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Meeting Minutes for:
Finance Committee Meeting
Yuma International Airport, Conference Room
Tuesday, July 28, 2026 at 12:03 PM
Call to Order:
The Yuma County Airport Authority, Inc. (YCAA) Finance Committee Meeting of the Board of Directors was called to order at12:03PM on July 28, 2026, in the Yuma International Airport Conference Room, 2191 E. 32nd Street, Suite 218, Yuma, Arizona 85365. The Presiding officer was Stanley Gourley, Chairman.
YCAA FINANCE COMMITTEE MEMBERS PRESENT WERE:
Stanley Gourley, Chairman and YCAA Treasurer
Eric Saltzer, Director
Tony Koehl, Director
YCAA FINANCE COMMITTEE MEMBERS ABSENT WERE:
None
ALSO PRESENT WERE:
Bill Craft, President
Greg McShane, Director
Gladys Brown, Airport Director
Andrea Lopez, Executive Assistant (exited the meeting at 1:28PM)
Gabby Reyes, Finance and HR Specialist
Sandra Mendivil, Finance and HR Specialist (exited the meeting at 1:28PM)
Silvia Gunderman, OneAZ (exited the meeting at 1:28PM)
CALL TO THE PUBLIC
There were no Public Comments.
REGULAR AGENDA
1) Discussion and overview of FY26 YTD Budget.
Gladys Brown, Airport Director, briefed the Board on the FY26 YTD Budget through May of 2026, pointing out areas of interest that were to be addressed in the upcoming Proposed FY27 Budget.
2) This agenda item is intended to provide the Committee with the opportunity to examine recent changes in the YCAA’s Capital Reserves.
The YCAA’s capital reserves are used to cover temporary cash flow needs and occasional investments in significant repairs or asset acquisitions as authorized by the Board. Gladys Brown, Airport Director, briefed YCAA’s capital reserves are supplemented over time by revenues in excess of expenditures, as well as earned interest.
She presented historical trending of the YCAA’s reserves, discuss recent transactions in which its reserves were utilized and brought the Committee up to date on the status of four recent “Off-Budget” investments authorized by the Board.
3) Presentation and update regarding construction projects underway and revenues earned from providing construction administration services in aid to the Yuma Proving Grounds Department of Public Works.
Gladys Brown, Airport Director, gave a general update on existing projects including projected revenues to be earned through the completion of FY26. This agenda item is intended to better assist with the draft FY27 budget discussion. Within this agenda item, Ms. Brown provided several of the current awarded projects over the past two years, accounts awaiting payment and the duration in which the YCAA has experienced for payment received. Additionally, the remaining revenue to be collected in FY26 was provided and estimated based on projected project completions.
4) Presentation and update regarding projected FY26 Aeronautical and Non-Aeronautical Revenues.
Gladys Brown, Airport Director, provided insight into the projected revenues to be earned through the end of FY26 exposing general trends of activity at the airport. She expressed the methods of how these revenues are used project the FY27 budget.
5) Discussion and possible recommendation on the Proposed FY27 Budget for the Yuma County Airport Authority.
Gladys Brown, Airport Director, presented the Proposed FY27 Budget in some detail. After discussing the expected revenues to be generated, including historical trends, the Airport Director described the expenditure necessary to ensure the safe and efficient operation of the airport. Director Koehl did provide input regarding clerical corrections and listed revenue which needed to be cross referenced. The Airport Director requested those discrepancies for correction and inquiry be forwarded to her for correction. Within the agenda Item, the personnel costs were distributed to the Board for review and discussion.
After discussion the Committee agreed unanimously to recommend the FY27 Proposed Budget be presented to the Board of Directors at August 11, 2026, regular meeting for authorization.
6) Possible executive session for discussion and/or consideration for the Airport Directors, personnel matters under the provision of A.R.S. § 38-431.03(A)(1).
Discussion and/or consideration for the Airport Directors, personnel matters.
EXECUTIVE SESSION
Stanley Gourley, Chairman excused the Public and Airport Staff at 1:28PM so the Committee could enter Executive Session.
The Committee began Executive Session at 1:39PM and remained in executive session until 2:03PM.
RECONVENE REGULAR BOARD SESSION
The Committee reconvened its regular session at 2:04PM.
The committee came to a consensus to recommend to the Board of Directors approve the direction agreed to in executive session.
CALL TO THE PUBLIC
There were no Public Comments.
ADJOURNMENT
There being no further business before the Committee the meeting adjourned at 2:05PM.
// Approved //
Stanley Gourley
Treasurer, Yuma County Airport Authority; Finance Committee Chairman | |
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