Gnoss Field Financial Information - DETAILS
Details on Special Airport Fund, 31010
Information about the revenue and expenses for the Special Airport Fund, 31010, come from several different reports. Consequently, the numbers are often found to be reported with slightly different amounts. In summary, the airport revenue and expenses look like this:
|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|
Special Airport Fund 31010 Income & Expense
One vital source of detail comes from the Trial Balance Reports produced by the Marin County Finance Department upon request from the public (or via the office of Supervisor Judy Arnold). Ken Mercer obtained three years of such reports copied here: FY2014, FY2015, FY2016.
By categorizing several of the detail line items, you can see the way that airport revenue and expenses are reported. Revenu amounts include sales by airport businesses (a 1% concession fee), fuel flowage fees on aviation fuels, leases from airport businesses, FAA grants used in that year, and airport hangar or tie-down fees.
|4410125 Int on Pooled Invst||580||731||395|
|4410410 Sales and Services||16,526||8,989||10,442|
|4410415 .06% Fuel Flow fees||7,521||14,452||10,612|
|4410430 Base Opr Fee Arpt||80,877||113,631||77,592|
|4550755 Federal - Grant||198,412||69,322||58,614|
|4410420 Arpt Tie Down||553,663||559,281||562,000|
Airport expenses include personnel-related expenses, professional fees to airport consultants, security, utilities, maintenance contracts, and interdepartmental transfers mainly to DPW for work or oversight provided by the staff or management personnel.
|5210110 Professional Services||200,882||32,102||132,063|
|5210140 Prof Svcs - Security||85,246||73,441||27,534|
|5211115 Bldg and Plant Maint||29,534||26,873||23,483|
|Office & Travel subtotal||12,161||6,160||5,756|
|5220310 Land & Buildings||396||2,654||61,134|
|5450135 Oth Infrastru (Full)||94,047||94,047||94,047|
|5510260 Inter-fd E DPW S&B||86,342||93,974||82,674|
|5510270 Inter-fd E DPW BMain||51,143||45,230||48,147|
|5510900 Inter-fd E A-87 Indi||131,942||90,234||4,032|
County of Marin Proposed Budget in Marin County Budget Overview, FY2013-14, FY2014-16, FY2015-16, FY2016-18, look for "Revenues and expenditures by program" under Department of Public Works, then look for "Other Funds" for "County Airport"
Capital Improvement Program in Marin County Budget Overview, FY2013-14, FY2014-15, FY2015-16, FY2016-17, look for the section "Airport Improvements" for the "Summary of Proposed Airport Projects and Expenditures"
Comprehensive Annual Financial Reports in Marin County Department of Finance Financial Reports website, FY2013, FY2014, FY2015, contain summary information about the Special Airport Fund, look for "Combining Statement of Net Position" for fund balance and asset values, "Combining Statement of Revenues, Expenses and Changes in Net Position" for summary of revenue and expense items, and "Combining Statement of Cash Flows" for fund balance at beginning and end of year.
Details on Property Taxes and Assessments at Gnoss Field
Airport users pay property tax on aircraft, hangars they own, posssessory interest in the space they occupy, and any property reported in their hangar. The FAA considers property tax revenue to not be airport revenue. So, in Marin County, the taxes collected are split between the General Fund and Novato Unified School District. For details on where the 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
Property taxes can be separated by aircraft and other unsecured property as follows:
|Property Taxes at Gnoss Field||FY2015-16||FY2014-15||FY2013-14||FY2012-13||FY2011-12|
|Taxes on Unsecured to GF||TBD||24,090||72,560||28,704|
|Taxes on Aircraft to GF||180,264||175,850||213,440||238,178|
|Taxes to Marin County General Fund||180,264||199,940||286,000||266,882|
|Taxes on Unsecured to NUSD||TBD||52,844||52,560||62,973|
|Taxes on Aircraft to NUSD||180,263||175,850||213,440||238,178|
|Taxes to Novato Unified School Districdt||180,263||228,694||266,000||301,151|
|Total Property Taxes||360,527||428,634||552,000||568,033|
For aircraft based at Gnoss Field, the assessor maintains a record of each owner for purposes of taxes. Note that the assessed value of aircraft has changed over the past several years.
|Assessment of Property||FY2015-16||FY2014-15||FY2013-14||FY2012-13||FY2011-12|
|# aircraft owners||146||169||169|
|# aircraft over $1MM||6||9||6|
Assessment Roll Statistics report of the Unsecured Assessment Roll provided by the Marin County Assessor-Recorder-County Clerk office for years 2014, 2015 and 2016
Various reports of property tax revenue from Airport Manager, Dan Jensen, and the Marin County Finance Department.