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08-11-2011 Regular Meeting _ Peachtree City Airport Authority (PCAA) Regular Meeting Regular Minutes Thursday, August 11, 2011 Aviation Center, Peachtree City-Atlanta Regional Airport 7:00 p.m. Members Present: Chairman-Richard Whiteley, Vice-ChairmanjTreasurer-BiII Flynn, Interim Airport Director-Bryan LaBrecque, Jim Savage, JUlian O'Connell, PCAA Members: Zaheer Faruqi, George Harrison, Bill Rial, Airport Attorney-Doug Warner City Council Member-Doug Sturbaum I. CALL THE MEETING TO ORDER Chairman Whiteley called the meeting to order at 7:01. II. APPROVAL OF MINUTES Bill Flynn made a motion to approve the corrected August Minutes. Motion was seconded by George Harrison. The motion passed unanimously. III. REPORTS Airport Safety & Operations - Jim Savage Finance & Capital Budgeting - Bill Flynn Tenant & Community Relations - Bill Rial Marketing - Zaheer Faruqi IV. FINANCIAL REVIEW Interim Aviation Director - Bryan LaBrecque V. OLD AGENDA ITEMS VI. NEW AGENDA ITEMS VII. EXECUTIVE SESSION ~. ,~ {<1:I~;l~,'llW~\ VIII. ADJOURNMENT Note: This agenda is subject to change up to 24 hours prior to the meeting. Note: A quorum of the Peachtree City Mayor & Council may be in attendance. ~ PEACHTREE CITY AIRPORT AUTHORITY FINANCIAL SUMMARY Jut 2011 Aug 2011 Oct '10 - Aug 11 4022 . Fuel Sales Jet 76,873.87 86,316.03 699,677.28 Profit - Jet Fuel 21,463.31 24,376.82 198,042.10 Pratt % - Jet Fuel 27.9% 28.2% 28.3% Jet Gallons Sold 15,846 17,442 156,404 4023 . fuel Sales Avgas 47,518.56 53,619.96 481,724.82 Profit - Avgas 6,444.96 8,728.08 81,098.41 Proft % - Jet Fuel 13.6% 16.3<<>>16 16.8% Avgas Gallons Sold 8,869 9,368 94,565 Hotel/Motel Tax Income 12,902.00 8,000.00 103,274.00 ~. OPERATING PROFIT I(LOSS) 16,743.44 19,528.76 116,080.60 CASH BAlANCE 748,758.18 788,714.05 1~~r."'1lli