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Noura Elise International Airport Budget

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Noura Elise International Airport Budget

An airport budget is an important tool for any airport, large or small, to ensure its

operations are efficient and effective. Developing a budget for an airport requires careful

consideration of both operating and capital expenses and revenues. An airport budget worksheet

should provide an overview of all of these expenses and revenues, and should include both short-

term and long-term financial goals. The components of an airport budget include both operating

and capital expenses and revenues. Operating expenses are those expenses that are necessary to

keep the airport running on a day-to-day basis, including salaries and wages, utilities, and fuel.

Capital expenses, on the other hand, are those expenses that are necessary for long-term

investments in the airport’s infrastructure, such as new runways, hangars, and equipment.

The process of developing an airport budget is a lengthy and complicated one. It begins

with a review of the airport’s current financial situation and an analysis of the airport’s historical

performance. This analysis helps the airport’s management to identify areas of potential

improvement and to set realistic financial goals. Once these goals are set, the budget must be

developed and approved. The airport budget must also account for all sources of revenue and

expenses. Revenues come from a variety of sources, including airfare and landing fees,

concessions, and parking fees. Expenses must also be accounted for, including salaries and

wages, utilities, fuel, maintenance, and capital investments.

Operating Budget

Revenues Expenses
Aircraft Landing Fees: Fees charged to Aircraft Maintenance and Repair: Costs
aircraft for the privilege of landing at the associated with the maintenance and repair of
airport. The amount of the fee is determined aircraft.
by the size and weight of the aircraft.
Aircraft Parking Fees: Fees charged to aircraft Terminal Maintenance and Repair: Costs
for the privilege of parking at the airport. associated with the maintenance and repairs
These fees are based on the size and number of the terminal building.
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of vehicles.
Terminal Rental Fees: Fees charged to Security: Costs associated with security
airlines for the use of airport facilities. These personnel and equipment.
fees are based on the number and type of
passengers, baggage, and cargo being carried.
Car Rental Fees: Fees charged to car rental Air Traffic Control: Costs associated with air
companies for the privilege of utilizing airport traffic control personnel and equipment.
facilities.
Concessions: Fees charged to restaurants and Ground Handling: Costs associated with
shops for the privilege of operating at the ground handling personnel and equipment.
airport.
Advertising: Fees charged to companies for Utilities: Costs associated with power, water,
the privilege of advertising in the airport. sewer, and telephone services.
Air Traffic Control Fees: Air traffic control Personnel: Costs associated with personnel
fees are charged to aircraft for the use of the salaries and benefits.
airport's air traffic control services. These fees
are based on the amount of time the aircraft is
in the airspace of the airport.
Aircraft Maintenance Fees: Aircraft Airport Security expense: Airport security
maintenance fees are charged to aircraft for expenses include the cost of maintaining a
the use of the airport's maintenance services. secure environment at the airport. This
These fees are based on the type and size of includes security personnel, security
the aircraft. equipment, and other related costs.

Miscellaneous Revenues: Fees generated Concession Costs: Concession costs include

from miscellaneous sources such as vending the costs of running the concession stands at
machines, ATM fees, the airport. This includes personnel,
equipment, and other related costs.

Miscellaneous Expenses: Costs associated

with miscellaneous items such as insurance,
legal fees,

Capital Budget

Revenues Expenses
Government Grants: Funds received from the Land Acquisition: Costs associated with
federal, state, and local governments for the purchasing land for the purpose of
purpose of capital improvement. constructing airport facilities.
Private Grants: Funds received from private Construction: Costs associated with
entities for the purpose of capital constructing airport terminals, runways, and
improvement. other airport facilities.
Loans: Funds obtained through financial Equipment Acquisition: Costs associated with
institutions for the purpose of capital purchasing aircraft, vehicles, and other
improvement. equipment.
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Financing: The funds received from outside Technology: Costs associated with installing
sources, such as bonds and maintaining computer and
communications systems.
Sale of Assets: The funds received from the Furnishings: Costs associated with purchasing
sale of capital assets. furnishings for the airport.
Miscellaneous Expenses: Costs associated
with miscellaneous items such as insurance,
legal fees, etc.

Conclusion

The budget of the Noura Elise International Airport is essential to ensure the efficient and

smooth operations of the airport. The two tables presented above outline the revenues and

expenses of the airport. The operating budget table outlines the revenue sources and the expenses

associated with personnel, maintenance, utilities, security, insurance, aircraft, and administration.

The capital budget table outlines the revenue sources and expenses associated with grants, loans,

and other capital revenues, as well as capital expenditures, debt service, and other capital

expenses. With a comprehensive budget, the airport can manage its finances and operations in an

effective and efficient way.