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FY25 report: airport revenues up; commissioners question housing purchase recorded as operating expense
Summary
Fiscal year 2025 revenues rose to $30.2 million, driven by fuel sales; airport staff recorded a $2.3 million employee‑housing purchase to operating expenses via a retained‑earnings transfer, prompting questions about presentation and comparability to prior years.
Airport finance staff reported fiscal‑year 2025 totals to the commission on Aug. 12, saying airport revenues reached $30,206,530, an increase of about $2.77 million from the prior year driven primarily by fuel sales. Operating expenses (excluding debt service) rose to roughly $20.7 million.
Manager Warren Smith told the commission that a $2.3 million employee‑housing purchase was paid from the airport operating…
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