Get the free Passenger Facility Charge Audit Guide for Public Agencies - FAA - faa

4910-13-M DEPARTMENT OF TRANSPORTATION Federal Aviation Administration Passenger Facility Charge Audit Guide for Public Agencies - Procedures for Examining Public Agency Passenger Facility Charge Revenue AGENCY Federal Aviation Administration Department of Transportation* ACTION Notice of Availability. SUMMARY The Federal Aviation Administration FAA is issuing guidance for conducting annual audits of public agency Passenger Facility Charge PFC revenue. Beginning in the year that PFC...

How to fill out passenger facility charge audit

How to fill out passenger facility charge audit:

1. Gather all relevant financial and operational records related to the passenger facility charges.
2. Review the Federal Aviation Administration (FAA) guidelines and regulations regarding passenger facility charge audits to ensure compliance.
3. Identify any errors or discrepancies in the records and correct them accordingly.
4. Prepare the necessary financial statements and reports required for the audit, such as the statement of revenue and expenses, balance sheet, and cash flow statement.
5. Perform a thorough analysis of the financial data to ensure accuracy and consistency.
6. Verify that the passenger facility charges collected were used for eligible purposes as defined by the FAA.
7. Document all findings and supporting evidence throughout the audit process.
8. Prepare a comprehensive audit report summarizing the audit procedures performed, findings, and recommendations for improvement, if applicable.
9. Submit the completed audit report to the appropriate authorities, such as the FAA or the airport management.

Who needs passenger facility charge audit:

1. Airport authorities and management who receive and manage passenger facility charges.
2. The Federal Aviation Administration (FAA) requires airports to conduct periodic passenger facility charge audits to ensure compliance with regulations.
3. Stakeholders and investors may also request passenger facility charge audits for transparency and financial accountability purposes.

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What is passenger facility charge audit?

A passenger facility charge audit is a process of reviewing the financial activities and records related to passenger facility charges collected by an airport.

Who is required to file passenger facility charge audit?

Airports that collect passenger facility charges are required to file a passenger facility charge audit.

How to fill out passenger facility charge audit?

To fill out a passenger facility charge audit, airports need to gather financial records and information related to passenger facility charges and follow the guidelines provided by the regulatory authorities.

What is the purpose of passenger facility charge audit?

The purpose of a passenger facility charge audit is to ensure the proper collection, use, and reporting of passenger facility charges by the airports, in compliance with applicable regulations.

What information must be reported on passenger facility charge audit?

The passenger facility charge audit report typically includes information such as the amount of passenger facility charges collected, the purposes for which the charges were used, any refunds issued, and any significant financial transactions related to the charges.