HomeMy WebLinkAbout2003-03-13 - Agendas - Final • AGENDA FOR THE AIRPORT BOARD MEETING
March, 2003
1 :30 p.m.
Airport Board Conference Room
4500 S. School Avenue
1 . Welcome, Chairman Charles Wallace.
2. Minutes of the February 13, 2003 meeting.
3. Receiving of Reports.
A. Charles Wallace, Chairman.
B. Ray Boudreaux, Director.
1 ) Monthly Report.
2.) Air Show.
C. James Nicholson, Finance Coordinator.
D. Louise Powers, Secretary, T-Hangar Report.
E. Construction Report, Wayne Jones.
F. Maintenance Report, Ray Boudreaux, Director.
• 4. Old Business.
5. New Business,
A. Pricing Policy for Aircraft Fuel.
6, Other Business.
A. Items from the Board.
B. Items from the Public.
7, Meeting Adjourned.
NOTE: The Airport Board will have an informal "chat" session at 11 :00 a.m. on
Thursday, March 13`h (prior to the Airport Board Meeting) while trying out the Airport's
new restaurant: "Wally's Smokeshack and Catering". Bring lunch money.
•
• MINUTES OF THE AIRPORT BOARD MEETING
February 13, 2003
BOARD PRESENT: Charles Wallace, Frank Burggraf, Frank Sperandeo, Mike Andrews, Dave
Bowman
BOARD ABSENT: Rick McKinney, Otto Loewer
STAFF PRESENT: Ray Boudreaux, James Nicholson, Louise Powers
OTHERS PRESENT: Terry Collier-Tenant; David Hollman-Flying Investments; Judy
Hammond-Ark. Air Museum; Leonard McCandless-Ozark Military Museum; Bob Nickle-
Nickle-Hill Group; Robert Dean-Aviation Maintenance Prof ; Barry West-Tenant; Christina
Crouse-Hair Salon; Kristal Dearing-Morning News; Wayne Jones-McClelland Engineers; Matt
Wagner-NW Ark. Times; John P. Ross-Ross Executive Aviation, Inc. ; Jim and Lora Bell-Bell-
Aire; Amy Wolfe-Fayetteville Government Channel
ITEM #1 : Welcome, Chairman Charles Wallace. C. Wallace thanked all those attending the
meeting in person and by television.
A. Results of the City Council Nominating Committee. C. Wallace reported the City
Council would meet next Tuesday night and vote on the nominations. Mike Andrews
• and Bob Nickle have been nominated for the Airport Board membership. Mr. Nickle will
be a new member on our Board and the Board is looking forward to working with Mr.
Nickle.
B. Recognition of Frank Burggraf, departing Airport Board Member. C. Wallace
said when he moved here he wanted to become part of the airport community and one of
the first characters he met was Frank. At first he didn't know how to relate to Frank, but
he quickly found that Frank had a low tolerance for nonsense and his comments would
quickly get to the heart of an item and call attention back to what really is the issue.
Frank 's term on the Board has come to an end, and we don't want him to go. C. Wallace
presented Frank a plaque in appreciation of his dedication and support of Fayetteville
Municipal Airport-Drake Field and then introduced Frank as the Airport Board's
Historian.
ITEM #2 : Minutes of the January 9, 2003 meeting. D. Bowman, new Board Secretary, said
the minutes were in order.
A motion to approve the minutes was made by Frank Sperandeo and
seconded by Mike Andrews. The motion carried.
ITEM #3 : Receiving of Reports.
A. Charles Wallace, Chairman. Said he was looking forward to the Airport Board's
presentation to the City Council next Tuesday. He asked D. Bowman .to report on an
• item discussed today at the Airport Board's Strategic Planning Meeting. D. Bowman told
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• of the Community College's Aviation Advisory Board. It is made up of an American
Airline pilot, the Director of Wal-Mart Aviation, the Head of the Community College's
Flight Department and the Director of NW Arkansas Regional Airport. Their Advisory
Board has reported the shift they are seeing is: major airlines are going to have to
change, there is significant growth at general aviation airports, there is growth in
corporate aircraft traffic, and the Aviation Tech students (at Drake Field) are still finding
jobs in aviation. He said the Wal-Mart Flight Department has been identified as the
biggest in the world. Drake Field is in the position to develop general aviation growth
and bring some of the growth to Fayetteville. C. Wallace acknowledged D. Bowman
participation and the way he represents this Airport. D. Bowman reported he had
recently taken seven aviation students from the Community College to take part in the
High Altitude Chamber in Tulsa and had enjoyed hearing their comments on the way
back home.
B. Ray Boudreaux, Director.
1 ) Monthly Report. Reported the engineering contract for McClelland
Engineers will end on March 7`h. The City is in the process of advertising for
Request for Qualifications (RFQs). A City Selection Committee will then make a
recommendation to the City Council for a three year term. We closed out the
FAA's Certification Inspection, the Threshold lines have been re-painted. The
Ozark Military Museum hangar is coming along and they are about ready to pour
the floor. Staff has moved fence, installed a gate and gate controls so the fuelers
can get to the fuel farm without going outside the fence. The floor was poured in
the FBO hangar on January 2 and they are hanging doors today. The fire
• suppression system is in. Flying Investments' representative reports their hangar
is coming along about the same as the FBO hangar. R. Boudreaux said he had
visited two foreign trade zones and will make the information available.
2) Air Show. We are working on the line-up and wouldlike Board approval
before going ahead with contracts the City Attorney' s Office has prepared. Each
contract will be forwarded to the Mayor for his approval. Leonard McCandless
has agreed to jump, and Bobby Younkin is interested in performing. A jet-truck
will race a P-51 . The Airport will be closed for transient traffic during the
Airshow portion of Airfest 2003.
A'motion to proceed with securing the acts was made by Frank
Burggraf and seconded by Dave Bowman. The motion carried.
C. James Nicholson, Finance Coordinator. J. Nicholson referred the Board to the
charts in the agenda that shows the changes from last month and from a year ago. During
the second half of 2002, aircraft operations increased. Bill Corley is looking into the
trends and hope he will be able to provide some insight. J. Nicholson reported the FBO
had sold over 30,000 gallons in January, mentioning the U. of A. now has two planes.
Regarding the fuel, wholesale prices keep increasing, there has been a 25% increase since
the first of the year. C. Wallace asked that fuel pricing be placed on the March
Airport Board Agenda, and commented it appeared that we are selling more fuel. J.
• Nicholson speaking of the Financial Report, said there may be some year end adjustments
through the City's Accounting and auditors. C. Wallace commented the projected
2
• revenues are higher for year-end 2003 . J. Nicholson said that the projected year-end
2003 expenses are higher because of the Tower cost in 2003, which didn't occur in 2002.
He reported the projects listed at the bottom of the report are proposed projects, not
approved projects. C. Wallace said if we spend our money on all of the projects, our
surplus will be down to $836,940.00., R. Boudreaux said we need to choose our projects
carefully.
D. Louise Powers, Secretary. T-Hangar Report. L. Powers stated all T-hangars are
rented. We did have one cancellation during the month and it was rented again that day.
Part of the month we did have more tenants than spaces to lease, one tenant whose
aircraft was in the shop, made his hangar available. There is a small waiting list for the
hangars.
E. Construction Report. W. Jones reported work on the hangar is moving along. The
final payment request has been sent in on the Pavement Rehab Project and it is less than
originally planned. The Airport saved about 5% of the project cost. Work is continuing
on the utilities for the corporate ramp. They are close to finishing the grading for the
taxiway. Completion date should be mid-March. The apron project should be completed
about the same time, unless we get rainy weather. R. Boudreaux said we will have a
ribbon cutting ceremony. The old parking lot booth is being re-built by the contractor to
be used in Greenland as a school bus waiting facility.
F. Maintenance Report. R. Boudreaux reported there had been problems with one of
the fuel trucks, with the fuel farm, and the GPU quit this week. All were able to be fixed.
The Beacon failed and was NOTAMed out for three or four days and it has been repaired.
He commented that bushes had been planted by the East Gate and the maintenance crew
• had worked hard this last week.
ITEM #4: Old Business. None.
ITEM #5: New Business.
A. Request for Qualifications (RFQs) for an engineering firm for the Airport. R.
Boudreaux said McClelland Engineers contact term is about over and the Airport has to
seek RFQ' s for a new contract. The paperwork is being prepared by the City's
Purchasing Department. Advertising should take place by the end of the week and we
should have the information back to the Board no later than March 15`h. The term is for
three years and McClelland Engineers will submit their qualifications. A City Selection
Committee will make their recommendation.
B. Airport Board Presentation for the City Council Meeting on February 18`"' C.
Wallace stated the Airport Board makes an Annual Report to the City Council explaining
Airport staff is tied to the City government and reports to the Mayor, the Airport Board
reports to the City Council. Their next meeting is on February 18`h and all our Board
members will be there. We have a strong upbeat, positive report that says : Here is who
we are; Where we are; and Where we are going.
C. Airport's 2003 Capital Program. R. Boudreaux said the Airport Board had
approved the Airport' s budget earlier, but this information is provided so a project
priority list can be developed. He said he would like to start with the small corporate
• hangars and the self-service fueler across the field, and would like approval of a Task
Order for the Preliminary Design for the hangars. The "Time Line" shows the steps the
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• project must go through, and we need to begin now to build the first series of hangars and
the self-fueling facility. A grant would be available from the State Aeronautics to help
with the hangars. W. Jones said the Preliminary Design will be $ 14,000.00 and the Final
Design will be $ 12,000, to which R. Boudreaux responded, there will be negotiations.
W. Jones said once the hangar design is in place it can be re-used, with minor
modifications for site location. R. Boudreaux stated the reason we aren't going ahead
with some of the other projects is that it wouldn't be prudent. C. Wallace said we can do
some of the projects without jeopardizing our reserves, saying he would like to keep a
million in reserve. C. Wallace stated we pay for the construction as we go along, then
request our grant payments from the State Aeronautics for their share. There are requests
for two of the three corporate hangars. R. Boudreaux said we have three planes to go in
the FBO hangar when it is completed.
A motion to construct three mini corporate hangars and construct a
self-serve fueling facility on the east side of the airport was made by
Frank Sperandeo and seconded by Frank Burggraf. The motion
carried.
D. Ground Lease for Flying Investments. R. Boudreaux explained it was the basic
Ground Rent Lease, same as for their hangar under construction. Start date would be
April 151 with construction to begin by October 151 , or the lease would be voided. D.
Hollman said their business would be good for the airport and they were planning ahead,
and would even like to build a third hangar. He said they will be doing aircraft upgrades
• and modifications that are mandated. Said he was working with the FAA to use this
airport for the testing, although the FAA doesn't want the testing done at this airport.
A motion to approve the Ground Lease was made by Frank Burggraf
and seconded by Dave Bowman. The motion carried.
E. Maintenance Hangar Lease for Aviation Maintenance Professionals. R.
Boudreaux recognized Jim and Laura Bell, saying Bell-Aire has been the Maintenance
Shop on the airport, and we could call on him day-or-night. Jim has made a decision to
get out of the business and Bob Dean and Mike Sergeant have purchased the business
from Mr. Bell. R. Boudreaux said the airport will help them out by not charging any
rent until May 151 to give them help on their utility deposits. The rent was raised 5% in
accordance with our rent policy. They will be bringing some pretty good customers to
the airport. B. Dean said he worked here on the field for several years then at Springdale
Air. He and Mike bring 32 years of experience to the business, saying they want to do a
good job and they want this to be their last job. F. Sperandeo commented that B. Dean
had helped him get his A & P Certification and Bob has the knowledge of FAR's and
how to work with the FAA on aircraft modifications. B. Dean stated their business
would be a partnership, they had seen the hazards of growing too fast. Eventually they
would like to work with the A & P school.
• A motion to approve the Maintenance Lease was made by Frank
Burggraf and seconded by Dave Bowman. The motion carried.
4
• R. Boudreaux expressed his appreciation of Jim and the work he has done on the airport,
and said Jim will still be here doing the maintenance on the hangar doors. J. Bell thanked
everyone and Mr. Boudreaux for his corporation and promotion of their business.
F. R. Boudreaux requested adding an item . to the agenda. He reported yesterday
someone had came in that wants to bring a restaurant to the airport. C. Wallace said a
vote would be required to add this to the agenda.
A motion to add the restaurant item to the agenda was made by F.
Burggraf and seconded by Mike Andrews. The motion carried.
R. Boudreaux explained the Lease Agreement would be for six months, leasing
approximately 2,700 sq. ft. for $ 11 .00 per sq. ft. per year for $2,500.00 per month, or five
percent of the gross sales, whichever is the least amount. At the end of the six months we
will re-negotiate a new lease. Also, in a future lease, if they have decided they would like
to sell sundries, there might be a different percent for each item. The airport will provide
the refrigerator, freezer, sinks, and electric. The day Mr. Ledbetter takes over, he would
be responsible for his equipment, ovens, and such. We will clean the carpet before they
move in. He also has catering. He is not interested in a liquor license during the first six
months. We have talked about a restaurant patio in the future, where customers can
watch the planes.
A motion to approve the Restaurant Lease was made by Frank
• Burggraf and seconded by Frank Sperandeo. The motion carried.
Mr. Ledbetter wants to open before 6 :00 a.m. He says his breakfast is the best in town.
ITEM #6: Other Business.
A. Items from the Board. D. Bowman announced the Community College's College of
Aviation is having its annual dinner at the Air Museum on March 8`h and tickets will be
$20.00 per person. R. Boudreaux stated that as well as his love for aviation, he has a love
for music and has tickets for the Barbara Mashburn Foundation Concert on March 91h.
B. Items from the Public. T. Collier asked about the Forest Service situation. R.
Boudreaux responded the Forest Service is still paying their rent and McClelland
Engineers is working on their Preliminary Design. Changing the subject, he reported the
cast gate is now chain-driven and he expected to have fewer problems.
Meeting adjourned at 3 : 15 p.m.
• Dave Bowman, Secretary Date
5
FAYETTEVILLE
• AIRPORT ADMINISTRATION OFFICE
THE CITY OF FAYETTEVILLE, ARKANSAS
MONTHLY REPORT
Director, Aviation and Economic Development
Fayetteville, Arkansas
February 2003
Progress continues on our new hangar and ramp area. As expected there have been a few bumps in
the road but nothing significant. When hanging the hangar doors, the weld broke on the lifting bar
and the door dropped and damaged the floor. Fortunately, no one was hurt and the floor is easily
repaired. One door remains without skin as the sheeting was damaged and had to be reordered. The
first load was not the right length. The second should be here soon. We have had some questions
about the heating system and whether it matches the specs we specified. The ramp project is a little
behind due to the weather. We need about ten days of dry to complete the pavement part of the
project. Our estimate of completion has slipped about a month. We hope to have a ribbon cutting
sometime mid-to-late April. We might want to shoot for next month's Board meeting.
• The hangar re-skin projects are nearing completion. We conducted the final inspection and passed
the punch list to the contractor for action. We expect to be able to close the project out in March.
The Ozark Military museum has steel in the air and is making progress as well. With as much
activity going on the field with contractors in and out and fences down and gates open, we need to
continue our awareness of what is going on around us. We depend on our customers to be our eyes
and ears on the airport.
Hopefully, when you come to the March Board meeting, you will notice that a very large eyesore is
gone. The AATC DC-9 should be gone. The school will receive a new 727 training aircraft from
FedEx. The criteria was that they would have the old one removed before the new one arrived. The
FedEx aircraft is flyable and will remain fully functioning as long as it remains on the airport.
We continue to meet on AirFest2003 . To date the line up looks like:
Bobby Younkin in his Learjet
Bobby Younkin in Goliath
Neal Darnell in Flash Fire Jet Truck
Swift Magic Formation Team
Chris Ferguson Pitts act
War Birds Reg Urschler and Doug Jackson
Parachute Flag jump with Falling Stars
•
4500 SOUTH SCHOOL AVENUE, SUITE F • AIRPORT TERMINAL BUILDING FAYETTEVILLE. AR 72701
PHONE 50 1 -718-7640 Ext. 5 • FAX 501 -718-7646
• We have requested military support and will get something depending on what is happening in the
Middle East.
We toured Bob Nickel around the airport and briefed him on what is going on so that he would be
ready to take his position on the Airport Board. We also toured new aldermen Shirley Lucas and
Kyle Cook, new members of the City Council.
The Board made a presentation to the City Council at the February 18`h meeting and was very well
received.
We attended a meeting of the primary Economic Development organizations in Fayetteville, the
Fayetteville Chamber of Commerce, the U of A and us. It was a very productive meeting that helped
define our program to create jobs both industrial and high end R& D jobs in an attempt to slow the
"Brain Drain" from our community to major metropolitan areas like Dallas and Ft. Worth.
The new restaurant is open for business and the food is great.
Aircraft Maintenance Professionals (AMP) our new maintenance operation is doing bang-up
business. They are very happy and so are we. They need more space as does the U of A, who leases
the other half of the hangar.
• Jim Bell inspected the first group of T-Hangar doors. He will be doing 8 to 10 each month until all
are inspected and repaired as necessary.
We received delivery of a small mule for the operations division to use in managing the flight line
operation. This in place of the operations vehicle budgeted. We saved in the 2003 budgeted expense
and in future years since this is a one time expense.
We advertised for qualifications from airport engineering companies and received four proposals. A
committee from the City of Fayetteville selected McClelland Engineering to continue as the
Fayetteville Municipal Airport engineering consultant. We are working on the contract. It will be
significantly different than the last one.
Respectfully Submitted,
Ray M. Boudreaux
Director
•
FAYETTEVILLE
THE CITY OF FAYETTEVILLE, ARKANSAS
DAN COODY, MAYOR
• 4500 School Ave., Suite F
Fayetteville, AR 72701
479.713.7942
AVIATION AND ECONOMIC DEVELOPMENT
RAY M. BOUDREAUX, DIRECTOR
TO : Airport Advisory Board M ber
THRU : Ray M . Boudreaux, Direc
FROM : James Nicholson, Financial Coordin or
DATE: March 13, 2003 VV
SUBJECT: FBO Report
Tower Operations Graph: Below is a graph which depicts monthly aircraft operations
as counted by the Fayetteville Municipal Airport ATC Tower. This graph compares
monthly totals of aircraft operations for the past two years.
ATC Tower Operations Count
o e000
a
N 0500 eavoin
m
n 0000 —
O 2W _ —
`0 2000
g +500 2001/02
• = 'ege 2002/03 I
= a
Felt March ApY May June July AUG Sept Oct Nov Dec Jan Fob
Month
FBO Fuel Sales: As can be seen in the graph below, fuel sales volume for the month
of February decreased 9.7% compared to the previous month's sales. The February
sales level is approximately 110% of the FBO's monthly average volume of 25,744
gallons.
Fuel Sales Comparison
45000
40000
35000
v 30000
25000 —
0 20000 —
15000
10000 - 0110110i
z0oNro7«n
5000 2aovaacNy F3o
0
Fob-OV 02 March April May June July Aug Sept G<t Nov oag Jon-m- 3 Feb
• Month
Local Area Data : Retail fuel prices have increased substantially in February.
Wholesale prices spiked in recent weeks resulting in retail price increases of .03 to as
much as .32 in Jet-A retail prices locally. Retail Avgas price has remained surprisingly
stable despite wholesale price increases. Following is a comparison of regional retail
fuel prices as of 3/13/03:
Regional Jet Center (XNA) Avgas: 3.08 Jet-A: 2 .76
Pinnacle Air (ASG) 2.49 2.21
Executive Air (ASG) 2.38 (SS-2.23) 2 .62
Beaver Lake (Rogers) 2.72 2.43
Hughes Aviation (Bentonville) 2. 70 (SS-2.35) 2.50
Siloam Springs (City-run) 2.35 (ss-1 .99) 2.45
Fayetteville Municipal 2.30 2.20
Regional Jet Center provides discounts on Jet-A; . 10 @ 500 gals+, .20 @ 1 ,000 gals +
The Graph below illustrates wholesale fuel price increase trend since January 1St, 2003.
• Wholesale Fuel Price Trend
30%
25%
20% % Chg Jet
15% % Cha Av
10%
5% —
8 0%
5%
1-Jan 8-Jan 15-Jan 22-Jan 29-Jan 5-Feb 12-Feb 19-Feb 26-Feb 5-Mar 12-Mar
Week 2003
FYV Fuel Ops Facts:
Average monthly fuel sales: 25,744 gals
February 2003 fuel sales: 25,201 Jet . 88.5%
3.263 Avgas - 11 .5%
28,464 Total
Jet-A sold to FYV-based customers in February: 91903 - 39.3%
Jet-A sold to transient aircraft customers in February: 151298 - 60.7%
• Avgas sold to FYV- based customers in February: 11541 - 47.2%
Avgas sold to transient aircraft customers in February: 19722 - 52 .7%
Gallons Sold
N N W
O O O O O O
O O O O O O
O O O O O O O
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• City of Fayetteville Arkansas
Airport - Drake Field
Operating Statement - Airport Board
For the Month Ending: 28-Feb-03
2002 2003 2003 2003
Actual Budgeted Actual YTD Prjctd Yr End
Operating Revenue
Rents & Leases 287,035 336,350 60,767 364,602
Aviation Fuel 499,471 1 , 100,000 93,728 682, 177 .
Miscellaneous 16,461 35,000 3,337 20,022
Total Operating Revenue: 802,967 1 ,471 ,350 157,832 1 ,066,801
Operating Expenses
Personnel 312,807 361 ,612 57,009 342,053
Materials & Supplies 12,464 44,590 8,619 51 ,712
Aviation Fuel Purchases 320,641 630,000 74,311 4640128
Services & Charges 179,982 266,392 26,715 160,291
Cost Allocation to General Fund 144,612 144,612 24, 102 144,612
Maintenance 48,874 55,610 3,875 59,747
Operating Capital / Equipment 25,206 - - 4,999
ATC Tower Costs - 192,500 - 192,500
Total Operating Expense 1 ,044,586 1 ,695,316 194,631 1 ,420,042
• Change In Fund Balance (241 ,619) (223,966) (36,799) (353,241 )
from Operations
`i
• City of Fayetteville Arkansas Page 2
Airport - Drake Field
Airport Fund Statement - Airport Board
For the Month Ending: 28-Feb-03
Beginning Funds Available - 01/0112003 2,474,359
Airport Fund Revenue YTD Projected YE
Interest on Investments 9, 183 55,098
Non-Op Miscellaneous 65 390
Total Fund Revenue 9,248 55,488
Airport Fund Expense 2003
Capital Project Expense / Grant Matching YTD Projected @ Completion
AIP #29 - Pavement Rehab 5,533 47,099
AIP #30 - Taxiway A Extension Design - 51836
AIP #31 - Taxiway A Ext. Construction - 71 ,500
Hangar Rehabilitation 27,495 36,552
Corp Ramp Pavement 119,272 334,008
FBO Hangar 238,206 510,960
Executive Hangar 3@ 60x60 - 225,000
East-side Self-serve 100LL 25,000
10 Bay T-Hangar - 350,000
• Total of Project Expense - Airport Fund 390,505 1 ,605,955
Income Less Expense (381 ,257) ( 1 ,550,467)
Change In Fund Balance from Operations (36,799) (353,241 )
Ending Funds Available 2/28/2003 2,056,303 570,651
Debt Service Expense: $0 $0
Outside Grant Funds Contributed
YTD Projected YE
State 252,934 956,556
Federal 99,594 2,239,833
Total: 352,528 3, 196,389
•
• FAYETTEVILLE
THE CITY OF FAYF.TTEVILLE. ARKANSAS
DAN COODY, MAYOR
MEMORANDUM
TO: Chairman Charles Wallace
Airport Board Me rs
FROM : Ray M. Bond
DATE: March 12, 2003
SUBJECT: Fuel Pricing Policy
Due to the drastic changes being experienced in the delivered price of fuel, it is imperative we
decide on a procedure for the setting of retail prices. I recommend that we decide on a markup
over the cost of sales or overhead. I will use 29,992 gallons per month average sales to
• determine the cost of sales. This is the average monthly sales for the first two months of 2003.
Cost of Sales: Jet A Av Gas
Truck Lease: 0367 .2065
POS .0013 .0013
Personnel 2907 .2907
Insurance 0292 .0292
Advertising 0203 .0203
Total Cost of Sales : 3782 .548
Aviation and Economic Development Department
4500 South School, Suite F
Fayetteville, Arkansas 72701
• (479) 718-7642
Ray M. Boudreaux, Director
rboudreaux@ci.fayctteville.ar.us
The delivered cost of fuel has been increasing steadily. We will use the cost of fuel for the last
deliveries in 2003 . We have purchased 8 loads of Jet and 1 load of AvGas.
Delivered cost of fuel
Wholesale 1 .251 1 .5446
FET .219 .194
Environmental fee 002 .002
Total Delivered Cost of Fuel 1 .472 1 .7406
Total cost of Fuel 1 .8502 2.2886
Margin 30 .06
Total Retail price 2.1502 2.3489
Sales Tax .1612 .1799
• Total Cash Price to customer 2.31 2.53
RECOMMENDATION:
Due to the volatility of the cost of aviation fuel, it is imperative that we establish a pricing policy
that allows us to maintain a margin that produces the revenue required to operate and maintain
the airport. We have two revenue streams, rent and sales. Recommend that we use the following
formula to establish the retail price of fuel.
Jet A :
Cost of fuel + Cost of Sales + .30 + Sales Tax = Total Retail Cash Price*
Av Gas :
Cost of Fuel + Cost of Sales + .06 + Sales Tax = Total Retail Cash Price*
*Credit Card fee = 2.5%
Aviation and Economic Development Department
4500 South School, Suite F
Fayetteville, Arkansas 72701
• (479) 718-7642
Ray M. Boudreaux, Director
rboudreaux@ci.fayetteville.ar.us
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A( NORTHWEST ARKANSAS TIMES Sunday, February 16, 2003
Congress announces 2003 funds for state projects
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bers of the Arkansas Science$1.614 million for Antmai supplement the procurement
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Congressional Delegation Science Todd Safety Conanth Arkansas, The hands coon hto University of
- of ADA vans and small bus
today announced Net the dum for food safety research for Arkansas` 250 community the University of Arkansas
and education in Arkansas, service organizations saving Division of Agdcuh= to
approropriations package Year 2003 omnibus
has Illlnos, and Kaasae. In disabBl the ekledy and er with engineering solutionsntpro
been approved by Ne full Arkansas, the University of
House and Senate, and con- Arkansas Division of Agkad- • $2.27B•BBB m the US. 412 vide watershed management
hilus millions of dollars for one.University of Arkansas for Springdale Bypass in Spring- tools' significantly redi the
numerous Arkansas projects. Medical Science and Arkansas dale. nan-point � pollution of
spending packChildrens Hospital will berm- • $1.75 million for US. 412 thesurfaceandgromndwatem
age b now
The monde a to be
Ile 1 m widen the the corridor m four and provide adequate waterm
primed. a $122 million for Institute lanes. No specific area has meet urban and 09exultnai -
for Food Science and F.ngi- ' been designated along the demands_ The problems
denied Into law h1' President neering at the University of highway for this funding. addressed in this prefect will
a newss release,
GcowW. Bush, according to Arkansas. Fayetteville for food I1 9 32.5 million Northwest benefit other southern and
science and nutrition research tion. ( AdoncssRegional Airport for mutheastem stoma expedmc.
The five members of the rt dm0ar water quality and
gation who ArimeU• Congressional Dele• a 5$195000 for Bed Pmduc- 1 The nation Appro- quantity problems.
ass anted tum the prof- era Improvement at the Un- priatlons bill also.dirttls that $450,000 to Fayettevmn:
today are ar varsity of Arkansas, Ferret- priority will be given m appli- These funds will be used for
taflowx Sen. Blanche Lincoln, tevllle tw research and educe- cations huvolvhug the further regional wastewater system
Aep Merlon Berry (1st Db- don on management tech- development of the following improvements.
triN, Rep. Vic Snyder (2nd Nqua for Nle Industry. ahPnata 3900,tN10torNetntepated
District), Rep John Boorman .rne �ture MDtoPda Drake Field Airport in Petroleum Environmental
(3rd District), and Rep. Mike tloas bon also directed that the , Fayetteville for assistance in Consortium The ConsoNrm
Rats (6th District). following Projects be funded at changing from a regional as- includes the University of
• The 3397.4 billion omnibus FDscalYear20021eveh: port on a general airport. Arkansas. the University of
spending package. which is • National Center for Agd- The Energy and Water Tidso, the UnheNry of Okla-
comprised of l l of the govern. cultural Law Research and 1 Appropriations bill also home and Oklahoma State
men's 13 annual spending Information at the Lefler includes funding for two University. @EC develops,
bits, passed the House of Rep- , School of law at the University Northwest Arkansas water cost-effective window for
mmmaadv last night by a vote ofArlsnsas, Fayetteville. projects Pmane planning stage environmental
nvirot faced mentaly the mesticroblerns
pedok-
of 336.83, and the Senate by a • Appropriate Technology
vote of 76-20. Transfer for Rural Areas Pro- • $600,000 for the White um Industry
Inst October, two of the 13 Bram. TeYattvlBe• River Comprehensive Study in The following is a project
- spending bons, the Flscal Year , The following is far d pro)- Arkaosas and Missouri co
for Northwest Arkansas n-
2003 Defense Appropriations , ecs for Northwest Arkansas • $200,000 for the White mined in the Commerce, Jus-
Conference Report and thecontained in the Ttanspmta- Riva Minimum Howl invesd- ter, State Appmpdatlmn bID
Fiscal Year 2003 Military Con- don Appropriations bill gation. included in the Omnibus
Included In the Omnibus Operations and Mainte- Pat'intge:
struction Conference Repot. Packs notice (projecra listed were • $900.000 to the Arm
were passed separately and • $45 minim for Arkansas brerased over Bush Adminis- Alliance of Boys and Gids
contained slgril cant mamas- .buses and bua facil des tretion'a request): Chubs to expand after-Khoo]
a for military projects in the • 322 moon to the White progtamt thug and violence
state. statewide. Funding will be Riec prevention activitband men-
The following Is a list of used to purchase new and The following is lid of pmj- mdng at-risk chfldrea 'there
projects for Northwest repsmnent vans and buses acs for Northwest Arkansas are 31 Corporations In
Arkansas contained In the for Adounas` smart urban and . contained In the VA-HUD Arkanss that operate 57 Boys
cldnth � co nstruct and GirlsClubs
Appropriations in the errors This fundings
included Ibus mtlo and m
. . .- . designed m asst an Bora and
Package:
Girls•