Airport Cost Centers definition

Airport Cost Centers means certain areas of the Airport and the Airport System, which are also used in accounting for airport revenues and expenses and for calculating and adjusting certain rents, fees, and charges described herein, and as such areas now exist or may hereafter be modified or extended in accordance with the terms hereof, and as more particularly described below. The Airfield, Terminal 1, Terminal Apron, Terminal 2, Landside Area, IAF, and Other Areas are shown in Exhibits B, C, D, E, F, and G, which shall be updated periodically by MAC to reflect changes to Airport Cost Centers in accordance with the terms hereto.
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Airport Cost Centers or “Cost Centers” shall mean collectively the following cost centers. Such Airport Cost Centers shall be used for purposes of accounting for Airport Revenues and Airport Expenses and for calculating and adjusting certain fees and charges as specified in this Rates and Charges Regulation:
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Airport Cost Centers means the following cost centers, more fully depicted on Exhibit A, to be used in accounting for Airport revenues and expenses and for calculating and adjusting certain rentals, fees, and charges described herein as they now exist or may hereafter be modified, changed, or developed with the approval of the Majority in Interest, as applicable, (also referred to herein as “MII”) as more particularly described below:
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Examples of Airport Cost Centers in a sentence

  • Funding for this contract is available in the Department's 2013-14 Operating Budget in multiple Los Angeles International Airport, Los Angeles/Ontario International Airport, and Van Nuys Airport Cost Centers.

  • The credit will be applied to the calculation of rents, fees, and charges in the Airport Cost Centers that generated the airlines' prior Fiscal Year’s Debt Service Coverage funding.

  • At the end of three (3) years, the City agrees that any janitorial services still being provided by City will be in Airport Cost Centers that are not paid for by Airline, except to the extent that they are part of the indirect cost allocation.

  • The Airport’s annual budget for the most recent past two, current and the next immediate Fiscal Years, including all estimated Airport Operating Revenues; estimated Maintenance and Operating Expenses; estimated annual debt service on Bonds; expenditures for Equipment and Capital Outlays; and expenditures for Capital Improvements for the Airport, all allocated to Airport Cost Centers as provided herein on a consistent basis from year to year.

  • City shall maintain accounting records that will document the following items for each of the Airport Cost Centers: (1) revenues, (2) Maintenance and Operating Expenses, (3) annual debt service on Bonds, (4) amortization of the cost of Capital Improvements financed by City from other than Bonds or grants-in-aid, (5) Equipment and Capital Outlays, (6) any annual funding requirements pursuant to the applicable bond requirements, and (7) any other funding requirements imposed by law or judgments.

  • Loss on reacquisition, resale or retirement of utility's debt securities, when the loss is not amortized and used by a jurisdictional regulatory agency to increase embedded debt cost in establishing rates.

  • This Line Item includes those expenses directly assignable to the Terminal or Airfield Cost Centers and those expenses associated with Maintenance and Operating of the Airport that are not directly assignable but are allocated to the Airport Cost Centers.

  • The majority of Airport Cost Centers are direct Cost Centers which fulfill or provide a specific Airport function while others are indirect Cost Centers which serve to support one or more other cost centers or serve as cost accumulation areas which benefit or support one or more other Cost Centers.

  • ASHEVILLE REGIONAL AIRPORT AUTHORITY AIRLINES' RATES AND CHARGES POLICY Attachment A Airport Cost Centers OVERVIEW AND SUMMARY This document describes and delineates the cost center system ("Cost Centers") utilized by the Asheville Regional Airport Authority ("Authority") to allocate costs and revenues for the Asheville Regional Airport ("Airport") for the purpose of calculating rentals, fees and charges ("Rentals, Fees and Charges") for the airlines serving the Airport.

  • No.AP072809-03 - Cost Center Consolidation – Humphres presented a proposal to consolidate the current eleven Airport Cost Centers down to seven.


More Definitions of Airport Cost Centers

Airport Cost Centers means the cost centers as shown in Exhibit B, as the same may change from time to time. Such cost centers shall be used for purposes of accounting for Airport Revenue and Expense and for calculating and adjusting certain Rentals and Fees set forth in this Agreement.
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Airport Cost Centers means direct cost areas to be used in accounting for Airport revenues and expenses and for calculating and adjusting rents and fees described herein, as shown on Exhibits A and B, as more particularly described below:
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Related to Airport Cost Centers

  • Airport means public-use airport open to the public without prior permission and without restrictions within the physical capacities of available facilities.

  • Electricity Services means the services associated with the provision of electricity to a person, including the exchange of electric energy, making financial arrangements to manage financial risk associated with the pool price, Distribution Access Service, system access service, ancillary services, billing, metering, performing load settlement and any other services specified in regulations made under the Act;