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we have a fuel farm agreement, that is signed by the FBO’s (Fixed Base Operators), to
put fuel into our fuel farm and it is a standard fuel farm management agreement.
Commissioner Scott asked if she could see the fuel farm management agreements and
Mr. Giardino said absolutely.
Commissioner Coleman said he would like to make sure we are competitive with other
airports in the region and he doesn’t want us to charge the highest rate for fuel.
Commissioner Coleman also asked who is responsible for maintaining the fuel tanks
and Mr. Giardino reported that we are.
Mr. Giardino recommends that we have auditors come in to do internal audits on our
contracts. Contracts such as FBO’s, rental cars, etc. Commissioner Scott asked if we
would be auditing the contracts and Mr. Giardino reported that we would hire a firm to
perform the audit and make sure everyone is in compliance. Commissioner Scott asked
if it is stated in the leases that we can perform an audit. Mr. Giardino will check into that
and stated that for future contracts we would like to incorporate that into new leases we
enter into. Mr. Giardino would like to budget into fiscal year 18-19 the cost of an internal
auditor and would like to perform an audit per quarter.
EXECUTIVE DIRECTOR ‘S REPORT
Mr. Michael Giardino, Executive Director, gave the following report:
• Committees- The Commission has established committees already, the
ByLaws committee and Air Service Development committee. Mr. Giardino
recommends changing the name of the ByLaws committee to the
Governance committee to look at how the Commission runs but also the
governance of it. It would oversee things such as conflict of interest
training, changes to FAA rules and how we accept grants and things of
this nature. He would also like to recommend the establishment of a
Finance/Audit committee. He would like to establish regular meetings of
the committees and have them report back to the Commission.
RESOLVED, that the Peninsula Airport Commission rename the ByLaws Committee to
the Governance Committee and create a Finance/Audit Committee, with appointments
to the said Finance/Audit Committee to be made at a later date.
Commissioner Steve Mallon made the motion and Commissioner Rob Coleman
seconded the motion.
Voting yes were:
Rob Coleman, Steve Mallon, Sharon Scott, and George Wallace.
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