Get Your Act Together
Part of FDR’s ‘New Deal’, this provided 50% funding for airport projects. Resulted in development or expansion of 852 airports.
Works Progress Administration (WPA)
Grant assurances address an airport's responsibilities during a project and establish continuing obligations for up this this many years, depending on the useful life of the facilities or equipment acquired.
20 years
This accounting function is responsible for the recording and processing of transactions that involve payment of funds.
Accounts Payable
This shows the balance of the airport’s assets against the airport’s liabilities, resulting in the difference between the two, the net assets.
Statement of Net Assets
or
Balance Sheet
These may cover a variety of airport operations and affect both tenants and users. They typically cover security, conduct of users, conduct of tenants, schedule of fees, rates, and charges, vehicle movement, and aircraft operations.
Rules and Regulations
This act turned the CAA into the Federal Aviation Agency and directed the FAA to take over safety rulemaking from the CAB. It also made the FAA responsible for air navigation and air traffic control.
Federal Aviation Act of 1958
Before 1996, enforcement procedures were outlined in this federal code, and are considered informal.
14 CFR Part 13 Investigation and Enforcement
This accounting function has the responsibility to record, process, and ensure the receipt of money coming into the organization.
Accounts Receivable
These budgets address items that are viewed as investments in assets that have useful lives extending beyond a single fiscal year and exceeding a certain value.
Capital Budgets
The Airport and Airway Improvement Act of 1982 (AAIA) requires airports to be this, given its circumstances.
As self-sustaining as possible
This act requires that all steel and manufactured goods used in AIP-funded projects are produced in the United States.
Buy American Act of 2003
Before filing a Part 16 complaint, a person directly and substantially affected by alleged noncompliance must initiate and engage in this type of effort to resolve the disputed matter informally before FAA will consider the complaint.
Good faith efforts
This accounting function involves payment of salaries, wages, overtime, etc., of airport employees but also includes management and administration of employment taxes and employee payroll deductions.
Payroll
This type of budgeting simply takes the previous year or period's actual numbers and adjusts those figures by a predetermined percentage.
Incremental Budgeting
In this project delivery method, one entity works under a single contract to provide design and construction services
Design-Build
This act requires weekly reporting of wages paid for federally funded projects.
Davis-Bacon Act
In 1996, the FAA promulgated this federal code, which specified the processing of complaints specifically against airports that receive federal assistance. These complaints are considered formal.
14 CFR Part 16 Rules of Practice for Federally Assisted Airport Enforcement Proceedings
This accounting tool is the foundation of the double-entry methodology of accounting and contains all the accounts that the organization needs to properly develop the airport organization’s financial statements (balance sheet, income statement/statement of changes in net assets, and cash flow statement).
General Ledger
This results-oriented budgeting technique focuses on creating a budget with the end vision of achieving outline objectives and working backwards to the budged line items that support those objectives.
Management by Objectives (MBO)
These systems provide noise event and flight track analysis, produce reports on noise and flight track compliance, help to monitor noise limits, assist with curfew management, monitor no-fly zones, assist with handling noise complaints by providing accurate information about particular flights and noise emissions, and provide data for the generation of the Integrated Noise Model contour.
Airport Noise and Operations Monitoring System (ANOMS)
This act constituted the birth of PFCs by allowing public agencies that control commercial service airports enplaning more than 2,500 passengers annually to charge each enplaning passenger a $1, $2, or $3 facility charge in accordance with FAA regulations
Aviation Noise and Capacity Act of 1990 (ANCA)
Grant assurances can be traced back to this 1946 agreement, when the federal government transferred ownership of airports constructed for WWII to local entities
AP-4 Agreement
This FAA body oversees airport fiscal practices relevant to federally mandated obligations that are conditions for receiving federal grants and has two divisions: Financial Management Analysis and Airport Compliance Program.
Office of Airport Compliance and Management Analysis (ACO)
This is defined as the annual cost for providing, operating, maintaining, and administering an airport facility. It includes both fixed and variable cost and the local share of any capital investment.
Break-even
Under this leasing model, an entity can be engaged as a master lessee and be responsible for providing all required concessions through subleases to other concessionaires.
Institutional Operator