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10-11-2012 Meeting Cancelled I""~ M~EETING CANCELLA TION NOTICE /fC~ The regular monthly meeting of the Peachtree City Airport Authority scheduled for October 11, 2012, has been cancelled. The next regularly scheduled meeting will be held on Thursday, November 8, 2012. ~ OctPreliminFinan2012 Oct 11 Sep 12 Ordinary lneome/Expense ~. Income 4000. COmmercial User Fees 6.824.00 7,637.88 4DIO. Hangar Leases 4011 . T~Hangar - leases 8,879.00 8,461.00 4012. Tre-Down leCises 2,276.00 3,070.00 4013. Private Hangars. leases 12,085.00 12,139.00 4014. FBO Hangar/TBox~ leases 7,645.00 10,355.00 Total 4010 . Hangar leases 30,885.00 34,025.00 4015 . late fees 4016 . Offke Rental 1.770.00 2,942.00 4017. Other 4019. Rental Car Commission 9a9S 1,410.24 4022 . Fuel Sales Jet 157,247.43 91,795.18 5022 . Jet Fuel Cost (113.835.40) (65,156.60) Profit ~ Jet Fuel 43,412.03 26,638.58 4023. Fuel SalesAvgas 72,198.00 54,839.70 5012. Avgas Fuel Cost (61,987.31) (43,873.29) Profit - Avgas 10,210.69 10,966.41 4025 . Overnight TIe Down Rental 98.00 96.00 4026 . F80 Hangar Overnight Rental 617.00 1,228.00 4027 . Pltot Supplies Sales 256.26 161.55 5002 . Pilot Supplies Cost (199.92) (433.32) Profit - Pilot SUpplieS 56.34 (271.77) 4028. Catering 79.50 93.87 S042 . Catering Cost (68.87) Profit ~ Catering 79.50 25.00 4035. Aircraft Oil Sales 116.50 299.25 5032 . Aircraft 011 Cost (87.85) (221.97) Profit. Aircraft Oil 28.65 77,28 4070. Air show Reimbursment 6,803.70 7100. Airshow Expenses (6,803.70) (45432) Profit - Airshow (454.32) 4999. Miscellaneous Income 397.88 8,202.04 Net Revenue Before Grant Money 94.418.04 92.522.34 4055 . Federal AlP Grant (1,257.00) 4056. Fed ARM Grant 4060. State AlP Grant 4061. State APO/Other (23,883.00) Total Grant Money (25,140.00) t Revenue Including Grant Money 94,478.04 67,382.34 Expense 5100. Advertising/Marketing 5101. Airport 850.00 364.00 Total 5100. Advertising/Marketing 850.00 364.00 5230- Tra....eljEntertainment/Trainlng 5231, Airport 387.32 175.20 Total 5230. Travel/Entertainment/fraining 387.32 115.20 6100. Auto & Truck 6101. Airport 879.81 804.38 Total 6100 . Auto & Truck 879.81 804.38 6120. Bank Service Charges 6121, Theft/lo5S 6132 . Credit Card Processing Fees 5,747.21 3,595.08 6110. Dues & Subscriptions 6171. Airport 41.66 114.59 Total 6170. Dues & Subscriptions 41.66 114.59 6200 . Insurance - General Uability 6201 . Airport 603.87 603.83 Total 6200. msurance - General Uability 603.87 603.83 6205 . Insurance-Professional Uab. 303.25 303.35 6210. Insurance ~ Property 476.00 1,069.35 6220. Insurance - Auto 429.24 429.16 6230. lnsurance-Emp. Theft 6240, Insurance - Employee Group 6244 . Employer Paid Medical 2,112.75 943.71 rotal 6240. Insurance ~ Employee Group 2,112.75 94:!.71 6250. Insurance ~ Workers Camp. 6251 . Airport 655.95 (452.44) Total 6250 . Insurance - Workers Comp. 655.95 (452.44) 6260 . Uniforms 6261 . Airport Total 6260 . Uniforms 6270, Professional Fees ~ 6271 . legaVContract/Consulting 1,933.00 (5,321.331 6272. Accounting fees 2,000.00 (8.918.75) Total 6270 . ProfessionaJ Fees 3,933.00 (14,240.08) 6280 . Emplovee Expenses 6281 . Airport 5.50 46.22 Total 6280 . Employee Expenses 5.50 46.22 6340. Postage Expense 6341. Airport 39.41 12.75 Total 6340 . Postage Expense 39.41 12.75 6352 . fuel Farm Maintenance 6362 . Fuel Truck Rent 1,600.00 6380 . Repairsl Maintenance!SmallEqulp PEACHTREE CITY AIRPORT AUTHORITY PROFIT/LOSS PERFORMANCE OCTOBER OeU2 ...... 5"""_ " Variance 6,268.46 6,826.00 (557.54) -8.2% 8,461.00 9.466.00 (1,005.00) ~ 10.6% 3,122.00 2,437.00 685.00 28.1% 12,139.00 12,139.00 0.0% 10,556.75 8.955.00 1,601.75 17,9% 34,278.75 32,997.00 1,281.75 3.9% 0.0% 2,942.00 2.942.00 0.0% 0.0% 150.00 (150.00) -100.0% 53,076.54 64.749.00 (11,672.46) -18.0% (37,532.90) (47,123.00) 9,590.10 -20.4% 15.$43.64 17.626.00 (2,082.36) -11.8% 63.972,37 51,660.00 12.312.37 23.8% (55,027.31) (44,344.00) (10,683.31) 24.1% 8,945.06 7,316.00 1,629.06 22.3% 224.00 100.00 124.00 124.0% 9;13.00 650.00 263.00 40.5% 230.n 335.00 (104.23) -31.1% (179.84) (262.00) 82.16 ~31.4% 50.93 73.00 (22.07) -30.2% 165.00 (165.00) -100.0% (122.001 122.00 -100.0% 43.00 (43.00) -100,0% 186.40 15800 28.40 18.0% (130.40) (119.00) (11.40) 9.6% 56.00 39.00 17,00 43.6% 0.0% 0.0% 0.0% 1.100.22 550.00 550.22 100.0% 70,322.06 69,312-00 1,010.06 1.5% 0.0% 0.0% 0.0% 0.0% - 0.0% 70,322.06 69,312.00 1,010.06 1.5% 394.96 SOIl.OO (105.04) -21.0% 394.96 SOIl.OO (105.04) -21.0% 2,030.00 2.030.00 0.0% 2.030.00 2,030.00 0.0% 790.12 825.00 (34.88) -4.2% 790.12 825.00 (34.88) ~4.2% 0.0% 3.143.95 3,226.00 (82.05) ~2.S% 290.00 211.00 79.00 37.4% 290.00 211.00 79.00 37.4% n4.67 BOO.OO (75.33) -9.4% 724.67 800.00 (75.33) ~9.4% 333.59 305.00 28.59 9.4% 594.67 476.00 118.67 24.9% 438.59 450.00 (11.41) -2.S% 0.0% 1,341.44 1,341.00 0.44 0.0% 1,341.44 1.,341.()() 0.44 0.0% 870.19 882.00 (11.81) -L3% 870.19 882.00 (11.81) -1.3% 0.0% 0.0% 1.500.00 l.soo.00 0.0% 1.875.00 1,875.00 0"'" 3,375.00 3.375.00 0.0% 50.00 (SO.OO) -100.0% 50.00 (50.00) -100.0% 52.00 (52.00) -100.0% 52.00 (52.00) -100.0% 0.0% 0.0% O<t 12 YTO""" $"""_ "Variance 6,26846 6,826.00 (557.54) -8.2% 8,46LOO 9,466.00 (1,0IlS.00) -10.6% 3,122.00 2,437.00 685.00 28.1% 12,139.00 12,139.00 0.0% 10,556. 75 8.955.00 1,601.75 17.9% 34,278. 7S 32,997.00 1,281.75 3.9% 0.0% 2,942.00 2.942.00 0.0% 0.0% 150.00 1150.00) -100.0% 53.076.54 64,749.00 (11,672.46) -lS,(J% (37,532.90) (47,123.00) 9,590.10 .20.4% 15,543.64 17.626.00 (2,082.36) -11.8% 63.972.37 51,660.00 12,312.37 23.8% (55,027.31) (44,344.001 (10,683.31) 24.1% 8,945.06 7,316.00 1,629.06 22.3% 224.00 100.00 124.00 124.0% 913.00 650.00 263.00 40.5% 230.77 335.00 (104-23) -31.1% (179.84) (262.00) 82.16 -31.4% 50.93 73.00 (22.07) -30.2% 165.00 (165.00) ~1{X).()% (122.00) 122.00 -100.0% 43.00 (43.00) -100.0% 186.40 158.00 28.40 18.0% 1130.40) (119.00) (11.401 9.6% 56.00 39.00 17.00 43.6% 0.0% 0.0% 0.0% 1,100.22 550.00 550.22 l00.O'Jb 7O,32Z.06 69,312.00 1.010.06 1.5% 0.0% 0.0% 0.0% - 0.0% 0.0% 70,322.06 69,3U.OO 1,010.06 1.5% 394.96 500.00 (105.04) -21.0% 394.96 500.00 1105.04) -21.0% 2.030.00 2,030.00 0.0% 2,030.00 2,030.00 0.0% 790.12 825.00 (34.88) -4.2% 790.12 825.00 (34.88) -4.2% 0.0% 3,143.95 3,226.00 (82.05) ~2.S% 290.00 211.00 79.00 37.4% 290.00 211.00 79.00 37.4% 724.67 800.00 (75.33) -9.4% 724.67 800.00 (75.33) ~9.4% 333.59 305.00 28.59 9.4% 594.67 476.00 118.67 24.9% 438.59 450.00 (11.41) -2.5% 0.0% 1,341.44 1,341.00 0.44 0.0% 1,341.44 1,341.00 0.44 0.0% 870.19 882.00 (11.81) -1.3% 870.19 882.00 (11.81) -1.3% - 0.0% 0.0% l.soo.00 1.500.00 0.0% 1,875.00 1.875.00 0.0% 3,375.00 3,375.00 0.0% 50.00 (50.001 -100.0% SO.OO (50.00) -100.0% 52.00 (52.001 -100.0% 52.00 (52.00) -100.0% 0.0% 0.0% 11/8/20128,49 AI ................ "...... 81,912.00 7.7% 113,592.00 7.4% 29,244.00 10.7% 145,668.00 8.3% 101.460.00 9.8% 395,964.00 8.7% 0.0% 35,304.00 8.3% 0.0% 1,BOO.00 0.0% 770,771.00 6.9% (560.952.00) 6.7% 209.819.00 7.4% 582.028.00 11.0% (499,577.00) 11.0% 82,451.00 10.8% 1,200.00 18.7% 7,800.00 11.7% 4.020.00 5.7% (3,144.00) 5.7% 876.00 5.8% 1,980.00 0.0% (1,464.00) 0.0% 516.00 0.0% 1,896.00 9.8% (1,42B.00) 9.1% 468.00 12.0% 0~00(j 0.0% 0.0% 6,600.00 16.7% 824.110.00 8.S% 0.0% 0.0% 0.0% 0.0% 0.0% 824,710.00 8.5% 6,000.00 6.6% 6.000.00 6.6% 4,240.00 47.9% 4,240.00 47.9% 9.900.00 8.0% 9,900.00 8.0% 0.0% 38.,42.7.00 8.2% 2,717.00 10.7% 2,717.00 10.7% 9,591.00 7.6% 9.591.00 7.6% 3,660.00 9.1% 5,7U.OO 10.4% 5.400.00 8.1% 175.00 0.0% 19,437.00 6.9% 19,437.00 6.9% 11,555.00 7.5% 11,555.00 7.5% 1,700.00 0.0% 1.700.00 O.O"A. 18,000.00 8.3% 22,SOIl.OO 8.3% 4O,SOIl.00 8.3% 600.00 0.0"..6 600.00 0.0% 624.00 0.0% 674.00 0.0% 0.0"..6 0.0% 10 OctPreliminFinan2012 Oct 11 5ep 12 6381 . Airport 6,245.89 1.873.72 ~ Total 6380 . RepairsfMaintenancejSmallEquip 6,245.89 1,873.72 6440. Office Supplies 6441. Airport 355.59 108.92 Total6440. Office Supplies 355.59 108.92 6450. Office Expense 6451. Airport 1.100.42 1,025.29 Total 6450 . Office Expense 1,100.42 1,025.29 6460 ' Shop Supp1ies 6461 . Airport Total 6460 . Shop Supplies 652.0. Telephone 6521 . Airport 733.97 1,On.02 Total 6520 . Telephone 733.97 1,077.02 6530. Utilities 6531 . AU-port 7,588.29 5.938.42 1.956.15 Total 6530 . Utilities 7,588.29 7.894.57 6550 . Payroll Expense G480. Taxes - Payroll 1,857.41 3,101.67 6560. Salaries & Wages 6561 . Airport 31,114.76 32,726.61 6562 . F8D 6565. IRA 264.34 404.68 6560. Salaries & Wages ~ Other 23.20 Total 6560. Salaries & Wages 31,379.10 33,154.49 6569 . Accrued Payroll Expense 4,381.34 7,372.00 Total 6550 . Payroll Expense 37,617.85 43,.628.16 Total Expense 71.706.98 49,376. 78 Net Ordinary Income Including Grants 22,771.06 U,OOS.56 Other Income/Expense Other Income 4050. Hotel/MotelTax 4051 . Hotel/Motet Tax - Ops 9,150.00 12.400.00 Total40S0. Hotel/Motel Tax 9,150.00 12,400.00 7030. interest Earned 7031. General Acct. Interest 7030. Interest Earned - Other 1.85 (20.05) Total 7030 . Interest Earned 1.85 (20.05j ~ ~I Other Income 9,151.85 12.379.95 er Expense 6010. Amortization 41.00 49.00 6020. Depredation Expense 85.000.00 63,310.27 7025. Unbudgeted Expense 724.52 7035. Debt Service ~ Interest 7040. Loan Interest long Term 1,725.68 '-'59.16 7041. loan-Interest Short Term Total 7035 . Debt Service ~ Interest 1,725.68 1.-459.16 Total Other Expense 93,570.38 65,997.27 Net Other Income (84-"&531 (53,617.32) Net Income Including Grants and Amort/Depree. (54,843.77) (35,157.44) less: Grant Monev 4055. Federal A1PGrant (1,257.00) 4056 . Fed ARM Grant 4060. State AlP Grant 4061 . State APO/Other (23,883.00) Total Grant Money (25,140.00) Plus: Amortization & Depreciation 6010. Amortization 41.00 49.00 6020. Depreciation Expense 85,000.00 63,310.27 Total Amortization & Depreciation 85,041.00 63,359.27 NET INCOME FROM OPERATIONS 30,191.23 53,341,83 PEACHTREE CITY AIRPORT AUTHORITY PROFIT/lOSS PERFORMANCE OCTOBER 11/8/20128:49 A Oct:l2 "'- 5...... "'- " Varianee 4,448.85 4,375.00 73.85 1.7% 4,448.85 4,375.00 73.85 1.7% 318.71 409.00 (90.29) -22.1% ~18.71 409.00 (90.29) .22.1% 952.76 825.00 127.16 15.5% 952.76 825.00 127.76 15.5% 0.0% 0.0% 826.70 825.00 1.70 0.2% 826.70 825.00 1.70 0.2% 5,230.15 4,582.00 648.15 14.1% 1,956.15 1,760.00 196.15 11.1% 7,186.30 6,342.00 844.30 13.3% 2,580.38 2,340.00 24038 10.3% 0.0% 31,198.21 30,587.00 611.21 2.0% O.tm 426.18 400.00 26.18 6.5% 11.60 20.00 (&40) 42.0% 31,635.99 31.007.00 628.99 2.tm 4,409.00 5,377.00 (96&00) -18.0% 38.625.37 .38,724.00 (98.63) -0.3% 66,685.87 66.023.00 662.87 1.0% 3,636.19 3,289.00 347.19 10.6% 8,500.00 8.soo.00 0.0% 8,500.00 8.soo.00 0.0% 1.79 1.00 0.79 0.0% 1.79 1.00 0.79 79.0% 8,501.19 8,501.00 0.79 0.0% 42.00 41.00 1.00 2.4% 59,953.00 62,000.00 (2,047.00) -3.3% 0.0% 1,508.06 1,500.00 8.06 0.5% 0.0% 1,508.06 1,500.00 8.06 0.5% 61,503.06 63,541.00 (2,037.94) .3.2% (53,001.27) (55,040.00) 2,038.73 -3.7% 149 365.08) 151,751.00) 2,385.92 4.6% 0.0% 0.0% 0,(1% 0.0% 0.0% 42.00 41.00 1.00 2.4% 59.953.00 62,000.00 (2,047.00) .3.3% 59,995.00 62,041.00 (2,046.00) .3.3% 10,629.92 10,290.00 339.92 3.3% Oct 12 VTO "'- 5...... "'- " Variance 4,448.85 4,375.00 73.85 1.7% 4,44&85 4,375.00 73.85 1.7% 318.71 409.00 (90.29) -22.1% 31871 409.00 (90.29) -22.1% 952.76 825.00 127.76 15.5% 952.76 825.00 127.76 15.5% 0.0% 0.0% 826.70 825.00 1.70 0.2% 826.70 825.00 1.70 0.2% 5,230.15 4,582.00 648.15 14.1% 1,956.15 1,760.00 196.15 IL1% 7.186.30 6,342.00 844.30 13.3% 2,580.38 2,340.00 240.38 10.3% 0.0% 31,198.21 30,587.00 611.21 2.0% 0.0% 426.18 400.00 26.18 6.5% 11.60 20.00 (8.40) 42.0% 31,635.99 31,007.00 628.99 2.0% 4,409.00 5,3n.00 (968.00) -18JJ% 38,625.37 38,724.00 (98.63) -0.3% 66,685.87 66,023.00 662.87 1.0% 3,636.19 3,289.00 347.19 10.6% 8.soo.00 8.soo.00 0.0% 8,500.00 8.soo.00 0.0% 1.79 1.00 0.79 0.0% 1.79 1.00 0.79 79.0% 8,501.79 8,501.00 0.79 0.0% 42.00 41.00 1.00 2.4% 59,953.00 62.000.00 (2,047.00) .3.3% 0.0% 1,508.06 1,500.00 &06 0.5% 0.0% 1,508.06 1,500.00 8.06 0.5% 61,503.06 63.541.00 (2,037.94) -3.2% (53.001.27) (55,040.00) 2,038.73 .3.7% /49,365.081 151,751.00) 2~385.92 -4-6% 0.0% 0.0% 0.0% 0.0% 0.0% 42.00 41.00 1.00 2.4% 59,953.00 62,000.00 (2,047.00) .3.3% 59,995.00 62,041.00 (2,046.00) -3.3% 10,629,92 10.290.00 339.92 3.3% ........"'- "Budget 52,500.00 8.5% 52,500.00 8.5% 4,900.00 6.5% 4,900.00 6.5% 9,900.00 9.6% 9,900.00 9.6% 0.0% 0.0% 9,900.00 8.4% 9,900.00 8.4% 66,684.00 7.8% 21.120.00 9.3% 87,804.00 8.2% 32,523.00 7.9% 0.0% 425,136.00 7.3% 0.0% 4,800.00 8.9% 240.00 4.8% 430,176.00 7.4% 1,506.00 292.8% 464,205.00 8.3% 189.447.00 8.4% 35.263.00 10.3% 102,000.00 8.3% 102,000.00 8.3% 12.00 0.0% 12.00 14.9% 102.012.00 8.3% 492.00 8.5% 744,000.00 8.1% 0.0% 18,000.00 8.4% 0.0% 18,000.00 &4% 762,492.00 8.1% (660.480.00) 8.0% (625,217.00) 7.<r% 0.0% 0.0% 0.0% 0.0% 0.0% 492.00 8.5% 744,OCO.OO &1% 744,492.00 &1% 119,275.00 8,9% .**"'..................................."''''...'''..........."'................................................................ll<................................"'......."'....."'.................. ........,................"''''............... MEMO iNFORMATION: Total Revenue/rom Operations Fuel Revenue Fuel Revenue as % of Total Operating Revenue % Profit Margin on Jet Fuel % Profit Margin on AvGas 277,392.22 202,730.71 163,192.51 161,282.00 1.910.51 229,445.43 146,634.88 117,048.91 116,409.00 639.91 82.7% 72,3% 71.7% 72.2% 38.1% 40.~ 41.4% 37.4% 16.5% 25.0% 16.3% 16.5% 8.1% ~ 1.2% 163,192.51 161,282.00 1..910.51 0.5% 117,048.91 116,409,00 639.91 71,7% 72.2% 41.4% 37.4% 16.3% 16.5% 1.2% 8.6% 1,891,275.00 0.5% 1,352..,799.00 71.5% 20f2 11107/12 Peachtree City Airport Authority Balance Sheet Prey Year Comparison As of October 31, 2012 Oct 31, 12 Sep 30,12 $ Change ~ ASSETS Current Assets Checking/Savings 1000 . General Fund Account 0.00 156,118.28 (156,118.28) 1001 . General Fund 162,718.16 (892.04) 163,610.20 1002 . Reserve Account 538,228.04 563,168.07 (24,940.03) 1005 . Grant Account 294.55 294.55 0.00 1008. Falcon Field Veterans Memorial 44,378.28 47,546.98 (3,168.70) Total Checking/Savings 745,619.03 766,235.84 (20,616.81) Accounts Receivable 1100' Accounts Receivable 45,449.39 38,759.70 6,689,69 1104' Prepaid Accounts Receivable 18,450.79 18,341.22 109.57 1105 . AIR Loans/Other 1,062.50 1,062.50 0.00 Total Accounts Receivable 64,962.68 58,163.42 6,799.26 Other Current Assets 1080 . Petty Cash 500.00 500.00 0.00 1101 . Accrued AIR-Hotel/Motel 18,506.18 21,424.10 (2,917.92) 1102 . Receivable 825.00 825.00 0.00 ~ 1200 . Inventory 102,053.67 65,157.57 36,896.10 1499. Undeposited Funds (50.00) 2.00 (52.00) Total Other Current Assets 121,834.85 87,908.67 33,926.18 Total Current Assets 932,416.56 912,307.93 20,108.63 Fixed Assets 1505' Improvements(Airfield) 19,754,908.79 19,754,908,79 0.00 1506 . Land 7,687,974.01 7,687,974.01 0.00 1510. Buildings & Improvement 7,077 ,835.49 7,073,107.50 4,727.99 1520. Machinery & Equipment 316,480.64 316,165.67 314,97 1530 . Under Construction 87,924.40 87,924.40 0.00 1681 . Accum depreciation - Other (13,350,672.77) (13,290,719.77) (59,953.00) Total Fixed Assets 21,574,450.56 21,629,360.60 {54,91 0.04) Other Assets 1320 . Prepaid Workers' Comp 1,466.06 2,336.25 (870.19) 1321 . Prepaid Ins/General Liabilty 7,971.33 0.00 7,971.33 1322 . Prepaid Prof.Liab. Ins. 3,669.41 0.00 3,669.41 1323. Prepaid Property Ins. 3,567.98 4,162.65 (594,67) ~ 1324 . Prepaid Auto Ins. 4,824.41 0.00 4,824.41 1330. Prepaid Other (FAAlASOS) 4,937.27 3,169.94 1,767.33 1525 . Loan Costs 5,000.00 5,000.00 0.00 1682. Accumulated Amortization (4,417.00) (4,375.00) (42.00) ----L 11/07/12 Peachtree City Airport Authority Balance Sheet Prey Year Comparison As of October 31,2012 - Oct 31, 12 Sep 30,12 $ Change Total Other Assets 27,019.46 10,293.84 16,725.62 TOTAL ASSETS 22,533,886.58 22,551,962.37 (18,075.79) LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable 2000 . Accounts Payable 66,826.58 37,373.76 29,452.82 Total Accounts Payable 66,826.58 37,373.76 29,452.82 Other Current Liabilities 2001 . Accts Payable/Accruals 27,575.19 23,282.53 4,292.66 2050 . Accrued Wages 38,428.00 34,019.00 4,409.00 2055 . Com pensated absences 6,713.52 6,713.52 0.00 2100. Employee Health Ins. Payable (23.65) 0.00 (23.65) 2101 . Employee Dental Ins. Payable (150.40) (49.37) (101.03) 2110. Co. Paid Employee Health (341.52) (367.32) 25.80 2190. Sales Tax Payable 6,159.86 6,616.04 (456.18) 2220 . State Withholding Tax Payable 1,178.61 1,160.09 18.52 ~ 2280 . Accrued FUT A 369.84 294.15 75.69 2285 . Accrued SUT A 103.24 664.37 (561.13) 2510. Long- Term Debt 66,083.15 66,083.15 0.00 2690 . Deposits - Hangars 5,000.00 5,000.00 0.00 2962. Unearned Prepaid Revenue 18,450.79 18,341.22 109.57 2963 . Veterans Memorial Donation 40,168.49 40,503.86 (335.37) 2964 . J.Cobb-Memorial 4,008.46 4,008.46 0.00 Total Other Current Liabilities 213,723.58 206,269.70 7,453.88 Total Current Liabilities 280,550.16 243,643.46 36,906.70 Long Term Liabilities 2811 . Note Payable #20-Bldg Renov 12,314.21 15,736.75 (3,422.54) 2814. Note Payable #23-CIP 367,551.84 369,746.71 (2,194.87) Total Long Term Liabilities 379,866.05 385,483.46 (5,617.41) Total Liabilities 660,416.21 629,126.92 31,289.29 Equity - 3030 . Contrib. Capital - Grant 19,933.87 19,933.87 0.00 3035 . Contrib. Capital - Donation 2,125,000.00 2,125,000.00 0.00 3040 . Retained Earnings 9,029,465.46 9,398,851.92 (369,386.46) 3051 . Contr. Capital- FAA #02 1,221,311.00 1,221,311.00 0.00 3052 . Contr. Capital - FAA #03 2,126,666.00 2,126,666.00 0.00 11107/12 Peachtree City Airport Authority Balance Sheet Prey Year Comparison As of October 31,2012 Oct 31,12 Sep 30, 12 $ Change 3053 . Contr. Capital - FAA #04 2,126,667.00 2,126,667.00 0.00 3054 . Contr. Capital - FAA #05 2,126,667.00 2,126,667.00 0.00 3055 . Contr. Capital - FAA #06 183,844.00 183,844.00 0.00 3056 . Contr. Capital - FAA #07 710,537.00 710,537.00 0.00 3057, Contr. Capital - FAA #08 653,506.00 653,506.00 0.00 3058 . Contr. Capital - FAA #09 390,320.00 390,320.00 0.00 3059, Contr. Capital - FAA #10 184,408.00 184,408.00 0.00 3060 . Contr. Captial - FAA #11 271,956.00 271,956.00 0.00 3070 . Contr. Capital - State #1-113 38,857.55 38,857.55 0.00 3071 . Contr. Capital - State #2-113 66,500.00 66,500.00 0.00 3072 . Contr. Capital - State #3-113 104,000.00 104,000.00 0.00 3073, Contr. Capital - State #4-113 7,425.00 7,425.00 0.00 3074 . Contr. Capital - State #5-113 96,640.00 96,640.00 0.00 3075 . Contr. Capital - State #6-113 316,950.00 316,950.00 0.00 3076 . Contr. Capital - State #7-113 29,519.00 29,519.00 0.00 3077 . Contr. Capital - State #8-113 9,180.00 9,180.00 0.00 3078 . Contr. Capital - State #9-113 16,707.10 16,707.10 0.00 3079 . Contr. Capital - State #10-113 60,566.44 60,566.44 0.00 3080 . Contr. Capital - State #11-113 511.13 511.13 0.00 3081 . Contr. Capital - State #12-113 5,697.90 5,697.90 0.00 - Net Income (49,365.08) (369,386.46) 320,021.38 Total Equity 21,873,470.37 21,922,835.45 (49,365.08) TOTAL LIABILITIES & EQUITY 22,533,886.58 22,551,962.37 (18,075.79) -