 |
|
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.
|
|
|
|
