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Commission reviews February financials and fuel sales; reserve fund adjusted after equipment transfer
Summary
Commission received February financial activity: reserve fund and airport fund balances updated after transferring equipment costs; February fuel sales and inventories were reported and a 6,000-gallon 100LL order was placed.
The commission reviewed the February financial activity and fuel sales data. Haley Walker reported reserve Fund 121100 prior balance of -$123,387.57 and a net fund balance of -$61,728.77 after transferring airport equipment costs to Fund 124100. The airport fund (124100) prior balance was $68,116.70 and net fund balance $26,165.65 after a $41,951.05 decrease driven by the transfer and a final invoice from Fink Machine for boiler repairs.
Haley presented February fuel figures: 412.6 gallons of 100LL and 117.6 gallons of Jet-A sold in February; year-to-date 100LL sales were 925.5 gallons and Jet-A 173.3 gallons. Prices were listed at $6.03 per gallon for 100LL and $5.64 per gallon for Jet A; airport cost for 100LL was $4.79 per gallon (markup $1.24) and Jet A cost $3.71 per gallon (markup $1.93). Inventory levels reported were 2,962 gallons for 100LL and 5,140 gallons for Jet A; Haley ordered 6,000 gallons of 100LL scheduled for delivery the following Wednesday.
