The Greensburg City Airport Board voted to transfer $75,000 from the Rotary Field fuel fund into the airport operations fund and approved the board's bills during its meeting.

The transfer motion passed by voice vote with ayes from board members present; the mover and seconder were not recorded in the transcript. The board also moved and approved its bills as presented earlier in the meeting.

Board members said the money would move into the airport operations pool (fund 8817) after the board forwards a transfer resolution to the city council, which acts as the fiscal body. The board was explicit that moving the money into the operations fund does not in itself appropriate it for a particular purpose; spending the transferred funds for a specific purpose — such as accelerating payments on the Jackson County Bank loan — would require an additional appropriation ordinance approved by the council.

Finance staff described the fuel fund balance as already about 25% higher than what the board spent on fuel last year and said two full tanks at then-quoted prices would cost about $60,000. One staff member said she would be “comfortable up to 80 or 85,000,” but advised proceeding cautiously and following the Indiana Code sections she circulated to the board. The transcript records the board discussing conservative transfers of $50,000 to $85,000 and then voting to transfer $75,000.

Board members and staff also discussed the option of moving additional money later in the year if the fuel fund balance increased, or of making a separate transfer from the airport improvement/operation fund into the fuel fund if fuel prices spiked. The board noted routine payments and existing budgeted monthly payments toward the Jackson County Bank loan would continue unless the council approved an additional appropriation.

Votes at a glance

- Transfer $75,000 from the Rotary Field fuel fund to airport operations fund (fund 8817): approved by voice vote; outcome recorded as approved. The transcript does not name the motion maker or seconder.
- Approval of bills as presented: approved by voice vote; maker and seconder not recorded in the transcript.

Why it matters: Transferring fuel-fund profits into operations increases the city’s short-term liquidity for airport management and gives the board discretion to propose using those funds to retire debt, but any use beyond routine operations requires council action.

What’s next: The board will forward a transfer resolution to the city council (the fiscal body) for formal processing; staff said they could revisit the amount later in the year and consider an additional appropriation if the board and council decide to apply the funds to the Jackson County Bank loan.