The NAA Balance Sheet is very stable and presents significant liquidity. As of
April 30, 2022, net unrestricted working capital is in excess of $800,000. All
Accounts Receivable and Accounts Payable are current. Fiscal 2022 is expected to
result in another surplus in excess of $75,000. NAA has also been awarded
operating grants in excess of $250,000 per year for four ycars.
Forward Looking Financial Items
The NAA is in the process of completing its Fiscal June 30, 2023 Budget. Payroll
and other related costs account for about 75% of our Operating Budget with
Repairs, Maintenance and other property improvements and expenses making up
the majority of the rest. Revenue for Fiscal 2023 is expected to, once again, exceed
its operating expenses.
Airport Construction Projects
The NAA has recently completed a $3.6 million project for reconstruction and
resurfacing of the taxiways located on the Northwestern part of the airport and is in
the process of closing out those contracts associated with that project. Usually, all
airport projects are 90% funded by the FAA with 5% coming from the State and
5% funded by the City of Nashua. [lowever, this project ended up being fully
funded by the FAA with no contribution required from the State or City. There are
two more projects being planned and scopcd at this time. One is design only for
the rehabilitation of the primary Taxiway “Alpha” in the amount of $285,000 and
the other in the amount of $2.4 million for the rehabilitation of “F” and “G” ramps.
The City’s share of those two projects is $135,000 which is already included in the
City’s Capital Improvement Plan.
Proposed property development
There is a large parcel of land within the current Airport property in which several
aviation Developers have shown significant interest. NAA has been negotiating
