Audit: More than $1 million due to Augusta airport
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Posted 7:51AM on Friday, February 1, 2002
AUGUSTA - Airlines and tenants owe more than $1 million to Augusta Regional Airport in outstanding bills, according to a recent audit. <br>
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What airport officials have discovered a backlog in outstanding bills, some less than a month old and others due years ago with balances carried over. <br>
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J.T. Cosnahan, of Baird & Co. accounting firm, told the Augusta Aviation Commission about the scope of the problem Thursday during the board's monthly meeting. <br>
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``Our major concern is the (accounts) receivables,'' Cosnahan said. ``You've got money that's lying around that you could have in your bank account.'' <br>
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Those receivables range from airline rent payments to cleaning and fuel charges. <br>
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The audit began shortly after Airport Director Ken Kraemer and Finance Director Leslie Priessman were hired in August. Kraemer said they wanted to make sure they were inherting a clean financial record. <br>
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Part of the problem was that until recently, the airport did not have an automated accounting system and handled the bills manually, said airport spokeswoman Kathryn Solee. <br>
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``Some (of it) has been because we've been late getting bills out,'' she said. <br>
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Aviation board members said they would like to see the airport start collecting some of the outstanding funds. The commission voted to spend about $15,000 for two Baird & Co. accountants to track down what accounts can be collected. <br>
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``The procedures are there (to collect),'' Cosnahan said. ``It's just going to take somebody going through with their sleeves rolled up.'' <br>
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Solee agreed. <br>
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``There may end up being some that we'll have to write off,'' she said, ``and that's just the cost of doing business and not being timely with things."