Events

June 19, 2013

Mojave Air and Space Port adds funding for Events Center

Raphael Jaffe

Finances dominated the topics discussed at the June 18 Mojave Air Space Port directors meeting.

Funding was increased to rehabilitate Bldg. 137 as an events center, and the proposed 2013-2014 fiscal year budget was presented. Additionally, the Administrative Code was amended and the Northside project completion was announced.

Events Center

The World War II era Pool building [Bldg. 137] is being renovated to become an events center.

The board approved $600,000 to start at its Aug. 21, 2012 meeting; and next yearís budget proposal has an item of $485,000 to continue the work. Staff program manager John Kelly reported that addition funds are needed to bring it to minimum operating capability by Sept. 15, 2013, and more complete capability by Feb. 1, 2014. To complete dual exterior restrooms, the bid is $364,000 greater than the $95,000 previously budgeted. Also, heaters at a cost of $50,000 have to be installed for an anticipated February 2014 event.

Approval of an additional amount of $330,000 was requested of the board. It was approved on a 4-to-1 vote. The desenting vote was by director Dr. Allan Peterson. He was evidently uncomfortable with the piecemeal way the project funding requests have been proposed. During discussion of the item, Witt said ìIt will be a great asset to the airport, even if it not cheap.î He likened it to the funding of Heritage Park, which was subsequently paid for by a donor.

Proposed budget

The 2013-2014 budget proposal was presented by deputy GMO Karina Drees, and had been prepared by her and CFO Erika Westawski. Revenue is expected to reach $10 million. The breakdown is leases at 44 percent, cooperating revenue at 32 percent and fuel sales at 21 percent. An FAA AIP grant of $1.7 million is included as expected. Revenue balances expenses with the inclusion of $412,000 transferred from reserves.

Two new expense categories are a marketing expense account, funded at $101,000; and directors discretionary travel fund of $20,000. Event expense has been budgeted at $20,500, an increase from the $1,387 of last year.

Major nonrecurring expenditures include nearly $1 million in facilities improvements; primarily pump house improvements [fire suppression] and events center renovation. Capital expenditures include: $485,000 for events center improvements; $120,000 for Rincommini Blvd. water line and oleanders; $50,000 for two security department trucks; and $28,000 for a 2013 Chevy Equinox.

The directors have several comments on the budget. There will be a directors meeting in the next few days that will firm up the budget, which is scheduled to become effective on July 1.

Administrative Code

Witt has been discussing bulk fuel sale with an interested party. He requested, and the board approved, a change to the Administrative Code. It states that the general manager has the authority to negotiate the price per gallon of fuel sold for purchases of 10,000 gallons or more. Witt feels this may be a convenient way to add to airport income, as there would be minimal costs to handle these large fuel transfers. Other changes to the Administrative Code have beeen proposed, and will be handled at future meetings.

Northside Project completion

A major project to provide fiber cable internet connectivity, electricity and water to the north side of the airport has been completed. As of June 17, the water service was activated, the other services having been activated several weeks ago.

The project cost was about $1,184,000. This answers tenant requests for such utilities and increases the value for land leases in the future. There are several prospective new tenants for this site.




All of this week's top headlines to your email every Friday.


 
 

 

Headlines October 24, 2014

News: U.S., South Korea delay transfer of wartime control - The U.S. and South Korea have delayed transferring wartime operational control of allied forces by taking on a “conditions-based approach” and scrapping the previously set deadline of 2015.   Business: Exclusive: Lockheed, Pentagon reach $4 billion deal for more F-35 jets - Lockheed Martin and U.S. defense...
 
 

News Briefs October 24, 2014

French moving troops toward Libyan border A top French military official says the country is moving troops toward the Libyan border within weeks and, along with U.S. intelligence, is monitoring al Qaeda arms shipments to Africa’s Sahel region. A French base will go up within weeks in a desert outpost just a hundred kilometers (60...
 
 
Navy photograph

Navy to commission submarine North Dakota

Navy photograph The PCU North Dakota (SSN 784) during bravo sea trials. The crew performed exceptionally well on both alpha and bravo sea trials. The submarine North Dakota is the 11th ship of the Virginia class, the first U.S....
 

 

Boeing announces SF Airlines order for Boeing converted freighters

Boeing announced Oct. 23 that SF Airlines has placed an order for an undisclosed number of 767-300ER passenger-to-freighter conversions (Boeing Converted Freighters). SF Airlines, a subsidiary of Shenzhen, China-based delivery services company SF Express, will accept its first redelivered 767 in the second half of 2015. “SF Express aims to become China’s most respected and...
 
 
LM-C130

Another Super Herc Little Rock Rollin’

  Lockheed Martin delivered another C-130J Super Hercules to the 61st Airlift Squadron at Little Rock Air Force Base, Ark., Oct. 23. Little Rock AFB’s new C-130J was ferried from the Lockheed Martin Aeronautics facility ...
 
 

United Technologies beats third quarter profit expectations

United Technologies Corp. Oct. 23 reported third-quarter profit of $1.85 billion as sales increased across all its businesses and the aerospace giant reported favorable tax settlements. The Hartford, Conn.,-based company said it had profit of $2.04 per share and earnings, adjusted for non-recurring gains, came to $1.82 per share. The results topped Wall Street expectations,...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>