HomeMy WebLinkAbout06-19-2012 Regular MeetingPublic Meeting Notice
Committee: Fairhope Airport Authority
Date & Time: Tuesday, June 19 , 2012 at 4:30 p .m.
Place: Delchamps Room
161 South Section Street
Subject: See Posted Agenda
Notice must be stamped, dated and initialed before posted on
bulletin board.
OSTED
13 ~,~
Fairhope Airport Authority
Agenda -June 19, 2012
4:30 p.m. in the Delchamps Room
City Hall -161 N. Section St., Fairhope, AL
• Approval of Minute s for May 15 , 2012 meeting
• Up date on 2011 AIP Project for West Side
• Update on 2012 AIP Project for East Side
• Discussion of FAA funding policy changes
• Facility up grades and maintenance of Public Safety Hangar
• Facility upgrad es and maintenance of FBO main buildings
• FY2013 Budget discussion
• Treasurer's report
• New bu s in ess
Schedule Of Future Meetings
(Note: Regular meetings are on the 3 rd Tuesday of each month at 4:30 p.m. in the
Delchamp s Room at City Hall, 161 N. Section St., Fairhope, AL.)
• Next regular meeting: Tuesday , Jul y 17 , 2012
Minutes of the Fairhope Airport Authority
June 19, 2012
The Fairhope Airport Authority met Tuesday, June 19, 2012, at 4:30 PM in the Delchamps Room,
City Administration Building, 161 N. Section Street.
235
Present: Chuck Zunk, Chairman. Members: Rod Platt, Pam Caudill, Joe McEnerney, Dan Stankoski
Howard Hadley, and Charlie Bassett (arrived at 4 :35 p.m.); City Administrator Gregg Mims; David
Bagwell, Attorney. Gayle Fogarty, City Executive Assistant took the minutes.
The minutes of the May 15 meeting were considered and approved on a motion 1st by Pam Caudill, 2nd
by Howard Hadley and unanimously carried.
Update on 2011 AIP Project for West Side -Chairman Zunk reported that the beacon is installed and is
working properly. Chairman Zunk added that one more reconciliation draw will be done to finalize
payment on this project. An onsite inspection has been completed, although ALDOT is sixty days past
due for reimbursement to the Airport Authority.
Update on 2012 AIP Project for East Side -A preliminary environmental assessment is underway and
will be completed by Volkert. Once next year's grant money is available, construction will begin.
Chairman Zunk added that the contract for the Engineer Of Record is being reviewed by Volkert and will
be returned soon, for final review by the Airport Authority.
Discussion of FAA funding policy changes -Chairman Zunk recently meet with the FFA Manger from
Jackson, MS. The FFA office in Jackson has received official notification that the FAA funding bill is being
converted to a multi-year commitment bill. The funding for 2012 is on a short cycle. Chairman Zunk
reported that no funding will be provided until proper training for FAA staff is in place for multi-year
funding.
Facility uparades and maintenance of Public Safety Hangar -Howard Hadley reported that he is not
sure where Ken Eslava Is on this project. He stated that the insulation looks good .
Facility upgrades and maintenance of FBO main buildings -Howard Hadley stated that they are waiting
for a thunderstorm to see how the roofs hold up. Chairman Zunk added that he and Howard have met
with Continental and laid the ground rules to renegotiation early on the FBO contract. In the discussion,
Chairman Zunk stated that if an early renegotiation Is done then everything will be open for
renegotiation, including rates .
FY2013 Budget discussion -Chairman Zunk stated that he and Rod Platt are working on the fina l details
of a presentation (five year recap) to present at the city council work session , on Monday, June 25 at
5:15 p.m. Budgeted vs . spent in the last three years has been near flat from year to year (about
$430,000), excluding the grants. He added that the same budget submitted for 2012 will be subm itted
236
for 2013, plus funds for 2013 principal payments due in March of 2013, requiring an additional request
of $240,000 for upcoming budget.
Treasure's Report-Chairman Zunk reported that a financial statement was sent to all members prior to
the meeting. The average operating fund showed that the start of the year was at about $100,000, the
revenue and expenses do not match up monthly, as they do not occur at the same time each month,
quarter, or six-month period . Chairman Zunk stated that he expects to be on budget at the end of the
year.
New Business -Chairman Zunk requested Howard Hadley work with Kyle to replace the windsock, or
order another one, if needed .
her business, the meeting was adjourned by acclamation at 4 :55 p .m .
CITY OF FAIRHOPE AIRPORT AUTHORITY
GOVERNMENTWIOE FINANCIAL STATEMENTS
MEASUREMENT FOCUS • ECONOMIC RESOURCES
ACCRUAL BASIS OF ACCOUNTING
JUNE 30, 2012
BALANCE SHEET
ASSETS
CHECKING ACCOUNT
FNB CERTIFICATE OF DEPOSIT
CITIZEN'S CERTIFICATE OF DEPOSIT
BANKTRUST CERTIFICATE OF DEPOSIT
FNB CONSTRUCTION ACCOUNT
RBC OPERATING ACCOUNT
RBC CONSTRUCTION ACCOUNT
FAA PROJECT
LAND AND CONSTRUCTION IN PROGRESS
CAPITAL IMPROVEMENTS
ACCUMULATED DEPRECIATION
DEFERRED EXPENSE -BOND ISSUE
LIABILITIES
TOTAL ASSETS
2010 RBC LOAN-DEFEASE 2007 ALLIED IRISH LETTER OF CREDIT
CAP IT ALIZA TION
RETAINED EARNINGS
INVESTED IN CAPITAL ASSETS, NET OF RELATED DEBT
NET EARNINGS
TOTAL LIABILITIES AND CAPITALIZATION
INCOME STATEMENT
REVENUES
FUEL SALES
CITY OF FAIRHOPE APPROPRIATION
T HANGER RENT
BIG HANGER RENT
OFFICE RENT
INTEREST INCOME
FAA GRANT
EXPENSES
INSURANCE
PROPERTY TAX
TRAVEUDUES/MEETINGS
BANK FEES
LEGAL
PROFESSIONAL SERVICES
OFFICE AND GENERAL
SUPPLIES
MAINTENANCE
EQUIPMENT MAINTENANCE
MISCELLANEOUS
INTEREST EXPENSE
ELECTRICITY
Rose Fogarty, Finance Director
3/28/2013
TOTAL REVENUES
TOTAL EXPENSES
NET EARNINGS
CURRENT MONTH
23 ,427.00
4 ,843.76
7 ,350.00
258.76
23,985.00
59 ,864.52
2,438.00
1,620.00
14,981 .27
73.69
28,22 1.00
11 ,829.57
751 .98
59,915.5 1
(50.99)
ENDING BALANCE
11,710.32
105,000.00
102 ,748 .47
107 ,000.00
113,382.83
163,334.29
107,352 .50
170.00
11 ,300,710.80
13,802,549.77
(2 ,654,503.13)
30,467.17
23,189,923 .02
8 ,935,000.00
701 ,049.70
13,087,916.00
465 ,957.32
23, 189,923.02
YEAR TO DATE
4 ,957.44
210,843.00
38,105.08
66,150.00
1,495.77
479,517 .00
801 ,068.29
28 ,968.00
771.58
13,620.00
95,339.1 4
7 ,027.55
269.13
74,586.07
107,324.48
7,205.02
335,110.97
465,957.32