Annual Comprehensive Financial Report (ACFR)<\/p>\n
Fiscal Years Ended December 31, 2024 and 2023
\nLittle Rock Municipal Airport Commission (Bill and Hillary Clinton National Airport \u2013 LIT)<\/p>\n
The Annual Comprehensive Financial Report (ACFR) presents the audited financial statements and operational overview of the Little Rock Municipal Airport Commission, doing business as Bill and Hillary Clinton National Airport (LIT), for the fiscal years ended December 31, 2024 and 2023.<\/p>\n
This report provides a comprehensive review of the Airport\u2019s financial performance, capital investments, operational activity, and compliance reporting.<\/p>\n
Financial Highlights (FY 2024)<\/p>\n
$42.3 million in operating revenue<\/p>\n
$27.6 million in operating expenses (before depreciation)<\/p>\n
$12.7 million in capital contributions and grants<\/p>\n
$483.3 million total net position<\/p>\n
Continued growth in passenger activity and air service<\/p>\n
Report Sections Include
\n\ud83d\udcd8 Introductory Section<\/p>\n
Airport service area overview<\/p>\n
Organizational structure<\/p>\n
Executive leadership<\/p>\n
Letter of transmittal<\/p>\n
\ud83d\udcca Financial Section<\/p>\n
Independent Auditor\u2019s Report<\/p>\n
Management\u2019s Discussion & Analysis (MD&A)<\/p>\n
Statements of Net Position<\/p>\n
Statements of Revenues, Expenses & Changes in Net Position<\/p>\n
Statements of Cash Flows<\/p>\n
Notes to the Financial Statements<\/p>\n
\ud83d\udcc8 Statistical Section<\/p>\n
Passenger and enplanement data<\/p>\n
Operating revenue and expense trends<\/p>\n
Debt ratios and bond coverage<\/p>\n
Capital asset schedules<\/p>\n
Regional economic and demographic data<\/p>\n
\u2714 Compliance Section<\/p>\n
Federal Single Audit reports<\/p>\n
Passenger Facility Charge (PFC) compliance<\/p>\n
Schedule of Expenditures of Federal Awards<\/p>\n
This document serves as the official financial record of the Airport Commission and provides transparency to stakeholders, governing bodies, bondholders, regulatory agencies, and the public.<\/p>\n
For questions regarding this report, please contact the Airport Finance Department.<\/p>\n","protected":false},"excerpt":{"rendered":"
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