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Airport reports quarterly revenue decline tied to fuel sales; committee approves fuel-revolver reset
Summary
Staff reported mixed revenue and expense performance in the third quarter, explained a needed reset of the fuel revolver spending limit and said the commission voted earlier in the quarter to increase the fuel revolver; staff said the revised spending limit will be taken to the select board for final approval.
Staff presented highlights from the airport's third-quarter financial report and noted fuel sales were the main driver of quarter-overquarter variation.
The packet reported third-quarter airport revenue collected at $8,184,640 for the period; staff described a quarter-over-quarter decrease attributed primarily to lower fuel-sales revenue. Staff explained the airport's fuel revolver spending limit was $6,000,000 for the current…
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