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Airport fund outperforms budget; hotel‑tax revenue shows caution
Summary
Staff reported airport revenues are stronger than budgeted, while hotel‑occupancy tax receipts are declining (partly due to federal-tenant rooms not subject to tax); council flagged both one‑time purchases and the need to monitor hotel-tax trends.
City Manager Henry Arlando told the council the airport enterprise fund is performing well this fiscal year, with first‑nine‑month revenues of about $965,000 versus a budget of $788,000 and forecasted year‑end performance improving the fund's position. "The airport revenue has been pretty stable. It's, increased a little bit...we're showing the first 9 months at 965,000," Arlando said, noting active management and grant opportunities.
At the same time, Arlando cautioned hotel‑occupancy tax revenue is trending down, in part because some rooms are occupied by a federal agency that does not pay hotel tax; he said the city completed a one‑time real‑estate purchase from that fund and plans to allocate about $100,000 to complete grant-related budget items. Council asked staff to monitor hotel-tax receipts and factor the change into upcoming budget discussions.
