This page uses extracted PDF text. Text can misread numbers, dates or table columns. Check the PDF before quoting or interpreting it. Redacted areas remain redacted.
payrolls on a project had not been signed, this could also be avoided if there were an
RPR (Resident Project Representative) on site for large projects.
There is a lack of a Conflict of Interest policy. The FAA requires a written policy to be in
place. Mr. Giardino, Executive Director stated he would have one completed by the next
meeting.
Publishing Financial Results annually. We did not publish financial results and it does
not suffice to have them on the website.
Virginia Procurement Act- all purchases made by the Commission must be in
accordance with the Virginia Public Procurement Act. There were purchases made for
professional services that were not purchased through competitive bidding procedures.
The Commission will ensure compliance with the Virginia Public Procurement Act.
Ms. Roberts thanked Ms. Ford, Ms. Cheaney and the management team for all of their
support and cooperation with the audit process.
RESOLVED, that the Peninsula Airport Commission accept the FY2017 Audit as
presented.
Commissioner Rob Coleman made the motion to accept the FY 2017 Audit and
Commissioner Steve Mallon seconded the motion.
Voting yes were:
Rob Coleman, Steve Mallon, Sharon Scott and George Wallace
Ms. Renee Ford continued her report with the following:
Ms. Ford reported the Airport’s revenues were .7% below budget and 6.2% above last
December 2016. Our expenditures for December 2017 totaled 6.7% above budget and
9.6% above December 2016.
Ms. Ford also reported that we are working with the FAA to close out the Security
Checkpoint project and get our reimbursements for that. Chairman Wallace asked how
much the reimbursement will be and Ms. Ford reported it will be $1.1 million.
Commissioner Coleman asked about fuel revenue. Mr. Giardino, Executive Director,
stated that fuel is purchased by the user (Delta, American, Atlantic Aviation, Rick
Aviation, etc.). The airport does not purchase aircraft fuel. Commissioner Coleman
asked what is our percentage of revenue from the sale of fuel. Ms. Ford reported that
we receive $.05/gallon from general aviation and $.015/gallon from commercial.
Commissioner Coleman asked if the Fixed Base Operators charge what they want for
fuel and Mr. Giardino said yes. Commissioner Scott asked if we know all the airlines
and private planes that are purchasing fuel and Mr. Giardino stated that we do and that
Jump to an indexed page (9 of 9)