FY 2020 Budget

2019 - 2020 Annual Budget

Airport Proprietary

Division: Function:

Description of Services:

The Northwest Iowa Regional Airport is owned and operated by the City of Spencer. The city provides maintenance of the buildings, runways and taxiways, aircraft aprons and lighting systems. The city contracts with Leading Edge Aviation as the Fixed Base Operator (FBO) to provide general aviation services. Maintenance at the airport is performed by employees of the Street Department. The Airport Board of Trustees is appointed by the mayor and approved by the Council to oversee the operation of the airport. The airport relies on grants from the federal and state governments for many of its capital projects.

Budget:

Actual

Actual

Original Budget

Revised Budget

Budget

Expenditures by Category

FY 16-17

FY 17-18

FY 18-19

FY 18-19

FY 19-20

Personnel Maint, Supplies, Services Capital Outlay Debt Service Transfers

$

17,982 94,363

$

19,836 104,236 20,496

$

22,463 110,350 31,000

$

25,511 102,177 31,000

$

23,356 121,300 16,000

- -

-

-

-

-

108,916 221,261

50,914 195,482

21,835 185,648

21,740 180,428

5,973

Totals

$

$

$

$

$

166,629

$

219,598

$

228,403

$

164,400

$

164,400

$

159,750

Dedicated Revenues

Expenditures by Category and Dedicated Revenue

$250,000

$200,000

Debt Service Transfers Capital Outlay Maint, Supplies, Services Personnel Dedicated Revenues

$150,000

$100,000

$50,000

$-

Actual FY 16-17

Actual FY 17-18

Budget FY 18-19

Budget FY 19-20

184