Budgeting for 2010 begins, airport projects profitDickinson Airport Authority Board members have started the 2010 budgeting process and if all falls into place,
By: John Odermann, The Dickinson Press
Dickinson Airport Authority Board members have started the 2010 budgeting process and if all falls into place, the airport will be profitable next year.
And as was evident at the board’s meeting Tuesday at the Dickinson Theodore Roosevelt Regional Airport, starting the budgeting process in June leaves a lot of unanswered questions, Vice Chairman Bob Zent said.
The preliminary budget, prepared by airport Manager Matthew Remynse, projects $372,000 in revenue and $362,000 in expenditures for a $10,000 profit in 2010. The airport is also on track to be profitable in ’09.
The airport receives some of its revenue from four Dickinson mill levies, which totaled $140,000 in 2009.
After reviewing the draft budget, which he stressed was far from final, Chairman Jon Frantsvog noted he thought there was a discrepancy between the projected revenue and expenses compared to the 2009 budget, especially in regards to landing fees, leases and easement revenue.
“What was of great concern to me is that we’re estimating our revenue down substantially from what we budgeted five months into the year (2009),” Frantsvog said.
Zent said he doesn’t have a problem with a conservative estimate.
“I’d rather see a conservative estimate rather than an optimistic estimate,” he said. “This way we’re preparing our spending for conservative revenue,” Zent said.
Frantsvog said conservative budgeting is fine, but the budget should reflect that in all aspects.
Remynse said he would recalculate the numbers before the next meeting.
Remynse said the board would need to approach Stark County in regards to a $15,000 subsidy it receives each year that expires in 2010.
“That is a large portion of money that we rely on every year for operations of the airport,” he said.
The board also continued discussion regarding passengers. If the airport can reach 10,000 boardings in a year it will receive an additional $1 million in federal funds.
Remynse said tours are eligible for the count and he will approach Dickinson Air Service, which operates out of the General Aviation Terminal, to help provide tours.
In other airport news:
Remynse told the board he will be staying with the Dickinson Airport and not taking over as Minot Airport manager, he said. He applied for the position last month.
Management intern Agnes Blanchut, of Purdue University, was at the meeting. She will spend the summer at the airport learning about airport management.