City budget report shows positive revenue trends despite insurance challenges

The Airport Advisory Committee meeting held on March 5, 2025, focused on financial updates and strategic planning for the Roswell airport. The meeting began with a review of non-operating revenue, primarily from grants, which are expected to peak in the coming months as AIP (Airport Improvement Program) funds are typically disbursed. However, concerns were raised regarding the Department of Transportation's current suspension of fund disbursements.

The financial report indicated that the airport is currently operating in the black, with a positive balance of $105,430.55. This marks a significant improvement, as the airport had previously faced financial challenges, notably in August. The discussion also included updates on building insurance, where tenants have been notified about the option to obtain their own insurance. This change is expected to reduce costs for the city, particularly concerning vacant buildings that still require insurance coverage.

Committee members discussed the timeline for tenants to inform the city of their insurance decisions, which is set for early April. This is crucial as it impacts the city's financial planning for the upcoming fiscal year. The committee anticipates a reduction in insurance premiums next year as more tenants opt for their own coverage.

In terms of staffing, the committee reviewed the ongoing recruitment process for an aviation industry management position. Despite receiving 24 applications, the hiring process has faced setbacks, including a no-show from a promising candidate. The committee remains optimistic about filling the position soon, aiming to adhere to the strategic plan timeline.

Overall, the meeting highlighted the airport's financial stability and ongoing efforts to enhance operational efficiency through strategic planning and staffing initiatives. The committee will continue to monitor revenue and expenses closely, with a focus on ensuring sustainable growth and improved services at the Roswell airport.