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Board approves monthly financial reports; cash position and reserves noted
Summary
Treasurer Daniel Ruppert reviewed monthly financial reports through March 31, 2026 and the board unanimously approved the financial reports subject to audit; year-to-date net revenue and cash & reserves figures were presented.
Treasurer Daniel Ruppert presented the financial report for the period ending March 31, 2026 and the board moved to approve the reports subject to audit.
Ruppert highlighted that accounts are generally in line with the budget. Reported figures included combined reporting-period revenue and year-to-date net revenue for the general fund, Alliance Aviation and Airline Services; cash and cash equivalents were reported at $6,280,324.28 for the February reporting and $5,902,060.22 for March. The board moved, seconded and unanimously approved the financial reports "subject to audit."
Finance Director Cheryl Martin added that about 42% of outstanding general fund receivables had been collected since March 31, 2026, leaving roughly $140,000 outstanding. She also noted SkyWest is using office space upstairs for training.
