Finance

Airport Finances

The Truckee Tahoe Airport District, California Special District Agency, receives revenues from three distinct sources:
- The District operates as an 'enterprise district,' meaning that it provides services and has the ability to charge fees for those services. Operating revenues received by the District include receipts for fuel sales, transient use fees, hangar rentals, concessions, and revenues from other business leases.
- The District receives a portion of the property taxes collected from parcels within the District's boundaries, which includes portions of both Nevada and Placer Counties.
- The District applies for grant funding from the Federal Aviation Administration for airport related capital projects and pavement maintenance expenses. To a lesser degree, grant funding is also available from the California Department of Transportation's Division of Aeronautics.
- The District Board of Directors typically approves the annual budget at the Septemeber Board meeting. The District's fiscal year runs from October 01 through September 30.

Detail, both current and historical, on funding sources and annual expenses can be found in the current budget.

Current Budget

FY2018 Approved Budget

Each year the District's financial records are subject to an audit by an independent auditor; the five most recent audit reports can be found below. In addition to the financial statements for each year, the reports contain the auditor's opinion letter and a "management's discussion and analysis" section that contains financial highlights, operational highlights, financial analysis and a discussion of economic factors and budgeting.

Audited Financial Statements

➤  2016-2017 Audited Financial Statement
➤  2015-2016 Audited Financial Statement
➤  2014-2015 Audited Financial Statement
➤  2013-2014 Audited Financial Statement
➤  2012-2013 Audited Financial Statement
➤  2011-2012 Audited Financial Statement
➤  2010-2011 Audited Financial Statement
➤  2009-2010 Audited Financial Statement

State Controller's Compensation Information

Visit PublicPay.CA.gov for information about Truckee-Tahoe Airport's compensation.

If you have questions regarding finance related topics, please contact Sally Lyon, Director of Finance and Administration at sally.lyon@truckeetahoeairport.com or 530-587-7692.