Jahn

Jahn keeps asking for expenditures and I will try to accomodate over the next month. In the meantime, check out page 19 of 91 in the IMG report.

http://www.ci.worcester.ma.us/reports/IMGFinalReport.pdf

It gives a pretty good snapshot over 7 years, here are some highlights:

• total operations went up slightly
• commercial passengers went to 0
• expenses increased $867,803 per year, approximately 40%
• personnel expenses increaseDd59% --757,448 to 1,202,801 per year (445,353)
• friinge benefits increased63%%-- 262,999 to 428,994 (165,995)

Looking at increasing expenses like this, you would think the airport would be growing dramtically between 1998-2004. How did we offset these dramatic increases in expenses, check out the MassPort Funds line-- zero to 1,632,460.

Besides focus on GA business, we need to get a grasp on how expenses are increasing so much?