HomeMy WebLinkAboutBRAA FC Minutes 04.11.2024M I N U T E S
Barkley Regional Airport Authority
FINANCE COMMITTEE
Budget Meeting - Thursday, 04/11/24, 3:30pm In person
Finance Committee (FC) Chairman Durbin welcomed everyone and recognized that a quorum was present. Committee Members present were John Durbin, Chairman, Marshall Davis and Kevin Kaufield. Absent was Jason Crocket and Dan Knowles. Staff present was E/D Dennis Rouleau, Carol Creason, Accountant, Parker Griffith, marketing and Luci Aguilera, Director of Ops.
First Rough Draft of FYE 6/30/2025 Budget items reviewed
The first rough draft of the budget was presented on the screen for all to see. The spreadsheet used had eight months actual monthly results with “forecasted” four months through the end of current fiscal year. Forecasted monthly for all of FYE 6.30.2025 was in included in the spreadsheet but little time was spent on those months. Instead, the committee discussed each revenue source line by line asking about potential changes to each revenue source. Separate sources are “fixed” by contract through the next budget year and is not expected to change. Some have some potential to change subject to competitive forces. We have been very encouraged with the amount of parking lot income as March 2024 was apparently over $15,000 following just over $13,000 in February. The budget was only $10,000 per month. We had discussions on the nature of other revenue sources including farm rent, FBO rent, rent from hangers (one hanger whose tenant has departed may need some repainting to make it available for lease). The Simmons hanger is not ready for lease as one potential tenant is no longer interested. Advertising income has some potential with the new video board. Parker to following up with some potential users. Landing fees were discussed – when they are earned. All badges will have to be renewed in December 2024 for a few thousand dollars – Carol will explore roughly how much. Our contract labor cleaning lady has resigned so Dennis will explore hiring another contract person, outsourcing to a cleaning services or hiring a part-time employee.
We ran short on time and did not get to expenses other than what was discussed below under “other discussions” regarding salaries. In the next meeting on April 23rd, we hope to have ten-month actual results which will better help us predict future months. The monthly spreadsheet will eventually be condensed to a quarterly columns for the new year budget as that budget must be approved by the full board in the June board meeting.
Other Discussions
Staff members were excused so that discussions could be held about salaries. A detail schedule of employee salary and tenure was provided to the members. A detail discussion was held about fire fighters. The difficulty of hiring and retaining qualified and reliable employees. Dennis would like to hire a fifth firefighter to provide backup for necessary turnover. Base pay is a concern in hiring qualified candidates. General discussion on the duties of the firefighters which has to include maintenance. Technical requirements for “paperwork” to remain compliant is not considered high and Luci has made compliance much easier. Thoughts were shared on pay scales in general.
The next budget meeting will be Thursday, April 23, 2024 at 3:30 pm.
Meeting adjoined at 5:03.