Title
PROPOSED 2016 AIRPORT BUDGET
COUNCIL STRATEGIC INITIATIVE ADDRESSED:
Council Initiative: Improve transportation systems
CITY ATTORNEY REVIEW: N/A
SUMMARY STATEMENT:
The interlocal cooperation agreement for operation, repair, improvement, and regulation of the Southwest Washington Regional Airport calls for the airport board to submit a proposed annual budget to the parties to the agreement. That proposed budget becomes the actual budget for the succeeding calendar year upon its approval by a super-majority of the parties, meaning at least three of the four participating jurisdictions (Longview, Kelso, Cowlitz County, and the Port of Longview).
Attached is a copy of the proposed budget for 2016 as recommended by the board. On the income or revenue side, note in particular the contributions required from the parties to the agreement.
RECOMMENDED ACTION:
Review the proposed 2016 airport budget and indicate whether any revenues or expenditures are unacceptable. If the budget as presented appears to be acceptable, staff will prepare a resolution of approval for council action within the next few weeks.