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Clay County auditors find airport averages a loss; FBO reports growing jet fuel sales and 40-person hangar waiting list
Summary
County auditor presented 15 years of airport finances showing an average annual deficit on a cash basis, while the county’s new fixed-base operator reported growing Jet A sales and early agreements to base a business jet; public commenters urged more maintenance and flight-training activity.
County auditors and staff briefed the Clay County Commission on long-term airport finances and current operations on Feb. 13, concluding that the airport shows sizable year-to-year swings and an average operating shortfall, while the county’s new fixed-base operator said transient business-jet fuel sales are increasing and there is a waiting list for hangars.
Victor Hurlburt, county auditor, told the commission his office compiled about 15 years of cash-basis financials and found that ‘‘the airport essentially does average a loss of about $258,000 a year’’ when counting all funds, grants and debt service. He said that when capital grants and one-time transfers are removed and only recurring operating revenues and expenses are considered, the average deficit narrowed to about $76,000 a year.
Hurlburt said Fund 401 (the airport fund) shows cash of about $571,000 as of the end of 2024 and that the county’s net investment in airport assets net of accumulated…
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