FY27 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, 2025, was $229,649, a 17.6% increase or $34,437, from the fiscal year 2024 year-end fund balance. This increase is primarily due a decrease in capital project funding. In fiscal year 2026, revised fund balance is estimated to decrease by 2.2% to $224,549. This is primarily due to an increase in capital project funding. In fiscal year 2027, the fund balance is project to increase by $19,900 to $244,449. This increase is due to an internal loan from the General Fund to fund a new hangar building.

Fund Balance (1)

$300,000

$250,000

$200,000

$150,000

$100,000

$50,000

$-

FY2024

FY2025

FY2026

FY2027

FY2028

Assigned

$183,626

$217,699

$182,399

$182,399

$182,399

Unreserved

$11,587

$11,951

$42,151

$62,051

$42,851

(1 )FY26 - FY28 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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