Chapter 3 | Business—Financial and Administrative Management
Financial and administrative management are key functions of small airport management. Airports should strive to be as self-sustaining as possible through revenue generation and good fiscal management of expenditures through budgeting. Appropriate lease documents, establishment of rates and charges, maximizing grant funding, if eligible, and minimizing risk through insurance are also important fiscal management tools. When a small airport has multiple employees, the small airport manager may also have human resources-related management responsibilities.