Revenues up as officials look to the future
By John Rech email@example.com
Jet fuels sales rocketed airport revenue skyward West Memphis Airport Manager Lynda Avery told Commissioners. Through mid-December income from sales registered above the budget projection and expenses below what was planned. “Revenue is at 106.3 percent and expenses at 90.6 percent; we are right in line for this time of year,” said Avery in the morning meeting December 17. November credit card transactions were strong. Jet fuel far outsold AvGas. The airport bought three loads of jet fuel and non for avgas. Credit card fees paid by the airport amounted to $2,085. The bottom line turned out strong. “That left us with a profit of $55,949,” said Avery. In the afternoon the airport manager presented next year’s budget at city hall. The budget committee heard about the financial health of the airport and analyzed the impact of recently declining fuel costs against the 2016 airport budget. The city-mandated 3-percent raise hit the line items but the overall presented budget balanced. “We have a similar budget to last year,” said Avery. “The main thing is the cost of fuel. The price at the pump is done some, so we are projecting the same volume but based it on today’s cost. Three employees have not been with us for five years so we figured their step increases too.” Large projects are planned for future years with only preparatory work on the drawing board this year. “Typically we present large construction projects. But his coming year we have a master plan and airport geographic information system (AGIS). Next year (2017) we will have a project that costs about $3 million.” We are projecting a $184,316 operating budget. That would be a balanced budget. The proposed budget goes to city council for consideration January 7. During the last city council meeting of the year, councilors passed a stop gap measure to fund city expenses for January.