In this paper, you are to prepare a budget for your airport. Given the nature of this Course, and with the understanding that any airport budget, for even the smallest of facilities, cannot be prepared in one week’s time, you are not expected to prepare a detailed budget nor the analysis that always accompanies one. However, you have acquired enough insight into both your selected airport and the working process of developing an operating budget and a capital budget for you to easily prepare a budget worksheet that addresses the key financial components of revenue and expenses meeting the minimum requirements to support your airport for the next fiscal year.
Your paper should include two tables one for operating and one for capital and each should have the various components of expenses and revenues as well as a description of each source of revenue and the purpose of each expense line item. For those students who have had an accounting course, this exercise should be a snap. For those who have not, you’ll need to work a bit harder.