Title
Annual Airport Budget Presentation
Body
Issue/Request:
Annual Airport Budget Presentation
Key Issues:
Major Initiatives / Significant Changes for FY23
· Proposed CPI Increase of 7.0 percent on enclosed Hangar, office, and tie down rentals.
· Proposed CPI Increase of 7.0 percent on Hangar 1 rentals
· FY23 Projection for Jet-A sold in FY23 will be 330,000 gallons. This is due to an increase in based Jets and increased transient aircraft.
Actual Fuel Sales:
· FY20 Jet-A: 173,069 Gallons
· FY21 Jet-A: 212,414 Gallons
· FY22 Jet-A: 310,000 Gallons
· FY23 EOY Proj: 330,000 Gallons
100LL has nearly returned to pre-pandemic levels. The Airport is projecting 95,458 gallons for FY23.
FY23 Land Developments
· Two new Hangar development proposals for FBO’s facilities to be located on the West side of the North Apron, MJ Aviation and Midwest Avionics. These two hangars will generate approximately $4,000 in ground lease revenue in FY23 and approximately $18,000 annually beginning in FY24.
Other Highlights
· Phase II of the Master Plan should be finished in December 2022 from funding through the FAA & MoDOT received in FY22.
· Continue monitoring a scaling issue on Runway 18/36 which is resulting in flaking of concrete chips resulting in a potential serious FOD issue to aircraft. The Airport’s consultant CMT is monitoring the issue with monthly inspections of the pavement to establish a base line of the issue. No determination has been made yet as to the cause or actions needed.
· Potential new FBO agreements initiated resulting in additional office and floor space rental.
· T-Hangar occupancy at 100% with growing waiting list.
· Continued efforts to bring awareness of pilots to the various noise sensitive areas in the proximity to the Airport as part of the Airport’s overall Fly Friendly Program.
· Building Condition Study being performed by Central Building Services as part of Airport BERP program.
FY23 Major Expenses (Non-Intern...
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