The Barrow County Airport Authority approved a $340,152 budget for FY2011 at its Dec. 7 meeting. And in an effort to attract aircraft and be more competitive with other area airports, the authority also voted to decrease airplane tie-down fees.
The FY2011 budget is similar to the FY 2010 budget, with the exception of more money being allotted for building maintenance, said Don Holliday who, served on the budget committee with chairman Frank Nocera and vice-chairman Scott Miller.
“We’ve got some roofs to repair and some other maintenance to do,” Holliday said, and since the Federal Aviation Administration (FAA) will pay for maintenance of the $4-million ILS (Instrumental Landing System) in FY2011, funds are now available for those projects.
As outlined in the budget, the airport has $525,000 in capital income, which is all FAA funding and reimbursements. The $184,848 in total capital expenditures includes $180,000 in previous land acquisition and $4,848 to install a bathroom in the T-hangar area. The authority approved the remaining $340,152 total capital budget without discussion.
For FY2011, which runs Oct. 2010 through Sept. 2011 and coincides with the county’s fiscal year, a net income of $41,587 is projected, with $307,023 in operations income and $265,436 in operating expenses.
The airport is projected to generate $290,399 in rental income paid by hangar ($184,320), commercial ($74,445) and airplane tie-down tenants ($5,032), as well as rent from mini warehouses and storage units is included ($26,602.)