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Airport Profile

Bond TypeGARB
Moody'sAaa
FitchAAA

Key Financial Data (FY 2024)

CPE$10.72
Signatory Landing Fee$3.3600
Enplanements1,176,197
Total Operating Revenue$33.9M
Total Operating Expense$36.7M
Operating Income$-2.7M
Total Debt$63.9M
Unrestricted Cash$97.6M
Landed Weight (1000 lbs)1,362,426

Enplaned Passengers (T-100)

992K-11.7%

Cost per Enplanement (CPE)

$10.72+1.9%

Revenue

$33.9M+10.9%

Expense

$36.7M+4.6%

Ratemaking Overview

Settlement & True-Up

Not available

Landing Fee Methodology

Not available

Terminal Rental Rate

Not available

Common Use & Gate Allocation

Additional Bonds Test

Not available

Rate Covenant

The County pledges its full faith, credit and taxing powers. Taxes will be levied on all taxable property in the County in an amount sufficient to pay the principal of and interest on the Bonds. The taxes may be reduced by the amount of any surplus money in the Debt Service Fund.

Flow of Funds

Proceeds of taxes levied are placed and kept by the Treasurer as a separate fund irrevocably pledged for paying the principal of and interest on the Bonds. Any accrued interest and premium received at the time of delivery shall be paid over to the Debt Service Fund. Interest or principal falling due when there are insufficient funds shall be paid promptly from other funds of the County.

1.Debt Service Fund Account — Proceeds of taxes levied are placed in a separate fund designated as the 'Debt Service Fund Account for $29,340,000 Dane County General Obligation Airport Bonds, Series 2007A, dated April 1, 2007'. Funds are irrevocably pledged for paying principal and interest on the Bonds.
2.Borrowed Money Fund — Bond proceeds are placed into the Borrowed Money Fund and used solely for the purpose for which borrowed or for transfer to the Debt Service Fund as provided by law. May be used to pay costs relating to the issuance of the Bonds.

Source Documents

Official Statements

MSN-2007A.pdf

Source: FAA CATS Form 5100-127, DOT T-100 Market Data, Airport Official Statements · Hub classification: FAA CY 2024 Enplanement Data · Prepared by DWU Consulting