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PENINSULA AIRPORT COMMISSION
MANAGEMENT’S DISCUSSION AND ANALYSIS
JUNE 30, 2023
7
Revenues
A summary of revenues is as follows:
Percent of
Percent of
2023
Total
2022
Total
Operating Revenues:
Airfield
1,448,250
$
14.2%
1,438,942
$
13.8%
Terminal and landside
3,437,367
33.7%
3,555,794
34.0%
Other rents
361,114
3.5%
400,351
3.8%
Trailer park rent
-
0.0%
397,939
3.8%
Administrative and miscellaneous
45,677
0.4%
57,467
0.5%
Total Operating Revenues
5,292,408
51.8%
5,850,493
55.9%
Nonoperating Income:
Federal grants
705,129
6.9%
4,300,989
41.1%
Interest income
3,520
0.0%
1,919
0.0%
Other
405
0.0%
5,208
0.0%
Gain on sale of assets
4,212,197
25.9%
302,520
2.9%
Total Nonoperating Income
4,921,251
32.8%
4,610,636
44.1%
Total Revenues
10,213,659
$
84.7%
10,461,129
$
100.0%
Expenses
A summary of expenses is as follows:
Percent of
Percent of
2023
Total
2022
Total
Operating Expenses:
Airfield
1,414,198
8.7%
993,454
6.5%
Terminal and landside
3,708,791
22.8%
2,933,507
19.3%
Other rents
408,270
2.5%
352,120
2.3%
Trailer park rent
638,170
3.9%
554,747
3.6%
Administrative and miscellaneous
2,236,653
13.8%
2,718,224
17.9%
Maintenance
(318,954)
-2.0%
(279,019)
-1.8%
Total Operating Expenses
8,087,128
49.7%
7,273,033
47.8%
Depreciation Expense
7,949,330
48.9%
7,697,145
50.6%
Nonoperating Expense:
Interest expense
227,072
1.4%
246,068
1.6%
Total Nonoperating Expenses
227,072
1.4%
246,068
1.6%
Total Expenses
16,263,530
$
100.0%
15,216,246
$
100.0%
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