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Airport commission approves December–February financials; commissioners flag special-savings transfer
Summary
Commissioners approved December, January and February financial reports and discussed an unplanned transfer from special savings that lowered that balance by about $109,000, prompting follow-up with finance staff.
The Airport Commerce Park Commission approved the December 2024, January 2025 and February 2025 financial reports after staff summarized activity and commissioners raised questions about a transfer that reduced the special-savings balance.
Janelle, who presented the financial reports, told commissioners the professional-services line exceeded budget by roughly $13,000 in December because of cataxes related to bars, a restaurant, and a hangar, and that hangar painting cost about $92,000. She also reported a year-to-date revenue figure of $1,203,267 and year-to-date encumbrances and expenditures of $1,128,904 against a reported budget figure of $1,656,967; she said capital reserves as of Feb. 28 were $667,347 and past-due rent as of March 12 was $6,190.
Commissioners pressed staff about a roughly $109,000 drop in special savings. Mr. Rethal said he was surprised by the timing of the transfer and asked whether accounting details were available; Janelle said she was meeting with Teresa to review the items and would report back. She also said a payment of $4,000 had been received on Building 75, reducing that tenant’s balance.
Each monthly financial report was approved by motion and voice vote: December (motion by Mr. Bridal, second by Mr. Hornby), January (motion by Mr. Filarski, second by Mr. Mayans) and February (motion by Mr. Raithel, second by Mr. Filarski). The transcript records voice approvals; no roll-call tallies were recorded in the meeting record.
