Transcript Program Financial Management

Program Financial Management
Escrow Banking
Accounting
Auditing
Escrow Banking
• Establish escrow accounts for passenger funds
with the depository bank.
• Escrow reconciliation
– Daily flight-by-flight.
– Monthly summary
• Escrow transfers/wire instructions for payment to
airlines, fuelers, taxing authorities, airports, etc.
Accounting
• Receive, review and reconcile all airport billing and
revenue:
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Space – ticket counter, gate and back office rents.
Landing, ramp and passenger service fees – aircraft operations.
Security – passenger charges and common fees.
Parking – airport personnel.
Other revenue – Walk-up ticket sales, excess baggage,
upgrades, alcohol and catering sales, etc.
• Program P&L analysis.
Auditing of Invoices
• Flight reconciliation
– Airline block hours
– Airline ACMI invoices.
– Crew movement and accommodations.
• Fuel station uplift and pricing.
– Fuel invoices and exposure reports
• Passenger taxes and fees.
• Contracted station handling.