 I'll call the meeting of the airport commission to order at five oh three. Before we get into the agenda. I think most of the all of you know that commissioner. Progress. That commissioner Jeff Munger passed away. He fought a pretty valiant battle with leukemia. But, you know, in the end he just, he just couldn't, he couldn't prevail over it. So, you know, for those of you don't know, Jeff has been a fixture in Vermont and Vermont transportation for, for a long time he served for two decades. Working for Jim Jeffords and for Bernie Sanders on transportation issues. He was on this commission from 2009 until, you know, just a week ago or so. And served as, as chair from 2013 until he stepped down last year. So he's an amazing man. He's done a lot. Very fittingly today is his celebration of life. Ceremony and of course he does it on the third Wednesday of the month, just as we would normally have an airport commission meeting. So it's ironic, but fitting in a way I would guess. So I just like to take a moment now to celebrate just life with a brief moment of silence. Thank you. All right. Thank you everyone. I appreciate you thinking of Jeff in that way. Jeff, you know, keep looking down at us, make sure we're doing a good job and representing Vermont in transportation issues and specifically for the airport. I also want to welcome Eric. There he is. The right box on the screen. Eric, welcome. Eric is our new Winooski representative. Thank you for joining us. We appreciate you coming on the commission. And that again, for those, most of you know, this is the results of the charter change that passed in the last couple of weeks. So I'm going to go back to that earlier this year. So in addition to Eric's seat, there is now an additional Burlington seat. And we also have this, obviously Jeff Munder seat is open. And we also have Bill Kio's seat who is open. You know, after he has moved to Shelburne. So Burlington currently has three open seats to fill. My understanding is that it's going to be happening in the next month or so. But it's going to not be an issue. So thank you for everyone who is, who has had to make all this work. You know, thank you. All you commissioners who have been here today. Thank you, Nick and airport staff for finding a, I think a creative way to have this meeting and other meetings when corn was super tight. So, so again, thank you everyone for, for helping make this happen. So the first item officially on the agenda is the agenda. Do I hear a motion to approve the agenda? Second. Any discussion on the agenda or amendments to propose. Hearing none, all those in favor adopting the agenda is presented to be signified by saying aye. Aye. Any opposed. Excellent. We have an agenda. Next up is public forum. Are there any members of the public on this call? I'm hearing none. Yeah, there's a few members that will be coming. I don't see any members of the public. I don't see one of our action items. Tim, but I don't see any members of the public. In the attendees list. Perfect. Thank you, Nick. So next up is the consent agenda. Do I have a motion to approve the contents of the consent agenda? So moved. Sorry. Any discussion on the consent agenda. I just, I just my only comment was the playments look great. They're really picking up. I think we're back to 2018. If I saw that chart correctly and just within a hair's breadth of 2019. So that is, is wonderful to see that we're progressing so nicely to, to full recovery. Yeah. Yeah. Tim, I'll just add real quick and you're, we'll, we'll get into it very briefly and some of the other items, including the budget, which of course all of this is related to our revenue coming in, but also our future forecast, which is really important, especially over the next couple of months, looking incredibly, incredibly high. I'll get into that a little bit more later, but the bottom line for in playments is yes, we're, we're definitely growing, growing back to at least pre pandemic, which is great. Just, I just had a quick question on the, the weights, the landed weights. What, what's the unit for those figures? So that is, that is in pounds. So that is, yeah, that's actual pounds and Eric, just a little background there. The reason why we track the actual weight itself is we charge the airlines per thousand pounds. So essentially, if you divide that by a thousand, multiplied by our rate, which Maria believe is $2 and 44 cents or 39 cents somewhere around there per thousand pounds. That's why it's so important to us. It also gives us kind of a trend line of what size aircraft, not literally the weight, but the size of the plane itself, regional jet versus a mainline carrier or a much larger carry. Great. Thank you. Any other comments or discussion on the consent agenda? If none, all those in favor, please signify by saying aye. Aye. Any opposed. Thank you. Next is item now in our action items, item 6.01, the BCA art contract for the tip. Nick, do you have any opening comments you'd like to make on that? Yeah, that would, that would be great. And I'd like to introduce a couple of folks as well. So we are privileged to have Andy and Elizabeth who are the artists, Elizabeth's not here, but the artists of the particular project. The first one is from the Burlington city art. So sister department of ours, Doreen Kraft and Sarah cats. All of them have been instrumental in kind of reorganizing the structure and the next steps of some of the art displays in the airport. I couldn't think of a better first step, which is our new terminal integration project building and what kind of art we can incorporate that into. And that's what we're going to be doing. And that's what we're going to be doing. And that's what we're going to be doing. Andy and Elizabeth had created maple apple birch. Andy, I don't want to step on your toes because I don't remember the exact year. 21 years ago. 21 years ago. And that particular art piece, which if you remember was on the wall. Adjacent to the South concourse. Queuing lane. That of course had to be removed. And that's what we're going to do. And that's what gave us the opportunity to be able to create a new piece of art. And I think it's really important for us, Andy and Elizabeth to help relocate it. Well, they came back in much, much better form. And not only are relocating it, but are revitalizing it and truly transforming it into a new piece inside of the new terminal integration. Project. So what we're asking for tonight is a recommendation for a We don't yet have the contract in place yet, but this is that preliminary step to sign a contract, not only with VCA, but also with maple apple birch and Andy and Elizabeth to to add that into the new tip project. If you'd like me to show an image I can, you can share a screen or I don't know if it's necessary but you know I could just be great. Yeah, so I don't I need to be given screen sharing I guess. Hannah will get that for you real quick. Sorry about that you guys. It's all it's technology. Can you try right now. Do you see it right now Andy? Am I supposed to accept or share screen. You should it should say share screen at the bottom. Do you see that. Yeah, share. Yeah. Can you see my screen here. Yeah. Yes, we can. Yes we do. Okay, I just, if you'd like I have a couple minutes that I could just share just a little bit about this piece if that's helpful. Maple apple birch holds the essence of a Vermont forest made 21 years ago. Maple apple birch reinstalled is an opportunity. The selected new location is a more expensive area with longer views through the glass curtain wall. The new hallway is made up of five recessed walls interspersed by columns as you see here. An additional escalator wall at the recomposure area will bring calm and a cohesive energy to the commotion of airport security so as you pass through security. Maple apple birch will be on your left but there'll be an additional piece of mirroring the energy and the calm of this forest landscape on your in the recomposure area against the escalator wall. How does maple apple birch belong in this new space. Imagine you've just passed through security you're reorganizing yourself sitting or standing in the recomposure area, the serenity of a spring forest greets you. There's the spring forest greets you then funneling through a long hallway the view opens up trees reflections and shadows give pause the hustle and bustle. So the top is the long Carter and then below here is the escalator wall. The forest, the flickering presence of the core of Vermont, the balance between the two walls of art carries the traveler and airport staff from the recomposure down the long hallway. Through our Vermont landscape of light filtering through the canopy of trees and then on to a new destination. A new work transforms the entire security area from a pass through to a journey through the distillation of Vermont, a forest to reflecting walls becomes a gateway for travelers departing from Vermont. And we felt that really the old piece really did have that sense of Vermont with the saplings but that. 21 years later there was the sense that the panels behind there are etched a sandblasted mirror glass sandblast on both the front and the back so you have the sense of sort of the macro on the micro view, meeting you and giving you this reverberation that I think will really open up the space and make you feel like you're not just going through security but they're actually, you know, very much site specifically relating to what it feels like to be in the Vermont landscape. So we, and we feel that the piece will just have, have a very joyful presence and that the mirror glass is a lot of work, but we really want to do it for our home airport so you have it. Great thank you Andy. Sure. And you can see here there's the long wall and then there's the escalator wall to the right. So the blue panels represent the old panels that we had previously in the airport and then the gray will be all the sandblasted mirror glass. And then there's our budget. There are a lot of panels of mirror glass going into this piece. We've tried to keep it. We appreciate that. Thank you. So stop sharing. There you go. Thank you very much Andy. Sure. And I'm glad to answer any questions you might have about this piece and how you feel about exciting and where it is. But we spent a lot of time trying to work with the panels in the confines of what it was before and we just had to bust out and make some new and fresh and greeting this expansion expanded airport. Well, I think it looks really beautiful. I think the glass and the translucent. I guess, offering will really be lovely. Any other further comments by commissioners. I think it's great. Glad we're doing. Yeah, I am too. It's fun to revisit something but it's important to sort of feel like it comes into our lives having been rethought a little bit or as an opportunity as we said. Yeah. So I would note on a technical standpoint we don't actually have the contract or any memo to a to approve. So this is more, this would be more of a, I don't technically how we phrase this but we support moving forward with exploring this opportunity and a wreck if I make him in a recommendation to board of finance for that that particular budget. Okay. So I'll move the recommend that we forward that budget to the board of finance with our approval for support. Do I hear a second. I'll second that. Great. Thank you. All those in favor please signify by saying aye. Aye. Aye. Any opposed. So one next step is 6.02. Your support everyone. Thank you. Thank you. Thank you, Colin. Thank you all very much. Have a great night. All right, 6.02 is the budget amendment. Nick you're the presenter on this one. Yeah, my name is on there and we're preparing for the May meeting so I'm actually going to hand that right over to Marie. Marie wasn't going to be able to make the main meeting so quick switch. Yeah, thank you Nick. Thank you everyone. And good evening. We're simply doing a little housekeeping with our budget amendment. We began operating the new quick turnaround facility QTA for our car rental concessionaires, and that opened up in October. And one of the things that we didn't entirely know we didn't know how quickly or how much gas. The gas is used by the car rental employees when cars get returned, then if they're not full they fill them up, just like if you rent a car that's how it, they do that there they fuel they wash the car in that facility. And we didn't really have a great idea of how much fuel they would go through between coven and how much do people fill up so what we're finding is that a lot of people don't fill up their cars and the, the car rental concessionaires are actually going through gas pretty quickly. So what this is doing this is really a budget neutral. We purchased the gas and put it in a tank, and then we keep track they have to swipe every time that the car rental companies are taking the gas. And we bill every month we bill the car rental companies for what they use so it's a really a budget neutral transaction. And that's what you have in front of you. So if you have any questions on on on this or why we're doing this. Just, just two quick questions Murray so you mentioned that we didn't have the ability to forecast this. So prior to the new QTA facility how were rental car companies refueling their vehicles. We didn't have any previous QTA facility, but they manage that themselves. Okay, we are now managing the new facility because we want to keep it to be state of the art and, you know, and, and all the maintenance prevented maintenance we want to keep it good for a long time. So we're managing that now but we didn't manage it before. So we didn't actually know. We didn't have a good sense of how much, how much, how much do cars not fill up when they return them. There was, I'll also add there was also only two car rental companies in the previous QTA this. There are now three with each subsidiary brand as inside of this QTA. The two car companies in the old QQTA, like Murray said, managed it themselves they had their own fuel tanks, their own permit everything was totally separate this is a much more controlled cleaner. We hold the permit we control the flow, and we control the reimbursement like Murray said which is, which is critical to that neutral source. Do we have any additional beyond beyond the gas do we have any additional expenses of running that QTA facility or self and if so, are we get how are we getting reimbursed at all by the rental car companies for that. We are so we once they took possession of that QTA they started paying us ground rent. So we build them a ground rent for their occupancy there. And in addition, the utilities, we build that every single month and that gets divided among them so they reimbursed us 100% for that. And the, any of the expenses of actually running the QTA so you know the incidentals or it might be some equipment that we're buying or just there just that sort of normal things that are going on our staff check on it every day our staff do certain have all the time and they're checking and keeping things running smoothly there so we're able to charge that back. We are able to use CFC dollars that we are collecting from the car rental companies and they're they're more than sufficient to be covering those expenses so some are direct bill, and the rest is CFC funded. Thank you. I had a question if I may. If I understand this correctly the, the in the expense or I guess the increase this amendment is due to both the fact that more fuel is being consumed and the price of fuel has gone up. Is that correct. Okay, great. Thank you. All right so do I hear a motion to approve the budget amendment. And a second. All in seconds all those in favor of approving the budget amendment please signify by saying aye. Aye. Aye. Any opposed. That's item 602 item 6.03 is the landscape gateway project. Larry can you fill us in on that. As I'm sure, I don't know if you remember but a few years ago, the airport took it upon himself to go to the city of South Burlington, DRB with a landscaping master plan. Because of our land use is often very difficult for either us or other people that build near the airport to do the landscaping necessary because of our type of land use can't put plantings on the airfield trees and that type of thing. So we developed this landscaping master plan that stretches from Wilson road up through the properties that are owned all the way to airport Parkway. In that process, we initially committed to starting that process when we started building this out at the starting at the end where will Wilson road and airport drive intersect. So, however, that's the landscaping master plan each time we want to do something we have to go in for an amendment and figure out what the cost would be. Because the permit requirements have a certain amount of money if what towards landscaping we can always like I just said can't spend it on that particular project. In this case, the terminal integration project had a requirement of approximately $150,000 of required landscaping due to the location and limited area, we only could get about 110 or so thousand right immediate. So, we figured that we would take that remaining $40,000 or whatever it was the difference and kick off the landscape master plan by getting a permit from the DRB to re to look at the entrance off airport of Wilson road and make it look nicer than it does right now with those stones and not so good looking wall and all that so we've done that. We went out to bid receive several bids and this contractor was the lowest responsive bidder to meet that requirement. And you'll notice there is a difference between what I just suggested and what the difference was and what the prices, but the prices have gone up. And I just a whole nother thing enters into this whether we, we have to work, which we made. We made a point to talk to self growing and planning and zoning about how we get credit for the additional money we spend or not. So we need to work that out but however, we have to do this project because of the tip project. And so looking for your authorization to move forward to do this. If you want to, I can share my screen to if you want to see a picture what it should look like when it's done. That'd be great. Thank you. You want to see. Yeah, go ahead. I'm just curious will this hopefully include the new fencing for the cemetery. I know that's not on the corner but the process. I have that application and it's been considered administrative amendment that's the next step up airport drive. So that I'm waiting on the planning and zoning permanent authority on that I submitted that back in February 1, I believe. So, I know they've been very busy down there so we were waiting to hear back from them but it's been in there a few months. Thank you. Did you want to see that Tim. Yes, please. I'm going to show you the picture that shows these letters on top of it that is not approved because they we wanted to be considered a sculpture, but that part didn't get approved. And we were going to go back with something a little, a little bit different. So let me pull that up if you give me a second here. And Oh, that's not it. Bear with me. I'm sorry. Can I share. I can hold on share screen. So if everybody can see, you can see this, this is pretty sharp steep slope there now with this really high wall. So we now we're we're we're looking for two walls with some plantings, those letters are not going to be there. We're going to come back with a different sort of entry sign but but that's kind of what it'll look like when it's done a lot, you know, a lot, a lot different than it does now more inviting. Yeah, I do just want to specify, like, like Larry said, those letters are not approved yet that's not part of what we're asking for approval today. Just the stonework the landscape work the tree, some of the trees and the shrubs in that vicinity. And maybe though we will come back with those BTV letters, as well as a sculpture of some sort of commemorating, commemorating aviation on that particular corner. We're not we're not there yet. So just this particular project is just that that stonework. I have one more question. In the master plan, at some point where will there be a sidewalk on that, I guess, east side. I mean now it just goes into the airport Parkway. I don't have, I mean, there's, there's like 17 pages how I gladly provide that to you we have provided walkways and seating. Yeah, so I don't know. I couldn't, Nick, are you going to do. Thank you. Okay. This is, I don't know if you can see my mouse right here this is the corner that that the three D visual that Larry just showed at the corner of Williston and airport drive Kennedy is across the street. So that sidewalk on the master plan is on that east side of the road, along with some additional trees, all the way, like Larry said, all the way, generally up including some of the area across the fields as well. As part of the rezoning process and I won't talk too much about it right now, because it's in a later agenda item. I'll get even further into some of this landscaping vision into the future. So this, this contract is that particular core, that corner. Thank you. And Helen we did it doesn't show it on here but I did we did add that that fencing along a cemetery to make it look nice. So that's in, we, that's in an application right now, like I said, thank you. Yeah. Any other further comments or questions on this. And then do I do I hear a motion to recommend approval of this contract. The mode. All those in favor signify by saying aye. Any opposed. Next up is 6.04 taxiway markings contract Dave this one's yours. Here we go. Okay, great. Good, this is the for a contract for the supply and installation of tax away payment markings. This is with highlight which was the lowest bidder. This is for the majority of the tax away by the tedious parts of the tax way that would take our in house. So a lot of time to do is we actually have hired that out. It also takes a lot of specialized pieces of equipment to do the work. So the amount is 8,000 86,618 and 40 cents with a 20% contingency of 17303 and 68 cents for a total of 103,822 and 8 cents. So again, that's majority of the tedious tax away markings that again, take a lot of time to do so we hire that out and are having a contractor do that work effort this year. And it's very specific, they have to eradicate the other payment markings to between 1680% and they, and then they repaint those, those, those markings, and they have to do it to a very specific FA standard, they have certain standards and the needs of they actually in bed in the paint. And so what we what we're going to do instead of the airport, the majority of that work, we're going to focus the work effort on the runway paint instead. That's the weight markings that are on the on the main runway and the shore runway. Yeah, go into the difference of this year versus last year, the price as well. As far as the price, well the last year, we have the contractor a contractor you majority of the runway markings and that. Because we don't have to eradicate this year we just repaint that we don't have to eradicate every single year. That allows us to for us to do the in house. Runway paint effort, so basically are swapping. So instead of us doing the tax way markings, you know the contractors doing that and, and the in house paint the airports and we do it in front of it. And that cost was this year is approximately half or reduced by half, just by by swapping that. So last year was was significantly more because the runway, the intricacies the timing the night work, everything associated like Dave was saying, reduced our costs this year by by half. That doesn't mean we still the need to do the runway work. Like Dave said, our crew is going to be handling that internally. Great any comments from commissioners. You must approve this contract. Thank you. All those in favor of recommending approval this contract please signify by saying aye. Aye. Aye. Any opposed. Okay, so that is 6.04 and our last action item is 6.05 passenger boarding bridges and baggage system Larry that one is yours. This is just basically prevented maintenance and ongoing me, not only prevented, but maintenance on our passenger boarding bridges and conveyors. Obviously that handle the baggage and that type of thing. So, that's all I have unless Nick or Shelby have more I Yeah, I mean that's that's the bottom line is it is that preventative maintenance. We typically have not hired a company like this in the past this is as far as I can recall one of the first years that we are hiring a company specific to preventative maintenance on the jet bridges and our baggage claim systems and all of our passengers that we operate. This also will provide some training for our internal crew so that we can pick up more of the internal preventative maintenance as time goes on. A lot of moving parts to these bridges and belts so this is a very critical component to making sure those are operational. Any questions or comments from commissioners on this item. If not, can I hear a motion moved. And then so all those in favor we're recommending approval of this contract please signify this. Lots of action items this month. Item number seven is our general construction update. So Larry the floor is yours again. Okay. So, I don't have much to add to what I presented if there are any questions however, I do want to make you aware of one thing that you should be aware of well first of all, I went up to the FAA tower today. And then overlooked the airport and I would recommend that to everybody here to see what improvements have gone on over the last, you know, four or five years at this airport with a full parallel taxi way, and all the other, the new apron we've done around the terminal, the QTA. It's just a, it's just in all the, obviously the views up there so you should really, if you have time, get up there. So that would suggest that. So the big, not big thing, but I just want to make you aware of, as you know, a year, year, last year, we, we received the grant for the pilot program for the house installation. So we're, we, for 10 homes, for 10 homes, and we received that grant on estimate, and we had to estimate it at that time that those homes for those improvements for sound insulation and in windows and other types of things that happened was going to be $50,000. Those bids came in at $110,000 per home, which is a significant improvements to these homes. There was some additional work but also increased costs that that was part of the design. So we did have 10 in there, one person backed out at the last minute for that, that pilot program. And, and we, we're working with the FAA now with our continuous allowable contingencies and we under spent by about 30% on engineering. So to make up the difference to make sure we can be whole with respect to, you know, doing those improvements for those nine homes. Also, we did, which is the next step of the design of the next 60 homes. We were, we bid out, we had time to bid out six more, six more homes for that grant applications that spend submitted, and those came in exactly $110,000 for home. So I just want that was the only thing I didn't put in here but is, you know, pricing has gone up, and also the improvements are costing more than anticipated. Nick, do you have anything to add to that on. Yeah, yeah, I'll just add that will we continue to work with Vermont gas systems on recovering some of the costs of the local share and making sure that there's a dual advantage here not only in sound or noise reduction inside of these houses. But also energy efficiency products inside those houses. They've been very happy, extremely great to work with, despite some of these pretty outstanding in costs of or increases in cost to each one of the properties. We're still, we're still on track, we're still moving forward. In fact, we're working with the FA to try to see if we can. We can at least move some some houses ahead and go to the next step like Larry said to get into the next round or the next big group which is 50 at a time. The next round while we're right now we're just doing the pilot program. The next round is really going to incorporate all of the communities and that's when we're going to be going into when you ski a little bit more, as well as south Burlington, more into the south Burlington area. That's, that's going to be the next round outside of this pilot program. But other than that. It really seems like the homeowners are extremely excited though the ones that we're working with today. And we're excited to kick off the first round of construction and later this year. And we need to put some effort into finding local contractors that might be interested in doing this work I think that would help too. So that's something we need to work on because that's obviously important to the area but that's the cost. So that that's really all I have unless anybody has any further questions from the report I provide or would like more detail on anything I provided in my update. I just had a question on the on the grant, the grant that we were just talking about so am I understanding it correctly that the grant is for a fixed dollar amount and so we have to figure out how to do as many homes as possible within the Well, we anticipated it was going to be 50,000 for home for 10 homes, we only bid nine. So that's like $990,000 engineering came in at about 60%. So that takes away a couple $250,000 we have the ability to go over the grant by 15%, which leaves a small delta that is working with the FAA to hopefully either seek in this grant we just applied for or figure out where that to come from. So we will do those homes. I'm working with the FAA or we're working with the FAA, because obviously we made them aware of this and they're working with us to resolve this. You essentially said it correctly there Tim where they're like Larry said there is a delta there is an increase over what we originally received in the grant amount. So with Larry's work with the FAA, we're going to be able to recover that in an additional grant amendment or a future grant to make sure that we fund that. And this is one of the challenges of applying for a grant with only estimates only. And that's generally why the FAA doesn't allow that to happen. Usually, we're really lucky that they allowed us to do that because I think that got us at least a year ahead of schedule. But in the future when we start designing and bidding these out, we're going to have bids on hand to get into the FAA. So we'll have the number that we need to apply for the next grant. Another benefit was, you know, the acoustical testing by doing what we did in this pilot allows us to move forward with less of that in the near future which drives down some costs too. Thank you for that explanation. Any other comments or questions on Larry's report. All right, thank you Larry. Thank you. Next up is Marie with item eight with the financial package. So this month, I've provided a profit and loss statement that goes shows our operations, revenues and expenses through the month of March 31. And the I have a cash and AI peak grant receivable that is shown through April. So I go through kind of the big highlights I mean I try to provide kind of the high the biggest things that you're interested in on this sheet. We have not drawn down yet. There go the lights. We've not drawn down yet on the grants to cover operating expenses for this fiscal year fiscal year started July 1. And we've had sufficient revenues coming in. I do anticipate that we will probably have to draw down for April. And we were still looking at that to see so we got just for Eric, I'll try to provide you with a little more information since you're new and welcome to the board. We did receive three stimulus grant packages from the from the FAA through all of the because of the COVID things that were going on these stimulus packages were new and different, but they were to help us we can use them for variety things but predominantly we can use them to cover airport operating expenses. So there are some things we can't use them for but we can use them for a lot of things. They really helped us manage our finances when COVID hit for the end of 2020 fiscal year 2020 our fiscal year starts July 1 and ends June 30. So we are this reporting is through nine months on that. So it's it's our recovery this year has been much faster than we anticipated which is a good problem to have so that has allowed us to. We've had sufficient revenues coming in and cash flow coming in to cover our operating expenses. Our year to date X revenues so far this year have been 13.6 million dollars is for the first nine months. And that that's about seven and a half million dollars higher than the year before. So it just pretty significant we're not back to where we were prior to the pandemic hitting, but we're certainly making good gains. And we just we have a tremendous number of passengers the airport is very lively and very busy if you have been here at all it's really exciting actually that feels, feels good. I have a chart there because I like to highlight our biggest revenue sources to give you an idea of where we are and how we compare back. So I'm still comparing to March 2020 I may have to add another column because in April 2020 things really just dried up you know our revenues literally we're trickling in on some of these so you know I'll have to think about that and see if we can provide next month for you all, but our parking revenues year to date for the first nine months were 3.7 million last year only 800 and 3000 so we've had 81% recovery compared to two years ago which is excellent, because we really didn't. We started to see some of that effect that month but it wasn't really we really saw it hard. The shutdown happened. It was one of the end of the month in March or 2020 for our state CFC revenues are our car rental revenues are 111% or where they were two years ago. The number of people renting cars is not quite back to the same level but there's there's supply and demand and we have a lot of people who are flying to Vermont and renting cars or other you know maybe local people sometimes renting cars. Can I ask you a quick question about the rental car revenue. Do we get a percentage of the total bill or do we get a like a daily flat fee sounds like percentage. There's two components of revenue sources that we get from our car rental concessionaire partners. One is we have a contract with them and we get 10% of their revenues. So there's there's a specific is called a minimum annual guarantee, but they, and that is set based on like how they performed last year. So we're we're well above that we exceeded the what we would call our mag and every single one of our car rental companies. And so they pay us 10% of all the revenue so everything that comes in I was talking about the fueling and anything that a customer is paying we get 10% of that. We have a company called the CFC so customer facility charge, and there is where it used to be $4 every day that somebody rented a car. And because of COVID we, we asked the car rental companies to increase that from $4 to $6 it's only for a year, unless we need it longer we would come back but right now it's only for a year so we're seeing those car, the CFC, the middle line going up so that's how we that's where we're getting those money sources Jeff is that makes sense. Yes, thank you. Okay. And so just kind of showing showing how well we're doing so we're really really I mean from a financial standpoint I'm really pleased. The expenses year to date we're $10.6 million. We were running higher than last year but last year we scale back projects or we scale back things. Just we were cautious. We were cautious we were still very much from much of the year seeing very our numbers and the playments were much lower so we were tried to be safe about what we had to do, but we were still trying to cut back a little bit this year and we were much more back on track to where we were two years ago, we're almost on car exactly to where we were for the prior two years ago. Our cash we had about $2 million in the bank on April 30, and we wrote about $3 million to point $1 million from the FAA. So that is my financial quick and short little financial report for the month but I'm happy to entertain any questions. Any questions for Murray. I appreciate you sharing all that with us. It's helpful to have it in advance and you know encouraging to see how quickly things are coming back. Thank you. Yeah, I've done a little math and noticed. I don't know if you've done this already but if I take the total revenue year to date versus the budget and I subtract off the grants we're actually within a hairs breadth of already meeting the full year revenue in just nine months so it does show the degree that it has come back from where we thought it would be nine months ago when the budget was put together so. Right, we took a conservative approach when we budgeted not knowing how quickly, how quickly that people would be comfortable flying and happy to be coming through both people traveling to Vermont and the Vermonters traveling. I just said Tim is really, really important right and and Marie. Not all of our passengers are back yet. Right, but our revenues are are at or above what we're experiencing in 2019 which is, which is pretty incredible some, some weeks of course our passengers are pretty equivalent to pre pandemic numbers but that's, that's incredible to see those passengers without with a full passenger recovery and absolutely any other comments or questions for Marie. All right, thank you Marie move on to item nine which is the noise monitoring section. And so the first up is Hannah with the noise monitoring data. So, Tim, if you don't mind I'd like to kind of go through my presentation which leads into Hannah's collection there. Fair enough. That sounds great. And thank you for putting this together I, I absolutely loved it this Eric this is the first time we have it. We'll see it for the first time as well but I just love this is so comprehensive. Wonderful. And, you know, Tim and I and Hannah and Shelby and the team have been working on how do we incorporate some of the data that we've now are now collecting both from the noise monitoring side. The radar data that is part of those noise monitor systems, as well as some of the noise comments that we received so thank you Tim to as as we kind of incorporate some of this. Stop me if you want me to share my slides but I think everybody has access to them so I won't do that just just yet until in unless somebody wants me to. That first slide so page two is just really a snapshot of the historical data for our implements. The way I'm trying to present this is from an operational perspective which leads of course into the noise elements of, of operations. We're talked a lot about implements and the recovery of implements I won't spend too much time, but I will point out and you're going to see this again on our budget presentation slide. There's a line graph on, and maybe I will share my screen so we're all looking at the same thing. But there's a line graph on one slide, this slide right here that really shows the recovery and for the first time before, essentially before the pandemic, the percent of our departing seats so our seating capacity, the percent of that compared to March of 2018 is for the first time above the national average at BTV. And that started in February 2220 February March of 2220. Excuse me February March. Our numbers are still going up and I'll show that again in just a in this slide here. We looked at Historic's we're looking at really good numbers coming forward. We're also looking at the next six month forecast. I've never seen such a dynamic airline schedule. Things are changing very frequently although it is slowing down a little bit, but over the last two years it's it's been all over the place and moving very very quickly sometimes sometimes week to week. We deal with three Boeing 737s on the ground during a month period of time that was essentially unexpected in for the first time having three of those planes here overnight every single just about every single night. What this slide has got a lot of color but focus on the blue and the green bars you'll see blues 2019 green is 2022. And when you compare those two tops. For each month of June through November into our future forecast, you'll see that starting in June and July is essentially even to 2019. And for the first time in August, September, and then again, even in October, we are above the number of seats scheduled out of Burlington, since 2019, which means the planes are coming back the planes are actually getting much larger as well and we've known that over the years, but we're really starting to see that. June is also the first time that all of our air carriers are bringing in mainline aircraft, including American Airlines which has not done that at a Burlington before. And of course we also have a new airline starting in June which is Sun Country Airlines which contributes to this departing seat capacity. I also want to point out that annually, over the past 12 years, we're essentially tied for the highest number of seat capacity, over the next months, June through September. You can see those light green numbers, 2018 and 2022 for that time period June through September, essentially tied at the highest in the 12 year period. On the left hand side that chart there is if I pull every single month for the last 12 years, four of those months are the next four months that we're seeing in at BTV again these are seating capacity, which relates to not only the confidence of the airlines, the operations happening with larger aircraft. And of course, as we all hope, a high load factor on those particular aircraft with more seats departing. When I relate that to the number of operations seats going up passengers going up, even even though of course that you have that giant dip in our passengers because of the pandemic. But if you look at it from from 1992 today, the number of operations is decreasing out of BTV. That's total operations that's air carrier, that's general aviation that's military passenger aircraft, all being decreased over that that that time period at 31 year time period. The number on the right shows the breakdown of the entire times of are of that particular type 10% military in the blue 63% in green which is the commercial and about 27% of general aviation traffic passengers going up. Number of operations going down which which is consistent with what we're seeing larger aircraft, more passengers. I did the same thing for military operations. Since 1990, all the way to today, strictly military operations all of this data is sourced by the federal aviation by the way, through their air traffic data system it's a public data system that anybody can go on and get this particular information. That trend line of military operations is of is of course decreasing. I didn't overlay the number of passengers on there as well, because it, when you have a PowerPoint presentation you can flip between the slides really quickly and see the, see the difference, in a PDF. The number of operations visually. Now we're getting more into the the operations and the, the noise data collection. This doesn't really tell tell much, but this is for a two less than two week time period. The green and the red lines, these are all just lines. Those are the arrivals and the departing aircraft red is a rival green is departing coming to and from Burlington airport. Obviously there's there's planes all over the place this does not pick up this is from our system this does not pick up every single military aircraft, but there are some military aircraft. If you remember from our early explanation of how this noise monitoring radar track information works. If there's a military aircraft that has a unique identification code, then it'll pick up that code. Most of our military aircraft, however, the only the first aircraft have that unique code. So this system does not pick up every single military operation. The noise monitors of course will pick up that data. From a heat perspective so kind of narrowing everything down on the most operations that the graph or the depiction before had every single line. Well where is the most frequent number of operations happening out of the TV to and from red of courses more operations in that particular area, and then the green and the lighter green and the very very light almost non existing green is less operations or very minimal operations. You can see that the line is essentially that red line is essentially even with our runway 1533 departure pass and the normal departure procedures that I think many of us are familiar with. You'll see some left or bottom turns over here which relates to our secondary runway approach pattern. And then you'll see, you won't see much to the northeast. So following our geographic position in the country, most aircraft take a left turn or come in from the south and land into the airport that's why everything's generally turning, turning southbound or arriving from the cell. And then now it goes into the data that the Hannah is presenting of, of those noise comments being received. And then the last picture here, I'll wait for the end Tim if that's all right which is, which is the map. So Hannah you can you can take over the screen if you want or you or I can keep sharing. Yep I can share hang on one second. Yes we can. So, I've shared the breakdown here for the noise comments by aircraft type. So, Eric, these are the noise comments that we receive from the vector program online by type they when someone submit a comment. So this is, they listed themselves. So what noise, the noise is coming from what specified aircraft, whether the be a helicopter military aircraft, unknown, etc. So this is a breakdown of comments received specifying which type of aircraft. Can you just quickly can you remind us what time period this chart is for. This is from what would have been our last, our last meeting so. I know because we didn't have the April meeting so it was from. It's basically two months of data. It's data it's since the beginning of vector going online. Okay. So it's June of 2021 to May 13 is all the comments received. So there was 288 288 total. Okay, so just about a year then just under a year. And that does include we did incorporate some of the data that was still being captured by phone calls and emails at the particular time. Now all of our noise comments go through that, that web portal that noise port portal. Okay. And then here we have the. And Tim, I don't know if you saw it looks like Jeff popped popped out. Oh, I didn't notice that. Okay. So what what what does that we ran into this before where we fell out of quorum but there was no further action item. Right. I don't remember what the guidance was unfortunately. Yeah, at this point I think I think we because it's all communication I think we we should and can continue. Okay, I would prefer if we can to continue. Yeah. So these comments are grouped by town so all the neighboring towns we just try to do a bit of a breakdown so you could get a better idea of who was submitting these comments. And finally, we have the number of unique addresses so each line specifies a comment submitted by a unique address. So you can see the number of individuals commenting for the entire time that this has been live. So the one that had 126 I was from one person 136. Yes, for one address. Yeah, one address submitted. Do you do you have the specific address or just that it's an address in the city. We do have the addresses. We, we have omitted them from the screen. Yeah, we can, we can start getting guidance. But we can all of this should be public information anyway so we can start incorporating maybe more specifics and a visual as well of where those particular approximate locations are which I think might be more useful, especially seeing kind of where that radar data is and why and why those complaints might be coming in. Yeah, now that we have a number of them over this time we can add something like a heat map to give a better understanding geographically aware of where they're coming from. And the last the last slide here was in relation to where the where the program that Larry was moving forward with where those particular houses in the pilot program and this map is specifically the acoustically tested properties, not all of these wanted to move forward with the sound insulation programs of some of them are not in that program or in that grant. But these were the initial, I believe 19 or 20 properties that we acoustically tested last year. In the next 50 or 54 because we did six, we will be identifying those soon and and as we move that forward. And we'll do the same thing we'll keep incorporating them on to this map which of course we'll get a little bit larger into multiple municipalities, but we'll keep incorporating those into those multiple phases or color coded of some other methods to make sure that you're you're aware and we can we can present this publicly as well. Thank you, thank you Nick any comments from commissioners on on the presentation, we just seen. We need to understand is that some people particularly I think in South Burlington address their noise concerns directly to the Air Force, and those numbers are not included in this. Correct. You know, that's what it is it's the people who make their calls to the airport versus versus if they if they think the noise I guess is commercial maybe they call the airport and if they know it's military they call them the Air Force, or the guard, so. Right. And we do share this information with the guard to many of the comments that we received specific to military or, or the Vermont Air National Guard aircraft. You know, generally are a respond that not not necessarily a comment that we would respond to the way that word word handed them. We hand those over to Vermont Air National Guard now. If there is an operational concern or if there is a unique situation then we would respond to those. Or if there's a change in a particular pattern and somebody really would like to understand why that shift has occurred. That's where we can really understand and respond to those comments. Whether it's military or not. And that's where the radar data and information associated that comes in extremely handy. And correct me if I'm wrong but we've made the request to the air guard to try to get information on their complaints that they're receiving and they have not been following up on our request to provide that information. Not been responsive. I, I don't recall making a request to to the guard. I can try to capture some of the quantity or I don't know exactly how they recorded either. I don't recall that we've made a request. That may have been a couple years ago I think maybe that we pursued that line of thought, and I'm not sure where it went my understanding was we couldn't get it but if you would like to take a swing at that I think that would be really, it'd be really great. And it kind of would address Helen's point you know to the extent that, you know, South Brawlington is responding in a different way than other municipalities that would, you know that would bear out in the data. Absolutely. I suspect when is he is as well, because they have a pretty active group about noise. Is that correct Eric. I would say generally speaking, yes, they are fairly active I'm not sure where they report to though, specifically. Helen you had mentioned that in South Burlington, they were at one place specifically requested to voice their complaints to the air guard. I don't know if that's true of other municipalities as well, but I know for South Burlington you'd express that. Yeah. And we do write that on our website and in some form on the, the noise complaint public portal. Yeah, if there is military complaint. I don't think we say military but if there is for my Air National Guard complaints or fighter aircraft complaints. There's a phone number to contact military complaints so that it's all over the place right we get transient military aircraft, visiting military aircraft, that even the Vermont Air National Guard are not privy to that necessarily that information, especially if it's a training plate. Any other comments or questions on this section of the agenda. Oh, sorry, go ahead Helen. No, I just said I think it's good information. I appreciate it. Next up is item 10 commissioner items. Eric normally we solicit these in advance of a meeting so if you have things you'd like to talk about you just submit them to Hannah as part of as part of the preparing for this meeting but at the same time we don't want to, you know, just because something wasn't submitted doesn't mean people can't say anything so if any commissioner does have something to say they're certainly welcome to to bring it up at this time. We're happy to have you Eric. Yeah, I just have one question in terms of I don't know if Nick knows, or maybe you Tim since you're the chair. Will there be any inclusion of a commissioner on the search committee for the new or for the permanent commissioner. So my understanding I've had I've only had one conversation on this topic, but my understanding is that there may be up to two commissioners that will participate in in the search process. That's, I don't have a timeline as to when that formally kicks off yet, but that's that's what I know at this point. Okay, thank you. And I guess I'll take this opportunity because I, you know, just, just that's that seems a little cryptic and so I'll provide the context so Nick isn't sort of left squirming a little bit in an uncomfortable seat, but so the man, the mayor Mayor Weinberger has decided that he would like to do a national search for a permanent airport director. And so he will be Mayor Weinberger will be convening a committee to, you know, be be part of that process that's what Helen was mentioning so there'll be to airport commissioners up to two for airport commissioners on the committee, plus other representatives in that search. You know, the mayor has surprised me of his conversation with Nick he strongly encourages Nick to apply for the role. I also strongly encourage Nick to apply for the role I think he's doing a great job. But that is, that is where the lay of the land is at so we're waiting further details as to the next step in that in that process. I just want to share one more thing and it's the high grades as well as other airport personnel in participated in the zoning issue that committee and I appreciate that I wasn't surprised that you would be very amenable and helpful and but it would, it went. I noted at the last council meeting. So I'm just passing that along. So thank you. Yeah, of course, thank you. Yeah. All right and with that we will move into the directors report so Nick the floor is yours. Perfect. I'm going to start right with the rezoning process actually so that that's a good segue anyways. As I have seen in the news, the task force or the airport rezoning task force as officially presented their recommendation to the South Burlington Planning Commission, essentially denying the rezoning request of the airport. Helen what Helen was referring to was the planning commission meeting. Last Monday, I believe, with both Carmine and Kim the co chairs of the task force. In fact, they just left my office about it. 45 minutes ago as we were convert having a great conversation on next steps, presenting to the planning commission. As I spoke at the planning commission and as I as I made very public. We heard the process loud and clear. I think that the entire process was was well done I think the consultant truly did an extensive amount of research on that particular area as well as some of the federal regulations that we as an airport need to uphold, especially on land purchased with federal funding. There truly is a way and a synergy to incorporate. Not only what we heard from the neighbors and from the task force work, I incorporate some of those those processes and and accessibility to the public in some of that that area is in some of that land. It's also a way for the airport to grow and use some of the land inside of the airfield fence for very similar purposes. And I was very clear at that meeting that one we want to take a step back and reevaluate that particular area, at the same time in incredibly important demand. So this airport is to move along the process with a new maintenance facility. That facility would still be located in that area the difference would be not on the area that we requested for rezoning, but inside of our airfield fence in that general area. That that's a critical component to our operations, our snow team in and literally everything that we do out on that airfield every safety element, the painting that that Dave was explaining earlier, as well as of course, our multi million pieces of equipment many multi million pieces of equipment to be stored inside. So I excuse me. So my intention is to start with with the help of Larry and Marine and Shelby and Dave and Hannah and the team to start the design process of that building properly citing that building, and then moving that forward. With the same token, as I mentioned, the airport can still grow and can still move forward. So can the neighbors and so can that particular pieces of the property. I'm working with many groups of the public as I heard from from the task force as well as the really incredible staff of South Burlington to expand our plans and look at the future of that landscape master plan. There are a couple of ideas on the table right now to incorporate those landscaping plans quicker than possibly we think that's really my next step is to work with the city of South Burlington and how we can accomplish that concurrently with the plans for the future growth of not only that area but the entirety of the airport. That's essentially it. I'm really thankful for the time that the committee sent spent on this topic. It was challenging at some points. And there are many elements that I think a collaborative and communicative effort with both the neighbors, our tenants, as well as city staff and city would be highly beneficial so that we can truly work together to come up with with alternative and other options for that particular area. I just wanted to reiterate the amazing progress of our terminal project. Larry spent some time on that and certainly showed some pictures of the new terminal building. In fact, as we're waiting to start the meeting I was walking through the terminal, new ceiling going in many new aspects going in, just to open that project up by October of this year. It looks outstanding and really, really, really amazing. With the same token we're still processing and preparing to release our bid for the North concourse renovation by early July. That renovation just to remind you is is when the North security checkpoint is removed or shut down to go into this new building, we need to re reallocate that space. We're opening it up removing walls removing escalators filling in floors, adding more seating capacity, and really just opening that area up that's that's actually another component of the art project throughout the entire terminal as you, as you, as we talked about it earlier. That that project is is a pretty expensive project right now we're estimating between one over $1.5 million for the entire project that is coming out of the infrastructure bill funding or that $4 million annual funding that we we learned about a few months back. So really, really exciting work up in the North, North terminal phasing is going to be really, really critical for that project as we open the tip in renovate the North concourse Hudson news and skinny pancake are also part of that process. They are located in the area that we want to renovate in the North concourse, but they're also very excited to invest back into Burlington as well. We're working with both skinny as they also are coming out of pandemic numbers and struggles with with the labor force as many many other entities are dealing with, but we're also looking to collaborate with them and how we can increase and work more efficiently with them to have the space that they need to, to accommodate all of our passengers Hudson news is no different. I'm asking them to relocate slightly in the North concourse. And they, they are very excited about that and again want to reinvest in the airport to, to make that happen. And then a quick update on the hotel project. I'm very eager to start seeing that that move forward. We're hoping later this year in the fall we'll be able to see at least some artwork or at least preparation for that hotel to go in. They are just finishing up some of their permitting processes. They do have some South Burlington act to 50 final pieces to wrap up, which they're almost there. And then, and then they could proceed with with that project. Still a fair field in by Maria, and we'll start getting you updated design and visual concepts of that particular building as we move forward. Last, it is a separate agenda item there, Tim, but the last piece that I have is is kind of the budget presentation if I can go right into that. Absolutely. Are there any questions for Nick on on anything he's he's spoken about before we move into the budget. All right, keep on rolling. We'll share this this time with Maria as well so her and I are going to jump back and forth. The date here is May 16, but this was the same presentation that we presented to members of board of finance and city council on May 16. So share in an email to all of you the detailed budget, the actual line item budget of our fiscal year 2023, which is, which is, I can't believe we're talking about 2023 but we're really excited about presenting this particular budget because, as you may have seen in the news, as you see all in pre both the operation, operational data and the employment data. I'm going to say it again our numbers are going up our revenues are going up, and we're in an incredibly strong stance right now. We have backup, we have not only the grant the federal stimulus funding that Marie was talking about earlier. We still do have our revenue anticipation note, which we have not touched at all since we received that particular note just to back us up with the uncertainty of not getting those particular grants pre pandemic. We are looking strong numbers are coming back and revenues are coming back, but we still have some challenges on our eyes and then we're going to be cautiously approaching our budget I think Marie did a fantastic job, really conservatively talking about the revenue sources and despite seeing our numbers coming up we want to make sure it whatever happens in the fall and the the lifeline as Marie put it, the lifeline of these stimulus grants. And as Marie stated earlier, we are going to be drawing down a little bit more from those grants this fiscal year, but we're going to reserve a significant amount of those grants for next year just in case. It is a faster recovery. We are making a conservative approach. We have used some of those stimulus grants. And again, I think it's really important to reiterate that we're going to reserve some of those grants for next year. It's a big part of a big challenge for us and I think all of us in all of our fields can can identify with is we are struggling with with hiring. Thankfully, our entire maintenance team and our entire operations team Dave's team and Shelby's team are entirely staffed on the maintenance side Shelby unfortunately is not entirely staffed yet on the ambassador side, although we're excited to welcome the ambassadors tomorrow I think. Yeah, tomorrow. The labor shortage and the labor market is extremely tight and we're going to continue to monitor that thankfully we're fully staffed, but that doesn't mean all of our partners aren't fully staffed as I mentioned before, skinny pancake Hudson news, the airlines. All of our tenants and sub tenants, we hear from quite often that that we struggle with that particular staff and hiring challenge situation. While that doesn't directly impact us it can and it does when, for example, not all of our stores or all of our restaurants can be open at once because of those hiring shortages. There are in some capacity direct lines to us on a revenue standpoint that we need to make sure that we help as much and as often as we possibly can. That's going to continue to be a challenge for next year. There's no doubt in my mind. And then a big, big piece. Larry always talks about what he's working on now. But another big piece that Larry works on what is what is he working on next. And we're constantly thinking about the next grant, not just for next year, he just applied for, I keep calling it five because he put in five applications, but he put in two early applications. And today he came to me and said, well, I'm going to put in a couple more. So we're going to be up to 10, I believe grant applications this year, when all is when the, when, before the end of the federal fiscal year to capture some additional grants. And that number of significant significant capital projects comes significant time management and of course, just just the time needed for Larry, and I call his team, but Larry to make sure that we're really looking at the future and it's not just this year. It's also preparing for next year, designing for next year. And that's going to be a significant concern. My vision, my hope is to continue to push and look for additional opportunities for grant funding, but there's always that bottom line of with it one more additional project, there's, there's more time needed for that that that is a concern of, of I think all of the bars on the team here. And we need to, we need to make sure that we're monitoring that throughout the, throughout the time, we do have consultants at our disposal and we'll continue to make sure that we receive that consultant help and of course make sure that that's fundable throughout those grants. A quick snapshot of our revenues for next year for next year's proposed budget. Again, it's driven by passengers but you can see blue 2019 orange 2022 budget and then the gray is the proposed budget that you're looking at right now. So you can see we're not budgeting exactly what we budgeted in the 2019 budget, we're almost there, it's approximately 90 ish percent for most of those lines. Marie presented really solid numbers for the rental car industry. So you can see that's the only bar graph there that's pretty consistent with pre pandemic pre pandemic pre pandemic numbers. You also see a pretty big highlight and Yeah, that big highlight here is the right hand bar graph there the stimulus grant revenue. We budgeted 4.09 million. Sorry. Almost four over 4 million. Marie correct me if I'm wrong for over 4 million. Last year and this year we're only budgeting 1.3 in the stimulus funding so so not as much needed in the stimulus funding or not as much drawdown in that stimulus funding for fiscal year 2023 budget. Alright Marie handed to you. Yeah, the way I was having a computer crash. Yeah, I was having an issue with the zoom on my computer anyway, so luckily I can just choose any number of offices to go into here. We're all in like adjacent offices right here so we're hearing each other. Can you make the screen just the a little bit larger. I can't read any of the numbers. Really. That's much better. Thank you. What I wanted in the revenues I thought, you know, it's I'm comparing to our amended fiscal year 22 budget this is the same presentation we've made downtown. And so there's some things that are helpful for them to see. I also thought it was very meaningful on the revenue side to compare it to 2019 actuals, because that gives us a better idea of where we are going. And sort of, you know, how we're how we're faring so as you can see our revenues are clearly going up in our proposed budget are amended fiscal year 22 budget and Tim you you you actually touched on this earlier when you notice that our actual revenues are really for the first nine months are really coming into what we budgeted for 22 so 22 amended is not how much we've actually already received it is simply what is approved in the amended budget for the revenue so it's hard to get all the information that I'd like to share on this. But you can see the biggest changes are parking garage revenues both compared to the amended budget of last year. That's 90% we're budgeting 90% of a fiscal year 2019 numbers, you know, are 89% there I guess. So we're just trying to car rental revenues we're actually budgeting slightly more and that's because we're based on this year, what we're seeing and experiencing that is that's a comfortable level to go to. And the cute the biggest change you're going to see on this thing is the qta revenues we've got a new line that in 2019 we didn't have. So, thank you Nick so that's, you know, that is sort of driving again it's a balance. It's a neutral thing because we are incorporating those qta revenues, those expenses that they're covering our. And that's better than the rent and the expense side of things. So this is the biggest thing and again the biggest item with the grants, how much less grant we anticipate needing to but that really is how do I balance my budget this year for the revenues and the expenses, and that that $1.3 million was what was needed to balance it for this year for the proposed budget, and that amended budget you see at $6.1 million on the grants, we have not needed to be drawing that down so far this year. The concession revenue will be coming in is coming in, which is part of that but we're not needing to draw down as much. So it's just it's showing to me, it's really showing and demonstrating how strongly the passengers that are returning are driving these revenue increases. And it's it's a good story we're we're happy to see this it's sooner than we thought we would be able to put these sort of numbers for it. So we're we are happy to see that I hope we can exceed it next year but we wanted to be a little bit conservative as well. On our expenses, this is just sort of a highlight of all the things that are happening, you know, kind of pointing out some things. I really like the chart that we have here, because it's giving you four years a snapshot of four years looking at the budgets. And as you can see, we really are budgeting pretty consistently like in our salaries and our benefits are obviously going up. And as you can see across there with our repairs and maintenance, we are getting back to it was higher this year that we budgeted because we had some some projects that we had maybe more roof and some terminal things that we anticipated that we were doing, and then our professional consultant is very similar maintenance and janitorial we had, we had some increases that we had planned on this year and we're back to sort of normal levels. You know, we're very pleased that we have not needed to look at any reductions in our positions here at the airport, we do have some that are maybe not filled. And Nick talked about that before some of that's a measure of trying to get people to take the jobs, but we have not had to have any reductions and positions and that's always important to talk about you know we continue to focus repairs and maintenance is always a big part of our budget. We will continue to do garage parking preventative maintenance we're getting back on track some of that we slowed down some of these things were it was okay but we put forth a lot of money. Over the last five years we've done six years even we've done a lot of preventative maintenance sorts of things so we're in good position to do that when the pandemic can't we could slow down some of those things. The I've already mentioned the quick turnaround the qta and why that's affecting and how that's impacting this budget. And we continue to also energy efficiency is something that's very important to us. And we continue to budget will figure out how to move some of those projects along so we're studying that this year will continue planning on that and making additional improvements that will have a good payback in terms of reduce costs down the road. I also have a bullet in here talking about some interfunded transfers on the expense side. You'll see that on the next slide when we bring that forth but that was a huge increase, and I wanted to explain that we had a lot of the grants that the FAA gave out over the last two years. Most of them were 100% federal monies. And, but that's, we don't anticipate that that will happen and this year's grants are the go back to the federal funding will give us 90% of the project. And there's an additional 10% that we call it our local share 6% is supposed to be by the state of Vermont, and 4% is from the airport. And the state of Vermont, unfortunately does not fund their full 6% share and that's very that that has been a challenge for us in past years that they're limiting setting a budget they used to cover the entire 6% or whatever that their portion was. So yeah, right there Nick thank you for pointing it out. So, you know that's something as we have, we have a lot of projects that are upcoming. We continue to be very very fortunate and getting these projects to, to improve the airport and improve the safety of our veterans on the runways, but it costs money and that local share is coming back at us. We plan this year, this upcoming year, and that's built into this budget so both I'll point that out in the next slide and then of course we have many, many things are unavoidable, you know and we continue with debt service we do not have a principal payment for July 1 that will return on July 1, 2023. So it really is just a factor of the interest costs that we have. You want to go to the next slide Nick. So, yes. So here is compared to our amended fiscal year 22 budget. And you can see that there are, you know the biggest changes again, the fuel I pointed out specifically, because it's it, it used to be zero, we didn't use to have to do that for the you know, prior years with zero and you can see I budgeted $150,000 this year for the upcoming year. At the very bottom you can see that inter fund transfers of $1.5 million where this year, we had to buy we only budgeted 250,000. So that that's, that's pretty, you know, significant out of our budget and that sort of drives all of that year. Other than that, you know, most of the things are some, you know, some things move up because we have more projects and one thing and then another thing but more or less it's, it's, I did reduce the interest anticipated interest on our revenue anticipation note, we have not ever had to borrow on that. And we have a note that is active until the middle of November, and we'll have to decide what or how we move that forward if we do continue to have have that sort of on standby to do that. But I budget something for the interest, in case that we do end up ever borrowing I want to have something in there. So there's the biggest changes the overall increase in the budget that increase a lot of that is driven by the inter fund transfer, which is our local shared that we anticipate having to pay. Next slide. Thank you. Yeah, so I won't repeat this as I think we this is this this is the same slide that we we talked about earlier but I'll just say it one more time because that's pretty exciting. This last graph over here is scheduled departing seats as a percentage of I mean, we are now above the national average which is, which is very very exciting. You can see the green green bars over here, making that steady climb through March on the map to the dark blue which is pre pandemic. You know, but the bottom line here is we're looking forward to the future. There are a lot of construction projects, a lot of internal terminal projects, and many, many, many, many repair and maintenance parking garage Shelby has many parking garage, car rental projects shifts all over the place happening that we're very proud of and very busy with. So, I'm looking forward to that that future and the next stuff, the next fiscal year to capture many of our projects. Just, just a quick note that Dave Carmen took many of these pictures. Great. Thank you. Thank you, Nick and Marie. Any questions on the budget presentation. Alright, I think you guys got more time with us than he did with the city council and board of finance. All right, so that's an 11 item 12 are the follow up items. So, just to briefly speak to those that 12 01 is the public right to know we've, we've decided to obviously push this one to the back burner until we are fully staffed, or not fully staffed but we're fully, the commission is fully filled with commissioners. So, that will be coming relatively soon. So, that's 12 01 12 02 is the taxi rules. I know that this was Jeff Munger's passion. I'm curious if any commissioner wants to is interested in hearing hearing more about this I know Shelby you've reached out to downtown to, you know, get some with Haley. To get some further information so I don't know if this is a topic that interests commissioners and I if it is, please let me know and we will, we will keep this as a follow up item and have presentation on it otherwise we will let it fall off the agenda. 12 03 is the analysis of incidents involving police at the airport. I know Nick you've been working on that just curious to have a quick, quick update for us on that. Yeah, we have, we have the data that we can share and we can we can absolutely we're just waiting kind of on the final pieces of the information. Not, not necessarily for this meeting, but we can definitely have this for the for the June meeting. Thank you. Thank you. And then in terms of new follow up items I heard I think we have one which is Nick you'll reach out to the Vermont National Nick Vermont air guard regarding noise data to see if we can get any information. But from other commissioners or staff or there any other things that we should add as follow up items for for next, for next meeting. I think we're good. So it's item 12 item 13 is adjournment I don't know if we technically have a motion to adjourn without having a quorum but I guess I will just ask if there is anything else that anyone wishes to talk about before we, before we conclude today. Tim, I'm hoping to actually propose a different meeting date for the June meeting. If that's possible, and it is good news because Shelby and I and our air service consultant are on the road for the first time in a couple of years. We'll be in Reno, Nevada and then in Minneapolis, St. Paul to speak with our airlines and new airlines. So that June 15, I will not be available Shelby will not be available. And then June 16, we are flying home on the inaugural flight of Sun Country Airlines. On Minneapolis it happened to work out perfectly to catch a flight, followed by a literally coming from Reno Minneapolis to Burlington into a press conference hopefully to announce our great great new service so but if there is a way that we can we can shift that around even, even if it's the following Wednesday that would be very yes if we can make it the following Wednesday at four, I think that would be, that would be great. Yeah, work that works for me at this point. The 22nd. Yes. Yeah, that's fine for me as well. Okay. Good enough. Excellent thank you very much. Thank you everyone anything else before we wrap up for the day. All right, we are. Thank you everyone. Bye bye. Right bye. Yeah.