
Project Cost
The Project Cost module tracks funding sources,
budgets, actual cost, contract draws and contract retention for multiple
projects with multiple cost centers. Change orders are separately accounted
for which allows the airport to review fixed and variable budgets. Budget
variance reports by funding source, project or cost center are available.
Revenue Source Accounting tracks funds from their initial source (i.e.,
federal grant, bond issue, operating revenue) and links these funds
to each particular project, whether it be new construction, renovation,
or on-going maintenance. Multiple funding sources with specific allocations
are available by project and will be applied in user specified percentages
as costs are incurred. Received and earned fund balances are maintained.
Portions of projects (construction-in-progress) can be capitalized and
transferred to the Fixed Asset module automatically. All project detail,
including funding source information, follows the project to Fixed Assets
as a by-product of capitalization. The Project Cost system receives
information from Payroll, Accounts Payable, and Preventive Maintenance/Work
Order modules.
Land Acquisition
Many times Airports will acquire
land as a part of the compatible use component of their Noise Abatement
plan. The Land Acquisition module allows definition of the acquisition
process including initial letter of interest, offer, acceptance, escrow,
payment relocation and subsequent use. The Airport defines the sequence
of events including the levels of review and approval dictated by the
Authority and or Municipality. The Land Acquisition module integrates
with both the Project Cost and Accounts Payable modules to insure tight
control and reporting over funding and payments. In addition, correspondence
associated with any transaction may be generated from the Land Acquisition
module through your word processing capability. The Land Acquisition
module coordinates complex and costly transactions without use of redundant
word processing and spreadsheets. Further, the Land Acquisition System
may be interfaced to a Geographic Information System (GIS), so that
land acquisition phases could be graphically displayed and plotted.
Parcels could be color-encoded to depict the offer/purchase status.
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