Meeting Minutes for:
Finance Committee Meeting
Yuma International Airport, Conference Room
Wednesday, June 30, 2021 at 12:00 PM
Call to Order:
The Yuma County Airport Authority, Inc. (YCAA) Finance Committee Meeting of the Board of Directors was called to order at 12:00PM on June 30, 2021 in the Yuma International Airport Conference Room, 2191 E. 32nd Street, Suite 218, Yuma, Arizona 85365. The Presiding officer was Eric Saltzer, Chairman.
YCAA FINANCE COMMITTEE MEMBERS PRESENT WERE:
Eric Saltzer, Chairman & YCAA
Dean Hager, 1st Vice President
Reetika Dhawan, Director (attended the meeting electronically)
YCAA FINANCE COMMITTEE MEMBERS ABSENT WERE:
Albert Gardner, Director
ALSO PRESENT WERE:
Gladys Brown, Airport Director
Gerald Hinkle, Jr., Chief Financial Officer
Ken Scott, ASN Volunteer
1) Discussion and overview of FY21 Budget in the Final Quarter.
Ms. Brown, Airport Director, provided a presentation of FY21 Budget through May of 2021. There was a brief discussion about the excess of revenues presented as a result of a rebound in activity that was unexpected so early after the pandemic. The Committee expressed their understanding and satisfaction with the airport’s financial situation through May.
2) Discussion and possible recommendation on the Proposed FY22 Budget for the Yuma County Airport Authority.
The committee reviewed the Proposed FY22 Budget in some detail. After the presentation provided by Ms. Brown the Committee discussed possible future considerations regarding investment, expansion and effects additional revenues collected could have on existing tenants. The Committee agreed unanimously, to recommend the FY22 Proposed Budget for authorization at the July 113, 2021 regular meeting.
Before adjourning, Ms. Brown presented a projected budget which reflects staff expectation of how FY21 would culminate as compared to the budget. This projection estimated a significant excess of Revenues over Budget due to the recent uptick in activity as compared to the situation existing when the FY21 was prepared. Ms. Brown informed the Committee of her recent discussion with the Election and Personnel Committee about her decision to move forward with an investment in personnel as in previous years.
There being no further business before the Board the meeting adjourned at 1:18PM.
|// Approved //|
Treasurer Yuma County Airport Authority; Finance Committee Chairman
| |Other Board Minutes
|Fri Jan 27, 2023 -- Finance Committee|
|Thu Jan 19, 2023 -- Strategic Planning Committee|
|Tue Jan 10, 2023 -- January Board|
|Tue Jan 10, 2023 -- Annual Board Meeting 2023|
|Tue Dec 13, 2022 -- December Board|
|Tue Dec 6, 2022 -- Finance Committee|
|Tue Nov 8, 2022 -- November Board|
|Tue Oct 11, 2022 -- October Board|
|Thu Sep 22, 2022 -- Elections and Personnel Committee|
|Tue Sep 13, 2022 -- September Board|
|Mon Aug 29, 2022 -- Finance Committee|
|Tue Aug 9, 2022 -- August Board Meeting Minutes|
|Wed Aug 3, 2022 -- Elections and Personnel Committee |
|Tue Jun 14, 2022 -- June Board|
|Fri Jun 3, 2022 -- Finance Committee|
|Thu May 26, 2022 -- Strategic Planning Committee|
|Tue May 10, 2022 -- May Board|
|Tue Apr 12, 2022 -- April Board|
|Tue Mar 8, 2022 -- March Board|
|Mon Feb 28, 2022 -- Strategic Planning Committee |
|Mon Feb 28, 2022 -- Elections and Personnel Committee |
|Mon Feb 28, 2022 -- Public Relations Committee |
|Mon Feb 28, 2022 -- Finance Committee |
|Tue Feb 8, 2022 -- February Board|
|Tue Jan 11, 2022 -- January Board|
|Tue Jan 11, 2022 -- Annual Board Meeting 2022|
|Tue Dec 14, 2021 -- December Board|
|Tue Nov 9, 2021 -- November Board|