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IMPLEMENTATION AND FINANCING PLAN <br />rentals, and other miscellaneous activities specifically related to aviation. In addition to using operating <br />revenue to cover operating expenses, Eugene Airport has the ability to transfer excess operating revenues <br />into the capital fund at the end of each City of Eugene fiscal year. This money can then be used to fund <br />necessary capital improvement projects. <br />In 2016, aeronautical related revenue made up approximately 40 percent of total airport revenues. <br />Aeronautical revenues include activities such as landing fees, terminal space rent, and general aviation <br />related fees. Non-aeronautical airport revenue streams made up 60 percent of revenues, drawn from <br />activities such as parking and ground transportation, rental car activity (excluding CFCs), terminal retail, <br />land leases, and other miscellaneous activities. Figure 5-4 shows the breakdown of revenue sources by <br />type for FY 2016, with a further breakdown of non-aeronautical revenues operating revenues by category. <br />FIGURE 5-4 <br />EUGENE AIRPORT OPERATING REVENUES (2016) BREAKOUT <br /> <br />Source: RS&H Graphic, Data provided by FAA CATS Financial Reporting System, November 2017 <br />A review of the Airports financial statements for Fiscal Years 2012 to 2017 shows a stable growth of <br />operating revenues that outpace operating expenses. Table 5-4 presents a breakdown of airport historic <br />operating revenues and expenses for FY 2012 to FY 2017 and annual projections through FY 2022. It must <br />be noted that major operating revenues and expenses have had moderately stable growth patterns for <br />the past six years and, as such, have been forecasted until FY 2022. Total operating revenues have been <br />forecasted to grow at a compounded annual growth rate (CAGR) of 3.56 percent while expenses are <br />projected at 2.07 percent growth. Both growth rates are similar to those experienced by the Airport for <br />the past six years. Net operating income without depreciation is also expected to grow at moderate rates. <br />EUGENE AIRPORT MASTER PLAN 5-16 <br /> <br />