MANAGEMENT FINANCIAL CONTROL REPORTING SYSTEM
The Management Financial Control System (MFCS) is designed to provide the director and operating management with quarterly reports that would enable them to determine those specific revenue producing facilities of the airports where net revenue production was less than the minimum standards established by Departmental Port Authority policy. The first step in the development of the MFCS was the renumbering of the airport's cost centers into a codified system that would allow for a more systematic evaluation. The management control groups were sub-classified into "management centers." The management control groups and cost centers are listed, the distribution of indirect or general expenses are discussed and examples are cited. Some of the components of the "Summary Financial Statement by Airport" are noted. This statement provides management with a ready relationship of revenues and expenses for assessing effectiveness in achieving a planned operating margin and in determining the major overall results on a consolidated basis other statements--"The Revenue Margin by Management Center" and "Facility Margin and the Field Unit Expenses by Management Center" are also discussed.
- Volume II of NASA Workshop on Airline Systems Analysis.
Massachusetts Institute of TechnologyFlight Transportation Laboratory
Cambridge, MA USA 02139
- Buchbinder, A
- Publication Date: 1972-6
- Pagination: 16 p.
- TRT Terms: Airport operations; Finance
- Old TRIS Terms: Airport management
- Subject Areas: Aviation; Finance; Operations and Traffic Management; Terminals and Facilities;
- Accession Number: 00155746
- Record Type: Publication
- Source Agency: Massachusetts Institute of Technology
- Files: TRIS
- Created Date: Sep 28 1977 12:00AM