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Commission submits FY27 budget with modest surplus; members flag IT and insurance costs
Summary
The commission approved the FY27 budget submittal showing a projected surplus just under $30,000 and discussed unallocated CIP revenue, roughly $50,000 in insurance bills to account for, and recurring IT service charges (about $24,000) that staff said cover backups, servers and camera storage.
The Iowa City Airport Commission voted to submit the FY27 budget as presented, a plan that staff said includes a projected surplus of just under $30,000.
During discussion, commissioners asked about costs and revenue not included in the base budget. Staff said some additional revenue from anticipated CIP revisions is not yet calculated and will provide breathing room beyond the $29,000–$30,000 surplus. Staff also said updated insurance figures require accounting for roughly $50,000 in bills across the year, and explained that recurring IT charges (about $24,000 annually) cover server and camera storage, data backup and related services.
"This budget does have a surplus of just under $30,000," Speaker 3 said while walking through the FY27 numbers. Commissioners and staff discussed the desire to rebuild fund levels over the next several fiscal years and noted that future years may allow the commission to move from surplus into additional upkeep or projects once reserves are healthier.
A motion to submit the FY27 budget was moved, seconded and approved. Staff will continue to refine revenue estimates tied to CIP revisions and to allocate insurance and IT costs within the budget documents.
