Gnoss Field Financial Information
For years, airport users have requested understandable information about the finances of Gnoss Field. Unfortunately, the Finance Department of Marin County rolls up the airport revenue into rather big buckets and publishes information in several different places. However with the help of Ken Mercer, who obtained financial reports for the Special Airport Fund, 31010, and Rick Beach, who consolidated the County annual budgets, Marin CAFR (Comprehensive Annual Financial Report), Marin capital improvement plans, FAA grant histories, and Marin County Assessor Rolls, we can present some summary information.
GNOSS FIELD AIRPORT REVENUE
In order to receive FAA grants, Marin County certified that it complied with FAA Grant Assurance 25, Airport Revenues, that states "All revenues generated by the airport and any local taxes on aviation fuel established after December 30, 1987, will be expended by it for the capital or operating costs of the airport." Consequently, Marin County segregates airport revenue and expenses in an Enterprise Fund known as the Special Airport Fund, 31010. No money from the General Fund is used by the airport.
|Special Airport Fund 31010||FY2015-16||FY2014-15||FY2013-14|
|Total operating revenues||659,166||696,353||660,646|
|Total operating expenses||(1,005,977)||(796,518)||(664,892)|
|Fund balance, end of year||221,503||373,472||370,937|
Details on the line items in the Special Airport Fund can be found here.
Gnoss Field Property Tax
Airport users pay property tax on aircraft, hangars they own, leasehold improvements, possessory interest in the space they occupy, and business property at the airport. The FAA considers property tax revenue to not be airport revenue. So, in Marin County, the property taxes collected from airport users are split between the General Fund and Novato Unified School District. For details on the use of property taxes in Marin County, see Where Your Property Tax Dollars Go.
|Property Taxes at Gnoss Field||FY2014-15||FY2013-14||FY2012-13||FY2011-12|
|Taxes to General Fund||180,264*||199,940||286,000||266,882|
|Taxes to Novato Schools||180,263*||228,699||266,000||301,151|
|Total Property Taxes||360,527*||428,639||552,000||568,033|
* Amount includes only aircraft; need estimate of unsecured property for FY2014-15
Details on the assessments and property taxes paid can be found here.