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Trustees approve $370,000 one‑time transfer to restore airport fund balance; enterprise status to be reviewed
Summary
Trustees approved a $370,000 transfer from the general fund to the airport enterprise fund to eliminate a negative balance and create a three‑month operating reserve; staff warned the transfer will likely cause the airport to lose enterprise status for 2026 unless revenues recover.
The Buena Vista Board of Trustees on July 22 approved a one‑time $370,000 transfer from the town’s general fund to the airport enterprise fund to eliminate a negative balance, restore unrestricted airport fund balance and establish a three‑month operating reserve.
Why it matters: Fuel sales are the airport’s principal revenue source and margins fell in recent years after the town experimented with contracted fuel pricing that reduced jet‑fuel margins. The airport also absorbed maintenance and capital costs that increased expenditures. Staff and the airport advisory board said restoring the fund balance will stabilize…
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