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PENINSULA AIRPORT COMMISSION
STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION
YEAR ENDED JUNE 30, 2025
The accompanying notes to the financial statements are an integral part of these statements.
12
Operating Revenues:
Airfield
1,648,474
$
Terminal and landside
3,236,317
Other rents
372,351
Administrative and miscellaneous
8,267
Total Operating Revenues
5,265,409
Operating Expenses:
Advertising
112,098
Audit
123,726
Commission fee
19,626
Communications
90,898
Cost of sales
270,434
Crash and rescue
46,921
Depreciation and amortization
6,350,483
Dues and subscriptions
17,627
General office
64,708
Insurance
254,594
Janitorial supplies
20,974
Labor
2,631,281
Miscellaneous
3,114
Payroll taxes and benefits
648,075
Postage
836
Professional services
134,005
Repairs, maintenance, and supplies
530,952
Training
15,929
Trash removal
48,557
Travel and promotions
16,009
Uniforms
4,516
Utilities
811,767
Others
93,647
Total Operating Expenses
12,310,777
Loss from Operations
(7,045,368)
Nonoperating Revenues (Expenses):
Interest income
742
Interest expenses
(168,726)
Other expenses
(4,682)
Net Nonoperating Revenues
(172,666)
Loss Before Capital Contributions
(7,218,034)
Capital contributions
3,298,824
Change in net position
(3,919,210)
Total net position, beginning of the year
72,135,721
Total net position, end of the year
68,216,511
$
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