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