HomeMy WebLinkAbout 2012-2-27 Finance Committee Airport CommissionMinutes for February 27, 2012, adopted Mar. 6
Town of Nantucket
Finance Committee/
Airport Commission
www.naiitucket-ma.gov
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MINUTES
Monday February 27, 2012 c
4 Fairgrounds Road, Community Room - 4:00 pm m
All or a portion of this meeting is being recorded. n c m
If you plan to record this meeting yourself, please check with the chairman before o u b -qin. —2-
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Finance Committee Called to order at 4:03 p.m.
Staff in attendance: Libby Gibson, Town Manager; Debbie Dilworth, Finance Departmenp-, Bolb
Dickinson, Acting Town Accountant; Terry Norton, Minutes Taker � -J
Attending Members: Matthew Mulcahy (Chair), Tim Soverino (Vice- chair), John Tiffany, Pester Morrison,
James Kelly, Matt Fee
Absent Members: Steve McCluskey, Clifford Williams, Christy Kickham
Late Arrivals: None
Early Departures: None
Airport Commission Called to order at 4:03 p.m.
Attending Members: Dan Drake (Chair), Arthur D. Gasbarro, (Vice chair); Sheila O'Brien Egan; Carl D.
England, Jr; David C. Gray, Sr.
Staff in attendance: Bill McGrath, Acting Manager Nantucket Memorial Airport
1. DISCUSSION OF FY2013 AIRPORT BUDGET RECOMMENDATIONS
Sitting FinCom Mulcahy, Soverino, Tiffany, Morrison,
Sitting Airport Drake, Gasbarro, Egan, England, Gray
Recused Fee
Documentation Copy of Nantucket Memorial Airport - Enterprise Fund FY2013 Budget
Sponsor Dan Drake, Chairman Airport Commission - Overview of Airport operations. Review
of Enterprise Fund FY 2013 budget.
Town Counsel N/A
Public Rick Atherton, Board of Selectmen (BOS)
Discussion REVENUE
Kelly - This is a very aggressive budget; would be more comfortable with a more
conservative approach.
Drake - This budget was recommended by the accountant.
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Minutes for February 27, 2012, adopted Mar. 6
(4:34)
Discussion EXPENDITURE
continued Tiffany — Looking at Cost of Goods Sold, it appears you are reducing the margins.
Drake — Not sure why that is; it shouldn't be. Policy has always been to charge 25
percent margin. Will be looking at a lot of these expenses.
Mulcahy — Would like a written rationale on the Cost of Goods Sold — Catering
Mulcahy — In regards to electricity, there had been talk about solar. What happened
with that?
Gasbarro — Planned Solar site conflicted with rare and endangered species; looking for
another site.
Kelly — In regards to the Professional Services, you know this committee
recommended expansion of the scope of the Forensic Audit. Has that been factored
into the budget?
Drake — This budget can already accommodate that.
Discussion of Unpaid Bills and Devine Settlement.
Atherton — In regards to reduced numbers of enplanements, trying to understand what
happened.
Drake — Nantucket Shuttle went out of business. The question is where did those
passengers go?
Morrison — Overlaying the anemic recovery of the last six months in the construction
business, there is a steady exit from the market of people flying over. They just aren't
shuttling out here anymore by air.
Drake — The number of excursion trips are also down significantly. However, we don't
have the Hy -line fast ferry numbers, which would give a whole picture.
Motion None at this time.
Conclusion N/A
AIRPORT WARRANT ARTICLES
—11V. DISCUSSION 1. Article 15 — Appropriation: Enterprise Funds Capital Expenditures.
Sitting FinCom Mulcahy, Soverino, Tiffany, Morrison, Kelly
Sitting Airport Drake, Gasbarro, Egan, England, Gray
Recused Fee
Documentation Copy of Article 15 and copy of draft motion.
Sponsor Dan Drake, Chairman Airport Commission — Runway Safety Area Rehabilitation,
Complete Construction and Furnishing — General Aviation/Administration Building,
Preliminary Design/Permitting for Runway 15 -33 Taxiway System.
Town Counsel N/A
Public None
Discussion Drake — $4.5M has already been authorized for the project.
Kelly — What would be the source of the $500,000 for the building work?
Drake — Would have to be bonded and paid off.
Kelly — Is there a backup plan if this committee chooses not to recommend?
Drake — Cannot quantify at this time.
Motion None at this time.
Conclusion NA
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Minutes for February 27, 2012, adopted Mar. 6
2. Article 18 —
Authorization: Airport Aviation Fuel Revolving Fund for Fiscal Year 2012.
Sitting FinCom
Mulcahy, Soverino, Tiffany, Kickham, Morrison, Kelly
Sitting Airport
Drake, Gasbarro, Egan, England, Gray
Recused
Fee
Documentation
Copy of Article 18 and copy of draft motion.
Sponsor
Dan Drake, Chairman Airport Commission
Town Counsel
N/A
Public
None
Discussion
None
Motion None at this time
Conclusion N/A
3. Article 19 —
Authorization: Airport Aviation Fuel Revolving Fund for Fiscal Year 2013.
Sitting FinCom
Mulcahy, Soverino, Tiffany, Morrison, Kelly
Sitting Airport
Drake, Gasbarro, Egan, England, Gray
Recused
Fee
Documentation
Copy Article 19 and copy of draft motion.
Sponsor
Dan Drake, Chairman Airport Commission
Town Counsel
N/A
Public
None
Discussion
None
Motion
None at this time
Conclusion
N/A
4. Article 24 —
Rescind Unused Borrowing Authority.
Sitting FinCom
Mulcahy, Soverino, Tiffany, Kickham, Morrison, Kelly
Sitting Airport
Drake, Gasbarro, Egan, England, Gray
Recused
Fee
Documentation
Copy Article 24 and copy of draft motion.
Sponsor
Dan Drake, Chairman Airport Commission
Town Counsel
N/A
Public
None
Discussion Discussion of Draft Motion and what should or should not be rescinded.
Drake — There is a pool of money at the FAA for that purpose.
Motion None at this time
Conclusion N/A
5. Fee Schedule discussion.
Adjourned Airport Commission Meeting 5:27
Adjourned FinCom 5:38
Submitted by:
Terry L. Norton
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