Master Plan Update (pdf) - Lansing/Capital City Airport

Table 7-6
PROFORMA CASH FLOW
(Page 1 of 4)
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Budget Projected Projected Projected Projected
2006 2007 2008 2009 2010
OPERATING REVENUE
Landing Fees $1,575,000 $1,614,375 $1,654,734 $1,696,103 $1,738,505
Apron Fees 150 154 158 162 166
Aviation Fuel Sales 90,000 92,804 95,694 98,675 101,749
Land Rentals 690,048 707,299 724,982 743,106 761,684
Wireless Tower Revenue 20,000 20,500 21,013 21,538 22,076
Parking Lot Fees 1,650,000 1,949,842 2,194,450 2,593,231 2,753,752
Terminal Space Rental 2,000,000 2,050,000 2,101,250 2,153,781 2,207,626
Terminal Concessions 800,000 900,360 1,013,310 1,076,034 1,142,641
Loading Bridges 35,000 35,875 36,772 37,691 38,633
Skycap Services 50,000 51,250 52,531 53,845 55,191
Airline Screening 63,900 65,498 67,135 68,813 70,534
Mason Jewett Field 296,163 303,567 311,156 318,935 326,909
TOTAL OP REVENUES
OPERATING EXPENSES
$7,270,261 $7,791,523
1929160
$8,273,185 $8,861,914 $9,219,464
Salaries $2,621,131 $2,733,840 $2,851,395 $2,974,005 $3,101,887
Fringe Benefits 1,700,000 1,773,100 1,849,343 1,928,865 2,011,806
Maintenance Material 350,000 365,050 380,747 397,119 414,195
Special Maintenance 375,000 391,125 407,943 425,485 443,781
Electricity 300,000 312,900 326,355 340,388 355,025
Other Utilities 135,000 140,805 146,860 153,175 159,761
Janitorial Services 218,000 227,374 237,151 247,349 257,985
Contractual Service 80,000 83,440 87,028 90,770 94,673
Fuel and Oil 240,000 250,320 261,084 272,310 284,020
Security Expense 225,000 234,675 244,766 255,291 266,268
Insurance 135,000 140,805 146,860 153,175 159,761
Telephone 46,000 47,978 50,041 52,193 54,437
Supplies 13,500 14,081 14,686 15,317 15,976
Postage 6,000 6,258 6,527 6,808 7,100
Education and Travel 70,000 73,010 76,149 79,424 82,839
Business Expense 18,000 18,774 19,581 20,423 21,301
Air Service Visitations 60,000 62,580 65,271 68,078 71,005
Special Events 10,500 10,952 11,422 11,914 12,426
Dues and Subscriptions 25,000 26,075 27,196 28,366 29,585
Advertising 25,000 26,075 27,196 28,366 29,585
Professional Services 150,000 156,450 163,177 170,194 177,512
Marketing 75,000 78,225 81,589 85,097 88,756
Other Expenses 155,000 161,665 168,617 175,867 183,429
TOTAL OP EXPENSES $7,033,131 $7,335,556 $7,650,985 $7,979,977 $8,323,116
OPERATING INCOME $237,130 $455,968 $622,200 $881,937 $896,348
NON-OPERATING REVENUE
Earnings on Investments $85,000 $87,975 $91,054 $94,241 $97,539
Other Miscellaneous 3,000 3,000 3,000 3,000 3,000
PFC Revenue 1,400,000 1,537,200 1,687,846 1,748,608 1,811,558
Miscellaneous Income 20,000 20,000 20,000 20,000 20,000
Web Site Revenue 5,000 5,000 5,000 5,000 5,000
Grant Revenue 0 0 0 0 0
Tax Revenue 3,174,055 3,205,796 3,237,854 3,270,232 3,302,934
TOTAL NON-OP REVENUE $4,687,055 $4,858,971 $5,044,753 $5,141,081 $5,240,032
NON-OPERATING EXPENSES
Bond Interest and Fees $650,000 $650,000 $650,000 $650,000 $650,000
Miscellaneous Expenses 4,000 4,000 4,000 4,000 4,000
Air Service Development 2,000,000 1,000,000 1,000,000 1,000,000 1,000,000
Capital Purchases/Tax Funded 1,000,000 0 0 0 0
Capital Improvement Projects 0 706,300 3,261,700 1,322,300 790,700
New Debt Service 0 0 0 0 0
TOTAL NON-OP EXPENSES $3,654,000 $2,360,300 $4,915,700 $2,976,300 $2,444,700
SURPLUS REVENUE $1,270,185 $2,954,638 $751,253 $3,046,718 $3,691,680
Capital Region Airport Authority
Capital City Airport Master Plan Update
Implementation Plan 7-15 Final