Beth Crites

The meeting included a budget presentation for the fiscal year 2024-2025. The budget is variable and based on flights. Allegiant is showing some growth in November and December. The forecast for the end of the year 20124 budget is about 23 million, with an expected million dollar additional revenue next year. Expenses are expected to increase at about the same rate. The budget shows about a 14% margin. Capital contributions for the next year are estimated to be almost 9 and a half million, with a net position increase of around 16 million. Total revenues and expenses for the year are projected to be $56 million. The meeting also touched on the increase of parking lot revenue, rental car income, and revenue per enplanement passenger. The economic model of the airport was discussed, including the history of airline partnerships and the airport's financial stability.

The meeting included employee recognition, particularly for Katie Gusler, for her Ace certification. The FY 2023-24 budget was adopted, with a total of $56.8 million. The financial review showed positive performance for the month of July and a year-to-date gain of $4.4 million. Liaison reports were given by representatives from the Puor City Council and Charlotte County Commissioners. The attorney reported on the progress of the ROH Hanger 2 transfer, a TSA petition, and a letter of intent with the school board.

The meeting included an invocation and pledge of allegiance, followed by roll call and introductions. Employee recognitions were given to Ron for his five-year service award and Darren Webb, the new FBO general manager. Ray was recognized for earning his CM and AAE accreditation. The consent agenda was approved unanimously. The treasurer's report indicated revenues were over budget by a little under $250,000 and expenses were over by $91,000, putting the airport ahead of budget by over $150,000 for the year. There were also discussions regarding impact fees, the cultural center, and strategic planning.

The meeting included discussions on clarifying legislation, Advanced Air Mobility policies, and TNC regulations. Updates were provided on federal affairs, TSA requirements, and employee screening. The attorney reported on the resolution with Golf Contours and progress on Row Hanger 2. The board discussed contracts, insurance processes, and a three-month extension for the racetrack. Development updates covered the commercial terminal expansion, Perimeter Road, and the 207 replacement hanger. The board members considered a study session on various projects after the first of the year. The marketing team reported on November activities and upcoming plans, including digital advertising and community education. The aviation report highlighted the impact of the hurricane on operations and passenger numbers. The board also discussed liaison assignments and a potential partnership with Veterans Airlift Command.

The meeting included a discussion regarding a lease extension request from Golf Contours, which was previously denied, and a request for reconsideration based on new options available to the company. Citizens expressed their opinions on the matter. The board also discussed and approved the Blackbird Aviation lease. The board adopted the budget for FY 2021-2022. The treasurer presented a financial report, highlighting revenue, expenses, and operating gains, with details available on the website.