August 21, Tuesday:
Vernon Airport Advisory Committee 3:00 pm Okanagan Lake Room
Join the Airport Committee as they have their meeting with a full compliment of 4 citizen members and their Council rep. Beardsell.
- Will the 2006 Financial Statements for Airport be presented?
- Will the actual accumulated profit to be transferred over to City's books be revealed?
- Will the final Capital Reserve amount to be transferred be announced?
- What will happen to the Taxiway Charlie project ?
Don Quixote Historical update:
- The accumulated deficit on Airport's books of $98,498 to 2005 year end and any loss or profit for 2006 affect the 2007 budget. When Amortization is backed out in the amount of $ 163,530 {$68314 (2004) and $95216 (2005)} the deficit of $98,498 becomes a surplus of $65,032 at 2005 year end. Combined with the 2006 profit at the same rate we would have about $100,000 towards 2007 surplus.
- The Airport Capital Request of $113,333 at 2006 year end? (may be slightly lower as they stuck in some smaller items after original reconciliation?) Original reconciliation can be found at Airport Capital Reserve Reconciliation
No comments:
Post a Comment