CPA board adopts $25.1M FY 2019 budget
The Commonwealth Ports Authority board of directors holds a meeting at the Aircraft Rescue and Fire Fighting classroom of the Francisco C. Ada/Saipan International Airport. During the meeting, board members approved CPA’s Fiscal Year 2019 budget. (Ferdie de la Torre)
The Commonwealth Ports Authority board of directors adopted a fiscal year 2019 budget of $25,084,922 for airports and seaports during its board meeting last Friday.
The board approved the budget at a meeting at the Aircraft Rescue and Fire Fighting classroom of the Francisco C. Ada/Saipan International Airport. CPA acting chair Thomas P. Villagomez presided over the meeting.
CPA board airport operations committee chair Barry C. Toves said the airport division has a budget of $15,357,728 for fiscal year 2019, while the seaport division has $7,727,194.
Toves said the fiscal year 2019 budget is a slight dip compared to last fiscal year’s budget of $16,809,500 for the airport division and 8,528,947 for the seaport division, for a total of $25,338,447.
CPA board financial affairs committee chair Kimberlyn King-Hinds told Saipan Tribune that it is a very conservative budget, but it ensures that eligible employees are given within-grade increases next fiscal year.
King-Hinds said the pullout of both Delta Air Lines and Cape Air resulted in a reduction in revenue.
