Killeen’s aviation fund for fiscal year 2015 is nearly unchanged from the current year’s budget with a mere $8,000 difference in the estimated fund balance for the Killeen-Fort Hood Regional Airport.
The proposed budget for the upcoming fiscal year shows a $1.87 million beginning fund balance for the Killeen-Fort Hood Regional Airport, $8,022 more than the estimated total for the current fiscal year. The estimated fund balance for the current fiscal year is $278,819 less than what was proposed in the fiscal year 2014 budget.
The proposed budget shows revenues up from $2.9 million in the current fiscal year to $3.06 million in fiscal year 2015 — about a $160,000 increase.
Proposed expenditures for the upcoming fiscal year are down $1.41 million from $4.86 million in the current fiscal year to a proposed $3.45 million.
Skylark Field has a proposed fund balance of $662,331, about a $52,000 increase over the current fiscal year’s estimated balance of $610,369.
Revenues are proposed to be $823,452 for the upcoming fiscal year, nearly $175,000 more than the estimated revenues for the current fiscal year. Estimated revenues for the current fiscal year are about $175,000 below what they were projected to be in the fiscal year 2014 budget. Expenditures are expected to increase from $609,979 in the current fiscal year to $861,152 in the new fiscal year — a $251,173 difference.
The City Council is slated to officially adopt the proposed budget Sept. 9.