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Authority reviews May finances; treasurer reports $5.92 million in cash and accounts
Summary
Treasurer Daniel Ruppert reviewed the combined May financial report showing Total Cash and Cash Equivalents of $5,923,442.72; the board approved the financial reports subject to audit.
Treasurer Daniel Ruppert reviewed the monthly financial report for the period ending May 31, 2026 and highlighted key balances across the General Fund, Alliance Aviation and Airline Services accounts.
The minutes list several account balances including a Certificate of Deposit at $3,643,000.00 and Total Cash and Cash Equivalents of $5,923,442.72. Ruppert moved to approve the financial reports, Shaun Balani seconded, and the reports were unanimously approved subject to audit.
Director of Finance & Administration Cheryl Martin told the board that roughly 45% of outstanding general fund receivables have been collected since May 31, leaving about $205,000 still outstanding; May passenger counts were not available when the report was prepared and will be included in future reports.
