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Commission hears overview of Kingman Municipal Airport operating budget
Summary
City staff presented a line-item overview of the airport and industrial park operating budget, explaining major revenue sources, personnel costs, capital projects and reserves; commissioners asked about fund separation and contingency levels.
City finance staff presented a high-level overview of the Kingman Municipal Airport and Industrial Park operating budget at the commission's October meeting, outlining what pays for day-to-day operations, large capital projects and the airport fund's reserves.
The presenter said personnel costs for the airport total “just under $600,000” and cover seven employees, including salaries, overtime, insurance, state retirement, Social Security, Medicare and workers' compensation. She said supplies and services make up about $1.6 million, with services (fee studies, outside FAA counsel, marketing and appraisals) comprising roughly $865,000 of that figure. Repairs and maintenance were budgeted at $521,000; two one-time projects — crack sealing on ramps and parking lots and work around T-hangars — were described as nearly $300,000 of that amount.
The presenter said internal services and debt service together total about $280,000. The capital budget is nearly $11.3 million, “primarily funded with grant funds,” and some capital projects are supported by airport and industrial-park user revenues.
When commissioners asked how the airport fund is kept separate from city accounts, staff said the city assigns distinct fund numbers for revenue and expenditures and maintains tracking spreadsheets. On reserves and contingency, staff said the airport operates as an enterprise fund and had about $5.7 million in liquid resources at fiscal year 2025 (including accounts receivable). City investments are limited to state-authorized safe investments; the presenter said the city is currently earning just over 4% on invested monies and the airport participates in those earnings.
Asked whether the airport keeps a “rainy day” fund, staff said the airport maintains a fund balance and contingency in its budget; the airport capital projects fund held over $6 million in reserves. For enterprise funds the city seeks reserves equal to roughly 45 to 180 days of operating costs and staff said the airport comfortably exceeds that target, with excess being reinvested in capital projects or used as grant matches.
On the city’s online budget portal, staff highlighted a public-facing tool that allows users to drill into airport budgets, year-to-date spending and vendor payments; staff said the portal has been available “3 or 4 years” and is updated nightly.
Commissioners thanked staff for the presentation and asked follow-up questions about transfers between budget categories and how funds are tracked. Staff clarified that transfers within supplies and services are allowed under city manager authority but transfers from personnel, internal services, debt service or capital typically are not allowed without council action.
The presentation was informational; no formal action was required.
