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BOWERS FIELD - AIRPORT MASTER PLAN <br />Task 10.2 - Capital improvement Program Working Paper <br />The Consultant will develop a detailed working paper describing the tasks outlined above. This working <br />paper will be submitted to the FAA and PAC members for review and comment approximately two <br />weeks prior to scheduled meetings (See Element 15 for document distribution details). The draft <br />working paper will be distributed to the planning advisory committee at least one week prior to a <br />scheduled meeting. <br />Product: A narrative and tabular summary of the financial analysis. The working paper will be <br />revised/amender as necessary based on review comments and will become a chapter of the 2015-2035 <br />Airport Master Plan report. <br />ELEMENT 11- AIRPORT FINANCIAL PLAN <br />in concert with the 20 -year CIP, ars airport financial plan will be prepared that analytes airport revenues <br />and maintenance & operation expenditures for use In updating short- and long-term operating <br />strategies. The Consultant will also review the current airport rates and fees schedule for comparison <br />with other similar airports located in the defined airport service area. Evaluating the market potential <br />for airport land and the remaining useful life for county -owned structures and any other structures of <br />interest, pavement and other facilities are generally key elements in defining strategies, The financial <br />impact of deferred maintenance will be examined in detail with the goal of creating a realistic schedule <br />for addressing these needs In terms of financial feasibility. <br />Task 11.1— Plnanclai/Implementation Pian <br />Projections of the airport operating revenue and expenses will be prepared to coincide with the 20 -year <br />CIP. The financial plan will be developed from data acquired during the inventory (Task 3.8) and <br />through interviews with Kittitas County staff. Specific assumptions regarding potential changes in <br />expenses or revenues will be coordinated between Kittltas County and Consultant and will reflect the <br />general timeframe for major revenue -generating projects or increased maintenance or operational <br />costs. The projection is to Identify the levels of airport -generated funding that may be available to <br />support the capital improvement program during the current planning period. <br />The financial planning will support the implementation planning for the master plan CIP, developed in <br />Task 10. The implementation plan will identify key steps moving forward, agency coordination, etc. <br />Product: A 20 -year airport revenue and expense projection. <br />Cr NTLIRY WEsr o Page 132 <br />a <br />