Airport Authority wants to rebuild its cash reserves

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Airport Authority wants to rebuild its cash reserves

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Although the

bottom line at Falcon Field will be bolstered by $10,000 a month in the

near future, Peachtree City's Airport Authority is being cautious in its

consideration of its latest six-month budget.

While the authority

wants to boost its cash reserve, now at almost $36,000, it also wants

to evaluate its revenues to try and boost Falcon Field's income. The additional

$10,000 a month will come from increased hotel-motel tax revenues.

The budget

was presented to the authority at its meeting Wednesday night although

it was not considered for official adoption as the authority considered

proposals for employee raises in executive session.

The authority

did not vote on either of two pay raise plans offered by Airport Manager

Jim Savage. The airport has six full-time and nine part-time employees,

Savage said.

Savage said

Thursday morning that the authority wants to place a premium on building

the cash reserve back up although it wants to make payroll changes also.

During Wednesday's

meeting, authority chair Cathy Nelmes said she was concerned about the

status of the reserve fund and wanted to build it back up for the airport's

future.

Authority member

Jerry Cobb also indicated getting the reserve back up is key.

"I am

very uncomfortable with it under $45,000," Cobb said.

The authority

will consider the budget at its next meeting.

In other business,

the authority approved a change in the process in which checks are signed

for operating expenses up to $5,000. Previously the checks required two

signatures from any of four people: Savage and three authorized members

of the authority.

Nelmes said

she felt the "two signature" process didn't provide much in

the way of a check and balance system on expenditures.

Now, checks

for operating expenses up to $5,000 will need only one signature. Instead,

a list of all checks paid will be printed and kept along with each invoice

for payment, which will make the expenditures easier to review, Cobb said.

Authority members

also agreed to set up a promotional booth for the airport at the Wings

Over Dixie Air Show and Festival that's scheduled for Sept. 8-9.

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