quiz 1 Flashcards
(29 cards)
what is capital expense
big items that are bought once
operating expense
the day to day operations
4 types of operating expenses
airfield, terminal, hangars, general and administrative expense
grants can be used for
planning, help with development, capacity enhancements, noise projects, capital costs
grants cannot be used for
revenue generating projects, operating costs
what are passenger facility charges
another fee on your ticket. instead of paying a charge to enter the airport, 4.50 is on every ticket to fly. only up to two legs.
how are grants distributed
apportionment (entitlement) set aside, discretionary
what is apportionment
if on the list, you are automatically given some if you have an eligible project.
what is set aside
when congress authorized this expenditure of FAA money, congress directs the money.
what is discretionary
FAAs distribution they decide where the rest goes. Congress can give them some direction. most of the money.
what is an organization chart
shows employees their position within their organization. needs to be fluid, no two are the same.
what is formal authority
relationship between supervisors and subordinates
what is privatization
owned by a private company.y not on air carrie airports.
who are airports owned by
majority owned by city and countyw
what is airport authority
who owns the airport
what are municipally owned and operated airports
city council or county board gives policy. airport is just one piece of it. mankatow
what is multipurpose port authorities
public corporation. own a variety of public facilities. extensive independence, power to issue own debt and power to tax
single purpose airport authorities
similar to multipurpose, state or local government often retain ownership, power to issue own debt.
state operated airports
run by state department of transportation. state tax on aviation fuel, Alaska, Hawaii, Maryland.
federal government owned
congressional appropriations
liability insurance
an increasingly large percentage of airport expenses. aircraft operations, premise operations, sale of product.
tenant insurance
they name the company as additional insured.
is airport a proprietary function or a government function?
proprietary
operating revenue: name 5 areas
airfield, terminal concessions, airline leased areas, other leased area (office space for TSA and such) other operating revenue
