Jamestown (CSi) The Jamestown Regional Airport Authority has approved the 2016 budget for $130,500 more in spending than in 2015.
The Airport Authority approved revenues of $643,700 and expenditures of $643,100. The biggest increase in revenues comes from $65,000 the Stutsman County Commission approved to help pay for the cost of a wetlands mitigation project.
The Airport Authority will also see increased revenues from leases of airport property to Reimer Land Legacy LLC, which is leasing 835 acres of airport land for three years. Reimers will pay $105.73 an acre for 2016, $108.90 an acre for 2017 and $112.17 an acre for 2018. The current lease, which expires at the end of this year, had Reimers leasing the land for $73.32 an acre. In the 2016 budget the lease revenue increases from $75,200 in 2015 to $102,800 for 2016.
With spending,most of the increase is the $65,000 the county gave to the Airport Authority to cover its portion of the $1.3 million phase II wetlands mitigation project.
The 2015 budget had $499,600 in total revenue.
The authority also budgeted $206,000 for salaries of the airport’s hourly and salaried employees, up from $190,000 in 2015.












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