Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
Carson City Airport Authority approves FY 2025–26 preliminary budget for submission to state
Summary
The Carson City Airport Authority approved its fiscal year 2025–26 preliminary budget and directed staff to submit it to the Nevada Department of Taxation. The preliminary plan includes a 5% staff pay increase and projects a $200,000 cash drawdown for maintenance projects; the authority will review a final budget in May.
The Carson City Airport Authority approved its fiscal year 2025–26 preliminary budget and directed staff to submit the document to the Nevada Department of Taxation.
Airport manager Cora Jenkins said state statutes require a preliminary budget be approved and submitted to the Nevada Department of Taxation no later than 04/15/2025. "Interest statutes require that a preliminary budget must be approved and submitted to the Nevada Department of Taxation no later than 04/15/2025," Jenkins said during the authority's meeting.
The authority's preliminary plan includes a 5% pay increase for airport staff and reflects a projected drawdown of roughly $200,000 in airport cash to fund planned pavement maintenance and other projects. Treasurer John Rogers clarified that the budget's "net profit" figure is not a cash number but includes the net present value of a projected new lease expected next fiscal year.
John Rogers also explained the authority expects higher audit costs next year because it likely will trigger a federal single-audit requirement once federal expenditures exceed the annual threshold. "We do expect an increase in audit because we expect a single audit, which is because we've exceeded a certain threshold of federal funding," Rogers said, and added that the single-audit threshold typically applies when an entity spends on the order of $750,000 in federal funds.
Member Harlow moved to approve the FY 2025–26 preliminary budget and direct staff to submit it to the Nevada Department of Taxation; Member Hutter seconded the motion. The motion passed with all members voting in favor and no members opposed.
The board noted this is the preliminary budget; Jenkins and staff said the authority will review and is expected to adopt a final budget at a meeting in May.
Notes from the meeting record that the authority projected a cash drawdown of about $200,000 to complete planned maintenance projects but said the authority can afford that reduction. The minutes and staff presentation included line items for audit costs and a caution that next year's audit expense will likely increase if a single audit becomes necessary.
The authority directed staff to file the preliminary budget with the Nevada Department of Taxation on the timetable required by state law and will return to approve the final budget in May.
