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HomeMy WebLinkAbout2010-09-09 - Agendas - Final • Director Ray Boudreaux aye I Chairman - Bob Nickle Financial Coordinator lames Nicholson ARKANSAS Vice Chair - Janice Stanesic • Senior Secretary Louise Powers Secretary - David Hallman Member - Otto Loewer Member - Vaughn DeCoster Member - Richard Greene Member - Tim McCarley Agenda Fayetteville Executive Airport Board Meeting 1 :30 p.m., Thursday, September 9, 2010 Terminal Building Conference Room, 4500 S. School Avenue City of Fayetteville, Arkansas As a courtesy please turn offall cell phones and pagers. 1 . Welcome — Chairman. 2. Approval of the Airport Board Minutes of the August 12, 2010 meeting. 3. Receiving of Reports. A. Director Boudreaux, report on Airport Activity. B. Financial Coordinator James Nicholson report on FBO and Budget. C. Louise Powers report on T-Hangars. D. Wayne Jones, McClelland Engineers, report on construction projects. E. Museum reports. 4. Old Business. • A. Update: SkyVenture Lease. B. Update: A Fare to Remember Lease. C. Update: New Airport Emergency Plan (AEP) progress. D. Update: Airport Table Top Emergency Drill comments. 5. New Business. A. Grant Request for fuel farm repairs before the Arkansas Aeronautics Commission on Tuesday, September 14ih in Little Rock. B. Arkansas Airport Operators Association (AAOA) meeting October 10-121° in Hot Springs: C. FAA Annual Fall Conference November 15-171h in Fort Worth. 6. Other Business. A. Items from the Public. B. Items from the Airport Board. 7. Meeting adjourned. NOTE: Next Airport Board Meeting: 04, 14 , Z010 Strategic Planning Meeting: ZSept . 1% ', aoIQ 121, 00 --&) Of->A3 Lurch Pro 4500 SOUTH SCHOOL AVENUE, SUITE F • AIRPORT TERMINAL BUILDING • FAYETTEVILLE AR 72701 479.718.7642 • 479.718.7646 FAX • v .accessfayetteville.org/govemmentlaviation airport_economic_development@ci.fayetteville.ar.us FAYETTEVILLE EXECUTIVE AIRPORT BOARD MEETING August 12, 2010 MEMBERS PRESENT: Bob Nickle, Otto Loewer, David Hollman, Janice Stanesic, Richard Greene, Tim McCarley MEMBERS ABSENT: Vaughn DeCoster STAFF PRESENT: Ray Boudreaux, James Nicholson, Louise Powers OTHERS PRESENT: Kristin Baciuska-Loomacres; Wayne Jones-McClelland Engineers; MaryKathryn Floyd and David Floyd-Million Air Fayetteville; Warren Jones-Arkansas Air Museum; Terry Gulley-Transportation/City; Skip Descant-NW Ark. Times ITEM #1: Welcome-Chairman. ITEM #2: Approval of the June 10, 2010 Airport Board Minutes. A motion to approve the minutes was made by Janice Stanesic and seconded by Tim McCarley. The motion carried. ITEM #3: Receiving of Reports. A. Director Boudreaux, report on Airport activity. Reported the flight activity was down by 7% and the fuel sales were down 9%. Suggested fuel sales may pick up after school starts. • . Announced that MaryKathryn Floyd is now the General Manager for Million Air Fayetteville, and wished her well. Blaise Sharkey took a position, within Million Air, in New York. The 16 RSA project is progressing. He apologized to the TV audience for any inconvenience to those traveling the roadways during this project. We filled some T-Hangars and lost more T-Hangar tenants. We are now renting the hangars for storage, and will rent with the first month free if renting for one year. Introduced Kristin Baciuska of Loomacres. Loomacres was hired, through submitted proposals to conduct an Environmental Assessment Study. They have rented office space in the terminal to handle their mid-west business. Kristin Baciuska: Said their company is conducting wildlife assessments at this airport, and others in this area. The study is FAA funded. The objective is to locate any wildlife species within five miles of the airport, post the wildlife data , doing field work for twelve months, submit the report to the FAA, then develop a management plan. Everything is food for something bigger. Stated this airfield is immaculate, which you don't see very often, and was amazed how great staff takes care of the airfield. Ray asked Kristin to come back and report to the Board in three or four months. Ray continued with his report: Said the computer failed on the self serve fuel farm and about 1 ,000 gallons went uncharged, it showed on the register but was not charged. The FBO received the military fueling contract and the military inspected the FBO fuel farm and some work is required. The City requires three bids. We have applied to the State Aeronautics for a 90/10 grant, with the FBO agreeing to split the 10%. The military fuel contract will hopefully increase • our operations and fuel sales. The City agreed to refinance the loan to the Airport for the two corporate hangars, which reduced the rent to the tenants, SkyVenture and Million Air. The refinancing didn't hurt us and helped the tenants. He thanked the City Council, Budget Department for their support. Executive Aviation moved their charter service to Springdale, and I David Powell their partner, bought the FBO in Springdale. We will miss their operations here. • On August 19`n we will be conducting the FAA required Airport Table Top Emergency Drill, which will involve Fire, Police, EMS, County, and others. Rick Johnson of the Washington County Emergency Management will conduct the drill, so Ray can take part in the drill. The Airport has received an FAA template for a new Emergency Plan. B. Financial Coordinator James Nicholson report on FBO and Budget. James displayed the agenda charts on the screen. Stated this year the operations are 9% behind, although there has been a stable fuel increase in July and a lot of flying the last few months. Aircraft companies report that recovery is slow and will take about three years to clear out the aircraft for sale. The fuel sales will reflect in our budget/revenues for 2011 , and the next few years. C. Louise Powers report on T-Hangars. We have rented a few hangars and lost a few tenants, and currently have three single engine hangars and two twin hangars for rent. D. Wayne Jones, McClelland Engineers, report on construction projects. Reported the traffic on the relocated highway was like a race track for a while and received assistance from the Police. Had a meeting with Standard Register and addressed their concerns about their entrance/exit, and fencing. The project is 51 % complete. There was additional cost in the easement to Spurlock, but that was offset with reduced cost of the crushed stone for Highway 71 . Target date for completion is October 12'a. Mrs. Paschel does not want to sell, prefers having fencing as a traffic barrier, probably with reinforced wood. The plan will have to be submitted to the FAA for approval. E. Museum reports. Warren Jones reported having attended the air event at Oskosh. Thanked Richard Greene for purchasing four large fans for the hangar. On August 2151 the Museum will have the performers from the Rogers Little Theater performing the songs from South Pacific, • with a social hour at 6:00, a dinner at 7:00 music at 8:00, and at 9:00 there will be DJ music with music from that period. The cost for the dinner/musical is $75.00 per person. You can pick up tickets from Lou in the terminal or at the Museum. This Saturday the EAA will conduct the Young Eagles program at the Rogers Airport. Saturday the "99's", a women's organization of pilots will have a fly-in at the airport and they are flying in from all over the State. The 99's painted the compass rose on the airport ramp about five years ago. Mentioned he has a daughter that is a pilot and the FBO's new employee, Whitney, is a pilot, and have invited them to attend. We want to encourage young women to become involved in aviation. In school presentations we use MaryKathryn, FBO General Manager, as a role model to what students can do in aviation. We have had leaks in the Museum's sprinkler system. Cost is $5,600 for labor, parts, and installation, and we will be applying for a grant. ITEM #4: Old Business. A. Update: Hangar Loan Refinance. Item has already been discussed, but referred to the Loan Amortization page in the agenda. B. Update: Budget 2011. Referred to the charts in the agenda, and noted items that relate to the monthly report: Rents, Leases, Aviation Fuel, Flowage fees, FBO and Miscellaneous which is a one time fee, (i.e. Bendix' s Temporary Use of the ramp). Rent is down $4,000, terminal rent down $8,000, based on losing several tenants. Aviation fuel and Flowage fees are down because volume sales have diminished. Answering why the utilities were up, repairs were made to the HVAC system and it now functions as designed, providing proper temperature to each room. Prior to that we needed heat we turned it on, needed air we turned it on, now it is constantly on • 365 days. Otto said we were looking at the wrong numbers, should check the BTU's, the bills have the energy usage. Regarding other items in the proposed budget, we have been askedto take over the utilities for the ARFF building. Our budget projections for 2011 show a $70,000 2 • deficient. We have lowered the personnel cost, by not replacing Leon. Thanked Terry of the City's Transportation Department for providing personnel and equipment assistance for some mowing and weed eating. Ray said we are doing all we can to save money. Chairman Nickle said we did not budget revenue for the big hangar, if we can find a tenant that will be additional revenue. Losing .Leon, we paid out lump sum of about $20,000 for benefits when he left the City. That was not budgeted. A motion to approve sending the Airport's budget to the City Council was made by Otto Loewer and seconded by David Hollman. The motion carried. C. Update: SkyVenture Renewal. The Airport submitted a new lease to SkyVenture and they had turned it over to their attorney for review. ITEM #5: New Business. A. A Fare to Remember Renewal. The Airport recently had a meeting with Paul and Jayn Parenti and Bob Nickle and they would like to renew their lease with new provisions. The Airport did not agree with their proposal. Their. catering business is off, less business, they are behind on the Base Rent, and behind on the percentage rent. They feel they are being hit double paying the airport for off-site events as they pay a fee for the off site locations (i.e. Town Center). We propose they pay 20% each month to catchup the Base Rent, consider the 10% as part of their remodeling of the event room, the new lease would be for one year, and if they don't catch up by the end of the year, then everyone calls it quits. They are getting calls for events in • January and February and can't commit until they have an agreement with the Airport. Said we built in some incentives in the lease. A motion to approve the lease was made by Tim McCarley and seconded by David Hollman. The motion carried. B. Fuel Farm Repair. Previously discussed. C. Set a Planning Meeting with the major partners on the Airport. The major businesses on the airport are: Million Air, SkyVenture Aviation, AMP Devol Aviation, Wings Avionics and the City. We all need to make pro-active decisions to help keep all going, sit down and discuss how -to survive the economic tum-down. All agree on Thursday, August 26's at 3 :30 p.m. in the Airport Terminal Conference Room. ITEM #6: Other Business. A. Items from the Public. None. B. Items from the Airport Board. Tim McCarley reminded everyone of the memorial on Sunday at 4:00 at George's for Windy Austin. MEETING ADJOURNED AT 3 :00 p.m. David Hollman, Secretary Date • 3 0 THE CITY OF FAYETTEVILLE, ARKANSAS • Tav evl AVIATION AR 7201 4500 5 School Ave, Ste F Fayetteville,AR 72701 AP KANSAS P (479) 718-7642 September 3, 2010 MONTHLY REPORT Aviation Department Fayetteville, Arkansas For the Month of August, 2010 • ACTIVITY: The summer slide continues as operations fell to 2513 for the month below the monthly average for 2010. Fuel sales also fell 18% compared to last month to 24,830 ga ons. Thanks to the new military contract fuel sales for more than 20% of sales total. • RUNWAY 16 RSA IMPROVEMENT PROJECT: Sweetser Construction continues to make good progress thanks to the great construction weather. The most visible improvement to the project is the re-channeled Airport Branch Creek which has been greatly improved to go around the safety area. With the gentle banks the area will be a great place to have a sandwich and watch aircraft taking off and landing once the project is complete. Stabilization fabric has been placed on the banks to keep the slopes constant over the years. We will be able to mow the slopes so it proves to be a very attractive addition to north end of our airport. Ernest Lancaster is nearly ready for asphalt. It should . be open for traffic by the end of September. • RUNWAY OBSTRUCTION REMOVAL PROJECT: No activity this month. • AIRPORT BLOOD DRIVE: The bloodmobile is scheduled for September 16, November 24 and January 27, 2011 . Call Lou for more information and to arrange an appointment time. Thank you to all that have donated and those who have tried. Spread the word, bring a friend next time. • T HANGAR FOR RENT: Two more tenants have sold their aircraft and vacated their T Hangars. We now have 7 empty. We are still offering one month free for a 1 year lease. We will rent for storage with the understanding that if we fill up and need the unit for aircraft, storage tenants will be asked to move out. Last in first out. Spread the word that space is available at Drake. • WILDLIFE HAZARD ASSESSMENT: Loomacres Wildlife Management has continued to make routine visits to the airport conducting the wildlife surveys. They made a presentation to the Airport Board at the last Board meeting and fully explained the project. We have had to eliminate several coyotes inside the fence. They love to use the runway as their comfort station. • SELF SERVE MOGAS PUMP FAILURE: The MOGAS pump finally failed and we have been unable to get parts to repair it. Even though it is only a few years old, the pump is obsolete. We have installed a new (used) system that we will hopefully be able to maintain. • FUEL FARM GRANT REQUEST: The City Council approved our,project to repair the fuel farm. We will present our grant request to the State Aeronautics Commission for repair of the overfill protection system at the fuel farm. We had only one company respond, ARK-O Petroleum Equipment, to the request for bids. • AIRPORT TABLE TOP DISASTER EXERCISE HELD : August 19, 2010 your airport conducted its bi-annual disaster exercise. As part of the FAR Part 139 Airport Certification, we must • conduct the exercise every two years. This year Rick Johnson developed the scenario and conducted the exercise. We had all responder organizations, hospitals, ATCT, staff and representatives from the County and City of Fayetteville present for the exercise. FAA has required that all Part 139 airports develop a new Emergency Plan. We are in process of developing a new plan for Drake Field and Telecommunications Device for the Deaf TDD (479) 521-1316 -] - 113 West Mountain - Fayetteville, AR72701 r hope to have it completed by mid September. The new format is 119 pages in length and covers all • perils including floods and other natural disasters. • . AIRPORT LOA WITH VANCE AFB: Million Air-Fayetteville' s DESC contract for sale of fuel to military aircraft is paying off. Several months in the works, a Letter of Agreement has been signed by the Airport, Million Air and the Air Training Wing at Vance AFB for training at Drake Field. Today, September 3, 2010 the first of what we hope will be many T-I (Beech Jet 400) aircraft visited the airport for multiple approaches, debriefing and a little lunch. Pending is an agreement with the C- 130 Wing at Little Rock AFB for use of Drake Field for training missions. The training staff from Little Rock will be here in September to brief and train the fire department in C-130 extraction and firefighting procedures. The agreement with Little Rock has been in the works for over a year. We look forward to supporting the Air Force at Drake Field. • ARKANSAS AIR MUSEUM TO HOST RHYTHM AND RIBS: Plan to get your tickets to Rhythm and Ribs at the Museum October 16. The South Pacific dinner theater event was a great evening with some of the best performers I have ever seen. The Museum looked great, the food was good and the fellowship priceless. We did not get the crowd we wanted but all who attended were glad they did. The Museum is planning fund raising events all year long to help keep the organization solvent. Following the Rhythm and Ribs will be a Military Style Ball in November. • AIRPORT WEB PAGES UPGRADED: James has been working to upgrade our pages on the City of Fayetteville web site. Check it out at www.accessfayetteville.org/govemment/aviation. • AIRPORT BUDGET SUBMITTED: We have submitted the budget for next year. This year's budget was approved with a $50,000.00 planned deficit. This year we have held the line on spending and are happy to report that we are still above the line. Due to dwindling sales revenues and empty • hangars, next year's budget has been submitted for review and approval with a $75,000.00 budget deficit. We are hoping that the economy turns around very soon. Respectfully Submitted, a4 Ray M. Boudreaux, Dir ctor • 2 R • aeevle ARKANSAS Airport Progress Report TO: Fayetteville Executive Airport Board THRU: Ray M. Boudreaux, Director FROM: James Nicholson, Financial Coordinator DATE: September 9, 2010 Tower rations Cumulative MONTH 2006 2007 2008 2009 2010 MONTH 2008 2007 2008 2009 2010 JAN 3,932 2,375 2,160 2,492 1,932 JAN 3,932 2,375 2,180 2,492 1,932 FEB 2,811 2,785 2,629 2,902 2,214 FEB 6,743 5,16OR4,809 4,809 5,394 4,146 MAR 3,051 3,048 .2,333 2,807 2,418 MAR 9,794 8,208 7,142 8,201 6,564 R 3,297 3,178 2,747 2,629 2,775 R 13,091 11,384 9,889 10,830 9,339 MAY 4,167 3,195 3,032 2,722 3,015 MAY 17,258 14,579 12,921 13,552 12,354 JUN 6,934 3,181 2,727 2,876 2,531 JUN 24,192 17,760 15,648 16,428 14,885 JUL 6,316 3,004 31657 3,100 2,895 JUL 30,508 20,764 19,305 19,528 17,780 AUG 5,260 3,689 3,358 2,868 2,513AUG 35,768 24,453 22663 22,396 20,293 SEP 4,367 3,288 3,559 3,577 SEP 40135 27,741 28,222 25,973 OCT 2907 3,797 3,350 2,677 OCT 43,042 31,538 29,572 28,650 NOV 2,739 3,341 2,7391 2.5861 INOV 1 45,781 1 34,8791 32,311 31,236 DEC 2,261 1 1,9231 2,0151 1,8421 JOEC 1 48.0421 36,8021 34,326 33,078 IMonthNAYg 1 4,0041 3,0671 2,8611 21757 1 2,537 jAnnual Chg 1 2.72% -23.40% -6.73% -3.64% -9.39% • gpon4on•0mtmF2Am -mo -moo �o � Aeoplh dOpud®Prm , onettlosuven¢ SCd = UM 2d! _ 3z e _ : zO o � 4ID ' um t,7m SP as 0 IE M nr aw sa MY JM u us SW mm E243 ama EM 2M aam ffia raid a16p rr tdec ar-w Akcrd 0Wstbm TmWs . air . ar AMa00pxA000Tw6N 2YSIObR1113Ymllolbll IT[blltlRW r.r -err, -fir 1� � tb • • • I oD a • .�.tri��'.�e",1.e'�°�°r•,r�a�.R's°�a°s.r•.a�`Jir°s'�°J ltl�J�J..'atJ,"llsPls'�,%.%,.°sir:+•ll•+er� FBO Fuel Sales Cumulative MONTH 2006 2007 2008 2009 2010 MONTH 2006 2007 2008 2009 2010, JAN 41,134 41,704 41058 36,062 35,528 JAN 41,134 41,704 41058 36062 35,528 FEB 39,899 39,663 50,320 43,497 35,466 FEB 81,033 81,367 91,378 79,559 70,994 MAR $0,869 51,271 39,089 46,608 41,809 MAR 131,902 132,638 130,467 126,167 112,803 APR 38,505 46,944 41,265 31,705 30,763 APR 170,407 179,582 171,732 157,872 143,566 MAY 58,253 43,650 37,587 33,136 31,018 MAY 228,660 223,232 209,319 191,008 174,584 JUN 61495 37,852 30,837 28,218 27,216 JUN 290,155 261,084 240,156 219,226 201,800 JUL 33,797 32,704 32,114 26,021 26,628 JUL - 323,952 293,788 272,270 245,247 228,428 AUG 41,490 37.9851 35,827 25,0181 25,011 AUG 365,442 331,773 308,097 270,265 253,439 SEP 53,338 50,706 47,0591 39,025 SEP 416,760 382,479 355,156 309.290 OCT 47,196 50,939 52,329 44578 OCT 465,976 433,418 407,485 353,868 NOV 52,8921 43,3711 37,8921 30469 1 INOV 1 518,8681 476,789 445377 384337 DEC 40,2811 29,0331 30,1431 28,7321 IDEC 1 559,1491 505,8221 475,520 413,069 IMonNyAva 1 46,5961 42,1521 39,627 1 34,4221 31,680 jAnnual Chg 1 40.67% -9.54% 5.99% -13.13% 5.23% Rd Seb•46ao6 Cordae -tea -ma ma Rases enevEeogwra>ta <� a eam asa o� Aea a U 40 : AU � � e 2 a= 2110 o E e30 a e P[fa a � 5& OCf NN JIN f® IIOt aA w M a as a" ma a" ana =0 MW z" me MV rO Ribt p.Iq . wase . wa Tmab:FWSabby C=bwType e•aeau wau iMhrY/1aAetlua rea 0p -YI,OiBaasreeOFnb lnalrre�l llrl.ear -•"••• -••••,•• urramil.errl.ruw rau.r -rmsr �fstlal0ilotllb�FeO)ma � SOD 150 a aom a 40D o as x_250 • SOD as i5D 10.0 n SD 6 .Cd�ddddr4o++ OF?{dd.�TJ'd4add .Pd rpr. a. r VArm ro. r arrr.A. rpa. m rrrFt u 2010 Cum intiva Avg Fuel Solea by P m of Typa Fwl9al" by Ibnd 2010 m El ean�r..lsa p ID ID •mewxr.er. '0 e.� m.l sea .Low 106NM.m1 0 )A lW IB WP IVII MY JN JL ALO B w IOV f6 Local Fuel Prices: Fuel prices within 50 miles of FYV as of 9/8/2010 Ident FBO Name Jet FS 10OLL FS 1001.1. SS 91 MOGas A $ Jet A $ 1001. A t loess TOH City of Tahlequah both selfsery 3.79 3.99 0.10 1 no ch SLG City of Siloam Spiro s 4.63 4.25 3.75 0.05 no chg no ch VBT Summit Aviation 4.65 4.50 4.15 no chg no chg no ch ASG Pinnacle Air Services 4.70 4.75 4.27 (0-01L no ch 0.02 FYV Million Air Fayetteville I City SS 4.74 4.69 4.29 3.36 0.30} _(Q-20)_ no ch _ - XNA Regional Jet Center 4.79 4.93 no ch no ch ROG Beaver Lake Aviation 4.85 4.65 no ch no ch FSM TAC Air 4.86 5.29 4.75 1 0.08 no chg no ch Fuel Prices: National JET-A AND AVGAS PER GALLON FUEL PRICES Jet-A Jet-A Jet-A Avgas Avgas Avgas High Love Avg High Love Avg Region Price Price Price Price Price Price Eastern 56.78 53.53 55.39 S7.09 54.46 S6.68 • Northwest ldountain 56.59 S3.54 54.76 57.60 54.38 55.31 Great Lakes 56.82 53.70 54.89 57.38 54.34 45.30 Western 56.59 S4.05 56.14 57.91 54.60 55.56 Central 56.49 53.16 54.51 56.99 53.85 54.97 Southern 56.86 53.79 55.38 57.34 54.39 56.80 southwest 55.99 53.79 54.90 56.99 53.99 55.39 Nationwide 56.49 53.66 54.96 57.26 54.28 55.39 � � d� @09mg OG@NW W o 80201 13'0 QMROG�7 W M II 6M311 ' , a u w moo � @fflg�qw WLe cswgDAgo cp asa . sicactb mo � ori crus G'�� rte G ibiO - .9 EfiO- W GGRDO 059 ( Gm 0� Qo ' ft--0NS�C�- e2� Rog E d3 pt!J Mo Business & Commercial Aviation O�V ffifi� &DJADc-0 en as c as ugust - September Differences New England 50.01 SO.00 50.01 (50.06) $0.00 50.01 Eastern 50.00 50.18 50.03 50.00 50.00 (50.03) Northwest Mountain 50.10 (50.06) 50.01 51 .21 50.00 50.03 Great Lakes 50.09 SO.00 50.03 50.33 SO.00 50.02 Western 50. 10 (50.01 ) (50.01 ) 50.00 (50.03) (SO-06) Central (50.05) 50.00 (50.04) So.00 s0.00 (50.07) Southern (50.03) 50.03 50.05 (50.03) (50.11 ) 50.02 Southwest 50.06 50.00 50.05 50.11 50.04 50.00 . Nationwide 50.04 50.02 50.02 SO-20 (50.02) (50.01 ) TaerlARKANSAS • FAYETTEVILLE EXECUTIVE AIRPORT OPERATING SUMMARY MONTH ENDING 8/31/2010 AIRPORT BOARD OPERATING ACTIVITIES 2008 2009 2009 2010 2010 2010 Actual Budget Actual Budget Budget YTD Actual YTD REVENUE Rents 8 Leases 469,292 498,200 468.030 468,078 312.052 300,477 Aviation Fuel 126.272 140,056 126,022 124,839 83,226 83,610 Contract FED 107,682 108,848 107,449 107,749 71,833 74,998 Miscellaneous 16.669 2,500 5,328 5,000 3,333 10,795 INCOME RECEIVED FROM OPERATING ACTIVITIES 719,915 749,604 706,829 705,666 470,444 469,880 EXPENSES Personnel 313,187 327,808 324,943 384,039 229,773 240,918 Materials 8 Supplies 23.213 30,712 12,469 15,470 10,313 7,284 Aviation Fuel Purchases 72,987 85,000 69.915 77,626 51,751 49,374 Services 8 Charges 167,429 172.818 155.394 188,568 125,712 96,133 Cast Allocation to General FW 65.976 8.830 8,830 7,915 5,277 5,279 Maintenance 33,990 56,702 54,565 54,881 36,587 26,830 ATC Tower Costs - - - - - - Interest on West GA Hangars Loan (accrued) 35.000 32.667 32,667 30,334 20,223 17,967 INCOME USED FOR OPERATING ACTIVITIES 711,782 714,537 658,782 758,833 479,636 443,786 NET INCOME FROM OPERATING ACTIVITIES - GAIN I (LOSS) 8,133 35.067 48.048 (53.167) (9,192) 26,094 INVESTING ACTIVITIES 2008 2009 2009 2010 2010 2010 Actual Budget Actual YTD Budget Budget YTD Actual YTD NON-OPERATING INCOME Sales Tax Revenue 842 27.619 18,413 15.008 Interest on Investments 26,326 24,000 22,111 21,500 14,333 12,596 Other - Gain (Loss) on sale of assets 5.480 350,870 350,870 - - - CAPITAL IMPROVEMENTS EXPENSE 05046 AIP #21 Airport Expans Equip (Airband Radios) 2,677 - - • 06020 SkyVurbue Improvements Rebate 5.000 - - 07024 Rumvay Approach Obstruction Study 45,000 07039 AIP #36 Correct Runway 16 Safety Area Deficiency 130,640 27,260 23,611 07039 AIP #37 Correct Rum ay 16 Safety Area Deficiency Phase II 7,193 170,407 161,037 7,429 - 08055 Replace Airport Fence - Flood Damage 9,200 - - - 08074 Airport HVAC Improvements (Terminal) 4,820 130,876 119,051 - - 07039 AIP #38 Correct Runway 16 Safety Area Deficiency Phase III - 3,813,208 671,772 2.791,555 1,249,406 09021 Hangar Fire - deposition of insurance proceeds 350,870 13,209 - - Minor Equipment - Portable Lighting Rig 3,878 - - 10022 Wildlife Hazard Assessment 58,109 4,238 10028 Airport Fuel Farm Repair 19,928 - USED FOR INVESTING ACTIVITIES 172,724 4,117,751 618,735 2,827,902 1,226,040 FINANCING ACTIVITIES 2008 2009 2009 2010 2010 2010 Actual Budget Actual YTD Budget Budget YTD Actual YTD LOANS Payments on Loan Principal (accrued) 46,667 46,667 46,667 46,667 31,111 29,556 GRANTS STATE / FEDERAL Received from Dept Aero - Re-Striping 73,448 - - - Received from Dept Aero - Obstruction Study 45,000 - - - Due/Received from State Grants on Fed Projects - 200,760 10,098 190,660 - Duo/Received from AIP #36 Correct RW 16 RSA 64,623 57,297 57,297 - - Due/Received from AIP #37 Correct RW 16 RSA Phase II - 69,993 69,993 - - Received from FEMA Replace Airport Fence - 2008 Flood Damage - 8,050 8,050 - - Due/Roceived from Airport HVAC Improvements - Stale Grant - 102,000 102,000 - - Due/Received from AIP #38 Cerrect RW 16 RSA Phase III - 3,622,548 716,861 2,651,977 1,186,935 DurJReceived from AIP #39 Wildlife Hazard Assessment - - - 58,197 4,026 Due/Received from Dept Aero - Fuel Farm Repair - - - - - NET INCOME FROM FINANCING ACTIVITIES 136,404 4,013,981 917,632 2,854,166 1.161,405 AIRPORT CASH BALANCE 667,622 498,919 914,566 887.664 876,026 CURRENT ENCUMBRANCES (CAPITAL) MCE TASK ORDER #15 - Engineering AIP#37 7,429 371 7,429 MCE TASK ORDER 01 - Engineering AIP#38 204,551 10,228 160,234 Sveetser Construction Inc. - Construction AIP1138 2,620,466 131.023 1,643,734 Lend Costs AIP#38 - estimated remaining 217,200 10,860 Loomacres - Wildlife Assessment AIP #39 53,958 LONG TERM LIABILITIES Hangar Loan Principal 606,666 559.999 530,443 APPROVED GRANTS - CAPITAL PROJECTS RW 16 Phase 18 II - - RW16 Plisse 111 (2,905,687) (1,377,017) Wildlife Hazard Assessment (51,178) Airport Fuel Farm Repair AIRPORT CASH MINUS LIABILITIES 163,941 175,183 OYE (91,578) FRIDAY, AUG. 13, 2010 NEWS NORTHWEST ARKANSAS TIMES Airport Board OKs Shrinking Budget SEVERAL HANGAR SPACES FOR RENT By Skip Descant "It's a good thing to have ATAGLANCE SDESCANT@NWAONLINECOM money in the bank" Boudreaux remarked. "And we have FAYETiEVILLE FAYETTEVILLE — Fayetteville money in the bank, and that's ExEcuilvi: AIRPORT • Executive Airport is cutting what. we're using to cover 2010 2011 expenses in next year's these costs." Revenue budget to keep track with its The 2010 budget was also $7542785 $724,862 shrinking revenue. But it's approved with a more than Expenses still not enough to balance $50,000 deficit. $805,568 $793,653 the budget. However, cost-cutting this On Thursday, the Fayette- Deficit Y Y year has kept the airport in ville Airport Board approved the black up to this point, $50,783 $68,791 the 2011 budget with a Boudreaux said. SoD : FAnTuu[ $68,700 deficit. " We've done without EuamAw%T. The airport has some buying some things," he $900,000 in reserve to cover added. any end-of-year deficits, "Instead of buying a new said Ray Boudreaux, airport set of blades for the mower, director. we sharpen them." A shrinking airport budget "We expect that the city "I think the budget ... is is a reflection of the down will approve our deficit fund fairly conservative," said economy, say airport offi- balance;' Boudreaux told the Bob Nickle, who leads the cials. board. Fayetteville Airport Board. "It could be that all facets The City Council has "All we've got to do is get of aviation is going to be the final say on the airport a tenant that can pay us a a tough slog for the next budget because the facility is reasonable amount of money couple of years,' Nicholson owned by the city, although ... that really takes care of a said. "So these numbers are it receives no money from whole bunch of this." going to reflect the actual Fayetteville's general fund, - The airport has several revenue we're going to get said James Nicholson, finan- hangar spaces for rent. in the coming year." cial coordinator for the Drake Both* rent and fuel sales Field airport. are expected to be down 5 percent to 6 .percent next year.