CAPITAL IMPROVEMENT PROGRAM ADMINISTRATION

PURPOSE:
Both large and small airports often have complex Capital Improvement Programs with multiple funding sources. Sources could include Passenger Facility Charge pay-as-you-go and/or bond funds, Airport Revenue Bonds, state and local funds as well as third party developer monies. The fashioning of complex project financing strategies and the financial reporting requirements of large programs can often exceed the capabilities and time constraints of an airport’s planning and development or accounting staff. Detail-oriented program financial conceptualization and administration are essential to implementing projects that are completed on time, within budget, and with maximum utilization of available funds.

INPUT & INFORMATION NEEDED:
Provided by Client:
1. Capital program description and cost analysis
2. References to airport’s existing funding sources
3. Access to airport financial report systems

Provided by TMG:
Twenty years of experience in guiding airport capital programs costing over $1 billion including field monitoring of construction projects

OUTPUT & PRODUCT:
Assisting the airport’s accounting and/or planning and development staff, TMG provides:
1. Capital budget preparation by source/by year
2. Capital Improvement Program status reporting
3. Airport Improvement Program grant applications
4. Federal eligibility analysis and determinations
5. Federal funding audits assistance
6. Ad-hoc financial reporting and analysis
7. Project closeout assistance

USES:
To facilitate the airport’s grants management and financial reporting systems so that funds utilization is optimized.

POTENTIAL FUNDING SOURCES:
Eligible cost under AIP and PFC as part of Master Plan Process

CAPITAL IMPROVEMENT PROGRAM ADMINISTATION CLIENTS:
Louis Armstrong New Orleans International Airport and Richmond International Airport

CONTACT:
email: Anthony J. Mumphrey Jr.
Tel: (504) 569-9239, Ex. 26.






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