FY2016 CCDOA Financial Report as of 6302016.pdf - page 26

13
Passenger Airline Costs
For the Fiscal Years Ended June 30, 2016 and 2015
FY 2016
FY 2016 vs.
FY 2016
FY2016
FY 2015
Actual vs.
FY 2015
Actuals
Budget
Actuals
Budget
Actuals
Airline Cost Category
(000)
(000)
(000)
(000)
(000)
Landing fees
50,905
$
50,641
$
54,342
$
264
$
(3,437)
$
Terminal building rentals
160,972
162,452
156,760
(1,480)
4,212
Gate use fees
26,874
24,943
24,682
1,931
2,192
Passenger fee - Ticketing & CIT
19,096
18,543
18,080
553
1,016
Total airline rental and fee revenue
257,847
$
256,579
$
253,864
$
1,268
$
3,983
$
Enplaned passengers
23,343
22,012
21,879
1,331
1,464
Cost per enplaned passenger
11.05
$
11.66
$
11.60
$
(0.61)
$
(0.55)
$
Overview of Financial Statements
The Department's financial statements are prepared using the accrual basis of accounting; therefore, revenues are
recognized when earned, and expenses are recognized when incurred. Capital assets resulting from projects are
capitalized when substantially complete and depreciated over their estimated useful lives. Refer to Note 1,
"Summary of Significant Accounting and Reporting Policies," for a summary of the Department’s significant
accounting policies. Following this MD&A are the financial statements, notes to the financial statements, required
supplementary information ("RSI"), and supplementary schedules of the Department. These statements, notes, RSI,
and schedules, along with the MD&A, are designed to provide readers with an understanding of the Department’s
financial position.
The Statements of Net Position presents information on all the Department’s assets, deferred outflows of resources,
liabilities, and deferred inflows of resources as of June 30, 2016 and 2015. The Statements of Revenues, Expenses,
and Changes in Net Position presents financial information showing how the Department’s net position changed
during the fiscal years ended June 30, 2016 and 2015. The Statements of Cash Flows relates the inflows and outflows
of cash and cash equivalents as a result of the financial transactions that occurred during these two fiscal years
and also includes a reconciliation of operating income to net cash provided by operating activities.
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