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            "text": "AGENDA ITEM NO. 11C",
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            "text": "SARASOTA MANATEE AIRPORT AUTHORITY\nFINANCE & ADMINISTRATION STAFF REPORT\nSEPTEMBER 27, 2021 REGULAR MEETING",
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                    "text": "AUGUST 2021",
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            "text": "FINANCE",
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            "text": "Budget/Financial Information:",
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            "text": "Included in the Board packet are the unaudited financial statements for August. Summary information contained therein for August is as follows: Operating revenues were approximately 65% higher than anticipated in the FY 21 budget. Operating expenses were approximately 0.6% higher."
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            "text": "As part of the ongoing development of investment policies and procedures, reports have been developed based on information provided by Sarasota County Clerk of the Court. The current disclosure reflects an Investment Portfolio Analysis, along with a Portfolio Activity Report. Staff continues to work closely with the Clerk's office. No investments to report for August."
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            "text": "Passenger Facility Charge (PFC): A separate detail which reflects PFC collections for the month of August and cumulative to date. PFC's collected for August were $983,464.62."
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