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Airport authority reviews FY 2025–26 preliminary budget; no action taken
Summary
Board received a first review of the Carson City Airport preliminary FY 2025–26 budget, discussed a projected drawdown for pavement preservation, and noted an accounting of interest income tied to the possible new lease; no formal vote was taken.
The Carson City Airport Authority on Feb. 19 reviewed its preliminary FY 2025–26 budget in a discussion-only session and did not take formal action. Staff and board members discussed projected expenses, accounting treatments and timing; the authority will have a second review before a preliminary approval and another opportunity prior to final adoption in May.
Treasurer Rogers and Airport Manager Corey Jenkins walked the board through the line-by-line review. The budget includes a large non-cash interest-income line tied to the net present value (NPV) calculation for potential new leases; staff said that number reflects an estimate should the south-side parcel currently out for bid be leased. “That’s not cash,” Treasurer Rogers said, adding the NPV shows how a new lease would be reported for budgetary purposes next year.
Staff projected the airport will spend more than it takes in on a cash basis next year to fund pavement preservation work: “We will end up with higher expenses than revenues to the tune of about $150,000 next year,” Rogers said, and staff said the airport has the cash to cover that planned maintenance. The preliminary budget also includes a 5% pay increase for all staff built into the numbers; if the board approves the final budget, the increase would become effective July 1.
Board members were asked to submit comments between meetings; staff said the budget will return to the authority for final review in May after state submission. No public comment was received on the budget at the Feb. 19 meeting.
