Increased revenue, increased deficit?
Saratoga Airport Advisory Board holds workshop on negative airport fund, but answers are few
October 2, 2019
While the Saratoga Airport Advisory Board recently made the decision to move to quarterly meetings, a workshop concerning the airport fund had been scheduled for Sept. 24. It was the hope of members of the advisory board, some of whom were members of the previous board, to get answers following the audit of the Town of Saratoga for 2017/2018.
The audit, which showed several enterprise accounts in the red, reported that the airport fund had a negative balance of $221,679. According to Wyoming Statute, enterprise accounts are not allowed to show a negative balance. Following the May 20 budget...