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Proposed 2014 Capital Budget, 2015 -2024 Capital Forecast, and 2014 Operating Budget

Niagara District Airport Commission is pleased to present :. Proposed 2014 Capital Budget, 2015 -2024 Capital Forecast, and 2014 Operating Budget. Presented by: Terry Flynn Airport Commission Treasurer. Proposed 2014 Capital Budget, 2015 -2024 Capital Forecast, and 2014 Operating Budget.

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Proposed 2014 Capital Budget, 2015 -2024 Capital Forecast, and 2014 Operating Budget

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  1. Niagara District Airport Commission is pleased to present : Proposed 2014 Capital Budget, 2015 -2024 Capital Forecast, and 2014 Operating Budget Presented by: Terry Flynn Airport Commission Treasurer

  2. Proposed 2014 Capital Budget, 2015 -2024 Capital Forecast, and 2014 Operating Budget Steps: • July/August 2013 – Establish the Fixed Asset Management Program • August 2013 – Establish the Working Capital Expenditure 10 year projection • September 19 – Presented Fixed Asset Management program, Working Capital Expenditure 10 year projection to the Airport Commission • October 10 – Presented Capital and Operating Budget to the Airport Commission for Approval • October 15 – Approved Capital and Operating Budget presentation to the Airport Liaison Committee • October 21 – Presentation of Capital and Operating Budget to City of St. Catharines and the Town of Niagara on the Lake Councils • October 22 - Presentation of Capital and Operating Budget to the City of Niagara Falls Council

  3. Proposed 2014 Capital Budget, 2015 -2024 Capital Forecast, and 2014 Operating Budget Improvements to the Capital Budget Process: • Year 2014 working with new Financial Management System: • Fixed Asset Management Program • Working Capital Expenditure 10 year projection • Improved Operating Budget Layout

  4. Proposed 2014 Capital Budget, 2015 -2024 Capital Forecast, and 2014 Operating Budget It is respectfully recommended: • 2014 Proposed Capital Budget: $355,000 • Capital Forecast 2015 to 2024: $1,941,000 • 2014 Proposed Operating Budget: $287,000 • One-Time for Airport Planner: $130,000

  5. Proposed 2014 Capital Budget, 2015 -2024 Capital Forecast, and 2014 Operating Budget Capital Project Status Report: • Transparency: • Outstanding/Upcoming Projects • 9 projects to be completed in 2014 • 22 projects from 2015-2024

  6. Proposed 2014 Capital Budget, 2015 -2024 Capital Forecast, and 2014 Operating Budget Proposed 2014 Working Capital Expenditure: • $355,000 consists of 9 projects

  7. Proposed 2014 Capital Budget, 2015 -2024 Capital Forecast, and 2014 Operating Budget Proposed 2014 Capital Projects:

  8. Proposed 2014 Capital Budget, 2015 -2024 Capital Forecast, and 2014 Operating Budget Proposed 2015 - 2024 Capital Forecast: • $1,974,000 and 22 projects

  9. Proposed 2014 Capital Budget, 2015 -2024 Capital Forecast, and 2014 Operating Budget Proposed 2015 – 2024 Capital Forecast:

  10. Proposed 2014 Capital Budget, 2015 -2024 Capital Forecast, and 2014 Operating Budget 2014 Operating Budget:

  11. Proposed 2014 Capital Budget, 2015 -2024 Capital Forecast, and 2014 Operating Budget Contribution to achieve Capital Budget and Forecast:

  12. Proposed 2014 Capital Budget, 2015 -2024 Capital Forecast, and 2014 Operating Budget Municipal Contribution to support 2014 Operating Budget (2% increase):

  13. Proposed 2014 Capital Budget, 2015 -2024 Capital Forecast, and 2014 Operating Budget One-Time Airport Planner: • Develop future infrastructure plan to accommodate international flights • Develop an Airport Master Plan • Southwest Aviation Development Plan • Potential cost savings by hiring 1 planner for 3 projects

  14. Proposed 2014 Capital Budget, 2015 -2024 Capital Forecast, and 2014 Operating Budget One-Time Municipal Contribution to Support Airport Planner:

  15. Proposed 2014 Capital Budget and 2014 -2024 Capital Forecast Continuity Schedule for Capital Reserve:

  16. Projected 2025 -2035 Capital Requirements

  17. Proposed 2014 Capital Budget, 2015 -2024 Capital Forecast, and 2014 Operating Budget It is respectfully recommended: • 2014 Proposed Capital Budget: $355,000 • Capital Forecast 2015 to 2024: $1,941,000 • 2014 Proposed Operating Budget $287,000 • One-Time for Airport Planner: $130,000 Niagara Falls Contribution:

  18. Proposed 2014 Capital Budget, 2015 -2024 Capital Forecast, and 2014 Operating Budget It is respectfully recommended: • 2014 Proposed Capital Budget: $355,000 • Capital Forecast 2015 to 2024: $1,941,000 • 2014 Proposed Operating Budget $287,000 • One-Time for Airport Planner: $130,000 St. CatharinesContribution:

  19. Proposed 2014 Capital Budget, 2015 -2024 Capital Forecast, and 2014 Operating Budget It is respectfully recommended: • 2014 Proposed Capital Budget: $355,000 • Capital Forecast 2015 to 2024: $1,941,000 • 2014 Proposed Operating Budget $287,000 • One-Time for Airport Planner: $130,000 Niagara-on-the-Lake Contribution:

  20. Thank You! • Questions? Comments?

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