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HomeMy WebLinkAbout1983-169-10/04/1983-ADOPTING A BUDGET FOR THE FORT COLLINS-LOVELAND AIRPORT FOR THE YEAR 1984 4 RESOLUTION 83-169 OF THE COUNCIL OF THE CITY OF FORT COLLINS ADOPTING A BUDGET FOR THE FORT COLLINS- LOVELAND AIRPORT FOR THE YEAR 1984 WHEREAS, the City Council of the City of Fort Collins, Colorado, which jointly with the City of Loveland owns the Airport, has had presented to it by the Airport Authority and Airport Ad Hoc Committee a proposed budget for 1984 for the Airport, and WHEREAS, the City Council of Loveland is also considering approval of said budget, approval of both cities being necessary for enactment, and WHEREAS, such budget has been duly considered and the City Council is of the opinion that this budget should be adopted NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS that the budget for the Fort Collins-Loveland Airport, presented by the Airport Authority and Airport Ad Hoc Committee, a copy of which is attached hereto, be, and the same hereby is, approved and adopted as the budget for the Airport for 1984 Passed and adopted at a regular meeting of the Council of the City of Fort Collins this 4th day of October, A D 1983 May r ATTEST City C erc AIRPOPT FUN COMPARATIVE STATE IEI1T OF IIIC611E ACTUAL BHOCIT IF ISED PROPr,ED PPO IE cirri PROJECTEII PROIECTFO PROJECTED 1112 1993 1913 1901 17", 191 ( 1917 1911 Operellny PLvinue G s Ind 011 Com nsss ions S 12 144 $ 19 J55 s 17 Fury S '1 499 a 74 021 S 1, 477 $ 29 010 $ sl 11! Rent from F00 20 081 18 255 29 280 30 669 35 050 37 241 43 460 Farn Operations 4 128 9 000 9 000 9 200 n 299 9 400 9 400 ) GOO Tit. Down Fees 4 062 2,000 - - -- -- HanVar Pints 47 095 48 900 52 138 60 420 5 415 55 A65 59 364 57 364 Aircraft Licenses 4 570 6 000 6 000 6,000 6 500 6 800 7 200 7 600 Airport Concession 1 000 1 500 2 000 4 009 7 003 10 DO() 14 000 Ilser Fees 1 184 - 2 000 3 000 3 000 3 500 4 000 5 000 Lino L, 1ses 13 920 1 716 11 180 20 032 7P 804 17 516 40 223 -' - -- - - - - - -- -- - - - - - ---- -- Total Revenue 79,183 120 656 IN 7011 143 120 1 _ n5n 172 446 193 731 217 279 '- - --- - - - ---' - - -- - -- - -- ----- - - -- - ----------- Operating Expt.nsis Persunul Services 3 949 12 000 12 000 60 036 16 160 51 106 56 216 (1 Bill Contractual Services 40 001 36 500 45 506 51 55C 52 525 57 778 63 555 69 911 Comnod it its 10,951 2 50n 2 700 14 109 15 51n 17 061 18 767 20 o44 '--- - '- -- -- -- - -- - - -- - - -- - -_ -- -- - - Total cxpinses 54 901 51 GOO 60 206 129 68r Ila 4 5 125 945 138 539 152 393 Operating Income (Loss) Before nepriciation 24 282 69 856 47 503 14 134 38 45 46 501 55,253 64 136 - ---- -- - ------ -- - - -- - '- _ - - -'-- - -- - Depreciation 18� 146 169 000 196 113 '10,r60 226 ISF 247 4,q 260,039 178 899 Operatinq Income (LOSS) 163 85 -90,144 149,319 196 526 107 701 -195 93 204 78G 214 36' Other Income (Expense) Interest Inconi 144 62( 5 00n 15 On, 5 000 r 000 5 000 5 ON 5 NO Airwest Interest 0 0 20 010 4,000 0 0 0 0 Miscellaneous Incom 15 457 0 7 049 n n 0 0 0 S,le of Equipment 0 0 8 050 0 0 0 0 0 Interest Expinse 209 570 -275 780 75 7HO 275 781) 275 730 275 780 275 78P -715 710 Miscellaneous Expense -36 600 O 11 502 0 0 0 0 0 Total Other 115,887 270.780 -242 153 266 760 270 780 --270-780 270 780 270 780 het Income (Loss) f 339,751 >', -360 924 f 391.463 S 461 306 S -458 483 f -466 768 $ 475 566 f 484 842 AIPPORI FUND ' C011PARATIVE STATEMENT OF CHANGES IN FIIIANCIAL POSI11011 ACTUAL BUDGE REVISED PROPOSED PROJECTED PROJECTED PROJECTED PROJECTED 1982 1983 1983 1914 1985 1986 1987 19,L R glnnlnq IrLt iorkrnq Capital S 741 739 f 27 659 S 3'10 010 $ fl 2n1 S 51 n39 $ 51 714 f 52 135 S `1 90P Additions Net Intone 319 751 -3/n 1)24 391 463 463 10 r, 458 4,33 466 768 475 566 194 342 Depreciation 188 146 160 000 196 813 210 960 226 15O 242 489 260 039 1/8 898 Contributions Fort fo111ns 61) Ono 139 937 53 000 141 Ono Ilq OGn 115 000 115 Ono 128 000 Lovelanl 60 000 139 937 53 Ono 144 Ono 119 0In 115 Ono 115 000 128 00O Other - F„A Grdnt rLfund 1 966 211 500 - - Proceeds Iron Bonds 2 030 non - - Total Additions 2 On0,361 78 950 122 850 35 654 5 675 5 721 14 473 50 056 Orductions Capital lutlay -- - 10 000 45 905 5 000 5 000 5 000 5 0n9 Capital Projects 875.241 -- 391 650 - - Prrnelpal Reductions - - - 45 OGV Acquisition of Property/Equipment - 100 000 - - 10 000 Acquisition of Govt Security 30 241 -- Total Deductions 905 482 100 000 411 650 43 9C5 5,Ogo 5,000 15,000 50 000 Endiny Mt. ,orklnq fap,tdl S 35') 090 $ 6 699 S 51 290 S 51 r)31 S 51 711 S 52 435 $ 51 908 $ 51 964 R series Revenue RPSLrvL $ 332 586 S 6 609 $ 2 149 S 2 6q3 $ l 059 $ 3 449 S 1 976 S 4 345 Capital Reserve 17 504 0 59 141 48 346 48 695 48 986 48 032 47 619 Total Reserves S 350,090 S 6 609 $ 61,290 S 51 039 S 51 714 $ 52 435 $ 51 90B f 51 ,964