,5
90,0
53.3
9
To
tal E
xp
en
dit
ure
s (
Op
era
tin
g E
xp
. +
To
tal E
xp
en
dit
ure
s (
Op
era
tin
g E
xp
. +
O
ther
Inco
me)
Oth
er
Inco
me)
Oth
er
Inco
me)
Oth
er
Inco
me)
Cap
ital E
xp
.)C
ap
ital E
xp
.)$12,6
09,3
03.3
0$13,4
13,7
28.5
0$10,7
75,3
26.8
5
Co
ntr
ibu
tio
ns t
o(f
rom
) C
on
trib
uti
on
s t
o(f
rom
) C
ap
ital E
xp
.)C
ap
ital E
xp
.)C
ap
ital E
xp
.)C
ap
ital E
xp
.)
Cap
ital Im
pro
vem
en
t F
un
dC
ap
ital Im
pro
vem
en
t F
un
d$6,9
09,3
46.3
3$7,1
20,4
34.2
7$10,8
14,7
26.5
4
CA
SH
AN
D C
AS
H E
QU
IVA
LE
NT
S A
T T
HE
EN
D O
F
CA
SH
AN
D C
AS
H E
QU
IVA
LE
NT
S A
T T
HE
EN
D O
F
YE
AR
$20,6
64,2
11.2
8$27,7
84,6
45.5
5$38,5
99,3
72.0
9
EN
PL
AN
EM
EN
TS
671,5
00
688,3
00
705,1
00
Tab
le 5
-6 G
allati
n A
irp
ort
Au
tho
rity
Bu
dg
et
Su
mm
ary
& C
ash
Flo
w A
naly
sis
(C
on
tin
ued
)
DR
AF
T -
9/2
5/0
7C
hapte
r 5 -
31
Fig
ure
5-6
An
nu
al In
co
me, E
xp
en
dit
ure
s, &
Cash
Bala
nce -
Term
inal S
ch
em
e B
- O
pti
on
1 -
Ph
ase 1
An
nu
al
Inc
om
e,
Ex
pe
nd
itu
res
, &
Ca
sh
Ba
lan
ce
-$5,0
00,0
00.0
0
$0.0
0
$5,0
00,0
00.0
0
$10,0
00,0
00.0
0
$15,0
00,0
00.0
0
$20,0
00,0
00.0
0
$25,0
00,0
00.0
0
$30,0
00,0
00.0
0
$35,0
00,0
00.0
0
$40,0
00,0
00.0
0
$45,0
00,0
00.0
0
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
Yea
r
Yearly Dollar Amounts
DRAFT - 9/25/07
Conclusion
The most important element of the master planning
and management rational to each development item so that the feasibility of implementation can be
parking garage, a phased development of the project
development is phased, the projects could be
The ultimate terminal, if properly planned, can be constructed as passenger usage increases requiring
Scheme B – Option 1, Phase 1 is recommended
large development and reduced the cost to the Airlines
The initial phase will increase the terminal size by
ultimate Scheme B alternative as passenger usage
projected, a revenue bond issue can be completed to
DEFICIENCY CURRENT ULTIMATE
Passenger Screening Up to 6
Gates 5 9
Loading Bridges 6 8
Airline Operations 6-8
Baggage Claims
5-6 6 6-8
Square Footage
Cost
