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Airport trust reports clean FY24 audit, large cash reserves and forecasts lower FY25 revenue
Summary
At its April 24 meeting, the Oklahoma City Airport Trust received a fiscal year 2024 financial report showing an unmodified (clean) audit opinion, large cash reserves and a projected revenue shortfall for fiscal 2025; trustees discussed the trust's conservative cash policy, recent ERP conversion and a topping-out milestone for Hangar 4.
Oklahoma City — At its April 24 meeting, the Oklahoma City Airport Trust received its fiscal year 2024 financial report and was told auditors issued an unmodified (clean) opinion for the trust's financial statements.
The trust's finance presenter said the trust’s net position rose from $650.1 million to $673 million for FY2024, capital assets increased about $9.3 million, and auditors Allen Gibbs and Kulick issued a clean opinion. The presenter also outlined the finance team's responsibilities, the office's recent conversion to a new enterprise resource…
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