Operating and Financial Summary Form 127 OMB CONTROL NUMBER 2120-0569
This file contains the operating and financial summary for airports, including revenue, expenses, capital expenditures, and indebtedness. It provides detailed data required for compliance with the FAA Authorization Act of 1994 and 49 U.S.C. Section 47107(a)(15). The form is essential for airports to report their finances comprehensively.
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How do I fill this out?
To complete this form, ensure you have all necessary financial data from your airport's records. Review each section carefully and fill in the required fields with accurate information. Follow the instructions provided in the form to ensure compliance with the reporting requirements.
How to fill out the Operating and Financial Summary Form 127 OMB CONTROL NUMBER 2120-0569?
1
Gather all required financial data for your airport.
2
Review the instructions provided in the form.
3
Fill in the revenue and expense sections with accurate data.
4
Complete the capital expenditures and indebtedness sections.
5
Double-check all entries and save the completed form.
Who needs the Operating and Financial Summary Form 127 OMB CONTROL NUMBER 2120-0569?
1
Airport managers need this form to report their annual financial data.
2
Financial officers at airports use this form for compliance with FAA regulations.
3
Government agencies rely on this form to monitor airport financial health.
4
Auditors use this form to verify the financial performance of airports.
5
Consultants may use this form to provide financial analysis for airports.
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What are the instructions for submitting this form?
To submit this form, you can send it via email to the Information Collection Clearance Officer at the Federal Aviation Administration: 10101 Hillwood Parkway, Fort Worth, TX 76177-1524. File via online submission forms available on the FAA website. Ensure that all data is accurate and complete before submission. For questions, you can contact the FAA Information Collection Clearance Officer for guidance. It is advised to keep a copy of the submitted form for your records.
What are the important dates for this form in 2024 and 2025?
The important dates for this form in 2024 and 2025 are as follows: Fiscal Year Ending: 09/30/2024, Date Filed or Revised: 03/24/2025.
What is the purpose of this form?
The purpose of this form is to provide a comprehensive summary of airport operating and financial data. It is required by the FAA Authorization Act of 1994 and ensures transparency and accountability in airport finances. By completing this form, airports can report their revenue, expenses, capital expenditures, and indebtedness accurately, aiding in financial monitoring and analysis. The data collected through this form helps government agencies, auditors, and consultants in evaluating the financial health and performance of airports. It also ensures that airports comply with federal regulations and maintain consistent reporting standards. Overall, this form is a crucial tool for effective financial management and oversight of airport operations.
Tell me about this form and its components and fields line-by-line.
- 1. Passenger Airline Aeronautical Revenue: Includes landing fees, terminal arrival fees, rents, and other fees related to passenger airline operations.
- 2. Non-Passenger Aeronautical Revenue: Encompasses landing fees from cargo, general aviation, military, and other non-passenger aeronautical sources.
- 3. Non-Aeronautical Revenue: Covers revenue from land and non-terminal facilities, terminal services, parking, rental cars, and other non-aeronautical sources.
- 4. Operating Expenses: Details expenses related to personnel, communications, supplies, contractual services, insurance, and other operating costs.
- 5. Non-Operating Revenue (Expenses): Includes interest income, grant receipts, passenger facility charges, and other non-operating financial items.
- 6. Net Assets: Tracks changes in net assets, including the beginning and end-of-year values.
- 7. Capital Expenditures: Reports expenditures on airfield, terminal, parking, roadways, and other capital projects.
- 8. Indebtedness: Provides data on long-term bonds, loans, and other forms of debt.
- 9. Operating Statistics: Captures statistics related to enplanements, landed weights, aircraft operations, and employee metrics.
- 10. Externally Restricted Assets: Lists debt reserves and other externally restricted assets.
- 11. Unrestricted Cash and Investments: Reports cash and investments that have no externally imposed restrictions on their use.
- 12. Reporting Year Proceeds: Details proceeds from bond issues, property sales, and other sources.
- 13. Debt Service: Includes debt service payments, net of passenger facility charges and other offsets.
What happens if I fail to submit this form?
Failure to submit this form can result in non-compliance with federal regulations, leading to potential penalties or loss of benefits. It is critical to submit accurate and complete information to avoid any adverse consequences.
- Non-Compliance Penalties: Potential penalties for not adhering to reporting requirements.
- Loss of Benefits: Risk of losing federal grants or other financial benefits.
How do I know when to use this form?
- 1. Annual Financial Reporting: Submit this form annually to report comprehensive financial information.
- 2. Compliance with FAA Regulations: Ensure compliance with FAA Authorization Act of 1994 and 49 U.S.C. Section 47107(a)(15).
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