Finance and Revenue Development Division

The Finance and Revenue Development Division oversees the implementation of MAC financial policies, strategic financial planning and analysis, and fiscal and budgetary practices. Through these efforts the division provides funding for operating and capital expenditures and optimizes revenue generation. This division also oversees revenue development through airport property and concessions management. Additionally, it administers the organization’s risk, insurance and wellness programs.

Finance

The Finance Department is responsible for accounting and cash management functions and for preparation of the annual operating budget and Comprehensive Annual Financial Report. The department secures funds for the Capital Improvement Program and manages payroll, invoices, accounts receivable and MAC investments. It also oversees the acquisition of materials, services and equipment, and disposes of surplus property. In addition, the department manages MSP International Airport’s central services functions in the MAC’s General Office building. 

Revenue and Business Development

The Revenue and Business Development Department oversees revenue generation from airline and airport concession agreements, MSP leases and system-wide non-aeronautical leases. The department also manages MAC property and real estate. 

The department’s Concessions and Business Development team manages lease agreements for food, retail and specialty services at MSP. It also manages on-airport advertising and other revenue-generating activities and operates the MSP Airport Conference Center. Isabella Rhawie is the concessions and business development director.

The department’s Real Estate and Airline Affairs team manages real estate, airline and rental car agreements across the MAC’s system of airports. Mark Bents is the real estate and airline affairs director.

Risk Management

This department administers risk and insurance programs for the MAC. This includes risk identification, evaluation, measurement, preventive strategies, claims administration, purchase of coverage and evaluation of financial alternatives. Employee insurance benefit programs, workers compensation and liability, property and safety efforts are all under the purview of this department.