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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