Notes to SEFA
Revenue consists of passenger facility fees and investment earnings on the restricted cash related to passenger facility charges. Expenditures represent airport construction related costs incurred at the Aviation Department.
Passenger facility charges are reported on an accrual basis in the Aviation Department’s revenues, expenses, and changes in net position in the Annual Comprehensive Financial Report. Reporting standards adopted by the FAA require for purposes of the PFC Revenues and Disbursements Schedule such charges be reported on a cash basis. A reconciliation between cash collections and revenue reported on the accrual basis is as follows: See Notes to the SEFSA for Chart/Table.