Agenda and Supporting Documents for September 28, 2015-1

8/20/2019 Agenda and Supporting Documents for September 28, 2015-1

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MEETINGOF

JACKSON MUNICIPAL AIRPORT AUTHORITYBOARD OF COMMISSIONERS

September 28, 2015

I. CALL TO ORDER/ROLL CALL/DECLARATION OF QUORUM

II. INVOCATION

III. APPROVAL AND EXECUTION OF MINUTES

A. Special Meeting of the Board of Commissioners, September 10, 2015

B. Notice of the Rescheduling of the Regular Monthly Work Session of the Board ofCommissioners (“The Board”) of the Jackson Municipal Airport Authority(“JMAA”) from Thursday, September 24, 2015 at 8:30 a.m. to Thursday,September 24, 2015 at 4:30 p.m.

IV. PUBLIC COMMENTS

V. REPORTS

A. Report from the Chair

B. Chief Executive Officer

1. Airport Project Manager Summary, Period EndingAugust 31, 2015 ................................................................................... Page 1

2. Airport Activity Statistics Report, Period EndingAugust 31, 2015 ................................................................................. Page 14

3. Employee and Organizational Recognitions ...................................... Page 28

C. Attorney

1. JMAA Policy on Surplus Property .................................................... Page 29

2.

Tax-Exempt Financing Compliance Procedure ................................. Page 32 VI. ACTION ITEMS

A. Financial Matters

1. Financial Reports for August 2015:

(a) Balance Sheet: Accept ........................................................ Page 45


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(b) Income Statement: Accept .................................................. Page 46

(c) Claims Docket for August 2015: Approve ......................... Page 49

2. Fiscal Year 2016 Operating Budget, JMAA: Approve ......................... Page 55

3. Early Issues ………………………………………………………… ...Page 57

B. Service Agreements

1. Airport Minority Advisory Council Regional Forum, JMAA: AuthorizeAmendment to Agree ment and Increase Project Budget…………. .….Page 58

2. Advertising Services at Jackson State University Football Events, JAN:Authorize Agreement (Capturion Network, LLC)………………… .... Page 62

3. Annual Chiller Preventive Maintenance and Inspection, JAN: Authorize

Agreement (Metro Building Services )…………………………... ........ Page 64

4. Tree Trimming and Removal, JAN: Authorize Agreement (Delta Tree Service, Inc. of Jackson (Authorize Agreement) ……………… .….…. Page 67

5. Hardware and Software Licenses and Support Agreement, JMAA:Authorize Renewals ………………………………………………… ...Page 69

6. Employee Drug and Alcohol Use Screening Services; JMAA: AuthorizeAgreement ………………………………………………………….. ...Page 73

C. Construction Project1. JMAA Project No. 11-13, Roadway Signage Improvements, JAN:

Authoriz e Amendment (Dale Partners P.A.)…………………… .…....Page 76

D. Procurements

1. JMAA Fiscal Year 2016 Property, Casualty and Liability InsuranceRenewal: Accept Proposal (Porter’s Insurance Agency, Inc. and HubInternational Midwest d/b/a/ Hub International Gulf South (“PIA” )…Page 80

E.

GrantsF. Other Matters

1. Board Travel - Update

(a) AAAE – 2015 F. Russell Hoyt – National Airports Conference

Savannah, GA – September 20 th – 22 nd.


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G. New Business

H. JMAA Board of Commissioners Elections

VII. ADJOURNMENT


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Active Projects ListAs of August 31, 2015 Proj. # FY Pg. # Active Projects 1 Active Projects Summary 2Stormwater Drainage at JEIA 005 9 3

Runway 16R/34L and Taxiways Alpha, Bravo and Charlie Assessment and Repair 005 11 4 East Concourse Terminal Improvements 013 11 52011 PDS and Access Control 014 11 6

2011 PDS Access Control C IDF Construction 014 11A 7Rental Car Consolidated Quick Turnaround Facility 015 11 8Pavement Assessment and Overlay of Runway 16/34 at Hawkins Field 008 12 9Pavement Assessment and Overlay of RWY 16/34 at HKS Taxiway 008 12A 10Lighting Assessment Services 010 12 11JAN Exterior Roadway Signage 001 15 12Fifth Floor Renovations 003 15 13

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As of August 31, 2015Project Summary Page 2 of 13

Funding Sources Total % of Total Payments to Date Remaining Balance Balance as % of TotalFAA $24,371,069 37.02% $7,066,873 $17,304,196 71.00%JMAA $2,418,724 3.67% $332,305 $2,086,419 86.26%MDOT $1,528,400 2.32% $333,039 $1,195,361 78.21%PFC $35,953,323 54.61% $5,904,151 $30,049,172 83.58%CFC $1,563,092 2.37% $283,316 $1,279,776 81.87%

$65,834,608 100.00% $13,919,684 $51,914,924

Budget Allocations Total % of Total Payments to Date Remaining Balance Balance as % of Allocation Administrative $2,000 0.00% $0 $2,000 100.00% Advertising $24,575 0.04% $5,043 $19,532 79.48% Architectural $2,224,082 3.38% $1,027,237 $1,196,845 53.81%Construction $55,646,651 84.52% $7,844,535 $47,802,116 85.90%Consulting $2,359,406 3.58% $2,239,030 $120,376 5.10%Contingency $593,066 0.90% $0 $593,066 100.00%Reimbursable $3,575 0.01% $0 $3,575 100.00%Engineering Services $4,452,332 6.76% $2,251,912 $2,200,420 49.42%Legal $184,398 0.28% $164,445 $19,953 10.82%Salaries $344,523 0.52% $387,482 -$42,959 -12.47%

$65,834,608 100.00% $13,919,684 $51,914,924

Active Projects Summary

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Stormwater Drainage at JEIAProject Number: 005-09

Total Budget Current Payments Project Balance Percent Complete$5,265,161 $2,989,701 $2,275,460 57%

Funding Sources Amounts Percent Remaining Balance % Balance by SourceFAA $1,665,875 32% (262,544) -16%PFC $3,000,000 57% $1,995,009 67%MDOT $79,207 2% $22,916 29%JMAA $520,079 10% $520,079 100%

$5,265,161 100% $2,275,460

Budget Allocations Original Budget Change Orders/ Reallocations Current Budget Payments to Date Balance Administrative $0 $0 $0 $0 $0 Advertising $1,000 $575 $1,575 $1,557 $18 Architectural Services $0 $0 $0 $0 $0Construction $3,000,000 $556,070 $3,556,070 $2,021,021 $1,535,049Consulting $0 $0 $0 $0 $0Contingency $285,000 $263,066 $548,066 $0 $548,066Engineering Reimbursable $0 $0 $0 $0 $0Engineering Services $300,000 $592,568 $892,568 $750,697 $141,871Legal $5,000 $85,648 $90,648 $36,609 $54,039Other $0 $0 $0 $0 $0Equipment $0 $0 $0 $0 $0Salaries $1,000 $175,234 $176,234 $179,817 -$3,583Services $0 $0 $0 $0 $0

$3,592,000 $1,673,161 $5,265,161 $2,989,701 $2,275,460

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Runway 16R/34L and Taxiways Alpha, Bravo and Charlie Assessment and Repair Project Number: 005-11


Funding Sources Amounts Percent Remaining Balance % Balance by SourceFAA $11,991,786 95% $11,141,298 93%MDOT $315,573 2% $302,792 96%PFC $40,578 0% $15,078 37%JMAA $334,791 3% $192,368 57%

$12,682,728 100% $11,651,536

Budget Allocations Original Budget Change Orders/ Reallocations Current Budget Payments to Date Balance Administrative $0 $0 $0 $0 $0 Advertising $3,000 -$2,500 $500 $476 $24 Architectural Services $0 $0 $0 $0 $0Construction $11,000,000 $0 $11,000,000 $0 $11,000,000Consulting $0 $0 $0 $0 $0Contingency $0 $0 $0 $0 $0Engineering Reimbursable $7,000 -$3,425 $3,575 $0 $3,575Engineering Services $1,105,000 $523,114 $1,628,114 $917,134 $710,980Legal $10,000 $10,250 $20,250 $16,550 $3,700Other $0 $0 $0 $0 $0Equipment/Equipment Cost $0 $0 $0 $0 $0Salaries $35,000 -$4,711 $30,289 $97,033 -$66,744Services $0 $0 $0 $0 $0

$12,160,000 $522,728 $12,682,728 $1,031,193 $11,651,535

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East Concourse Terminal ImprovementsProject Number: 013-11


Funding Sources Amounts Percent Remaining Balance % Balance by SourcePFC $21,255,583 100% $19,745,499 93%JMAA $0 0% $0 0%

$21,255,583 100% $19,745,499

Budget Allocations Original Budget Change Orders/ Reallocations Current Budget Payments to Date Balance Administrative $0 $0 $0 $0 $0 Advertising $1,000 $0 $1,000 $913 $87 Architectural Services $35,000 $2,049,389 $2,084,389 $974,812 $1,109,577Construction $300,000 $18,803,794 $19,103,794 $468,000 $18,635,794Consulting $0 $0 $0 $0 $0Contingency $0 $0 $0 $0 $0Engineering Reimbursable $5,000 -$5,000 $0 $0 $0Engineering Services $0 $51,400 $51,400 $46,400 $5,000Legal $1,000 $4,000 $5,000 $14,835 -$9,835Other $0 $0 $0 $0 $0Equipment/Equipment Cost $0 $0 $0 $0 $0Salaries $2,000 $8,000 $10,000 $5,124 $4,876Services $0 $0 $0 $0 $0

$344,000 $20,911,583 $21,255,583 $1,510,084 $19,745,499

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2011 PDS and Access ControlProject Number: 014-11


Funding Sources Amounts Percent Remaining Balance % Balance by SourceFAA $7,690,463 40% $3,692,087 48%MDOT $200,000 1% $0 0%PFC $11,179,792 59% $8,249,312 74%

$19,070,255 100% $11,941,399

Budget Allocations Original Budget Change Orders/ Reallocations Current Budget Payments to Date Balance Administrative $0 $0 $0 $0 $0 Advertising $0 $10,000 $10,000 $611 $9,389 Architectural Services $0 $0 $0 $0 $0Construction $0 $16,911,211 $16,911,211 $4,962,934 $11,948,277Consulting $1,209,384 $889,060 $2,098,444 $2,102,762 -$4,318Contingency $0 $0 $0 $0 $0Engineering Reimbursable $120,000 -$120,000 $0 $0 $0Engineering Services $0 $10,600 $10,600 $0 $10,600Legal $2,000 $8,000 $10,000 $54,206 -$44,206Other $0 $0 $0 $0 $0Equipment/Equipment Cost $0 $0 $0 $0 $0Salaries $20,000 $10,000 $30,000 $8,343 $21,657Services $0 $0 $0 $0 $0

$1,351,384 $17,718,871 $19,070,255 $7,128,856 $11,941,399

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2011 PDS Access Control C IDF ConstructionProject Number: 014-11A

Total Budget Current Payments Project Balance Percent Complete$477,370 $433,096 $44,274 91%

Funding Sources Amounts Percent Remaining Balance % Balance by SourcePFC $477,370 100% $44,274 9%

$477,370 100% $44,274

Budget Allocations Original Budget Change Orders/ Reallocations Current Budget Payments to Date Balance Administrative $0 $0 $0 $0 $0 Advertising $2,500 $0 $2,500 $581 $1,919 Architectural Services $0 $0 $0 $0 $0Construction $400,000 $0 $400,000 $392,580 $7,420Consulting $41,870 $0 $41,870 $21,412 $20,458Contingency $0 $0 $0 $0 $0Engineering Reimbursable $0 $0 $0 $0 $0Engineering Services $18,000 $0 $18,000 $16,524 $1,476Legal $5,000 $0 $5,000 $1,920 $3,080Other $0 $0 $0 $0 $0Equipment/Equipment Cost $0 $0 $0 $0 $0Salaries $10,000 $0 $10,000 $79 $9,921Services $0 $0 $0 $0 $0

$477,370 $0 $477,370 $433,096 $44,274

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Rental Car Cosolidated Quick Turnaround FacilityProject Number: 015-11

Total Budget Current Payments Project Balance Percent Complete$1,332,092 $283,316 $1,048,776 21%

Funding Sources Amounts Percent Remaining Balance % Balance by SourceCFC $1,332,092 100% $1,048,776 79%

$1,332,092 100% $1,048,776

Budget Allocations Original Budget Change Orders/ Reallocations Current Budget Payments to Date Balance Administrative $0 $0 $0 $0 $0 Advertising $0 $1,000 $1,000 $264 $736 Architectural Services $0 $0 $0 $0 $0Construction $0 $0 $0 $0 $0Consulting $75,810 $143,282 $219,092 $114,856 $104,236Contingency $0 $0 $0 $0 $0Engineering Reimbursable $12,900 -$12,900 $0 $0 $0Engineering Services $0 $1,084,000 $1,084,000 $132,418 $951,582Legal $1,000 $13,000 $14,000 $17,328 -$3,328Other $0 $0 $0 $0 $0Equipment/Equipment Cost $0 $0 $0 $0 $0Salaries $1,200 $12,800 $14,000 $18,450 -$4,450Services $0 $0 $0 $0 $0

$90,910 $1,241,182 $1,332,092 $283,316 $1,048,776

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Pavement Assessment and Overlay of Runway 16/34 at Hawkins FieldProject Number: 008-12

Total Budget Current Payments Project Balance Percent Complete$4,128,920 $379,663 $3,749,257 9%

Funding Sources Amounts Percent Remaining Balance % Balance by SourceFAA $3,022,945 73% $2,733,355 90%MDOT $326,431 8% $310,343 95%JMAA $779,544 19% $705,559 91%

$4,128,920 100% $3,749,257

Budget Allocations Original Budget Change Orders/ Reallocations Current Budget Payments to Date Balance Administrative $0 $0 $0 $0 $0 Advertising $500 $2,500 $3,000 $207 $2,793 Architectural Services $0 $0 $0 $0 $0Construction $0 $3,430,000 $3,430,000 $0 $3,430,000Consulting $3,000 -$3,000 $0 $0 $0Contingency $0 $0 $0 $0 $0Engineering Reimbursable $21,000 -$21,000 $0 $0 $0Engineering Services $279,000 $356,920 $635,920 $308,669 $327,251Legal $5,000 $20,000 $25,000 $13,712 $11,288Other $0 $0 $0 $0 $0Equipment/Equipment Cost $0 $0 $0 $0 $0Salaries $24,500 $10,500 $35,000 $57,075 -$22,075Services $0 $0 $0 $0 $0

$333,000 $3,795,920 $4,128,920 $379,663 $3,749,257

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Pavement Assessment and Overlay of RWY 16/34 HKS TaxiwayProject Number: 008-12A


Funding Sources Amounts Percent Remaining Balance % Balance by SourceJMAA $4,887 1% $4,403 90%MDOT $484,130 99% $436,251 90%

$489,017 100% $440,655

Budget Allocations Original Budget Change Orders/ Reallocations Current Budget Payments to Date Balance Administrative $0 $0 $0 $0 $0 Advertising $2,000 $0 $2,000 $0 $2,000 Architectural Services $0 $0 $0 $0 $0Construction $400,017 $0 $400,017 $0 $400,017Consulting $0 $0 $0 $0 $0Contingency $0 $0 $0 $0 $0Engineering Reimbursable $0 $0 $0 $0 $0Engineering Services $72,000 $0 $72,000 $36,890 $35,110Legal $5,000 $0 $5,000 $2,898 $2,102Other $0 $0 $0 $0 $0Equipment/Equipment Cost $0 $0 $0 $0 $0Salaries $10,000 $0 $10,000 $8,574 $1,426Services $0 $0 $0 $0 $0

$489,017 $0 $489,017 $48,362 $440,655

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Lighting AssessmentProject Number: 010-12


Funding Sources Amounts Percent Remaining Balance % Balance by SourceCFC $231,000 43% $231,000 100%MDOT $123,059 23% $123,059 100%JMAA $179,230 34% $123,177 69%

$533,289 100% $477,236

Budget Allocations Original Budget Change Orders/ Reallocations Current Budget Payments to Date Balance Administrative $0 $0 $0 $0 $0 Advertising $0 $0 $0 $0 $0 Architectural Services $0 $0 $0 $0 $0Construction $0 $470,559 $470,559 $0 $470,559Consulting $0 $0 $0 $0 $0Contingency $0 $0 $0 $0 $0Engineering Reimbursable $0 $0 $0 $0 $0Engineering Services $27,600 $32,130 $59,730 $43,180 $16,550Legal $1,000 $1,000 $2,000 $3,636 -$1,636Other $0 $0 $0 $0 $0Equipment/Equipment Cost $0 $0 $0 $0 $0Salaries $1,000 $0 $1,000 $9,237 -$8,237Services $0 $0 $0 $0 $0

$29,600 $503,689 $533,289 $56,053 $477,236

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JAN Exterior Roadway SignageProject Number: 01-15


Funding Sources Amounts Percent Remaining Balance % Balance by SourceJMAA $495,193 100% $439,768 89%

$495,193 100% $439,768

Budget Allocations Original Budget Change Orders/ Reallocations Current Budget Payments to Date Balance Administrative $2,000 $0 $2,000 $0 $2,000 Advertising $0 $0 $0 $0 $0 Architectural Services $67,693 $0 $67,693 $52,125 $15,568Construction $375,000 $0 $375,000 $0 $375,000Consulting $0 $0 $0 $0 $0Contingency $45,000 $0 $45,000 $0 $45,000Engineering Reimbursable $0 $0 $0 $0 $0Engineering Services $0 $0 $0 $0 $0Legal $2,500 $0 $2,500 $2,720 -$220Equipment/Equipment Cost $0 $0 $0 $0 $0Salaries $3,000 $0 $3,000 $580 $2,420Services $0 $0 $0 $0 $0

$495,193 $0 $495,193 $55,425 $439,768

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Fifth Floor RenovationsProject Number: 03-15


Funding Sources Amounts Percent Remaining Balance % Balance by SourceJMAA $105,000 100% $101,065 96%

$105,000 100% $101,065

Budget Allocations Original Budget Change Orders/ Reallocations Current Budget Payments to Date Balance Administrative $0 $0 $0 $0 $0 Advertising $3,000 $0 $3,000 $434 $2,566 Architectural Services $100,000 -$28,000 $72,000 $300 $71,700Construction $0 $0 $0 $0 $0Consulting $0 $0 $0 $0 $0Contingency $0 $0 $0 $0 $0Engineering Reimbursable $0 $0 $0 $0 $0Engineering Services $0 $0 $0 $0 $0Legal $5,000 $0 $5,000 $31 $4,969Other $0 $0 $0 $0 $0Equipment/Equipment Cost $0 $0 $0 $0 $0Salaries $25,000 $0 $25,000 $3,170 $21,830Services $0 $0 $0 $0 $0

$133,000 -$28,000 $105,000 $3,935 $101,065

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JMAA Board MeetingSeptember 28, 2015

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September 28, 2015Employee Recognitions

Professional Recognitions

Celestine DavisCommunication Officer ANTN Level IIIAirport Communication Department American Association of Airport Executives

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Jackson Municipal Airport AuthorityPolicies and Procedures

FinancePage 1 of 3

JACKSON MUNICIPAL AIRPORT AUTHORITY

POLICIES AND PROCEDURES

CHAPTER: FINANCE

POLICY TITLE: DECLARATION AND SALE OF SURPLUSPROPERTY

ADOPTED: TBD

REPLACES/REVISES N/A DATED: N/A

REFERENCES: Section 61-3-19, Mississippi Code of 1972, as amended.

PURPOSE: The Policies and Procedures of the Jackson MunicipalAirport Authority (the “Authority” and “JMAA”) fordeclaring and selling surplus property, in accordance

with Section 61-3-19, Mississippi Code of 1972, asamended.

POLICY

From time-to- time, the Jackson Municipal Airport Authority (the “Authority”) maydetermine that personal property belonging to the Authority is of no further use to theAuthority, and will better serve the Authority by being sold. The proceeds from the sale ofthe surplus personal property shall be deposited in account of the Authority, for use by theAuthority. “Personal Property” includes but is not limited to, equipment, vehicles, fixtures,furniture, firearms, and commodities. The Authority shall manage the sale of the surplus

property in accordance with these Policies and Procedures.

PROCEDURES

1. Declaration as Surplus.

1.1 JMAA’s Board of Commissioners, upon recommendation from JMAAStaff, shall declare as surplus property any Personal Property of no furtheruse to the Authority.

1.2 The Authority ’s Staff shall request from JMAA’s Board of Commissioners

(“Board”) authority to dispose of the surplus property and the appropriatemethod for disposal, and provide to the Board the following in reference toeach piece of potential surplus property item: (i) declaration that thePersonal Property is surplus; (ii) the reason the Personal Property is nolonger of use to the Authority; (iii) description of the Personal Property;(iv) original purchase price of the Personal Property, if available; (v)amount of depreciation taken to date as to the Personal Property, if


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FinancePage 2 of 3

applicable; and (vi) current value or estimated value of the PersonalProperty.

1.3 The Board shall find and determine by resolution, duly and lawfully adoptedand spread upon it minutes, that:

1.3.1 The Personal Property is no longer needed for the Authority ’s purposes and is not to be used in the Authority's operation;

1.3.2 There is no state agency, board, commission or anygoverning authority within the state that has expressed aneed or use for the Personal Property and the federalgovernment has not expressed a need or use for the PersonalProperty; and

1.3.3 The use of the Personal Property for the purpose for which

it is to be sold, leased or otherwise disposed of will promote and foster the development and improvement ofthe Authority or of the community in which it is locatedand the civic, social, educational, cultural, moral, economicor industrial welfare thereof.

2. Methods of Disposal.

2.1 Sale of Property.

2.1.1 The Board in its resolution, in accordance with Section 1.3 of thesePolicies and Procedures, shall designate the method of selling thesurplus property in accordance with one (1) of the methods set inSection 61-3-19 (2) (a, b, c or d), Mississippi Code of 1972, asamended.

2.1.2 After the Board enters a resolution in accordance with Sections 1.3and 2.1.1 of these Policies and Procedures, pursuant to the methodof selling the surplus property selected by the Board, JMAA’s Staffshall proceed to sell the surplus property, by acting in accordancewith the appropriate provisions of Section 61-3-19 (2) (a, b, c or d),Mississippi Code of 1972, as amended.

2.1.3 A record of the sale price shall be maintained for each item ofsurplus property sold and all funds received from the sale of surplus

property shall be deposited into the operating account of theAuthority.


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2.1.4 The Authority shall maintain, for a period of not less than three (3)years following the date of the sale, a written record of the sale ofsurplus property, including a copy of any notices published, and adescription of the surplus property sold and the sale price.

2.1.5 In no event may any Commissioner, or employee of the Authority,or the spouse, parent, or child of a Commissioner or an employee ofthe Authority, purchase any surplus property sold by the Authority.


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TAX-EXEMPT FINANCING COMPLIANCE PROCEDURE

Dated as of September 1, 2015


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TABLE OF CONTENTS

Page

ARTICLE I.

DEFINITIONS

Section 1.1 Definitions ...........................................................................................................1

ARTICLE II.

PURPOSE AND SCOPE

Section 2.1 Purpose of Compliance Procedure. ......................................................................4 Section 2.2 Scope of Compliance Procedure; Conflicts .........................................................4 Section 2.3 Amendments and Publication of Compliance Procedure ....................................4

ARTICLE III.

BOND COMPLIANCE OFFICER; TRAINING

Section 3.1 Bond Compliance Officer Duties ........................................................................5 Section 3.2 Training ................................................................................................................5

ARTICLE IV.

TAX-EXEMPT BONDS CURRENTLY OUTSTANDING

Section 4.1 Tax-Exempt Bonds Covered by Article IV Procedures.......................................5 Section 4.2 Tax-Exempt Bond File .........................................................................................5 Section 4.3 Annual Compliance Checklists ............................................................................5 Section 4.4 Correcting Prior Deficiencies in Compliance ......................................................5

ARTICLE V.

COMPLIANCE PROCEDURE FOR NEW TAX-EXEMPT BOND ISSUES

Section 5.1 Application ...........................................................................................................6 Section 5.2 Prior to Issuance of Tax-Exempt Bonds. .............................................................6 Section 5.3 Accounting and Recordkeeping. ..........................................................................7 Section 5.4 Final Allocation of Bond Proceeds. .....................................................................7


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ARTICLE VI.

ONGOING MONITORING PROCEDURES

Section 6.1 Annual Compliance Checklist .............................................................................8 Section 6.2 Arbitrage and Rebate Compliance .......................................................................8

ARTICLE VII.

CONTINUING DISCLOSURE

Section 7.1 Annual Disclosure Filings ...................................................................................9 Section 7.2 Material Event Disclosure Filings .......................................................................9


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ARTICLE I.

DEFINITIONS

Section 1.1 Definitions . Capitalized words and terms used in this ComplianceProcedure have the following meanings:

"Annual Compliance Checklist" means a questionnaire and/or checklist described inSection 6.1 hereof that is completed each year for the Tax-Exempt Bonds.

"Annual Report" means the Issuer's (a) audited financial statements, if available, and, ifunavailable, unaudited financial statements and audited financial statements if and when they

become available; and (b) a brief narrative discussion of the results of operations and financialcondition of the Issuer for such Fiscal Year.

"Bond Compliance Officer" means the Issuer's Chief Financial Officer (or such other person designated by the Governing Body).

"Bond Counsel" means a law firm selected by the Issuer to provide a legal opinionregarding the tax status of interest on the Tax-Exempt Bonds as of the issue date or the law firmselected to advise the Issuer on matters referenced in this Compliance Procedure.

"Bond Restricted Funds" means the funds, accounts, and investments that are subject toarbitrage rebate and/or yield restriction rules that have been identified in the Tax ComplianceAgreement for the Tax-Exempt Bonds.

"Bond Transcript" means the "transcript of proceedings" or other similarly titled set oftransaction documents assembled by Bond Counsel following the issuance of the Tax-ExemptBonds.

"Code" means the Internal Revenue Code of 1986, as amended.

"Compliance Procedure" means this Tax-Exempt Financing Compliance Procedure.

"Continuing Disclosure Undertaking" means the Continuing Disclosure Agreement(s),Continuing Disclosure Undertaking(s), Continuing Disclosure Instructions or other writtencertification(s) and agreements of the Issuer setting out covenants for satisfying the Issuer'srequirements for providing information to the MSRB pursuant to SEC Rule 15c2-12 on an ongoing

basis for one or more Tax-Exempt Bond issues, if applicable to such Tax-Exempt Bond issues.

"Cost" or "Costs" means all costs and expenses paid for the acquisition, design,construction, equipping or improvement of a Project Facility or costs of issuing Tax-ExemptBonds for a Project Facility.


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"Final Written Allocation" means the Final Written Allocation of Tax-Exempt Bond proceeds prepared pursuant to Section 5.4 of this Compliance Procedure.

"Financed Assets" means that part of a Project Facility treated as financed with Tax-Exempt Bond proceeds as reflected in a Final Written Allocation or, if no Final Written Allocationwas prepared, the accounting records of the Issuer and the Tax Compliance Agreement for theTax-Exempt Bonds.

"Governing Body" means the Board of Commissioners of the Issuer.

"Intent Resolution" means a resolution of the Issuer stating (1) the intent of the Issuer tofinance all or a portion of the Project Facility, (2) the expected not to exceed amount of thefinancing, (3) the maximum term of the Tax-Exempt Bonds, and (4) the intent of the Issuer toreimburse Costs of the Project Facility paid by the Issuer from proceeds of the Tax-Exempt Bonds.

"IRS" means the Internal Revenue Service.

"Issuer" means the Jackson Municipal Airport Authority.

"MSRB" means the Municipal Securities Rulemaking Board, or any successor repositorydesignated as such by the Securities and Exchange Commission in accordance with Rule 15c2-12(b)(5) adopted by the Securities and Exchange Commission under the Securities Exchange Actof 1934, as the same may be amended from time to time.

"Placed In Service" means that date (as determined by the Bond Compliance Officer) whenthe Project Facility is substantially complete and in operation at substantially its design level.

"Project Facility" means all tangible or intangible property financed in whole or in partwith Tax-Exempt Bonds that are (1) functionally related or integrated in use, (2) located on thesame physical site or proximate sites, and (3) expected to be Placed In Service within a one-year

period of each other.

"Rebate Analyst" means the rebate analyst for the Tax-Exempt Bonds selected pursuant tothe Tax Compliance Agreement.

"Regulations" means all regulations issued by the U.S. Treasury Department to implementthe provisions of Code §§ 103 and 141 through 150 and applicable to tax-exempt obligations.

"Tax Compliance Agreement" means the Federal Tax Certificate, Tax ComplianceAgreement, Arbitrage Agreement, or other written certification or agreement of the Issuer setting

out representations and covenants for satisfying the post-issuance tax compliance requirements forthe Tax-Exempt Bonds.

"Tax-Exempt Bonds" means any bond, note, installment sale agreement, lease or certificateintended to be a debt obligation of the Issuer or another political subdivision or governmentinstrumentality, the proceeds of which are to be loaned or otherwise made available to the Issuer,and the interest on which is excludable from gross income for federal income tax purposes (thisalso includes outstanding "tax-advantaged" debt such as Build America Bonds, Qualified School


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Construction Bonds or Qualified Zone Academy Bonds and subsidiary obligations that werefinanced by tax-exempt debt (e.g. State revolving fund loans)).

"Tax-Exempt Bond File" means documents and records which may consist of paper andelectronic medium, maintained for the Tax-Exempt Bonds. Each Tax-Exempt Bond File willinclude the Bond Transcript, and if not in the Bond Transcript, then the following, if applicable:

(a) Intent Resolution.

(b) Bond Transcript.

(c) Final Written Allocation and/or all available accounting records related to theProject Facility showing expenditures allocated to the proceeds of the Tax-Exempt Bonds andexpenditures (if any) allocated to other sources of funds.

(d) All rebate and yield reduction payment calculations performed by the RebateAnalyst and all investment records provided to the Rebate Analyst for purposes of preparing the

calculations.

(e) Forms 8038-G together with proof of filing and payment of rebate.

(f) Investment agreement bid documents (unless included in the Bond Transcript)including:

(1) bid solicitation, bid responses, certificate of broker;

(2) written summary of reasons for deviations from the terms of the solicitationthat are incorporated into the investment agreement; and

(3) copies of the investment agreement and any amendments.

(g) Any item required to be maintained by the terms of the Tax Compliance Agreementinvolving the use of the Project Facility or expenditures related to tax compliance for the Tax-Exempt Bonds.

(h) Any opinion of Bond Counsel regarding the Tax-Exempt Bonds not included in theBond Transcript.

(i) Amendments, modifications or substitute agreements to any agreement containedin the Bond Transcript.

(j) Any correspondence with the IRS relating to the Tax-Exempt Bonds including allcorrespondence relating to an audit by the IRS of the Tax-Exempt Bonds or any proceedings underthe Tax-Exempt Bonds Voluntary Closing Agreement Program (VCAP).

(k) Any available questionnaires or correspondence substantiating the use of theProject Facility in accordance with the terms of the Tax Compliance Agreement for the Tax-Exempt Bonds.


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(l) For refunding bond issues, the Tax-Exempt Bond File for the refunded Tax-ExemptBonds.

ARTICLE II.

PURPOSE AND SCOPESection 2.1 Purpose of Compliance Procedure.

(a) Issuer's Use of Tax-Exempt Bonds. The Issuer, from time to time, uses Tax-ExemptBonds to finance Costs of a Project Facility. The Issuer understands that in exchange for the rightto issue Tax-Exempt Bonds at favorable interest rates and terms, the Code and Regulations imposeongoing requirements related to the proceeds of the Tax-Exempt Bonds and the Project Facilityfinanced by the Tax-Exempt Bonds. These requirements focus on the investment, use andexpenditure of proceeds of the Tax-Exempt Bonds and related funds as well as restrictions on theuse of the Project Facility.

(b) IRS Recommends Separate Written Procedures. The Issuer recognizes that the IRShas stated that all issuers of Tax-Exempt Bonds should have separate written procedures regardingongoing compliance with the federal tax requirements for Tax-Exempt Bonds.

(c) Continuing Disclosure Undertaking; Issuer Commitment. The Issuer is requiredunder the Continuing Disclosure Undertaking to provide disclosures of certain financialinformation and operating data and to file notices of certain material events to the marketplace tofacilitate informed secondary market trading in Tax-Exempt Bonds issued by the Issuer. The Issueris committed to full compliance with the federal tax and securities law requirements for all of itsoutstanding and future tax-exempt financings. This Compliance Procedure is adopted by theGoverning Body to comply with the IRS and Securities and Exchange Commission directives and

to improve tax and securities law compliance and documentation.

Section 2.2 Scope of Compliance Procedure; Conflicts . This Compliance Procedureapplies to all Tax-Exempt Bonds currently outstanding and all Tax-Exempt Bonds issued in thefuture. If the provisions of this Compliance Procedure conflict with a Tax Compliance Agreement,the Continuing Disclosure Undertaking or any other specific written instructions of Bond Counsel,the terms of the Tax Compliance Agreement, Continuing Disclosure Undertaking or specificwritten instructions of Bond Counsel will supersede and govern in lieu of this ComplianceProcedure. Any exception to this Compliance Procedure required by Bond Counsel as part of afuture issue of Tax-Exempt Bonds will be incorporated in the Tax Compliance Agreement for thefuture issue. Any requirements imposed on the Issuer in the Tax Compliance Agreement, will be

noted by the Bond Compliance Officer and incorporated into the Annual Compliance Checklist.The Issuer acknowledges that the Continuing Disclosure Undertaking may also apply to one ormore issues of taxable securities issued by the Issuer.

Section 2.3 Amendments and Publication of Compliance Procedure . ThisCompliance Procedure may be amended from time-to-time by the Governing Body. Copies of thisCompliance Procedure and any amendments will be included in the permanent records of theIssuer.


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ARTICLE III.

BOND COMPLIANCE OFFICER; TRAINING

Section 3.1 Bond Compliance Officer Duties . The Bond Compliance Officer isresponsible for implementing this Compliance Procedure. The Bond Compliance Officer will workwith others that are involved with or use the Project Facility to assist in implementing thisCompliance Procedure. The Bond Compliance Officer will consult with Bond Counsel, legalcounsel to the Issuer, accountants, tax return preparers and other outside experts to the extentnecessary to carry out the purposes of this Compliance Procedure. The Bond Compliance Officerwill report to the Governing Body as necessary, and at least annually, regarding implementationof this Compliance Procedure and any recommended changes or amendments to this ComplianceProcedure.

Section 3.2 Training . When appropriate, the Bond Compliance Officer and/or otheremployees of the Issuer under the direction of the Bond Compliance Officer will attend training

programs offered by the IRS or other industry professionals regarding tax-exempt financing thatare relevant to the Issuer. At the time the individual acting as the Bond Compliance Officer passesthe responsibilities for carrying out the provisions of this Compliance Procedure to anotherindividual, the outgoing Bond Compliance Officer is responsible for training the incomingindividual acting as Bond Compliance Officer to ensure the Issuer's continued compliance withthe provisions of this Compliance Procedure and all Tax Compliance Agreements for anyoutstanding Tax-Exempt Bonds.

ARTICLE IV.

TAX-EXEMPT BONDS CURRENTLY OUTSTANDING

Section 4.1 Tax-Exempt Bonds Covered by Article IV Procedures . This Article IVapplies to all Tax-Exempt Bonds issued prior to the date of this Compliance Procedure that arecurrently outstanding and any Tax-Exempt Bonds issued in the future.

Section 4.2 Tax-Exempt Bond File . As soon as practical, the Bond Compliance Officerwill attempt to assemble as much of the Tax-Exempt Bond File as is available for all Tax-ExemptBonds issued prior to the date of this Compliance Procedure.

Section 4.3 Annual Compliance Checklists . As soon as practical following theadoption of this Compliance Procedure, the Bond Compliance Officer will work with BondCounsel and/or legal counsel to the Issuer and cause Annual Compliance Checklists to be

completed for all outstanding Tax-Exempt Bonds and will follow the procedures specified inArticle VI to complete the Annual Compliance Checklists and thereafter include each completedAnnual Compliance Checklist in the Tax-Exempt Bond File.

Section 4.4 Correcting Prior Deficiencies in Compliance and Remedial Actions . Inthe event the Bond Compliance Officer determines any deficiency in compliance with a TaxCompliance Agreement for an outstanding Tax-Exempt Bond, the Bond Compliance Officer willfollow the procedures described in the Regulations or the Tax-Exempt Bonds Voluntary Closing


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Agreement Program (VCAP) to remediate the noncompliance. If remediation of thenoncompliance requires the Issuer to submit a request under VCAP, the Bond Compliance Officerwill undertake this step only after reporting the violation to the Governing Body and obtaining itsapproval.

In addition, the Issuer agrees to timely take remedial actions for all "non-qualified bonds"under the Code and the Regulations in accordance with Regulations section 1.142-12 or otherremedial actions authorized by the IRS Commissioner under Regulation section 1.141-12(h).

ARTICLE V.

COMPLIANCE PROCEDURE FOR NEW TAX-EXEMPT BOND ISSUES

Section 5.1 Application . This Article V applies to Tax-Exempt Bonds issued on or afterthe date of this Compliance Procedure.

Section 5.2 Prior to Issuance of Tax-Exempt Bonds.

(a) Intent Resolution. The Governing Body will authorize and approve the issuance ofTax-Exempt Bonds. Prior to or as a part of the authorizing resolution or ordinance, the GoverningBody may adopt an Intent Resolution.

(b) Directions to Bond Counsel. The Bond Compliance Officer will provide a copy ofthis Compliance Procedure to Bond Counsel with directions for Bond Counsel to structure thedocumentation and procedural steps taken prior to issuing the Tax-Exempt Bonds so that theyconform to the requirements of this Compliance Procedure, except to the extent Bond Counseldetermines that different procedures are required. The Bond Compliance Officer will consult withBond Counsel so that appropriate provisions are made to fund or reimburse the Issuer's costs and

expenses incurred to implement this Compliance Procedure.(c) Tax Compliance Agreement. For each issuance of Tax-Exempt Bonds, a Tax

Compliance Agreement will be signed by the Bond Compliance Officer or other qualified andauthorized officer of the Issuer. The Tax Compliance Agreement will (1) describe the ProjectFacility and the anticipated Financed Assets, (2) identify all Bond Restricted Funds and providefor arbitrage and rebate compliance, (3) for new money financings, require a Final WrittenAllocation, and (4) contain a form of or reference the Annual Compliance Checklist for the Tax-Exempt Bonds. The Bond Compliance Officer will confer with Bond Counsel and the Issuer'scounsel regarding the meaning and scope of each representation and covenant contained in the TaxCompliance Agreement.

(d) Preliminary Cost Allocations. For each issuance of Tax-Exempt Bonds, the BondCompliance Officer in consultation with Bond Counsel, will prepare a preliminary cost allocation

plan for the Project Facility. The preliminary cost allocation plan will identify the assets andexpected costs for the Project Facility, and when necessary, will break-out the portions of Coststhat are expected to be financed with proceeds of the Tax-Exempt Bonds (the "Financed Assets")and the portions, if any, expected to be financed from other sources.


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(e) Tax Review with Bond Counsel. Prior to the sale of Tax-Exempt Bonds, the BondCompliance Officer and Bond Counsel will review this Compliance Procedure together with thedraft Tax Compliance Agreement to ensure that any tax compliance issues in the new financingare adequately addressed by this Compliance Procedure and/or the Tax Compliance Agreement.If Bond Counsel determines that this Compliance Procedure conflicts with the Tax Compliance

Agreement, or must be supplemented to account for special issues or requirements for the Tax-Exempt Bonds, the Bond Compliance Officer will ask Bond Counsel to include the writtenmodifications or additions in the final Tax Compliance Agreement. The Bond Compliance Officerwill request Bond Counsel to prepare a form of Annual Compliance Checklist for use in monitoringthe ongoing compliance requirements for the Tax-Exempt Bonds.

Section 5.3 Accounting and Recordkeeping.

(a) Accounting for New Money Projects. The Bond Compliance Officer will beresponsible for accounting for the investment and allocation of proceeds of the Tax-Exempt Bonds.The Bond Compliance Officer will establish separate accounts or subaccounts to recordexpenditures for Costs of the Project Facility. Where appropriate, the Bond Compliance Officermay use accounts established as part of the Issuer's financial records for this purpose. In recordingCosts for the Project Facility, the Bond Compliance Officer will ensure that the accounting systemwill include the following information: (1) identity of person or business paid, along with any otheravailable narrative description of the purpose for the payment, (2) date of payment, (3) amount

paid, and (4) invoice number or other identifying reference.

(b) Accounting for Refunded Bonds and Related Refunded Bond Accounts. For Tax-Exempt Bonds that are issued to refund prior Tax-Exempt Bonds, the Tax Compliance Agreementwill set out special accounting and allocation procedures for the proceeds of the financing, and ifnecessary proceeds of the refinanced Tax-Exempt Bonds.

(c) Tax-Exempt Bond File. The Bond Compliance Officer will be responsible forassembling and maintaining the Tax-Exempt Bond File. The Annual Reports, other reports andnotices of certain material events filed by the Issuer with the MSRB will be publicly available onEMMA, if required, and need not be separately maintained in the Tax-Exempt Bond File.

Section 5.4 Final Allocation of Bond Proceeds.

(a) Preparation of Final Written Allocation: Timing. The Bond Compliance Officer isresponsible for making a written allocation of proceeds of Tax-Exempt Bonds to expenditures andidentifying the Financed Assets. This process will be memorialized in the Final Written Allocation.For a new money financing, the Bond Compliance Officer will commence this process as of the

earliest of (1) the requisition of all Tax-Exempt Bond proceeds from any segregated Tax-ExemptBond funded account, (2) the date the Project Facility has been substantially completed or (3) fourand one/half years following the issue date of the Tax-Exempt Bonds. For Tax-Exempt Bondsissued only to refund a prior issue of Tax-Exempt Bonds, the Bond Compliance Officer will workwith Bond Counsel to prepare and/or document the Final Written Allocation for the Project Facilityfinanced by the refunded Tax-Exempt Bonds and include it in the Tax Compliance Agreement.


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(b) Contents and Procedure. The Bond Compliance Officer will consult the TaxCompliance Agreement and, if necessary, contact Bond Counsel to seek advice regarding anyspecial allocation of Tax-Exempt Bond proceeds and other money of the Issuer to the Costs of theProject Facility. If no special allocation is required or recommended, the Bond Compliance Officerwill allocate Costs of the Project Facility to the proceeds of the Tax-Exempt Bonds in accordance

with the Issuer's accounting records. Each Final Written Allocation will contain the following: (1)a reconciliation of the actual sources and uses to Costs of the Project Facility, (2) the percentageof the cost of the Project Facility financed with proceeds of the Tax-Exempt Bonds (sale proceeds

plus any investment earnings on those sale proceeds), (3) the Project Facility's Placed in Servicedate, (4) the estimated economic useful life of the Project Facility, and (5) any special proceduresto be followed in completing the Annual Compliance Checklist (e.g., limiting the AnnualCompliance Checklist to specific areas of the Project Facility that the Final Written Allocation orthe Tax Compliance Agreement treats as having been financed by Tax-Exempt Bonds).

(c) Finalize Annual Compliance Checklist. As part of the preparation of the FinalWritten Allocation, the Bond Compliance Officer will update the draft Annual ComplianceChecklist contained in the relevant Tax Compliance Agreement. The Bond Compliance Officerwill include reminders for all subsequent arbitrage rebate computations required for the Tax-Exempt Bonds in the Annual Compliance Checklist.

(d) Review of Final Written Allocation and Annual Compliance Checklist. Each FinalWritten Allocation and Annual Compliance Checklist will be reviewed by legal counsel to theIssuer or Bond Counsel for sufficiency and compliance with the Tax Compliance Agreement andthis Compliance Procedure. Following the completion of the review, the Bond Compliance Officerwill execute the Final Written Allocation.

ARTICLE VI.

ONGOING MONITORING PROCEDURES

Section 6.1 Annual Compliance Checklist . An Annual Compliance Checklist will becompleted by the Bond Compliance Officer each year following completion of the Final WrittenAllocation. Each Annual Compliance Checklist will be designed and completed for the purpose ofidentifying potential noncompliance with the terms of the Tax Compliance Agreement or thisCompliance Procedure and obtaining documents (such as investment records, arbitragecalculations, or other documentation for the Project Facility) that are required to be incorporatedin the Tax-Exempt Bond File. The Bond Compliance Officer will refer any responses indicating aviolation of the terms of the Tax Compliance Agreement to legal counsel to the Issuer or BondCounsel and, if recommended by counsel, will follow the procedure set out in Section 4.4 hereof

to remediate the non-compliance.

Section 6.2 Arbitrage and Rebate Compliance . The Bond Compliance Officer willmonitor the investment of Bond Restricted Funds and provide investment records to the RebateAnalyst on a timely basis. The Bond Compliance Officer will follow the directions of the RebateAnalyst with respect to the preparation of and the timing of rebate or yield reduction computations.


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ARTICLE VII.

CONTINUING DISCLOSURE

Section 7.1 Annual Disclosure Filings . For each issuance of Tax-Exempt Bonds, theBond Compliance Officer will review the Continuing Disclosure Undertaking, if one is required,to determine the financial information and operating data required to be included in the AnnualReport to be filed by the Issuer with the MSRB on EMMA. If required, the Bond ComplianceOfficer will cause the Annual Report to be filed with the MSRB on EMMA within the time limits

provided in the Continuing Disclosure Undertaking for the Tax-Exempt Bonds.

Section 7.2 Material Event Disclosure Filings . For each outstanding issue of Tax-Exempt Bonds subject to SEC Rule 15c2-12, the Bond Compliance Officer will review theContinuing Disclosure Undertaking to determine the "material events" that require prompt noticeto be filed with the MSRB. Generally, the occurrence of any of the following events with respectto the Tax-Exempt Bonds represents a "material event", provided, any event listed undersubsections (1), (3), (4), (5), (6), (9), (10), (12) or (13) will always be deemed to be material:

(1) Principal and interest payment delinquencies.

(2) Non-payment related defaults.

(3) Unscheduled draws on debt service reserves reflecting financial difficulties.

(4) Unscheduled draws on the credit enhancements reflecting financial difficulties.

(5) Substitution of credit or liquidity providers or their failure to perform.

(6) Adverse tax opinions, the issuance by the Internal Revenue Service of proposed orfinal determinations of taxability, Notices of Proposed Issue (IRS Form 5701-TEB) or othermaterial notices or determinations with respect to the tax status of the Tax-Exempt Bonds security,or other material events affecting the tax status of the Tax-Exempt Bonds security.

(7) Modification to rights of bondholders.

(8) Bond calls.

(9) Tender offers.

(10) Defeasances.

(11) Release, substitution or sale of property securing repayment of the securities.

(12) Rating changes.

(13) Bankruptcy, insolvency, receivership or similar event of the Issuer.


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(14) Consummation of a merger, consolidation, or acquisition involving the Issuer orthe sale of all or substantially all of the assets of the Issuer, other than in the ordinary course of

business, the entry into a definitive agreement to undertake such an action or the termination of adefinitive agreement relating to any such actions, other than pursuant to its terms.

(15) The appointment of a successor or additional trustee or the change of name of atrustee.

After obtaining actual knowledge of the occurrence of any event that the Bond ComplianceOfficer believes may constitute an event requiring disclosure, the Bond Compliance Officer willcontact Bond Counsel to determine if notice of the event is required to be given to the MSRBunder the Continuing Disclosure Undertaking. If it is determined that notice should be provided tothe MSRB or is required to be provided to the MSRB by the Continuing Disclosure Undertaking,the Bond Compliance Officer will cause the appropriate notice to be filed with the MSRB onEMMA within 10 business days after the occurrence of the event or as otherwise directed by BondCounsel.

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Jackson Municipal Airport AuthBalance Sheet

For the Period Ending Monday, August 31, 2015

2015 2014ASSETS AND DEFERRED CHARGES

Current Assets Unrestricted Cash and Cash Eq. $16,165,384.33 $12,496,490.81

Restricted Cash and Cash Eq. 30,620,578.12 31,335,406.43Total Cash 46,785,962.45 43,831,897.24

Accounts Receivable 832,755.10 766,968.71Other Receivables 3,498.64 3,974.55Federal/State/Local Grants Receivable 184,274.86 825,209.38Inventories 135,693.48 122,149.95Prepaid Expenses 139,542.05 207,686.51

Total Current Assets 48,081,726.58 45,757,886.34

Investment in Debt Securities

Capitalized bond issue cost 275,630.00 275,630.00

Property Plant and Equipment Airfield Improvements 95,026,578.30 76,768,998.84

Landside Plant Improvements 102,746,887.02 101,596,785.20

Parking Facilities and Roadway Improvements 34,145,217.50 28,212,468.28Other Property Plant & Equipment 18,661,928.47 18,543,772.16Less Accumulated Depreciation (151,165,780.97) (142,084,598.90)

Total Property Plant and Equipment 99,414,830.32 83,037,425.58

Work -In- ProgressAirfield Improvements 4,908,027.04 18,314,893.98Terminal Facilities 2,263,315.46 2,625,126.40

Parking Facilities and Roadway Improvements 1,233,703.40 146,754.84Other Property Plant & Equipment 8,904,934.50 13,790,058.62

Total Work - In - Progress 17,309,980.40 34,876,833.84

Deferred Charge - Debt Refunding Deferred Charge-Debt Refunding 190,900.00 190,900.00Total Deferred Charges 190,900.00 190,900.00

Total Assets and Deferred Charges 165,273,067.30 164,138,675.76

LIABILITIES AND FUND EQUITY

Current Liabilities Accounts Payable 739,733.97 739,915.58

Sales Tax Payable 34,992.33 35,176.21Contract Retainage Payable 123,667.97 131,916.51Due to AFCO 1,780.89 1,780.89Accrued Expenses Payable 748,676.74 739,001.50Current Maturities of Long Term Debt 1,545,000.00 1,370,000.00Accrued Interest Payable 715,907.74 741,114.94Unearned Rent 67,562.93 53,622.09

Total Current Liabilities 3,977,322.57 3,812,527.72

Long-Term Debt Revenue Bonds Payable 36,409,347.48 37,965,000.00

Discount on Bonds Payable (60,171.00) (60,171.00)

Leasehold Improvements 482,420.85Total Long-Term Debt 36,831,597.33 37,904,829.00

Total Liabilities 40,808,919.90 41,717,356.72

Fund Equity Contributed Equity - City of Jackson 7,350,000.00 7,350,000.00

Contributed Equity - State of Mississippi 428,191.27 428,191.27Contributed Equity - Federal Government 42,119,230.20 42,119,230.20Contributed Equity - Hawkins Field Industrial

Park 1,753,513.90 1,753,513.90Retained Earnings 72,813,212.03 70,770,383.67

Total Fund Equity 124,464,147.40 122,421,319.04

Total Liabilities and Fund Equity 165,273,067.30 164,138,675.76


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Jackson Municipal Airport AuthStatement of Income and Expenses

For the Eleven Months Ending Monday, August 31, 2015

Actual Budget Variance Actual Budget VarianceNCOME

AVIATION INCOMESecurity Surcharge $33,527.42 $28,465.00 $5,062.42 $408,431.44 $341,579.00 $66,852.44Aviation-Baggage Rentals 74,217.29 74,327.75 (110.46) 839,634.93 817,605.25 22,029.68Cargo Landing Fees 17,058.25 13,704.17 3,354.08 201,694.43 150,745.87 50,948.56Hangar Rentals 6,442.34 5,301.08 1,141.26 81,684.68 69,130.88 12,553.80Commercial Landings 164,193.77 173,333.00 (9,139.23) 1,627,146.09 1,668,371.00 (41,224.91)Fuel Flowage Fees 10,392.98 10,225.55 167.43 101,690.46 112,481.05 (10,790.59)Ground Handling 4,074.06 2,517.42 1,556.64 36,254.22 27,691.62 8,562.60et Bridge Rentals 6,734.46 5,612.00 1,122.46 74,079.06 62,854.00 11,225.06

Bldg Rentals-Non Terminal 9,310.05 9,310.00 0.05 102,410.55 102,410.00 0.55Parking & Tie Downs 60.00 48.75 11.25 2,287.00 536.25 1,750.75Offices/Space Rentals-Terminal 191,322.99 178,884.00 12,438.99 2,083,567.93 1,980,234.00 103,333.93Ground Leases 24,795.26 24,726.00 69.26 276,508.27 273,589.00 2,919.27Discounts: Ground Leases (583.33) (583.33) 0.00 (6,416.63) (6,416.63) 0.00Total Aviation Income 541,545.54 525,871.39 15,674.15 5,828,972.43 5,600,811.29 228,161.14

NON AVIATION INCOMEParking Garage 499,940.67 459,224.00 40,716.67 5,381,810.48 5,022,058.00 359,752.48Bldg Rentals - Non Terminal 53,626.21 53,626.25 (0.04) 589,889.31 589,889.75 (0.44)Office/Space Rentals-Terminal 81,360.84 88,707.83 (7,346.99) 947,046.56 9 70,912.13 (23,865.57)Ground Leases 40,122.82 35,983.08 4,139.74 424,092.47 423,899.88 192.59Total Non Aviation Income 675,050.54 637,541.16 37,509.38 7,342,838.82 7,006,759.76 336,079.06

CONCESSION INCOMEConcessions-Food & Beverage 7,367.70 9,874.00 (2,506.30) 72,475.76 108,614.00 (36,138.24)Concessions-Gift & News 18,097.17 18,097.17 0.00 199,792.47 199,068.87 723.60Concessions-Rent-A-Car's 203,348.89 169,724.42 33,624.47 2,030,021.26 1,866,968.62 163,052.64Concessions-Other 3,376.92 2,853.00 523.92 32,503.89 31,375.00 1,128.89Total Concessions 232,190.68 200,548.59 31,642.09 2,334,793.38 2,206,026.49 128,766.89

CONCESSIONS - OTHER

MAA ID Badges 2,350.00 1,312.00 1,038.00 23,076.00 15,549.00 7,527.00Fingerprinting 525.00 249.00 276.00 4,695.00 2,739.00 1,956.00Employee Parking Fees 0.00 243.00 (243.00) 25,334.00 33,255.00 (7,921.00)Ground Transportation 1,020.00 2,226.00 (1,206.00) 30,250.00 35,082.00 (4,832.00)Total Concessions - Other 3,895.00 4,030.00 (135.00) 83,355.00 86,625.00 (3,270.00)

TOTAL INCOME 1,452,681.76 1,367,991.14 84,690.62 15,589,959.63 14,900,222.54 689,737.09

EXPENSES

BOARD EXPENSESBoard Business Meals 647.50 373.42 274.08 9,071.93 4,107.62 4,964.31Board Registration 0.00 1,399.25 (1,399.25) 21,525.00 15,391.75 6,133.25

Board Insurance 0.00 125.00 (125.00) 81.92 1,375.00 (1,293.08)Board Travel 0.00 9,346.08 (9,346.08) 71,832.02 102,806.88 (30,974.86)Total Board Expenses 647.50 11,243.75 (10,596.25) 102,510.87 123,681.25 (21,170.38)

BUILDING EXPENSESAccess Control 5,103.79 4,970.26 133.53 58,556.17 54,672.86 3,883.31Building Repairs & Maintenance (1,112.37) 5,427.25 (6,539.62) 101,560.53 59,699.75 41,860.78Cable 3.99 101.17 (97.18) 1,272.79 1,112.87 159.92Electrical Maintenance 0.00 997.33 (997.33) 2,042.11 10,970.63 (8,928.52)Electricity 55,767.15 78,211.86 (22,444.71) 678,838.29 785,331.69 (106,493.40)Elevator/Escalator Maintenance 5,015.75 6,075.92 (1,060.17) 64,745.40 66,835.12 (2,089.72)Emergency Operations 0.00 318.50 (318.50) 2,676.95 3,503.50 (826.55)Garbage 1,735.06 1,995.09 (260.03) 19,445.66 21,945.99 (2,500.33)HVAC Maintenance 4,334.66 1,083.50 3,251.16 15,375.45 11,918.50 3,456.95

etbridge Maintenance 2,296.60 3,167.08 (870.48) 28,032.23 34,837.88 (6,805.65)

MONTH YTD


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Actual Budget Variance Actual Budget VarianceMONTH YTD

Landscaping 6,999.58 7,102.08 (102.50) 55,152.01 78,122.88 (22,970.87)Lighting Maintenance 7,575.25 6,288.08 1,287.17 38,928.23 69,168.88 (30,240.65)Gas Utiltity 1,017.20 412.06 605.14 61,893.08 71,312.99 (9,419.91)Sewer 4,318.88 6,128.83 (1,809.95) 47,526.41 67,417.13 (19,890.72)Telephone Utility 7,806.73 10,137.91 (2,331.18) 76,508.31 111,517.01 (35,008.70)Water Utility 80.63 34.17 46.46 372.35 375.87 (3.52Total Building Expenses 100,942.90 132,451.09 (31,508.19) 1,252,925.97 1,448,743.55 (195,817.58)

EMPLOYEE EXPENSESSalaries 372,803.61 429,587.00 (56,783.39) 4,317,066.56 4,581,798.00 (264,731.44)Taxable Income-Relocation Expenses 4,860.14 0.00 4,860.14 30,361.38 0.00 30,361.38Scheduled Overtime 9,131.88 8,493.00 638.88 50,972.99 57,423.00 (6,450.01)Overtime 22,355.53 14,472.75 7,882.78 257,245.39 165,744.25 91,501.14Contra Account- Salaries 0.00 0.00 0.00 (147,238.81) (84,507.75) (62,731.06)Medicare 5,794.95 6,639.00 (844.05) 65,861.24 69,625.00 (3,763.76)Social Security 23,572.32 28,035.00 (4,462.68) 270,252.54 291,539.00 (21,286.46)Unemployment Benefits 0.00 598.41 (598.41) (434.81) 6,582.51 (7,017.32)Other Employee Insurances 5,049.29 8,621.50 (3,572.21) 70,392.32 95,000.50 (24,608.18)Employee Medical Benefits 47,697.21 55,473.00 (7,775.79) 487,043.91 574,916.00 (87,872.09)Dependent Medical Benefits 13,184.95 13,722.87 (537.92) 120,407.13 142,419.48 (22,012.35)Employee Dental Benefits 2,771.02 2,856.00 (84.98) 29,638.36 29,617.00 21.36Dependent Dental Benefits 1,276.29 1,618.00 (341.71) 10,738.58 16,790.00 (6,051.42)Pension Expense 63,499.50 71,375.00 (7,875.50) 726,993.10 751,962.00 (24,968.90)Deferred Compensation 9,313.44 12,065.00 (2,751.56) 114,378.08 127,846.00 (13,467.92)Cafeteria Plan Flexible Spending 351.00 347.75 3.25 3,402.00 3,825.25 (423.25)Other Working Fringe Benefit 0.00 0.00 0.00 3,892.28 0.00 3,892.28Business Meals 909.07 1,484.17 (575.10) 12,722.55 16,325.87 (3,603.32)Dues & Registration Fees 13,477.74 11,611.59 1,866.15 139,410.44 127,727.49 11,682.95Other Employee Costs (1,110.10) 3,068.75 (4,178.85) 33,517.46 33,756.25 (238.79)Training 634.26 3,972.50 (3,338.24) 21,044.48 43,697.50 (22,653.02)Medical Screening 1,985.00 812.08 1,172.92 8,372.82 8,932.88 (560.06)Travel Expense 3,840.66 9,024.31 (5,183.65) 38,286.65 99,267.41 (60,980.76)Uniforms 7,792.12 5,120.24 2,671.88 39,109.70 56,322.64 (17,212.94)

Total Employee Expenses 609,189.88 688,997.92 (79,808.04) 6,703,436.34 7,216,610.28 (513,173.94)

EQUIPMENTCommunications Equipment 0.00 781.75 (781.75) 5,673.28 8,599.25 (2,925.97)Communications Eq. Maintenance 13,230.24 8,555.00 4,675.24 82,218.90 94,105.00 (11,886.10)Computer Maintenance 1,452.43 453.83 998.60 7,582.26 4,992.13 2,590.13Computer Equipment 2,002.00 6,699.58 (4,697.58) 54,878.24 73,695.38 (18,817.14)Other Equipment Maintenance 0.00 3,040.09 (3,040.09) 38,195.80 33,440.99 4,754.81Minor Equipment & AppliancePurchase 780.00 2,652.40 (1,872.40) 23,898.13 29,176.40 (5,278.27)Office Equipment Maintenance 875.42 637.50 237.92 7,879.94 7,012.50 867.44Rentals 3,680.85 3,688.42 (7.57) 41,949.86 40,572.62 1,377.24Tractor Maintenance 6,888.31 1,654.00 5,234.31 44,575.64 18,194.00 26,381.64Vehicle Maintenance 6,092.58 2,788.09 3,304.49 50,421.17 30,668.99 19,752.18

Total Equipment 35,001.83 30,950.66 4,051.17 357,273.22 340,457.26 16,815.96

MISCELLANEOUS EXPENSESMAA Sponorships 0.00 2,550.00 (2,550.00) 24,603.00 28,050.00 (3,447.00)

Total Miscellaneous Expense 0.00 2,550.00 (2,550.00) 24,603.00 28,050.00 (3,447.00)

SERVICESAdvertising 1,056.96 2,097.58 (1,040.62) 21,935.72 23,073.38 (1,137.66)Auditing Fees 0.00 1,387.91 (1,387.91) 44,671.00 40,083.13 4,587.87Bank Service Fees 10,465.31 11,076.56 (611.25) 133,633.22 121,842.16 11,791.06Business Promotion 887.34 9,247.25 (8,359.91) 86,679.30 101,719.75 (15,040.45)Consulting Fees 27,788.00 14,010.83 13,777.17 245,661.62 154,119.13 91,542.49DBE Expenses 0.00 1,960.83 (1,960.83) 0.00 21,569.13 (21,569.13)Engineering 213.00 8,392.16 (8,179.16) 1,067.50 92,313.76 (91,246.26)

Engineering Reimbursables 0.00 4.92 (4.92) 8.96 54.12 (45.16)JMAA Board MSeptember 28

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Actual Budget Variance Actual Budget VarianceMONTH YTD

nsurance 40,615.12 40,958.27 (343.15) 446,636.32 450,540.97 (3,904.65)Legal Fees 43,022.50 43,332.08 (309.58) 718,010.70 476,652.88 241,357.82GAT Security Screening 6,593.45 4,220.08 2,373.37 50,029.68 46,420.88 3,608.80Parking Lot Fee 43,803.93 48,016.88 (4,212.95) 490,427.57 528,185.38 (37,757.81)Licenses & Permits 0.00 113.75 (113.75) 1,767.50 1,251.25 516.25Other Services 11,667.00 22,078.58 (10,411.58) 198,544.29 242,864.38 (44,320.09)Postage 64.09 791.67 (727.58) 5,891.54 8,708.37 (2,816.83)Publications & Subscriptions 44.00 598.42 (554.42) 3,890.63 6,582.62 (2,691.99)Temporary Employment Services 304.50 400.44 (95.94) 45,210.99 4,268.48 40,942.51Towing Service 130.00 0.00 130.00 605.00 0.00 605.00Total Services 186,655.20 208,688.21 (22,033.01) 2,494,671.54 2,320,249.77 174,421.77

SUPPLIESChemicals 826.35 1,631.17 (804.82) 7,539.72 17,942.87 (10,403.15)Computer Supplies 2,978.24 1,532.25 1,445.99 16,738.49 16,854.75 (116.26)Software 7,851.95 15,114.75 (7,262.80) 156,447.29 166,262.25 (9,814.96)Diesel 5,133.10 3,621.50 1,511.60 35,517.18 39,836.50 (4,319.32)Gasoline 5,201.55 11,940.31 (6,738.76) 75,336.00 131,343.41 (56,007.41)anitorial Supplies 7,659.90 7,806.67 (146.77) 75,937.57 85,873.37 (9,935.80)

Office Supplies 1,684.17 1,554.25 129.92 19,379.86 17,096.75 2,283.11Other Supplies 2,317.78 9,371.97 (7,054.19) 39,907.46 103,091.67 (63,184.21)Total Supplies 33,653.04 52,572.87 (18,919.83) 426,803.57 578,301.57 (151,498.00)

TOTAL OPERATING EXPENSES 966,090.35 1,127,454.50 (161,364.15) 11,362,224.51 12,056,093.68 (693,869.17)

NET OPERATING INCOME ( LOSS) 486,591.41 240,536.64 246,054.77 4,227,735.12 2,844,128.86 1,383,606.26

CAPITAL & OTHER INCOMEnterest Income 3,464.29 3,000.00 464.29 34,552.52 33,000.00 1,552.52

Other Income 9,108.01 0.00 9,108.01 15,764.92 0.00 15,764.92TSA Grant Revenue 18,600.00 18,600.00 0.00 201,000.00 201,000.00 0.00Federal Grant Revenue 30,509.00 540,322.00 (509,813.00) 3,086,039.00 6,276,690.00 (3,190,651.00)

MS State Grant Revenue 862.26 55,417.00 (54,554.74) 131,347.76 732,585.00 (601,237.24)PFC Revenue 294,759.54 171,585.00 123,174.54 2,034,949.61 1,876,470.00 158,479.61CFC Revenue 209,929.23 131,787.00 78,142.23 2,010,106.66 1,439,994.00 570,112.66Gain on Asset Disposal 0.00 0.00 0.00 12,656.43 0.00 12,656.43Total Capital & Other Income 567,232.33 920,711.00 (353,478.67) 7,526,416.90 10,559,739.00 (3,033,322.10)

OTHER EXPENSESDepreciation Expense 748,555.62 7 47,533.00 1,022.62 8,326,717.82 8,311,798.00 14,919.82nterest Expense 143,001.67 143,001.67 0.00 1,572,998.00 1,573,018.37 (20.37)

Total Other Expenses 891,557.29 890,534.67 1,022.62 9,899,715.82 9,884,816.37 14,899.45

NET INCOME (LOSS) 162,266.45 270,712.97 (108,446.52) 1,854,436.20 3,519,051.49 (1,664,615.29)


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Claim No. Warrant No. Claimant Amount Operating Amount Projects

Jackson Municipal Airport AuthorityClaims Docket

August 31, 2015

90876 049265 CLARIO The Clarion-Ledger 363.80

90877 049266 CNEWMAN Carl D. Newman 177.26

90878 049267 COMCOF Community Coffee Co., LLC 765.00

90879 049268 COMLIN Comlink Wireless Technologies 2,503.14

90880 049269 CONNECTSPC Connector Specialists 327.64

90881 049270 CUSCRE Custom Creations Inc of MS 1,350.00

90882 049271 DENNIS Dennis Enterprises, Inc 491.68

90883 049272 DEVINE Deviney Equipment 1,737.93

90884 049273 DICKERSONP Dickerson Petroleum 4,832.43

90885 049274 DIRECT DirecTV 3.99

90886 049275 DISCRETE Discrete Wireless dba NexTraq 857.15

90887 049276 DSWATERS DS Waters of America 25.40

90888 049277 ENTEX Centerpoint Energy 17.61



90891 049280 ENTEX Centerpoint Energy 1,558.22


90893 049282 FAITH Faith Group, LLC 0.00 5,295.00

90894 049283 FASHION Fashions, Inc. of Jackson 249.00

90895 049284 FEDX Federal Express Corp. 64.09

90896 049285 FLIGHTVIEW FlightView, Inc. 1,295.00

90897 049286 FLOWERSMAX Flowers By Max 750.00

90898 049287 FOLIAG Rushingreen Inc. dba Foliage Design 1,260.00

90899 049288 VOID Voided Check 0.00

3822 JMAA Board MSeptember 28

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August 31, 2015

90900 049289 GLASS Mississippi Glass Works 125.00

90901 049290 GLOBALSEC Global Sector Services 312.50

90902 049291 GREENOAK Green Oak Garden Center 3,958.33

90903 049292 HEMP-C Hemphill Construction Company 0.00 350,508.88

90904 049293 HMSHOST Host International, Inc 190.00

90905 049294 HUDNEW Hudson Group (HG) Retail dba Hudson News 44.00

90906 049295 HWILSON Howard Wilson Chrysler 1,164.75

90907 049296 I-TECH Information Technology 224.00

90908 049297 INGRAM Ingram Equipment Co., LLC 1,818.40

90909 049298 INTEGRO Intergro LLC 1,597.50

90910 049299 IRBY Stuart C. Irby Co. 5,619.32

90911 049300 ISS Innovative Staffing Servic 416.50

90912 049301 IUPE J. S. Iupe's 1,195.65

90913 049302 J-ADVC Jackson Advocate 126.78

90914 049303 JACPWR Jackson Powertrain 334.00

90915 049304 JOHNST Johnstone Supply of Jackson 12.26

90916 049305 JXN BLUE Jackson Blueprint & Supply 1,207.50

90917 049306 LANOTICIA Luis G Espinoza dba La Noticia Newspaper 150.00

90918 049307 LEO Leonard Metal Fabricators 159.95

90919 049308 LEOADALY Leo A Daly Company 0.00 2,831.72

90920 049309 LHARRIS LaWanda Harris 500.00

90921 049310 LOVE1 Love Irrigation, Inc. 3,041.25

90922 049311 M/ACOM Harris Corporation 1,092.50

90923 049312 MAYLAW The May Law Firm, PLLC 5,490.00 76.25


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August 31, 2015

90924 049313 MEAPHY First Intermed Corp dba MEA Medical Center 1,985.00

90925 049314 MIDSOU Mid-South Uniform & Supply 2,062.60

90926 049315 MLINK3 Mississippi Link Newspaper 970.00

90927 049316 MSAGCO Mississippi AG Company 3,929.29

90928 049317 MSFILE Vital Records Control of MS 136.50

90929 049318 MSPOW Entergy 145,840.55

90930 049319 NASCHE Nashville Chemical & Equipment 456.50

90931 049320 NBF National Business Furnitur 780.00

90932 049321 NEWKS Restaurant #1, LP dba Newk's 162.49

90933 049322 OUP O'Reilly Auto Parts 371.52

90934 049323 P-EQ Petroleum Equipment Company 85.72

90935 049324 PEST Havard Pest Control, Inc 390.00

90936 049325 PETTY Petty Cash JMAA 583.33

90937 049326 POND Ponderosa Fence & Gate 1,097.00

90938 049327 PORTERS Porters Insurance Agency 500.00

90939 049328 PRIMOS Primos Restaurants, Inc 713.65

90940 049329 PUREAIR Lott Enterprises, Inc dba Pure Air Filter Sales 4,322.40

90941 049330 QBE QBE Insurance Corporation 257.37

90942 049331 R-NEWS RCN, Inc. dba Rankin County News 149.66

90943 049332 RANKINEM Rankin County Board of Supervisors 80.00

90944 049333 RCC Rankin County Co-op 391.40

90945 049334 REDBUD Red Bud Supply, Inc 190.18

90946 049335 REDWING Red Wing Brands of America 1,039.44



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August 31, 2015


90949 049338 REV-C Rooks Revell Hardware Co 1,452.67

90950 049339 REVRENT Revell Rental & Outdoor 55.00

90951 049340 REYNOLDS Reynolds, Smith & Hill 0.00 3,658.00

90952 049341 RJYOUNG Robert J Young Company 2,066.42

90953 049342 RPS RPS/AJA of Jackson, LLP 43,803.93

90954 049343 S-PRINT Service Printers 294.00

90955 049344 S.HANKS Shawn Hanks 73.29

90956 049345 SAFE Safeway Cleaners 1,287.79

90957 049346 SCHIND Schindler Elevator Corporation 15,047.25

90958 049347 SERVICE Service Plus Communications 296.00

90959 049348 SHANK Shank Communications Co. 3,420.00

90960 049349 SHI SHI International Corp. dba SHI 1,672.01

90961 049350 SIPART SI Partners Inc 9,030.00

90962 049351 SOUCON The Southern Connection 1,458.00

90963 049352 SOUTELECOM Southern Telecommunications 3,515.49

90964 049353 SPECIALTY Specialty Fuel Services 866.25

90965 049354 T&L T&L Glass Co., Inc 265.00

90966 049355 TALTON Talton Communications 118.00

90967 049356 TELEPAK Telepak Networks, Inc 4,150.00

90968 049357 TONYS Tony's Tips 325.00

90969 049358 UMB Card Services (Credit Card) 17,216.61

90970 049359 UMBT Card Services (Travel Card) 4,768.87

90971 049360 UNIFIED Unified Supply 4,379.85


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August 31, 2015

90972 049361 W-ENG Waggoner Engineering, Inc 0.00 213.00

90973 049362 WALKERGRP Walker Group, PC 35,533.50 427.00

90974 049363 WEIAJA WEI/AJA, LLC 0.00 33,898.45

90975 049364 WIFI2 VMware, Inc. dba 200.00


90977 49366 FRESH Fresh Market Café 381.25

Subtotals 401,774.22 407,953.40

Grand Total 809,727.62


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MEMORANDUM NO. FINANCE 2015-48

TO: Board of Commissioners

LaWanda D. Harris, ChairVernon W. Hartley, Sr., Vice ChairPastor James L. Henley, Jr., CommissionerDr. Rosie L. T. Pridgen, CommissionerEvelyn O. Reed, Commissioner

FROM: Arnetrius Branson, Interim Chief Financial Officer

DATE: September 22, 2015

PROJECT TITLE: Fiscal Year 2016 Operating and Maintenance BudgetFiscal Year 2016 Capital Budget

ACTION REQUESTED

Staff is requesting acceptance of (i) the proposed Fiscal Year 2016 Operating and Maintenance(“O&M”) Budget; and (ii) the proposed Capital Budget estimating the capital funds likely to beexpended during the course of the Fiscal Year.

SYNOPSIS

Key elements of the proposed O&M Budget calculations include the following estimates for FiscalYear 2016:

Enplanements 484,367 PassengersCommercial and Cargo Landed Weights 666,446,000 LBSJMAA Cash on Hand 406 DaysDebt Service Coverage Available Rate 2.07Airline Terminal Rental Rate $79.17 Per Sq. Ft. Per AnnumLanding Fee $2.99 Per 1,000 LBSAirline Cost Per Passenger Enplaned $11.45 Cost Per Enplanement

Operating Revenues $17,122,182Operating Expenditures $14,586,035Operating Income Before Depreciation $2,536,147


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MEMORANDUM NO. MAINTENANCE 2015-48September 22, 2015Page 2 of 2

Primary Funding Sources for Capital Expenditures estimated to be undertaken in Fiscal Year

2016 include the following:FAA - Airport Improvement Program Grants $11,226,849Mississippi Department of Transportation Grants $925,421Passenger Facility Charges $3,351,160Customer Facility Charges $4,231,000JMAA Cash $4,640,476


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MEMORANDUM NO. FINANCE 2015 - 50

TO: Board of Commissioners

LaWanda D. Harris, ChairVernon W. Hartley, Sr., Vice ChairPastor James L. Henley, Jr., CommissionerDr. Rosie L. T. Pridgen, CommissionerEvelyn O. Reed, Commissioner

FROM: Arnetrius Branson, Interim Chief Financial Officer


SUBJECT: Early Issues

Shown below are claims for payment in support of the AMAC Regional Forum.

Each of the claims is made by a Small, Disadvantaged Business Enterprise or Minority OwnedBusiness with limited capacity to extend cash investments necessary for materials and supplies to

prepare for the event costs incurred during the event dates.

Vendors and Specific Claims:

1. PJ’s Talks and Tours - $225.002. Alferteen Harrison - $225.003. Dawson List dba Ice Dragon Ice Sculptures - $750.00

Staff is requesting authority to pay the aforementioned claims after the services and/or commoditieshave been received and accepted by JMAA.


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MEMORANDUM NO. DBE 2015-04

TO: Board of CommissionersLaWanda D. Harris, ChairVernon W. Hartley, Sr., Vice ChairPastor James L. Henley, Jr., CommissionerDr. Rosie L. T. Pridgen, CommissionerEvelyn O. Reed, Commissioner

FROM: Jack Thomas, Director of DBE


PROJECT TITLE: AMAC Regional Forum-Amendment to the Agreement withAMAC and Increase in JMAA’s Project Budget

CONTRACT NO.: TBD

ACTION REQUESTED

Staff is requesting authority to amend the existing non-professional Service Agreement(“Agreement”) with the Airport Minority Advisory Council (AMAC), a Florida nonprofitcorporation, with its principal place of business in Arlington, Virginia, by increasing the amountof the current Agreement by $1,000.00 in consideration for AMAC conducting a Commissioners’Breakfast event on October 15, 2015, in support of and as a part of the AMAC Regional Forum(“the Forum”) for a new Agreement total of $26,000.

Staff is also seeking approval to increase the Jackson Municipal Airport Authority’s (“JMAA”)financial commitment to the AMAC Regional Forum Project (“Project” ) by $2,900.00 for services,commodities and other miscellaneous expenses being paid by JMAA to persons and entities otherthan AMAC; and Staff is seeking authority to increase to total Project budget for to $45,700.00.

SYNOPSIS

The proposed amendment to the current Agreement with AMAC will provide for aCommissioners’ Breakfast, an “invitation only” event, hosted by the Chair of the JMAA Board ofCommissioners. Approximately twenty-five (25) guests will be invited to this event to fosternetworking and build relationships amongst the leadership of participating airports and businessentities participating in and supporting the Forum. AMAC will address the associated cost of theevent pursuant to the proposed amendment to the Agreement.


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MEMORANDUM NO. DBE 2015-04September 28, 2015Page 2 of 4

The request for an increase in the Project Budget of $3,000.00 will provide for event services andamenities to include:

1. The floral arrangements in the amount of ($1,000.00) to be used as décor for all Forumevents to include, the Welcoming Reception, Commissioners’ Br eakfast, Commissioner’sRoundtable and other Forum sessions;

2. An aviation themed ice sculpture for the Welcoming Reception ($750.00);

3. Tour Guide services to provide historical and other information about the City of Jacksonto Forum attendees during their travels to and from the Welcome Reception ($450.00);

4. Commemorative t-shirts for staff and volunteers; refrigerated truck rental; andmiscellaneous supplies that may be required during the planned events ($700.00).

BACKGROUND

Each AMAC Regional Forum has a standard set of activities including: general sessions, keynoteaddresses, workshops and round-table discussions. The Regional Forum scheduled for Jacksonwill include all of those activities and special events hosted by JMAA to enhance the conferenceexperience for attendees and supporting entities. The goal of the Forum is to ensure that the

business community of Jackson has every opportunity to engage JMAA ’s decision makers and build relationships for future endeavors.

SCOPE OF SERVICES

Current Services being provided by AMAC:

1. Meeting venue;2. Marketing materials and advertisement of the Forum both locally and across aviation

industry media outlets;3. Printing services:4. Audio visual equipment and services; and,5. Photography and videography services.


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MEMORANDUM NO. DBE 2015-04September 28, 2015Page 4 of 4

DISADVANTAGED BUSINESS ENTERPRISE OPPORTUNITIES JMAA and AMAC are committed to ensuring that all vendor opportunities associated with theRegional Forum are offered to local M/W/DBE firms.PROJECT SCHEDULE

April 1, 2015 Execute contract with AMACMay 1, 2015 AMAC Secure HotelJuly 1, 2015 AMAC Beg

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