CIYG OF DALFO  AIRPORT AUTHORITY MEETING TUESDAY, JULY 23, 2024 DALTON MUNICIPAL AIRPORT  3:00 PM  MEETINGI NOTICE  The Airport Authority will hold its January meeting on Tuesday, July 23, 2024 at 3:00P PM at the  Airport.  MEETING, AGENDA  1.  Welcome and Call to Order 2. Approval ofI Meeting Agenda 3. Approval of May 14, 2024 Minutes  4. 5. 6. 7. 8. 9.  Public Commentary (must register, 31 min limit) Current Projects Update - Airport Manager Report on Operations Airport Manager  Review Financial Reports  Chairman's Update Miscellaneous Business  10. Adjournment  ANNOUNCEMENIS  Thei next airport: authority meeting willl be held on' Tuesday, September 10, 2024 at 3:00pm at the  Airport.    Municipal  Dalton  Aiport  EST1944 City of Dalton, GA  DALTON AIRPORT AUTHORITY MEETING MINUTES MAY14,2024. AT 3:00 P.M. DALTON MUNICIPAL, AIRPORT  Welcome and Call to Order:  Chairman Morgan called the meeting to order at 3:00 PM. A quorum was present. present were. Andrew Wiersma, Nicky Lama, Cindy. Jackson and Kimberley Witherow.  Present were: Authority members Dany Morgan, Benny Dunn, Chester Clark, Luis Prieto and Earl Boyd. Also  Approval of Agenda: Minutes:  The agenda was approved. All were in favor.  Oni motion by Benny Dunn, second byl Earl Boyd, thel March 26, 2024 minutes were approved. All werei in favor.  Public Commentary: There were no public comments. Financial Reports: 2025.  Cindy. Jackson presented the airport financial reports ending March 31, 2024. Thei financial report is aj part oft these minutes. Cindy reported that general liability insurance rates are anticipated to increase approximately 30% in  Current Projects Update: RAMP. REHAB. PHASE2  Andrew Wiersma reported on the following projects. The report is aj part of these minutes.  NWGP completed items noted on GDOT walkthrough Pay app: 5 approved (reduced by $10,790) Retainage left for payment OASTRLCTIONCIEARNG DESIGN. RW32 All bids rejected Re-advertisement for bids April 19 -May 20 Funding will push to. July NTP late. July  Page 11    HANGARS  Meeting with acting Fire Marshall Donnie Blankenship today on revised hydrant layout  Submit finalized site plans to GDOT Site work out for bids. June 1 Building design underway Advertise for bids July-Aug RUNWAY REHAB DESIGN P-401 use approved  Break ground. July-Aug depending on contractor schedule  Per Chris Hester, stormwater management, Dry Enhanced Swale may be needed  FAA discretionary approved at $2.4M State funding approved at $2.63M Local funding approved by M&C $966K on 5/6/24 Advertised for bids starting 5/7/24 Bids close. June 6, 2024 Pre-bid meeting May 22, 2024 at 2PM at Airport ELECTRICAL REHAB. DESIGN  Design is ongoing and looking to have 90% plans to GDOTina a few weeks Advertise for bids this summer pending GDOT approval.  LANGLEY PROPERTY, PARCEL 09-291-014-000 Appraisal is due back Friday 5/17/24 GDOT Hangar Study Released 4/30/24 GDOT Advanced Air Mobility Study released 5/8/24  GDOT HANGARSTUDY  5-YEAR CONSULTANT, SELECTION  Committee chose CMT, Kimley-Horn and Croy as top 3 firms -interviews scheduled Interviews conducted with these 3 firms 5/13/24 at City Hall Committee ranked firms int this order: I-Kimley-Horn, 2-CMT,3-Croy contract to include Planning and Engineering. All were in favor. Will begin contract negotiation with #1 choice firm Kimley-Horn  Motion made by Benny Dunn, second by Earl Boyd, to proceed with negotiations for Kimley-Horn for  Report on Operations: with the time difference. Chairman's Update: consulting firms. Announcements: Adjournment:  Andrew presented the report on operations as well as the fuel sales charts. The report is part of these minutes. Andrew stated he will be out of the country on vacation May 17-June 17, 2024 in the Philippines and to please contact Kelvin, Corey or Grant in his absence. He will be checking emails remotely, but there will be a delay Chairman Morgan thanked the committee members for their efforts reviewing the proposals and interviewing the  The next Airport. Authority Meeting is scheduled for. July 9, 2024 at the airport. There being no other business, the. Airport Authority meeting was adjourned at 4:301 PM.  Signed: tPe  Kimberley Witherow, Airport Secretary  Page 12    CITY OF DALTON MUNICIPAL AIRPORT  FINANCIAL REPORT  AS OF MAY 31, 2024    City of Dalton Statement of Net Position Enterprise Fund - Dalton Municipal Airport May 31, 2024 and 2023  2024 $ 49,364 $ 274 46,927 31,818 128,383 4,475,793 6,618,149 11,093,942 11,222,325 26,487 120 26,607 11,093,942 101,776  2023 21,352 268 76,438 26,683 124,741 4,475,793 4,710,946 9,186,739 9,311,480 39,484 120 39,604 9,186,739 85,137  Assets Cash Accounts receivable Inventory Prepaid expenses Total Current Assets Capital Assets Land Total Capital Assets Total Assets Liabilities Unearned revenue Total Liabilities Net Position Invested in capital assets Unrestricted net position (deficit) Total Net Position  Depreciable capital assets, net of depreciation  Accounts payable and accrued expenses  11,195,718 $ 9,271,876    City of Dalton Comparative! Statement ofR Revenues andE Expenses Enterprise Fund- Dalton Municipal Airport Fort the Five! Months Ended May 31, 20242 and2 2023 ACTUAL TOB BUDGET Actual Budget Favorable 5/31/2024 5/31/2024 (Unfavorable) 72,122 $ 72,000 $ 244,108 222,000 6,510 4,600 818 400 323,558 $ 299,000 $ 63,840 $ 64,000 $ 7,078 4,000 2,205 2,000 21,266 28,000 4,588 4,000 8,328 10,000 695 800 13,611 12,000 240 3,000 1,681 9,000 241 400 800 13,577 8,000 5,185 4,800 758 600 344 800 7,628 6,000 513 700 456 700 172 500 562 300 732 600 1,374 2,000 12,346 12,000 802 700 168,232 160,000 133 300 336,587 336,000 $ 178,750 192,000 $ 13,250 $ (191,779) $ (229,000) $ 37,221 10,757 $ 10,800 772 11,529 11,200  20241 TO2023 Actual Favorable 2024A Amended 122 $ 71,581 $ 541 $ 171,000 22,108 212,284 31,824 621,000 1,910 6,141 369 13,500 418 537 281 700 24,558 290,543 33,015 806,200 (3,078) 3,728 (3,350) 9,500 (205) 3,879 1,674 4,500 6,734 19,907 (1,359) 67,500 (588) 1,783 (2,805) 6,000 1,672 9,675 1,347 21,000 105 684 (11) 2,000 (1,611) 12,081 (1,530) 41,000 2,760 4,535 4,295 7,000 7,319 9,149 7,468 26,000 159 145 (96) 1,000 800 3,602 3,602 2,000 2,255 2,255 (5,577) 9,924 (3,653) 20,000 (385) 4,220 (965). 11,000 (158) 60 (698) 1,500 456 365 21 2,000 600 (1,628) 6,353 (1,275). 14,000 1,000 187 580 67 1,900 244 663 207 2,200 328 238 66 1,000 (262) 244 (318) 600 (132) 655 (77) 1,000 626 2,510 1,136 5,000 (346) 11,081 (1,265) 25,000 (102) 625 (177) 1,600 85 85 (8,232) 161,479 (6,753) 460,600 167 150 17 (587) 321,955 $ (14,632) 894,000  5/31/2023 (Unfavorable) AnnualE Budget  Revenue Rental Revenuel hangars Fuel Revenue- neto of discount Non-Fuel Revenue Miscellaneous Revenue Total Revenue Operating Expenses: Personal Services &E Benefits Fulll Time Wages PartT Time Wages Over Time Wages Employee Benefits Purchased- Contracted Services Legal Contracted Technical Contracted Garbage Disposal Lawn Care Building Repairs & Maintenance Equipment Repairs8 & Maintenance Vehicle Repairs & Maintenance Site Repairs & Maintenance Rental- Building Rebate Commercial Insurance Communications Advertisinga andF Promotion Travel Dues &Fees Credit Card8 &E Bank Fees Training8 & Education Other Purchased Services Purchased Contracted Services Supplies- General Supplies- Office Uniforms Supplies- Grounds Supplies- Buildings Utilities Gasoline- Diesel Meals Purchases ForR Resale Other Supplies Total OperationE ExpensesE Before Depreciation Net! Income( (Loss)E Before Depreciation Depreciation! Expense Net Operatingl Income (Loss) Non-Operating' Revenues (Expenses) Reimbursementi for Damages Interesti income Total Non-Operating' Revenues (Expenses) Other Revenues (Expenses) Transfers Transferi from GeneralF Fund Total OtherR Revenues (Expenses)T Transfers Changei in Net Position Beginning Net Position EndingN Net Position Footnotes:  160 $ 51,300 $ (12,540) $ 157,500  $ (13,029) $ (37,000) $ 23,971 $ (31,412) $ 18,383 $ (87,800)  190,975 $ 12,225 > 460,000 (222,387) $ 30,608 $ (547,800) (10,757) $ 10,800 571 201 571 $ (10,556) (221,816) $ (41,566) $ (536,000)  $  43 $ 372 415  400  1,000 11,800 76,000 76,000 (460,000)  Income (Loss) Before Other Revenues &1 Transfers $ (180,250) $ (217,800) $ 37,636  (180,250) $ (217,800) 11,375,968 11,195,718  37,636 $ (221,816). $ (41,566)  9,493,692 9,271,876  (1)Statements: are prepared ont thea accrual basis.    City of Dalton Airport Rental Revenue FYE 2024  Dalton Aircraft $ 3,714.00 $ 3,851.00 3,851.00 3,851.00 3,851.00  Hangar Rental 8,733.00 8,805.00 8,805.00 8,805.00  Cole Aviation 1,575.00 1,575.00 1,575.00 1,575.00  Total Revenue 14,421.00 14,493.00 14,493.00 14,503.00  Report Month  Herndon  January February March April May June July August September October November December  262.00 $ 8,736.00 $ 1,500.00 $ 14,212.00  262.00 262.00 262.00 272.00  Total Revenue  19,118.00 $ 46,075.00 $  1,320.00 $ 43,884.00 $ 7,800.00 $ 72,122.00 3,200.00 $ 102,900.00 $ 18,825.00 $ 171,000.00  Annual Budget  $  Accounts Receivable: Rent  5/31/2024 137.00 137.00 274.00 (120.00)  Dalton Aircraft $ Dalton Aircraft Vision Hospitality $  Unearned    FUEL PROFIT MARGIN YTD  5/31/2024 5/31/2023 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 244,108 $ 212,284 $ 593,764 $ 707,459 $ 389,602 $ 272,320 150,132 $ 200,776 $ 426,879 $ 515,811 $ 283,471 $ 164,329 $ 194,679 168,142 $ 161,478 $ 398,967 $ 515,412 $ 262,909 $ 162,050 $ 228,695  Fuel Revenue Fuel Purchases Beginning Inventory Ending Inventory Cost ofs Sales Profit From Fuel Sales Profit Margin Gallons! Sold: AVGAS Jet Salesp per gallon Cost per gallon  350,771 47,379 (13,363)  64,515 (46,505) 75,966 31.1% 18,702 26,595 45,297 $ $  36,603 (75,901) 50,806 23.9% 18,136 21,331 39,467  36,603 (64,515) 194,797 32.8% 42,677 65,732 108,409  36,204 (36,603)  15,642 (36,204)  13,363 (15,642)  192,047 $ 126,693 $ 110,270 $ 122,076  27.1% 41,048 78,987 120,035  32.5% 28,823 62,641 91,464 4.26 $ 2.87 $  40.5% 27,037 44,289 71,326 3.82 $ 4.43 2.27 $ 2.89  34.8% 29,405 49,750 79,155  5.39 $ 5.38 $ 5.48 $ 5.89 $  3.71 $ 4.09 $  3.68 $ 4.29 $  Excludes other direct andi indirect costs such as storage, labor, credit card fees.    PREPAID INSURANCE FY24  Prepaid 12/31/2023 5months  Expensed  Prepaid 5/30/2024  Term  Amount  Monthly  McGriff McGriff Fuel Tanks EBCO GL-CGL GL-CGL Workers Comp  Various see breakdown 5/1/23-5/1/24 $ 17,264.00 $ 1,438.66 $ 5,755.74 $ 5,755.74 $  1/1/24-12/31/24 $ 6,690.00 $ 557.50 $  $ 2,787.50 $ 3,902.50 $ 1,865.00 $ 20,515.00 $ 1,305.00 $ 6,525.00 $ 625.00 $  Various seel breakdown 5/1/24-5/1/25 $ 22,380.00 $ 1,865.00 $  3/28/23-3/28/24 $ 7,457.00 $ 621.42 $ 1,864.22 $ 1,864.22 $  4/1/24-3/31/25 $ 7,830.00 $ 652.50 $ 01/01/24-1231/24 $ 1,500.00 $ 125.00 $  875.00  $ 7,619.96 $ 14,202.46 $ 31,817.50  Comm WC  13,577.46 $ 625.00