Step 1: Read 1-15 pgs of the Comprehensive Annual Financial Report of Miami 2018 and it can be accessed from this link:http://www.miami-airport.com/library/pdfdoc/Finance/Miami-Dade%20Aviation%20Department%209-30-18%20ISSUED%20CAFR.pdf(Links to an external site.)

Step 2: Summarize the financial aspects as a process of demonstrating your understanding of the financial statement by discussing the following items: (4 marks)

(a) Economic Conditions and Outlook, (b) Passenger activity, (c) Cargo activity, (d) Airline agreements, (e) Passenger facility charges (PFC), (f) Capital projects, (g) Tenant financed facilities, and (h) Major initiatives and longterm financial planning.