Hampton Brown

The committee meeting focused on an update regarding the Terminal 1 construction project, specifically covering construction logistics, recap, and milestones. Additionally, a financial update was presented, which included information on the program budget, use of contingency funds, and analysis of cash flow and sources of funds.

The panel reviewed 20 airline curfew violations that occurred across various dates. The review resulted in five penalties totaling $42,000, while the remaining violations were dismissed due to local weather or maintenance issues. One specific violation was deferred to a future meeting for further information.

The committee reviewed communication regarding financial and compliance audits, received the Fiscal Year 2026 Third Quarter report from the Office of the Chief Auditor, and examined the proposed fiscal year 2027 audit plan along with the proposed fiscal year 2027 budget for the Office of the Chief Auditor. Closed session discussions were held regarding anticipated litigation, threats to public services or facilities, and a performance evaluation for the Chief Auditor.

The board and committees discussed the review of unaudited financial statements for the nine-month period ending April 30, 2026, and the review of the Authority Investment Report as of the same date. Additionally, the meetings included a review of the draft agenda for the upcoming board and Airport Land Use Commission meetings.

The meeting included an update on the Phase 1B construction and project financing, specifically focusing on the Terminal 1 redevelopment and airside improvements. Participants discussed the offsite roadway improvements required by the 2020 Airport Development Plan, covering scope, project scheduling, and stakeholder communication strategies. Finally, the committee reviewed the proposed capital program budget for the upcoming five fiscal years, which includes new capital projects such as a taxiway extension, elevator and escalator replacements in Terminal 2, a fire alarm system upgrade, and access control for the southside taxi and TNC hold lot.