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Extracted from Consolidated Report
This investigation was originally published as part of a larger consolidated report containing multiple investigations. View the consolidated PDF for the complete document.
⚠️ Translation Notice: This content has been automatically translated. The original English text is the official version. Translation may contain errors.
⚠️ Este contenido ha sido traducido automáticamente. El texto original en inglés es la versión oficial. La traducción puede contener errores.
Findings 9 findings
F1
Page 86
The Lincoln Regional Airport does not have a general aviation manager nor does any city management professional responsible for the airport have an aviation management background.
F2
Page 86
The Lincoln Regional Airport does not have ongoing efforts to evaluate the airport’s competitiveness in the marketplace and maximize revenue opportunities, such as fuel pricing and development of vacant airport land.
F3
Page 86
The Lincoln Regional Airport does not have a separate audited annual financial report for the airport operation as an Enterprise Fund requires.
F4
Page 86
An updated version of the Lincoln Regional Airport Master Plan of 2007 has not been published.
F5
Page 86
The Lincoln Regional Airport fuel prices are not regularly adjusted to market prices.
F6
Page 86
The Lincoln Regional Airport loan agreement of $4.95 million from the City of Lincoln General Fund formalizes repayment of past operating deficits with a sixty- year repayment schedule.
F7
Page 86
The City of Lincoln does not perform a regular evaluation of the airport’s fuel sales contract.
F8
Page 86
The Lincoln Regional Airport management staff have no relationships with airport related industry associations or professional development organizations that provide updates to industry best practices.
F9
Page 86
The Lincoln Regional Airport has no airport emergency plan, safety program, or first responder emergency training exercises. -2021 Final Report
Recommendations 9
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R1Page 87By October 1, 2021, the City of Lincoln will complete and adopt a feasibility study to evaluate hiring a general aviation manager with aviation management experience and/or American Association of Airport Executives certification.
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R2Page 87By October 1, 2021, the City of Lincoln will review current airport leases for opportunities to increase rents to the maximum amount allowable by the terms of the contracts until rentals reflect market value.
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R3Page 87By October 1, 2021, the City of Lincoln will produce a separate audited annual financial report for the airport operation as an Enterprise Fund requires.
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R4Page 87By October 1, 2021, the City of Lincoln will publish an updated Lincoln Regional Airport Master Plan to include a blueprint of the airport’s current, intermediate, and long-term infrastructure development, as well as a financial plan supporting a sustainable revenue stream commensurate with the capital expenditures necessary for planned airport evolution.
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R5Page 87By October 1, 2021, the City of Lincoln will implement weekly fuel price adjustments reflecting current market rates.
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R6Page 87By October 1, 2021, the City of Lincoln will evaluate and restructure the Lincoln Regional Airport’s 60-year loan amortization to align with the physical, functional, and economic obsolescence of airport infrastructure and equipment.
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R7Page 87By October 1, 2021, the City of Lincoln will solicit competitive bids for airport fuels, contracts, and services.
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R8Page 87By October 1, 2021, the City of Lincoln will identify common airport related industry associations and professional development programs to expand and enhance vendor relationships, recruitment, and develop industry best practices.
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R9Page 87By October 1, 2021, the City of Lincoln shall implement plans and policies for safety and emergency respo nse training drills at the Lincoln Regional Airport. -2021 Final Report