HomeMy WebLinkAboutMemo - Read Before Packet - 2/23/2016 - Memorandum From Jason Licon, Airport Director, Re: Financial Forecast Matrix - February 23, 2016 Agenda Item 3Fort Collins – Loveland Airport Page 1 of 1
4900 Earhart Road Loveland, Colorado 80538
(970) 962-2852 FAX (970) 962-2855 TDD (970) 962-2620
To: Fort Collins City Council
From: Jason Licon, Airport Director
Date: Monday, February 22, 2016
Re: Financial Forecast Matrix
This memo is in response for a supplementary information request for the Airport item on the February
23rd Council Work Session. The request was to develop a summarized matrix for the three spreadsheets
included in the presentation on the Airport’s financial forecast model.
The financial forecast model has a base case that assumes a status quo (no additional general aviation or
commercial service activities) and two scenarios that provide exploratory financial information on
strategic planning goals. The impact of the two scenarios as compared to the base case is summarized on
how they could impact the Airport’s operating and capital funding streams. Neither of the scenarios have
significant impacts on operating expenditures. The annual impact of the two scenarios as compared to the
base case for the 2018 year is summarized below:
The bottom line is that the commercial scenario provides less in operating revenues, but provides a big
increase in capital revenues tied to the current funding structure for airports through the Federal Aviation
Administration. The corporate scenario provides greater operational revenues, however does not impact
the capital revenues. The conclusion is that a mix of both corporate aviation and commercial air service
would be needed to support the operational and capital funding needs of the Airport.
2018 2018 2018
Aircraft Based at Airport
Piston 289 289 289
Helicopter 45 45 45
Jet 13 13 18
Commercial Enplanements < 10,000 > 10,000 < 10,000
Financial Comparison ($000's):
Operating Revenue $ 647 $ 723 $ 742
Operating Gain/Loss (323) (258) (239)
Capital Contribution 158 1,056 158
Change in Net Position 52 78 138
Base Case
Base +
Commercia
Base +
Corporate
- Feb 23, 2016 - Agenda Item #3