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Airport Finance 27 of the design fees, to bring the agency's balance back up to $92,000 (design fees were $80,000). Month 11 The contractor invoices for $164,000 and the consultant invoices for $20,000. This brings the local balance down to $92,000. Month 12 The local agency is reimbursed by the federal grant for 90% of the construction and consultant costs for construction administration, bringing its balance up to $73,600. Month 13 The contractor invoices for $164,000 and the consultant invoices for $20,000. This brings the local balance down to $110,400. Month 14 The local agency is reimbursed by the federal grant for 90% of the construc- tion and consultant costs for construction administration, bringing their bal- ance up to $55,200. Month 15 The contractor invoices for $164,000 and the consultant invoices for $20,000. This brings the local balance down to $128,800. Month 16 The local agency is reimbursed by the federal grant for 90% of the construction and consultant costs for construction administration, bringing its balance up to $36,800. Month 17 The contractor invoices for $164,000 and the consultant invoices for $20,000. This brings the local balance down to $147,200. Month 18 The local agency is reimbursed by the federal grant for 90% of the construction and consultant costs for construction administration, bringing its balance up to $18,400. Month 19 The contractor invoices for $164,000 and the consultant invoices for $20,000. This brings the local balance down to $165,600. Month 20 The local agency is reimbursed by the federal grant for 90% of the construction and consultant costs for construction administration, bringing its balance up to zero. Each time a payment is made, the owner is able to request reimbursement. However, there is an average delay of approximately two weeks in getting that reimbursement. Actual times may vary regionally. Note that without proper planning, the airport owner is responsible for a signif- icant outlay of monies while waiting for reimbursement. Planning for this outlay is required if the airport project is to be executed successfully. Additional Resources Dillingham, G. Airport Financing--Funding Sources for Airport Development. U.S. General Accounting Office Report 98-71, March 1998. Congressional Research Service Report for Congress, Airport Improvement Program: Issues for Congress. February 26, 2007. House of Representatives Report 110-331, FAA Reauthorization Act of 2007. September 17, 2007. FAA Central Region Airports Division, AIP Sponsor Guide. August 21, 2007. Arizona Airports Association, Arizona Best Practice Guide. April 18, 2007. Wells, Alexander T. (ed.) Airport Planning and Management, 2nd ed. Tab Books, Blue Ridge Summit, Penn., 1992. Gesell, L.E. The Administration of Public Airports, 3rd ed. Coast Aire Publications, Chandler, Ariz., 1992. Exclusive Rights and Minimum Standards for Commercial Aeronautical Activities, AC 150/5190-5. FAA, Washington D.C., 2002. FAA Order 5190.6A, Airport Compliance Requirements. FAA, Washington, D.C., 1989. FAA Order 5100.39A, Airports Capital Improvement Plan. FAA, Washington, D.C., 2000. FAA Order 5100.38C, Airport Improvement Plan Handbook. FAA, Washington, D.C., 2005.