AIRPORT FUND
BUDGET HIGHLIGHTS:
REVENUE CHANGES:
Anticipated fuel sales are based on the average number of gallons sold for the past five years. The estimated number of gallons of both Jet Fuel and 100LL were increased for FY 24. Wholesale costs for both types of fuel are projected to increase, so the resale price has also been increased. T-Hangar rental fees are increased on a biannual basis and have been adjusted based on 5.7% CPI in FY 24. Land rent to the Lion’s Club will remain at $3,600, and land rent to the Golf Couse is budgeted at $2,053. Usage of the concrete crushing operation has been anticipated to increase $80,000 in FY 24. Revenue from this operation is shown in the Service Charges line item. No grant revenue has been shown in FY 24. For the two prior fiscal years, funding for the runway 14/32 rehabilitation was included at 90% Federal, 5% State and 5% local match. The General Fund subsidy of the Airport decreases $301,777, from $321,455 to $19,678. The FY 23 subsidy included $61,455 for operations, and $260,000 for the Town’s local match for Runway 14/32. The FY 24 subsidy is solely for operations.
PERSONNEL CHANGES:
Three full-time employees are budgeted in this division. A step increase effective January 1, 2024 has been included. Two part-time, year-round Office Associates and two seasonal line technicians are employed by this division. Benefit costs for health insurance and unemployment decrease. No contribution for retiree health has been budgeted in FY 24.
CHANGES IN OPERATIONS:
Contracted Services include professional services, building and equipment maintenance, credit card fees and other services. Credit card fees are anticipated to increase $3,000, and $5,000 has been included to cover miscellaneous fees for land acquisition consultation and review. Concrete crushing expense is anticipated to increase $80,000 in FY 24, and has been funded at $200,000. Building maintenance expenses decrease. Replacement of two heat pump systems in the Maintenance Hangar were included in FY 23 at a cost of $30,000. Replacement of 1 of 3 self-priming fuel transfer pumps has been funded at $10,000. Mowing of the fields surrounding the airport has been included at a cost of $24,112. The number of field cuttings was increased from 12 to 16 per year in FY 22, at an increased cost of $5,728. Other expenses included in Contracted Services include replacement of the logo sections of the Airport sign, $3,470, and Airport hangar door preventive maintenance, $6,000. Supplies and Materials decrease $5,440. Purchases for Resale fuel purchase costs are the primary expense of the Airport fund. Fuel purchases are budgeted at $617,875 for the coming year, an increase of $203,275, due to anticipated increases in the costs of both types of fuel. The number of gallons of 100LL and Jet fuel increased from FY 23’s estimate. Energy costs are expected to decrease slightly. Vehicle fuel and vehicle maintenance costs are projected to increase for this division. Allocations for property and liability insurance, IT Services and General Overhead increase. Capital Outlay for the past two fiscal years included Runway 14/32 improvements.