FY2022

GOALS, OBJECTIVES, and PERFORMANCE MEASURES

Invest in Public Infrastructure, Facilities, and Fiscal Reserves

Strategic Plan Goal: Department Goal:

Develop and maintain adequate funding mechanisms for airport operations and improvements; increase revenue generated by airport operations. Accelerate loan repayments through the sale of airport land for development. Annual review of hangar rates to maximize revenue.

Department Objective:

Performance Measures:

FY 2021 Projected

FY 2022 Estimate

FY 2018 FY 2019 FY 2020

Revenue Generated through Airport Land Sales

$20,000

$0

$0

$0

$0

FY 2021 Projected

FY 2022 Estimate

FY 2018 FY 2019 FY 2020

Outstanding Loan Balance

$0

$0

$0

$0

$0

FY 2021 Projected

FY 2022 Estimate

FY 2018 FY 2019 FY 2020

Inter-Fund Loan Repayments

Principal Interest

$0 $0

$0 $0

$0 $0

$0 $0

$0 $0

Note: 70% of land sale revenue is directed to inter-fund loan repayments

FY 2021 Projected

FY 2022 Estimate

FY 2018 FY 2019 FY 2020

Hangar Rental Revenue

$265,914 $273,720 $276,101 $275,000 $275,000

FY 2021 Projected

FY 2022 Estimate

FY 2018 FY 2019 FY 2020

General Levy Support for Operations

$9,687

$0

$0

$0

$0

Promote an Insclusive and Resilient Economy Throughout the City

Strategic Plan Goal:

Increase the usefulness of the Airport for economic development.

Department Goal: Department Objective:

Increase fuel sales. Allow for privately funded hangar construction.

Performance Measures:

FY 2021 Projected

FY 2022 Estimate

FY 2018 FY 2019 FY 2020

Fuel Flowage

Jet Fuel Sold Av Gas Sold

331,312 314,289 267,715 300,000 330,000 55,875 58,809 49,610 50,000 55,000 387,187 373,098 317,325 350,000 385,000

Total Gallons Sold

FY 2021 Projected

FY 2022 Estimate

FY 2018 FY 2019 FY 2020

Based Aircraft (Number of Aircraft Based at IOW)

92

92

92

92

92

462