CLEVELAND, Tenn. – After opening the Cleveland Regional Jetport less than two months ago, airport authority officials are hoping to get the facility’s operating budget off the ground.
On Friday, the Cleveland Municipal Airport Authority mapped plans to address a possible budget shortfall of $141,000 for the fiscal year beginning July 1. The authority’s budget projects $390,000 in revenues for the airport but $531,000 in expenses.
Officials agreed to work on collecting $300,000 in donations from businesses and individuals for the jetport. The airport authority has received less than $20,000 of those pledges.
“The pledge receipts are very important,” authority Chairwoman Lynn DeVault said. She asked that notices be sent to donors as soon as possible.
Vice Chairman Lou Patten said not all pledges will be funded this year because some money was pledged in five-year installments.