FY2016 CCDOA Financial Report as of 6302016.pdf - page 71

CLARK COUNTY DEPARTMENT OF AVIATION
CLARK COUNTY, NEVADA
Notes to Financial Statements
For the Fiscal Years Ended June 30, 2016 and 2015
58
June 30, 2016
June 30, 2015
(000)
(000)
Restricted for capital projects:
Cash and investments - PFC and other bond proceeds
82,452
$
88,217
$
Cash and investments - PFC
49,507
35,816
Accounts receivable - PFC
8,974
8,742
Grant reimbursements receivable
320
19,635
Interest receivable
644
589
Subtotal restricted for capital projects
141,897
152,999
Restricted for debt service:
Bond funds:
Cash and investments - PFC bonds
55,141
54,241
Cash and investments - other bonds
227,282
174,889
Subtotal restricted for bond funds
282,423
229,130
Debt service reserves:
Cash and investments - PFC bonds
77,797
76,510
Cash and investments - other bonds
92,351
91,871
Subtotal restricted for debt service reserves
170,148
168,381
Subordinate and other debt coverage reserves:
Cash and investments
36,811
36,394
Interest receivable
46
-
Other receivable - Jet A Fuel Tax
1,962
1,774
Subtotal restricted for subordinate and other debt coverage reserves
38,819
38,168
Subtotal restricted for debt service
491,390
435,679
Other restricted assets:
Cash and investments - Working capital and contingency
19,833
19,531
Cash and investments - Capital fund
43,498
44,358
Land - Heliport facility
3,718
3,718
Land - Henderson runway
9,300
9,300
Subtotal other restricted assets
76,349
76,907
Total restricted assets
709,636
$
665,585
$
Restricted assets by class:
Total current assets
649,680
$
500,679
$
Total capital assets
13,018
13,018
Total non-current assets
46,938
151,888
709,636
$
665,585
$
Restricted assets for FY 2016 increased by $44.1 million over FY 2015, due mostly to the use of
unrestricted assets to fund the full redemption of the Non-AMT Airport System Subordinate Lien Revenue
Bonds. See Note 17, “Subsequent Events,” for further details.
1...,61,62,63,64,65,66,67,68,69,70 72,73,74,75,76,77,78,79,80,81,...169
Powered by FlippingBook