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PENINSULA AIRPORT COMMISSION
STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION
YEAR ENDED JUNE 30, 2024
The accompanying notes to the financial statements are an integral part of these statements.
12
Operating Revenues:
Airfield
1,549,523
$
Terminal and landside
3,336,327
Other rents
381,647
Administrative and miscellaneous
2,396
Total Operating Revenues
5,269,893
Operating Expenses:
Advertising
50,766
Audit
78,905
Commission fee
10,149
Communications
80,958
Cost of sales
248,250
Crash and rescue
39,953
Depreciation and amortization
8,014,097
Dues and subscriptions
17,175
General office
9,618
Insurance
275,846
Janitorial supplies
20,186
Labor
2,402,272
Miscellaneous
1,439
Payroll taxes and benefits
627,143
Postage
1,815
Professional services
136,115
Repairs, maintenance, and supplies
817,932
Training
9,639
Trash removal
39,999
Travel and promotions
14,577
Uniforms
5,211
Utilities
797,348
Others
88,031
Total Operating Expenses
13,787,424
Loss from Operations
(8,517,531)
Nonoperating Revenues (Expenses):
Interest income
2,551
Interest expenses
(190,754)
Gain on sale of capital assets
245,000
Net Nonoperating Revenues
56,797
Loss Before Capital Contributions
(8,460,734)
Capital contributions
3,309,939
Change in net position
(5,150,795)
Total net position, beginning of the year
77,286,516
Total net position, end of the year
72,135,721
$
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