Division reports stronger‑than‑expected revenues, record Denver fuel flows; reminders on accruals and grants

Bryce, the division’s business manager, briefed the board on May financials and near‑term forecasts: initial May revenue posted at $4.9 million (82% of forecast) but late postings raised the month to about $6.1 million, moving the division closer to a $50–56 million year forecast. Cash on hand finished May at roughly $24 million.

Bryce attributed the improved position to strong fuel prices and increased fuel flow at Denver; he noted Denver recorded 53.6 million gallons for the month cited, continuing a multi‑month record trend. "To date, we actually are sitting a lot closer to $50 million in total revenue," he said.

On administrative spending, staff reported year‑to‑date admin costs remain well under the 5% cap (forecast about 1.7% of revenue). The business manager also warned about customary June drawdowns and accrual timing that can affect monthly cash balances and encouraged airports to submit drawdowns or accrual entries for work through June 30 to avoid payment delays.

Separately, staff presented five supplemental grant amendments matching additional FAA funding (including a ~ $4.0 million amendment for San Luis Valley Regional Airport/Bergman Field) plus a small state fund amendment and a $7,089 intern grant with a 50% match. The board approved these administrative grant actions as presented.