HomeMy WebLinkAbout154-05 RESOLUTION• •
RESOLUTION NO. 154-05
A RESOLUTION APPROVING AN AGREEMENT IN THE
AMOUNT OF $54,000.00 WITH THE NORTHWEST ARKANSAS
AVIATION TECHNOLOGY CENTER TO PURCHASE SERVICES
FOR THE CITIZENS OF FAYETTEVILLE AND FACILITATE
NATIONAL ACCREDITATION; AND APPROVING A BUDGET
ADJUSTMENT.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
Section 1. That the City Council of the City of Fayetteville, Arkansas
hereby approves an Agreement in the amount of $54,000.00 with the Northwest
Arkansas Aviation Technology Center to purchase services for the citizens of
Fayetteville and facilitate national accreditation. A copy of the Agreement,
marked Exhibit "A" is attached hereto and made a part hereof.
Section 2. That the City Council of the City of Fayetteville, Arkansas
hereby approves a Budget Adjustment in the amount of $54,000.00.
PASSED ". IESKED this 2^d day of August, 2005.
Y oc •G.
•��� •G\S
'
EU• •7�s .13 APPROV
:FAYETTEVILLE•
-y
e; •
J �� By.
ATTEST �eeeeeee'GTo$
By: /Prv.cG. tw�L(1
SONDRA SMITH, City Clerk
DAN COODY, Mayor
• •
AGREEMENT
BETWEEN THE CITY OF FAYETTEVILLE and
NORTHWEST ARKANSAS AVIATION TECHNOLOGIES CENTER,
A non-profit corporation
This agreement entered into on this day of August, 2005, between the
Northwest Arkansas Aviation Technologies Center, a non-profit corporation
(herein referred to as NAATC) and the City of Fayetteville, Arkansas:
1. The City of Fayetteville agrees to purchase the following services for its
citizens to be provided by NAATC, a not-for-profit 501 (C) (3) corporation for the
sum of $54,000.00 to be paid to NAATC. In consideration of this $54,000.00,
Northwest Arkansas Aviation Technology Centers promises to provide the
following services:
A. Operation of a school admitting Fayetteville citizens for training
Aviation Maintenance Technicians at the Fayetteville Municipal Airport (Drake
Field);
B. Conducting tours and educational programs for Fayetteville school
students and participation in the Vital Link and Arkansas Workforce Development
Career Orientation programs;
C. Assistance to Fayetteville citizens desiring to attend this school
and obtain highly marketable job skills by facilitating the Technical Assistance
Scholarship program;
D. Through partnership with the Northwest Arkansas Community
College Aviation Program and Regional Technology Center, NAATC provides
further aviation related opportunities for Fayetteville citizens;
E. Participation in the annual Aviation Boot Camp with openings for
Fayetteville citizens;
• •
F. Ensuring continued operation of Northwest Arkansas Aviation
Technologies Centers and assisting its certification will assist Fayetteville citizens
to obtain federal scholarships to NAATC and will provide favorable economic and
tax revenue impacts to the City of Fayetteville.
(All services and benefits shall be provided for one year following the City
Council's Resolution to permit this payment.)
II. Northwest Arkansas
Aviation Technologies Center agrees that the $54,000.00 shall be spent in
accordance with the Grant Agreement and Special Conditions documents attached
as Exhibit A and that it will abide by all conditions therein.
IN AGREEMENT with all the terms, conditions and promises above, the
officers of the City of Fayetteville and NAATC have executed this agreement on
this day of August, 2005.
NORTHWEST ARKANSAS AVIATION CITY OF FAYETTEVILLE
TECHNOLOGIES CENTER ARKAN AS
L,
kal CHAEL D. KRA t ' MER DA COODY
Executive Director Mayor
ATTEST: ATTEST:
By: Pat a
By: P(1G�sv £,thu
PAULA CAROLLO SONDRA SMITH
Director
City Clerk """""
Acis •G\T Y OF f
=U� • e�7
:FAYETTEVILLE:
s yf,:9Qk4Ns?G Jam;:
'o;;viiii 1
GTON G�,
• •
GRANT AGREEMENT
AND
SPECIAL CONDITIONS
1. DESCRIPTION OF PROJECT. The project described more fully herein, consists of a
grant to NAATC for the purpose of supporting their efforts to continue providing quality
education to Aviation Technician Candidates and to improve their program through
accreditation and association with other institutions of higher learning.
2. NORTHWEST ARKANSAS AVIATION TECHNOLOGIES CENTER (NAATC).
Since July of 1999 NAATC has faithfully trained over 200 Aviation Maintenance
Technicians. In the most recent three years NAATC, as a candidate for accreditation, has
been working diligently to attain full accreditation with a US Department of Education
recognized accrediting agency. During the period all conditions of the accreditation
standards were met except for a profit or "absence of loss" on its financial balance sheet.
Even though the losses, due to lower enrollments, were covered by its investments and
the quality of its program or success of its students never suffered, the balance sheet
losses Jeopardized its candidate status. Loss of status with an accrediting agency means
NAM C will lose its authorization to participate in the Federal Financial Aid programs
that its students depend on. Therefore NAATC has embarked on a campaign to:
a. Be sure that the current 47 students do not lose their financial aid benefits by
contracting with Northwest Arkansas Community College and transferring
enrollments.
b. Seek new accreditation candidacy with an agency aligned with the NWA
Community College and Regional Technology Center (North Central Association
of Colleges and Schools).
c. Expand its programs in high tech fields to present more offerings to local citizens.
3. GRANT EXPENDITURES. A total of $54,000 in Economic Development funds may
be used for the following costs of accreditation and related program improvements for the
Aviation Maintenance Technician Program at NAATC. Costs are associated with the 12
month period beginning September 2005.
a. Certification, licensure and accreditation S20,000
i. State Board licensure - $2500
ii. Accreditation registration, dues, fees, and administrative costs associated
with candidacy assessment (includes audits, annual reporting, and
assessment team visits) - $10,000
iii. Staff training and State teacher licensure and testing - $7,500
b. Program, facility, and equipment improvements associated with and required for
accreditation standards $34,000
i. School Improvement Plan (NCA Accreditation Standards SIP 1 through 5)
- $2,500.
ii. Information System (NCA Accreditation Standards IS 1 through 13,
includes installations or upgrades of existing IT) - $15,000
iii. Process of Education/Program (NCA Accreditation Standards PS I
through 64, includes student/staff development programs and programs
with other schools) - $8,500
iv. Resources and Allocation (NCA Accreditation Standards RA 1 through
81) - $8,000
• •
4. FINANCIAL MANAGEMENT AND ACCOUNTING. NAATC has an established
financial management and accountin6 system, which conforms to generally accepted
accounting principles and complies with US Department of Education Accounting
Standards for administration of public funds. Grant expenditures will be accounted for
and results of project efforts will be reported at the end of the project period to the
appropriate City Official.
5. RECORD KEEPING. NAATC agrees to keep such records as the City may require.
All such records, and other records pertinent to the grant and work undertaken as part of
the project, will be retained by NAATC for a period of three years after final audit of the
program.
6. ACCESS TO RECORDS. The City and duly authorized officials of the City will have
full access and the right to examine any pertinent documents, papers, records, and books
of NAATC, which involve transactions related to this project.
7. REPORTS. NAATC, at such times and in such forms as the City may require, will
furnish the City with such periodic reports as it may request pertaining to the activities
undertaken pursuant to this project, the costs and obligations incurred in connection
therewith, and any other matters covered by this agreement.
City of Fayetteville, Arkansas
Budget Adjustment Form
•
Budget Ycar
2005
Department: General Government
Division: Aviation & Economic Development
Program: Economic Development
Date Requested
Adjustment Number
Project or Item Requested:
$54,000 is requested for the NW Ark Aviation
Technology Center.
Project or Item Deleted:
None. Use of designated fund balance from the Wilson
Springs Economic Development monies.
Justification of this Increase:
The Airport Board in June recommended that General
Fund support the Center with rent for twelve months
ending June 30, 2006.
Justification of this Decrease:
A portion of the Wilson Springs proceeds were set aside
for economic development.
Increase Budget (Decrease Revenue)
Account Name Account Number Amount I'roject Number
Transf to NWAATC
1010 6600 5730 00 54,000
Decrease Budget (Increase Revenue)
Account Name Account Number Amount
Use of fund balance 1010 0001 4999 99 54,000
Project Number
Approval Signatures
Rcyuccted B
udgcctt anager
Date
7-A1/ ar
Date
Department Director Date
2LY_-ats
Date
9//,-
Budget Office Use Only
Type: A B C (4.-1) E
Date of Approval
Posted to General Ledger
Posted to Project Accounting
Entered in Category Log
Initial Date
Initial Date
Initial Date
Initial Date
2e5
• City CouiMecting of: 7/19/05 %6/
Agenda Item Number. ,1
Avg rv'Gl0n
TO: Mayor and City Council ch��%5y
CITY COUNCIL AGENDA MEMO
THRU: Staff/Contract Review Committee
FROM: Ray M. Boudreaux, Director, Aviation and Economj€ Development
DATE: July 1, 2005
SUBJECT: Economic Development Fund support to the Arkansas Aviation Technology
Center to support accreditation effort.
RECOMMENDATIQN: The Arkansas Aviation Technology Center submitted a request to
the Airport for abatement of their rent and utilities for an indefinite period (the letter of
request is attached). Airport staff fully supports the Arkansas Aviation Technology Center
at the Airport and presented the request to the Airport Board at their June meeting. The
Airport Board supported the abatement for an 18 month period but would not support the
funding of the request from the airport fund. The Airport Board noted that the AATC is a
501 c (3) not for profit organization. Staff recommends that the funding to support this
request come in the form of a City of Fayetteville economic development fund grant.
BACKGROUND: The school currently occupies a large hangar at the airport that was
specifically modified for them using State grants and City of Fayetteville building
maintenance personnel for much of the work. The school was located at the Fayetteville
Municipal Airport, Drake Field as the airlines were relocating to the new Northwest
Arkansas Regional Airport. One of their stated objectives was to provide a training center
to support the needs of Ozark Aircraft Systems (OAS) which was also locating at the new
airport. OAS grew initially to a large staff of more than 200 employees many of whom were
trained by the AATC. When OAS failed and subsequently closed, the need for mechanics
dropped and AATC experienced a dramatic reduction in applicants. They have done a great
job adapting to the environment but with the additional expense associated with the
accreditation regime, have had a difficult time maintaining profitability which is a
requirement of accreditation through the Council on Occupational Education (COE). This
process requires the school to invest in many educational improvements which include
media services, staff training, facilities and equipment maintenance and systems
improvements, and requires further that the school have a balanced budget. They maintain
a student load of approximately 45 students, 4 full time employees, one part time employee
and 3 contract instructors. They operate within a $61 1,990.64 budget, most of which is
spent in Fayetteville. Student body increases could change any day as the hangars at XNA
remain available for another aviation maintenance concern to occupy and there have been
many interested lookers.
Aviation and Economic Development Department
Fayetteville Municipal Airpon, Drake Field
4500 South School Avenue, Suite F
Fayetteville. Arkansas 72701
Ray M. Boudreaux, Director
On the balance sheet, the• reditation standard requires an abs of loss or a profit for a
two year consecutive perijrior to full accreditation. The agreet with the Airport
requires that the AATC pay rent of $4,500.00 a month and to cover the cost of their utilities.
In 2004, the school gave up one of its buildings in order to save money. (That building is
now leased to Phoenix Rising Aviation) Accreditation is essential as it results in credibility
for fund raising and allows students to access Federal Financial Aid for tuition. As a 501 C
(3) organization the school is eligible for tax deductible contributions.
DISCUSSION: Accreditation is an essential step for the AATC. Accreditation allows the
school to participate in Federal Financial Aid programs for its students. The accreditation
status results in a participation agreement with US Department of Education. Without
accreditation, students and the school are prohibited from applying for any financial aid.
AATC holds pre -accreditation status which allows the school to participate in the financial
aid programs. Pre -accreditation status is time limited, usually 3 years. They recently
requested a two year extension to the process but were denied. They have asked for a one
year extension but have not received a decision. This grant will allow the AATC to balance
their budget. for 2005 and with an extension, a balanced statement in 2006. Should
accreditation be terminated, through withdrawal or denial, the grant will help insure
support of NWACC for financial aid programs to support their students. Greater than 95%
of the students that attend AATC rely on Federal Financial Aid.
BUDGET IMPACT: Funding is not available in the airport fund. A reduction of
$54,000.00 in the form of rent, would very negatively affect the airport budget. Utilities run
between $16.000.00 and $18,000.00 annually. If financial assistance were to be approved
and the cost allocated to the airport budget, the total cost would be between $70,000.00 and
$72,000.00 annually. Recommend support be provided through the economic development
fund in the form of a $54,000.00 grant. This amount would be sufficient to carry AATC
through a one year period with a balanced budget.
Attachments: AATC Letter
AATC Presentation to the Airport Board
AATC Budget
Staff review form
Aviation and Economic Development Dcp nmeni
Fayetteville Municipal Airport, Drake Field
4500 South School Avenue. Suite P
Fayetteville, Arkansas 72701
Ray M. Boudreaux, Director
•
RESOLUTION NO.
A RESOLUTION APPROVING AN ECONOMIC DEVELOPMENT
FUND GRANT IN THE AMOUNT OF $54,000.00 TO THE
NORTHWEST ARKANSAS AVIATION TECHNOLOGY CENTER
AT THE FAYETTEVILLE MUNICIPAL_ AIRPORT TO
FACILITATE ITS ACCREDITATION BY THE COUNCIL ON
OCCUPATIONAL EDUCATION (COE); AND APPROVING A
BUDGET ADJUSTMENT.
BE IT RESOLVED BY THE CITY COUNCIL OF [HE CITY OF
FAYETTEVILLE, ARKANSAS:
Section 1. That the City Council of the City of Fayetteville, Arkansas
hereby approves a an Economic Development Fund Grant in the amount of
$54,000.00 to the Northwest Arkansas Aviation Technology Center at the
Fayetteville Municipal Airport to facilitate its accreditation by the Council On
Occupational Education (COE).
��F
Section 2. That the City Council of the City of FayettevillrArMansas•
hereby approves a Budget Adjustment in the amount of $54,00100
jt
e
PASSED and APPROVED this 2nd day of August, 2
APPROVED:
A"1TES
By
StiDRA SMYTH, Ciity Clerk
DAN CdOODY, Mayor
Kent Wiamson,
Chairman
CND Feigner,
lAoe Chaiman
Duo* Agin,
Secretary
Bobby New,
Treasurer
Mark Simmons
Ken PhmmJ
David Hausarn
Michael D. KratcMrer,
Executive Diudor
Pavia Caren
Financial lAid Director
•
Date: May 25, 2005
•
To: Ray Boudreaux, Airport Director
Aviation and Economic Dcvdcpmtat
4500 South School Avenue
Fayetteville, AR 72701
From: Michael D. Kratchmer, Executive Director
Arkansas Aviation Technologies Center
4248 South School Avenue
Fayetteville, AR 72701
Dear Mr. Boudreaux,
Arkansas Aviation Technologies (enter is at a turning point in its development and faoes new
challenges that threaten our continued operation. Lower, but stcady enrollments have taken their
toll as we seek to achieve accreditation and improve our relationship with the Community College
and high Schools. Furthermore, we will work to take better advantage of our 501(cX3)
organization to improve or student programs, facilities, and equipment.
In order to achieve success in the coming years, 1 would like to very respectfully request abatement
of our rent, and assistance with our utilities for an indefnite period. I stand ready to present any
information regarding the operation of our school that will assist in making a decision.
My dnoere thanks for everything you and your stag have done.
Executive Director
The Arkansas Aviation Technologies Center
FAA Air Agency Certificate 1 N1 KT082K
4248 S. School Ave Fayetteville, AR 72701
Phone (479) 443-2283 — Fax (479) 443-2266
Drake Field, Fayetteville
February, 10, 2005
•
Presentation to:
The Board of Directors
Fayetteville Municipal Airport
By:
Michael D. Kratchmer
Executive Director
Arkansas Aviation Technologies Center
•
• •
Drake Field, Fayetteville
February, 10, 2005
Presentation to:
The Board of Directors of Fayetteville Municipal Airport
On December 16, 1997 at 9:30 am a group people representing business, local
government, aviation industry and education met to ponder the future of Northwest
Arkansas. The Northwest Arkansas Regional Airport was scheduled for completion in
the 4th quarter of 1998 and with the impending location of Ozark Aircraft Systems
there, the group was faced with the realization that a skilled workforce would be
needed in aviation and industrial technology. Arkansas Aviation Technologies Center
was born that day.
The endeavor was supported by the Northwest Arkansas Council and the Northwest
Arkansas Alliance for Higher Education consisting of University of Arkansas, John Brown
University, Northwest Technical Institute, and Northwest Arkansas Community
College. Thus, AATC was created to implement, deliver, and coordinate an industry -
driven curriculum of training in the fields of aviation maintenance, avionics, electronics,
and such other curriculum as may be necessary to support aviation and industry in
Northwest Arkansas.
Throughout 1998, while the AATC board was considering development of the program
for training technicians, much consideration was given to the location of the school.
Early on, the plan called for an aviation training facility at XNA near the developing
—Ozark Aircraft Systems, but it was agreed that since it would take 15 to 18 months to
train technicians the Board must find a place sooner. It was generally agreed at the time
that the school would be located at the Genesis Center at U of A.
On October 21", 1998, in its regular meeting the board considered a letter from the
Mayor of Fayetteville offering a vacant hangar at Drake Field. It was not until early 1999
that a lease agreement was reached and construction began on the improvements to the
hangar. In November 1998 a grant from AEDC of $1.8 million dollars was presented to
the City of Fayetteville, acting as agent to AATC, for the development of the Aviation
Maintenance Technician School.
Northwest Arkansas Aviation Technologies Center (a.k.a. Arkansas Aviation
Technologies Center) was incorporated June 30th, 1998 as a not-for-profit corporation
chartered exclusively for charitable and educational purposes within the meaning of
section 50I (c)(3) of the Internal Revenue Code. It's positioning at Drake Field was a
move to balance the economic impact of the loss of commercial carriers to the new
regional airport. Following are some accomplishments of AATC to demonstrate that
we have helped to ease that loss somewhat.
Since opening for training on June 14'", 1999 AATC has interviewed 474 prospects at
Drake Field. There are 198 graduates and more than half of those are working in
Northwest Arkansas either in aviation or other industrial or technology related jobs.
2
•
Drake Field, Fayetteville
February, 10, 2005
• •
Our students are working at City of Fayetteville, Cessna Wichita, Cessna Independence,
L-3 Communications, Raytheon, Falcon Jet, Premier Turbines, Sabreliner, Walmart
Aviation, GE engines, Sam's Aircraft, Aviation Maintenance Professionals, Flying
Investments, Beaver Lake Aviation, Blue Sky Aviation, Hughes Aviation, Pheonix Rising,
Continental, American Eagle, Atlantic Coast Airlines, Golden Aviation, HeliTech
Helicopters and AATC. Half of our current staff members are graduates of AATC.
Since it's opening AATC has distinguished itself, Fayetteville Drake Field, and Northwest
Arkansas in ways that many may not be aware of.
• FAA Certification — Our certification carries a high level of confidence with FAA
as evidenced by an exemption from Federal Regulations in the innovative way
that we train our technicians. Only 3 schools in the entire US hold that
exemption. Further, an out-of-state school adopted our training methods and
that generated significant revenue for AATC and national recognition for
Fayetteville at an Aviation Technician Education Council conference in Atlanta.
In January 2005 yet another school, this one in Arkansas, expressed interest in
our exemption. FAA rates AMT schools by number of applicants for
certification tests. There are 6 AMT schools in Arkansas and 23 total in
Arkansas, Kansas, Missouri, and Oklahoma. As of 3rd quarter of 2004, only three
other schools among the 23 have more applicants than AATC. All 3 are in
Oklahoma.
• State Board Licensure — AATC is licensed by the Arkansas State Board of Private
Career Education and continues since it's opening in good standing.
• Veterans Education Certification — AATC is VA Approved by the State
Approving Agency for Veterans Training, Arkansas Department of Workforce
Education.
• National Accreditation — A Candidate for Accreditation since 2002 with the
Council on Occupational Education AATC will host an Accreditation Team Visit
by a peer school for full accreditation in April 2005. If granted full accreditation
AATC will take its place with other great AMT schools from across the country.
The staff at AATC has been working for nearly 3 years to meet accreditation
standards with COE. Participation in Federal Student Aid programs depends on
accreditation. In each of two reporting years AATC exceeds accreditation
standards and is above the national average in completion, placement, and
licensure. Licensure exam pass rate for the previous 2 reporting years was
I00%.
Our graduates have apparently represented Fayetteville well, particularly at Cessna
Service Centers. On December 9th, 2004 I had the distinct honor, with Mr. McClurg
also of AATC, to attend the Grand Opening of the World's largest jet service center in
Wichita By personal invitation from Ron Chapman, Senior Vice President of Customer
Service at Cessna Aircraft Company we joined over 2000 others from around the world
to visit this magnificent facility. Of 152 schools across the country AATC represented
Fayetteville, Arkansas on the VIP list with only two other schools, Pittsburgh Institute of
Aeronautics and Kansas State University Salina. In 2005 the service center will employ
250 technicians and later at full capacity over 500.
3
• •
Drake Field, Fayetteville
February, 10, 2005
Economically speaking, AATC has generated $2,060,000 in revenue since January of
2000 (not including the AEDC grant). It has expended $2,338,000 nearly all of which is
spent locally (about 8% directly to City of Fayetteville). In a comparison with another
AMT school AATC trained 80 technicians in 2003, with a staff of 8 for about $640,000,
while the other school trained 23 technicians, with 19 staff, for $1,400,000. We feel this
is significant and training at AATC is still a good value at $16,500 for the entire program
including tuition, books, tools, and FAA tests
In 2005 AATC will have 22 more graduates and is faced with replacing those with new
AMT candidates. An even greater challenge is facing us as our equipment and facility
continues to age while we consider adding new aviation programs, all desperately
needed for accreditation. Some of our challenges can be met with careful planning and
budgeting but to truly become a world-class aviation training facility in Fayetteville we
will need to increase funding. To date, AATC has met increased cost with tuition
increases.
1 have studied how other public and private not-for-profit technical schools have met
similar challenges. All have successful foundations or internal procedures for funding
program and institutional improvement, student activities, and community involvement.
They use their 50I (c)(3) organization as a tool to funnel grants and donations of money,
equipment and services to benefit their schools, students, and local communities.
Later this month AATC will have the first meeting of its newly formed Aviation Program
Advisory Board. The Board will be made up of individuals from aviation businesses and
educational institutions in Northwest Arkansas. Once formally established they will
begin to formulate plans for the future of the AMT program at Drake Field. Their goals
will then be presented to our governing Board for approval and my staff and I will
implement them. I am certain that much more aggressive fundraising will be at the top
of their list. And certainly our efforts will begin with greater participation in events at
Drake Field.
1 would like to encourage the general public to visit Fayetteville airport. Visit the
museums. Visit the aviation businesses and see what they are doing. Visit the fine
restaurant in the terminal. Learn to fly. Visit AATC. We will be pleased to have you.
Thank you for allowing me some time to reacquaint you with Arkansas Aviation
Technologies Center.
4
0)
W
0
N
0
N
•
•
f ENDING CASH BALANCE
O
O1
Z
O
D
o
y 3 O
CD
dc.
N
m
$
Oti
Jb
`,
z
o
p
N
Aim
✓n
m
_I�
o
3
m
��
N
r Z
JO
.o 2
-N.
N
1p m
n
IO 2 c
m 0
m 0
L d
y =
0
I q
d
N
3
_T
0
o
c
0
u
Q
c
•
G
C
=d
m
N
-I' -c.
d.�C
_'Na
W I N
�i0
w •0.o
�:'o
3
m p
7jn.
NIa
X*
I
O^
J
N
NN'D
-I
NIC
�!,�
Cd
ml�
12
to
0
N
1
Of
J
a
3
o
3
N
O.N
N
N.
J
of
d
-Tio
N
m
u
N
V'V
IG
oio
J
rv3
0
m'd
WIN
re
y'
.T
I J
CI
o
O
�>'N
N.
m
o'b`mml
co
J
R
O
COI
m
m
K'rl1-
m.d
j
ook
x
.g'
�.7
—10
i m
N
d.
-
I
5
c
id
J
1@'
0
T'D in
74m 0
d A £
J'j
W1 N co Of
I-. r^ R
D� 3
aIW i s
1
'n�� G
w
o I CD
5
deo
��
i
Tuition
High School Tuition 8 Other
Student Materials
Interest Income
RECEIPTS
22,611.81 7,590.35
27,500.00 0.00
16,554.24 1,532.78
0.00 0.00 I
(10,945.76) 1.532 78
(10,945.76) 1,532.78
0.00_ 0.00 _
27.500.00 0.00
47,062.75 51,036.72
3.013.52 1.334.00 I
332 89 _ 375.00
0 00 0.00__
808.01 600.00
_ 4,500.00 4,750.00 _
1,736.44 2,150.00
180.00 916.66
_ 52.85 150.00
0.00 885.42
20,087.80 26,666.66
2,938.42 4.166.66
1.251.93 _ 2.084.00
1.012 01 1,566.66
0.00 _ 0.00
23.93 75.00
1761.37 1,166.66
1.98214 400.00
36,116.99 52,569.50
5.85546 3.750.00
1.525.98 0.00
8.87 2 50
30,718.12 47.000.00
4,900.00 4,900.00
490.00 667.00
Jan 2005
Actual Budget
29,843.38 4,298.13
N
vW o
o 0
'co
N O
co oo
to
o
0
O
7.231.57 (3,292.22)
(3,714.19) (1,759.44)
0.00 0 00
0.00 0.00
47,745.96 50,961.72
N
Y+ 21
F
6
opO
'Pa O
00000
i
r
O'
O
o
'
N O
Ca CO
I(T Of
427.46 _ 4,750.00
184.46 2,150.00
13.37 150 00
1,004.06 88542
24.890.45 26,666.66_
3.972.69 4,166.66
1,374_54 1,166.66
1.634.77 400.00
o.0
8'8
0
oo
10
;o
i
1.381.50 2.084 00
1.343.42 1.566.66
54,977.53 47,669.50
4.350 12 3.750.00
5.978.35 0.00
0
N
p
N
g.
985.00 667.00
r53.982.29 47,000.00_
0.00 0.00
Feb 2005
Actual Budget
CAI
-SPN
aA
(0
b
u
f;
N al
{bi
N
W v
N
OOO
cn
O
(3.993.96) 907.78
(7,708.15) (851.66)
0.00 000_
5,572.47 0.00
P
CO
O
♦
0
mN
V
N
935.00 916.66
330.43 375.00
(2.250_00) 0 00
93.59 600.00
1.392.03 1.334.00
9,000_00 4.750 00
1880.79 2,150.00
25,145.90 26,666.66
4.057.65 4,166.66
430.11 150.00
653.44 885.42
1,646.63 _ 1.166 66
112.82 400.00
a
12.
co
to
O
S
co
0.00 2,084.00
1,040.29 1.566.66
334.70 0.00 I
44,536.50 51,869.50
3,902.40 3.75080
j
N
CO
CO
•
8
SG
0.00 4,200.00
43,650.29 47.000.00
Mar 2005
Actual Budget
Y_
1.
Al
_
C
b
cr.
N
0
N
(0
-7.708.15 -851.66
_ 0.00
33.072.47 0.00
143,339.17 152,960.161
W
V f0
N O
O
O O ' 0)
4
O p O
N 0
O
O O
_ 1.115 00 2,749.98
_ 1.009.14 1.12500
(3.750.00) 0.00
0.00
148.61 75.00
4,782.54 3499.98
3.729.73 _ 1.200.00
70.124 15 _79.999.98
10.968.76 12.499 98
496.33 _ 450.00
_ 1.657.50 2.656.26
_ 13827 46 14.250.00
3,501.69 6,450.00
135, 631.0 2 152,108.50
_ 14,107.98 11.250.00
7.839.03 0.00
2,633.43 6.252.00
3,395.72 4.699.98
_ 128.350.70 141,000.00
4.900.00 9,10000
2,354.00 2,001.00
26.32 7.50
Total YR through Quartor
Actual Budget
0
m
m
D
1 x
z d
0
0 0
CU N D
m r o
o
3 Q 7
1
C
0
ro om 0
_
n W
ON
3m
v�
7
N
0
z
•
•
1 ENDING CASH BALANCE
-I
55N
co
°?
< apo
o
n d2
3 'o'
d
co
-
O
m
0
N
N
CD
IY
-I
y
R
3
g;
2
N
D
s
0
J
w
r 2
J°
N
O
n m
an
C °
• CO c
p °:
'a O J
o °
01 18 0
-a ^ N
H o T
O
T 0
-I
O
�j
°
G
c
a
3
J
G
C
tsz
N
N
-I
W
<
N
O
m_
o
�.3
xIm
J�
o•ii
-41-110f/1
d
N.IFIa
3
a
D�
N
a
o'-tIm
J
NH'o
I C
N
`��N-rtm
C
N
a
.ZI
ID
a
3=
a
m
N 3a
-a
O
N
N
o
V�
N
W
N1N
V
R
f7i
O
00)za
o
..Norco
3
m
N
V°
N
N
O
N.a
o
°i
ry
"
J3`N�j�I
ry
0
O
m
O
Mi.r
A
m
N
y
m
f_
O
CIO
01
g.°'
71
7
O
P�me
2
DwyG
N
0
D y y
a 0
G
''3
5 T e
0'
I
ITuition -�
High School Tuition & Other Income
Student Materials / Vending Income
Interest Income
RECEIPTS
10,712.81 1,838.69
0.00 0.00
4,655.24 (4218.88)
O
00
O
O
O
(20.709.08) (3.367.22)
(28,417.23) (4,218.88)
0.00 0.00
62,272.82 51,036.72
co
rs
u
g
pO
88
p
O
O
,Q O
OO
200 00 150.00
605.63 885.42
4.941.91 4,750.00
672.31 2,150.00
0.00 916.66
353.71 375.00
37,422.72 26.666.66
5,090.00 4.166.66
Ato
�.
O
o
O
i
g
O
O
88
O
O
00
41,563.74 47,669.50
8.045.33 3.750.00
368.17 0.00
0.00 2.084.00
950.56 1.566.66
-
t0
N
g
459.00 667.00 j
36.887.45 47.000.00
4.200,00 0.00
N
m D
a
o
spa fT
O
37,246.47 (1453.53)
29,407.50 0.00
31,188.90 (7.511.10)
(2.873.84) (3.292.22)
(31,291.07) (7,511.10)
0.00 000
29,407.50 0.00
0.00 000
52,953.26 50,961.72
351.04 375 00
_(75000) 0.00
6.25 600.00
1.219 94 1.334.00
388.25 150.00
1,306.88 885.42
0.00 4750.00
2.670.02 2.150.00 •
1,053.84 916.66
3.900.00 0.00
4.925.00 2,084.00
1,206.73 1,566.66
0.00 0.00
35.16 0.00
2.993.61 1,166.66
1.508 47 400.00
24,304 43 26,666_.66
4,529.84 4,166 66
50,079.42 47,669.50
3.303.80 3,750.00
ti
W
O
W
N
a
g
O
O
p
g
888
A
U
g
g
O
A
u,
N
0
a
p
8
May 2005
Actual Budget
37,246.47 (695.75)
w
0
8080
0)
O O
IN
0
O
0
O
0.00 757.78
(31,291.07) (6,753.32)
0.00 0.00
0
0
a N
r
N
0.00 0.00
0.00 600.00
0.00 1.334.00
0.00 375.00 j
0
888858
O)
0
O
O
0
p
O
O
0
p
N
0
8
0
P
0.00 0.00
0.00 2.084.00
0.00 1.566.66
0.00 150.00
0.00 0.00
0.00 1.16666
0.00 400 00
0.00 26,666.66
0.00 51,869.50
0.00 3.750.00
0
0088
(N�
O
0 0
W 8
O OS
O
0
a
.8
OO
O
June 2005
Actual Budget
0.00
62,479.97 0 00
0.00
258,565.25 306,070.32
6,844.02 12.900.00
2,168.84 5499.96
1,713.89 _ 2.250.00
(4,500.00) 0.00
957.85 _3,600.00
9.052 38 8,004.00
-18.869 37 001
20.588.60 24.999.96
1,084 58900 00
57
3,0.01 __ 5.312.52
131.851 30 961
8.407.26 6,999.96
7,097.63 2400 00
227,274,18 299,317.00
25 457.11 22,500.00
12,107.20 _ 0.00
_ 7,558.43 12,504.00
5,553.01 9,399.96
150.00
183.77 --- 150.00
_ 210,35354 282.000.00
13,600.00 13.300.00
3,254.00 4,002.00
66.64 15.00
I Total Year through Quarter
Actual Budget
0
m
m
1 d
2
G) w
Dw
n =
Z.
T r.o
o 00
o
m W 0
N C
t^m°
m
-I a:.
nm
Ow
30
0
I
0
2
1 ENDING CASH BALANCE
c
P
ET
u
T
Ci
c
3
07
m
o
m
n
c
0
T
0
CO
O
c
op8a0
��omA_
0
N
o
�
O
a,
co
`
4
c...
-1
N
`c
p
ka
D
C 2
O 2
O
p A
111
• A
0 2
L
y
0
3
u
<
e
p
$
0
-n
0
1
p
o
m
i
-n
E
I,
m Cr
c
a
m
3
C
;131:
R
0
ti'
mita
1NIf
y
u��"..
O
5
0
m
m
J
g1$
-I
;m17"
g
p
'"
I O.
D
-1
tE
O'R
O
N
o
11
CO
0a��.
N
0
R
O-•
N
,.
O
3
3
0
in
�
R.N
u,
01
T.
N
o
ID
m
O
J
m
oo{,,,„HI
`2-
•
an
a
m
m
_
m
O
J
m
•
d
d
N
O
na'
ml%
��?`
W
p
O�
N
O.
m
i
S
m
co
.e
m
i
co
d:,
min
m
y
O
1-
5
C
O
n
0
-
O4 W3 IN A
N N T O
(1
•
aw20
DuyG
3w
- l
5
Tuition
High School Tuition & Other
Student Materials / Vending Income
Interest Income
OPERATING RECEIPTS
37,246.47 (4,062.97)
0.00 0.00
62,479.97
31,188.90 (10,120.54)
0.00 (3.367.22)
(31,291.07) (10,120.54)
0.00 _ 0.00
0.00 0.00 _
0.00 0.00
0.00 51,036.72
O.O
S
go
S
§
0.00 375.00
0.00 0.00
0.00 885.42
0.00 4.750.00
0.00 2,150.00
0.00 916.66
0
O
_
8sib18g0°
0
O
A
S_
0
O
T
10.
0 0
O S
A
O S
0
S
O
0
S
0
0.00 47,669.50
0.00 3.750.00
0.00 0.00
_ 0.00 2.004.00
0.00 1.566.66
0.00 2.50
O
S
0
0.00 _ 47000.00
0_00 0.00
July 2005
Actual Budget
37,246.47 (7,355.19)
0.00 0.00
62,479.97
31,188.90 (13,412.76)
o
88
0
O
O
0
O
O
O
0.00 (3,292.22)
(31,291.07) (13,412.76)
0.00 0.00
o
0 88
�
N
J
N
0.00 1.334.00
0
m0
O
O
0
O
S
0 00 916.66
0.00 375.00
0.00 0.00
0.00 1,166.66
0.00 400.00
_ 0 00 26.666.66
0.00 4.166.66
000 150.00
0.00 88542
0.00 4,750.00
0.00 2,150.00
0
8
O.g
0.O,
O
0
8
0
O
0.00 47,669.50
_ 0.00 3,750.00
0.00 0.00
0.00 2.084.00
1 0.00 2.50
0 0
88
Oi O
V O
8.O
O
0.00 47,000.00
August 2005
Actual Budget
37,246.47 (10,647.41)
0.00 0.00
62,479.97
31,188.90 (16,704.98)
0
8
S
0
00
8
0.00 (3,292.22)
(31,291.07) (16,704.98)
0.00 0.00
0.00 50,961.72
0
8
-.A
A
S
0
8
O
O
0.00 375.00
0.00 0.00
0.00 885.42
0.00 - 4,750.00
0.00 2.150.00
0.00 916.66
0
8
O
S
0
8
S
m
0
8
p"
01
OI 01
0
0
8
A
O
S
0
0
•
S
01
0
0
O'O
O
0
0
O
0.00 47,669.50
0 00 3.750.00
0.00 0.00
0.00 2,08400
0.00 1.566.66
0.00 47000.00
0.00 0.00
0.00 667.00
0.00 2.50
September 2005
Actual Budget
.. _.. _ 0.00
_ 62,479.97 0.00
0.00
258,565.25 469,030.48
(4,500.00) 0.00
957.85 5.400.00
9.052.38 12.006.00
18,869.37 42,750.00
6,844.02 19.350.00
_ 2.168.84 8.249.94
1,713.89 3.375.00
5.553.01 14.099.94
150.00
183.77 225.00
8.407.26 10.499.94
7.097.63 3.600.00
131,851.30 239.999 94
20.588.60 37.499 94
1,084.58 1.350.00
3,570.01 7.968.78
227,274.18 442,325.50
25.457.11 33,750.00
12.107.20 0.00
7,558 43 18.756.00
210,353.54 _ 423.000.00
13.600.00 13.300.00
3.25400 6.003.00
66.64 22.50
Total Year through Quarter
Actual Budget
N
W
N
0
O
(J1
rn
w
0
N
O
O
U
•
•
1 ENDING CASH BALANCE
-I
O
E
_
c by
C. -
0
c m {9
c 2 m
O
d 7
o F
0 n
uc
. 3
T m
O
* T
0
5
n
3,
8Im
mId
m
cc
0
y
n
N
R
3
to
' m
[D
r
J
a
O
a n
m 3
O c
T �: 0
o 5
O $
$ 0
d
= 7
0 -n
5
T
-i
O
B
o
d
3
m
6
C
=
-
g
-�
d
c
N
-'
e?
m
%
R^
'Ia
R
d
o
N
N
m
AS'
$
>
R
N
-1IN
d.c
m
O
J 7J
n
ry
0
Ic.ao
m
y!A
C'd
n
ry
0
N
3
{LiJ
O
3
ry
o
in
T
O_
alto
m.
�
w
T
o
-too
N
T
O
J
o
..
m
3
o
mR
A
R
N
T
O
s
o
_
d
N
_O
-to
mX
1
O
yi
T
H�
0
Mir
o
'o
CO
m
Ip
d
T
N
j
O
�.
N
s
COQ
Iam
>1>
co
aIa
5lm
t.
a
D0
a
0
0
y-1
n m O
m C E
,3
y N .11
on
2a
DI G
it
it
0
I Tuition
Illll High School Tuition 8 Other income
Student Materials
Interest Income
RECEIPTS
37,246.47 (14,014.63)
0.00 0.00
62,479.97
31,188.90 (20,072.20)
O
8
O
0.00 (3,367.22)
-31,291.07 (20,072.20)
0.00 0 00 _
0.00 0.00
0.00 51.036 72
0.00 _ 4,750 00
0.00 2,150.00
0.00 916.66 '
0.00 375.00
0.00 0.00
0.00 _ 600.00
0.00 1334.00
0.00 150.00
0.00 885.42
O
0
0
A
8
8808
O
0
0
ASSA
g
O
0
0
O
O
0
0
-+pp
S
O
0
0
•0
0
0
0
0
0
0
0
+N
88
0
0
0
T
0
0
0
0
0.00 47,669.50
0.00 3.750.00
0.00 47.000.00
0.00 0.00
_ 0.00 667.00
0.00 2.50
October 2005
Actual Budget
37,246.47 (3,306.85)
0.00 0.00
62,479.97
31,188.90 (9,364.42)
o.0
88
0 0$
8.8
0.00 10.707.78
(31,291.07) (9,364.42)
0.00 0.00
0.00 50.961.72
0
888888
za
g888S6
0
0
0
0
N
0
m
0
No
_ 0.00 4,166.66
0.00 150.00
0.00 885.42
0.00 4.750.00
0.00 61,669.50
0.00 3.750.00
0.00 0.00
0.00 2.084.00
_ 0.00 1.566.66
0.00 0.00
0.00 0.00
0.00 1,166.66
0.00 400.00
0.00 26,666.66
0.00 _ 47,000.00
0.00 14.000.00
0.00 667.00
0.00 2.50
November 2005
Actual Budget
37,246.47 (6,599.07)
0.00 0.00
62,479.97
31,188.90 (12,656.64)
0.00 (3.292.22)
(31,291.07) (12,656.64)
0.00 0.00
0.00 0.00
0.00 0.00
0
Co
o
z
N
0.00 _ 150.00
0.00 885.42
0.00 4.750.00
0.00 2,150.00
0.00 916.66
0.00 375.00
0.00 0.00
0.00 60000
0.00 1.334.00
0.00 26.666.66
0.00 4.166.66
0.00 1.56666
0.00 0.00
0.00 0.00
0.00 1.166.66
0.00 400.00
0.00 47,669.50
0.00 3.750.00
0.00 0.00
0.00 2.084.00
0.00 2.50
0.00 0.00
0.00 667.00
0.00 47,000.00
D 4
X
0
3
S
CO N
C O
0 O
p N
62 479.97 0.00
0.00
o
8
258.565.25 611.990.64
0
o
N
Ca
co
m
8
w
8
1.713.89 4.500 00
(4.500 00) 0.00
95785 -- 7,200.00
3.570.01 10.625.04
18.869.37 57.000.00
6,844.02 25,800.00
2.168.84 10,999.92
66.64 30.00
227,274.18 599,334.00
25 457.11 45.000.00
12.107.20 0 00
7,558 43 25.008.00
5.553.01 18.799.92
150 00
183.77 300.00
8,407.26 13,999.92
7,097.63 4,800.00
131,851.30 319.999.92
20,588.60 _ 49,999.92
1,084.58 1.800.00
_ 210,353.54 564500.001
13.600.00 27,300.00
3.254.00 8.004.00
D
c 6
m
co
c y
Q O
oc
0
m
ADm
a —
Z
.0
a D
y
71 XO
r
r
m 2
Q
C
as 0PD
m
n
ro O
0 3
(A 13
.Z1
!A
0
2
•
•
ARKANSAS AVIATION TECHNOLOGIES CENTER
ANNUAL OPERATING CASH FLOW BUDGET COMPARISON
1/1/05 to 05/31/05
RECEIPTS
1/1/05 to 05/31/05
Annual Budget % Collected
Tuition
High School Tuition & Other Income
Student Materials / Vending Income
Interest Income
210,353.54
13,600.00
3,254.00
66.64
564,000.00
27,300.00
37%
8,004.00
30.00
50%
41%
222%
Total Receipts
DISBURSEMENTS
227,274.18
1/1/05 to 05/31/05
599,334.00
Annual Budget
38%
% Used
Advertising & Marketing
Accreditation Cost
Insurance
Janitonal
Legal Fees
25,457.11
12,107.20
7,558.43
5,553.01
Meeting Expense
Office Expense
Other Expense
Personnel Cost - Salaries
Personnel Cost - Emp. Benefits
Postage
Professional Fees
Rent and Improvements
0.00
183 77
8,407.26
7,097.63
45,000.00
0.00
57%
25,008.00
18,799.92
150.00
300.00
30%
30%
13,999.92
Student Supplies
Student Testing
Telephone
Transfer to (from) Restricted Accts
Travel & Training Expense
Utilities
Total Disbursements
131,851.30
20,588.60
1,084.58
3,570.01
18,869.37
6,844.02
2,168.84
1,713.89
(4,500.00)
4,800.00
319,999.92
49,999.92
1,800.00
0%
61%
60%
148%
41%
41%
10,625.04
57,000.00
25,800.00
10,999.92
4,500.00
957.85
9,052.38
258,565.25
0.00
7,200.00
16,008.00
60%
34%
33%
27%
20%
38%
13%
611,990.64
Net Fund Balance
(31,291.07)
(12,656.64)
57%
42%
6/30/2005
2
C_ C_ 0
CO N C
c c
• CO
O 0
CO CO
O O
ter_
C C
0 0
CD
2 >
N
Projected Income (12 months)
Projected Total (12 months)
Lt
c>>
A
-
-)
c
O
c
�=<
CO
c
N
v
KKKKDDDDDkikkTTTTLi_LLx
N
O
,d
Cr)
,-C
CA
,d
CO
v
N
v
Cn
v
co
v
_6
v
Ni
C1
m
CO
a
-I
m
A
m
N
CT
a
CO
Q
--•
a
A
Q
co
co
N
D
A
D>
v
C
CO
FT
Students
1102.76
34
37
38
38
42
A
A
CT
37
30
43
43
A
CA
A
O)
48
44
431
40
a
40
al
N
48
50
48
51,
FT
Students
4.25
834
O
984
r
O
594
1026
CO
A
834
1020
N
CD
0)
13081
CO
a
0
7081
N
a
N
1296
-•
l
0)
NJ
CO
j
CO
N
CO
A
1526
A
0
1325
1494
1392
2
0 T
C -4
y
HS
Students
T
V
N
O
O
O
O
O
O
O
a)
CT
CO
a)
o)
a)
a)
o)
a)
O
O)
0)
O)
O)
O)
O)
O)
HS
Students
O
HS
Hours
0
0
0
0
0
0
0
CD
0
CO
0
CO
0
CD
0
CO
0
0
CD
0
CO
0
CO
0
CD
0
CD
0
CD
0
72
CD
O
72
CD
O
0
A
2
0
c
N
2
co
C.)
O
a
0
0
W
0
0
O)
O
0
0
CO
d
0
0
0
0
z
0
CO
z
0
Z
O
A
Z
0
N
co
0
0
A
O
0
'74
0
O CO C1) CO N O) CD N Cl)
W N
mmmmmcccc
(0
c
N
C`
U
c
CO
c
co
m
43
FT
Students
1102.76
0
2
0,1
N
4.25
HS
Students
T
V
N
O
HS
Hours
Average Students & Number of Hours