FY26 Proposed Budget

AIRPORT FUND

The Airport Fund accounts for the operations of the municipal airport. The Airport Fund is managed as a business-like operation; however, it does receive certain financial assistance from the City’s General Fund . The Airport F und’s fund balance on June 30, 2024 was $195,212, a 34.0% decrease or $100,353, from the fiscal year 2023 year-end fund balance. This decrease is primarily due an increase in capital project funding. In fiscal year 2025, revised fund balance is estimated to increase by 20.7% to $235,712. In fiscal year 2026, the fund balance is project to increase by $36,646 to $272,358. For both years, this variance is a result of decreases in transfers out to the Capital Projects Fund.

Fund Balance (1)

$350,000

$300,000

$250,000

$200,000

$150,000

$100,000

$50,000

$-

FY2023

FY2024

FY2025

FY2026

FY2027

Assigned

$246,385

$183,626

$198,876

$205,322

$155,322

Unreserved

$49,181

$11,587

$36,837

$67,037

$87,526

FY25 - FY27 figures are estimates.

The City’s General Fund contributes $100,000 annually towards capital projects at the Airport . These funds can be used to leverage State and Federal grants. In fiscal year 2020, a Capital Reserve fund was created to account for these funds separately from the Airport’s operations and to build the reserve for future capital improvements. The Airport also maintains a $100,000 reserve for emergencies.

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