FY2016 CCDOA Financial Report as of 6302016.pdf - page 121

CLARK COUNTY DEPARTMENT OF AVIATION
CLARK COUNTY, NEVADA
Notes to Financial Statements
For the Fiscal Years Ended June 30, 2016 and 2015
108
The following schedule details the unamortized gains on bond refundings.
Unamortized Gains on Refunded Bonds
As of June 30, 2016 and 2015
June 30, 2016
June 30, 2015
(000)
(000)
2008 Series D-1
64
$
73
$
2008 Series E
2
32
2013 Jet A Fuel Tax Series A
2,108
2,486
2014 Series A-1
1,231
1,838
2015 Series A
1,039
1,086
Total unamortized gains on refunded bonds
4,444
$
5,515
$
12.) PAYMENTS TO CLARK COUNTY
The Department reimburses the County for providing the Airport System with fire services,
police services, legal services, administrative services, and certain maintenance services
based on its actual cost. The total amounts billed for these services were $33.5 million and
$33.2 million for the fiscal years ended June 30, 2016 and 2015, respectively.
13.) COMMITMENTS AND CONTINGENCIES
(a) Federal Grants
As of June 30, 2016, the County had remaining commitments for grant awards from the FAA of
$7.7 million for land acquisitions and certain other airport improvements. Such funds are
generally available for reimbursement upon the acquisition of the specific asset or upon the
incurrence of costs for a project and are accrued as receivables at that time.
(b) Construction in Progress
As of June 30, 2016, the Department’s management estimates that construction in progress will
require an additional outlay of approximately $210.0 million to bring related projects to
completion.
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