February 12, 2008

The monthly meeting of the Board of Directors of the Cherokee Aviation Authority was held on Tuesday,
February 12, 2008, at the Cherokee County Regional Airport. Chairman Kent Wenck called the meeting
to order at 7:00 p.m.

Present: Kent Wenck, Neal Rogge, Mike Fox, Karen Aduddell and FBO Brian Lauck. Absent: Laverne
Birch and Mike O’Neal. A quorum was present

The minutes of the previous meeting were read. Fox moved, seconded by Rogge, to approve the
minutes as read. Motion carried.

The following bills were presented for payment:

Lauck Aviation, Inc.	$2,500.00
Lauck Aviation, Inc.	$229.04
Lauck Aviation, Inc.	$187.23
Karen Aduddell	$155.55
Qwest	$143.99
City of Cherokee	$26.03
Bomgaars	$38.77
Mid American Energy	$363.76
Alliant Energy	$205.38
Cherokee Auto Parts	$20.79
Evertek	$43.07
Bugh Welding	$28.00
City of Cherokee	$580.34
Allied Insurance	$188.00
Newton Home Oil	$45.50

Fox moved, seconded by Rogge, to approve payment of these bills. Motion carried.

Reviewed the balance sheet as of February 11, 2008, accounts receivable, and profit and loss for the
current fiscal year to date.

The fuel reports for the months of December and January were reviewed. Fuel sales for December
were 428.57 gal AV gas and 502.91 gal Jet A. January sales were 281.83 gal AV gas and 467.26 gal Jet A.

FBO Report:

· Snow removal equipment has had some repairs

· Flying Club flight breakfast will be May 18^th

Land acquisition update:
Kent talked with Jerry Searle of Snyder & Associates regarding the progress of the land acquisition project.
Jerry assured Kent that Phase II of the project would be completed this year. As soon as the FAA accepts the
revised ALP we can get the appraisal completed on the quonset buildings and move forward.

Discussed options for replacing or doing more repairs to the big snowblower and truck. Fox also said that the
dump truck needs new brakes. Allowance for these repairs will be put in the budget for fiscal year 2008-2009.
Kent and Mike will put together an equipment maintenance schedule for Brian.

Discussed numbers for the budget for fiscal year 2008-2009. The final proposal will be reviewed and approved
in the March meeting.

There being no further business, it was moved by Rogge, seconded by Fox, to adjourn at 7:45 p.m. Motion carried.

Respectively submitted,

___________________________________ __________________________________

Karen Aduddell, Clerk Kent Wenck, Chairman