Resealing the runway is scheduled for 2016-17 and 2021-22 using depreciation funds to cover the $350,000 costs.
Replacement of runway lights was completed in 2015-16 funded from depreciation.
Other work included regulatory requirements such as fencing in 2016-17, renewing the back-up generator in 2015-16, and relocating the grass runway further away from the sealed runway when a commercial service restarts costing a total of $75,700. Internal roading is scheduled for 2018-19 to accommodate growth in services. Most work will be funded from depreciation reserves. The relocation of the grass runway ($15,000) will be loan funded.
This work is required for safety purposes and there are no alternatives if we are to ensure safe operation.