4. Finance/Accounting Compliance Assessment

Airport Advisory Board · 2026-04-29 · agenda_item

The City of Palatka is reviewing financial reports for the Palatka Municipal Airport for the period ending March 31, 2026. This review includes year-to-date revenues of $1,076,756.27 and expenses of $1,044,128, resulting in a net position of $32,628.13. The total airport budget is $5,170,276. This item is currently under review by the Airport Advisory Board. While no specific construction project is detailed, the airport is planning for future developments, including an eVTOL Aircraft Solution expected in 2028. Businesses involved in airport operations, financial services, and future aviation technology may find opportunities as these plans progress. Early engagement with city staff could provide insights into upcoming needs.

revenues year-to-date

1076756.27 $

expenses and transfers year-to-date

1044128 $

year-to-date net position

32628.13 $

total airport budget

5170276 $

percentage of budget realized in revenues

24 %

percentage of budget realized in expenditures

23 %