b'Capital Region Airport Commission Managements Discussion and Analysis (Continued) June 30, 2025 and 2024 CASH FLOW ACTIVITIES A summary of the major sources and uses of cash and cash equivalents are as follows: FY 2025 FY 2024 FY 2023Cash flows provided by operating activities $ 31,599 $30,362 $ 28,322Cash flows provided by investing activities 7,929 7,153 2,954(Cash flows provided by noncapital financing activities 298212) 14,832Cash flows used in capital and relatedfinancing activities12,491(4,399)(5,172)Net (decrease) increase in cash and cash equivalents 52,317 32,905 40,937Cash and cash equivalentsBeginning of year199,000166,095125,158 End of year $ 251,317 $ 199,000 $166,095Cash flow from operating activities for 2025 increased by $1.2 million or 4.1% compared to fiscal year 2024. Cash flow from operating activities for 2024 increased by $2.0 million or 7.2% compared to fiscal year 2023. In fiscal year 2025, the change is primarily due to a $4.5 million increase in cash received from operations offset by a $2.6 million increase in cash paid to employees and a $0.7 million increase in cash paid to suppliers when compared to fiscal year 2024. Cash flow from noncapital financing activities for 2025 increased by $0.5 million when compared to fiscal year 2024. Cash and cash equivalents for fiscal year 2025 amounted to $251.3 million representing a $52.3 million increase from fiscal year 2024. Cash and cash equivalents for fiscal year 2024 amounted to $199.0millionrepresentinga$32.9millionincreasewhencomparedtofiscalyear2023.The increase in cash and cash equivalents in fiscal year 2025 when compared to fiscal year 2024 is primarily attributed to the $2.2 million increase in operating revenue compared to fiscal year 2024 along with the $2.9 million increase in nonoperating income when compared to fiscal year 2024 nonoperating income. AIRLINE RATES AND CHARGES The5-yearextensionoftheairlineoperatingandterminalbuildingagreementbetweenthe Commission and certain airlines was effective on July 1, 2022. This agreement establishes the methods to be used in determining airline rates and charges at the Airport. The Commission has a non signatory fee policy that adds a 15% surcharge to the signatory landing fee. 14'