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Commission hears monthly airport financial report; reserves described as recovering
Summary
Airport manager Janelle reported budgeted revenues and year-to-date figures, while commissioners noted capital reserves have risen toward about $900,000 and called the airport financially secure; a single persistent past‑due tenant was discussed.
The Grosse Ile Airport Commission reviewed its monthly financial report during the meeting. Airport Manager Janelle presented the figures, reporting the budgeted revenues, year‑to‑date revenue and expenditures, current capital reserves, and a past‑due rent summary. Commissioners described capital reserves as increasing and said the airport is financially secure.
Janelle reported year‑to‑date revenue and year‑to‑date expenditures and identified capital reserves that the chair and commissioners characterized as “inching back up.” The chair said the airport has been consistent in recent months and called the position “absolutely incredible,” citing stable leases and tenants that support continuing investments such as a taxiway project and other Commerce Park work.
Commissioner Mister Raffel asked about a persistent $13,000 past‑due account; Janelle said the tenant has been contacting staff and is working to secure funds to catch up. Commissioners discussed potential use of a promissory note or deadline but did not institute one during the meeting.
The commission moved and approved the financial report as submitted.
What was not specified: some transcript figures were delivered with garbled punctuation; staff should confirm line‑item numbers (the meeting record shows figures reported by Janelle but portions of those numbers were not clearly recorded in the transcript).
