midwest transportation consortium seminar – february 2003

Midwest Transportation Consortium Seminar February 2003

Waterloo Regional Airport

AgendaWaterloo Airport OverviewIssues Regarding Regional AirportsAirport FinanceState of Airline IndustryALO - Economic Business ProposalEconomic Development, IT

Airport OverviewALO - General

Waterloo Regional Airport (ALO)Located in NW Iowa Consists of 2,600 acres (map)Located 6 miles North of downtown Waterloo3 Runways1 airline NWA2 FBOs

ALO (Cont)3 Car Rental AgenciesANG UnitIndustrial Park MidportOwned & Operated by City of WaterlooOverseen by Airport Board

Roughly 177,000 people live within 25 miles of Waterloo

Waterloo

Cedar Rapids

Des Moines

17

True North Core CompetenciesSafetySecurityBuild & Maintain InfrastructurePromote and Market Business Development

ALO Goals1. Meet and Exceed True North core functions 1. Safety Exceed FAR Part 139 requirements and inspections 2. Security Exceed Part 1540 requirements and inspections 3. Build and Maintain Infrastructure Implement 5 Year CIP and obtain discretionary funding 4. Promote and Market Business Development- Implement Marketing Plan Efforts Benchmark: Evaluations of FAA Security and Certification Inspections, completion of CIP projects, evaluation of business activity.

Goal #2 Attract regional jet (RJ) service and lower air fares

2. 1. Work with Air Service Task Force (ASTF) to coordinate community financial support to entice new RJ service through marketing money, increased business commitment to travel ALO and the City of Waterloo to identify financial support.

2. Meet with NWA quarterly to review revenue hurdles, discuss service issues, and discuss future service.

3. Apply and lobby for air service grant to acquire funding for air service development efforts, including revenue hurdle guarantees, consultant work, marketing, etc.

4. 4. Host NWA fare analyst to tour Cedar Valley travel agencies to enable agencies to establish rapport with analyst for assistance in identifying markets that are uncompetitive and price fares more equitably with CID.

5. 5. Present economic business proposals to NWA in 4Q 03 for increased flight - RJ service to DTW and review status of fares to ALO.

6. 6. Present economic business proposals to Air Wisconsin (AW) in 4Q 03 for RJ service and improved fares depending upon reaction of Mesaba.

7. 7. Meet with Congressional staff to inform them of local efforts to improve air service and identify additional areas of assistance Congress can provide.

8. 8. Conduct subsequent meetings and proposals to NWA and AW quarterly to update the airlines on ALO and to provide for future improvements in air service. Benchmark: Comparison to service at ME Feb 03 levels using 10% DOT Sample

Goals # 3Become Financially Self-Sufficient1. 1. For FY 03, propose financial split of capital cost with Cedar Falls to reduce tax support from 02 level of $ 120,000 to $ 60,000.

2. 2. Generate cost centers for airport budget to establish fully allocated costs for running airport.

3. 3. Execute airline contracts using compensatory and residual agreements to ensure long-term market based break even.

4. 4. Increase revenues from current $ 870,000 to $ 913,500 (5%).

5. 5. Limit expenditures to C.O.L. ($ 20,000 2%). Benchmark: Comparison to FY 02 budget

Goal # 4Develop and Implement Marketing Program

1. Generate comprehensive marketing program

Establish funding streams to implement marketing program.

Evaluate effectiveness of improved information and goodwill. Benchmark: Evaluate progress on marketing plan no current plan in place, evaluate feedback from business and tourism community to gauge improvement.

ALO - Budget

Airport Funding Revenues(Day to Day Fund $ 1,014,895)

Airport Funding RevenuesDay to Day fund ($ 1,014,895)

Chart1

145000

101100

118695

130600

129489

132000

139316

Parking Lot145,00016%

Farm$ 101,10011%

City of Waterloo$ 78,6958%

Car Rentals$ 130,60015%

Terminal Rent$ 129,48914%

Landing Fees$ 132,00015%

Misc.$ 179,31620%

Exp

PersonnelBuilding MaintUtilitiesARFFProfessional ServicesMisc.

$434,981$100,000$103,275201,57969,150$105,910

&C&"Arial,Italic"&16Waterloo Regional Airport (ALO)FY 2003 Expenditures

Exp

0

0

0

0

0

0

&C&"Arial,Italic"&16Waterloo Regional Airport (ALO)FY 2003 Expenditures

Misc.$ 105,91010%

Professional Services$ 69,1507%

ARFF$ 201,57920%

Utilities$ 103,27510%

Building Maint$ 100,00010%

Personnel$ 434,98143%

Rev

Parking LotFarmCity of WaterlooCar RentalsTerminal RentLanding FeesMisc.

$145,000$101,100$118,695$130,600$129,489$132,000$139,316

Rev

0

0

0

0

0

0

0

&C&"Arial,Italic"&16Waterloo Regional Airport (ALO)FY 2003 Revenues

Misc.$ 139,31616%

Landing Fees$ 132,00015%

Terminal Rent$ 129,48914%

Car Rentals$ 130,60015%

City of Waterloo$ 118,69513%

Farm$ 101,10011%

Parking Lot145,00016%

Act comp

199920002001

Rev$849,082$817,524$846,375

Exp$871,574$895,281$904,530

Act comp

000

000

000

&C&"Arial,Italic"&14 3 Year Actual Revenue / ExpenditureComparison Waterloo Regional Airport (ALO)

FY 1999

FY 2000

FY 2001

Airport Funding Expenses(Day to Day Fund $ 1,014,895)

Chart2

$434,981

$100,000

$103,275

$201,579

$69,150

$105,910

Personnel$ 434,98143%

Building Maint$ 100,00010%

Utilities$ 103,27510%

ARFF$ 201,57920%

Professional Services$ 69,1507%

Misc.$ 105,91010%

02INCWS

1BCDEFGHI

2RAPID CITY REGIONAL AIRPORT

3Prepared By: Bradley A. HagenFY 2002 ENTERPRISE FUND INCOME PROJECTION

4Effective Date: 04/05/01

5Excel File: 2002 RAP Working Budget.xls(See billing worksheets for detailed information)Note: Sub-file at L7..AT118

6=========

7INCOME SOURCEIncomeUnitsNumber ofAnnual RateAnnual% ofRem: This table should be retained - it accumulates income by fund for the income summary at the bottom of the report. (FLM)

8AccountUnitsPer UnitIncomeTotal

9=========

10DEPARTMENT 850 = 606 & 903 = 501 FUND INCOME - TERMINAL RELATED:NOTESDEPARTMENT 850-606 ACCOUNT CODES

11=========---------------------------------------

12AIRLINES3116312431263414341534163417341835103521352235233613361436153619363036543660388639413942394339443945394639473948394939513952395439553956395739593984399139923995

13Landing Fees39411000 lb300,000$1.35$405,000$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$405,000$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0

14Terminal Bldg O&M (Rate #1)3942sq. ft.27,669$14.81$409,778$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$409,778$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0

15Terminal Bldg O&M (Rate #2)3942sq. ft.3,384$7.42$25,109$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$25,109$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0

16Rent (Term. Depreciation)3943sq. ft.$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$0$0$0$0$0

17Fuel Sales3949Gallons9,000$0.95$8,550$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$8,550$0$0$0$0$0$0$0$0$0$0$0

18Employee Parking3995Spaces40$120$4,800$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$0$0$0$4,800

19--------$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$0$0$0$0

20Sub-Total$853,23739.49%$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$0$0$0$0

21$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$0$0$0$0

22CAR RENTAL AGENCIES$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$0$0$0$0

23Terminal Bldg O&M (Rate #1)3942sq. ft.$14.81$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$0$0$0$0$0

24Rent (Term. Depreciation)3943sq. ft.$4.68$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$0$0$0$0$0

25Commissions (Minimum)3956Lump Sum1$60,000$60,000$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$60,000$0$0$0$0$0$0

26Commissions (Above $12,000)3956Lump Sum$4,700,00010%$470,000$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$470,000$0$0$0$0$0$0

27Car Rental Parking3944Space$168$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$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$0$0$0$0$0$0$0$0$0$0

0Sub-Total$530,00024.53%$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$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$0$0$0$0$0$0$0$0$0

0RESTAURANT$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$0$0$0$0

0Term. Bldg O&M (Fuel only)3942sq. ft.3,890$5.25$20,423$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$20,423$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0

0Garbage Fee3942Lump Sum1$1,200$1,200$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$1,200$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0


0Commission3946Lump Sum1$20,000$20,000$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$20,000$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$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0

0Employee Parking3995Space18$120$2,160$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$0$0$0$2,160

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$0$0$0$0$0

0Sub-Total$43,7832.03%$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$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$0$0$0$0$0$0$0$0$0

0GIFT SHOP$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$0$0$0$0

0Term. Bldg O&M (Fuel only)3942sq. ft.941$7.79$7,330$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$7,330$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$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0


0Commission3957$$183,5003%$5,505$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$5,505$0$0$0$0$0

0Employee Parking3995Space3$120$360$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$0$0$0$360

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$0$0$0$0$0

0Sub-Total$13,1950.61%$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$0$0$0$0

INCOME SOURCEIncomeUnitsNumber ofAnnual RateAnnual% of

0AccountUnitsPer UnitIncomeTotal$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$0$0$0$0

0DAKOTA AMUSEMENTS$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$0$0$0$0

0Commission (4% of gross)3416$$162,5004%$6,5000.30%$0$0$0$0$0$6,500$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$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$0$0$0

0AIRPORT LIMO$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$0$0$0$0

0Terminal Bldg O&M (Rate #1)3942sq. ft.240$7.94$1,906$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$1,906$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0


0Commercial Parking3952Space4$37.50$150$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$150$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$0$0$0$0$0$0$0$0$0$0$0$0$0$0

0Sub-Total$2,0560.10%$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$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$0$0$0$0$0$0$0$0$0

0INTERSPACE ADVERTISING$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$0$0$0$0

0Term. Bldg. O&M (Elect)3942Lump Sum$2,000$0Lamar = Outdoor Billboard $3,500/yr.$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$0$0$0$0

0Advertising Commission3947Lump Sum1$25,000$25,000$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$25,000$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$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0

0Sub-Total$25,0001.16%$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$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$0$0$0$0$0$0$0$0$0

0AT&T InterLATA (18% Comm)3417$$42,50020%$8,5000.39%$0$0$0$0$0$0$8,500$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$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$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$0$0$0$0$0$0$0

0AIRINC RADIO$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$0$0$0$0

0Terminal Bldg O&M (Rate #1)3942sq. ft.100$7.94$794$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$794$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$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0

0Sub-Total$7940.04%$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$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$0$0$0$0$0$0$0$0$0

0APCOA PARKING$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$0$0$0$0

0Minimum3952Lump Sum1$325,000$325,000$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$325,000$0$0$0$0$0$0$0$0$0

0Commission3952N/A1$95,000$95,000$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$95,000$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$0$0$0$0$0$0$0$0$0$0$0$0$0$0

0Sub-Total$420,00019.44%$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$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$0$0$0$0$0$0$0$0$0

0SUB-TOTAL TERMINAL AND PARKING LOT INCOME:$1,903,06588.08%$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$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$0$0$0$0$0$0$0$0$0

0NON TERMINAL INCOME:$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$0$0$0$0

OLD TERMINAL BLDG.3945N/AN/A$6,5000.30%$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$6,500$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$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0

0LAND/PRIVATE HANGAR RENTS3521$N/AN/A$18,9830.88%$0$0$0$0$0$0$0$0$0$18,983$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$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

0PASTURE RENTS3948$N/AN/A$6,0000.28%$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$6,000$0$0$0$0$0$0$0$0$0$0$0$0

0CRP PROGRAM (+ Defcncy Pymts)3984$N/AN/A$00.00%$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$0$0$0$0

0FBO'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$0$0$0$0

0Land Rent3521Lump Sum1$6,607$6,607$0$0$0$0$0$0$0$0$0$6,607$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

0Fuel Flowage Commission3951Gallons1,750,000$0.02$35,000$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$35,000$0$0$0$0$0$0$0$0$0$0

0Fuel Sales3949Gallons10,527$0.95$10,001$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$10,001$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$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0

0Sub-Total$51,6082.39%$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$0$0$0$0

INCOME SOURCEIncomeUnitsNumber ofAnnual RateAnnual% of

0AccountUnitsPer UnitIncomeTotal$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$0$0$0$0

0FAA BUILDING3954Lump Sum1$15,000$15,0000.69%$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$15,000$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$0$0$0$0$0$0$0$0$0$0$0$0$0

0MISCELLANEOUS$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$0$0$0$0

Airport Flight Property Tax3116Lump Sum1$50,000$50,0002.31%$50,000$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$0$0$0

WREA Tax Credit3124Lump Sum1$3,000$3,0000.14%$0$3,000$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$0$0

0Gate Card Deposit3415N/AN/A$2000.01%$0$0$0$0$200$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

0Recovery of Direct Expense3418Lump Sum1$25,000$25,0001.16%$0$0$0$0$0$0$0$25,000$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

0Interest Earned3510Lump Sum1$16,000$16,0000.74%$0$0$0$0$0$0$0$0$16,000$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

0Building Rental352212$1,084$13,0080.60%$0$0$0$0$0$0$0$0$0$0$13,008$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

Sale of Equipment3614N/AN/A$00.00%$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$0$0$0$0

0Refund & Overpayment3654N/AN/A$00.00%$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$0$0$0$0

04% State Sales Tax3886N/AN/A$5000.02%$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$500$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0

0Non-Signatory Landing Fees3941Lump Sum1$3,000$3,0000.14%$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$3,000$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0

0JetWay Rental395512$2,917$35,0041.62%$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$35,004$0$0$0$0$0$0$0

0Air Flight Property Tax3116Lump Sum1$00.00%$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$0$0$0$0

0Other Misc.3959Lump SumN/AN/A$1,5000.07%$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$1,500$0$0$0$0

0Parking Violations3992N/AN/A$1,5000%$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$0$0$1,500$0

0Commuter Parking Fees399530AMT VARIES$10,6800.49%$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$0$0$0$10,680

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$0$0$0$0$0

0Sub-Total$159,3927.38%$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$0$0$0$0

0=

0SUB-TOTAL, NON TERMINAL INCOME:$257,48311.92%$50,000$3,000$0$0$200$6,500$8,500$25,000$16,000$25,590$13,008$0$0$0$0$0$0$0$0$500$408,000$466,540$0$0$6,500$20,000$25,000$6,000$18,551$35,000$420,150$15,000$35,004$530,000$5,505$1,500$0$0$1,500$18,000

0=

0TOT. EST. 606 FUNDS 2001 INCOME:$2,160,547100.00%

0=

0=

0-----------2001 INCOME ESTIMATE SUMMARY FOR 606 AND 501 FUNDS-----------------

0=

0AccountUnitsNumber ofAnnual RateAnnual% Of

0Account NameNumberUnitsPer UnitIncomeTotal

0=

0606 FUND = DEPT 850

0Air Flight Tax3116$50,0002.31%

0WREA Tax Credit3124$3,0000.14%

0Gate Card Deposit3415$2000.01%

0Vending Machine Commissions3416$6,5000.30%

0Telephone Commissions3417$8,5000.39%$12,000$3,000$7,000$30,000$230,075$0$95,451$0$1,300$0$9,720

0Rec of Dir Exp3418$25,0001.16%

0Interest Earned3510$16,0000.74%

0Land/Private Hangar Rents3521$25,5901.18%

0Building Rental3522$13,0080.60%

Sale of Equipment3614$00.00%

0Refund & Overpayment3654$00.00%

04% State Sales Tax3886$5000.02%

0Landing Fees3941$408,00018.88%

0Terminal Building O&M3942$466,54021.59%

0Terminal Depreciation3943$00.00%Fund 734 to be used for Capital Improvements

0Car Rental Agency Parking3944$00.00%

0Old Terminal3945$6,5000.30%

0Bar/Cafe Commissions3946$20,0000.93%

0Advertising Rent/Commissions3947$25,0001.16%

0Pasture Rent3948$6,0000.28%

0Fuel Sales3949$18,5510.86%

0Fuel Flowage3951$35,0001.62%

0Limo & Parking Lot Concess.3952$420,15019.45%

0FAA Building3954$15,0000.69%

0JetWay Rental3955$35,0041.62%

0Car Rental Commissions3956$530,00024.53%

0Gift Shop Commissions3957$5,5050.25%

0Miscellaneous3959$1,5000.07%

0CRP Program3984$00.00%

0Parking Violations3992$1,5000.07%

0Employee Parking3995$18,0000.83%

0---------

0606 FUND$2,160,547100.00%

0(Check sum - should equal zero)$0

0734 FUND

0Terminal Depreciation3943$169,528

0782 FUND

0Passenger Facility Charges3958$426,000

0

0

0

0

0

0-

0

0

0

0

&LWorking Budget&CPage &P&RIncome WorksheetPrint Date: &D

02APTBGT

ABCDEFGHIJKLMNO

2Prepared By: Bradley A. HagenWATERLOO REGIONAL AIRPORT

3Effective Date: 06/03/02FY 2003 BUDGET

4Excel File: 2003 ALO Working Budget.xls

5

6GeneralTerminalTerminalFederalNon-Runways/GeneralRoadway &FarmAirportNEW

7Admin.Airline/PublicBuildingTerminalTaxi Areas/AviationPark LotLandFireTOTALSPASSENGERTOTAL

8AccountTenantAreasBuildingsApronsAreasMaint./Rpr.StationGENERALTERMINALAIRSIDELANDSIDESPECIALALL

9NumberDescription207120722073207420752076207720782079NOTESADMIN.BUILDINGAREAAREAFACILITYCOST CENTERS

10======

11ESTIMATED REVENUES FOR 2003

12

133722Refunds$1,500$1,500$0$0$0$0$1,500$0$0

143820Sales Tax Refund$0$0------$0

03361State Grants$1,500$1,500

03449Parking Lot$0$0

03453Landing Fees$137,000$137,000$0

FBO Commissions$5,000$5,000

Fuel Flowage Fees$18,000$18,000

03477Gas Sales$35,500$35,500$0$0$0$0$0$0$0

03483Restaurant Fees$7,200$7,200$0$0$0$0$0$0$0

03485Fuel Reimbursement$6,000$6,000$0$0$137,000$0$137,000$0$0

03491Telephone$2,000$2,000$0$35,500$0$0$35,500$0$0

3496Phone Reimbursement$0

03621Equipment Rental$6,500$6,500$0$7,200$0$0$7,200$0$0

03800Misc. Revenue$20,000$20,000

03873Utility Reimbursement$10,000$10,000$0$0$0$0$0$0$0

0Farm Lease$101,100$101,100$0$0$0$0$0$0$0

0$0$0$0$0$0$0$0$0

0$0------$0

0Hangar Rentals$43,800$43,800$0$0$0$0$0$0$0

0FBO Rent$18,272$18,272------$0

0Rental Car Commission$130,600$130,600$0$0$0$0$0$0$0

0Terminal Rent$129,489$129,489------$0

0Property Rental$291,994$291,994$0$0$18,272$0$18,272$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

0000000$0

0

0TOTAL EST. REVENUES:$23,000$277,289$37,500$0$50,300$155,272$29,000$291,994$101,100$0$965,455

0(Grants not included)------$0

0(Checksum-should = 0)$0000000$0

0------$0

0TerminalTerminalNon-Runways/GeneralRoadway &Farm LandAirport$0$0$0$0$0$0$0

0GeneralAirline/PublicFederalTerminalTaxi Areas/AviationPark LotFire------$0

0AccountAdmin.TenantAreasBuildingBuildingsApronsAreasMaint./Rpr.StationTOTALS000000$0

0NumberDescription207120722073207420752076207720782079NOTES------$0

0000000$0

0PERSONNEL======$0

01111Salary R$0

01112Salary P$0

01113Longevity$0

01114Time & Half$0

01117Doubletime$0

01119Misc Pay$0

01121FICA City$0$0$0$0Roadway &$0$0$0

1122IPERS City

1123Disable Pay

01128Retirement$0

1130Benefit Re

1131Health Insurance

1

2TOTAL PERSONNEL$0$0$0$0$0$0$0$0$0$0

3

4CONTRACT SERVICES

1311Acct & Clerical

1312Engineering & Consultants

1313Legal Services

1314Health Services

1315Training

1317Audit

1334ARFF

1343Postage

1344Telephone

1345Business Travel & Training

1351Advertise

51361Real Property$3,584$3,584

1362Vehicle Insurance

1371Building Maintenance

1376Office Equipment

61377Radio Maintenance$0

71385Office Equipment$336$336

1391Dues & Memberships

1392Subscriptions

1400Utilities

1

2TOTAL INSURANCE$3,920$3,920

3

4PROFESSIONAL SERVICES

51511Aggregate & Concrete$1,000$1,000

1522Light Bulb

1533Gasoline

1537Horticulture

1538Fuel & Resale

1539Inst Supplies

1541Cleaning Supplies

1547Oil & Grease

1555Equipment & Tools

1561Office Supplies

1569Vehicle Parts

1571Equipment Parts

1573Safety Equipment

1

2TOTAL PROFESSIONAL SERVICES$1,000$0$0$0$0$0$0$0$0$1,000

3

4CAPITAL

2106Computer Equipment

2110Machinery & Equipment

2117Motor Vehicle

2118Office Furniture

52135AC Improvements$10,000$10,000

62152Building Improvements

7Total Capital

1TOTAL EST 2003 OPERATIONS EXPENSE$1,000$0$0$0$0$0$0$0$0$3,920$4,920

2-------

3PERCENT OF TOTAL BUDGET:20.3%0.0%0.0%0.0%0.0%0.0%0.0%0.0%79.7%100.0%$0$0$0$0$0$0$0

4PROJECTED BUDGET SURPLUS (DEFICIT):$960,535

5

1PRO RATA ALLOCATION OF GENERAL ADMIN. COST:$7,692$0$0$0$0$0$0$1,000$8,692

2PERCENT G/A COST ALLOCATED:13%16%0%16%15%18%0%1%21%100%=======

3-------

4$0$0$0$0$0$0$0

5=======

6COMBINED COST CENTER TOTAL$1,000$7,692$0$0$0$0$0$0$4,9200000000

&C&"Helv,Italic"&14Waterloo Regional Airport (ALO)FY 2003 Budget

&LAirport Working Budget&C&P&RAirport BudgetPrint Date: &D

02CFLOW

1BCDEFGHIJKLMNOPQRSTUVW

22002 AIRPORT REVENUE

3Enter Month in Numeric Format:1(See Legend at Cell B423)

4ACCTACTUALBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETY-T-D THRUPROJECTEDPROJECTEDPCTATTN

5NBRACCOUNT NAMEBUDGETJanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecemberJanuaryYR-END TOTVARIANCEO/UFLAG

6

73116Air Flight Tax$1,5001251251251251251251251251251251251251251,50000%

83124WREA Tax Credit$00000000000000000%

03415Gate Card Deposit$1,5001251251251251251251251251251251251251251,50000%

03416Vending Machine Commissions$00000000000000000%

03417Telephone Commissions$137,00011,41711,41711,41711,41711,41711,41711,41711,41711,41711,41711,41711,41711,417137,00000%

03418Rec of Dir Exp$35,5002,9582,9582,9582,9582,9582,9582,9582,9582,9582,9582,9582,9582,95835,5000-0%P-Under

03510Interest Earned$7,2006006006006006006006006006006006006006007,20000%

03521Rental Land$6,0005005005005005005005005005005005005005006,00000%

03522Building Rental$2,0001671671671671671671671671671671671671672,00000%

03614Sale of Equipment$00000000000000000%

03654Refund & Overpayment$00000000000000000%

38864% State Sales Tax$20,0001,6671,6671,6671,6671,6671,6671,6671,6671,6671,6671,6671,6671,66720,00000%

13941Landing Fees$10,00083383383383383383383383383383383383383310,00000%

23942Terminal Bldg O&M$101,1008,4258,4258,4258,4258,4258,4258,4258,4258,4258,4258,4258,4258,425101,10000%

33943Terminal Depreciation$00000000000000000%

43944Car Rent Parking$00000000000000000%

53945Old Terminal$43,8003,6503,6503,6503,6503,6503,6503,6503,6503,6503,6503,6503,6503,65043,80000%

63946Bar/Cafe Commissions$18,2721,5231,5231,5231,5231,5231,5231,5231,5231,5231,5231,5231,5231,52318,27200%

73947Advertise Rent$130,60010,88310,88310,88310,88310,88310,88310,88310,88310,88310,88310,88310,88310,883130,6000-0%P-Under

83948Pasture Rent$129,48910,79110,79110,79110,79110,79110,79110,79110,79110,79110,79110,79110,79110,791129,48900%

93949Fuel Sales$291,99424,33324,33324,33324,33324,33324,33324,33324,33324,33324,33324,33324,33324,333291,99400%

103951Fuel Flowage$00000000000000000%

113952Limo & Park Lot$00000000000000000%

123954FAA Building$00000000000000000%

133955JetWay Rental$00000000000000000%

143956Car Rental Commissions$00000000000000000%

153957Gift Shop Commns$00000000000000000%

163959Miscellaneous$00000000000000000%

173984CRP Program$00000000000000000%

183992Parking Violations$00000000000000000%

193995Employee Parking$00000000000000000%

20

21TOTAL REVENUES935,95577,99677,99677,99677,99677,99677,99677,99677,99677,99677,99677,99677,99677,996935,95500%

22

23

24

25

26

272002 AIRPORT EXPENDITURES

28

29ACCTACTUALBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETY-T-D THRUPROJECTEDPROJECTEDPCTATTN

30NBRACCOUNT NAMEBUDGETJanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecemberJanuaryYR-END TOTVARIANCEO/UFLAG

31Personnel

324110Personnel$072,11177,308000000000072,111149,418149,4180%OVER

334120OASI$04,3704,72700000000004,3709,0979,0970%OVER

344121Medicare$01,0221,10600000000001,0222,1282,1280%OVER

354130Retirement$004,279000000000004,2794,2790%

364131Section125 Admin.$00200000000000020200%

374140Workmens Comp$012,0930000000000012,09312,09312,0930%OVER

384150Group Insurance$07,1627,16200000000007,16214,32414,3240%OVER

394155Group Life Ins.$094940000000000941881880%OVER

404170Unemployment Ins.$00000000000000000%

410

42Total Personnel096,85294,695000000000096,852191,547191,5470%OVER

43Insurance

444211Gen. & Auto Liab.$3,58447,371029929929929929929929929929929947,37150,35846,7741305%OVER

454212Boiler Coverage$03,964000000000003,9643,9643,9640%OVER

464213Fire & Ext. Coverage$3365,3370282828282828282828285,3375,6175,2811572%OVER

474214Other Insurance$07,4422500000000007,4427,4677,4670%OVER

480

49Total Insurance3,92064,1142532732732732732732732732732732764,11467,40563,4851620%OVER

50

51Professional Services

524221Legal Services$00000000000000000%

534222Audit$1,00000838383838383838383830833(167)-17%

544223Consultant$010,000234000000000010,00010,23410,2340%OVER

554225Other$01,4132,20700000000001,4133,6203,6200%OVER

564226Interdepartmental Services$04,2254,22500000000004,2258,4508,4500%OVER

570

58Total Professional Services1,00015,6386,6658383838383838383838315,63823,13722,1372214%OVER

59

604230Publishing$10,000022383383383383383383383383383383308,556(1,444)-14%

61

62Rentals

634242Structure Rents$00000000000000000%$0

644243Machinery Rents$00000000000000000%$0

654244Lease Purchases$043,33021,665000000000043,330000%$0

664246Other Rentals$00000000000000000%$0

670

68Total Rentals043,33021,665000000000043,330000%$0

69

70Repairs

714251Rolling Stock$02,9092,50100000000002,909000%$0

724252Structures$02,9692,56500000000002,969000%$0

734253Equipment$02,9982,18000000000002,998000%$0

744254Street, Curb, Walk$00000000000000000%$0

754255Water and Sewer$024700000000000247000%$0

764257Electrical$01,26541900000000001,265000%$0

774259Miscellaneous$00000000000000000%$0

780

79Total Repair and Maintenance010,3897,665000000000010,389000%$0

80

81Supplies

824261Office Supplies$07091,4570000000000709000%$0

834262Gas, Oil and Fuel$006,64600000000000000%$0

844263Clothing, Food$05907730000000000590000%$0

854264Janitorial & Chemical$02,6642,57100000000002,664000%$0

864265Minor Tools$02,49090000000000002,490000%$0

874266Agricultural Supply$00000000000000000%$0

884267Tires$04061,6280000000000406000%$0

894269Miscellaneous$072400000000007000%$0

900

91Total Supplies06,86614,00100000000006,866000%$0

92

934270Travel and Conference$01,1401,46800000000001,140000%$0

944272Personal Vehicle Allowance$07993500000000000799000%$0

95Total Travel/Conference01,9391,81800000000001,9390000%$0

96

97Utilities

984281Telephone$02,0891,83400000000002,089000%$0

994282Natural Gas$09,04210,60400000000009,042000%$0

1004283Electricity$013,36813,508000000000013,368000%$0

1014284Water$04223730000000000422000%$0

1024285Prop,Heat Fuel,Fuel Oil$02,0902,31700000000002,090000%$0

1030

104Total Utilities027,01128,636000000000027,011000%$0

ACCTACTUALBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETY-T-D THRUPROJECTEDPROJECTEDPCTATTN

NBRACCOUNT NAMEBUDGETJanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecemberJanuaryYR-END TOTVARIANCEO/UFLAG

105Misc Expenses

1064292Dues$04075000000000040000%$0

1074293Subscriptions$019200000000000192000%$0

1084294Other Misc. Expenses$00000000000000000%$0

1090

110Total Miscellaneous Expenses0232750000000000232000%$0

111

112TOTAL CURRENT EXPENSES0169,51980,7740000000000169,519000%$0

113

114Capital Outlay

115

1164320Building & Structures$00000000000000000%$0

1174350Furniture & Minor Equipment$00000000000000000%$0

1184360Machinery and Auto. Eq.$00000000000000000%$0

1194370Street Improvements$00000000000000000%$0

1204381Water Imp.$00000000000000000%$0

1214390Other Capital Outlay$09,631000000000009,631000%$0

1220

123TOTAL CAPITAL OUTLAY09,631000000000009,631000%$0

124

125Other Expenses

1264410Principle Payments$00000000000000000%$0

1274420Interest Payments$00000000000000000%$0

1284490Other Bond Expenses$0060000000000000000%$0

1294530Refund or Reimb$00000000000000000%$0

1304540Collections Other Agencies$0114850000000000114000%$0

1310

132TOTAL OTHER EXPENSES0068500000000000000%$0

133

134TOTAL EXPENSES00176,15400000000000000%$0

135

136

137

138

139

1402002 AIRPORT CASH FLOW SUMMARY

141

142ACTUALBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETY-T-D THRUPROJECTEDPROJECTEDPCTATTN

143BUDGETJanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecemberJanuaryYR-END TOTVARIANCEO/UFLAG

1CASH @ BEGINNING OF PERIOD:0000000000000

2

3PLUS REVENUES FOR PERIOD:935,95577,99677,99677,99677,99677,99677,99677,99677,99677,99677,99677,99677,99677,996935,95500%

4

5LESS EXPENSES FOR PERIOD:00176,15400000000000000%$0

6

7EQUALS CASH @ END OF PERIOD:00000000000000000%$0

8

9NET CASH FLOW FOR PERIOD:00(98,158)00000000000000%$0

10

11

12PROJECTED OPERATING SURPLUS (DEFICIT):00%$0

13

14PROJECTED YEAR END ACCOUNT BALANCE:00%$0

15

16

17

18

19

202002 EXPENSE TRACKING WORKSHEET

21

22ACTUALBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETBUDGETY-T-D THRUPROJECTEDPROJECTEDPCTATTN

23Airport Operations Fund #850BUDGETJanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecemberJanuaryYR-END TOTVARIANCEO/UFLAG

24

254110Personnel072,11177,308000000000072,111(149,418)149,418149,4180%OVER

26% expended this month0%0%0%0%0%0%0%0%0%0%0%0%0%0%

27% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%

28

294120OASI04,3704,72700000000004,370(9,097)9,0979,0970%OVER



32

334121Medicare01022110600000000001,022(2,128)2,1282,1280%OVER



36

374130Retirement004,27900000000000(4,279)4,2794,2790%



40

414131Section125 Admin.002000000000000(20)20200%



44

454140Workmens Comp012,0930000000000012,093(12,093)12,09312,0930%OVER



48

494150Group Insurance07,1627,16200000000007,162(14,324)14,32414,3240%OVER



52

534155Group Life Ins.09494000000000094(188)1881880%OVER

54% expended this month0%0%0%0%0%0%0%0%0%0%0%0%-100%0%


56

574170Unemployment Ins.000000000000000000%


59% expended cumulative0%0%0%0%0%0%0%0%0%0%0%0%0

60

6141xxTOTAL PERSONNEL096,85294,695000000000096,852(191,547)191,547191,5470%OVER



64

654211Gen. & Auto Liab.3,58447,371029929929929929929929929929929947,371(46,774)50,35846,7741305%OVER



68

694212Boiler Coverage03,964000000000003,964(3,964)3,9643,9640%OVER



72

734213Fire & Ext. Coverage3365,3370282828282828282828285,337(5,281)5,6175,2811572%OVER



76

774214Other Insurance07,4422500000000007,442(7,467)7,4677,4670%OVER



80

81421xTOTAL INSURANCE3,92064,1142532732732732732732732732732732764,114(63,485)67,40563,4851620%OVER



84

854221Legal Services000000000000000000%



88

894222Audit1,00000838383838383838383830167833(167)-17%



92

934223Consultant010,000234000000000010,000(10,234)10,23410,2340%OVER



96

974225Other01,4132,20700000000001,413(3,620)3,6203,6200%OVER



100

1014226Interdepartmental Services04,2254,22500000000004,225(8,450)8,4508,4500%OVER



104

105422xTOTAL PROFESSIONAL SERVICES1,00015,6386,6658383838383838383838315,638(22,137)23,13722,137-17%OVER



108

1094230Publishing10,000022383383383383383383383383383383308,556

110

111Total Publishing10,000022383383383383383383383383383383301,4448,556(1,444)-14%



114

1154243Machinery Rents000000000000000000%$0



118

1194244Lease Purchases043,33021,665000000000043,3300000%$0



122

1234246Other Rentals000000000000000000%$0



126

127424xTOTAL RENTALS043,33021,665000000000043,3300000%$0



130

1314251Rolling Stock02,9092,50100000000002,9090000%$0



134

1354252Structures02,9692,56500000000002,9690000%$0



138

1394253Equipment02,9982,18000000000002,9980000%$0



142

1434254Street, Curb, Walk000000000000000000%$0



146

1474255Water and Sewer0247000000000002470000%$0



150

1514257Electrical01,26541900000000001,2650000%$0



154

1554259Miscellaneous000000000000000000%



154

155425xTOTAL REPAIR & MAINTENANCE010,3897,665000000000010,3890000%$0



158

1594261Office Supplies07091,45700000000007090000%$0



162

1634262Gas, Oil and Fuel006,646000000000000000%$0



166

1674263Clothing, Food059077300000000005900000%$0



170

1714264Janitorial & Chemical02,6642,57100000000002,6640000%$0



174

1754265Minor Tools02,49090000000000002,4900000%$0



178

1794266Agricultural Supply000000000000000000%$0



182

1834267Tires04061,62800000000004060000%$0



186

1874269Miscellaneous0724000000000070000%$0



190

191426xTOTAL SUPPLIES06,86614,00100000000006,8660000%$0



194

1954270Travel and Conference01,1401,46800000000001,1400000%$0

1964272Personal Vehicle Allowance079935000000000007990000%$0

197427xTOTAL TRAVEL & CONFERENCE01,9391,81800000000001,9390000%00



200

2014281Telephone02,0891,83400000000002,0890000%$0



204

2054282Natural Gas09,04210,60400000000009,0420000%$0



208

2094283Electricity013,36813,508000000000013,3680000%$0



212

2134284Water042237300000000004220000%$0



216

2174285Prop,Heat Fuel,Fuel Oil02,0902,31700000000002,0900000%$0



220

221428xTOTAL UTILITIES027,01128,636000000000027,0110000%$0



224

2254292Dues04075000000000040000%$0

2264293Subscriptions0192000000000001920$0

2274294Other Misc. Expenses000000000000000$0

228

229429xTOTAL MISCELLANEOUS EXPENSES02327500000000002320000%$0



232

233TOTAL CURRENT EXPENSES0266,371175,4690000000000266,371000%$0

234

235

236CAPITAL OUTLAY

2374320Building & Structures00000000000000000%$0

2384350Furniture & Minor Equipment00000000000000000%$0

2394360Machinery and Auto. Eq.00000000000000000%$0

2404370Street Improvements00000000000000000%$0

2414381Water Imp.00000000000000000%$0

2424390Other Capital Outlay09631000000000009,63100%$0

2430

244**TOTAL CAPITAL OUTLAY09,631000000000009,631000%$0

245

246OTHER EXPENSES:

2474410Principle Payments00000000000000000%$0

2484420Interest Payments00000000000000000%$0

2494490Other Bond Expenses0060000000000000000%$0

2504530Refund or Reimb00000000000000000%$0

2514540Collections Other Agencies0114850000000000114000%$0

2520

253TOTAL OTHER EXPENSES01146850000000000114000%$0

254

255TOTAL AIRPORT OPERATIONS0276,115176,1540000000000276,115000%$0

256P-Under = Revenues Projected to Fall Short of Budgeted Amount

P-Over = Expenses Projected to Exceed Budgeted Amount

OVER = Expenses Have Exceeded Budgeted Amount

Current

MonthNumeric Month Format Legend:

11JANUARY$1,9991999\P/PPRB7..W46~OBCA1~BRA1..A6~QAGP

2FEBRUARYRB56..W161~OBRA49..A55~QAGP

3MARCHRB168..W185~OBRA162..A167~QAGP

4APRILRB195..W432~OBRA187..A194~QAGPQ

5MAY

6JUNE\R/PPRB7..W46~OBCA1~BRA1..A6~QAGPQ

7JULY

8AUGUST\E/PPRB56..W161~OBRA49..A55~QAGPQ

9SEPTEMBER

10OCTOBER\S/PPRB168..W185~OBRA162..A167~QAGPQ

11NOVEMBER

12DECEMBER\D/PPRB195..W432~OBRA187..A192~QAGPQ

&LAirport Working Budget&C&P&RCash Flow WorksheetPrint Date: &D

02BUGSM

ABCDEGHIJKLMNO

2Prepared By: Bradley A. HagenFY 1999/2000/2001 OPERATIONS BUDGET SUMMARIES

3Effect. Date: 02/01/00RAPID CITY REGIONAL AIRPORT (606 FUND, ACCOUNT 850)

4Excel File: 2001 RAP Working Budget.xls(Includes total for PPBS numbers 2071 through 2079)

5

6NEW

7LINEACCOUNT1999 ACTUAL2000 WORKING2001 PROPOSED$ INCREASE% INCREASEPASSENGERTOTAL

8ITEMTITLEBUDGETBUDGETBUDGET(DECREASE)- DECREASEREMARKS, EXPLANATIONSADMIN.BUILDINGAREAAREAFACILITYCOST CENTERS

9

10======

114110Salary & Wages (employee Wages)$874,554$861,604$894,492$32,8884%

124120OASI (Social Security)$53,351$53,420$53,829$4091%$0$0$0$0$0$0$0

134121Medicare$12,477$12,492$12,591$991%------$0

144130Retirement (Employee Retirement Benefit)$51,262$49,499$51,623$2,1244%

154131Section 125$241$314$275($39)-14%

164140Workmen's Comp (Insurance)$34,927$18,513$16,122($2,391)-15%$0

174150Group Health Insurance$88,060$86,735$83,441($3,294)-4%$0

184155Group Life Insurance$1,023$1,059$1,011($48)-5%$0$0$0$0$0$0$0

194170Unemployment Insurance$3,375$0$2,430$2,430N/A$0$0$0$0($0)$0$0

204211Gen. & Auto Liability$45,648$67,650$67,650$00%$0$0$0$0($0)$0$0

214212Boiler Coverage$863$0$0$0N/A$0$0$0$0($0)$0$0

224213Fire and Extended Coverage$6,606$18,800$18,800$00%$0$0$0$0$0$0$0

234214Other Insurance$6,808$11,000$11,000$00%------$0

244221Legal Services$0$0$0$0N/A

254222Audit Services$0$1,000$1,000$00%$0$0$0$0$0$0$0

264223Consultant Services$27,755$10,000$10,000$00%------$0

274225Other Professional Services$53,260$27,200$29,000$1,8006%$0$0$0$0$0$0$0

284226Interdepartmental Services$45,984$49,409$50,700$1,2913%$0$0$0$0$0$0$0

294230Publishing (Minutes, Legal Ads)$12,328$12,000$10,000($2,000)-20%$0$0$0$0$0$0$0

304243Machinery Rental$810$750$750$00%

314244Lease/Purchases$263,171$265,700$271,200$5,5002%$0$0$0$0$0$0$0

324246Other Rentals$0$250$0($250)N/A$0$0$0$0$0$0$0

334251Repairs-Rolling Stock (Vehicle Rprs)$69,115$32,600$35,600$3,0008%$0$0$0$0($0)$0$0

344252Repair of Structures$19,566$8,250$8,750$5006%------$0

354253Repair of Equipment$27,341$35,750$33,250($2,500)-8%$0$0$0$0$0$0$0

364254Repair-Streets, Curb, Sidewalk$770$2,000$1,500($500)-33%------$0

374255Repair of Water and Sewer$2,006$2,250$2,250$00%$0$0$0$0$0$0$0

384257Repairs - Electrical$9,464$8,350$9,000$6507%------$0

394259Repairs - Miscellaneous$1,884$0$0$0N/A

404261Office Supplies$12,390$6,250$7,500$1,25017%

414262Gas, Oil, Fuel, Propane$18,329$23,700$22,300($1,400)-6%$0$0$0$0$0$0$0

424263Clothing, Food (Protective Clothing)$16,006$5,000$5,750$75013%-------

434264Janitor/Chemical Supplies$44,987$30,250$38,000$7,75020%-------

444265Minor Tools (Mechanic Tools)$2,910$2,300$2,050($250)-12%

454266Agricultural Supplies$9$400$400$00%$0$0$0$0$0$0$0

464267Tires (For Vehicles & Equipmt)$2,376$1,500$1,650$1509%$0$0$0$0$0$0$0

474269Misc Supply & Mat$13,227$12,150$11,550($600)-5%$0$0$0$0$0$0$0

484270Travel & Conference$18,518$14,000$15,500$1,50010%------$0

4272Personal Vehicle Allowance$1,400$0$4,200$4,200100%

494281Telephone$15,967$17,800$17,000($800)-5%$0$0$0$0$150$0$0

504282Natural Gas$26,092$23,000$26,300$3,30013%

514283Electricity (Power-All)$144,072$152,700$154,500$1,8001%-------

524284Water$4,640$3,600$4,300$70016%

534285Propane, Htg fuel, Fuel oil$4,671$5,400$5,400$00%$0$0$0$0$0$0$0

544292Dues$555$600$600$00%$0$0$0$0$0$0$0

554293Subscriptions$3,349$500$500$00%$0$0$0$0$0$0$0

564294Other Misc. Expenses$0$0$0$0N/A

574320Building and Structures$8,476$1,500$1,500$00%$0$0$0$0$0$0$0

58(Capital Outlay for Building and Structures)$0$0$0$0$0$0$0

59$0$0$0$0$0$0$0

604350Furniture & Minor Equipment$17,989$6,500$6,000($500)-8%$0$0$0$0$0$0$0

614360Machinery and Automotive Eqpmt$0$17,000$30,000$13,00043%

624370Street Improvements$0$0$0$0N/A

634381Water Improvements$5,852$0$0$0N/A

644390Other Capital Outlay$0$40,000$10,000($30,000)-300%$0$0$0$0$0$0$0

654410Principle Payments$0$0$0$0N/A--------

664420Interest Payments$0$0$0$0N/A$0$0$0$0$0$0$0

674490Other Bond Expenses$600$0$600$600N/A

684520MDSE for Resale$0$0$0$0N/A$0$0$0$0($30,003)$0$0

694530Refunds or Reimbursements$80$0$0$0N/A$0$0$0$0$0$0$0

704540Collections Other Agencies$1,945$1,250$1,250$00%$0$0$0$0$0$0$0

71$0$0$0$0$0$0$0

TOTAL OTHER EXPENSES$2,077,089$2,001,995$2,043,114$41,1192%--------

$0$0$0$0$0$0$0$0

-------

$0$0$0$0$0$0$0

=======

NEW-------

PASSENGERTOTAL$0$0$0$0$0$0$0

GENERALTERMINALAIRSIDELANDSIDESPECIALALL=======

ADMIN.BUILDINGAREAAREAFACILITYCOST CENTERS0000000

======

$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$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$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$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

------$0

000000$0

------$0

000000$0

------$0

$0

$0$0$0$0$0$0$0

$0$0$0$0$0$0$0

------$0

000000$0

------$0

000000$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$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

$0$0$0$0$0$0$0

-------

0.000.000.000.000.000.000.00

-------

$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$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$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$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$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$0$0

VW--------

--

ATTN$0$0$0$0$0$0$0$0

FLAG--------

--$0$0$0$0$0$0$0

$0$0$0$0$0$0$0

$0$0$0$0$0$0$0

$99,999$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

$99,999$0$0$0$0$0$0$0

$0$0$0$0$0$0$0

$99,999--------

--$0$0$0$0$0$0$0$0

$99,999-------

$0$0$0$0$0$0$0

$99,999

--

=======

-------

$0$0$0$0$0$0$0

--=======

ATTN0000000

FLAG

==

$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

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

&L&F&A&RPrint Date: &D

3 Year Expense Comparison

ABCDGHDGHDGHIJKLMNOLMNO

2Prepared By: Bradley A. Hagen

3Effect. Date: 05/02/00

4Excel File: 2001 RAP Working Budget.xls

5

6NEW

7LINEACCOUNT1997 PROPOSED1997 ACTUAL$ INCREASE% INCREASE1998 PROPOSED1998 ACTUAL$ INCREASE% INCREASE1999 PROPOSED1999 ACTUAL$ INCREASE% INCREASE2000 PROPOSED2000 ACTUAL$ INCREASE% INCREASE2001 PROPOSED2001 ACTUAL$ INCREASE% INCREASEPASSENGERTOTAL

8ITEMTITLEBUDGETBUDGET(DECREASE)- DECREASEBUDGETBUDGET(DECREASE)- DECREASEBUDGETBUDGET(DECREASE)- DECREASEREMARKS, EXPLANATIONSBUDGETBUDGET(DECREASE)- DECREASEBUDGETBUDGET(DECREASE)- DECREASEADMIN.BUILDINGAREAAREAFACILITYCOST CENTERS

9

10======

114110Salary & Wages (employee Wages)$743,550$764,499$20,9493%$780,382$828,346$47,9646%$825,692$874,554$48,8626%$861,604$907,716$46,1125%$0N/A

124120OASI (Social Security)$44,202$46,802$2,6006%$48,019$50,523$2,5045%$51,205$53,351$2,1464%$53,420$55,298$1,8783%$0N/A$0$0$12,492$0$0$0$0

134121Medicare$10,335$10,946$6116%$11,233$11,816$5835%$11,979$12,477$4984%$12,492$12,933$4413%$0N/A------$0

144130Retirement (Employee Retirement Benefit)$42,403$45,196$2,7936%$46,130$49,049$2,9196%$47,690$51,262$3,5727%$49,499$52,910$3,4116%$0N/A

154131Section 125$179$156($23)-15%$198$195($3)-2%$210$241$3113%$314$169($145)-86%$0N/A

164140Workmen's Comp (Insurance)$48,131$34,979($13,152)-38%$37,822$34,927($2,895)-8%$34,927$34,927$00%$18,513$16,122($2,391)-15%$0N/A$2,391

174150Group Health Insurance$75,672$75,193($479)-1%$87,599$86,239($1,360)-2%$93,385$88,060($5,325)-6%$86,735$83,491($3,244)-4%$0N/A$3,244

184155Group Life Insurance$1,079$935($144)-15%$972$1,043$717%$998$1,023$252%$1,059$1,000($59)-6%$0N/A$0$0$49,499$0$0$0$0

194170Unemployment Insurance$0$0$0N/A$0$0$0N/A$0$3,375$3,375100%$0$0$0N/A$0N/A$0$0$86,735$0$0$0$0

204211Gen. & Auto Liability$67,089$20,293($46,796)-231%$61,873$42,557($19,316)-45%$67,650$45,648($22,002)-48%$67,650$45,130($22,520)-50%$0N/A$0$0$1,059$0($0)$0$0

214212Boiler Coverage$0$200$200100%$0$0$0N/A$0$863$863100%$0$3,450$3,450100%$0N/A$0$0$0$0$0$0$0

224213Fire and Extended Coverage$14,900$7,210($7,690)-107%$18,800$6,067($12,733)-210%$18,800$6,606($12,194)-185%$18,800$5,493($13,307)-242%$0N/A$0$0$67,650$0$1$0$0

234214Other Insurance$11,000$45,813$34,81376%$11,000$6,193($4,807)-78%$11,000$6,808($4,192)-62%$11,000$7,958($3,042)-38%$0N/A------$0

244221Legal Services$0$456$456100%$0$0$0N/A$0$0$0N/A$0$0$0N/A$0N/A

254222Audit Services$0$0$0N/A$0$1,150$1,150100%$0$0$0N/A$1,000$0($1,000)N/A$0N/A$0$0$204,943$0$1$0$0

264223Consultant Services$3,000$25,144$22,14488%$3,000$42,318$39,31893%$10,000$27,755$17,75564%$10,000$32,571$22,57169%$0N/A------$0

274225Other Professional Services$12,500$35,771$23,27165%$15,200$27,995$12,79546%$25,500$53,260$27,76052%$27,200$46,939$19,73942%$0N/A$0$0$0$0($1)$0$0

284226Interdepartmental Services$26,000$36,804$10,80429%$38,309$38,316$70%$45,962$45,984$220%$49,409$59,428$10,01917%$0N/A$0$0$10,000$0$0$0$0

294230Publishing (Minutes, Legal Ads)$1,000$1,549$54935%$2,000$6,812$4,81271%$12,000$12,328$3283%$12,000$3,280($8,720)-266%$0N/A$0$0$27,200$0$1$0$0

304243Machinery Rental$0$950$950100%$0$675$675100%$0$810$810100%$750$1,037$28728%$0N/A

314244Lease/Purchases$254,374$263,171$8,7973%$254,374$263,171$8,7973%$265,700$263,171($2,529)-1%$265,700$270,487$4,7872%$0N/A$0$0$49,409$0$1$0$0

324246Other Rentals$1,500$3,256$1,75654%$1,500$231($1,269)-549%$250$0($250)N/A$250$0($250)N/A$0N/A$0$0$12,000$0$0$0$0

334251Repairs-Rolling Stock (Vehicle Rprs)$16,300$49,130$32,83067%$19,400$34,232$14,83243%$29,650$69,115$39,46557%$32,600$62,824$30,22448%$0N/A$0$0$750$0$0$0$0

344252Repair of Structures$19,000$11,940($7,060)-59%$6,000$16,227$10,22763%$9,000$19,566$10,56654%$8,250$23,219$14,96964%$0N/A------$0

354253Repair of Equipment$28,900$40,052$11,15228%$30,200$35,493$5,29315%$33,500$27,341($6,159)-23%$35,750$34,394($1,356)-4%$0N/A$0$0$304,302$0$0$0$0

364254Repair-Streets, Curb, Sidewalk$2,000$2,242$24211%$0$34,560$34,560100%$1,500$770($730)-95%$2,000$512($1,488)-291%$0N/A------$0

374255Repair of Water and Sewer$3,400$1,691($1,709)-101%$2,000$2,441$44118%$2,200$2,006($194)-10%$2,250$2,094($156)-7%$0N/A$0$0$35,750$0$1$0$0

384257Repairs - Electrical$8,800$13,709$4,90936%$6,900$5,144($1,756)-34%$9,400$9,464$641%$8,350$11,612$3,26228%$0N/A------$0

394259Repairs - Miscellaneous$200$0($200)N/A$300$55($245)-445%$0$1,884$1,884100%$0$128$128100%$0N/A

404261Office Supplies$4,000$6,549$2,54939%$5,100$11,880$6,78057%$6,100$12,390$6,29051%$6,250$20,369$14,11969%$0N/A

414262Gas, Oil, Fuel, Propane$23,900$27,605$3,70513%$28,200$20,853($7,347)-35%$28,950$18,329($10,621)-58%$23,700$35,575$11,87533%$0N/A$0$0$0$0$0$0$0

424263Clothing, Food (Protective Clothing)$4,500$4,181($319)-8%$4,000$6,803$2,80341%$5,000$16,006$11,00669%$5,000$6,934$1,93428%$0N/A-------

434264Janitor/Chemical Supplies$26,400$31,251$4,85116%$26,600$30,575$3,97513%$31,500$44,987$13,48730%$30,250$41,365$11,11527%$0N/A-------

444265Minor Tools (Mechanic Tools)$1,700$3,565$1,86552%$1,600$2,428$82834%$2,150$2,910$76026%$2,300$3,112$81226%$0N/A

454266Agricultural Supplies$300$323$237%$400$810$41051%$400$9($391)-4344%$400$296($104)-35%$0N/A$0$0$0$0$0$0$0

464267Tires (For Vehicles & Equipmt)$1,400$1,075($325)-30%$1,200$511($689)-135%$1,500$2,376$87637%$1,500$1,976$47624%$0N/A$0$0$6,250$0$1,885$0$0

474269Misc Supply & Mat$12,000$11,228($772)-7%$12,900$12,113($787)-6%$12,400$13,160$7606%$12,150$8,927($3,223)-36%$0N/A$0$0$0$0$0$0$0

484270Travel & Conference$14,000$17,310$3,31019%$15,000$14,699($301)-2%$13,000$18,518$5,51830%$14,000$27,101$13,10148%$0N/A------$0

4272Personal Vehicle Allowance$0$0$0N/A$0$0$0N/A$0$1,400$1,400100%$0$4,200$4,200100%$0N/A

494281Telephone$13,900$16,965$3,06518%$14,000$17,875$3,87522%$17,000$15,967($1,033)-6%$17,800$17,043($757)-4%$0N/A$0$0$12,150$0$876$0$0

504282Natural Gas$28,000$22,635($5,365)-24%$26,000$20,441($5,559)-27%$24,000$26,092$2,0928%$23,000$25,911$2,91111%$0N/A

514283Electricity (Power-All)$169,300$149,955($19,345)-13%$148,200$147,772($428)-0%$150,700$144,072($6,628)-5%$152,700$150,028($2,672)-2%$0N/A-------

524284Water$3,600$3,602$20%$3,600$3,498($102)-3%$3,600$4,640$1,04022%$3,600$6,106$2,50641%$0N/A

534285Propane, Htg fuel, Fuel oil$5,500$8,969$3,46939%$5,900$5,868($32)-1%$7,400$4,671($2,729)-58%$5,400$14,247$8,84762%$0N/A$0$0$0$0$0$0$0

544292Dues$600$1,023$42341%$600$880$28032%$600$555($45)-8%$600$680$8012%$0N/A$0$0$0$0$0$0$0

554293Subscriptions$800$231($569)-246%$300$2,588$2,28888%$300$3,349$3,04991%$500$822$32239%$0N/A$0$0$0$0$0$0$0

564294Other Misc. Expenses$200$0($200)N/A$100$0($100)N/A$0$0$0N/A$0$0$0N/A$0N/A

574320Building and Structures$2,000$44,476$42,47696%$0$8,439$8,439100%$0$8,476$8,476100%$1,500$0($1,500)N/A$0N/A$0$0$0$0$0$0$0

58(Capital Outlay for Building and Structures)N/A$0N/A$0N/A$0$0$0$0$0$0$0

59$0N/A$0N/A$0N/A$0N/A$0N/A$0$0$0$0$0$0$0

604350Furniture & Minor Equipment$2,000$10,547$8,54781%$2,000$47,260$45,26096%$3,000$17,989$14,98983%$6,500$8,683$2,18325%$0N/A$0$0$500$0($45)$0$0

614360Machinery and Automotive Eqpmt$13,000$19,918$6,91835%$20,000$0($20,000)N/A$0$0$0N/A$17,000$25,288$8,28833%$0N/A

624370Street Improvements$0$0$0N/A$0$0$0N/A$0$0$0N/A$0$0$0N/A$0N/A

634381Water Improvements$0$0$0N/A$0$0$0N/A$0$5,852$5,852100%$0$0$0N/A$0N/A

644390Other Capital Outlay$32,000$0($32,000)N/A$0$1,936$1,936100%$0$0$0N/A$40,000$65,295$25,29539%$0N/A$0$0$0$0$0$0$0

654410Principle Payments$0$0$0N/A$93,226$0($93,226)N/A$0$0$0N/A$0$0$0N/A$0N/A--------

664420Interest Payments$0$0$0N/A$18,532$0($18,532)N/A$0$0$0N/A$0$0$0N/A$0N/A$0$0$0$0$8,477$0$0

674490Other Bond Expenses$0$0$0N/A$0$650$650100%$0$600$600100%$0$600$600100%$0N/A

684520MDSE for Resale$0$0$0N/A$0$0$0N/A$0$0$0N/A$0$0$0N/A$0N/A$0$0$0$0$0$0$0

694530Refunds or Reimbursements$0$60$60100%$0$23,024$23,024100%$0$80$80100%$0$0$0N/A$0N/A$0$0$0$0$0$0$0

4540Collections Other Agencies$1,000$1,150$15013%$1,000$698($302)-43%$1,250$1,945$69536%$1,250$920($330)-36%$0N/A

704546Payment Withheld - Dental Insurance$0$9$9100%$0$0$0N/A$0$0$0N/A$0$0$0$0$0$0$0

71$0$0$0$0$0$0$0

TOTAL OTHER EXPENSES$1,795,614$1,920,713$125,0997%$1,911,669$2,007,376$95,7075%$1,917,048$2,077,022$159,9748%$2,001,995$2,205,673$203,6789%$0$0$0N/A--------

OPERATING MARGIN4.2%2.6%6.8%0.0%0.0%$0$0$0$0$0$0$0$0

NET INCOME/OPERATING REVENUE$83,651$2,004,364$53,830$2,061,206$151,773$2,228,795$2,213,917$2,213,917

REVENUE BUDGETED / DIFFERENCE$2,042,839($38,475)$2,116,121($54,915)$1,940,048$288,747$2,030,893$183,024$2,030,893$183,024-------

$0$0$0$0$0$0$0

=======

NEW-------

PASSENGERTOTAL$0$0$0$0$0$0$0

GENERALTERMINALAIRSIDELANDSIDESPECIALALL=======

ADMIN.BUILDINGAREAAREAFACILITYCOST CENTERS0000000

======

$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$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$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$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

------$0

000000$0

------$0

000000$0

------$0

$0

$0$0$0$0$0$0$0

$0$0$0$0$0$0$0

------$0

000000$0

------$0

000000$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$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

$0$0$0$0$0$0$0

-------

0.000.000.000.000.000.000.00

-------

$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

------$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

-------

$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

--------

$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$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$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$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

=======

0000000

&C&"Helv,Bold"&20RAPID CITY REGIONAL AIRPORT3 YEAR BUDGET COMPARISON

&L&F&A&RPrint Date: &D

3 Year Revenue Comparison

Prepared by: Bradley A. Hagen

Effective Date: 4/1/01

ACCT19971997199819981999199920002000

NBRACCOUNT NAMEBUDGETACTUALVAR ($)VAR (%)BUDGETACTUALVAR ($)VAR (%)BUDGETACTUALVAR ($)VAR (%)BUDGETACTUALVAR ($)VAR (%)

3116Air Flight Tax$145,000$314,320$169,320217%$145,000$221,579$76,579153%$233,877$75,407($158,470)32%$55,000$41,976($13,024)76%

3124WREA Tax Credit$0$0$0N/A$0$0$0N/A$0$3,584$3,584N/A$0$3,109$3,109N/A

3126Airport Gas Revenues$50,000($64,000)($114,000)-128%$65,000$0($65,000)0%$50,000$0($50,000)0%$0$0$0N/A

3414Fax/Copy Charges$100$0($100)0%$0$6$6N/A$0$0$0N/A$0$0$0N/A

3415Badge Reimbursement$400$150($250)38%$200$290$90145%$200$300$100150%$200$220$20110%

3416Vending Machine Commissions$5,600$5,682$82101%$6,100$6,139$39101%$6,100$5,845($255)96%$6,100$6,403$303105%

3417Telephone Commissions$10,800$8,296($2,504)77%$11,000$5,762($5,238)52%$10,000$7,655($2,345)77%$6,000$8,663$2,663144%

3418Rec of Dir Exp$25,000$23,863($1,137)95%$20,000$13,309($6,691)67%$20,000$68,456$48,456342%$9,800$26,608$16,808272%

3510Interest Earned$500$7,104$6,6041421%$1,000$8,616$7,616862%$1,000$13,365$12,3651337%$8,600$16,496$7,896192%

3521Rental Land$16,800$75,589$58,789450%$21,000$23,851$2,851114%$24,607$17,432($7,175)71%$26,607$25,572($1,035)96%

3522Building Rental$0$2,206$2,206N/A$0$9,062$9,062N/A$0$9,101$9,101N/A$9,000$13,404$4,404149%

3611Sale of Surplus$0$5,100$5,100N/A$0$0$0N/A$0$0$0N/A$0$0$0N/A

3613Sale of Vehicle$0$0$0N/A$0$0$0N/A$0$4,284$4,284N/A$0$0$0N/A

3614Sale of Equipment$0$0$0N/A$0$0$0N/A$0$5,000$5,000N/A$0$0$0N/A

3615Sale of Scrap$0$7,950$7,950N/A$0$0$0N/A$0$0$0N/A$0$0$0N/A

3654Refund & Overpayment$0$0$0N/A$0$0$0N/A$0$32$32N/A$0$271$271N/A

3882Taxes On Use$0$389$389N/A$0$389$389N/A$0$838$838N/A$300$956$656319%

3941Landing Fees$397,087$387,986($9,101)98%$455,494$373,457($82,037)82%$408,000$447,205$39,205110%$408,000$502,688$94,688123%

3942Terminal Bldg O&M$454,497$369,722($84,775)81%$466,810$379,950($86,860)81%$488,977$377,240($111,737)77%$459,459$402,377($57,082)88%

3943Terminal Depreciation$175,987$182,442$6,455104%$175,987$189,932$13,945108%$0$41,554$41,554N/A$0$6,994$6,994N/A

3944Car Rent Parking$18,480$19,340$860105%$18,480$16,114($2,366)87%$18,480$0($18,480)0%$0$0$0N/A

3945Old Terminal$27,338$15,849($11,489)58%$24,600$0($24,600)0%$0$1,352$1,352N/A$0$6,887$6,887N/A

3946Bar/Cafe Commissions$14,000$18,039$4,039129%$16,000$15,974($26)100%$16,000$18,487$2,487116%$16,000$20,395$4,395127%

3947Advertise Rent$28,000$23,573($4,427)84%$25,000$23,098($1,902)92%$25,000$21,775($3,225)87%$35,000$24,646($10,354)70%

3948Pasture Rent$2,000$12,428$10,428621%$2,000$20,369$18,3691018%$2,000$16,138$14,138807%$10,000$6,053($3,947)61%

3949Fuel Sales$13,940$16,959$3,019122%$13,940$16,533$2,593119%$24,600$10,064($14,536)41%$28,500$10,393($18,107)36%

3951Fuel Flowage$25,000$24,740($260)99%$26,000$32,662$6,662126%$26,000$31,963$5,963123%$39,000$34,806($4,194)89%

3952Limo & Park Lot$316,150$253,225($62,925)80%$318,150$326,093$7,943102%$306,150$389,475$83,325127%$325,150$423,751$98,601130%

3954FAA Building$77,000$63,021($13,979)82%$63,000$66,715$3,715106%$39,578$38,160($1,418)96%$39,578$15,355($24,223)39%

3955JetWay Rental$27,900$14,559($13,341)52%$7,320$16,166$8,846221%$7,320$22,300$14,980305%$20,000$29,560$9,560148%

3956Car Rental Commissions$170,000$188,847$18,847111%$190,000$265,628$75,628140%$190,000$576,346$386,346303%$480,000$559,078$79,078116%

3957Gift Shop Commns$3,600$5,119$1,519142%$7,000$4,593($2,407)66%$5,119$4,838($281)95%$5,119$5,814$695114%

3958Passenger Facility Charges$0($1)($1)N/A$0$0$0N/A$0$0$0N/A$0N/A

3959Miscellaneous$2,000$343($1,657)17%$1,500$1,232($268)82%$1,500$1,584$84106%$1,500$1,798$298120%

3984CRP Program$11,040$0($11,040)0%$11,040$0($11,040)0%$11,040$0($11,040)0%$10,000$0($10,000)0%

3992Parking Violations$1,500$1,856$356124%$1,500$2,713$1,213181%$1,500$1,815$315121%$2,500$1,471($1,029)59%

3995Employee Parking$23,120$19,668($3,452)85%$23,000$20,974($2,026)91%$23,000$17,201($5,799)75%$29,480$18,174($11,306)62%

TOTAL REVENUES$2,042,839$2,004,364($38,475)-1.9%$2,116,121$2,061,206($54,915)-2.6%$1,940,048$2,228,796$288,74814.9%$2,030,893$2,213,918$183,0259.0%

YOY Increase in Revenue$2,004,364$2,061,206$56,8422.80%$2,228,796$167,5908.10%$2,228,796$167,5908.10%

&C&24Rapid City Regional Airport3 Year Enterprise Fund Revenue ComparisonFY 1998-2000

Sheet1

Capital Improvement Budget

Waterloo Regional AirportCapital Budget Revenue FY 2003($ 5,267,311)

Chart2

2131401

510000

146000

2479910

FAA Grants$ 2,131,40140%

GO Bonds$ 2,479,91047%

PFC$ 510,0003%

IDOT$ 146,00010%

Sheet1

2,131,401FAA

510,000PFC

146,000IDOT

2,479,910G.O.

5,267,311

&CWaterloo Regional Airport (ALO)Capital Budget Revenues - FY 2002

Sheet1

&C&14Waterloo Regional Airport (ALO)Capital Budget Revenues - FY 2002

IDOT$ 146,00010%

PFC$ 510,0003%

GO Bonds$ 2,479,91047%

FAA Grants$ 2,131,40140%

Sheet2

Sheet3

Airport Capital ImprovementsAirports Extremely Capital IntensiveEntitlement Grants - $ 1,000,000Discretionary Grants - ??Passenger Facility Charge (PFC)State DOT Programs

Airport Master PlanningCritical to long term developmentUpdated every 5 yearsAirport Layout Plan (ALP) 1. Inventory 2. Demand Analysis 3. Airport Facility Requirements 4. Airport Development Alternatives 5. Environmental Review 6. Capital Improvement Plan (CIP)

Issues for Regional AirportsAir ServiceFinancing RevenueCapital ImprovementsMarketing

Air ServiceMaintain & Improve Existing Service More Competitive Fares More Capacity More DestinationsBusiness Retention & development, Tourism, Quality of lifeFinancially Critical 80% Revenues Form Pax

1 RJ Econ impact

Potential Economic Impact to Cedar Valley from: One (1) RJ Upgrade

Expected net new pax to ALO:3,661Assumptions: 1. Proposed service - 1 CRJ Replacement of 1 SF-340 at 65% LF

(Net 16 seat gain / day @ 65% LF)

$4.50PFC/Passenger

$2.00per passengers in parking fees

$0.50per passener in gift shop / food & beverage sales

$3.00per passenger in car rental revenues

$10.00per passenger economic benefit to airport

3,661NWA net new enplaned passengers

$36,608Passenger-related benefit to airport

$5,280Landing Fees ($35/Dept--1 dept/day====>352 ann'l dept - current $ 20

$0Station Rent:

$41,888Direct benefit to airport

Current enplaned passengers base at ALO:55,000

Outbound passengers:30,25055%

Average round-trip air fare:$358

$ paid for air travel by Cedar Valley (000)$10,830

Fare reduction sensitivity due to added service:0.5%1%2%3%4%5%6%7%

New Air Fare due new RJ service=>$356$354$351$347$344$340$337$333

$ paid for air travel by Cedar Valley (000)$10,775$10,721$10,613$10,505$10,396$10,288$10,180$10,071

Cedar Valley Air Fare Savings (000)$54$108$217$325$433$541$650$758

Potential Economic Impact to Cedar Valley from new RJ Air Service (cont.)

Net New Enplaned Passengers:3,661

Average stay:2.5nights(includes non-discretionary travel)

% of new passengers on inbound trips:45%

New enplaned passengers travel to ALO:1,647

Average Hotel rate/day:$60

Food & Beverage per person per day:$30

Tourism spending per person per day:$50

Other spending per person per day:$25

Spending per person per day$165

New spending per person per 2.5-day trip:$413

Economic impact upon Cedar Valley (000):$680

Direct benefit to airport (000):$42

Air Fare Savings (000):$108

Economic impact upon Cedar Valley (000):$680

City sales tax (000):$14

Total (000)$843

Effect of AirTran service

Potential Economic Impact to Waterloo (ALO) from: 2x daily round-trip AirTran service

(106 seat Boeing 717)

Expected net new AirTran pax to ALO:31,328Assumes that Air Tran operates at a 60% LF with each 717 flight and that 70%

of this traffic is net, new incremental traffic ( 89 new pax per day).

$3.00PFC/Passenger

$2.00per passengers in parking fees

$0.50per passener in gift shop / food & beverage sales

$3.00per passenger in car rental revenues

$8.50per passenger economic benefit to airport

31,328AirTran net new enplaned passengers

$266,288Passenger-related benefit to airport

$11,264Landing Fees ($60/Dept--2 dept/day====>704 ann'l dept

$35,000Station Rent:

$312,552Direct benefit to airport

Current enplaned passengers base at ALO:55,000

Outbound passengers:29,70054%

Average round-trip air fare:$358

$ paid for air travel by Waterloo (000)$10,633

Fare reduction sensitivity due to added service:10.0%15%20%25%30%35%40%45%

New Air Fare due new AirTran service=>$322$304$286$269$251$233$215$197

$ paid for air travel by Waterloo (000)$9,569$9,038$8,506$7,974$7,443$6,911$6,380$5,848

Waterloo Air Fare Savings (000)$1,063$1,595$2,127$2,658$3,190$3,721$4,253$4,785

Potential Economic Impact to Waterloo from new Air Tran Service (cont.)

Net New Enplaned Passengers:31,328

Average stay:1.5nights(includes non-discretionary travel)

% of new passengers on inbound trips:46%

New enplaned passengers travel to ALO:14,411

Average Hotel rate/day:$60

Food & Beverage per person per day:$30

Tourism spending per person per day:$50

Other spending per person per day:$25

Spending per person per day$165

New spending per person per 2.5-day trip:$248

Economic impact upon Waterloo (000):$3,567

Direct benefit to airport (000):$313

Air Fare Savings (000):$2,127

Economic impact upon Waterloo (000):$3,567

City Sales Tax (000):$71

Total (000)$6,006

Sheet3

Airport FinancingAirports run in a business-like mannerEnterprise FundCompensatory vs. Residual AgreementsCapital Funding Never Enough (Flexibility) - AIPIssues for Small Airports: 1. Self-Sufficiency 2. Funding Capital Improvements 3. Revenues Related to Pax by 80% 4. Expenses Relatively Fixed

98% of Airport Revenue comes From Airport Users

Chart1

0.1

0.22

0.02

0.35

0.31

&C&"Arial,Bold"&18 98 % of Airport Revenue comes from Airport Users&"Arial,Regular"&10&12U.S. Airport Sources of Revenue, 1999

&LSource:FAA Form 5100-125

98% of Airport Revenue Comes from Airport Users

Sheet1

98 % of Airport Revenue Comes From Airport Users

U.S. Airport Sources of Revenue, 1999

PFCs10%

AIP22%

State & Local Government2%

Rents & Landing Fees35%

Other Passenger-Generated (concessions, parking, rental cars, etc.31%

Sheet2

Sheet3

Capital Improvements

Company Ratio 02) Assets : Operating Revenue

Airlines (NWA) 1 : 1 $ 12,955,000 : $ 9,905,000Utilities (Alliant Energy) 3 : 1 $ 6,247,682 : $ 2,777,340 Airports (ALO) 10:1 $10,000,000 : $ 1, 014,895Capital Intensiveness

FAA Trust FundBeginning 1946 (local)1946-1969 FAAP (Grants 50%-90%)1970 ADAP (Dedicated Funding Source)1982 AIP (Continuation)Last Reauthorization April 2000

FAA Trust Fund (Cont)Trust Fund GreatSmall Airport More Flexibility needed

Airport MarketingImportant to any AirportALO Marketing Plan 1. Testimonials 2. Informative 3. Economic Impact 4. Business Retention & Development, Tourism, Quality of Life

State of Airline Industry

Record LossesRecord LossesBankruptcysLiquidation ??

Drive

2002 Costs for United and Southwest

Cost per ASM(c)*% of Revenue

UAWN%DiffUAWN% Diff

Operating Expense

Labor4.772.8965%49.736.113.6%

Fuel1.291.1116%13.413.8-.4%

Commissions0.280.08250%2.91.01.9%

Maintenance Material0.380.57-33%3.97.1-3.2%

Rents & Landing Fees**1.260.7764%13.19.63.5%

Depreciation0.650.5225%6.76.520.0%

Other***2.791.4889%29.118.410.7%

Total****11.47.4154.0%118.892.526.4%

Cost per available seat mile: not adjusted for stage length

Includes aircraft rents

Purchased services, booking fee, crew hotels, legal services, utilities, communication services, other

Excludes non-recurring or special charges

Note: Based on revenues of UAL=$14,286M(RASM=9.60c)and LUV-$5,522M (RASM=8.02c):; expenses of UA-$16,973M and LUV-$5,104M

&LSource: Merrill Lynch analysis of parent company results

Industry

Airline Cost Index --2Q02

Operating ExpensesIndex (1982=100)Share of Operation Expenses (%)

Labor209.738.4

Fuel69.311.6

Fleet256.910.2

Maintenance Material168.62.5

Passenger Food34.562.3

Commissions34.292.2

Landing Fees214.82.1

Communication133.41.5

Insurance187.21.5

Advertising & Promotion45.41.0

Other*166.826.7

Total Operating Expenses162.4100.0

Interest57.23.0

*Purchased services; non-aircraft, depreciation, and amortization; utilities and office supplies; other

&LSource: ATA Airline Cost Index and DOT Form 41

Human Capital

Networks Must Consider Productive Use of Human Capital

Earnings by Occupation for Paid Hours--U.S. Department of Labor*

RankOccupationHourly EarningsWeekly Hours

1Pilots107.2221.9

2Doctors59.7841.4

21Lawyers38.8739.5

28Math Teachers37.5138.9

33Nuclear Engineers35.2340.0

37Electrical Engineers34.5641.0

38Financial Managers34.2940.4

45Transportation Attendants***32.7320.7

56Computer Scientists30.5240.1

58High School Teachers30.2337.1

61Economists29.6339.7

100Architects24.0839.7

120Aircraft Mechanics, Engine**22.0440.0

130Police and Detectives21.540.0

141Aircraft Mechanics, Non-Engine**20.6440.0

270Firefighters17.2248.1

---NATIONAL AVERAGE17.1339.6

300Truck Drivers13.1341.4

437Waiter and Waitresses3.9536.7

*Calendar Year 2001 U.S. survey of 437 professions

**Includes regional, commuter, and general aviation

***Includes flight attendants

&LSource: BLS National Compensation Survey

Drive

Individually, Business Models Drive a Cost Dichotomy

2002 Costs for United and Southwest

Cost per ASM(c)*% of Revenue

UAWN%DiffUAWN% Diff

Operating Expense

Labor4.772.8965%49.736.113.6%

Fuel1.291.1116%13.413.8-.4%

Commissions0.280.08250%2.91.01.9%

Maintenance Material0.380.57-33%3.97.1-3.2%

Rents & Landing Fees**1.260.7764%13.19.63.5%

Depreciation0.650.5225%6.76.520.0%

Other***2.791.4889%29.118.410.7%

Total****11.47.4154.0%118.892.526.4%

Cost per available seat mile: not adjusted for stage length

Includes aircraft rents

Purchased services, booking fee, crew hotels, legal services, utilities, communication services, other

Excludes non-recurring or special charges

Note: Based on revenues of UAL=$14,286M(RASM=9.60c)and LUV-$5,522M (RASM=8.02c):; expenses of UA-$16,973M and LUV-$5,104M

&LSource: Merrill Lynch analysis of pa

midwest transportation consortium seminar – february 2003

Documents

future service

air service grant

service issues

new rj service

regional jet rj service

increased flight rj

airport budget

air service task force