Finance committee approves budget to send to board after discussion of 17 Aviation Drive land fees

The finance committee voted to accept a proposed budget for presentation to the board and approved the Capital Resource Corporation budget after members discussed revenue assumptions, a projected lease at 17 Aviation Drive and possible land fees. The committee also asked staff to confirm accounting treatment for depreciation and to incorporate an estimated land‑fee expense into the agency budget.

The budget presented includes $300,000 in operating (fee) revenue, which the presenter described as conservative. “So I guess my point is on the 300,000, I think that's a very, very conservative number that we have in there. And I think we will, I think we'll exceed that,” said Joe, finance committee staff and budget presenter. The draft also assumes a projected lease at 17 Aviation Drive that…