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Home My WebLink About2021-04-15 - Agendas - FinalTransportation Services Director Terry Gulley Airport Services Manager Summer Fallen Financial Coordinator Dee McCoy Administrative Assistant Tamra Kesner 0 C"y QA FAYETTEVILLE ARKANSAS Fayetteville — Drake Field Board Meeting Agenda Chairman Zane Chenault Dec. 2022 Vice Chair Kayla Bruskas Dec. 2023 Secretary Charles Wallace Dec. 2023 Member Monty Roberts Dec. 2021 Member David Hopper Dec. 2024 Member Todd Crane Dec. 2021 Member Ian Tholking Dec. 2025 2:00 p.m., Thursday, April 15th, 2021 Zoom ]Meeting As a courtesy please turn off all cell phones and pagers 1. Welcome -Zane Chenault, Chairman. 2. Approval of the Airport Board Minutes of February 18th, 2021 meeting. 3. New Business. • Announcement of SOAR NWA 4. Old Business. • None. 5. Other Business. • Items from the Airport Board • Items from the Public • Museum Update 6. Receiving of Reports. • Manager's Report, Financial Report, and T-Hangar Report: Summer Fallen -Airport Services Manager • End of Year Report -Paul Becker • First Quarter Expenses vs Revenue Report -Summer Fallen 7. Adjournment. he . 1,t'3,s olds E �r n a .00 p,m. or th., huJay of efit,h,,,,o-t _ {� Description . 1,,. r.,� ` _ J r{xrrt b.,. . �. ,_ _ �atc_. �. ,,,c..rY-�e lo; _ , _� :eso .t ar. �., ;r,�U r;-, ;.. �i r"iarybZ11 1 v R e s o',aor - 1,z'1. Tt;e , (i o bod a . o, ,eck b1c,tt et _' j r InP . , a:.:;s:.r1 po n s, pro.z..r and ..,,.rages I I r r � p.rr' stronl'- PC,i.a n n 0 th... _. Or :r;, c en , . rtC r,J:ar: a;?ct of the a f, -�f. a :o cti , Fated .aci t:e, , :,perty, ,nd c—sem�a i errns N'le, m bt.r..s:-rj a., :Ied'fv, ea ._":s, clime. - rr I N,riF n.., f. ce ( eTr e .e r e 1tic -,J1) c 1)I n., .: f.,1:er:7,s. Members he "Gard = aii re 1-1c,rnP'i5ed of seven mernine.3 as • Mayor, rnerrber -x officio • Two trc,nbers rnu': t of _de. —A iati A.r--_�auc- > I"t Or oiDr- c ap , atir:i7s • T'wo nembers wi.h nmD D r. t<a- . r .,.pica • One einO-'F (1: he runity f One r"lrlel I( . ine i i i .:S:TV of At -.a'".sa,s • One Appointments vac -l�:e� on e _, a: d e f`I ed apPoi n' nt t f the Cit r t e: :.nt..;ivr. sf l be a. ua > _o advise in the appnir. Unent Pro;, s Public Notification r.t•t cr.>li-Ltir.,. �th.r�la"c:;.),s.f e-� ,h" Ct;Ccrc � ,ucr.:r.c .s,,J nhut_dto, i e c a:.restedonline. Members Chairman Michael Zane Chenault Member -at -Large Representative David Hopper 2894 East Picasso PI Pilot Representative Fayetteville, AR 72703 1235 N Edgehlll 479-313-3541 Fayetteville, AR 7270 O1/01/18-12/31/22 479-684-9383 O1/01/20-12/31/24 Vice Chair Kayla Bruskas Todd Crane Business Representative Aeronautical Representative 1122 West Rochler Street 2055 South Doral Drive Fayetteville, AR 72701 Fayetteville, AR 72701 214-405-6555 337-489-6615 O1/01/19-12/31/23 01/03/17-12/31/21 Secretary Ian Tholking Charles Wallace Aeronautical Representative Pilot Representative 2238 North Covington Park PO Box 1045 Fayetteville, AR 72703 Fayetteville, AR 72702 513-550-1911 479-582-3081 04/01/19-12/31/25 O1/01/19-12/31/23 Mayor Lioneld Jordan Monty Roberts Ex-Officio U of A Representative 113 West Mountain Street 200 E Willoughby Rd Fayetteville, AR 72701 Fayetteville, AR 72701 479-575-8330 479-871-1681 01/01/09- I n d of O1/03/17-12/31/21 FAYETTEVILLE—DRAKE FIELD Airport Board Minutes February 25th, 2021 MEMBERS PRESENT: Zane Chenault, Kayla Bruskas, Charles Wallace, Todd Crane, Monty Roberts, Todd Crane, Ian Tholking MEMBERS ABSENT: David Hopper, Summer Fallen/City OTHERS PRESENT: Terry Gulley/City, Dee McCoy/City, Tamra Kesner/City, Keith Macedo/City, Chris Brown/City, Adam White/Garver, Kyle Bennett/Garver ITEM # 1: Call to Order Zane Chenault. ITEM # 2: Approval of the Airport Board Minutes of the December 17t 2020 Meeting • A motion to approve the the December 171h, 2020 minutes Charles Wallace motioned to approve these minutes. Kayla Bruskas seconded the motion. The motion carried. ITEM # 3: New Business: • Quarterly Financial Report Form Template Review. Board Member Charles Wallace shared the form template that he and Summer Fallen had worked on. He went down the form and explained each item and what they were. He also stated why he felt these items were important. He proposed that while the operation subsidy from the city and the tower expense will be a zero, he felt it needs to remain on the form. The board members agreed that the new reporting form outlined the information they were requesting. Zane Chenault asked how the airport does not have a reserve if it is showing a profit for the year. Terry Gulley stated that Airport administration has asked City of Fayetteville CFO Paul Becker to join the April meeting for a quarterly report and to shed some light on how the depreciation works. ITEM #4: Old Business: • None. ITEM # 5: Other Business: • Items from the Airport Board: None. • Items from the Public: None. ITEM # 6: Receiving of Reports: A. AIRPORT ACTIVITY: Tower operations for January totaled 2,107 which is up from the operations that took place in December and those that took place January 2020. January fuel sales totaled 41,772 gallons, which is an increase in sales that took place in December and those that took place in January 2020. B. BEACON / WINDCONE PROJECT: The two-party checks have been mailed to resolve the payment to the sub -contractors. The remining funds are being held at the request of the officer representing the surety. They have yet to determine when those funds will be able to be released. C. FAA TERMINAL IMPROVEMENT PROJECT: This project is approximately 33% complete. The final day of construction is still set to be April 27'h, with the main lobby being the last section completed. D. FAA RUNWAY REHAB AND LIGHTING PROJECT: All engineering work needed to be prepared for grant season is on schedule. We are prepared to submit all documentation as soon as we are asked to do so. Financial Report: As of January 31, 2021, FBO Revenue totaled $119,272.17, expenditures totaled $104,564.94 leaving an unaudited profit total of $14,707.23. T-Hangar Report : A. There are no vacant T-Hangars with 47 people on a waiting list. No new hangar leases was signed in February. MEETING ADJOURNED at 2:42 P.M. CITY OF FAYETTEVILLE ARKANSAS 4/12/2021 Airport Services Manager's Report: • AIRPORT ACTIVITY: Tower operations for March totaled 2,623 which is up from the operations that took place in February and those that took place March 2020. March fuel sales totaled 60,465 gallons, which is an increase in sales that took place in February and those that took place in March 2020. • BEACON / WIN DCONE PROJECT: We are hoping to have an update regarding this issue by the end of the week. • FAA TERMINAL IMPROVEMENT PROJECT: The final day of construction is now set to be April 30th, which has been adjusted to account for 3 weather days allowed for the February event. A two -week extension for punch list will then be allowed to complete the window install. • FAA RUNWAY REHAB AND LIGHTING PROJECT: This project is set to be advertised May 2n1 & gtn with the bid opening taking place on June 2na • FAA CRRSA FUNDING: The Airport will be taking an application to City Council on May 4th to accept $57,162 from the FAA to offset the impact for the Covid-19 pandemic. $23,000 will be allocated to the airport and $34,162 will be allocated to the tower. Respectfully Submitted, Summer Fallen, Airport Services Manager Mailing Address: 113 W. Mountain street www.fayetteville-ar.gov Fayetteville, AR 72701 [dent FBO Name Jet FS 100LL FS 100LL SS 91 MoGas H34 Hunstville Municipal - - 3,50 _ SLG ._ . City of Siloam Springs 3 95 4.35 3.85 ASG ___... ._.T-.1..... _ ._ Summit Aviation Springdale 11-... ___... 4 55 4.85 4.55 VB ...... ........_... S Summit Aviation -Bentonville ...... 4.20 .._.. 4.45 _.._.... ._...... . ___. _ MA_ Regional Jet Center 4,25 4 51.0 ROG Beaver11 Lake Aviatio11 n 4.49 4.62 _ FSM TAC Air 511 .34 11 5.69 3,51 FYV City of Fayetteville 11 4.91 5.53 4,57 HRO Boone County Airport 4,99 4.99 4,49 2021 Premilinary/ Unaudited FBO Expense & Revenue Information as of 3/31/2021 FBO Hangar Rent Revenue $3,335.00 AVGAS Revenue $70,420.49 Jet Fuel Revenue $398,106.03 FBO Accessory Rev $34,795.86 Total Revenue $506,657.38 FBO Expenditures- 2021 $433,788.79 2021 FBO Profit $72,868.59 Airport T-hangar Report Vacant Single T-hangars: 0 Vacant Twin T-hangars: 0 T-hangar Waiting List: 47 New leases signed in March: 0 CITY OF a le Ta"y" A rgil 'S 10. Fayetteville Aitpon Board THRU: Summer Fallen, Airport Services Manager FROM: Dee McCoy, Financial Coordinator DATE: 15-Apr-21 Airport Progress Report HE" Monthly Avg 2,092 1,921 1,814 2,010 1 2,056 2,173 Annual Chg 1 16.17% -8.16% -5.56% 10.82% 2.28% 27.60% Airport Operations FBO Fuel Sales Monthly Avg 1 30,870 1 35,001 1 45,368T 43,388 34,964 47,990 Annual Chg 1 9.42%1 13.38%1 29.62% -4.36%-19.42% 27.60% City of Fayetteville, Arkansas Satement of Net Assets Airport Fund Current assets: Cash Investments Accounts receivable Accrued interest Due from other funds Due from other government Inventories Prepaids Total current assets Noncurrent assets: Capital assets Land Buildings Improvements other than buildings Machinery, equipment and vehicles Construction in progress Less accumulated Depreciation Total capital assets, net Total assets LIABILITIES Current liabilities Accounts payable Accrued expenses Compensated absences Due to other funds Customer deposits Unearned revenue Total current liabilities Noncurrent liabilities Compensated absences Total noncurrent liabilities Total liabilities Net assets Invested in capital assets, net of related debt Restricted for prepaids Unrestricted Total net assets 2020 2019 $ 354,423 705,199 616,096 325,735 55,100 23,369 1,512 1,053 248,547 7,185 31,567 20,175 24,662 20,122 1,331,907 1,102,838 3,750,133 3,750,133 17, 360, 731 17, 226, 571 20, 287, 799 19, 975, 297 1,002,966 1,002,966 15,420 (34,612,257) (33,553,428) 7,789,372 8,416,959 9,121,279 9,519,797 125,653 120,486 7,993 23,545 48,720 21,594 92,568 108,535 2,700 2,700 5,099 277,634 281,959 21,075 10,410 21,075 10,410 298,709 292,369 7,789,372 8,416,959 1.033.198 810,469 $ 8,822,570 9,227,428 City of Fayetteville, Arkansas Airport Fund Income Statement Operating revenues Airport Charges $ 1,727,036 2,330,048 Other 69,464 85,225 Total operating revenues 1,796,500 2,415,273 Operating expenses: Personnel services 651,029 599,858 Materials and supplies 831,802 1,283,748 Contract services and charges 378,788 348,320 Maintenance 66,930 62,910 Depreciation 1,058,829 896,568 Total operating expenses 2,987,378 3,191,404 Operating income (loss) (1,190,878) (776,131) Nonoperating revenues (expenses): Taxes 32,908 47,798 Interest expense (2,796) (3,261) Interest income 6,413 7,122 Net decrease in fair value of investments (631) 3,044 Other revenues 7,383 Total nonoperating income 35,894 62,086 Income (loss) before contributions and transfers (1,154,984) (714,045) Capital grants 763,526 1,538,084 Transfers in Transfers out (13,400) (10,840) Change in net assets (404,858) 813,199 Total net assets, beginning of year as restated* 9,227,428 8,414,229 Total net assets, end of year $ 8,822,570 9,227,428 Airport - Revenue & Expense Report 1/1/2021 - 3/31/2021 TYPE CATEGORY GL ACCOUNT GL DATE JOURNAL DEBIT CREDIT' Expense Buildings and Ground Maint 3540.45 Employee 141089.43 Fuel for Resale 333302.89 Maintenance Equipment _ 34244.16 Maintenance Supplies 786.54 Office Supplies and Expenses 1316.40 Operating Costs 26972.04 34185.39 Professional/Contract Services 9380.16 Utilities 26190.74 285.26 Total 576,822.81 34,470.65 Revenue FBO Fees 1685.00 39815.86 Fuel Sales 7642.64 476169.16 Hangar Rentals 175.00 128717.32 Other Revenue 20675.96 Terminal Rentals 21265A4 Total 9,502.64 686,643.74 Total 586,325.45 721,114.39 *This Total Does Not Include Capital Projects 134,788.94 4/14/2021 1010:02 AM