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Agenda 05/18/2004 W COLLIER COUNTY BOARD OF COUNTY COMMISSIONERS ~ WORKSHOP AGENDA w/AIRPORT AUTHORITY May 18, 2004 9:00 a.m. Donna Fiala, Chairman, District 1 Fred W. Coyle, Vice-Chair, District 4 Frank Halas, Commissioner, District 2 Tom Henning, Commissioner, District 3 Jim Coletta, Commissioner, District 5 NOTICE: ALL PERSONS WISHING TO SPEAK ON ANY AGENDA ITEM MUST REGISTER PRIOR TO SPEAKING. SPEAKERS MUST REGISTER WITH THE COUNTY MANAGER PRIOR TO THE PRESENTATION OF THE AGENDA ITEM TO BE ADDRESSED. COLLIER COUNTY ORDINANCE NO. 2003-53, AS AMENDED, REQUIRES THA T ALL LOBBYISTS SHALL, BEFORE ENGAGING IN ANY LOBBYING ACTIVITIES (INCLUDING, BUT NOT LIMITED TO, ADDRESSING THE BOARD OF COUNTY COMMISSIONERS), REGISTER WITH THE CLERK TO THE BOARD AT THE BOARD MINUTES AND RECORDS DEPARTMENT. REQUESTS TO ADDRESS THE BOARD ON SUBJECTS WHICH ARE NOT ON THIS AGENDA MUST BE SUBMITTED IN WRITING WITH EXPLANATION TO THE COUNTY MANAGER AT LEAST 13 DAYS PRIOR TO THE DATE OF THE MEETING AND WILL BE HEARD UNDER "PUBLIC PETITIONS". ANY PERSON WHO DECIDES TO APPEAL A DECISION OF THIS BOARD WILL NEED A RECORD OF THE PROCEEDINGS PERTAINING THERETO, AND THEREFORE MAY NEED TO ENSURE THAT A VERBA TIM RECORD OF THE PROCEEDINGS IS MADE, WHICH RECORD INCLUDES THE TESTIMONY AND EVIDENCE UPON WHICH THE APPEAL IS TO BE BASED. 1 May 18, 2004 ALL REGISTERED PUBLIC SPEAKERS WILL RECEIVE UP TO FIVE (5) MINUTES UNLESS THE TIME IS ADJUSTED BY THE CHAIRMAN. IF YOU ARE A PERSON WITH A DISABILITY WHO NEEDS ANY ACCOMMODATION IN ORDER TO PARTICIPATE IN THIS PROCEEDING, YOU ARE ENTITLED, AT NO COST TO YOU, TO THE PROVISION OF CERTAIN ASSISTANCE. PLEASE CONTACT THE COLLIER COUNTY FACILITIES MANAGEMENT DEPARTMENT LOCATED AT 3301 EAST TAMIAMI TRAIL, NAPLES, FLORIDA, 34112, (239) 774-8380; ASSISTED LISTENING DEVICES FOR THE HEARING IMPAIRED ARE AVAILABLE IN THE COUNTY COMMISSIONERS' OFFICE. I. Introductory Remarks from Chairman Vasey II. Airports Update: a. Everglades Airpark and Marco Island Executive Airport b. Immokalee Regional Airport c. Florida Tradeport - EDC III. Strategic Plan Update IV. Closing Remarks/BCC Comments 2 May 18, 2004 COLLIER COUNTY AIRPORT AUTHORITY AGENDA MAY 18, 2004 I. Introductory Remarks from Chairman Vasey II. III. IV. Airports Update: a. Everglades Airpark and Marco Island Executive Airport b. Immokalee Regional Airport c. Florida Tradeport.. ...EDC Strategic Plan Update Closing Remarks/ BCC Comments ~ .- '- 0 ...c: +-' ::J c.. « 0 t ..c ~ CO o~o:2 c.. s... 0 0 .~ 0 N - <{Sa:5LL Z" - ~ cii c CO ~ ( ) :J :J CO "'ã.. 0 c: ~ CO O~ Z '- (J) .- - - 0 0 ..-.--- (J) - c.. 0 (J) a.. +-' ...c: 0) .- Q:: (J) ...c: ~ ~ c: aJ 0 ""0 .- (J) +-' (.) '- (J) :J '- +-' .- c.. 0 co ~ 0 (J) 0) z c: .- « (J) aJ . . - .'-- en c: 0 en .- +-' c: co 0 +-' (.) .- +-' (J) .- - c.. co >< 0 w 0 0) 0) c: c: .- .- +-' ""0 +-' (J) - .- C/) ::J aJ . . Dennis P. Vasey, Chairman Collier County Airport Authority A New Direction After eight months as Chairman, a few contentious Authority meetings and strong positive support from the County Manager and his staff, I think the dust is finally starting to settle for Collier County Airport Authority. Within the Authority, changes made to the new Airport Authority Ordinance have rectified deficiencies in communication and coordination with the Board. The Administrative Code was reviewed using Airport Authority Ordinance 2004-3 and has been provided to Authority members, and staff, for review and discussion at our June 14 meeting. Economic development opportunities appear all around us which are being exploited. And your requirement to submit a Five-Year Strategic Business Plan update with our annual budget request will keep the Authority focused on our goals; identify infrastructure requirements to match new economic growth, and keep you, the Board, informed of our progress. I want you to know that the Authority takes its job seriously and, now that the balance of power between the Authority and the Board has rightfully been altered, we have a proper delegation of authority from the Board. Dennis P. Vasey, Chairman Collier County Airport Authority Being Captured By The Right People I believe that the Authority has improved substantially, but that more change is needed. Late last year Chairman Henning recommended that the Authority outsource both aircraft operations and Industrial Park operations at Florida Tradeport. Commissioner Coyle and I met to discuss advertising and talked generally about aviation and economic development functions. It is my belief that the Authority and Economic Development Council are natural partners and that they should develop and manage Industrial Park operations, consistent with FAA and grant provider guidelines; have total responsibility for marketing and economic development of Industrial Park operations at Florida Tradeport. While economic development is a worthy goal, as currently envisioned, it will prevent the Authority from paying down our accumulated debt. Offers of "rent free" facilities, to attract jobs and industry to Collier County, make revenue generation and Authority debt repayment difficult, if not impossible. On the other hand the potential for jobs and industry is a powerful inducement. One Authority member contends that the debt and repayment agreement was among the best county decisions ever made, because it assures that at some future time, when the Authority begins to make profits, the taxpayer will realize a return on this investmentnunlike Naples Airport Authority who retains all profit, with nothing being passed to the City of Naples. While debt repayment is a real obligation, divestiture of a key airport presents some unintended consequences: The imminent transfer of Everglades Airpark to Everglades City, at no cost, requires careful consideration. On the one hand, if Everglades City is to be successful operating the Airpark, they should have an opportunity to breakeven and make money without being saddled with a debt they might not have incurred themselves. On the other hand, it is questionable whether the debt generated by Everglades Airpark in prior years, should still be retained on the Authority ledger-since future Airpark revenues would no longer be available to the Authority to retire that debt. Dennis P. Vasey, Chairman Collier County Airport Authority Setting Expectations I recognize that you're looking for a lean and cost-effective 2005 budget from the Authority and I am committed to reducing the annual county subsidy. Divestiture of Everglades Airpark dem"ands that the Authority reorganize to achieve organizational efficiencies while maintaining a safe, efficient, public purpose, general aviation system. The Authority appointed a budget sub-committee and issued guidance at our last meeting for the sub-committee to make recommendations for cost reductions that will be presented at our June meeting. Building Coalitions Whether we have three airports, or two, I am looking forward to a time when the Authority surges ahead with new ideas for general aviation. Economic development can be a significant engine for our communities and it must be pursued at every opportunity. Not solely by the Authority but in partnership with the Economic Development Council; in a relationship where the Authority provides assistance and extends the Economic Development Council's reach on general aviation matters. Financial considerations must also be addressed and, with your emphasis on Authority debt repayment, we look forward to Board decisions on how to account for the loss in revenue resulting from "free rent" offers at Florida Tradeport and the debt associated with the transfer of Everglades Airpark. Thank you. Board of County Commissioners Departments Division Summary Collier County Airport Authority (495) FY 02103 FY 03/04 FY03/04 FYCW05 FYO4I05 FYCW05 % Actæl ÞåJ[Xed Fcrecast Clm:nt Expm:d Total &x:!get Exp'Rev &x:!get BqyRev Scrvi œ Service &x:!get 0Iange Airport AutOOritv Adrrinisirn!ioo 589,912 625,300 599,6XJ 677,400 0 677,400 8.3% Immkalee Regiarnl Aiqxrt 36),404 516,SW 513,200 546,~ 0 546,SW 5.8% EvergIaœ; AiIpIDc 154,846 147,CXXJ 157,500 179,800 0 179,800 223% Mm:o IsIan:l Fxecutive Airpxt 1,crn,O73 1,030,800 1,165,~ 1,285,CXXJ 0 1,285,CXXJ 24."/% Transfers 121,500 0 0 0 0 0 NA Reserves 0 (34,500) 0 (36,400) 0 (36,400) 5.5% Total AwrnPriations 2,235,735 2,28S,5OO 2,436,200 2,652,700 0 2,652,700 16.1 % Revenues G:n:ral Fm:i 817,100 õ/9,6XJ Œl , (ffJ 690,CXXJ 0 Im,CXXJ 1.5% Fees am Omges 1,580,557 1,672,500 1,854,6XJ 1,~,800 0 1,SW,SOO 13."/% Gants 0 0 0 0 0 0 NA InterestIMsc. 0 0 0 0 0 0 N'A Canyfornard 0 17, (XX) 50,~ 156,'Xû 0 156,SW 8229% Revenœ Reserve 0 (83,(ffJ) 0 (95,<m) 0 (95,CXXJ) 13.6% Total Revenues 2;3~,fbï 2,28S,5OO 2,593,100 2,652,700 0 2,652,700 16.1 % Positions Adninist:ratioo 5.0 5.0 5.0 5.0 0.0 5.0 0.0% Immkalee Regiarnl Aiqxrt 4.0 4.0 4.0 4.0 0.0 4.0 0.0% EvergIads AiIpIDc 1.0 1.0 1.0 1.0 0.0 1.0 0.0% Mm:o IsIan:l Executive AiIpxt 5.0 5.0 5.0 5.0 0.0 5.0 OJWo Part - T nn: Position;; 20 20 20 2.0 0.0 20 Total Positioœ 17.0 17.0 17.0 17.0 0.0 17.0 0.0% Airport Authority Fund (495) Mission Statement: To acquire, establish, construct, enlarge, improve, maintain, equip, and regulate Everglades Airpark, lmmokalee Regional Airport, and Marco Executive Airport per County Ordinance 95-67. To assist with and facilitate Collier County's economic development and diversification programs. Proe:rams: Priority FTE's Total FY 04 Cost Less: Revenues Net Cost Departmental Administration/Overhead To secure and manage new grants; manage and develop the Airport Industrial Park by securing new tenants; manage and develop the three County airports including the establishment of an all cargo u.S. Customs Port of Entry designation and facility, runway extension program, motorsports park program, master plans, environmental master plans, business plan, Authority and BCC agenda items, quarterly newsletter and web page; and administer public relations program, econOlIDC development programs, and market the Industrial Park and three Airports. 6.0 $677,400 $0 $677,400 lmmokalee Regional Airport To secure $334,800 in airport revenues; sell 38,400 gallons of aviation fuel; handle the airport operations, maintenance, safety, security, customer service and enforcement of Federal, State and local airport rules, regulations and laws; and to handle all airport tenant- landlord leases and relations. 2 4.0 $546,900 $334,800 $212,100 Everglades Airpark To secure $82,100 in airport revenues; sell 23,100 gallons of aviation fuel; handle the airport operations, maintenance, safety, security, customer service and enforcement of Federal, State and local airport rules, regulations and laws; and to handle all airport tenant- landlord leases and relations. 4 1.0 $179,800 $82,100 $97,700 Marco Island Executive Airport To secure $1,285,000 m airport revenues; sell 461,100 gallons of aviation fuel; handle the airport operations, maintenance, safety, security, customer service and enforcement of Federal, State and local airport rules, regulations and laws; and handle all airport tenant-landlord leases and relations. 3 6.0 $1,285,000 $1,483,900 ($198,900) Reserves/Transfer/Carrv Forward 0.0 ($36,400) $751,900 ($788,300) Grand Total 17.0 $2,652,700 $2,652,700 $0 Performance Measures Actual FY 03 Forecast FY04 Bude:et FY 05 Gallons of fuel sold - Immokalee 47,413 38,381 38,381 Gallons of fuel sold - Marco 380,301 461,123 461,123 Gallons of fuel sold - Everglades 20,252 23,070 23,070 2 . ~-- ~-"---- Airport Authority (Cont.) Fund (495) Airport Authority Administration FY 02/03 FY 03/04 FY 03/04 FY 04105 FY 04105 FY 04/05 % Actual Adopted Forecast Current Expanded Total Budget Appropriation Unit ExpfRev Budget Exp/Rev Service Service Budget OIange ~ Persona] Services 372,244 371,500 368,300 398,900 0 398,900 7.4% Operating Expenses 214,141 252,000 229,900 278,500 0 278,500 10.5% Capital Outlay 3,527 1,800 1,400 0 0 0 -100.0% Total Appropriations 589,912 . 625,300 599,600 677,400 0 677,400 8.3% Revenues Miscellaneous 71 80,000 0 0 0 0 -100.0% Reirrourrerrent (496) 0 2,000 5.000 0 0 0 -100.0% Reini>ursem:nt (Interdepartrrental) 1,760 1,500 2,000 0 0 0 -100.0% -_..~ ---- Total Revenue 1,831 83,500 7, ()()() 0 0 0 -100.0010 Net Profit/(Cost) (588,081) (541,800) (592,600) (677,400) 0 (677,400) 25.0010 Perrmnent Positions 5.0 5.0 5.0 5.0 0.0 5.0 0.00/0 Part-TItre Positions 1.0 1.0 1.0 1.0 0.0 1.0 0.0010 Total Positions 6.0 6.0 6.0 6.0 0.0 6.0 0.0010 Forecast FY 03/04 - Personal services are lower due to the Administrative Assistant and Grants Technician positions being vacant for part of the year. A decrease of $22, 100 in operating expenses is due to decreases of $4,600 for not implementing a marketing plan contract, $3,000 for reduced out of county travel, $2,500 for not purchasing a cellular telephone for the Director, $2,000 for long distance savings due to changing providers, $1,900 by not purchasing office furniture, $1,800 for not purchasing computer software, $3,500 for only attending one conference instead of four, $1,500 less for repairs to the plane and $1.200 for not purchasing two replacement monitors. Capital outlay decreased due to a lower cost for the replacement Pc. Revenue FY 03/04 - Miscellaneous revenue is forecast to decrease by $80,000 because no suitable bids were received for the sale of the Airport Authority's plane. Current FY 04/05 - Personal services includes $10,100 for salary adjustments. Operating expenses reflect an increased cost of $26,500. Tills was driven by an increased cost of $36,100 for indirect service costs and offset by decreases of $2,000 in savings due to a change in the long distance carrier, $2,500 in savings for repairs to the plane, $1,300 for only one cell phone being requested and savings of $1,400 for minor operating equipment. 3 Airport Authority (Cont.) Fund (495) Immokalee Regional Airport FY 02/03 FY 03/04 FY 03/04 FY 04105 FY 04105 FY 04105 % Actual Adcpted Forecast Olrrent Ex¡md:d Total BOOget ApprqxjarionUnit Exp%:v Btrlget ExpiRev Service Service Budget Omge Personal Services 100,576 182,300 172,100 197,400 0 197,400 8.3% ~~ 259,828 334,tœ 341,100 287,00) 0 287,00) -14.2% CapitJl ClJtIay 0 0 0 62,500 0 62,500 NA -- T otJl Appropriations 3ro,404 5T6,900 513,200 546, 5œ 0 546,5œ 5.8% Revenue: FocI Sales 108,3ro 150,300 97,800 97,800 0 97,800 -34.9% AiIjXJrt FœstMsc. 204,739 187,000 188,700 237,(XX) 0 188,700 0.9% Total Revenue 313,009 337,300 286,500 334,800 0 334,800 -D.7% lli Profit/(ON) (47,305) (179,tœ) (226,700) (212,100) 0 (212,100) 18.1% Perrmœnt PosiriOlJS 4.0 4.0 4.0 4.0 0.0 4.0 0.0% Forecast FY 03/04 - Operating expenses increased by .'56,500. This was due to increased costs of $14,000 for a reimbursement to the Department of Community Affairs for Incubator II, $4,000 for lawn service for the incubator buildings, $5,000 for an engineering contract with Hole Montes, $8,000 for equipment repairs, $1,700 for lawn maintenance equipment and $16,000 for building repairs & maintenance and $2,500 for jet A fueL This was offset by a decrease of $40,500 for A V gas and $5,000 for vehicle maintenance. Revenue FY 03/04 - Revenue is less than budgeted due to decreases of $55,500 in A V gas sales and $11,700 for airport concession fees. These were somewhat offset by an increase of $24,000 for airport lease facilities. Current FY 04/05 - Personal services includes $4,500 for salary adjustments. There are decreases in operating expenses of $12,400 for general insurance, $40,500 for A V gas fuel expense and $8,500 for one-time expenses for appraisals of the airport properties. These expenses were offset by illcrcases of $6,500 for equipment repairs and maintenance and $10,000 for joint costs with the Economic Development Council for marketing and promotion. Capital outlay reflects a request of $10,000 for fencillg, $7,500 tor an access control system. $24,500 to replace the courtesy van, $2,500 for a replacement copier, S 15,000 for a mower deck and $3,000 for a bucket for the tractor. Revenue FY 04/05 - The budgeted revenue is based on decreases of $55,500 ill A V gas fuel sales and $11,700 for airport concession fees. These are otIset by an increase of$5,000 in airport lease facilities. 4 Airport Authority (Cont.) Fund (495) Everglades Airport FY 02/03 FY 03/04 FY 03/04 FY 04/05 FY 04105 FY 04/05 % Actual Adqrted Forecast ClJITent Expanded Total Budget Appropriation Unit E:q)/Rev Budget ExpIRev Service Servi ce Budget Olange Personal Services 57,205 52,200 53,300 54,700 0 54,700 4.8% Operating Expenses 97,641 94,800 104,200 101,600 0 101,600 7.2% Capital CXrt:lay 0 0 0 23,500 0 23,500 NlA Total Appropriations 154,846 147,000 157,500 179,800 0 179,800 22.3% Revenue: Fuel Sales 46,644 50,500 58,800 58,800 0 58,800 16.4% Other Airport Fees 24,291 22,600 22,800 23,300 0 22,800 0.9% Total Revenue 70,935 73,100 81,600 82,100 0 82,100 12.3% Net Profit/(Cœt) (83,911) (73,900) (75,900) (97,700) 0 (97,700) 32.2% Pennanent Positions LO LO LO 1.0 0.0 LO 0.0% Forecast FY 03/04 - Operating Expenses increased by $9,400 due to increases of $7,400 for A V gas, $1,000 for equipment repairs and $1,000 for operating supplies Revenue FY 03/04 - The revenue increases are due to an increase of$8,300 for A V gas fuel sales. Current FY 04/05 - Personal Services includes $1,000 for salary adjustments. Operating expenses are increasing due to increases of 57,400 for A V gas fuel, $2,100 for general insurance and $1,700 for equipment rental to maintain the airfield. These costs are offset by decreases in telephones system support of $1,300, building repairs & maintenance of $2,000 and $600 for clothing and uniform purchases. Capital outlay is increasing due to expenses of $7,500 to control access to the runway, $6,000 to enclose the office and $10,000 for a mower. Revenue FY 04/05 - The budgeted revenue's largest increase is due to an $8,300 increase in A V gas fuel sales. 5 U '-'-'---'- . ~ Airport Authority (Cont.) Fund (495) Marco Island Executive Airport FY 02/03 FY 03/04 FY 03/04 FY 04105 FY 04105 FY 04105 % Actual Aò:pted ForeaISt Clm:m Exp¡rœd Total BOOget A¡::prqJriation Unit Exp'Rev BOOget Exp'Rev Selvíce &:!vice Budget Omge Personal Services 264,655 282,300 253,200 303,900 0 303,900 7.7% ~~ ID,433 741,500 SK)5,7oo 915,tm 0 915,tm 23.5% Capital iliIay 6,985 "], rxJJ 7, rxJJ 65,500 0 65,500 835.7% --- Total Af:p:opriatioœ 1,crn,<J73 1,030,800 1,165,900 1,285,00) 0 1,285,00) 24.7% Revenue: Fuel Sales 1,057,073 1,049,100 1,347,tm 1,347,tm 0 1,347,tm 28.5% Oh:r Allport Fees 137,619 129,500 131,900 13~300 0 131,900 1.9% -- Total Revenue 1,194,692 1,178,(Œ 1,479,500 1,483,900 0 1,483,900 25.9% l'et Profi1l(Cœt) 185,619 147,800 313,(Œ 198,900 0 198,900 34.6% Penmœnt Pœitioœ 5.0 5.0 5.0 5.0 0.0 5.0 0.0% Part-Tun:: Pœitions 1.0 1.0 1.0 1.0 0.0 1.0 0.0"10 --- -- Total Pœitioœ 6.0 6.0 6.0 6.0 0.0 6.0 0.0"10 Forecast FY 03/04 - Forecast operating expenses are higher than budgeted due to increased costs for jet A fuel of $177,400 and $6,000 for equipment repairs and maintenance. This is offset by decreased costs of $6,000 for vehicle repairs & maintenance and $8,500 tor localizer maintenance. Revenue FY 03/04 - Forecast is higher than the adopted budget because Jet-A fuel sales revenue has increased by $304,200. Current FY 04/05 - Personal Services includes $6,600 for salary adjustments. The $174,100 increase in operating expenses is due primarily to an increase in the cost of jet A fuel purchased for resale of $177,400 and collection services due to increased fuel sales of $6,500. These are offset partially by a decrease of $9,700 because of no planned maintenance on the localizer. Capital Outlay consists of $16,000 for building improvements to the reception area and two workstations, $8,000 for. fencing, $22,500 for replacement of the 12 passenger courtesy van, $10,000 tor a GPU, $5.000 tor a golf cart, $2000 for a trailer and $2,000 for a catering box. Revenue FY 04/05 - The revenue increase is largely due to an increase of $304,200 tor airport jet A fuel sales. 6 Adopted FY 04 Expense Gallons Unit Price AvGas 53,732 $1.81 Jet A 8,682 $1.29 Total Expense Cost $97,300 $11,200 $]08,500 Division Summary (Cont.) Collier County Airport Authority Fund (495) Immokalee Airport Airport Authority Fuel Revenue Analysis Forecast FY 04 . Gallons Unit Price AvGas 28,995 $1.96 JetA 9,386 S1.46 Total Expense Revenue Gallons Unit Price Cost Gallons Unit Price AvGas 53,732 $2.43 S130,600 AvGas 28,995 $2.59 Jet A 8,682 $2.27 $19,700 Jet A 9,386 $2.42 Total Revenue $]50,300 Total Revenue Profit Mar~in $4],800 Cost $56,800 $13,700 $70,500 Cost $75,100 $22,700 $97.800 $27,300 Current FY 05 Gallons Unit Price AvGas 28,995 $1.96 Jet A 9,386 $1.46 Total Expense Gallons Unit Price AvGas 28,995 $2.59 Jet A 9,386 $2.42 Total Revenue Cost $56,800 $13,700 $70,500 Cost $75,100 $22,700 $97,800 $27,300 Adopted FY 04 Expense Gallons Unit Price AvGas 20,859 $1.81 Jet A N/A N/A Total Expense Cas! $37,800 N/A $37,800 Revenue Gallons Unit Price AvGas 20,859 $2.42 Jet A N/A N/A Total Revenue Cost $50,500 N/A $50.500 Everglades Airpark Forecast FY 04 Gallons Unit Price AvGas 23,070 $1.96 JetA N/A N/A Total Expense Gallons Unit Price AvGas 23,070 $2.55 Jet A N/A N/A Total Revenue Cost $45,200 N/A $45,200 Cost $58,800 N/A $58,800 Current FY 05 Gallons Unit Price AvGas 23,070 $1.96 Jet A N/A N/A Total Expense Gallons Unit Price AvGas 23,070 $2.55 Jet A N/A N/A Total Revenue Cost $45,200 N/A $45,200 Cost $58,800 N/A $58,800 Profit Margin $12,700 $13,600 Adopted FY 04 Expense Gallons Unit Price A vGas 94,023 $1.81 Jet A 285,756 $1.29 Total Expense Cost $170,200 $368,600 $538,800 Marco Island Airport Forecast FY 04 Gallons Unit Price AvGas 87,165 $1.96. Jet A 373,958 $1.46 Total Expense $13,600 Cost $170,800 $546,000 $7]6,800 Current FY 05 Gallons Unit Price AvGas 87,165 $1.96 Jet A 373.958 $1.46 Total Expense Revenue Gallons Unit Price Cost Gallons Unit Price Cost Gallons Unit Price AvGas 94,023 $2.74 $257,600 AvGas 87,165 $2.89 $251,900 AvGas 87,165 $2.89 JetA 285,756 S2.77 $791,500 Jet A 373,958 $2.93 $1,095,700 Jet A 373,958 $2.93 Total Revenue $1,049,100 Total Revenue $1,347.600 Total Revenue Profit Margin $510,300 $630,800 Cost $170,800 $546.000 $716,800 Cost $251,900 $1,095,700 $],347,600 $630,800 7 --..---..-.-